Houston Freedmens Town Conservancy Inc
- Assets
- $963.2k
- Revenue
- $677.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Houston, TX
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 83-2421452
Organization Overview
Houston Freedmens Town Conservancy Inc is located in Houston, TX. The organization was established in 2019. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Houston Freedmens Town Conservancy 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 12/2022, Houston Freedmens Town Conservancy Inc generated $677.0k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $297.4k during the year ending 12/2022. While expenses have increased by 52.8% 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
TO PROTECT AND PRESERVE FREEDMEN'S TOWN'S HISTORY FOR FUTURE GENERATIONS' BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CONSERVANCY'S INITIATIVES SEEK TO ADDRESS THE FOLLOWING COMMUNITY PRIORITIES.HISTORIC PRESERVATION & BUILDING A RESILIENT COMMUNITY - THIS INITIATIVE WORKS WITH COMMUNITY AND CIVIC PARTNERS TO PREVENT THE DEMOLITION OF HISTORIC STRUCTURES, ADVOCATES FOR POLICY CHANGES AND ORDINANCES, AND INCLUDES DISTRICT-LEVEL PLANNING EFFORTS, CAPITAL IMPROVEMENTS, HISTORICALLY RESPECTFUL DEVELOPMENT, AND THE OPERATIONS AND MAINTENANCE OF HOUSTON'S FIRST HERITAGE DISTRICT.SEE SCHEDULE O.HERITAGE TOURISM & ENGAGING EXPERIENCES - THIS INITIATIVE ORGANIZES AND IMPLEMENTS PROGRAMS, EVENTS, AND ACTIVITIES THAT PROMOTE THE STORY OF FREEDOM FROM THE FORTHCOMING COMMUNITY RESOURCE HUB, THE FREEDMEN'S TOWN VISITORS CENTER. TOURS OF THE HERITAGE DISTRICT ARE PROVIDED, AND PLANNING IS UNDERWAY FOR HISTORIC MARKERS, WAYFINDING, SIGNAGE, AND DIGITAL TOOLS TO ENGAGE VISITORS AND LOCALS ALIKE.EDUCATION & CITIZEN EMPOWERMENT - WITH THIS INITIATIVE, THE CONSERVANCY EFFECTIVELY EMPOWERS THE COMMUNITY TO PARTICIPATE IN POLITICAL/DECISION-MAKING PROCESSES. EQUALLY, THE CONSERVANCY EDUCATES ALL EXTERNAL STAKEHOLDERS ON HOW TO PARTNER WITH THE COMMUNITY FOR EQUITABLE OUTCOMES.COLLABORATIVE LEADERSHIP & NETWORKING - THE CONSERVANCY ENCOURAGES COLLABORATION AND NETWORKING THROUGH THIS INITIATIVE. IT ENGAGES AND SUPPORTS HERITAGE DISTRICT RESIDENTS, STAKEHOLDERS, PARTNERS, AND ALLIES IN SUCH A WAY AS TO PROVIDE NEW EXPERTISE, BUILD RELATIONSHIPS, AND FOSTER LONG-TERM STEWARDSHIP AND SUSTAINABILITY.ORGANIZATIONAL GROWTH & EFFECTIVENESS - WITH THIS INITIATIVE, THE CONSERVANCY ADDS INTERNAL CAPACITY, ACHIEVES OPERATIONAL SUSTAINABILITY, AND BECOMES FINANCIALLY SOUND. INCREASED ORGANIZATIONAL CAPACITY WILL ENABLE THE CONSERVANCY TO ENGAGE IN EDUCATIONAL AND CULTURAL PROGRAMMING, EXPAND PUBLIC OUTREACH, AND ECONOMICALLY EMPOWER RESIDENTS OF FREEDMEN'S TOWN. SUSTAINABLE FUNDING REQUIRES A ROBUST AND SUSTAINABLE OPERATIONAL PARTNER WITHIN THE HERITAGE DISTRICT TO ENSURE ECONOMIC GROWTH FOR FREEDMEN'S TOWN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Lawal President | OfficerTrustee | 5 | $0 |
Harry Johnson Vice President | OfficerTrustee | 3 | $0 |
Lauren Randle Secretary | OfficerTrustee | 2 | $0 |
Daimian Hines Treasurer | OfficerTrustee | 3 | $0 |
Bill Baldwin Member | Trustee | 3 | $0 |
Jacqueline Bostic Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,910 |
| All other contributions, gifts, grants, and similar amounts not included above | $649,476 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $672,386 |
| Total Program Service Revenue | $2,400 |
| Investment income | $2,165 |
| 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 | $676,951 |
| 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. | $84,700 |
| Compensation of current officers, directors, key employees. | $16,056 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,211 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $6,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,138 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,024 |
| Advertising and promotion | $16,941 |
| Office expenses | $10,205 |
| Information technology | $5,999 |
| Royalties | $0 |
| Occupancy | $18,399 |
| Travel | $1,602 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,586 |
| Interest | $1,084 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,352 |
| All other expenses | $1,329 |
| Total functional expenses | $297,422 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $378,205 |
| Pledges and grants receivable | $66,017 |
| 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 | $4,412 |
| Net Land, buildings, and equipment | $514,553 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $963,187 |
| Accounts payable and accrued expenses | $40,488 |
| 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 | $203,582 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $244,070 |
| Net assets without donor restrictions | $554,672 |
| Net assets with donor restrictions | $164,445 |
| Capital stock or trust principal, or current funds | $0 |
| 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 | $963,187 |