Form 990 for tax year 2023
Filed by SOUTHPARK COMMUNITY PARTNERS INC.
Totals
- Total revenue
- $1,879,455
- Total expenses
- $1,619,124
- Contributions and grants received
- $57,554
- Grants paid
- $0
- Program service revenue
- $1,808,964
- Investment income
- $12,846
- Other revenue
- $91
- Total assets, end of year
- $973,372
- Total liabilities, end of year
- $101,857
- Net assets or fund balances, end of year
- $871,515
- Program services expenses (Part IX)
- $1,392,778
- Management and general expenses
- $162,776
- Fundraising expenses
- $63,570
- Program service expenses (Part III)
- $1,392,778
Program services were 86.0% 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
$57,554
-
3 · Investment income
total $12,846 · excluded $12,846
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Other Receipts
total $91 · related or exempt $91
-
11e · Other revenue, total
$91
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $213,272 · program services $148,174 · management and general $43,859 · fundraising $21,239
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $362,741 · program services $252,019 · management and general $74,597 · fundraising $36,125
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $36,847 · program services $5,800 · management and general $31,047
-
12 · Advertising and promotion
total $189,992 · program services $189,992
-
13 · Office expenses
total $0
-
14 · Information technology
total $9,546 · program services $6,632 · management and general $1,963 · fundraising $951
-
15 · Royalties
total $0
-
16 · Occupancy
total $30,412 · program services $21,129 · management and general $6,254 · fundraising $3,029
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,109 · program services $4,245 · management and general $1,256 · fundraising $608
-
23 · Insurance
total $0
-
24a · Other expenses: Special Events
total $249,552 · program services $249,552
-
24b · Other expenses: Infrastructure Development
total $199,762 · program services $199,762
-
24c · Other expenses: Planning and Placemaking
total $188,205 · program services $188,205
-
24d · Other expenses: Economic Development
total $80,380 · program services $80,380
-
24e · All other expenses
total $52,306 · program services $46,888 · management and general $3,800 · fundraising $1,618
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $198,342 · end of year $781,179
-
2 · Savings and temporary cash investments
beginning of year $100,000 · end of year $101,347
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $299,064 · end of year $5,500
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $10,417 · end of year $10,981
-
10a · Land, buildings and equipment: cost or other basis
$81,029
-
10b · Land, buildings and equipment: accumulated depreciation
$9,165
-
10c · Land, buildings and equipment, net
beginning of year $77,974 · end of year $71,864
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,501 · end of year $2,501
-
17 · Accounts payable and accrued expenses
beginning of year $77,114 · end of year $93,157
-
19 · Deferred revenue
end of year $8,700
-
27 · Net assets without donor restrictions
beginning of year $611,184 · end of year $871,515
Mission and programs · 2023
Mission
TO FURTHER MANAGE AND OPERATE THE MUNICIPAL SERVICE DISTRICT THAT INCLUDES THE SOUTHPARK COMMERICAL DISTRICT IN CHARLOTTE, NORTH CAROLINA AND FOR THE PROMOTION OF THE SOCIAL WELFARE IN THAT AREA.
-
SouthPark Community Partners (SCP) is an independent nonprofit organization formed in July 2022 whose mission is to lead advancement in the SouthPark area of Charlotte, North Carolina by driving economic vitality, creating memorable experiences, and ensuring an extraordinary quality of life. SCP provides professional management of the SouthPark Municipal Service District (MSD-6) through an annual contract with the City of Charlotte, North Carolina. MSD-6 was created by a unanimous vote of the Charlotte City Council in 2022. SCPs annual program of work includes advocacy, community development, economic development, marketing and events, placemaking, and urban planning. SCP is governed under North Carolinas municipal service district statute and by an independent board of directors that provides oversight and leadership on behalf of SouthPark and Charlotte stakeholders.
Expenses $1,392,778 · Revenue $1,808,962
As filed on the 2023 return.
Listed in Part VII
-
Adam RehwADAM REHW
President & CEO
- Total calculated
- $213,272
- From this org
- $213,272
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $213,272
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $213,272
-
R Christopher ThomasR CHRISTOPHER THOMAS
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Randall ThomasRANDALL THOMAS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Robert AulebachROBERT AULEBACH
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Jonathan PolkingJONATHAN POLKING
Ex Officio
- Total calculated
- $0
- Hours/week
- 1
-
Bill BarteeBILL BARTEE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd CollinsTODD COLLINS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shelly DomenechSHELLY DOMENECH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Richie FaulkenberryRICHIE FAULKENBERRY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leslie FisherLESLIE FISHER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Thad MooreTHAD MOORE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jessica RossiJESSICA ROSSI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gareth ScottGARETH SCOTT
Director
- Total calculated
- $0
- Hours/week
- 1
-
James ScruggsJAMES SCRUGGS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Fran WestFRAN WEST
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ted WolfeTED WOLFE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lauren RussellLAUREN RUSSELL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dan HolmesDAN HOLMES
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ed McKinneyED MCKINNEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Nish PatelNISH PATEL
Director
- 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. 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423309349301222
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