2024-07-15T14:28:46-05:00 2023-09-30 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2022-10-01 742489885 CITY CENTER WACO CENTER INCUBATOR CITY 2547548898 801 ELM AVE WACO TX 76704 EVERETT PHIPPS TREASURER 2547548898 2024-07-02 1 EVERETT PHIPPS 999009999 1 NANCY A LIVINGSTON P00044678 2547764190 2024-07-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EVERETT PHIPPS 801 ELM AVE WACO TX 76704 374840 0 X NONE X 1988 TX TO SUPPORT POTENTIAL AND EXISTING BUSINESSES IN MCLENNAN AND SURROUNDING COUNTIES, ESPECIALLY IN DISADVANTAGED AREAS. TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH INNOVATION, COORDINATION, AND COLLABORATION. 15 15 3 0 0 0 0 365560 0 0 240830 5534 8291 3746 249121 374840 0 0 0 0 106252 123043 0 0 0 406533 344630 512785 467673 -263664 -92833 1477511 1337146 110257 62725 1367254 1274421 NONE 0 0 13251 COMMUNITY ENGAGEMENT: PROVIDING PLANNING, ENGAGEMENT AND EDUCATION TO COMMUNITY GROUPS, NEIGHBORHOOD ASSOCIATIONS, RESIDENTS, SMALL BUSINESSES AND DEVELOPERS TO ENCOURAGE COMMUNITY-SERVING, AFFORDABLE AND EQUITABLE DEVELOPMENT OF BUSINESSES AND OTHER SERVICES 137810 COMMUNITY REDEVELOPMENT: ACQUISITION AND RENOVATION OF PROPERTY FOR DEVELOPMENT OF COMMUNITY RESOURCES INCLUDING AFFORDABLE HOUSING AND SMALL BUSINESS INCUBATION 113959 REJUVENATION OF DOWNTOWN AS A COMMUNITY GATHERING PLACE INCLUDING MAKING IT SAFER WITH LIGHTING AND SECURITY PATROLS, MORE APPEALING THROUGH REMOVAL OF GRAFFITI AND LANDSCAPING, PROVISION OF A DOWNTOWN AREA SHUTTLE FROM PARKING AREAS TO THE COMMERCE AREAS, MARKETING AND SIGNAGE. THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO THE DOWNTOWN AREA'S ANNUAL WINTER WONDERLAND, WHICH ATTRACTS THE PUBLIC TO THE DOWNTOWN AREA. THE ORGANIZATION HAD APPROXIMATELY 40 VOLUNTEERS CONTRIBUTING OVER 800 HOURS OF VOLUNTEER TIME ASSISTING CITY CENTER WACO DURING THE FISCAL YEAR. 265020 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 X THE ORGANIZATION 2547548898 801 ELM AVENUE WACO TX 76704 X BERNADETTE HOOKHAM DIRECTOR 1.00 X 0 0 0 EVERETT PHIPPS TREASUER 1.00 X 0 0 0 ANDREA KOSAR DIRECTOR 1.00 X 0 0 0 BEN LACY PRESIDENT 1.00 X 0 0 0 CARLA DOTSON SECRETARY 1.00 X X 0 0 0 CUEVAS PEACOCK VICE PRESIDENT 1.00 X 0 0 0 DILLON MEEK DIRECTOR 1.00 X 0 0 0 EDUARDO GARCIA DIRECTOR 1.00 X 0 0 0 FERNANDO ARROYO PRIOR PRESIDENT 1.00 X X 0 0 0 GEORGE CHASE DIRECTOR 1.00 X 0 0 0 JOHN BIBLE DIRECTOR 1.00 X 0 0 0 JOHN CALAWAY DIRECTOR 1.00 X 0 0 0 PATRICIA MILLER DIRECTOR 1.00 X 0 0 0 LINDA WEAVER DIRECTOR 1.00 X 0 0 0 MALCOLM DUNCAN DIRECTOR 1.00 X 0 0 0 AFRICA TARVER EXECUTIVE DIRECTOR 40.00 X 0 0 0 0 0 0 0 0 0 0 0 365560 365560 5534 5534 3600 0 3600 3600 3600 MISCELLANEOUS INCOME 900099 146 146 146 374840 3746 0 5534 X 114600 85950 28650 8443 6332 2111 79993 79993 144161 90215 53946 67000 50250 16750 11157 7605 3552 26402 19222 7180 1555 1555 4889 4889 MEMBERSHIPS & DUES 5582 5582 REAL ESTATE INVESTMENT 3891 3891 467673 265020 202653 0 929715 648219 244117 394916 255023 133674 134061 121349 158994 158994 10624 13668 1477511 1337146 110257 62725 110257 62725 X 1367254 1274421 1367254 1274421 1477511 1337146 -92833 0 X 0 1 X 1 0 X 409042 707509 469481 365560 1951592 409042 707509 469481 365560 1951592 1951592 4495 2788 4058 8868 9280 29489 1981081 0.98510 0.98200 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10010 10010 209857 104592 105265 35156 29082 6074 121349 ASSETS HELD FOR SALE 158994 C 158994 X 374840 0 374840 0 374840 467673 0 467673 0 467673 PART X, LINE 2: CITY CENTER WACO IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; HOWEVER, CERTAIN INCOME IS RECOGNIZED AS UNRELATED BUSINESS INCOME AND IS SUBJECT TO FEDERAL INCOME TAX EACH YEAR. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE MEASURED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE ORGANIZATION RECORDS INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN MANAGEMENT AND GENERAL EXPENSES. THERE WERE NO INTEREST AND PENALTIES FOR 2023 AND 2022. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S BOARD OF DIRECTORS HAVE NO COMMITTEES WITH AUTHORITY TO ACT ON THEIR BEHALF. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS SUBMITTED TO THE EXECUTIVE DIRECTOR FOR REVIEW. THE RETURN IS ONLY SUBMITTED TO THE BOARD OF DIRECTORS IF THE EXECUTIVE DIRECTOR IDENTIFIES CONCERNS OR DISCREPANCIES IN HIS/HER REVIEW. 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 IX, LINE 11G CONTRACT SERVICE FEES: PROGRAM SERVICE EXPENSES 45,000. MANAGEMENT AND GENERAL EXPENSES 53,946. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 98,946. ECONOMIC DEVELOPMENT: PROGRAM SERVICE EXPENSES 45,215. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 45,215.