DOWNTOWN FORT WORTH INITIATIVES INC Charity Report

Public IRS 990 nonprofit record

DOWNTOWN FORT WORTH INITIATIVES INC

EIN 75-2277821 · Community Improvement & Capacity Building (S200)

What they do

DOWNTOWN FORT WORTH INITIATIVES, INC. RECEIVES FUNDS to BE USED EXCLUSIVELY for CHARITABLE, RELIGIOUS, SCIENTIFIC, LITERARY or EDUCATIONAL PURPOSES THAT HELP to FOSTER, PROMOTE, MAINTAIN, and ENCOURAGE THE CIVIC, SOCIAL, and GENERAL WELFARE for THE CITY of FORT WORTH.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $99.60 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders89 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

82.08%of revenue went to mission work99.6% of expenses · Program services

$82.38spent for every $100 of revenueRevenue covered expenses this year.

0.30%of revenue went to management and office costs0.4% of expenses

$3.53in assets for every $1 spent this yearSome assets cannot be spent right away.

34.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $73,221 for ANDY TAFT NON VOTING (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$3,366,790

Mission workProgram services$2,763,48882.08% of revenue99.6% of expenses

ManagementOffice and general costs$9,9620.30% of revenue0.4% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$593,34017.62% of revenueShown in gray on the chart

Total expenses$2,773,45082.38% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 99.6% mission · 0.4% management · 0.0% fundraisingTotal expenses: 82.38% of revenue

2022Expense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 37.97% of revenue

2021Expense mix: 94.3% mission · 5.7% management · 0.0% fundraisingTotal expenses: 86.98% of revenue

2020Expense mix: 87.9% mission · 12.1% management · 0.0% fundraisingTotal expenses: 60.09% of revenue

2019Expense mix: 88.4% mission · 11.6% management · 0.0% fundraisingTotal expenses: 94.94% of revenue

2018Expense mix: 86.8% mission · 4.0% management · 9.2% fundraisingTotal expenses: 108.02% of revenue

2017Expense mix: 84.8% mission · 6.4% management · 8.9% fundraisingTotal expenses: 88.02% of revenue

2016Expense mix: 86.9% mission · 4.3% management · 8.8% fundraisingTotal expenses: 114.80% of revenue

Money in and money out

Revenue$3,366,790

Expenses$2,773,450

Annual surplus $593,340 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$2,763,488 · 99.6% of expenses

Management and office costs$9,962 · 0.4% of expenses

See all reported dollar amounts

Revenue$3,366,790

Expenses$2,773,450

Assets$9,777,504

Income$11,915,577

Contributions$1,171,779

Mission work (program services)$2,763,488

Management and general$9,962

Stocks and bonds$6,634,073

Investing fees$9,962

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ANDY TAFT NON VOTINGPRESIDENT · 10 hrs/week $73,221Base · Other $73,221

MELISSA KNOURDIRECTOR OF PLANNING · 10 hrs/week $29,391Base · Other $29,391

BRANDI ERVINCONTROLLER · 10 hrs/week $29,273Base · Other $29,273

MATTHEW BEARDDIRECTOR OF PUBLIC IMPROVEMENT · 10 hrs/week $29,009Base · Other $29,009

REBECCA FETTYDIRECTOR OF MARKETING & MEMBERSHIP · 10 hrs/week $27,648Base · Other $27,648

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (89)

ANDY TAFT NON VOTINGPRESIDENT

MELISSA KNOURDIRECTOR OF PLANNING

BRANDI ERVINCONTROLLER

MATTHEW BEARDDIRECTOR OF PUBLIC IMPROVEMENT

REBECCA FETTYDIRECTOR OF MARKETING & MEMBERSHIP

MICHAEL BRENNANDIRECTOR

RICHARD CASAREZDIRECTOR

RICHARD ANDRESKIDIRECTOR

REID GOETZDIRECTOR

RANDY GIDEONDIRECTOR

PATI MEADOWSDIRECTOR

NINA PETTYDIRECTOR

MIKE BROWNDIRECTOR

MICHELLE LYNNDIRECTOR

MICHAEL PAVELLDIRECTOR

MICHAEL HILTABIDELDIRECTOR

RICK BAUMEISTERDIRECTOR

MICHAEL BENNETTCHAIR

MATT HANTELMANNDIRECTOR

MARY MARGARET DAVISDIRECTOR

MARIE DOC HOLLIDAYDIRECTOR

MAE FERGUSONDIRECTOR

LORI BALDOCKDIRECTOR

LAURA BIRDVICE CHAIR

STEVE COFFMANDIRECTOR

WHIT KELLYDIRECTOR

WALTER LITTLEJOHNDIRECTOR

VARUN MALLIPADDIDIRECTOR

TRAVIS TURNERDIRECTOR

TERRENCE J RYANDIRECTOR

SUZANNE WESTRUMDIRECTOR

STEVEN SHELLEYDIRECTOR

STEVE MONTGOMERYDIRECTOR

STEVE LOMBARDIDIRECTOR

STEVE HAMBRICKSECRETARY

RICHARD WATTERSDIRECTOR

STACY MARSHALLDIRECTOR

STACY HOLLINGSWORTHDIRECTOR

SONNY SRADIRECTOR

SIERRA QUINONEZDIRECTOR

SHANNON BEARDENDIRECTOR

SAM KNIGHTDIRECTOR

RUSTY ANDERSONDIRECTOR

RONNY KORBTREASURER

ROBERT M BASSDIRECTOR

KYLE RILEYDIRECTOR

BRIAN NEWBYDIRECTOR

DEBBIE FULWILERDIRECTOR

DAVID CORREADIRECTOR

DAVID CAMPBELLDIRECTOR

DALE KLOSEDIRECTOR

COURTNEY TOWSONDIRECTOR

CHARLES MILLIKENDIRECTOR

CHAD GARTNERDIRECTOR

CARLOS DE LA TORREDIRECTOR

BUZZ LO BRIGHTBILL IIIDIRECTOR

BRYAN WALSHDIRECTOR

DIONE KENNEDYDIRECTOR

BRIAN COLTHARPDIRECTOR

BRANDON BREWERDIRECTOR

BRANDON BLEDSOEDIRECTOR

BOB SEMPLEDIRECTOR

BOB JAMESONDIRECTOR

ASHLEE JOHNSONDIRECTOR

ANETTE LANDEROSDIRECTOR

ANDREW THOMPSONDIRECTOR

AMBER FINLEY REYNOLDSDIRECTOR

ALLAN HOWETHDIRECTOR

JACK HUFFDIRECTOR

ADAM JONESDIRECTOR

KIMBERLY B BURKEDIRECTOR

JOHNNY CAMPBELLDIRECTOR

JOHN VALLANCEDIRECTOR

JOHN AVILADIRECTOR

JERRY THOMPSONDIRECTOR

JEREMY SMITHDIRECTOR

JARRATT WATKINSDIRECTOR

JANAE WILLIS-BEARDDIRECTOR

JACK MILLERDIRECTOR

LARRY ANFINDIRECTOR

JACK CLARKDIRECTOR

HENRY BORBOLLAVICE CHAIR

GREG UPPDIRECTOR

GLORIA STARLINGVICE CHAIR

GARY CUMBIEDIRECTOR

EDDIE BROUSSARDDIRECTOR

DREW HAYDENDIRECTOR

DR SEAN MADISONDIRECTOR

DOUG ELLERDIRECTOR

About this charity

Recognized since: January 1989
Location: 777 TAYLOR STREET SUITE 100, FORT WORTH, TX 76102
County: Tarrant
In care of: ANDREW TAFT
Primary officer: ANDREW TAFT, PRESIDENT

How to reach them

Phone(817) 870-1692

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: SPROLES WOODARD LLP
NTEE classification: Community Improvement & Capacity Building (S200)
IRS tax category: Civic and Social Organizations