2020-04-06T20:41:33-07:00 2019-06-30 990 2018-07-01 342064764 MUSIC CITY INC MUSI 6152594708 150 4th Ave North G250 Nashville TN 37219 Jeff Mefford CFO 6152594708 2020-04-06 209.235.175.114 2018 2020-09-22 18:59:49Z Christopher Spyridon 150 4th Ave N Ste G250 Nashville TN 37219 8102915 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 13 9 0 30 0 0 6057762 7968046 119152 134422 406 447 0 0 6177320 8102915 88438 312928 0 0 0 0 0 0 30965 6069732 7681871 6158170 7994799 19150 108116 1287333 1124311 976891 705753 310442 418558 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. 0 0 4713127 0 74077 Produced the annual public New Year's Eve Music City Midnight event, providing free live music and fireworks for the general public to bring the city together and celebrate the transition into the new year. 2508047 0 59188 Produced the annual public July 4th concert and fireworks display on behalf of the city of Nashville at Riverfront Park in downtown Nashville. 207731 202928 0 Provided communications services, needed public safety equipment, and other public works assistance to the Metropolitan Government of Nashville. 176098 0 1157 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. 164848 110000 0 Produced a celebrity event that was free and open to the public in conjunction with the NFL Draft being held in the city by the NFL Organization. This event raised funds that were donated to 4 local charities. 88368 0 0 Continued to maintain and enhance the Music City Walk of Fame through induction ceremonies to add additional plaques to the Walk, and by performing necessary ongoing maintenance to the existing inlays. The Walk is a public display of recognition for individuals and groups who have been instrumental in the development of the city's rich musical heritage. 35032 0 0 Produced multiple music focused events to showcase the variety of musical, culinary and other creative talent that exists in the city. 20020 0 0 Provided tickets to local charitable organizations serving underprivileged youth in the city to a USA soccer match being held in Nashville. 17311 0 0 Purchased uniforms and other supplies for a program in Nashville that provides employment to members of the homeless population in the city. 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. 501677 110000 1157 7930582 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 91 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 9 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 150 4th Ave N G-250 Nashville TN 37219 Ed Hardy Board Chairman 1 0 X 0 0 0 Pat Martin Board Member 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 0 X 0 0 0 Jeff Pennington Board Member 1 0 X 0 0 0 Holly Williams Board Member 1 0 X 0 0 0 Christopher Spyridon Board Member/President 8 60 X X 0 1093410 34587 Jeff Mefford Board Member/Treasurer 8 50 X X 0 247756 33385 Deana Ivey Board Member 8 50 X 0 356912 38313 Mary Arnold Board Member 8 50 X 0 175854 34268 0 1873932 140553 0 0 1 0 Guitar Monkey Touring Inc c/o CAA 401 Commerce Street Nashville TN 37219 Musical Performance Services 600000 Sunbelt Rentals PO Box 409211 Atlanta GA 30384 Equipment rental 564517 Bandit Lites 2233 Sycamore Dr Knoxville TN 37921 Staging equipment rental 404029 Pyro Shows Inc PO Box 1776 LaFollette TN 37766 Pyrotechnic Display Services 265000 Lady A'd Productions Inc PO Box 340020 Nashville TN 37203 Musical performance services 251000 17 0 0 0 5618760 1200000 1149286 0 7968046 Music City July 4th Celebration 711300 59188 59188 0 0 Music City New Year's Eve event 711300 74077 74077 0 0 Public sports team celebration 711300 1157 1157 0 0 0 0 0 0 134422 447 0 0 447 0 0 0 0 0 0 0 0 0 0 0 0 0 0 8102915 134422 0 447 312928 312928 6100 6100 5669 4804 865 7560653 7529688 30965 22010 22010 Music City Walk of Fame maintenance 46331 46331 0 0 Taxes and Licenses 4277 0 4277 0 Contributor program uniforms 16811 16811 0 0 Soccer tickets for youth organizations 20020 20020 0 0 7994799 7930582 33252 30965 576036 396652 48368 603701 627691 136547 46329 59228 90218 9750 1287333 1124311 135121 115403 701585 590350 140185 0 976891 705753 X 310442 418558 0 0 0 0 310442 418558 1287333 1124311 108116 0 0 0 0 0 X 0 1 1 0 X 3402529 6292293 6139318 6057762 7968046 29859948 3402529 6292293 6139318 6057762 7968046 29859948 19793998 10065950 256 428 397 406 447 1934 0 0 29861882 0.33708 0.35998 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 136547 46329 90218 0 0 0 0 90218 0 0 X 8102915 0 0 0 0 0 8102915 0 0 0 8102915 7994800 0 0 0 1 1 7994799 0 0 0 7994799 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 XII, Line 2d Rounding difference 1 Metropolitan Government of Nashville 1 Public Square Nashville TN 37201 620694743 0 202928 Purchase price Public safety equipment To provide equipment resources for Nashville's first responders and public parks system Tennessee Golf Foundation 400 Franklin Rd Franklin TN 37069 581893478 501(c)(3) 25000 0 To support and encourage youth participation in sporting activities Nashville Predators Foundation 501 Broadway Nashville TN 37203 621751832 501(c)(3) 35000 0 To support and encourage youth participation in sporting activities Tennessee Titans Foundation PO Box 844 Houston TX 77001 760611503 501(c)(3) 25000 0 To support and encourage youth participation in sporting activities Vanderbilt University Medical Center PO Box 121236 Dallas TX 75312 352528741 501(c)(3) 25000 0 To support the regional services and research provided by the Children's Hospital 5 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 purposes 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 489850 0 516763 0 86797 0 16500 0 18087 0 1127997 0 40886 Deana Ivey Board Member 0 269788 0 80000 0 7123 0 16500 0 21813 0 395224 0 0 Jeff Mefford Board Member/Treasurer 0 198748 0 42000 0 7007 0 15182 0 18204 0 281141 0 0 Mary Arnold Board Member 0 130052 0 40000 0 5802 0 8916 0 25352 0 210122 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 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 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 that reviews his compensation annually. Form 990, Part VI, Section C, Line 19 In general, other than as required by IRS regulation, 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 150 4th Avenue North Suite G250 Nashville TN 37219 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 5564210 Program sponsorships/contributions as necessary to 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 entity, 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.