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← CCCP COMMUNITY TRUST

Form 990 for tax year 2024

Filed by CCCP COMMUNITY TRUST.

Totals

Total revenue
$12,230,139
Total expenses
$12,466,859
Contributions and grants received
$11,140,182
Grants paid
$0
Program service revenue
$1,080,832
Investment income
$9,125
Other revenue
$0
Total assets, end of year
$7,137,798
Total liabilities, end of year
$5,221,898
Net assets or fund balances, end of year
$1,915,900
Program services expenses (Part IX)
$12,193,491
Management and general expenses
$273,368
Fundraising expenses
$0
Program service expenses (Part III)
$12,193,491

Program services were 97.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $11,140,182

  • 2a · Program service revenue: COMMUNITY EVENTS

    total $1,080,832 · related or exempt $1,080,832

  • 7a · Gross sales of assets other than inventory

    other assets $28,915

  • 7b · Less cost or other basis and sales expenses

    other assets $19,790

  • 7c · Gain or loss

    other assets $9,125

  • 7d · Net gain or loss

    total $9,125 · unrelated business $9,125

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $127,790 · program services $117,567 · management and general $10,223

  • 7 · Other salaries and wages

    total $616,148 · program services $607,918 · management and general $8,230

  • 9 · Other employee benefits

    total $6,089 · program services $5,602 · management and general $487

  • 10 · Payroll taxes

    total $19,783 · program services $18,200 · management and general $1,583

  • 11a · Fees: management

    total $42,630 · management and general $42,630

  • 11b · Fees: legal

    total $104 · management and general $104

  • 11g · Fees: other

    total $19,131 · program services $14,399 · management and general $4,732

  • 12 · Advertising and promotion

    total $176,458 · program services $34,044 · management and general $142,414

  • 13 · Office expenses

    total $22,224 · program services $6,702 · management and general $15,522

  • 14 · Information technology

    total $23,092 · program services $23,092

  • 16 · Occupancy

    total $24,026 · program services $22,104 · management and general $1,922

  • 19 · Conferences, conventions and meetings

    total $4,429 · program services $3,662 · management and general $767

  • 22 · Depreciation, depletion and amortization

    total $13,253 · program services $6,364 · management and general $6,889

  • 23 · Insurance

    total $17,129 · program services $5,165 · management and general $11,964

  • 24a · Other expenses: MCCOLL PARK COMMITTEE E

    total $8,645,504 · program services $8,645,504

  • 24b · Other expenses: EVENT CONTRACTED SERVIC

    total $1,197,967 · program services $1,197,967

  • 24c · Other expenses: UPTOWN VIBRANCY

    total $945,000 · program services $945,000

  • 24d · Other expenses: PARADE

    total $249,870 · program services $249,870

  • 24e · All other expenses

    total $316,232 · program services $290,331 · management and general $25,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,088,614 · end of year $4,233,746

  • 4 · Accounts receivable

    beginning of year $228,305 · end of year $2,880,567

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,581 · end of year $13,765

  • 10a · Land, buildings and equipment: cost or other basis

    $532,259

  • 10b · Land, buildings and equipment: accumulated depreciation

    $522,539

  • 10c · Land, buildings and equipment, net

    beginning of year $42,763 · end of year $9,720

  • 17 · Accounts payable and accrued expenses

    beginning of year $215,826 · end of year $2,711,898

  • 19 · Deferred revenue

    beginning of year $2,500,000 · end of year $2,510,000

  • 25 · Other liabilities

    beginning of year $6,085 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$102,831 · end of year $216,676

  • 28 · Net assets with donor restrictions

    beginning of year $1,742,183 · end of year $1,699,224

Mission and programs · 2024

Mission

THE MISSION OF CCCP COMMUNITY TRUST (CCCPCT) IS TO PROVIDE A PLATFORM FOR CITY-WIDE COMMUNITY-BUILDING ARTS, EDUCATION, SUSTAINABILITY, HEALTH AND WELLNESS INITIATIVES.

Activities or mission (Part I)

CCCP COMMUNITY TRUST (CCCPCT) BUILDS COMMUNITY USING INITIATIVES AROUND HEALTH & WELLNESS, ARTS, CULTURE, EVENTS, AND ENTERTAINMENT.

  • CCCPCT ENHANCES ARTS, CULTURAL AND ENTERTAINMENT OPPORTUNITIES IN CHARLOTTE BY CREATING INCLUSIVE ARTS EXPERIENCES. THIS IS ACCOMPLISHED BY CCCPCT DBA CHARLOTTE ARTSFEST, INC. THROUGH A RANGE OF COORDINATED FESTIVAL EVENTS SUCH AS THE NOVANT HEALTH THANKSGIVING EVE PARADE, AND CHARLOTTE SHOUT!. THE NOVANT HEALTH THANKSGIVING EVE PARADE IS THE CITY'S ANNUAL HOLIDAY PARADE ON THE NIGHT BEFORE THANKSGIVING, WHICH CCCPCT BEGAN PRODUCING IN 2013. IN ADDITION, CCCPCT SECURED SEVERAL GRANTS: TO ACTIVATE THE NORTH TRYON AREA, TO ENHANCE OUR MUSIC EVERYWHERE INITIATIVE TO PROVIDE AIDE TO THOSE IN THAT COMMUNITY AFFECTED BY THE PANDEMIC AND LASTLY TO SPONSOR ACTIVATION OF THE RAIL TRAIL.

    Expenses $12,193,491 · Revenue $1,016,188

  • CCCPCT WILL INVEST IN INITIATIVES THAT BUILD COMMUNITY THROUGH EDUCATION, HEALTH, WELLNESS, AND SUSTAINABILITY. THE FIRST MODEL PROGRAM TO SUPPORT THESE GOALS IS CCCPCT DBA CHARLOTTE B-CYCLE, MADE POSSIBLE BY BLUECROSS AND BLUESHIELD OF NORTH CAROLINA. THIS IS A BIKE SHARE PROGRAM FOR THE CITY OF CHARLOTTE TO SUPPORT HEALTHY AND SUSTAINABLE TRANSPORTATION CHOICES AND BETTER BIKE AWARENESS IN THE CITY. THIS PROGRAM IS A PUBLIC-PRIVATE PARTNERSHIP BETWEEN CCCPCT AND THE CITY OF CHARLOTTE. THE PROGRAM SUNSET AND CLOSED IN FEBRUARY 2025. THE FINANCIALS CLOSED IN JUNE 2025.

    Revenue $64,644

  • CCCPCT CREATED A SINGLE MEMBER LLC THAT INVESTS IN THE COMMUNITY THROUGH SMALL BUSINESS INNOVATION FUND GRANTS GIVEN TO SMALL BUSINESSES AS THEY ADAPT THEIR OPERATIONS OR BUSINESS MODELS IN THE WAKE OF THE COVID-19 PANDEMIC. THE PROGRAM IS INTENDED TO SUPPORT THESE LOCAL BUSINESSES AS THEY SEEK TO INNOVATE, TO STAY COMPETITIVE, AND ADVANCE. THE PROGRAM WAS PAUSED IN 2025.

As filed on the 2024 return.

Listed in Part VII

  • Michael J Smith

    DIRECTOR/EXEC. DIR. CCCPCT

    Total calculated
    $643,960
    From this org
    $0
    From related orgs
    $549,628
    Other
    $94,332
    Hours/week
    6 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $409,559 related
    Bonus
    $0 + $140,069 related
    Other
    $0
    Deferred
    $0 + $53,600 related
    Nontaxable benefits
    $0 + $40,732 related
    Filer's total
    $0 + $643,960 related

  • Lonnie Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kyle Gibler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Matt Olin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Priya Sircar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Thigpen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Junior Nyemb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Saad Ehtishan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Sherdan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Darrel Williams

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Gau Gupte

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Moira Quinn

    SECRETARY/TREASURER

    Total calculated
    $217,230
    From this org
    $0
    From related orgs
    $183,235
    Other
    $33,995
    Hours/week
    6 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,735 related
    Bonus
    $0 + $17,500 related
    Other
    $0
    Deferred
    $0 + $13,402 related
    Nontaxable benefits
    $0 + $20,593 related
    Filer's total
    $0 + $217,230 related

  • Robert Krumbine

    EXEC. DIR. CHARLOTTE ARTFE

    Total calculated
    $223,187
    From this org
    $0
    From related orgs
    $188,735
    Other
    $34,452
    Hours/week
    15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,735 related
    Bonus
    $0 + $24,000 related
    Other
    $0
    Deferred
    $0 + $13,787 related
    Nontaxable benefits
    $0 + $20,665 related
    Filer's total
    $0 + $223,187 related

  • Eleni Saunders

    CFO THRU 2.25

    Total calculated
    $179,256
    From this org
    $0
    From related orgs
    $147,897
    Other
    $31,359
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,897 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $10,766 related
    Nontaxable benefits
    $0 + $20,593 related
    Filer's total
    $0 + $179,256 related

  • Dianna L Ward

    EXEC. DIR. CHARLOTTE B-CYC

    Total calculated
    $128,762
    From this org
    $127,790
    From related orgs
    $0
    Other
    $972
    Hours/week
    40

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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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)

PART I, LINE 1A
DIANNA WARD IS PROVIDED A SUBSIDY TOWARDS A YMCA MEMBERSHIP. THE VALUE OF THIS MEMBERSHIP IS INCLUDED AS A NONTAXABLE BENEFIT.
PART I, LINE 1B
ALL EMPLOYEES ARE OFFERED A SUBSIDY TOWARDS A YMCA MEMBERSHIP AS PART OF THEIR COMPENSATION. SINCE THE BENEFIT IS PROVIDED FOR IN EACH PERSON'S OFFER LETTER, THERE IS NOT A SEPARATE WRITTEN POLICY REGARDING PAYMENT.
PART I, LINE 3
THE EXECUTIVE DIRECTOR LISTED IS EMPLOYED BY CCCP, WHICH IS RESPONSIBLE FOR ESTABLISHING HIS COMPENSATION. CCCP USES A COMPENSATION COMMITTEE, INDEPENDENT CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY/STUDY, FORM 990 OF OTHER ORGANIZATIONS AND BOARD APPROVAL TO DETERMINE COMPENSATION.

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

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CENTER CITY BUSINESS INNOVATION FUND LLC

    SUPPORT SMALL BUSINESSES · NC · income $0 · assets $0

    Directly controlled by CHARLOTTE CENTER CITY PARTNERS COMMUNITY TRUST

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601339349307910

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