2011-11-15T14:10:54-06:00 2011-06-30 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2010-07-01 621125122 CARTER STREET CORPORATION CART 4237560001 1 CARTER PLAZA PO BOX 6008 CHATTANOOGA TN 37401 MIKE SHUFORD 4237560001 2011-11-10 1 JERRY SMITH 4237567771 2011-11-10 2010 2016-03-07 17:11:31Z MIKE SHUFORD 1 CARTER PLAZA PO BOX 6008 CHATTANOOGA TN 37401 6507693 0 X WWW.CHATTCONVENTION.ORG X 1981 TN ENCOURAGE ECONOMIC DEVELOPMENT 7 7 163 0 0 0 817750 359580 5527582 6148113 -7595 0 0 0 6337737 6507693 0 0 0 0 2892866 2875365 0 0 0 3739672 3637662 6632538 6513027 -294801 -5334 11972091 11846456 417775 329458 11554316 11516998 ENCOURAGE ECONOMIC DEVELOPMENT 0 0 3999391 5415786 THE ORGANIZATION OWNS AND MANAGES A TRADE CENTER FOR THE PURPOSE OF ENCOURAGING THE ECONOMIC DEVELOPMENT OF CHATTANOOGA AND HAMILTON COUNTY. 164790 732327 THE ORGANIZATION OWNS AND MANAGES A PARKING GARAGE FOR THE PURPOSE OF ENCOURAGING ECONOMIC DEVELOPMENT OF CHATTANOOGA AND HAMILTON COUNTY. 4164181 1 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 0 0 0 0 0 1 10 0 163 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 2.00 X 0 0 0 BILL RAINES 2.00 X 0 0 0 JIM HUDSON III 2.00 X 0 0 0 CURTIS JOHNSON 2.00 X 0 0 0 HICKS ARMOR 2.00 X 0 0 0 REV PAUL MCDANIEL 2.00 X 0 0 0 ANNE WILKINS 2.00 X 0 0 0 MIKE SHUFORD 40.00 X 125510 0 0 125510 0 0 1 0 0 0 ELECTRIC POWER BOARD 10 WEST ML KING BLVD CHATTANOOGA TN 37402 673344 US FOOD SERVICE 9399 WEST HIGGINS RD STE 500 ROSEMONT IL 60018 349542 PRESENTATION SERVICES 827 BROAD STREET CHATTANOOGA TN 37402 287069 WALDEN SECURITY 100 E 10TH ST 400 CHATTANOOGA TN 37402 276612 SYSCO FOODS 1390 ENCLAVE PARKWAY HOUSTON TX 77077 136204 5 359580 359580 BANQUET 722320 2957986 2957986 EVENTS 722210 1752816 1752816 GARAGE 812930 732327 732327 RENT 531190 392466 392466 BAR AND CONCESSION 722410 312518 312518 6148113 6507693 6148113 0 0 125510 125510 2212802 1060056 1152746 102566 102566 263242 43787 219455 171245 72899 98346 375 375 13159 13159 17953 17953 18217 18217 884755 796279 88476 4448 4448 620121 582913 37208 133047 13304 119743 FOOD COSTS 851664 851378 286 MISC COST- EVENT 480094 480094 CONTRACTUAL SERVICES 303454 303454 EQUIPMENT MAINTENANCE 206253 185267 20986 MATERIAL COSTS 76699 76699 27423 1505 25918 6513027 4164181 2348846 0 868653 1158316 176831 85884 68370 52061 63701 29051 25484223 14963079 10632036 10521144 162500 0 11972091 11846456 417775 329458 417775 329458 X 922280 995854 10632036 10521144 0 0 11554316 11516998 11972091 11846456 X -5334 -31984 X X 0 1 1 X 0 X 411745 255750 314250 299250 359580 1640575 6319119 6176059 6068561 5527582 6148113 30239434 6730864 6431809 6382811 5826832 6507693 31880009 0 0 0 31880009 665 5222 5887 665 5222 5887 6731529 6437031 6382811 5826832 6507693 31885896 0.99980 0.00020 X 2709075 2709075 19695207 12131484 7563723 3079941 2831595 248346 10521144 6507693 6513027 -5334 -31984 -31984 -37318 6507693 0 6507693 0 6507693 6513027 0 6513027 0 6513027 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 ORGANIZATIONS 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, 2011, 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 SALARIS OF EXECUTIVES IN COMPARABLE POSITIONS. THE EXECTIVE DIRECOTR 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: -31,984. THE ORGANIZATION'S FULL BOARD OF DIRECTORS ASSUMES RESPOSIBILITY 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.