Grapevine Township Revitalization Project Inc is located in Grapevine, TX. The organization was established in 1997. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Grapevine Township Revitalization Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, Grapevine Township Revitalization Project Inc generated $99.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 47.7% each year . All expenses for the organization totaled $21.5k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE CULTURAL HERITAGE OF THE ORIGINAL TOWNSHIP OF THE CITY OF GRAPEVINE THROUGH PRESERVATION, RESTORATION, REHABILITATION, AND/OR RECONSTRUCTION OF HISTORIC HOMES IN THE ORIGINAL TOWNSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MATCHING GRANT PROGRAM: GRANTS FOR EXTERIOR REVITALIZATION OF THE HISTORIC HOMES WITHIN THE TOWNSHIP ARE AVAILABLE ON A 2 TO 1 MATCHING BASIS UP TO $10,000 FOR OWNER-OCCUPIED HOUSES AND ON A 1 TO 1 MATCHING BASIS FOR RESIDENTIAL RENTAL HOUSES. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2021, THE ORGANIZATION AWARDED $20,000 IN OWNER OCCUPIED HOUSING GRANTS. NO RESIDENTIAL RENTAL GRANTS WERE AWARDED DURING THIS FISCAL YEAR.
REHABILITATION PROGRAM: THROUGH THE REHABILITATION PROGRAM, THE ORGANIZATION WILL ACCEPT THE DONATION OF A HISTORIC HOUSE (THAT IS OTHERWISE IN DANGER OF DEMOLITION), RELOCATE THE HOUSE WITHIN THE BOUNDARIES OF THE TOWNSHIP, REHABILITATE THE HOUSE AND MAKE IT AVAILABLE FOR SALE AS A RESIDENCE. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2021, THE ORGANIZATION COMPLETED REHABILITATION ON AND SOLD 1 HOUSE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Bruno Rumbelow President | OfficerTrustee | 0.25 | $0 |
Paul W Mccallum Secretary | OfficerTrustee | 0.25 | $0 |
Don Dixon Director | Trustee | 0.25 | $0 |
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 | $20,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $20,000 |
Total Program Service Revenue | $0 |
Investment income | $179 |
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 | $78,990 |
Miscellaneous Revenue | $0 |
Total Revenue | $99,169 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $20,000 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $1,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $21,500 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $416,782 |
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 | $0 |
Total assets | $416,782 |
Accounts payable and accrued expenses | $20,000 |
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 | $20,000 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $396,782 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $416,782 |
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