2015-09-18T11:02:15-05:00 2015-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2014-07-01 621125122 CARTER STREET CORPORATION CART 4237560001 1 CARTER PLAZA PO BOX 6008 CHATTANOOGA TN 37401 MIKE SHUFORD EXECUTIVE DIRECTOR 4237560001 2015-09-15 1 JERRY SMITH CPA P00104258 4237567771 2015-09-15 2014 2016-04-25 22:37:26Z MIKE SHUFORD 1 CARTER PLAZA PO BOX 6008 CHATTANOOGA TN 37401 7119620 0 X WWW.CHATTCONVENTION.ORG X 1981 TN ENCOURAGE ECONOMIC DEVELOPMENT 7 7 156 0 0 0 500000 450000 6230108 6669620 0 0 0 0 6730108 7119620 0 0 0 0 2736177 2976767 0 0 0 3896054 4107326 6632231 7084093 97877 35527 11476971 11539365 251118 277985 11225853 11261380 ENCOURAGE ECONOMIC DEVELOPMENT 0 0 4465860 5835957 THE ORGANIZATION OWNS AND MANAGES A CONVENTION CENTER FOR THE PURPOSE OF ENCOURAGING THE ECONOMIC DEVELOPMENT OF CHATTANOOGA AND HAMILTON COUNTY. 177281 833663 THE ORGANIZATION OWNS AND MANAGES A PARKING GARAGE FOR THE PURPOSE OF ENCOURAGING ECONOMIC DEVELOPMENT OF CHATTANOOGA AND HAMILTON COUNTY. 4643141 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 156 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 TN X X CAROLYN HARDEMAN 4237560001 1 CARTER PLAZA PO BOX 6008 CHATTANOOGA TN 37401 DON MERCER DIRECTOR 2.00 X 0 0 0 BILL RAINES ASSISTANT SECRETARY/DIRECT 2.00 X X 0 0 0 ANNE WILKINS DIRECTOR 2.00 X 0 0 0 JIM HUDSON III CHAIRMAN 2.00 X 0 0 0 CURTIS JOHNSON VICE CHAIRMAN 2.00 X 0 0 0 HICKS ARMOR TREASURER 2.00 X 0 0 0 REV PAUL MCDANIEL SECRETARY 2.00 X 0 0 0 MIKE SHUFORD EXECUTIVE DIRECTOR 40.00 X 100721 0 18188 100721 0 18188 1 0 0 0 ELECTRIC POWER BOARD 10 WEST ML KING BLVD CHATTANOOGA TN 37402 ELECTRICAL SERV. 666952 WALDEN SECURITY 100 E 10TH ST 400 CHATTANOOGA TN 37402 SECURITY SERV. 296940 SYSCO FOODS 1390 ENCLAVE PARKWAY HOUSTON TX 77077 FOOD PRODUCTS 266556 TAI PING CARPET 715 CURTIS PARKWAY CALHOUN GA 30701 CARPETING INSTALLATION 253179 US FOOD SERVICE 9399 WEST HIGGINS RD STE 500 ROSEMONT IL 60018 FOOD PRODUCTS 209243 7 450000 450000 BANQUET 722320 3018269 3018269 EVENTS 722210 1897632 1897632 GARAGE 812930 833663 833663 RENT 531190 478229 478229 BAR AND CONCESSION 722410 441827 441827 6669620 7119620 6669620 0 0 118909 118909 2416221 1241581 1174640 272279 38169 234110 169358 76848 92510 12822 12822 482 482 40202 40202 21548 21548 892530 803277 89253 6809 6809 636197 598025 38172 156043 15604 140439 FOOD COSTS 1024153 1023953 200 MISC COST- EVENT 409700 409700 EQUIPMENT MAINTENANCE 335868 302281 33587 CONTRACTUAL SERVICES 320092 320092 250880 133703 117177 7084093 4643141 2440952 0 1618176 1925968 450807 402021 48359 54300 52885 30428 23864496 14737848 9306744 9126648 11476971 11539365 251118 277985 251118 277985 X 1917359 2134732 9308494 9126648 0 0 11225853 11261380 11476971 11539365 35527 0 X X 0 1 X 1 0 X 359580 511927 500000 500000 450000 2321507 6148113 5879250 5761935 6230108 6669620 30689026 6507693 6391177 6261935 6730108 7119620 33010533 0 0 0 33010533 6507693 6391177 6261935 6730108 7119620 33010533 1.00000 1.00000 0.00000 X 2709075 2709075 20369930 14264089 6105841 785491 473759 311732 9126648 X 7119620 0 7119620 0 7119620 7084093 0 7084093 0 7084093 PART X, LINE 2: THE CORPORATION ADOPTED THE PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10-25 (FORMERLY FASB INTERPRETATION NO. 48, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES) ON JULY 1, 2009. UNDER ASC 740-10-25, AN ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE IMPLEMENTATION OF ASC 740-10-25 HAD NO IMPACT ON THE FINANCIAL STATEMENTS. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS. NO INTEREST OR PENALTIES WERE ACCRUED AS OF JULY 1, 2009, AS A RESULT OF THE ADOPTION OF ASC 740-10-25. FOR THE YEAR ENDED JUNE 30, 2015, THERE WERE NO INTEREST OR PENALTIES RECORDED OR INCLUDED IN THIS FINANCIAL STATEMENT. X 0 0 X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A DRAFT OF THE 990 WILL BE PRESENTED TO THE FULL BOARD OF DIRECTORS, WHICH WILL THEN REVIEW AND APPROVE IT. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY OUTLINING ALL OF THEIR AFFILIATIONS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS PERFORMS AN ANNUAL PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR AND ADJUSTS COMPENSATION ANNUALLY. SALARY AND BENEFIT PACKAGES ARE AWARDED BASED ON MERIT AND ARE IN LINE WITH SALARIES OF EXECUTIVES IN COMPARABLE POSITIONS. THE EXECTIVE DIRECTOR SETS ALL EMPLOYEE COMPENSATIONS THAT ARE SUBJECT TO APPROVAL BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS PUBLISHED ON THE CITY OF CHATTANOOGA AND HAMILTON COUNTY'S WEBSITES. IT IS ALSO AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S FULL BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS' FINANCIAL STATEMENTS AND THE FULL BOARD OF DIRECTORS IS ALSO RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT ACCOUNTANT. CITY OF CHATTANOOGA 101 E 11TH STREET CHATTANOOGA TN 37402 CHATTANOOGA CITY GOVERNMENT TN 0 CHATTANOOGA AREA CONVENTION AND VISITORS' BUREAU 215 BROAD STREET CHATTANOOGA TN 37402 CITY VISITORS' BUREAU TN 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CITY OF CHATTANOOGA C 150000 CASH CHATTANOOGA AREA CONVENTION AND VISITORS' BUREAU C 300000 CASH