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Fort Worth Local Development Corporation

EIN 75-2196027 · Fort Worth, TX

Public records raise at least one point you should look into before giving.

LegitimacyCautionRegistration and standingFinancial healthGood70 out of 100GovernanceWeak24 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE ORGANIZATION IS A NON-PROFIT INCORPORATED TO PROMOTE, SPONSOR, AND COORDINATE A WIDE RANGE OF ACTIVITIES CENTERED AROUND JOB CREATION AND ECONOMIC DEVELOPMENT WITHIN THE CITY OF FORT WORTH. UNDER THE TEXAS DEVELOPMENT CORPORATION ACT BY THE AUTHORITY OF THE FORT WORTH CITY COUNCIL.

Income
$224,415
Spending
$1.1 million
Spent on programs
100%
Reserves
75.2 months of spending
Largest source of income
investment income, 83%
Employees
0
Volunteers
0
Highest pay
$237,063, treasurer

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 70 out of 100.

  • Reserves

    35 of 35

    Spendable reserves would cover 75.2 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 380% of income.

  • Income trend

    0 of 15

    Income fell 54% on the year before.

  • Spending floor

    15 of 15

    100% of spending went to programs.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 24 out of 100.

  • Independent board

    5 of 25

    0 of 11 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $768,675 spent. CONTRACT SERVICES FOR VENDORS CITY OF FORT WORTH (AECOM- TEXAS A&M SOUTHEAST DOWNTOWN PROJECT) $765,000 AND WEAVER $3,675. REVENUE $31,654.39 GAS LEASE ROYALTIES, $6,000 PROGRAM INCOME, AND $186,760.97 INTEREST/INVESTMENT.
  2. $138,500 spent. URBAN MAIN PILOT PROGRAM TOTALING $138,500 GIVEN TO SOUTHEAST FORT WORTH INC AND FORT WORTH HISPANIC CHAMBER OF COMMERCE IN AGREEMENT FOR THE MAIN STREET PILOT PROGRAM GRANT. PILOT PROGRAM TO SUPPORT COMMUNITY ECONOMIC DEVELOPLMENT AND COMMERCIAL DISTRIC REVITALIZATION EFFORTS IN TWO CORRIDORS OF THE CITY OF FORT WORTH.
  3. $136,188 spent. CONTRACTUAL SERVICES TOTALLING $99,489 FOR VENDORS GRAHAM ROBINSON (MOWING AND LANDSCAPING SERVICES) AND THE DEC (ENTREPRENEURSHIP). OTHER CONTRACTUAL SERVICES TOTALLING $36,699 FOR VENDORS CAMP BOWIE DISTRICT (LAKE COMO PROJECT) AND CITY OF FORT WORTH (INTUIT QUICKBOOK SUBSCRIPTION)
  4. $30,000 spent. MARKETING AND RESEARCH TOTALLING $30,000 FOR VENDOR "BRAVER TOGETHER TARRANT" EXPENDITURES.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Caution.

    Not on the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since March 1989.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.