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Nonprofiteer
← MUSIC CITY INC

Form 990 for tax year 2024

Filed by MUSIC CITY INC.

Totals

Total revenue
$11,095,223
Total expenses
$11,046,265
Contributions and grants received
$10,832,293
Grants paid
$37,944
Program service revenue
$237,118
Investment income
$25,812
Other revenue
$0
Total assets, end of year
$2,455,745
Total liabilities, end of year
$1,887,462
Net assets or fund balances, end of year
$568,283
Program services expenses (Part IX)
$10,921,541
Management and general expenses
$52,563
Fundraising expenses
$72,161
Program service expenses (Part III)
$10,921,541

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Deana Ivey

    Board Member/CEO

    Total calculated
    $819,761
    From this org
    $0
    From related orgs
    $776,436
    Other
    $43,325
    Hours/week
    8 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $416,000 related
    Bonus
    $0 + $351,400 related
    Other
    $0 + $9,036 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $22,625 related
    Filer's total
    $0 + $819,761 related
  • Jeff Mefford

    Board Member/CFO

    Total calculated
    $390,170
    From this org
    $0
    From related orgs
    $347,100
    Other
    $43,070
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,600 related
    Bonus
    $0 + $79,400 related
    Other
    $0 + $5,100 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $22,370 related
    Filer's total
    $0 + $390,170 related
  • Mary Arnold

    Board Member

    Total calculated
    $295,327
    From this org
    $0
    From related orgs
    $254,417
    Other
    $40,910
    Hours/week
    8 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $188,894 related
    Bonus
    $0 + $61,400 related
    Other
    $0 + $4,123 related
    Deferred
    $0 + $12,666 related
    Nontaxable benefits
    $0 + $28,244 related
    Filer's total
    $0 + $295,327 related
  • Bonna Johnson

    Board Member

    Total calculated
    $218,742
    From this org
    $0
    From related orgs
    $185,603
    Other
    $33,139
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0 + $153,444 related
    Bonus
    $0 + $31,400 related
    Other
    $0 + $759 related
    Deferred
    $0 + $9,832 related
    Nontaxable benefits
    $0 + $23,307 related
    Filer's total
    $0 + $218,742 related
  • Doug Kreulen

    Board Member/Chair

    Total calculated
    $0
    Hours/week
    4
  • Laura Hollingsworth

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Hugh Anderson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Mignon Francois

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Seamus Ross

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Shawn McSpadden

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Ben Olin

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Courtney Ross

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Ellen Pryor

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Amy Seigenthaler Pierce

    Board Member

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
No compensation was paid by the reporting organization.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • To create a maintenance fund for the current owners of the building which housed the historic Club Baron in the mid-20th century. The building is one of the last remaining structures that housed music venues that were a part of the Chitlin Circuit where many famous minority musicians such as Etta James and Jimi Hendrix began their careers. The building had fallen into disrepair and was in danger of being lost.

  • To support the work of caring for hospitality industry workers who are in crisis. These workers are the backbone of the 2nd largest industry in Nashville.

  • To support the recipient's mission of caring for Nashville's food and beverage service employees who are experiencing times of primarily medical crisis. These employees form the backbone of Nashville's 2nd largest industry.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
31 March 2026
IRS schema version
2024v5.0
Source object
202640909349300544

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