2011-06-06T09:39:37-05:00 2010-09-30 WEAVER AND TIDWELL LLP 2821 W 7TH STREET SUITE 700 FORT WORTH TX 76107 990 2009-10-01 752277821 DOWNTOWN FORT WORTH INITIATIVES INC DOWN 8178701692 777 TAYLOR STREET No 100 FORT WORTH TX 76102 ANDREW TAFT 8178701692 2011-05-23 1 Daniel M Stewart 8173327905 2009 2016-02-24 21:20:13Z ANDREW TAFT 777 TAYLOR STREET No 100 FORT WORTH TX 76102 3096466 0 X WWW.MSFWAF.ORG X 1988 TX 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. 50 50 0 50 4650 3650 3373146 771863 274238 2307150 3362 5972 -605197 4650 3045549 3089635 0 0 0 235699 235699 2462653 3868383 2462653 4104082 582896 -1014447 7775283 6360036 1966818 1566018 5808465 4794018 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. 0 0 1709980 1546749 FESTIVALS AND EVENTS IN THE DOWNTOWN FORT WORTH ARE TO SHOWCASE AND PROMOTE THE DOWNTOWN FORT WORTH COMMUNITY. 1401359 355690 THE ORGANIZATION IS PROVIDING ADMINISTRATIVE SERVICES FOR LANDSCAPING, UPKEEP, MAINTENANCE AND RENOVATION FOR THE BURNETT PARK, A DOWNTOWN FORT WORTH PUBLIC PARK, BY CONTRACT WITH THE BURNETT FOUNDATION. 375608 375571 THE ORGANIZATION ADMINISTERS FOR TIF #3 THE SANTA FE FREIGHT HOUSE LEASE. THIS BUILDING IS SUBLEASED TO THREE DIFFERENT TENANTS AND THE ORGANIZATION PROVIDES UPKEEP AND MAINTENANCE TO THIS BUILDING. 119585 PARTICIPATES IN HOUSING PROJECTS ESTABLISHED TO PROVIDE LOW-MODERATE INCOME HOUSING IN DOWNTOWN FORT WORTH AND OTHER CHARITABLE PURPOSES. 119585 3606532 1 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 45 0 0 1 1 0 0 0 0 1 1 0 0 0 50 50 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X The Organization 8178701692 777 TAYLOR STREET No 100 FORT WORTH TX 76102 X BOB JAMESON 2.00 X 0 0 0 BRIAN HAPPEL 2.00 X X 0 0 0 MARILYN ACKMANN 1.00 X 0 0 0 LARRY ANFIN 1.00 X 0 0 0 OLA ASSEM 1.00 X 0 0 0 EDWARD P BASS 1.00 X 0 0 0 ROBERT M BASS 1.00 X 0 0 0 RICK BAUMEISTER 1.00 X 0 0 0 BILL BOECKER 1.00 X 0 0 0 THAD BURNDRETT 1.00 X 0 0 0 TODD BURNETTE 1.00 X 0 0 0 JOHNNY CAMPBELL 1.00 X 0 0 0 JACK CLARK 1.00 X 0 0 0 JEFF DAVIS 1.00 X 0 0 0 JIM EAGLE 1.00 X 0 0 0 DOUGLAS K ELLER 1.00 X 0 0 0 JIM FINLEY 1.00 X 0 0 0 BRAD FORSBERG 1.00 X 0 0 0 TAYLOR GANDY 1.00 X 0 0 0 RANDALL GIDEON 1.00 X 0 0 0 PERRY GINN 1.00 X 0 0 0 MELISSA GRAHAM 1.00 X 0 0 0 MIKE GUYTON 1.00 X 0 0 0 GLEN HAHN 1.00 X 0 0 0 ALBON HEAD 1.00 X 0 0 0 DON HELLMAN 1.00 X 0 0 0 ALLAN HOWETH 1.00 X 0 0 0 RICK JENKINS 1.00 X 0 0 0 STAN KENNEDY 1.00 X 0 0 0 SHERRY KEY 1.00 X 0 0 0 BRENDA KINDT 1.00 X 0 0 0 J LEO KINNEY 1.00 X 0 0 0 BARRY KROMANN 1.00 X 0 0 0 WALTER LITTLEJOHN 1.00 X 0 0 0 MATT MILDREN 1.00 X 0 0 0 CHARLES MILLIKEN 1.00 X 0 0 0 PHIL NORWOOD 1.00 X 0 0 0 WADE T NOWLIN 1.00 X 0 0 0 DAVID PARKER 1.00 X 0 0 0 MICHAEL PAVELL 1.00 X 0 0 0 ROXANNE PILLAR 1.00 X 0 0 0 DAN PIOTROWSKI 1.00 X 0 0 0 DAVID PORTER 1.00 X 0 0 0 VICKIE POWELL 1.00 X 0 0 0 DICK RUDDELL 1.00 X 0 0 0 BOB SEMPLE 1.00 X 0 0 0 R DAN SETTLE JR 1.00 X 0 0 0 TOM STRUHS 1.00 X 0 0 0 DAVID STUECKLER 1.00 X 0 0 0 CHET WAKEFIELD 1.00 X 0 0 0 JAKE WALKER 1.00 X 0 0 0 JOY WEBSTER 1.00 X 0 0 0 MIKE WEST 1.00 X 0 0 0 JULIE WILSON 1.00 X 0 0 0 ANDREW TAFT 40.00 X 0 226658 20960 NINA PETTY 2.00 X 0 0 0 0 226658 20960 0 0 1 0 THOS S BYRNE 3100 W 7TH STREET STE 200 FORT WORTH TX 76107 CONSTRUCTION 1232808 DOWNIE PRODUCTIONS 7120 ROYALGREEN DRIVE CINCINNATI OH 45244 EVENT PRODUCTION SERVICES 253470 2 771863 771863 FESTIVALS AND EVENTS 713990 1546749 1546749 SANTA FE FREIGHT HOUSE 531120 375571 375571 BURNETT PARK MAINTENAN 230000 355690 355690 LEASE INCOME - HOUSING 531110 28693 28693 PUBLIC ART 713990 447 447 2307150 12803 12803 6831 -6831 -6831 -6831 ZAPP SOFTWARE 519100 4650 4650 4650 3089635 2307150 4650 5972 156078 156078 235699 235699 5047 5047 100726 100726 44992 44992 FESTIVAL AND EVENT PROD 1709980 1709980 BURNETT PARK MAINTENANC 1401359 1401359 SANTA FE FREIGHT HOUSE 374659 374659 OTHER EXPENSES 75542 75542 4104082 3606532 261851 235699 319201 454046 946086 367554 1448092 510000 236565 71243 1688806 1647250 142481 249295 3154667 155725 2965991 2998942 4461 11762 23600 49944 7775283 6360036 452584 82789 4243 3951 1509991 1479278 1966818 1566018 X 3835826 3666809 1972639 1127209 5808465 4794018 7775283 6360036 X 0 1 1 X 0 X 514929 649124 1181278 3373146 771863 6490340 1388536 973501 1502852 1583306 2307150 7755345 3674 3674 1903465 1622625 2684130 4960126 3079013 14249359 0 1369454 957189 1475851 1288878 5091372 1369454 957189 1475851 1288878 5091372 9157987 4757 8607 16002 3362 17453 50181 4757 8607 16002 3362 17453 50181 1908222 1631232 2700132 4963488 3096466 14299540 0.64040 0.35310 0.00350 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 447 30750 X 0 2872934 2872934 281733 155725 126008 2998942 CITY OF FORT WORTH LOAN 622854 RADIOSHACK CORPORATION LOAN 321161 JUSTIN MANAGEMENT COMPANY LOAN 107054 BANK ONE DEVELOPMENT CORPORATION LOAN 214107 WELLS FARGO BANK LOAN 107054 PIER 1 IMPORTS, INC. LOAN 53524 GAINSCO LOAN 53524 1479278 3089635 4104082 -1014447 0 -1014447 3096466 0 3096466 -6831 -6831 3089635 4110913 0 4110913 -6831 -6831 4104082 Part X: Description of Uncertain Tax Positions Under FIN 48: Effective September 1, 2009, the Organizations began to utilize different recognition thresholds and measurement requirements for uncertain tax positions when compared to prior technical literature. Pursuant to the new guidance issued by the Financial Accounting Standards Board (FASB) in June 2006, the Organizations must recognize in their financial statements the financial effects of a tax position, if that position is more likely than not of being sustained upon examination, including resolution of any appeals or litigation processes, based upon the technical merits of the position. Guidance is also provided on measurement, classification, interest and penalties and disclosure. As of September 30, 2010, the Organizations had no uncertain tax positions that qualify for either recognition or disclosure in the financial statements. As of September 30, 2010, the Organizations' tax years from 2006 to 2009 remain subject to examination. DFWII qualifies as a tax-exempt organization under Section 501(c)(3) of the Internal Revenue Code and therefore has no provision for federal income taxes. Part XII, Line 4b - Other Adjustments: GAIN/LOSS ON DISPOSAL OF ASSETS: -6831. Part XIII, Line 4b - Other Adjustments: GAIN/LOSS ON DISPOSAL OF ASSETS: -6831. X X X X X X X 1 DOWNIE PRODUCTIONS INC FESTIVALS 0 1979518 235699 1743819 1979518 235699 1743819 0 0 0 0 0 0 0 0 0 ANDREW TAFT 0 207809 0 18849 0 0 0 0 0 20960 0 247618 0 0 LARRY ANFIN - COORS DISTRIBUTING BOARD MEMBER 66155 VENDOR 0 WADE NOWLIN - HUB INTERNATIONAL RIG BOARD MEMBER 55660 INSURANCE 0 JIM EAGLE - RED OAK REALTY BOARD MEMBER 32092 PROPERTY MANAGEMENT 0 THAD BUNDRETTE - JACOBS ENGINEERING BOARD MEMBER 32254 CONSTRUCTION CONSULTATION 0 CHUCK MILLIKEN - DECKER JONES BOARD MEMBER 13386 LEGAL SERVICES 0 CHET WAKEFIELD - FORT WORTH STAR TE BOARD MEMBER 15663 ADVERTISING 0 MIKE WEST - UTA BOARD MEMBER 26965 REIMBURSED EXPENSES 0 Form 990, Part VI, Section A, line 3 MANAGEMENT FUNCTIONS RELATIVE TO THE RENTAL OF THE SANTA FE FREIGHT HOUSE WERE DELEGATED TO RED OAK REALTY. Form 990, Part VI, Section A, line 7a THE BOARD OF DIRECTORS OF DOWNTOWN FORT WORTH, INC.("DFWI") ARE ALSO AUTOMATICALLY BOARD MEMBERS OF DOWNTOWN FORT WORTH INITIATIVES, INC. UPON THEIR ELECTION TO THE BOARD OF DIRECTORS OF DFWI. INDIVIDUALS WITH A CONFLICT OF INTEREST ARE SUSPENDED FROM SERVING ON THE BOARD OF DOWNTOWN FORT WORTH INITIATIVES. DFWI'S MEMBERS ELECT THE BOARD MEMBERS AS WELL AS THE MEMBERS OF THE AUDIT COMMITTEE AND OFFICERS. Form 990, Part VI, Section B, line 11 THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTANT AND REVIEWED THE MANAGEMENT FOR COMPLETENESS AND ACCURACY. AFTER, THE BOARD MEMBERS ARE NOTIFIED THAT THE FORM 990 IS AVAILABLE FOR THEIR REVIEW UNTIL THE FORM'S DUE DATE AT WHICH TIME IT IS SUBMITTED TO THE IRS. Form 990, Part VI, Section B, line 12c BOARD MEMBERS-THERE IS A WRITTEN CONFLICTS OF INTEREST POLICY FOR BOARD MEMBERS THAT MUST BE REVIEWED AND SIGNED ANNUALLY. EMPLOYEES OF DOWNTOWN FORT WORTH, INC.-THE EMPLOYEE HANDBOOK MANDATES THAT CONFLICTS OF INTEREST BE FULLY DISCLOSED TO THE PRESIDENT OF THE ORGANIZATION PRIOR TO INVOLVEMENT WITH OR IN ANY POTENTIAL CONFLICT OF INTEREST. THE EXISTENCE OF UNUSUAL CIRCUMSTANCES THAT COULD JUSTIFY APPROVAL OF A POTENTIAL CONFLICT MUST BE REVIEWED AND APPROVED IN WRITING. Form 990, Part VI, Section B, line 15a COMPENSATION OF THE PRESIDENT IS REVIEWED AND APPROVED ANNUALLY BY A COMMITTEE OF THE BOARD OF DIRECTORS. PERIODICALLY, THE BOARD UTILIZES AN EXTERNAL CONSULTANT TO ADVISE AS TO THE APPROPRIATE LEVEL OF THE PRESIDENT'S COMPENSATION. Form 990, Part VI, Section C, line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C UNCHANGED DOWNTOWN FORT WORTH INC 777 TAYLOR ST STE 100 FORT WORTH TX 76102 751820114 ENCOURAGE THE CIVIC, SOCIAL AND GENERAL WELFARE OF THE CITY OF FORT WORTH TX 501(c)(6) 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 DOWNTOWN FORT WORTH INC D 55500 DOWNTOWN FORT WORTH INC M 17038 DOWNTOWN FORT WORTH INC N 61411 DOWNTOWN FORT WORTH INC O 92633 DOWNTOWN FORT WORTH INC R 55500