Overview
What is Fort Worth Promotion And Development Fund?
The Fort Worth Promotion and Development Fund is a nonprofit organization situated in Fort Worth, Texas. Its primary mission is to raise funds and allocate them to various organizations that promote and support the city of Fort Worth. The fund's activities encompass supporting local conferences, community events, and celebrations, as well as city block projects. Additionally, it contributes to national and state conventions and shows, public relations, promotional activities, and national media exposure for the city. The fund also purchases gifts and momentos for dignitaries and city visitors. In essence, the Fort Worth Promotion and Development Fund's purpose is to boost the city's image and development through various promotional activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Fort Worth Promotion and Development Fund has achieved an impressive overall score of 97%, which reflects its strong accountability and financial practices. This high rating is particularly noteworthy as it is derived entirely from a single beacon score focused on these areas. The organization has maintained a majority independent board, with 100% independence among its members, demonstrating a commitment to effective governance.
The fund exhibits several strengths in its operations, including a very high program expense ratio of 88.92%, indicating that the majority of its funds are directed towards its mission-related activities. Additionally, the nonprofit has implemented robust policies such as conflict of interest, whistleblower, and document retention policies, which are all listed and compliant with best practices. Furthermore, there are no indications of material diversion of assets, showcasing the organization's integrity and reliability.
While the organization's financial health appears strong, detailed feedback on specific programs or impact metrics is not provided. However, the existing accountability measures suggest a solid foundation for continued effective operations and community contribution. Overall, the Fort Worth Promotion and Development Fund stands out for its excellent governance and financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Worth Promotion And Development Fund legitimate?
Fort Worth Promotion And Development Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Promotion And Development Fund 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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What is the mission statement of Fort Worth Promotion And Development Fund?
The Fort Worth Promotion and Development Fund's mission is to support activities that promote the city. To accomplish this, the organization raises public funds and allocates them to organizations that promote and support the city. Their activities encompass supporting local conferences, community events, and celebrations, as well as city block projects, national and state conventions, and public relations efforts. The fund also contributes to national media exposure, publications about the city, and purchasing gifts and momentos for dignitaries and visitors.
Who is the CEO of Fort Worth Promotion And Development Fund?
Mattie Parker is the President From May 2021 of Fort Worth Promotion And Development Fund.
What is the revenue of Fort Worth Promotion And Development Fund?
Fort Worth Promotion And Development Fund's revenue in 2022 was $6,417.
Who are the executives of Fort Worth Promotion And Development Fund and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Fort Worth Promotion And Development Fund?
Fort Worth Promotion And Development Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fort Worth Promotion And Development Fund
The Fort Worth Promotion and Development Fund is a dedicated organization with a mission to support activities that promote the city of Fort Worth. Its primary objective is to raise public funds and allocate them to organizations that share this goal. By doing so, the fund contributes to various initiatives that elevate the city's profile. These activities encompass local conferences, community events, celebrations, city block projects, national and state conventions and shows, public relations, promotional activities, national media exposure, publications about the city, and the purchase of gifts and momentos for dignitaries and visitors. In essence, the Fort Worth Promotion and Development Fund plays a vital role in showcasing and enhancing the city's image and appeal.
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Impact
October, 2024
The Fort Worth Promotion and Development Fund significantly impacts the city by enhancing its visibility and attractiveness through various initiatives aimed at promoting local culture, events, and community spirit. By supporting local conferences, community events, and celebrations, the fund fosters a sense of unity and pride among residents while also drawing visitors to the city.
Funding city block projects and participating in national and state conventions elevate Fort Worth's profile, showcasing it as a vibrant location for business and leisure. The fund's investments in public relations, promotional activities, and media exposure further amplify the city's brand, making it more appealing to tourists and potential residents alike. Additionally, publications and promotional materials, along with tokens of appreciation for dignitaries and visitors, help create lasting impressions of Fort Worth.
Overall, the Fort Worth Promotion and Development Fund plays a pivotal role in the community's improvement by effectively rallying resources and support for initiatives that showcase the city's unique character and potential.
This information is meant to be a general summary of Fort Worth Promotion And Development Fund. 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: $1,009
- Gross Receipts: $6,417
Assets and Liabilities:
- Total Assets: $1,040,392
- Total Liabilities: $358,747
- Net Assets: $681,645
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Organization Details
Founding Year
1994
Phone
(817) 451-8740Principal Officer
Mattie Parker
Main Address
PO BOX 17013, FORT WORTH, TX, 761020013
NTEE Category
Code: S31Z - Community improvement
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