Southpark Community Partners Inc
- Assets
- $973.4k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- Data as of
- 06/2024
- EIN
- 88-3306150
Organization Overview
Southpark Community Partners Inc is located in Charlotte, NC. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Southpark Community Partners Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southpark Community Partners Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO FURTHER MANAGE AND OPERATE THE MUNICIPAL SERVICE DISTRICT THAT INCLUDES THE SOUTHPARK COMMERICAL DISTRICT IN CHARLOTTE, NORTH CAROLINA AND FOR THE PROMOTION OF THE SOCIAL WELFARE IN THAT AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOUTHPARK COMMUNITY PARTNERS (SCP) IS AN INDEPENDENT NONPROFIT ORGANIZATION FORMED IN JULY 2022 WHOSE MISSION IS TO LEAD ADVANCEMENT IN THE SOUTHPARK AREA OF CHARLOTTE, NORTH CAROLINA BY DRIVING ECONOMIC VITALITY, CREATING MEMORABLE EXPERIENCES, AND ENSURING AN EXTRAORDINARY QUALITY OF LIFE. SCP PROVIDES PROFESSIONAL MANAGEMENT OF THE SOUTHPARK MUNICIPAL SERVICE DISTRICT (MSD-6) THROUGH AN ANNUAL CONTRACT WITH THE CITY OF CHARLOTTE, NORTH CAROLINA. MSD-6 WAS CREATED BY A UNANIMOUS VOTE OF THE CHARLOTTE CITY COUNCIL IN 2022. SCPS ANNUAL PROGRAM OF WORK INCLUDES ADVOCACY, COMMUNITY DEVELOPMENT, ECONOMIC DEVELOPMENT, MARKETING AND EVENTS, PLACEMAKING, AND URBAN PLANNING. SCP IS GOVERNED UNDER NORTH CAROLINAS MUNICIPAL SERVICE DISTRICT STATUTE AND BY AN INDEPENDENT BOARD OF DIRECTORS THAT PROVIDES OVERSIGHT AND LEADERSHIP ON BEHALF OF SOUTHPARK AND CHARLOTTE STAKEHOLDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Rehw President & CEO | Officer | 50 | $213,272 |
R Christopher Thomas Chairman | OfficerTrustee | 2 | $0 |
Randall Thomas Vice Chair | OfficerTrustee | 1 | $0 |
Robert Aulebach Treasurer | OfficerTrustee | 2 | $0 |
Jonathan Polking Ex Officio | Trustee | 1 | $0 |
Bill Bartee Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,554 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,554 |
| Total Program Service Revenue | $1,808,964 |
| Investment income | $12,846 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,879,455 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $213,272 |
| Compensation of current officers, directors, key employees. | $43,859 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $362,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,847 |
| Advertising and promotion | $189,992 |
| Office expenses | $0 |
| Information technology | $9,546 |
| Royalties | $0 |
| Occupancy | $30,412 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,109 |
| Insurance | $0 |
| All other expenses | $52,306 |
| Total functional expenses | $1,619,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,179 |
| Savings and temporary cash investments | $101,347 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,500 |
| 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 | $10,981 |
| Net Land, buildings, and equipment | $71,864 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,501 |
| Total assets | $973,372 |
| Accounts payable and accrued expenses | $93,157 |
| Grants payable | $0 |
| Deferred revenue | $8,700 |
| 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 | $101,857 |
| Net assets without donor restrictions | $871,515 |
| 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 | $973,372 |