Central Houston INC FY2020 filing

Not tax-deductible

Houston, TX501(c)(6)EIN 76-0062145Revenue $1.1M in FY2020

On file with the IRScentralhouston.org1221 McKinney St Ste 425, 77010-2011 · Houston, TXTax-exempt since Aug 1983

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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.

62¢ of each $1 spent went to programs.
$180K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$180K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
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
$1.1M
50% of total assets
Looks good: liabilities are 50% of assets; 50% or less.
Pt X · Ln 26
Independent board members
46
of 47 voting members
Looks good: 46 of 47 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$919K
To programs
62%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$998K
FY2023$776K
FY2024$955K
Expenses
$919K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$919K
FY2021$1.0M
FY2022$897K
FY2023$897K
FY2024$902K
Net assets
$1.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M
FY2022$1.2M
FY2023$1.1M
FY2024$1.1M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $567K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

42 people listed on the 990; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$134,719Pt VII · Sec A
Assist. Secretary
$45,736Pt VII · Sec A
Director
$0Pt VII · Sec A
Chair Emeritus
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt 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.

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Provided by the organization

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3 programs · $460K · in their own filed words · FY2020
01

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.

$245Kprogram expense
02

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.

$107Kprogram expense
03

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…

$107Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$3K
Money outPt IX
$919K
Ln 25
Programscol B$567K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$603K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
42
listed · VII A
PaidVII A2
Voting boardVI 1a47
IndependentVI 1b46
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$350
SavingsLn 2$603K
Cash and savings togetherLn 1–2$603K
Land, buildings, equipmentLn 10c$52K
Other assetsLn 15$970K
Total assetsLn 16$2.1M
LiabilitiesLn 26$1.1M
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 FY20End FY20
Cash and savingsLn 1–2$430K$603K
Land, buildings, equipmentLn 10c$87K$52K
Total assetsLn 16$2.1M$2.1M
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32$922K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$172K
Pay of current officers, directors and key staffLn 5$215K
Other salaries and wagesLn 7$215K
Other employee benefitsLn 9$112K
Accounting feesLn 11c$17K
Other fees for servicesLn 11g$35K
Office expensesLn 13$14K
Information technologyLn 14$3K
OccupancyLn 16$54K
TravelLn 17$1K
Conferences, conventions and meetingsLn 19$34K
Depreciation, depletion and amortizationLn 22$6K
InsuranceLn 23$3K
Other expenses (24a–d)Ln 24$38K
All other expensesLn 24e$998
Total functional expensesLn 25$919K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $1,061,185 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,080,294$1,058,171
I-10 Investment incomePrior year $21,379$3,014
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,101,673$1,061,185
I-13 Grants and similar amounts paidPrior year $279,498$171,772
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $576,287$542,130
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $229,926$204,757
I-18 Total expensesPrior year $1,085,711$918,659
I-19 Revenue less expensesPrior year $15,962$142,526
Part VI · Governance 46 of 47 board members independent, no flags
VI-1a Voting members of the governing body47
VI-1b Independent voting members46
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,061,185 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $814,026 · Excluded from tax $244,145$1,058,171
VIII-3 Investment incomeExcluded from tax $3,014$3,014
VIII-12 Total revenueRelated to mission $814,026 · Unrelated business $0 · Excluded from tax $247,159$1,061,185
Part IX · Statement of functional expenses $918,659 across 15 lines filed
IX-1 Grants to domestic organizations$171,772
IX-5 Pay of current officers, directors and key staff$214,727
IX-7 Other salaries and wages$215,271
IX-9 Other employee benefits$112,132
IX-11c Accounting fees$16,532
IX-11g Other fees for services$34,608
IX-13 Office expenses$13,628
IX-14 Information technology$2,990
IX-16 Occupancy$54,448
IX-17 Travel$1,326
IX-19 Conferences, conventions and meetings$33,549
IX-22 Depreciation, depletion and amortization$5,903
IX-23 Insurance$3,112
IX-24 Other expenses (24a–d)$37,663
IX-24e All other expenses$998
IX-25 Total functional expenses$918,659
Part X · Balance sheet $2,116,450 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $350$350
X-2 Savings and temporary cash investmentsStart of year $429,679$602,993
X-4 Accounts receivableStart of year $511,516$435,364
X-9 Prepaid expenses and deferred chargesStart of year $19,092$55,820
X-10c Land, buildings and equipment, netStart of year $86,744$52,018
X-15 Other assetsStart of year $1,041,776$969,905
X-16 Total assetsStart of year $2,089,157$2,116,450
X-17 Accounts payable and accrued expensesStart of year $125,847$82,484
X-25 Other liabilitiesStart of year $1,041,776$969,905
X-26 Total liabilitiesStart of year $1,167,623$1,052,389
X-27 Net assets without donor restrictionsStart of year $799,929$819,916
X-28 Net assets with donor restrictionsStart of year $121,605$244,145
X-32 Total net assets or fund balancesStart of year $921,534$1,064,061
X-33 Total liabilities and net assetsStart of year $2,089,157$2,116,450
Part XI · Reconciliation of net assets $1,064,061 net assets at year end
XI-1 Total revenue$1,061,185
XI-2 Total expenses$918,659
XI-3 Revenue less expenses$142,526
XI-4 Net assets at start of year$921,534
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,064,061

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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