2025-06-10T16:52:25-05:00 2024-09-30 742533381 JAYNES REITMEIER BOYD & THERRELL PC 5400 BOSQUE BLVD STE 600 WACO TX 767104459 990 2023-10-01 742489885 CITY CENTER WACO CENTER INCUBATOR CITY 2547320043 25N COWORKING WACO TX 76701 EVERETT PHIPPS TREASURER 2547320043 2025-05-28 1 0 NANCY A LIVINGSTON P00044678 2547764190 2025-05-28 2023 2025-03-06 01:10:19Z EVERETT PHIPPS 25N COWORKING WACO TX 76701 368676 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 365560 359720 0 0 5534 8779 3746 177 374840 368676 0 0 0 0 123043 231232 0 0 0 344630 204465 467673 435697 -92833 -67021 1337146 1327874 62725 78475 1274421 1249399 NONE 0 0 11071 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 115135 COMMUNITY REDEVELOPMENT: ACQUISITION AND RENOVATION OF PROPERTY FOR DEVELOPMENT OF COMMUNITY RESOURCES INCLUDING AFFORDABLE HOUSING AND SMALL BUSINESS INCUBATION 95207 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. 221413 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 10 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 VICE PRESIDENT 1.00 X X 0 0 0 ANDREA KOSAR DIRECTOR 1.00 X 0 0 0 BEN LACY PRIOR PRESIDENT 1.00 X 0 0 0 CARLA DOTSON DIRECTOR 1.00 X 0 0 0 DOMINIQUE BOLTS SECRETARY 1.00 X X 0 0 0 JIM HOLMES DIRECTOR 1.00 X 0 0 0 WELDON GOODEN DIRECTOR 1.00 X 0 0 0 CONCHA LOZANO DIRECTOR 1.00 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 WILL JONES PRESIDENT 1.00 X X 0 0 0 LINDA WEAVER DIRECTOR 1.00 X 0 0 0 CHRIS MCGOWAN DIRECTOR 1.00 X 0 0 0 AFRICA TARVER EXECUTIVE DIRECTOR 40.00 X X 122708 0 0 122708 0 0 1 0 0 0 0 359720 359720 8779 8779 MISCELLANEOUS INCOME 900099 177 177 177 368676 177 0 8779 206599 154949 51650 9042 6782 2260 15591 11693 3898 92866 92866 40552 12553 27999 4165 3124 1041 11203 7187 4016 19311 15736 3575 3355 3355 18822 18822 MEMBERSHIPS & DUES 8002 8002 REAL ESTATE INVESTMENT 6034 6034 OTHER EXPENSES 155 155 435697 221413 214284 0 648219 660688 394916 89399 255023 144079 121349 110944 158994 459272 13668 7571 1337146 1327874 62725 78475 62725 78475 X 1274421 1249399 1274421 1249399 1337146 1327874 X -67021 41999 X 0 1 X 1 0 X 707509 469481 365560 359720 1902270 707509 469481 365560 359720 1902270 1902270 2788 4058 8868 9280 8956 33950 1936220 0.98250 0.98510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 10010 10010 209857 112850 97007 35156 31229 3927 110944 ASSETS HELD FOR SALE 459272 C 459272 X 368676 0 368676 0 368676 435697 0 435697 0 435697 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. CITY CENTER BRIDGE, LLC IS A TEXAS NONPROFIT CORPORATION WITH A SINGLE MEMBER, CITY CENTER WACO, AND THUS, IS A DISREGARDED ENTITY AND INCLUDED WITH CITY CENTER WACO FOR TAX REPORTING. 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 XI, LINE 9: PRIOR YEAR RESTATEMENT OF CONTRIBUTIONS & CITY OF WACO GRANT 41,999.