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Fourth Avenue Foundation Inc

Tucson, AZ · EIN 833026884 · Form 990 · FY2020 · NTEE P20 · Human Services · Small ($100K-$1M) · fourthavenuefoundation.org
revenue
$478K
expenses
$452K
net assets
$28K
employees
0
volunteers
6
program ratio
99%
mission · from form 990

Helping to further improve function and aesthetic values of the Historic Fourth Avenue Business District and surrounding neighbors, both commercial and residential.

profile · synthesized from sources

Fourth Avenue Foundation Inc. is a 501(c)(3) nonprofit organization that supports the North Fourth Avenue Merchants Association in Tucson, Arizona. It works to preserve the culture, community, and traditions of the Historic Fourth Avenue Business District. The foundation secures grants and donations to support local small businesses and infrastructure improvements within the district.

named programs · 4 · from sources

what they call their work

COVID-19 Crisis Support
Secured grants to support local small businesses during the COVID-19 crisis.
Fourth Avenue Street Fairs Preservation
Efforts to preserve the bi-annual Fourth Avenue Street Fairs, which generate significant economic impact.
Historic District Designation
Worked with consultants and the City of Tucson to nominate portions of Fourth Avenue as a Historic District to the National Register of Historic Places.
Infrastructure Improvement Projects
Representation on City of Tucson Committees to address projects such as the Underpass Replacement Project, Storm Drain improvements, Community Art Features, Maclovio Barraza Parkway, and the Modern Streetcar development.
activities · 2 groups

what they do

  • Nonprofit Formation & Incubation 1 activity
    • Secured tax-exempt status for the foundation
      Successfully obtained IRS 501(c)(3) designation for the Fourth Avenue Foundation, Inc., enabling its operation as a nonprofit entity.
  • Uncategorized 7 activities
    • Grant Acquisition and Distribution for Local Businesses
      Secures and distributes grants, including half a million dollars, to support local small businesses, improve local infrastructure, and aid during crises like COVID-19.
    • Grant acquisition for small business support during crises
      Secured grants to support local small businesses during the COVID-19 crisis, providing critical financial assistance to sustain operations.
    • Infrastructure and merchant grant funding
      Secured half a million dollars in grants to support local merchants and improve community infrastructure, enhancing economic resilience and physical assets in the district.
    • Preservation of Fourth Avenue Street Fairs
      Preserves the bi-annual Fourth Avenue Street Fairs, which have generated over a billion dollars in economic impact.
    • Preservation of Fourth Avenue Street Fairs
      Preserved the bi-annual Fourth Avenue Street Fairs, which generated over a billion dollars in economic impact, ensuring continuity of a key community and economic event.
    • Support for Fourth Avenue Merchants Association
      Supports the Fourth Avenue Merchants Association in preserving the culture, community, and traditions of the Historic Fourth Avenue District.
    • Support for Historic Fourth Avenue District preservation
      Supports the Fourth Avenue Merchants Association in preserving the culture, community, and traditions of the Historic Fourth Avenue District through organizational and programmatic backing.
financials · form 990 · fy2020
revenue
Total revenue$478K
Contributions & grants$478K100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$452K
Program expenses99%
Admin / overhead1%
Fundraising0%
Salaries & benefits$0
Grants paid out$260K
Largest expense lineFacilities
balance sheet
Total assets$245K
Cash$83K
Investments$0
Liabilities$216K
Net assets$28K
Liquid reserves2.2 mo
1 years on record · 2020–2020
leadership · form 990 part vii · fy2020

who runs it

board members · 4
  • Craig Wilson — Director
  • Daniel Matlick — President and Executive Direc
  • Lizzie Mead — Director
  • Tim Cronin — Director
relationships · 3

who they work with

  • Fourth Avenue Merchants Association Partner — Receives support from the Fourth Avenue Foundation to preserve the historic district's culture, community, and traditions.
  • Fourth Avenue Merchants Association Partner — Supports the work of the Fourth Avenue Merchants Association.
  • North Fourth Avenue Merchants Association (FAMA) Partner — Daniel Matlick served as a Board Director and President for most of the last 26 years and persuaded the board to form the Fourth Avenue Foundation, Inc.