Central Houston INC

Not tax-deductible

Houston, TX501(c)(6)EIN 76-0062145

Central houston is a visionary, action-oriented collaborator that sets the groundwork for urban vitality and continued growth to foster a thriving hub of commerce, culture, and living within downtown and the central city.

Run by 60 volunteers and 57 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $44K a year · 4% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.5M
to officers and key staff · 162% of spending
Concern: pay to officers and key staff is 162% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.9M
71% of total assets
Worth a look: liabilities are 71% of assets; over 65%.
Pt X · Ln 26
Independent board members
45
of 45 voting members
Looks good: 45 of 45 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$955K
+23% vs prior year
Spent
$902K
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$955K
FY2024▲ +23%
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$998K
FY2023$776K
FY2024$955K
Expenses
$902K
FY2024+0.5%
Expenses by fiscal year
FY2020$919K
FY2021$1.0M
FY2022$897K
FY2023$897K
FY2024$902K
Net assets
$1.1M
FY2024▲ +5%
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

50 people listed on the 990; $1.5M paid to officers and key staff.

Part VII, Section A · reportable compensation
$450,106Pt VII · Sec A
Chief Operating Officer
$296,882Pt VII · Sec A
Director of Strategic Initiatives
$218,200Pt VII · Sec A
Director of Finance
$201,186Pt VII · Sec A
Director of Engagement
$196,066Pt VII · Sec A
Exec Assist & Paralegal
$96,460Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Kristopher Larson$450,106$429,600$362,124$90,366—
John a Douglas$296,882$287,772$197,195——
Bob Eury———$279,809—
Albert Sanchez$218,200$216,145———
Brett Debord——$204,869——
Jana Gunter$201,186$191,514———
Ann Taylor$196,066$174,201———
Jana Johnson Gunter——$172,854——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promotes urban vitality and economic growth in downtown Houston by coordinating civic leadership, urban planning, and infrastructure development projects.

Provided by the organization

This section is blank until Central Houston INC claims this page.

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3 program services, described in the organization's own filed words · FY2024.
01

Civic Leadership

A framework for responsible decisions regarding the civic opportunities associated with the north houston highway improvement project has been created through the mayor's office and steering committee of civic volunteers.

Pt IX · col B
02

Transportation access-transportation program advocacy is central to strong economic development in downtown. Central houston advocates on behalf of its downtown stakeholders to improve the quality of transportation options, priority access, effective commuting methods, and works with the city of houston and other agencies including…

Pt IX · col B
03

Economic development program-the economic development program is used as a reliable resource for investors, building owners and tenants serving as a clearinghouse for information, including internally generated data such as the downtown office story, development maps, and independent research.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 3 grants · $580K · 2020–2022

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$955K
Ln 12
Fees for servicesLn 2g$877K
Other incomeLn 4–11$52K
Investment incomeLn 3$26K
Money outPt IX
$902K
Ln 25
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$596K
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
50
listed · VII A
PaidVII A6
Voting boardVI 1a45
IndependentVI 1b45
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$877K
Investment incomeLn 3$26K
Other incomeLn 4–11$52K
Total revenueLn 12$955K
Assets in detailPt X, end of year
CashLn 1$350
SavingsLn 2$596K
Cash and savings togetherLn 1–2$596K
Land, buildings, equipmentLn 10c$817K
Other assetsLn 15$1.8M
Total assetsLn 16$4.0M
LiabilitiesLn 26$2.9M
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 557
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$596K
Land, buildings, equipmentLn 10c$886K$817K
Total assetsLn 16$4.1M$4.0M
LiabilitiesLn 26$3.0M$2.9M
Net assetsLn 32$1.1M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$346K
Other salaries and wagesLn 7$11K
Other employee benefitsLn 9$84K
Accounting feesLn 11c$16K
Other fees for servicesLn 11g$34K
Office expensesLn 13$22K
Information technologyLn 14$2K
OccupancyLn 16$36K
TravelLn 17$17K
Conferences, conventions and meetingsLn 19$214K
Payments to affiliatesLn 21$77K
Depreciation, depletion and amortizationLn 22$14K
InsuranceLn 23$4K
Other expenses (24a–d)Ln 24$25K
Total functional expensesLn 25$902K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $955K$902K$53K$1.1M 990 PDF
FY2023 $776K$897K−$121K$1.1M 990 PDF
FY2022 $998K$897K$101K$1.2M 990 PDF
FY2021 $1.1M$1.0M$42K$1.1M 990 PDF
FY2020 $1.1M$919K$143K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $955,159 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $694,483 · Excluded from tax $182,360$876,843
VIII-3 Investment incomeExcluded from tax $25,894$25,894
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $52,422$52,422
VIII-12 Total revenueRelated to mission $694,483 · Unrelated business $0 · Excluded from tax $260,676$955,159
Part IX · Statement of functional expenses $901,684 across 14 lines filed
IX-5 Pay of current officers, directors and key staff$346,156
IX-7 Other salaries and wages$11,184
IX-9 Other employee benefits$84,281
IX-11c Accounting fees$16,400
IX-11g Other fees for services$34,323
IX-13 Office expenses$21,560
IX-14 Information technology$2,103
IX-16 Occupancy$35,748
IX-17 Travel$16,849
IX-19 Conferences, conventions and meetings$213,861
IX-21 Payments to affiliates$77,000
IX-22 Depreciation, depletion and amortization$13,615
IX-23 Insurance$3,786
IX-24 Other expenses (24a–d)$24,818
IX-25 Total functional expenses$901,684
Part X · Balance sheet $3,993,894 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $350$350
X-2 Savings and temporary cash investmentsStart of year $1,285,015$595,831
X-4 Accounts receivableStart of year $19,761$747,175
X-9 Prepaid expenses and deferred chargesStart of year $67,478$75,387
X-10c Land, buildings and equipment, netStart of year $886,094$816,852
X-15 Other assetsStart of year $1,825,100$1,758,299
X-16 Total assetsStart of year $4,083,798$3,993,894
X-17 Accounts payable and accrued expensesStart of year $69,797$100,491
X-25 Other liabilitiesStart of year $2,927,780$2,753,707
X-26 Total liabilitiesStart of year $2,997,577$2,854,198
X-27 Net assets without donor restrictionsStart of year $962,136$957,336
X-28 Net assets with donor restrictionsStart of year $124,085$182,360
X-32 Total net assets or fund balancesStart of year $1,086,221$1,139,696
X-33 Total liabilities and net assetsStart of year $4,083,798$3,993,894
Part XI · Reconciliation of net assets $1,139,696 net assets at year end
XI-1 Total revenue$955,159
XI-2 Total expenses$901,684
XI-3 Revenue less expenses$53,475
XI-4 Net assets at start of year$1,086,221
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,139,696

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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