Clearfork Association Inc
- Assets
- $286.9k
- Revenue
- $618.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- Data as of
- 12/2022
- EIN
- 26-3701979
Organization Overview
Clearfork Association Inc is located in Fort Worth, TX. Clearfork Association Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Clearfork Association Inc generated $618.1k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $634.8k during the year ending 12/2022. While expenses have increased by 7.1% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLEARFORK ASSOCIATION INC WAS CREATED TO PROMOTE THE HEALTH, SAFETY ANDWELFARE OF THE COMMUNITY AND DEVELOP THE COMMON GOOD BY ENGAGING IN THEFOLLOWING CIVIC BETTERMENTS:A. TO ACT AS AGENT FOR THE OWNERS OF PROPERTY WITHIN CLEARFORK.B. TO EXERCISE ALL POWERS WHICH MAY BE NECESSARY OR CONVENIENT TO THEOPERATION, MANAGEMENT, MAINTENANCE AND ADMINISTRATION OF THE AFFAIRS OFTHE ASSOCIATION AND TO PROMOTE GOOD FELLOWSHIP AND CIVIC RESPONSIBILITYAMONG THE ASSOCIATION, OWNERS AND THE COMMUNITY.C. TO HAVE AND EXERCISE ANY AND ALL POWERS, RIGHTS AND PRIVILEGES ANON-PROFIT CORPORATION ORGANIZED UNDER THE TEXAS BUSINESS ORGANIZATIONSCODE MAY NOW OR HEREAFTER EXERCISE TO BENEFIT THE COMMUNITY AND BRINGABOUT SOCIAL IMPROVEMENTS.D. INSOFAR AS PERMITTED BY LAW, TO PERFORM ANY OTHER ACT THAT, IN THEOPINION OF THE BOARD, WILL PROMOTE THE COMMON BENEFIT AND ENJOYMENT OFTHE COMMUNITY AND THE OWNERS AND/OR WILL PROVIDE FOR THE OPERATION ANDPROTECTION OF THE ASSOCIATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED RELATED TO LANDSCAPING AND MAINTENANCE OF CLEARFORKWHICH INCLUDES ACCESS TO COMMUNITY PARK AREAS THAT ARE OPEN TO THEPUBLIC - LANDSCAPING: $348,392., REPAIRS & MAINTENANCE: $14,512, SECURITY: $1,205, PROPERTY TAX: $2,167 UTILITIES: $58,583
EXPENSES RELATED TO COMMUNITY EVENTS SUCH AS FARMERS MARKET ANDEXERCISE ACTIVITIES FOR THE BENEFIT OF THE PUBLICCONTRACT LABOR: $6,125, EVENT EXPENSE - $17,333, BIKE SHARE SPONSORHIP & SIGNAGE: $11,912, BANK FEES: $600, RENT EXPENSE: $9,033, SUPPLIES: $15,135
EXPENSES RELATED TO THE DESIGN REVIEW BOARD TO ENSURE THE QUALITY OFCLEARFORK IS MAINTAINED AT EXCEPTIONAL STANDARDSDRC FEES/FACILITATION: $12,610
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Crawford H Edwards President | OfficerTrustee | 1 | $0 |
Paxton E Motheral Vice President | OfficerTrustee | 1 | $0 |
Sheryl Laboyteaux Secretary-Treas | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $618,100 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $618,100 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $100,153 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $423,930 |
| Advertising and promotion | $11,912 |
| Office expenses | $0 |
| Information technology | $1,805 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $25,067 |
| All other expenses | $1,101 |
| Total functional expenses | $634,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,895 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,000 |
| Total assets | $286,895 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $221,630 |
| Paid-in or capital surplus, or land, building, or equipment fund | $72,000 |
| Retained earnings, endowment, accumulated income, or other funds | -$6,735 |
| Total liabilities and net assets/fund balances | $286,895 |