HISTORIC SOUTHSIDE INCORPORATED

EIN: 752123545 501(c)(3)

Fort Worth, TX

Total Revenue
$609,229
Total Expenses
$597,877
Total Assets
$191,208
Net Assets
$131,208
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
TX
Principal Officer
Michael Brennan
Phone
8179231649
Tax Period
2023-01-01 to 2023-12-31

HISTORIC SOUTHSIDE INCORPORATED, founded in 1985, is a small nonprofit that reported $609K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum.

Mission

Historic Southside, Inc. is a 501(c)(3) non-profit organization dedicated to the ongoing redevelopment of Fort Worth's Near Southside as a vibrant, urban, mixed-use neighborhood. This is accomplished through the production of public cultural events, and the implementation of targeted initiatives that invest in public spaces; promote the arts and historic preservation; expand housing choices; and initiate new community partnerships.

Program Service Accomplishments

Program 1
Expenses: $369,511 Revenue: $390,579

Community Events - Providing free, safe activities and promoting public spaces for the Near Southside community. HSI produces the annual ArtsGoggle festival, the Friday on the Green and Lost 'N Sound...

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Community Events - Providing free, safe activities and promoting public spaces for the Near Southside community. HSI produces the annual ArtsGoggle festival, the Friday on the Green and Lost 'N Sound live music series, and Open Streets community events. ArtsGoggle began in 2002 as an indoor gallery night and has grown into a street festival that spans a mile of Near Southside's prominent Magnolia Avenue. Highlighting local artists, this family-friendly event hosts more than 1,000 visual artists, 50 musical performances, artistic displays of every kind, food, drink, and fun for everyone. ArtsGoggle attracts over 80,000 visitors to the Near Southside. Friday on the Green is a free, community concert series produced annually in the spring/fall at the Magnolia Green park. Open Streets is a 6-hour annual event that closes Magnolia Avenue to vehicles and opens the streets for cyclists, scooters, strollers, food trucks, dog walkers, skateboarders, yoga classes, face painters and free activities hosted by local businesses. Open Streets has grown to be one of the Near Southside's most beloved community events with attendance in the thousands and more than 150 community partners providing free activities for our patrons.

Program 2
Expenses: $95,848 Revenue: $84,550

Public Space Beautification - Creating special places for people is an essential component of the Near Southside's revitalization and continued community development. Public space projects in 2023...

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Public Space Beautification - Creating special places for people is an essential component of the Near Southside's revitalization and continued community development. Public space projects in 2023 included continued renovation and improvement of the South Main MicroPark and the South Main Squeeze pedestrian plaza, two active social and leisure spaces for visitors to South Main Village. As a complement to these outdoor public space improvements, the organization also led a wide range of public art exhibitions and educational programs at The Pool, a community art gallery on 8th Avenue and a primary focus of our Art South initiative.

Program 3
Expenses: $128,600 Revenue: $128,600

Summer Swim Program - Each year HSI administers a grant from the Rainwater Charitable Foundation which provides funding for structured swimming lessons through the City of Fort Worth Parks and...

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Summer Swim Program - Each year HSI administers a grant from the Rainwater Charitable Foundation which provides funding for structured swimming lessons through the City of Fort Worth Parks and Recreation Department's Mobile Recreation Summer Day Camp. Historic Southside, Inc. receives a fee of 10% for its services administering the program. In 2023, several hundred swimmers participated in the program.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $432,185
Program Service Revenue $177,044
Investment Income $0
Other Revenue $0
TOTAL REVENUE $609,229

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $593,959
Other Expenses $597,877
TOTAL EXPENSES $597,877

Year-over-Year Comparison

2023 2022 Change
Revenue $609,229 $454,189 +0.3%
Expenses $597,877 $1,064,187 -0.4%
Net Income $11,352 $-609,998 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
44
Independent Members
44
Employees
N/A
Volunteers
200

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$150,893
Total Directors
43
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Brennan President 5
Officer
$0 $9,843 $150,893
Richard Cervenka Director 1
Director
$0 $0 $0
Bruce Davis Director 1
Director
$0 $0 $0
Marty Englander Director 1
Director
$0 $0 $0
Colleen Fischer Director 1
Director
$0 $0 $0
Mike Fisher Director 1
Director
$0 $0 $0
Jeff Guinn Director 1
Director
$0 $0 $0
Jennifer Henderson Director 1
Director
$0 $0 $0
Tina Howard Director 1
Director
$0 $0 $0
Nicole Hunter Director 1
Director
$0 $0 $0
Ginger Johnson Director 1
Director
$0 $0 $0
Tareka Lofton Director 1
Director
$0 $0 $0
Charlie Powell Director 1
Director
$0 $0 $0
Ryon Price Director 1
Director
$0 $0 $0
Jake Richter Director 1
Director
$0 $0 $0
Amanda Schulte Director 1
Director
$0 $0 $0
Spencer Seals Director 1
Director
$0 $0 $0
William Seegel Director 1
Director
$0 $0 $0
Brent Sparks Director 1
Director
$0 $0 $0
Jason Williamson Director 1
Director
$0 $0 $0
Chad Kerr Director 1
Director
$0 $0 $0
Katrina Carpenter Director 1
Director
$0 $0 $0
Meredith Flores Director 1
Director
$0 $0 $0
Will Northern Director 1
Director
$0 $0 $0
Samantha Renz Director 1
Director
$0 $0 $0
Jerod Rankin Director 1
Director
$0 $0 $0
Norma Salinas Director 1
Director
$0 $0 $0
Shawn Tubre Director 1
Director
$0 $0 $0
Corey Wilson Director 1
Director
$0 $0 $0
Shelby Anderson Director 1
Director
$0 $0 $0
Jack Clark Treasurer 2
Officer Director
$0 $0 $0
Michael Sanborn Vice Chair 2
Officer Director
$0 $0 $0
Ken Schaefer Secretary 2
Officer Director
$0 $0 $0
Chuck Bouligny Chair 2
Officer Director
$0 $0 $0
Bobby Grigsby Director 1
Director
$0 $0 $0
Joaquin Anon Suarez Director 1
Director
$0 $0 $0
Judy Bernas Director 1
Director
$0 $0 $0
Jerome Embry Director 1
Director
$0 $0 $0
Rian Maguire Director 1
Director
$0 $0 $0
Brandon Purty Director 1
Director
$0 $0 $0
Erika Ramos Director 1
Director
$0 $0 $0
Arthur Santa-Maria Director 1
Director
$0 $0 $0
Amy Thanpaisarnsamut Director 1
Director
$0 $0 $0
Lexington Wright Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $609,229 $597,877 $191,208 $11,352
2022 $454,189 $1,064,187 $250,033 $-609,998
2021 $550,796 $167,590 $831,731 $383,206
2020 $318,865 $197,358 $361,658 $121,507
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