Overview
What is Downtown Fort Worth Initiatives Inc?
Downtown Fort Worth Initiatives Inc is a nonprofit organization situated in Fort Worth, Texas, with an address at 777 Taylor Street 100. Their primary mission is to contribute to the civic, social, and general welfare of the city through charitable, religious, scientific, literary, or educational purposes. They achieve this by organizing and sponsoring festivals and events in the downtown area, aiming to showcase and promote the community. The funds they receive are exclusively dedicated to these activities, helping to foster, promote, maintain, and encourage the city's well-being.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94% (Four-Star out of Four Star rating)
Downtown Fort Worth Initiatives Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity scored 100% in multiple areas, indicating effective management and transparency in its operations. With a fiscal responsibility highlighted by a program expense ratio of 87.36%, the organization demonstrates that a significant portion of its funds directly supports its initiatives.
One of the notable strengths of Downtown Fort Worth Initiatives Inc is its governance structure, which is composed entirely of independent board members, ensuring unbiased oversight. The charity also adheres to rigorous policies regarding conflict of interest, whistleblowing, and document retention, further reinforcing its commitment to ethical practices. The presence of an Audit and Oversight Committee adds an additional layer of financial scrutiny, contributing to its strong accountability metrics.
Despite its high ratings, the summary does not indicate any specific limitations or areas for improvement. Overall, the charity's solid financial health and operational practices position it as a reliable organization for potential donors seeking to support impactful community initiatives in Fort Worth.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Fort Worth Initiatives Inc legitimate?
Downtown Fort Worth Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Fort Worth Initiatives 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.
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For more financial information, click here
What is the mission statement of Downtown Fort Worth Initiatives Inc?
Downtown Fort Worth Initiatives Inc receives funds for charitable, religious, scientific, literary, or educational purposes, aiming to foster, promote, maintain, and encourage the civic, social, and general welfare of the city. The organization uses these funds to support initiatives that contribute positively to the community's well-being. They often organize festivals and events in the downtown area to showcase and promote the Downtown Fort Worth community, thereby strengthening its connection and engagement.
Who is the CEO of Downtown Fort Worth Initiatives Inc?
Andrew Taft is the Director of Downtown Fort Worth Initiatives Inc.
What is the revenue of Downtown Fort Worth Initiatives Inc?
Downtown Fort Worth Initiatives Inc's revenue in 2022 was $3,569,281.
Who are the executives of Downtown Fort Worth Initiatives Inc and what are their salaries?
There 250 volunteers at Downtown Fort Worth Initiatives Inc.
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Where can I find the form 990 for Downtown Fort Worth Initiatives Inc?
Downtown Fort Worth Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Fort Worth Initiatives Inc
Downtown Fort Worth Initiatives Inc is a nonprofit organization that receives funds for charitable, religious, scientific, literary, or educational purposes. Its mission is to foster, promote, maintain, and encourage the civic, social, and general welfare of the city of Fort Worth. The organization utilizes these funds to organize and sponsor festivals and events in the downtown Fort Worth area, aiming to showcase and promote the community. By doing so, Downtown Fort Worth Initiatives Inc plays a significant role in enhancing the city's culture, engaging its residents, and contributing to its overall well-being.
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Impact
July, 2024
Downtown Fort Worth Initiatives Inc has significantly impacted the community by organizing festivals and events in the downtown Fort Worth area. These events not only showcase and promote the downtown Fort Worth community but also contribute to fostering civic engagement, social interaction, and the overall welfare of the city. Through their initiatives, they play a key role in promoting the cultural and economic vitality of downtown Fort Worth, creating a more vibrant and dynamic urban environment.
This information is meant to be a general summary of Downtown Fort Worth Initiatives 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: $86,109
- Program Service Revenue: $1,950,474
- Gross Receipts: $3,621,956
Assets and Liabilities:
- Total Assets: $6,536,570
- Total Liabilities: $174,929
- Net Assets: $6,361,641
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FESTIVALS AND EVENTS
Revenue
$1,745,502
DOWNTOWN PARK MAINTENA
Revenue
$157,817
HOUSING/ART
Revenue
$47,155
Organization Details
Founding Year
1988
Phone
(817) 870-1692Principal Officer
Andrew Taft
Main Address
777 TAYLOR STREET 100, FORT WORTH, TX, 76102
NTEE Category
Code: S200 - Community improvement
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