Overview
What is Historic Fort Worth Inc?
Historic Fort Worth Inc, headquartered in Fort Worth, Texas, is a dedicated nonprofit organization with a mission to preserve and safeguard Fort Worth's distinctive historical identity. They achieve this through stewardship, education, and leadership. As part of their initiatives, they own, maintain, and restore two notable properties: the 1904 Wharton-Scott House, known as Thistle Hill, and the Ball-Eddleman-McFarland House. These properties serve as house museums, rental properties, and educational venues, catering to both adults and children. With a team of 16 individuals, Historic Fort Worth Inc's work contributes significantly to the historical preservation and enrichment of the Fort Worth community.
Official website here: www.historicfortworth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
Historic Fort Worth Inc has received a Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance, with an overall score derived solely from its financial practices. The organization boasts an independent board with 100% of its members being independent, which signifies good governance. Additionally, it has demonstrated a solid fiscal management with no material diversion of assets and a favorable liabilities-to-assets ratio.
The nonprofit's financial transparency is commendable, as it complies with essential practices such as listing its tax form on its website and maintaining proper documentation of board meeting minutes. However, it is noted that the organization is lacking a whistleblower policy and a document retention and destruction policy, which could be areas for improvement in terms of internal controls and transparency.
Overall, Historic Fort Worth Inc shows a commitment to responsible financial stewardship which is reflected in its high program expense ratio. This indicates that a significant portion of its resources is allocated towards its mission-related activities, essential for its ongoing operations and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Historic Fort Worth Inc legitimate?
Historic Fort Worth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Historic Fort Worth Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $50,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $195,162
For more financial information, click here
Official website here: www.historicfortworth.org
What is the mission statement of Historic Fort Worth Inc?
Historic Fort Worth Inc is committed to preserving the distinctive historical identity of a specific place, through stewardship, education, and leadership. Their mission involves safeguarding historical sites, promoting knowledge, and influencing decision-making in the field of heritage conservation. The organization manages and restores two historical properties, the Wharton-Scott House, also known as Thistle Hill, and the Ball-Eddleman-McFarland House. These properties serve as museums, rental venues, and educational spaces for both adults and children.
Official website here: www.historicfortworth.org
Who is the CEO of Historic Fort Worth Inc?
Jerre Tracy is the Executive Director of Historic Fort Worth Inc.
Official website here: www.historicfortworth.org
What is the revenue of Historic Fort Worth Inc?
Historic Fort Worth Inc's revenue in 2022 was $520,589.
Official website here: www.historicfortworth.org
Who are the executives of Historic Fort Worth Inc and what are their salaries?
The average compensation at Historic Fort Worth Inc during 2022 was $15,323. There are 16 employees and 175 volunteers at Historic Fort Worth Inc.
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Official website here: www.historicfortworth.org
Where can I find the form 990 for Historic Fort Worth Inc?
Historic Fort Worth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.historicfortworth.org
Learn more at the official website: www.historicfortworth.org
Mission Statement of Historic Fort Worth Inc
Historic Fort Worth Inc, as an organization, is committed to safeguarding Fort Worth's distinct historical identity. They achieve this mission through three key strategies: stewardship, education, and leadership. By assuming ownership, maintenance, and restoration responsibilities for two significant properties, the 1904 Wharton-Scott House, known as Thistle Hill, and the Ball-Eddleman-McFarland House, Historic Fort Worth Inc ensures these historical landmarks are preserved for future generations. These properties serve not only as museums but also as rental properties and educational venues, open to both adults and children, fostering a deep appreciation for the city's history.
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Impact
July, 2024
Historic Fort Worth Inc plays a significant role in preserving Fort Worth's unique historic identity through its stewardship, education, and leadership initiatives. The organization owns, maintains, and has restored two important properties - the 1904 Wharton-Scott House (Thistle Hill) and the Ball-Eddleman-McFarland House. These properties serve as house museums, rental properties, and educational venues for both adults and children. Through its efforts, Historic Fort Worth Inc not only ensures the preservation of these historic landmarks but also provides opportunities for the community to learn about and engage with Fort Worth's rich history. This organization's work contributes to the cultural vibrancy and heritage of the city, making it an integral part of Fort Worth's arts and historical landscape.
This information is meant to be a general summary of Historic Fort Worth Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $8,159
- Program Service Revenue: $70,988
- Gross Receipts: $564,916
Assets and Liabilities:
- Total Assets: $1,677,190
- Total Liabilities: $295,213
- Net Assets: $1,381,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MUSEUM FEES
Revenue
$70,988
Organization Details
Founding Year
1969
Phone
(817) 336-2344Principal Officer
Jerre Tracy
Main Address
1110 PENN STREET, FORT WORTH, TX, 76102
Website
www.historicfortworth.orgNTEE Category
Code: A80 - Arts
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