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Nonprofiteer
← CHARLOTTE CENTER CITY PARTNERS

Form 990 for tax year 2024

Filed by CHARLOTTE CENTER CITY PARTNERS.

Totals

Total revenue
$8,289,889
Total expenses
$8,008,204
Contributions and grants received
$0
Grants paid
$513,268
Program service revenue
$8,280,389
Investment income
$9,500
Other revenue
$0
Total assets, end of year
$5,521,033
Total liabilities, end of year
$2,896,107
Net assets or fund balances, end of year
$2,624,926
Program services expenses (Part IX)
$6,451,561
Management and general expenses
$1,556,643
Fundraising expenses
$0
Program service expenses (Part III)
$6,451,561

Program services were 80.6% 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 $6,942,907 · related or exempt $6,942,907

  • 2b · Program service revenue: OTHER FEES

    total $1,118,382 · related or exempt $1,118,382

  • 2c · Program service revenue: CENTER CITY VISION AWA

    total $219,100 · related or exempt $219,100

  • 3 · Investment income

    total $30,091 · excluded $30,091

  • 7a · Gross sales of assets other than inventory

    securities $336,281

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

    securities $356,872

  • 7c · Gain or loss

    securities -$20,591

  • 7d · Net gain or loss

    total -$20,591 · excluded -$20,591

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $513,268 · program services $513,268

  • 5 · Compensation of officers, directors and key employees

    total $1,040,445 · program services $972,816 · management and general $67,629

  • 7 · Other salaries and wages

    total $1,643,576 · program services $1,536,744 · management and general $106,832

  • 8 · Pension plan contributions

    total $241,816 · program services $226,098 · management and general $15,718

  • 9 · Other employee benefits

    total $483,415 · program services $451,993 · management and general $31,422

  • 10 · Payroll taxes

    total $206,845 · program services $193,400 · management and general $13,445

  • 11b · Fees: legal

    total $86,351 · program services $49,875 · management and general $36,476

  • 11f · Fees: investment management

    total $7,425 · management and general $7,425

  • 11g · Fees: other

    total $38,479 · program services $22,225 · management and general $16,254

  • 13 · Office expenses

    total $348,363 · program services $320,498 · management and general $27,865

  • 16 · Occupancy

    total $266,476 · program services $178,783 · management and general $87,693

  • 19 · Conferences, conventions and meetings

    total $209,376 · program services $195,464 · management and general $13,912

  • 22 · Depreciation, depletion and amortization

    total $166,096 · management and general $166,096

  • 23 · Insurance

    total $5,450 · program services $5,014 · management and general $436

  • 24a · Other expenses: PROGRAMS & PROJECTS

    total $2,007,200 · program services $1,159,323 · management and general $847,877

  • 24b · Other expenses: EVENTS

    total $655,766 · program services $626,060 · management and general $29,706

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

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

  • 24d · Other expenses: BAD DEBTS

    total $7,857 · management and general $7,857

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,530,415 · end of year $1,851,221

  • 4 · Accounts receivable

    beginning of year $41,457 · end of year $179,806

  • 9 · Prepaid expenses and deferred charges

    beginning of year $79,922 · end of year $205,076

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

    $2,066,288

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

    $1,382,123

  • 10c · Land, buildings and equipment, net

    beginning of year $813,046 · end of year $684,165

  • 11 · Investments: publicly traded securities

    beginning of year $1,038,914 · end of year $1,173,477

  • 15 · Other assets

    beginning of year $1,629,544 · end of year $1,427,288

  • 17 · Accounts payable and accrued expenses

    beginning of year $405,548 · end of year $614,458

  • 19 · Deferred revenue

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

  • 25 · Other liabilities

    beginning of year $2,431,721 · end of year $2,260,973

  • 27 · Net assets without donor restrictions

    beginning of year $2,017,357 · end of year $2,452,516

  • 28 · Net assets with donor restrictions

    beginning of year $257,996 · end of year $172,410

Mission and programs · 2024

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 IS RESPONSIBLE FOR THE ECONOMIC DEVELOPMENT AND VITALITY OF THE URBAN CORE.

  • CCCP INCLUDES PLANNING THE UPTOWN VIBRANCY COLLABORATIVE, PLANNING AND DEVELOPMENT, ECONOMIC AND COMMUNITY DEVELOPMENT, RESEARCH, MARKETING, COMMUNICATIONS, SOUTH END AND UPTOWN NEIGHBORHOOD CONSTITUENT SERVICES AND OPERATIONS UNDER THIS AREA. CCCP IS WORKING WITH PUBLIC AND PRIVATE PARTNERS TO ENHANCE PUBLIC SAFETY, IMPROVE PERCEPTION, PRODUCE WEEKLY PROGRAMMING, AND DRIVE ECONOMIC VITALITY. ECONOMIC DEVELOPMENT IS STRONG. 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. 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.

    Expenses $5,825,501 · Grants $513,268 · Revenue $8,233,645

  • 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 POP-UP 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 EVE PARADE, SUCCESSFUL CHARLOTTE SHOUT, BUILDING OF MUSIC EVERYWHERE, SUCCESSFUL SHIFT FROM LARGE SCALE EVENTS TO STREET-SCALE PROGRAMMING.

    Expenses $626,060 · Revenue $46,744

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kristi Coleman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Malcomb Coley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Frank Emory

    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, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Darryl Dewberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dena Diorio

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Malcolm Graham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Ken Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Boland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marcus Jones

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Sam Judd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Russ Hutchinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tiffani Lewis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Natwick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tom Lawrence

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John Shimp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Bagwell

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Cathy Bessant

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • David Longo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neelima Sharma

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Valerie Kinloch

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Pat Rodgers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Finke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dan Lugo

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Dr Crystal Hill

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Andrea Smith

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Gau Gupte

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Mathieu

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Dr Sharon Gaber

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Thomas Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy D Dodson

    DIRECTOR, NON-VOTING

    Total calculated
    $0
    Hours/week
    1

  • Anna S Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sasha Weintraub

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William H Rogers Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Diane Morais

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Smith

    PRESIDENT/CEO

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

    Schedule J breakdown matched by us

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

  • Moira Quinn Klein

    SR VP COMMUNICATION/COO

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

    Schedule J breakdown matched by us

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

  • Eleni Saunders

    CFO THRU 2.28.25

    Total calculated
    $179,256
    From this org
    $147,897
    From related orgs
    $0
    Other
    $31,359
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

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

  • Cheryl Myers

    SR VP PLANNING & DEVELOPME

    Total calculated
    $212,196
    From this org
    $189,009
    From related orgs
    $0
    Other
    $23,187
    Hours/week
    40 + 6 related

    Schedule J breakdown matched by us

    Base
    $170,009
    Bonus
    $19,000
    Other
    $0
    Deferred
    $13,437
    Nontaxable benefits
    $9,750
    Filer's total
    $212,196

  • Robert Krumbine

    SR VP PROGRAMMING & EVENTS

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

    Schedule J breakdown matched by us

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

  • Richard Thurmond

    SR VP COMMUNITY DEVELOPMEN

    Total calculated
    $213,661
    From this org
    $169,848
    From related orgs
    $0
    Other
    $43,813
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,848
    Bonus
    $12,000
    Other
    $0
    Deferred
    $12,375
    Nontaxable benefits
    $31,438
    Filer's total
    $213,661

  • James Labar

    SR VP ECONOMIC DEVELOPMENT

    Total calculated
    $206,748
    From this org
    $164,256
    From related orgs
    $0
    Other
    $42,492
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,256
    Bonus
    $17,000
    Other
    $0
    Deferred
    $12,098
    Nontaxable benefits
    $30,394
    Filer's total
    $206,748

  • Philip Otienoburu

    SR VP COMMUNITY DEVELOPMEN

    Total calculated
    $177,903
    From this org
    $138,722
    From related orgs
    $0
    Other
    $39,181
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,722
    Bonus
    $5,000
    Other
    $0
    Deferred
    $10,325
    Nontaxable benefits
    $28,856
    Filer's total
    $177,903

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 AND SOCIAL CLUB DUES FOR MICHAEL SMITH IS INCLUDED IN HIS WRITTEN EMPLOYMENT CONTRACT. SINCE THIS BENEFIT SERVES A BUSINESS PURPOSE, THE VALUE OF BOTH 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'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
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601339349307835

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