Nashville Downtown Partnership Inc
- Assets
- $7.9m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 15
- Location
- Nashville, TN
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 62-1774641
Organization Overview
Nashville Downtown Partnership Inc is located in Nashville, TN. The organization was established in 1999. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Nashville Downtown Partnership Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Downtown Partnership Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Nashville Downtown Partnership Inc generated $18.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $17.7m during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAKE DOWNTOWN NASHVILLE THE URBAN CENTER OF THE SOUTHEAST IN WHICH TO LIVE, WORK, PLAY & INVEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE DOWNTOWN AMBASSADORS WHO PATROL THE SIDEWALKS AND PUBLIC SPACE TO AID IN THE SAFETY, CLEANLINESS AND HOSPITALITY OF THE AREA 365 DAYS A YEAR. THE SAFETY AMBASSADORS LOGGED 17,468 PATROL MILES ON SEGWAYS IN 2022. IN 2022, THE CLEAN TEAM REMOVED 928,824 POUNDS OF TRASH AND 35,774 SQUARE FEET OF GRAFFITI, AND POWER WASHED 1,246,797 LINEAR FEET OF BLOCK FEET AND,1,163,982 LINEAR FEET OF ALLEY FEET.
TO IMPROVE THE ACCESSIBILITY AND IMAGE OF THE DOWNTOWN AREA, THE NDP MANAGES TWO CITY-OWNED DOWNTOWN PARKING FACILITIES FOR THE METRO GOVT. OF NASHVILLE. THIS PROVIDES AN IMPROVED PARKING EXPERIENCE FOR VISITORS AND PATRONS, AND ADDRESSES ONE OF THE PERCEIVED OBSTACLES TO LIVING, WORKING AND VISITING DOWNTOWN. ALSO, NDP OPERATES REMOTE PARKING AND SHUTTLE OPERATIONS FROM NISSAN STADIUM FOR DOWNTOWN EMPLOYEES DURING THE WORKWEEK. NDP OPERATES AND RUNS PARK IT DOWNTOWN WEBSITE.
SERVES AS THE CENTRALIZED SOURCE OF INFORMATION SHARING REGARDING DOWNTOWN ACTIVITIES THROUGH VOLUNTEER COMMITTEES, NETWORKING EVENTS, THREE WEBSITES, SOCIAL MEDIA APPLICATIONS, AND 52 WEEKLY E-NEWSLETTERS. TOTAL FACEBOOK FOLLOWERS AS OF DECEMBER 2022 ARE 110,391. TOTAL FOLLOWERS ON THE TWITTER ACCOUNTS ARE 179,377, TOTAL INSTAGRAM FOLLOWERS ARE 61,248 AND TOTAL LINKEDIN FOLLOWERS ARE 1,019. AS OF DECEMBER 2022, THE WEEKLY NEWSLETTER HAD A TOTAL OF 31,014 SUBSCRIBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Hastings Chairman | OfficerTrustee | 2 | $0 |
Johnny Moore Vice Chairman | OfficerTrustee | 2 | $0 |
Sean Henry Immediate Past Chairman | OfficerTrustee | 2 | $0 |
Becky Harrell Treasurer | OfficerTrustee | 2 | $0 |
Keith Miles Secretary | OfficerTrustee | 2 | $0 |
Teresa Broyles Aplin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $515,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $279,117 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $515,884 |
| Total Program Service Revenue | $17,854,820 |
| Investment income | $39,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12,600 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,440,300 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $283,522 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $430,257 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,187,734 |
| Pension plan accruals and contributions | $3,201 |
| Other employee benefits | $30,095 |
| Payroll taxes | $180,194 |
| Fees for services: Management | $82,250 |
| Fees for services: Legal | $28,919 |
| Fees for services: Accounting | $26,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,914,022 |
| Advertising and promotion | $69,418 |
| Office expenses | $63,786 |
| Information technology | $136,072 |
| Royalties | $0 |
| Occupancy | $140,735 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $374,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $415,020 |
| Insurance | $138,344 |
| All other expenses | $478,595 |
| Total functional expenses | $17,667,923 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,075,935 |
| Savings and temporary cash investments | $4,644,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,201,551 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $29,017 |
| Net Land, buildings, and equipment | $967,728 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,918,597 |
| Accounts payable and accrued expenses | $2,884,502 |
| Grants payable | $0 |
| Deferred revenue | $1,576,149 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,460,651 |
| Net assets without donor restrictions | $3,457,946 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,918,597 |