Skip to content
Nonprofiteer
← CHARLOTTE CENTER CITY PARTNERS

Form 990 for tax year 2022

Filed by CHARLOTTE CENTER CITY PARTNERS.

Totals

Total revenue
$7,170,981
Total expenses
$7,103,446
Contributions and grants received
$0
Grants paid
$670,693
Program service revenue
$7,148,580
Investment income
$22,401
Other revenue
$0
Total assets, end of year
$5,362,645
Total liabilities, end of year
$3,066,387
Net assets or fund balances, end of year
$2,296,258
Program services expenses (Part IX)
$5,781,766
Management and general expenses
$1,321,680
Fundraising expenses
$0
Program service expenses (Part III)
$5,781,766

Program services were 81.4% 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: MUNICIPAL TAX REVENUE

    total $6,719,689 · related or exempt $6,719,689

  • 2b · Program service revenue: CENTER CITY VISION PLA

    total $253,050 · related or exempt $253,050

  • 2c · Program service revenue: OTHER FEES

    total $175,841 · related or exempt $175,841

  • 3 · Investment income

    total $25,989 · excluded $25,989

  • 7a · Gross sales of assets other than inventory

    securities $160,408

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

    securities $163,996

  • 7c · Gain or loss

    securities -$3,588

  • 7d · Net gain or loss

    total -$3,588 · excluded -$3,588

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $670,693 · program services $670,693

  • 5 · Compensation of officers, directors and key employees

    total $948,503 · program services $880,211 · management and general $68,292

  • 7 · Other salaries and wages

    total $1,113,618 · program services $1,033,437 · management and general $80,181

  • 8 · Pension plan contributions

    total $207,406 · program services $192,473 · management and general $14,933

  • 9 · Other employee benefits

    total $401,759 · program services $372,832 · management and general $28,927

  • 10 · Payroll taxes

    total $173,777 · program services $161,265 · management and general $12,512

  • 11b · Fees: legal

    total $35,319 · program services $21,390 · management and general $13,929

  • 11f · Fees: investment management

    total $5,980 · management and general $5,980

  • 11g · Fees: other

    total $48,371 · program services $29,294 · management and general $19,077

  • 13 · Office expenses

    total $280,003 · program services $257,603 · management and general $22,400

  • 16 · Occupancy

    total $285,720 · program services $188,534 · management and general $97,186

  • 19 · Conferences, conventions and meetings

    total $157,888 · program services $149,542 · management and general $8,346

  • 22 · Depreciation, depletion and amortization

    total $152,601 · management and general $152,601

  • 23 · Insurance

    total $38,558 · program services $35,473 · management and general $3,085

  • 24a · Other expenses: PROGRAMS & PROJECTS

    total $1,691,879 · program services $1,024,617 · management and general $667,262

  • 24b · Other expenses: EVENTS

    total $688,124 · program services $688,124

  • 24c · Other expenses: LEASE IMPLEMENTATION

    total $117,351 · program services $76,278 · management and general $41,073

  • 24d · Other expenses: CCCP TRUST OP. GRANT

    total $80,000 · management and general $80,000

  • 24e · All other expenses

    total $5,896 · management and general $5,896

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,440,052 · end of year $1,654,872

  • 4 · Accounts receivable

    beginning of year $76,042 · end of year $35,084

  • 9 · Prepaid expenses and deferred charges

    beginning of year $77,092 · end of year $80,416

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

    $1,939,474

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

    $1,070,795

  • 10c · Land, buildings and equipment, net

    beginning of year $987,250 · end of year $868,679

  • 11 · Investments: publicly traded securities

    beginning of year $796,102 · end of year $897,861

  • 15 · Other assets

    beginning of year $25,595 · end of year $1,825,733

  • 17 · Accounts payable and accrued expenses

    beginning of year $989,200 · end of year $457,094

  • 19 · Deferred revenue

    beginning of year $20,676 · end of year $20,676

  • 25 · Other liabilities

    beginning of year $191,348 · end of year $2,588,617

  • 27 · Net assets without donor restrictions

    beginning of year $1,856,208 · end of year $1,967,841

  • 28 · Net assets with donor restrictions

    beginning of year $344,701 · end of year $328,417

Mission and programs · 2022

Mission

CHARLOTTE CENTER CITY PARTNERS (CCCP) BOLDLY ENVISIONS AND ACTIVATES STRATEGIES AND ACTIONS THAT WILL ASSURE CHARLOTTE CENTER CITY IS A WELCOMING AND EQUITABLE, ECONOMICALLY VIBRANT, CULTURALLY RICH AND BELOVED PLACE FOR ALL.

Activities or mission (Part I)

CHARLOTTE CENTER CITY PARTNERS' (CCCP) ASPIRATION IS FOR CHARLOTTE'S CENTER CITY TO BE THE MOST THRIVING, INCLUSIVE, MEMORABLE, SUSTAINABLE, RESILIENT, AND BELOVED PLACE THAT IS A LEADING FORCE FOR A HEALTHY REGIONAL ECONOMY AND QUALITY OF LIFE FOR ALL.

  • CCCP INCLUDES PLANNING AND DEVELOPMENT, ECONOMIC AND RETAIL DEVELOPMENT, RESEARCH, MARKETING, COMMUNICATIONS, SOUTH END AND UPTOWN NEIGHBORHOOD CONSTITUENT SERVICES AND OPERATIONS UNDER THIS AREA. ECONOMIC DEVELOPMENT IS DYNAMIC. OUR STATE OF THE CENTER CITY REPORT AND EVENT BRING ECONOMIC DEVELOPMENT PROFESSIONALS AND BROKERS THE INFORMATION THEY NEED TO MARKET THE URBAN CORE TO EMPLOYERS AND SITE SELECTORS. WE HAVE ROBUST RETAIL INITIATIVES IN UPTOWN AND SOUTH END. CCCP HAS COMPLETED THE N. TRYON VISION PLAN AND IS WORKING ON TARGETED IMPLEMENTATION AND PROGRAMMING. OUR MARKETING AND COMMUNICATIONS TEAMS ARE FOCUSING ON OUR SOCIAL MEDIA, WEBSITES, TRADITIONAL MEDIA, ELECTRONIC NEWSLETTER, AND PARTNER CAMPAIGNS AS OUR PRIMARY COMMUNICATIONS CHANNELS. OTHER ONGOING PROGRAMS INCLUDE MANAGEMENT OF THE TRYON STREET VENDOR PROGRAM AND PERMITTING OF SPECIAL EVENT AND BANNER PLACEMENT. CCCP ALSO HAS A MANAGEMENT AGREEMENT WITH THE MARKET AT 7TH STREET TO PROVIDE FUNCTIONAL SUPPORT AND STRATEGIC PLANNING REGARDING THE MARKET'S STRATEGY, VISION, GOVERNANCE, PROGRAMMING, TENANTING, FUNDRAISING, PR, MARKETING AND FINANCE. SOUTH END IS A COMPLETE NEIGHBORHOOD WITH STRONG GROWTH IN THE OFFICE AND HOTEL SECTORS TO COMPLIMENT THE ROBUST RESIDENTIAL OFFERINGS. WE DO TARGETED ECONOMIC DEVELOPMENT SUPPORT, WHEN INVITED, IN HISTORIC WEST END. ONE OF CCCP'S CORE MISSIONS IS TO WORK WITH UPTOWN AND SOUTH END NEIGHBORHOOD ASSOCIATIONS TO ENHANCE CONSTITUENT SERVICES FOR CENTER CITY RESIDENTS THROUGH COMMUNICATION AND ADVOCACY. CCCP HELPS CONNECT THESE ORGANIZATIONS WITH EACH OTHER BY WORKING WITH NEIGHBORHOODS ON INITIATIVES INCLUDING PARKS AND OPEN SPACE, EDUCATION, EVENTS AND PROGRAMMING, PUBLIC SAFETY, PARKING MANAGEMENT AND LIGHTING.ACCOMPLISHMENTS: ECONOMIC DEVELOPMENT, N. TRYON VISION PLAN IMPLEMENTATION, NEIGHBORHOOD SERVICES, MARKETING AND BRANDING EXECUTION.

    Expenses $5,093,642 · Grants $670,693 · Revenue $7,095,785

  • DEVELOP AND PRODUCE QUALITY PROGRAMMING AND EVENTS THAT CREATE A VIBRANT URBAN CORE, WHILE ADDRESSING THE NEEDS OF STAKEHOLDERS. WE PRODUCE THE NOVANT HEALTH THANKSGIVING EVE PARADE, CHARLOTTE SHOUT! AND CLT NEW YEAR'S EVE. FOR OTHER PROGRAMMING, WE SHIFTED OUR FOCUS TO MORE FREQUENT STREET-LEVEL PROGRAMMING THAT ACTIVATES AND ANIMATES WHILE CONNECTING WITH THE STAKEHOLDERS OF UPTOWN AND SOUTH END. OUR PROGRAMMING FOCUSED AROUND MAJOR INITIATIVES SUCH AS RETAIL, SOUTH END, RAIL TRAIL AND UPTOWN NEIGHBORHOOD INITIATIVES AS WELL AS HOLIDAYS IN THE CITY AND THE CENTER CITY VISION AWARDS. CCCP WORKS WITH OTHER EVENT PRODUCERS TO BE SURE ALL EVENTS IN THE CENTER CITY ARE OF A HIGH CALIBER. WE CONTINUE TO WORK ON OUR INITIATIVE MUSIC EVERYWHERE, TO SEED LIVE MUSIC IN THE CENTER CITY WITH THE SUPPORT OF FUNDING PARTNERS AND MUSIC PRODUCERS. ACCOMPLISHMENTS: CONTINUED SUCCESS OF THE NOVANT HEALTH THANKSGIVING DAY PARADE, SUCCESSFUL CHARLOTTE SHOUT, BUILDING OF MUSIC EVERYWHERE, SUCCESSFUL SHIFT FROM LARGE SCALE EVENTS TO STREET-SCALE PROGRAMMING.

    Expenses $688,124 · Revenue $52,795

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CLARENCE ARMBRISTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MALCOMB COLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSE CURETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE DUNLAP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROB ENGEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR KANDI DEITEMEYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DARRYL DEWBERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENA DIORIO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MALCOLM GRAHAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHNO HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK HOLOMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARCUS JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAM JUDD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET LABAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TIFFANI LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CAROL LOVIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KODWO GHARTEY-TAGOE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MARSICANO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM MURRAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY NOBLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAT RILEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NEELIMA SHARM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DARREL WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PAT RODGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM ROGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTA TERRELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR CRYSTAL HILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE KATZIFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GAURAV GUPTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD MATHIEU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR SHARON GABER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS MITCHELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TRACY D DODSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS FINKE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • DIANE MORAIS

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SMITH

    PRESIDENT/CEO

    Total calculated
    $596,893
    From this org
    $513,631
    From related orgs
    $0
    Other
    $83,262
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $390,383
    Bonus
    $123,248
    Other
    $0
    Deferred
    $47,300
    Nontaxable benefits
    $35,962
    Filer's total
    $596,893

  • MOIRA QUINN KLEIN

    SR VP COMMUNICATION/COO

    Total calculated
    $201,124
    From this org
    $170,609
    From related orgs
    $0
    Other
    $30,515
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $152,609
    Bonus
    $18,000
    Other
    $0
    Deferred
    $12,454
    Nontaxable benefits
    $18,061
    Filer's total
    $201,124

  • ELENI SAUNDERS

    CFO

    Total calculated
    $150,487
    From this org
    $123,318
    From related orgs
    $0
    Other
    $27,169
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $113,318
    Bonus
    $10,000
    Other
    $0
    Deferred
    $9,108
    Nontaxable benefits
    $18,061
    Filer's total
    $150,487

  • CHERYL MYERS

    SR VP PLANNING & DEVELOPMENT

    Total calculated
    $192,855
    From this org
    $171,976
    From related orgs
    $0
    Other
    $20,879
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $156,976
    Bonus
    $15,000
    Other
    $0
    Deferred
    $12,244
    Nontaxable benefits
    $8,635
    Filer's total
    $192,855

  • ROBERT KRUMBINE

    SR VP PROGRAMMING & EVENTS

    Total calculated
    $210,802
    From this org
    $179,609
    From related orgs
    $0
    Other
    $31,193
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,609
    Bonus
    $27,000
    Other
    $0
    Deferred
    $13,084
    Nontaxable benefits
    $18,109
    Filer's total
    $210,802

  • RICHARD THURMOND

    SR VP COMMUNITY DEVELOPMENT

    Total calculated
    $186,997
    From this org
    $149,378
    From related orgs
    $0
    Other
    $37,619
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,378
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,083
    Nontaxable benefits
    $26,536
    Filer's total
    $186,997

  • JAMES LABAR

    SR VP ECONOMIC DEVELOPMENT

    Total calculated
    $158,830
    From this org
    $123,279
    From related orgs
    $0
    Other
    $35,551
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,279
    Bonus
    $8,000
    Other
    $0
    Deferred
    $9,147
    Nontaxable benefits
    $26,404
    Filer's total
    $158,830

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
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
THE PAYMENT OF HEALTH INSURANCE AND CLUB DUES FOR MICHAEL SMITH ARE INCLUDED IN HIS WRITTEN EMPLOYMENT CONTRACT. THE VALUE OF BOTH ARE INCLUDED AS NONTAXABLE BENEFITS.
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'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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202431359349307843

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.