2022-05-06T12:54:40-07:00 2021-06-30 990 2020-07-01 342064764 MUSIC CITY INC MUSI 6152594708 500 11th Ave N Ste 650 Nashville TN 37203 Jeff Mefford CFO 6152594708 2022-05-06 1 11 0 AAL2 2020 2022-09-23 18:48:47Z X Christopher Spyridon 500 11th Ave N Ste 650 Nashville TN 37203 910030 0 X X 2006 TN Enhance the music environment of Nashville by providing music-related events and services to the general public and to the Metropolitan Government of Nashville 18 14 0 20 0 0 9182461 816496 160682 93457 562 77 0 0 9343705 910030 1786121 338037 0 0 0 0 0 0 9939 7833219 356624 9619340 694661 -275635 215369 441553 1706208 298630 1347916 142923 358292 X Enhance the music environment of Nashville and lessen the burden on government by producing music related events and other related services for the general public, and providing event related supplies and services to the Metro Government of Nashville. During this fiscal year, the organization also provided support to both the Metro Government of Nashville and individual victims affected by both the COVID 19 pandemic as well as the Christmas Day bombing that took place in downtown Nashville. 1 0 214500 214500 0 Responded to a truck bomb explosion in downtown Nashville on Christmas Day 2020 by raising private funds to provide victims displaced by the damage with 500 dollar VISA gift cards to help them with immediate living expenses while larger recovery efforts were being developed. Over 300 gift cards were distributed. This funding also allowed Music City Inc to make donations to support the benevolence funds of local and state law enforcement agencies who responded to the emergency and saved many lives by their efforts. 135912 0 0 Produced a modified New Years Eve event for the city which was aired locally on television. The normal public concert event could not be held due to COVID restrictions, but it was important to mark the occasion for the city and provide some sense of normalcy during the pandemic. 125137 123537 92569 Continued our efforts to assist the Metro Government of Nashville as well as the local music community in their efforts to deal with the COVID crisis. As in the previous year, we coordinated services to support the city staff members who were on the front lines at COVID testing centers and the city's emergency response center. Funding was also raised privately to support local music establishments that were not allowed to operate due to COVID gathering restrictions. 114221 0 0 Produced a modified televised event to celebrate the 4th of July. We could not produce the normal live public concert with fireworks due to the existing COVID gathering restrictions. 37120 0 888 On behalf of the Metropolitan Government of Nashville, produced multiple live entertainment events that were free and open to the public to bring together the citizens of the city to celebrate the success of local professional sports teams. 18343 0 0 Provided communications services and other event production assistance to the Metropolitan Government of Nashville. 0 0 0 Worked with the Career Academies of Nashville, particularly on the hospitality career path. This career path is included in 5 high schools throughout Metro Nashville, and encourages students to consider hospitality as a career by incorporating career elements into current curriculum and providing them hands-on training and experience at industry businesses. This academy is particularly important to the industry as it will help provide a steady stream of prepared candidates into the workforce for current businesses to support our growing capacity. 169684 0 888 645233 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 51 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X X Nashville Convention and Visitors Bureau 6152594708 500 11th Ave N Ste 650 Nashville TN 37203 Christopher Spyridon Board Member/President 8 60 X X 0 809667 278109 Deana Ivey Board Member 8 50 X 0 293453 28475 Jeff Mefford Board Member/CFO 8 50 X X 0 205168 25208 Mary Arnold Board Member 8 50 X 0 135077 30023 Ed Hardy Board Chairman 1 0 X 0 0 0 Bob Patterson Board Member 1 0 X 0 0 0 Mignon Francois Board Member 1 0 X 0 0 0 Laura Hollingsworth Board Member 1 0 X 0 0 0 Doug Kreulen Board Member 1 0 X 0 0 0 Kevin Lavender Board Member 1 2 X 0 0 0 Jeff Pennington Board Member 1 0 X 0 0 0 Holly Williams Board Member 1 0 X 0 0 0 Hugh Anderson Board Member 1 0 X 0 0 0 Greg Hill Board Member 1 0 X 0 0 0 Seamus Ross Board Member 1 0 X 0 0 0 Sally Williams Board Member 1 0 X 0 0 0 Clint Gray Board Member 1 0 X 0 0 0 Claire Tucker Board Member 1 0 X 0 0 0 0 1443365 361815 0 0 1 0 Finn Partners 700 12th Ave S Suite 400 Nashville TN 37203 PR Services 543223 Sunbelt Rentals PO Box 409211 Atlanta GA 30384 Equipment rental 392981 Crew One Productions Inc 750 Cowan St Nashville TN 37207 Staging production crew services 335298 Anderson Benson Insurance 3322 West End Ave Suite 500 Nashville TN 37203 Business insurance 138510 Bandit Lites 2233 Sycamore Dr Knoxville TN 37921 Outdoor event lighting 119796 7 0 0 0 46650 206504 563342 0 816496 Metro Nashville OEM Support 624230 92569 92569 0 0 Public Sports Team Celebration 711300 888 888 0 0 0 0 0 0 93457 77 0 0 77 0 0 0 0 0 0 0 0 0 0 0 0 0 0 910030 93457 0 77 138654 138654 199383 199383 3100 3100 4110 3049 1061 314086 304147 9939 27309 27309 Taxes and Licenses 8019 0 8019 0 694661 645233 39489 9939 63710 765006 6000 77016 815142 136547 100947 62909 35600 237918 84460 441553 1706208 298630 60774 1287142 0 0 298630 1347916 X 142923 358292 0 0 142923 358292 441553 1706208 215369 0 0 0 0 0 X 0 1 X 1 0 X 6139318 6057762 7968046 9182461 816496 30164083 6139318 6057762 7968046 9182461 816496 30164083 14473400 15690683 397 406 447 562 77 1889 30165972 0.52015 0.49614 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 136547 100947 35600 0 0 0 0 35600 0 X 910029 0 0 0 0 0 910029 0 1 1 910030 694661 0 0 0 0 0 694661 0 0 0 694661 Schedule D, Part X, Line 2 The organization follows FASB ASC guidance related to unrecognized tax benefits. The guidance clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The organization has no tax penalties or interest reported in the accompanying financial statements. Schedule D, Part XI, Line 4b Rounding differences 1 Metropolitan Government of Nashville 1 Public Square Nashville TN 37201 620694743 94154 Actual purchase price Meals to emergency workers To assist the city government in their response to the COVID pandemic, the reporting organization provided on-site meals to the health and OEM staffs to allow them to continue to work straight through their days while they served the community. Tennessee State Troopers Association PO Box 17939 Nashville TN 37217 474465111 501(c)(3) 22250 In recognition of the work of the members of this law enforcement agency to mitigate the loss of life and investigate the perpetrator of the Christmas Day bombing in downtown Nashville, a portion of the private donations raised were donated to this police benevolent organization. Metropolitan Nashville Police Department 600 Murfreesboro Pike Nashville TN 37210 620694743 22250 In recognition of the work of the members of this law enforcement agency to mitigate the loss of life and investigate the perpetrator of the Christmas Day bombing in downtown Nashville, a portion of the private donations raised were donated to this police benevolent organization. 3 0 In response to the shutdowns caused by the COVID pandemic, as well as the truck bomb explosion in downtown Nashville on Christmas Day 2020, the reporting organization raised private donations from the general public and provided individual VISA gift cards valued at 500 dollars to individuals who were direct victims of these disasters. This was to help them provide for daily necessities of life while larger public assistance programs were being organized. No one individual received more than 1000 dollars of assistance from the program. 400 500 0 Schedule I, Part I, Line 2 Grants and other assistance are primarily made to local non-profit organizations, music and hospitality related organizations or individuals, and to the local city of Nashville Metropolitan Government to assist in carrying out programs that further the exempt purpose of the reporting organization, in that they are engaged in enhancing the music environment of the city or to lessen the burdens of government. The reporting organization is an active partner in most of these activities, and as such, is able to monitor the use of the assistance in a very tangible way. 0 0 0 0 0 0 0 0 0 Christopher Spyridon Board Member/President 0 445896 0 336763 0 27008 0 260985 0 17124 0 1087776 0 0 Deana Ivey Board Member 0 269875 0 19000 0 4578 0 6802 0 21673 0 321928 0 0 Jeff Mefford Board Member/CFO 0 185768 0 14300 0 5100 0 4779 0 20429 0 230376 0 0 Mary Arnold Board Member 0 121534 0 10300 0 3243 0 3221 0 26802 0 165100 0 0 Schedule J, Part I, Line 3 While the reporting organization has no paid staff, the President is compensated by a related organization which has an independent Compensation Committee of the board that reviews and sets the compensation annually. Form 990, Part III, Line 2 In response to a truck bomb explosion in downtown Nashville on Christmas Day 2020, the reporting organization raised private funds to provide some limited assistance to the victims who were displaced by the explosion to help with daily living expenses while public assistance programs were under development. Form 990, Part VI, Section B, Line 11b After completion of our annual external audit, the Form 990 is prepared internally by the professional accounting staff of the reporting organization utilizing current reference resources. The process used in completing the form has been previously reviewed by our CPA firm as well as other experienced consultants. A draft of the completed Form 990 is made available to any board members that wish to review it prior to filing. Form 990, Part VI, Section B, Line 12c The reporting organization is a relatively small one and all financial transactions undergo multiple levels of internal review and approval. All board members and key staff members review our Conflict of Interest policy annually and disclose any known past or present situations of potential conflict. These disclosures, if any, are reviewed by senior management individuals involved in approving and processing all transactions. Form 990, Part VI, Section B, Line 15 The reporting organization has no paid staff, but the President is compensated by a related organization which has an independent Compensation Committee of the board that reviews his compensation annually. Form 990, Part VI, Section C, Line 19 In general, other than as required by IRS regulations, the organization does not routinely make its governing documents and internal policies available to the general public. The financial results of the reporting organization are included in the consolidated audited financial statements that are provided by the Nashville Convention and Visitors Bureau to the Metropolitan Government of Nashville as required by contract. Nashville Convention & Visitors Bureau 500 11th Ave N Ste 650 Nashville TN 37203 020700616 Promote tourism and convention activity within Nashville TN 501(c)(6) N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Nashville Convention & Visitors Bureau c 0 When necessary, the related organization provides sponsorships/contributions as needed to fully fund program services. Nashville Convention & Visitors Bureau n 0 The related organization controls the reporting organization through Board member nomination, and provides office space and minimal administrative function support required by the reporting organization, which has no staff of its own. Nashville Convention & Visitors Bureau o 0 The related organization provides volunteer administrative support and event production services for the reporting organization, which has no staff of its own. The reporting organization timely filed a Form 8868 Automatic Extension request, which was approved by the IRS.