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Fort Worth Report

Tax-deductible

Fort Worth, TX501(c)(3)Public & Societal Benefit EIN 83-4688357Revenue $2.7M in FY2024

On file with the IRS3008 E Rosedale St, 76105-2330 · Fort Worth, TXTax-exempt since May 2019Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 11 volunteers and 31 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
3 of 4
filings with a surplus
Average surplus $391K a year · 19% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$272K
to officers and key staff · 11% of spending
Top officer’s pay higher than 50% of similar orgs
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+46% vs prior year
Spent
$2.5M
To programs
71%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$2.7M
FY2024▲ +46%
Tap a bar for its year
Revenue by fiscal year
FY2020$50K
FY2021$1.4M
FY2022$2.4M
FY2023$1.8M
FY2024$2.7M
Expenses
$2.5M
FY2024▲ +19%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$682K
FY2022$1.6M
FY2023$2.1M
FY2024$2.5M
Net assets
$1.6M
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$44K
FY2021$808K
FY2022$1.6M
FY2023$1.4M
FY2024$1.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2019.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $1.8M Management & general 11% · $272K Fundraising 18% · $455K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990; $272K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chris Cobler
CEO, Publisher
$152,000Pt VII · Sec A
Mike Distelhorst
General Manager & Cro
$120,000Pt VII · Sec A
John Lumpkin
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Meadows
President and Co-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A

Chris Cobler’s $152K as CEO, Publisher is at the 50th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Chris Cobler$152,000$135,000$140,000$130,000
Mike Distelhorst$120,000———
Patricia R Terrell—$115,142——
Trish Rodriguez Terrell——$103,000—

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.

See Fort Worth Report executive salaries →

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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 15aNo

Programs and updates

Produces high-quality local journalism to inform decisions, improve lives, and tell community stories.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2024
01

The organization works to inform and engage texans with information about public policies, politics, and government and statewide issues through media.

$1.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Robert D & Catherine R Alexander FoundationFY2025$6K
Carol J & R Denny Alexander FoundationFY2025$1K
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$278K
Investment incomeLn 3$31K
Money outPt IX
$2.5M
Ln 25
Programscol B$1.8M
Managementcol C$272K
Fundraisingcol D$455K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$1.6M
LiabilitiesLn 26$32K
PeoplePt VI, VII
13
listed · VII A
PaidVII A2
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$278K
Investment incomeLn 3$31K
Other incomeLn 4–11$825
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$937K
SavingsLn 2$665K
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$38K
Total assetsLn 16$1.6M
LiabilitiesLn 26$32K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 531
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.4M$1.6M
Land, buildings, equipmentLn 10c$46K$38K
Total assetsLn 16$1.4M$1.6M
LiabilitiesLn 26$0$32K
Net assetsLn 32$1.4M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$272K$196K$30K$46K
Other salaries and wagesLn 7$1.3M$874K$129K$315K
Pension plan contributionsLn 8$6K$3K$1K$1K
Other employee benefitsLn 9$91K$90K$248$482
Payroll taxesLn 10$137K$94K$14K$29K
Accounting feesLn 11c$35K$12K$24K
Other fees for servicesLn 11g$226K$185K$9K$32K
Advertising and promotionLn 12$129K$128K$815
Office expensesLn 13$56K$56K$183$50
Information technologyLn 14$68K$68K$216$324
OccupancyLn 16$62K$89$62K
TravelLn 17$18K$14K$35$4K
Depreciation, depletion and amortizationLn 22$8K$5K$840$1K
InsuranceLn 23$19K$19K
Other expenses (24a–d)Ln 24$47K$21K$465$26K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$2.5M$1.8M$272K$455K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $2.7M$2.5M$211K$1.6M 990 PDF
FY2023 $1.8M$2.1M−$240K$1.4M 990 PDF
FY2022 $2.4M$1.6M$830K$1.6M 990 PDF
FY2021 $1.4M$682K$764K$808K 990 PDF
FY2020 $50K$44K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $2,704,734 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,665,324$2,394,512
I-9 Program service revenuePrior year $153,087$278,325
I-10 Investment incomePrior year $30,538$31,072
I-11 Other revenuePrior year $0$825
I-12 Total revenuePrior year $1,848,949$2,704,734
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,590,116$1,823,482
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $499,025$669,873
I-18 Total expensesPrior year $2,089,141$2,493,355
I-19 Revenue less expensesPrior year −$240,192$211,379
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,704,734 across 5 lines filed
Lines not itemized here account for $825 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,394,512
VIII-1h Total contributions, gifts and grants$2,394,512
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $278,325$278,325
VIII-3 Investment incomeExcluded from tax $31,072$31,072
VIII-12 Total revenueRelated to mission $278,325 · Unrelated business $0 · Excluded from tax $31,897$2,704,734
Part IX · Statement of functional expenses $2,493,355 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $195,840 · Management $29,920 · Fundraising $46,240$272,000
IX-7 Other salaries and wagesPrograms $874,190 · Management $129,016 · Fundraising $314,527$1,317,733
IX-8 Pension plan contributionsPrograms $2,782 · Management $1,305 · Fundraising $1,495$5,582
IX-9 Other employee benefitsPrograms $90,130 · Management $248 · Fundraising $482$90,860
IX-10 Payroll taxesPrograms $94,157 · Management $14,500 · Fundraising $28,650$137,307
IX-11c Accounting feesPrograms $11,652 · Management $23,595$35,247
IX-11g Other fees for servicesPrograms $185,015 · Management $9,074 · Fundraising $32,138$226,227
IX-12 Advertising and promotionPrograms $127,730 · Fundraising $815$128,545
IX-13 Office expensesPrograms $55,817 · Management $183 · Fundraising $50$56,050
IX-14 Information technologyPrograms $67,778 · Management $216 · Fundraising $324$68,318
IX-16 OccupancyPrograms $89 · Management $62,281$62,370
IX-17 TravelPrograms $14,065 · Management $35 · Fundraising $3,627$17,727
IX-22 Depreciation, depletion and amortizationPrograms $5,499 · Management $840 · Fundraising $1,298$7,637
IX-23 InsurancePrograms $18,853$18,853
IX-24 Other expenses (24a–d)Programs $20,963 · Management $465 · Fundraising $25,729$47,157
IX-24e All other expensesPrograms $1,742$1,742
IX-25 Total functional expensesPrograms $1,766,302 · Management $271,678 · Fundraising $455,375$2,493,355
Part X · Balance sheet $1,640,596 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $717,642$937,424
X-2 Savings and temporary cash investmentsStart of year $634,032$665,104
X-10c Land, buildings and equipment, netStart of year $45,706$38,068
X-16 Total assetsStart of year $1,397,380$1,640,596
X-17 Accounts payable and accrued expensesStart of year $0$31,837
X-26 Total liabilitiesStart of year $0$31,837
X-27 Net assets without donor restrictionsStart of year $1,332,380$504,878
X-28 Net assets with donor restrictionsStart of year $65,000$1,103,881
X-32 Total net assets or fund balancesStart of year $1,397,380$1,608,759
X-33 Total liabilities and net assetsStart of year $1,397,380$1,640,596
Part XI · Reconciliation of net assets $1,608,759 net assets at year end
XI-1 Total revenue$2,704,734
XI-2 Total expenses$2,493,355
XI-3 Revenue less expenses$211,379
XI-4 Net assets at start of year$1,397,380
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,608,759

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

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