2018-03-28T16:10:18-07:00 2017-06-30 990 2016-07-01 342064764 MUSIC CITY INC MUSI 6152594708 150 4th Ave North G250 Nashville TN 37219 Jeff Mefford CFO 6152594708 2018-03-28 12.153.14.18 2016 2021-01-29 14:40:06Z Christopher Spyridon 150 4th Ave N Ste G250 Nashville TN 37219 6387680 0 X X 2006 TN Enhance the music environment of Nashville by providing music-related events and services to the general public 9 5 0 30 0 0 6292293 6139318 237499 247965 428 397 0 0 6530220 6387680 5250 10000 0 0 0 0 0 0 29360 6388666 6430486 6393916 6440486 136304 -52806 910773 1586532 566675 1295240 344098 291292 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. 1 0 2954229 0 74846 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. 2068027 0 50048 Produced the annual public July 4th concert and fireworks display on behalf of the city of Nashville at Riverfront Park in downtown Nashville. 950531 0 123021 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 a local professional sports team. 137400 0 0 Provided free tickets to multiple youth organizations (Boys & Girls Clubs, Boy Scouts, Girl Scouts, etc) to two professional league soccer matches held in the city during the year. 120568 0 0 Provided communication services, needed equipment, and other public works assistance to the Metropolitan Government of Nashville. 100889 0 50 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. 36464 0 0 Produced multiple music focused events to showcase the variety of musical, culinary and other creative talent that exists in the city. 11449 10000 0 Provided water and other assistance to the victims of the wildfires that occurred in Gatlinburg, TN during the year. 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. 406770 10000 50 6379557 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 79 0 1 0 0 0 0 0 0 0 0 0 0 0 X 9 5 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 Bob Bedell Board Member 1 0 X 0 0 0 Ed Hardy Board Member 1 0 X 0 0 0 Jason Sheer Board Member 1 0 X 0 0 0 Ken Levitan Board Member 1 0 X 0 0 0 Pat Martin Board Member 1 0 X 0 0 0 Christopher Spyridon Board Member/President 8 60 X X 0 792340 56555 Jeff Mefford Board Member/Treasurer 8 50 X X 0 211024 30586 Deana Ivey Board Member 8 50 X 0 297392 34185 Mary Arnold Board Member 4 50 X 0 167616 28216 0 1468372 149542 0 0 1 0 Guitar Monkey Touring Inc c/o CAA 401 Commerce Street Nashville TN 37219 Musical Performance Services 500000 Sunbelt Rentals PO Box 409211 Atlanta GA 30384 Equipment rental 468651 Rock Solid Security Inc 546 Rosedale Ave Nashville TN 37211 Special Event Security 463375 Contemporary Services Corp PO Box 511282 Los Angeles CA 90051 Special Event Security 269555 Crew One Productions 750 Cowan St Nashville TN 37207 Special Event Production Services 267272 13 0 0 0 4449978 780000 909340 0 6139318 Public sports team celebration 711300 123021 123021 0 0 Music City New Year's Eve event 711300 74846 74846 0 0 Music City July 4th Celebration 711300 50048 50048 0 0 Other Public Music Related Programs 711300 50 50 0 0 0 0 0 0 247965 397 0 0 397 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6387680 247965 0 397 0 0 10000 10000 5700 0 5700 0 7272 5951 1321 0 461 0 461 0 6125867 6096507 0 29360 9576 0 9576 0 Provide free soccer tickets to youth organizations 137400 137400 0 0 Metro Nashville Govt public works programs 103220 103220 0 0 Music City Walk of Fame maintenance 26479 26479 0 0 Taxes & Licenses 14511 0 14511 0 6440486 6379557 31569 29360 274647 652019 397112 211662 59947 9576 50371 239014 672480 910773 1586532 46565 726440 520110 568800 0 566675 1295240 X 344098 291292 0 0 0 0 344098 291292 910773 1586532 -52806 0 0 0 0 0 X 0 1 X 1 0 X 2458225 2244176 3402529 6292293 6139318 20536541 2458225 2244176 3402529 6292293 6139318 20536541 12419660 8116881 141 198 256 428 397 1420 0 0 0 0 20537961 887942 0.39521 0.46545 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 0 0 0 0 59947 9576 50371 0 0 0 0 50371 Receivable from related organization 672480 672480 0 X 6387679 0 0 0 0 0 6387679 0 1 1 6387680 6440485 0 0 0 0 0 6440485 0 1 1 6440486 Schedule D, Part X, Line 2 The Foundation 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 fifty percent likely of being realized upon ultimate settlement. The Foundation has no tax penalties or interest reported in the accompanying financial statements. Schedule D, Part XI, Line 4b Rounding difference Schedule D, Part XII, Line 4b Rounding difference 1 The reporting organization provided assistance to help victims recover from the Gatlinburg TN wildfires to 18 separate individuals, each of whom received less than $5000. 18 10000 0 Schedule I, Part I, Line 2 The grants made to individuals by the reporting organization this year were small separate amounts to individuals in our industry who were personally harmed by the wildfires that occurred around the Gatlinburg TN area this year. This was a one-time event and such grants are not a normal ongoing activity of the organization. 0 0 0 0 0 0 0 0 0 Christopher Spyridon Board Member/President 0 451000 0 308285 0 33055 0 33900 0 22655 0 848895 0 0 Deana Ivey Board Member 0 215212 0 78000 0 4179 0 14196 0 19989 0 331576 0 0 Jeff Mefford Board Member/Treasurer 0 175321 0 29700 0 6003 0 12873 0 17713 0 241610 0 0 Mary Arnold Board Member 0 121816 0 42500 0 3301 0 8225 0 19991 0 195833 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 that reviews and sets the compensation annually. Form 990, Part III, Line 2 On behalf of the city government of Nashville, the organization produced entertainment events that were free and open to the public to bring local citizens together to celebrate the success of a local professional sports team. 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 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 4385077 Program sponsorships/contributions as necessary to fund program services Nashville Convention & Visitors Bureau n 0 The Nashville Convention & Visitors Bureau controls the reporting organization through Board nomination, and provides office space and minimal administrative functions required by the reporting entity, which has no staff of its own. Nashville Convention & Visitors Bureau o 0 The Nashville Convention & Visitors Bureau provides volunteer administrative support and event production services for the reporting organization, which has no staff of its own. The organization timely filed a Form 8868 Automatic Extension request, which was approved by the IRS.