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Nonprofiteer
← NASHVILLE DISTRICT MANAGEMENT CORPORATION INC

Form 990 for tax year 2022

Filed by NASHVILLE DISTRICT MANAGEMENT CORPORATION INC.

Totals

Total revenue
$7,673,079
Total expenses
$7,738,855
Contributions and grants received
$0
Grants paid
$7,060,901
Program service revenue
$7,652,185
Investment income
$20,894
Other revenue
$0
Total assets, end of year
$3,798,184
Total liabilities, end of year
$3,538,877
Net assets or fund balances, end of year
$259,307
Program services expenses (Part IX)
$7,684,181
Management and general expenses
$54,674
Fundraising expenses
$0
Program service expenses (Part III)
$7,684,181

Program services were 99.3% 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.

  • 2a · Program service revenue: CBID ASSESSMENTS

    total $4,066,429 · related or exempt $4,066,429

  • 2b · Program service revenue: CBID SALES TAX

    total $3,585,756 · related or exempt $3,585,756

  • 3 · Investment income

    total $20,894 · excluded $20,894

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,060,901 · program services $7,060,901

  • 11a · Fees: management

    total $98,040 · program services $98,040

  • 11b · Fees: legal

    total $10,817 · program services $10,817

  • 11c · Fees: accounting

    total $12,050 · management and general $12,050

  • 11g · Fees: other

    total $480,100 · program services $480,100

  • 13 · Office expenses

    total $238 · program services $238

  • 17 · Travel

    total $12,172 · program services $12,172

  • 22 · Depreciation, depletion and amortization

    total $31,708 · management and general $31,708

  • 23 · Insurance

    total $29,233 · program services $21,913 · management and general $7,320

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $2,761 · management and general $2,761

  • 24b · Other expenses: TAXES & LICENSES

    total $835 · management and general $835

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $1,171

  • 2 · Savings and temporary cash investments

    beginning of year $247,514 · end of year $2,040,508

  • 4 · Accounts receivable

    beginning of year $883,933 · end of year $581,553

  • 9 · Prepaid expenses and deferred charges

    beginning of year $326,455 · end of year $301,516

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

    $152,200

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

    $31,708

  • 10c · Land, buildings and equipment, net

    beginning of year $110,706 · end of year $120,492

  • 15 · Other assets

    beginning of year $0 · end of year $752,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $111,084 · end of year $565,651

  • 18 · Grants payable

    beginning of year $219,254 · end of year $739,633

  • 19 · Deferred revenue

    end of year $1,404,203

  • 25 · Other liabilities

    beginning of year $0 · end of year $829,390

  • 27 · Net assets without donor restrictions

    beginning of year $1,238,270 · end of year $259,307

Mission and programs · 2022

Mission

TO MAKE IMPROVEMENTS AND PROVIDE PROJECTS AND SERVICES WITHIN AND FOR DOWNTOWN NASHVILLE.

  • FOR GREATEST EFFICIENCY, NDMC ENGAGES THE NASHVILLE DOWNTOWN PARTNERSHIP TO PROVIDE SUPPLEMENTAL CLEANING AND SAFETY SERVICES IN ADDITION TO LANDSCAPING BEAUTIFICATION PROJECTS AND DISTRICT MARKETING THROUGH SOCIAL MEDIA.

    Expenses $7,684,181 · Grants $7,060,901 · Revenue $7,652,185

As filed on the 2022 return.

Listed in Part VII

  • Mike Stewart

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Will Freeman

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gabe Coltea

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joe Bucher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nick Cesnic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Fletcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Janet Kurtz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michelle Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas D Turner

    EXECUTIVE DIRECTOR

    Total calculated
    $430,257
    From this org
    $0
    From related orgs
    $398,236
    Other
    $32,021
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $331,236 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $27,000 related
    Deferred
    $0 + $12,200 related
    Nontaxable benefits
    $0 + $19,821 related
    Filer's total
    $0 + $430,257 related

  • Tamara Dickson

    VP ECONOMIC DEVELOPMENT

    Total calculated
    $141,690
    From this org
    $0
    From related orgs
    $121,441
    Other
    $20,249
    Hours/week
    2 + 40 related

  • Jeanette Barker

    VP STRATEGIC DEVELOPMENT

    Total calculated
    $136,134
    From this org
    $0
    From related orgs
    $120,313
    Other
    $15,821
    Hours/week
    2 + 40 related

  • Jack Malone

    DIRECTOR OF CLEANING & TRANSPORTATION

    Total calculated
    $124,052
    From this org
    $0
    From related orgs
    $113,697
    Other
    $10,355
    Hours/week
    2 + 40 related

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

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

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.

  • NDMC PSO LLC

    SECURITY AND PROTECTIVE SERVICES · TN · income $623,280 · assets $1,171

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202303179349301515

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