2024-03-28T14:29:58-07:00 2023-06-30 990 2022-07-01 342064764 MUSIC CITY INC MUSI 6152594708 500 11th Ave N Ste 650 Nashville TN 37203 Jeff Mefford CFO 6152594708 2024-03-28 Jeff Mefford 999009999 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Deana Ivey 500 11 Ave N Ste 650 Nashville TN 37203 9378368 0 X X 2006 TN Enhance the music environment of Nashville by providing music-related events and services to the general public and to the Metropolitan Government of Nashville 15 11 0 20 0 0 7707796 9168616 222652 209677 56 75 0 0 7930504 9378368 8000 10796 0 0 0 0 1987 0 49833 7809054 9354527 7819041 9365323 111463 13045 1837848 1916814 1368093 1434014 469755 482800 Enhance the music environment of Nashville and lessen the burden on government by producing music related events and other related services for the general public, and providing event related supplies and services to the Metro Government of Nashville. 0 0 5104313 0 156137 Produced the annual public New Year's Eve event - Nashville's Big Bash, providing free live music and fireworks for the general public to bring the city together and celebrate the transition into the new year. 3027913 0 53240 Produced the annual free public July 4th concert and fireworks display on behalf of the city of Nashville at Riverfront Park in downtown Nashville. 516942 0 0 On behalf of the Metropolitan Government of Nashville, produced multiple live music entertainment events that were free and open to the public to bring together the citizens of the city to celebrate the success of local professional and amateur sports teams. 263451 0 0 Completed the restoration and renovation of the historic building on Jefferson Street in Nashville that served as the home to historic Club Baron, where many prominent black entertainers performed in the mid 20th century. 195500 0 300 Provided physical site maintenance and new induction ceremonies for the Music City Walk of Fame, which memorializes and celebrates individuals and groups that have made a significant impact on the music industry and culture of the city. 136859 0 0 Served as the fiscal agent for the local host committee for the 2022 National Black Caucus - Local Elected Officials annual conference, which was held in Nashville. 10000 10000 10000 Provided support to the widow of a local historic music icon who has been essential in carrying the Music City brand around the world through music. 2083 0 0 Provided communications services and other event production assistance to the Metropolitan Government of Nashville. 0 0 0 Worked with the Career Academies of Nashville, particularly on the hospitality career path. This career path is included in 5 high schools throughout Metro Nashville, and encourages students to consider hospitality as a career by incorporating career elements into current curriculum and providing them hands-on training and experience at industry businesses. This academy is particularly important to the industry as it will help provide a steady stream of prepared candidates into the workforce for current businesses to support our growing capacity. 607893 10000 10300 9257061 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 101 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X X Nashville Convention and Visitors Bureau 6152594708 500 11th Ave N Ste 650 Nashville TN 37203 Christopher Spyridon Board Member/CEO 8 50 X X 0 1095523 285016 Deana Ivey Board Member/President 8 50 X X 0 448793 39660 Jeff Mefford Board Member/CFO 8 40 X X 0 272694 35853 Mary Arnold Board Member 8 40 X 0 203046 37366 Doug Kreulen Board Member/Chair 4 0 X 0 0 0 Laura Hollingsworth Board Member 1 0 X 0 0 0 Jeff Pennington Board Member 1 0 X 0 0 0 Hugh Anderson Board Member 1 0 X 0 0 0 Greg Hill Board Member 1 0 X 0 0 0 Mignon Francois Board Member 1 0 X 0 0 0 Seamus Ross Board Member 1 0 X 0 0 0 Sally Williams Board Member 1 0 X 0 0 0 Fabrizio Calvo Board Member 1 0 X 0 0 0 Dr Turner Nashe Board Member 1 0 X 0 0 0 Molly Shehan Board Member 1 0 X 0 0 0 0 2020056 397895 0 0 1 0 Sunbelt Rentals 2341 Deerfield Dr Fort Mills SC 29715 Heavy equipment rental services 723613 Pyro Shows PO Box 1776 LaFollette TN 37766 Pyrotechnic services 355629 Moo TV PO Box 120792 Nashville TN 37212 Video equipment and production svcs 345970 Crew One Productions 750 Cowan St Nashville TN 37207 Stage construction labor services 340921 Premier Global Production Co 730 Gallatin Pike N Madison TN 37115 Stage equipment rental services 275000 32 0 0 0 73550 7639360 1455706 0 9168616 Music City New Year's Eve Event 711300 156137 156137 0 0 Music City July 4th Celebration 711300 53240 53240 0 0 Music City Walk of Fame Proceeds 711300 300 300 0 0 0 0 0 0 209677 75 0 0 75 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9378368 209677 0 75 796 796 10000 10000 0 0 0 0 7000 7000 3767 2172 1595 40 40 8921070 8871237 49833 36592 36592 Jefferson St Elks Lodge Bldg Restoration 262654 262654 0 0 Music City Walk of Fame Maintenance 64062 64062 0 0 Hosting Nat'l Black Caucus LEO Meeting 46100 46100 0 0 Taxes and licenses 13242 0 13242 0 9365323 9257061 58429 49833 156974 49907 13311 7000 1568209 1797145 185462 122700 99354 62762 1837848 1916814 252224 362223 1115869 926450 0 145341 1368093 1434014 X 469755 482800 0 0 469755 482800 1837848 1916814 13045 0 0 0 0 0 X 0 1 X 1 0 X 7968046 9182461 816496 7707796 9168616 34843415 7968046 9182461 816496 7707796 9168616 34843415 4919143 29924272 447 562 77 56 75 1217 34844632 0.85879 0.70877 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 185462 122700 62762 0 0 0 0 62762 0 Payable to Related Organization 145341 145341 X 9387167 0 8800 0 0 8800 9378367 0 1 1 9378368 9614122 8800 0 0 240000 248800 9365322 0 1 1 9365323 Schedule D, Part X, Line 2 The Organization follows FASB ASC Guidance related to unrecognized tax benefits. The guidance clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The Organization has no tax penalties or interest reported in the accompanying financial statements. Schedule D, Part XI, Line 4b Audit rounding difference Schedule D, Part XII, Line 2d Current reimbursement of previous year expense Schedule D, Part XII, Line 4b Audit rounding difference 1 During the tax year, Dr. Paul Kwami, the musical director of the Fisk Jubilee Singers passed away. This ensemble is from Fisk University in Nashville, a HBCU institution with whom the reporting organization works very closely. The reporting organization made a grant to Mrs. Susanna Kwami in memory of Dr. Kwami in direct support of his funeral arrangements. 1 10000 0 Schedule I, Part I, Line 2 During the tax year, Dr. Paul Kwami, the musical director of the Fisk Jubilee Singers passed away. This ensemble is from Fisk University in Nashville, a HBCU institution with whom the reporting organization works very closely. The reporting organization made a grant to Mrs. Susanna Kwami in memory of Dr. Kwami in direct support of his funeral arrangements. 0 0 0 0 0 0 0 0 0 Christopher Spyridon Board Member/CEO 0 554416 0 519167 0 21940 0 268300 0 16716 0 1380539 0 0 Deana Ivey Board Member/President 0 341915 0 100000 0 6878 0 18300 0 21360 0 488453 0 0 Jeff Mefford Board Member/CFO 0 227593 0 40000 0 5101 0 16657 0 19196 0 308547 0 0 Mary Arnold Board Member 0 164030 0 35000 0 4016 0 10855 0 26511 0 240412 0 0 Schedule J, Part I, Line 3 No compensation was paid by the reporting organization. Form 990, Part VI, Section B, Line 11b After completion of our annual external audit, the Form 990 is prepared internally by the professional accounting staff of the reporting organization utilizing current reference resources. The process used in completing the form has been previously reviewed by our CPA firm as well as other experienced consultants. A draft of the completed Form 990 is made available to any board members that wish to review it prior to filing. Form 990, Part VI, Section B, Line 12c The reporting organization is a relatively small one and all financial transactions undergo multiple levels of internal review and approval. All board members and key staff members review our Conflict of Interest Policy annually and disclose any known past or current situations of potential conflict. These disclosures, if any, are reviewed by senior management individuals involved in approving and processing all transactions. Form 990, Part VI, Section B, Line 15 The reporting organization has no paid staff, but the CEO is compensated by a related organization which has an independent Compensation Committee of the board that reviews this person's compensation annually. Form 990, Part VI, Section C, Line 19 In general, other than as required by IRS regulations, the organization does not routinely make its governing documents and internal policies available to the general public. The financial results of the reporting organization are included in the consolidated audited financial statements that are provided by the Nashville Convention & Visitors Bureau to the Metropolitan Government of Nashville as required by contract. Nashville Convention & Visitors Bureau 500 11th Ave N Ste 650 Nashville TN 37203 020700616 Promote tourism and convention activity within Nashville TN 501(c)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Nashville Convention & Visitors Bureau n 0 The related organization controls the reporting organization through Board member nomination, and provides office space and minimal administrative function support required by the reporting organization, which has no staff of its own. Nashville Convention & Visitors Bureau o 0 The related organization provides volunteer administrative and event production services for the reporting organization which has no staff of its own. The reporting organization timely filed a Form 8868 Automatic Extension request, which was approved by the IRS.