2025-05-14T14:15:17-05:00 2024-06-30 570381582 ELLIOTT DAVIS PLLC 500 EAST MOREHEAD STREET SUITE 700 CHARLOTTE NC 28202 990 2023-07-01 561247787 CHARLOTTE CENTER CITY PARTNERS CHAR 7043322227 200 SOUTH TRYON STREET 1600 CHARLOTTE NC 28202 MICHAEL J SMITH PRESIDENT & CEO 7043322227 2025-05-12 1 1 JANICE A RATICA P00358837 7043338881 2025-05-12 2023 2025-03-06 01:10:19Z MICHAEL J SMITH 200 SOUTH TRYON STREET 1600 CHARLOTTE NC 28202 7360084 0 X WWW.CHARLOTTECENTERCITY.ORG X 1978 NC CHARLOTTE CENTER CITY PARTNERS IS RESPONSIBLE FOR THE ECONOMIC DEVELOPMENT AND VITALITY OF THE URBAN CORE. 22 22 28 47 0 0 0 0 7148580 7237117 22401 32267 0 0 7170981 7269384 670693 623921 0 0 2845063 3280427 0 0 0 3587690 3436606 7103446 7340954 67535 -71570 5362645 5133298 3066387 2857945 2296258 2275353 X 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. 0 0 5531920 623921 7187117 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 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.ACCOMPLISHMENTS: ECONOMIC DEVELOPMENT, N. TRYON VISION PLAN IMPLEMENTATION, NEIGHBORHOOD SERVICES, MARKETING AND BRANDING EXECUTION. 616182 50000 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. 6148102 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 62 0 1 28 1 0 0 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NC X MOIRA QUINN KLEIN 7043322227 200 S TRYON STREET SUITE 1600 CHARLOTTE NC 28202 KRISTI COLEMAN DIRECTOR 1.00 X 0 0 0 MALCOMB COLEY DIRECTOR 1.00 X 0 0 0 FRANK EMORY DIRECTOR 1.00 X 0 0 0 GEORGE DUNLAP DIRECTOR 1.00 X 0 0 0 ROB ENGEL DIRECTOR 1.00 X 0 0 0 DR KANDI DEITEMEYER DIRECTOR, NON-VOTING 1.00 X 0 0 0 DARRYL DEWBERRY DIRECTOR 1.00 X 0 0 0 DENA DIORIO DIRECTOR, NON-VOTING 1.00 X 0 0 0 MALCOLM GRAHAM DIRECTOR 1.00 X 0 0 0 KEN HAYNES DIRECTOR 1.00 X 0 0 0 MARK HOLOMAN DIRECTOR 1.00 X 0 0 0 MARCUS JONES DIRECTOR, NON-VOTING 1.00 X 0 0 0 SAM JUDD DIRECTOR 1.00 X 0 0 0 JANET LABAR DIRECTOR, NON-VOTING 1.00 X 0 0 0 TIFFANI LEWIS DIRECTOR 1.00 X 0 0 0 BRIAN NATWICK DIRECTOR 1.00 X 0 0 0 KODWO GHARTEY-TAGOE DIRECTOR 1.00 X 0 0 0 JOHN SHIMP DIRECTOR 1.00 X 0 0 0 STEVE BAGWELL DIRECTOR, NON-VOTING 1.00 X 0 0 0 CATHY BESSANT DIRECTOR, NON-VOTING 1.00 X 0 0 0 MOFINA DRAYTON DIRECTOR, NON-VOTING 1.00 X 0 0 0 NEELIMA SHARMA DIRECTOR 1.00 X 0 0 0 DR VALERIE KINLOCH DIRECTOR, NON-VOTING 1.00 X 0 0 0 PAT RODGERS DIRECTOR 1.00 X 0 0 0 THOMAS FINKE DIRECTOR 1.00 X 0 0 0 DAN LUGO DIRECTOR, NON-VOTING 1.00 X 0 0 0 DR CRYSTAL HILL DIRECTOR, NON-VOTING 1.00 X 0 0 0 CHRISTINE KATZIFF DIRECTOR 1.00 X 0 0 0 GAU GUPTE DIRECTOR 1.00 X 0 0 0 RICHARD MATHIEU DIRECTOR, NON-VOTING 1.00 X 0 0 0 DR SHARON GABER DIRECTOR, NON-VOTING 1.00 X 0 0 0 THOMAS MITCHELL DIRECTOR 1.00 X 0 0 0 TRACY D DODSON DIRECTOR, NON-VOTING 1.00 X 0 0 0 WILLIAM H ROGERS JR CHAIRMAN 1.00 X X 0 0 0 DIANE MORAIS TREASURER 1.00 X X 0 0 0 MICHAEL SMITH PRESIDENT/CEO 40.00 6.00 X 532185 0 89821 MOIRA QUINN KLEIN SR VP COMMUNICATION/COO 40.00 6.00 X 177279 0 32552 ELENI SAUNDERS CFO 40.00 6.00 X 139351 0 29794 CHERYL MYERS SR VP PLANNING & DEVELOPME 40.00 6.00 X 182055 0 22240 ROBERT KRUMBINE SR VP PROGRAMMING & EVENTS 40.00 X 184779 0 33125 RICHARD THURMOND SR VP COMMUNITY DEVELOPMENT 40.00 X 168503 0 41309 JAMES LABAR SR VP ECONOMIC DEVELOPMENT 40.00 X 147248 0 39751 PHILIP OTIENOBURU SR VP COMMUNITY DEVELOPMENT 40.00 X 123042 0 35941 1654442 0 324533 8 0 1 0 BLOCK BY BLOCK PO BOX 643873 CINCINATTI OH 452643873 ON STREET SERVICES 777596 1 MUNICIPAL TAX REVENUE 900099 6829584 6829584 CENTER CITY VISION AWA 900099 251580 251580 OTHER FEES 900099 155953 155953 7237117 27356 27356 95611 90700 4911 4911 4911 7269384 7237117 0 32267 623921 623921 1000982 941924 59058 1410986 1327738 83248 228780 215282 13498 446222 419895 26327 193457 182043 11414 19175 12597 6578 6694 6694 36017 23662 12355 293159 272639 20520 253205 165771 87434 200646 187921 12725 160441 160441 41402 38505 2897 PROGRAMS & PROJECTS 1704854 1120022 584832 EVENTS 641013 616182 24831 CCCP TRUST OP. GRANT 80000 80000 7340954 6148102 1192852 0 1654872 1530415 35084 41457 80416 79922 2029075 1216029 868679 813046 897861 1038914 1825733 1629544 5362645 5133298 457094 405548 20676 20676 2588617 2431721 3066387 2857945 X 1967841 2017357 328417 257996 2296258 2275353 5362645 5133298 -71570 50665 0 X X 0 1 X 1 0 458231 190930 267301 980605 620193 360412 590239 404906 185333 813046 DEPOSITS 14942 DUE FROM CCCPCT 6085 RIGHT OF USE ASSET 1608517 1629544 DEFERRED COMPENSATION 323040 LEASE LIABILITIES 2108681 2431721 X PART X, LINE 2: US GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AND UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUBSTANTIATED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRED RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE COMBINED AND CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION IS SUBJECT TO ROUTING AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. 1 CCCP COMMUNITY TRUST 200 S TRYON ST 1600 CHARLOTTE NC 28202 010554275 501(C)(3) 623921 0 BOOK SERVICES PROVIDED BY EMPLOYEES OF CCCP PROGRAM AND OPERATING SUPPORT 1 0 PART I, LINE 2: CCCP ONLY MAKES GRANTS TO ITS AFFILIATED ORGANIZATION, CCCP COMMUNITY TRUST. THE CLOSE RELATIONSHIP BETWEEN THE ORGANIZATIONS SERVES TO MONITOR THE USE OF THE FUNDS. X 0 1 X X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL SMITH PRESIDENT/CEO 402192 0 129993 0 0 0 51350 0 38471 0 622006 0 0 0 ROBERT KRUMBINE SR VP PROGRAMMING & EVENTS 161779 0 23000 0 0 0 13482 0 19643 0 217904 0 0 0 MOIRA QUINN KLEIN SR VP COMMUNICATION/COO 160279 0 17000 0 0 0 12957 0 19595 0 209831 0 0 0 RICHARD THURMOND SR VP COMMUNITY DEVELOPMENT 156503 0 12000 0 0 0 12264 0 29045 0 209812 0 0 0 CHERYL MYERS SR VP PLANNING & DEVELOPME 164305 0 17750 0 0 0 12974 0 9266 0 204295 0 0 0 JAMES LABAR SR VP ECONOMIC DEVELOPMENT 137248 0 10000 0 0 0 10838 0 28913 0 186999 0 0 0 ELENI SAUNDERS CFO 124351 0 15000 0 0 0 10199 0 19595 0 169145 0 0 0 PHILIP OTIENOBURU SR VP COMMUNITY DEVELOPMENT 118042 0 5000 0 0 0 9188 0 26753 0 158983 0 0 0 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. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WILL BE REVIEWED BY THE BOARD AND EXECUTIVE COMMITTEES PRIOR TO FILING. IT WILL BE DISTRIBUTED TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY MEMBER OF THE BOARD OF DIRECTORS WHO KNOWINGLY HAS A CONFLICT OF INTEREST OR A PERCEIVED CONFLICT OF INTEREST WITH RESPECT TO ANY MATTER COMING BEFORE THE BOARD OF DIRECTORS SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSION AND VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION UTILIZES A DELIBERATE PROCESS THAT IS DERIVED FROM CORPORATE HUMAN RESOURCES BEST PRACTICES TO REVIEW THE PERFORMANCE AND SET THE SALARY AND BONUS FOR THE CEO. THE CEO IS EMPLOYED UNDER A PERSONAL SERVICES AGREEMENT NEGOTIATED AND APPROVED BY THE EXECUTIVE COMMITTEE (EC) OF CHARLOTTE CENTER CITY PARTNERS (CCCP) BOARD OF DIRECTORS. THE FOLLOWING OUTLINES THE TIMING AND PROCESS FOR OUR PERFORMANCE AND COMPENSATION PROCEDURES OF CCCP THAT OPERATE ON A JULY 1 TO JUNE 30 FISCAL YEAR. IN THE SPRING OF EACH YEAR, THE ANNUAL PERFORMANCE OBJECTIVES OF THE CEO ARE RECOMMENDED BY THE PERSONNEL AND COMPENSATION COMMITTEE (PCC) AND THEN CONSIDERED AND APPROVED BY EC OF THE BOARD OF DIRECTORS PRIOR TO JUNE 30. IN THE SPRING OF THE FOLLOWING YEAR, THE ANNUAL PERFORMANCE OF THE CEO IS EVALUATED AGAINST THESE OBJECTIVES BY THE PCC AND FINALIZED AND APPROVED BY THE EC. CEO COMPENSATION IS DETERMINED BY THE EC BASED ON A COMBINATION OF DATA SOURCES INCLUDING A PERFORMANCE EVALUATION AGAINST GOALS AND OBJECTIVES AS WELL AS NATIONAL COMPENSATION BENCHMARKING STUDIES DONE EVERY THREE YEARS WITH THE LAST ONE COMPLETED IN 2022. THE CCCP PRESIDENT & CEO IS ASSESSED ON THE FOLLOWING EXECUTIVE COMPENTENCIES: (1) VISION (2) INNOVATION (3) MANAGING/LEADING CHANGE (4) STRATEGIC PLANNING (5) INTERNAL/EXTERNAL LEADERSHIP (6) DECISION MAKING (7) ABILITY TO MOTIVATE, INSPIRE, CREATE FOLLOWERSHIP AMONG ALL CONSTITUENCIES AND (8) INTEGRITY/ETHICS. THE PROCESS FOR DETERMINING COMPENSATION USES BEST PRACTICES, THIRD PARTY CONSULTANTS, AND RESEARCH AND NATIONAL BENCHMARKS. A COMPENSATION STUDY IS PERFORMED FOR ALL OTHER EMPLOYEES ANNUALLY. THE PERFORMANCE REVIEW PROCESS INCLUDES TWO YEARLY REVIEWS, ONE IN JUNE AND ONE IN JANUARY. DURING THE REVIEW IN JUNE, THE MANAGER CONSIDERS PERFORMANCE COMMITMENTS, OBJECTIVES AND GOALS FOR THE CLOSING FISCAL YEAR AND SETS UPCOMING COMMITMENTS, OBJECTIVES AND GOALS FOR THE NEXT FISCAL YEAR. THE JANUARY MID-YEAR REVIEW IS USED TO EVALUATE PERFORMANCE AT THE HALF-WAY POINT. IN JUNE, SALARY IS SET FOR THE NEXT YEAR, BASED ON BOTH BUDGETARY CONSIDERATIONS FOR THE ORGANIZATION AS WELL AS PERFORMANCE AND ACHIEVEMENT OF OBJECTIVES AND GOALS. SOME EMPLOYEES HAVE THE POTENTIAL FOR "EARNED INCOME" FOR PERFORMANCE AGAINST SPECIFIC GOALS AND OBJECTIVES OR FOR EXTRAORDINARY PERFORMANCE. FOR KEY EMPLOYEES, THE PERSONNEL AND COMPENSATION COMMITTEE APROVES ANY EARNED INCOME BONUSES AWARDED. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PART XII, LINE 2C PROCESS HAS NOT CHNAGED. CCCP COMMUNITY TRUST 200 SOUTH TRYON STREET SUITE 1600 CHARLOTTE NC 28202 010554275 HEATH, WELLNESS, ARTS & EDUCATION INITIATIVES NC 501(C)(3) LINE 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 CCCP COMMUNITY TRUST O 623921 BOOK