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Nonprofiteer
← KNOXVILLE CBID MANAGEMENT CORPORATION

Form 990 for tax year 2023

Filed by KNOXVILLE CBID MANAGEMENT CORPORATION.

Totals

Total revenue
$1,197,709
Total expenses
$1,548,031
Contributions and grants received
$1,183,135
Grants paid
$805,000
Program service revenue
$0
Investment income
$14,574
Other revenue
$0
Total assets, end of year
$1,678,918
Total liabilities, end of year
$1,043,980
Net assets or fund balances, end of year
$634,938
Program services expenses (Part IX)
$1,406,289
Management and general expenses
$141,742
Fundraising expenses
$0
Program service expenses (Part III)
$1,406,289

Program services were 90.8% 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

    $1,183,135

  • 3 · Investment income

    total $14,574 · excluded $14,574

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $805,000 · program services $805,000

  • 11a · Fees: management

    total $248,896 · program services $145,309 · management and general $103,587

  • 11c · Fees: accounting

    total $10,056 · management and general $10,056

  • 12 · Advertising and promotion

    total $53,319 · program services $53,319

  • 13 · Office expenses

    total $14,133 · management and general $14,133

  • 14 · Information technology

    total $33,905 · program services $32,156 · management and general $1,749

  • 17 · Travel

    total $5,987 · management and general $5,987

  • 23 · Insurance

    total $675 · management and general $675

  • 24a · Other expenses: QUALITY OF LIFE

    total $116,116 · program services $116,116

  • 24b · Other expenses: SECURITY

    total $89,110 · program services $89,110

  • 24c · Other expenses: MARKETING AND SPONSORSH

    total $67,895 · program services $67,895

  • 24d · Other expenses: BEAUTIFICATION

    total $42,874 · program services $42,874

  • 24e · All other expenses

    total $60,065 · program services $54,510 · management and general $5,555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $247,610 · end of year $881,731

  • 2 · Savings and temporary cash investments

    beginning of year $1,086,592 · end of year $796,514

  • 4 · Accounts receivable

    beginning of year $8,464 · end of year $448

  • 9 · Prepaid expenses and deferred charges

    end of year $225

  • 17 · Accounts payable and accrued expenses

    beginning of year $57,406 · end of year $43,980

  • 18 · Grants payable

    beginning of year $300,000 · end of year $1,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $985,260 · end of year $634,938

Mission and programs · 2023

Mission

DEVELOPMENT OF THE DOWNTOWN AREA OF KNOXVILLE.

Activities or mission (Part I)

DEVELOPMENT OF THE DOWNTOWN AREA OF KNOXVILLE

  • THE ORGANIZATION ASSISTS IN DEVELOPING, PROMOTING, AND BEAUTIFYING THE DOWNTOWN AREA OF KNOXVILLE.

    Expenses $1,406,289 · Grants $805,000

As filed on the 2023 return.

Listed in Part VII

  • MATTHEW DEBARDELABEN

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • LORIE MATTHEWS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • VINCE FUSCO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY KATHERINE WORMSLEY

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ADRIENNE WEBSTER

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JOHN SANDERS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHIP BARRY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NATALEA CUMMINGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BLAINE WEDEKIND

    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.

Grants on this return

  • TENNESSEE THEATRE

    $300,000

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

  • YWCA

    $250,000

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

  • ARTS AND CULTURAL ALLIANCE

    $200,000

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

  • NOURISH KNOXVILLE

    $15,000

    MARKET SQUARE FARMER'S MARKET

  • CITY OF KNOXVILLE

    $11,500

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

  • EAST TN HISTORICAL SOCIETY

    $10,000

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

  • BIG EARS

    $10,000

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

  • DOGWOOD ARTS

    $8,500

    ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433179349302313

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