Arts & Business Council Of Greater Nashville Inc
- Assets
- $815.3k
- Revenue
- $662.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2006
- Data as of
- 06/2024
- EIN
- 20-3255129
Organization Overview
Arts & Business Council Of Greater Nashville Inc is located in Nashville, TN. The organization was established in 2006. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arts & Business Council Of Greater Nashville Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Arts & Business Council Of Greater Nashville Inc generated $662.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $623.5k during the year ending 06/2024. While expenses have increased by 14.1% per year over the past 9 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
ARTS & BUSINESS COUNCIL OF GREATER NASHVILLE SUPPORTS AND PROMOTES THE ARTS BY DRIVING COLLABORATION BETWEEN ARTS AND BUSINESS THAT CONTRIBUTE TO THE CREATIVITY, VITALITY, AND PROSPERITY OF GREATER NASHVILLE/THE REGIONS/THE CITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING & EDUCATING THE CREATIVE COMMUNITY: ABC PROVIDES DIRECT SERVICES, KEY OPPORTUNITIES AND EDUCATION TO THE CREATIVE COMMUNITY TO HELP THEM MASTER THE BUSINESS OF ART.CREATING ARTS & BUSINESS PARTNERSHIPS: ABC CREATES MUTUALLY BENEFICIAL PARTNERSHIPS BETWEEN ARTS AND BUSINESS AND PROMOTES DYNAMIC LEADERSHIP IN NASHVILLE ARTS COMMUNITY BY COMMUNITY TRAINING.ENGAGING BUSINESS WITH THE ARTS: ABC INSPIRES WORKPLACE CREATIVITY IN BUSINESS TO DEMONSTRATE THE IMPACT OF THE ARTS THROUGH TANGIBLE BENEFITS AND DEVELOPE LIFE LONG PARTICIPANTS AND SUPPORTERS.FISCAL SPONSORSHIP: ABC INCUBATES ARTS PROJECTS AND EMERGING ARTS ORGANIZATIONS BY ALLOWING THEM TO RECEIVE TAX-DEDUCTIBLE DONATIONS AS THEY GROW, AS WELL AS PROVIDING THE ADMINISTRATIVE STRUCTURE AND SUPPORT THEY NEED TO SCALE SUSTAINABLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Mcmillan Palm Executive Director | Officer | 40 | $81,996 |
Jacki Artis Director | Trustee | 1 | $0 |
Joseph Hudak Director | Trustee | 1 | $0 |
Marcia Masulla Director | Trustee | 1 | $0 |
Kearstin Patterson Director | Trustee | 1 | $0 |
Tracy D Sharpley-Whiting 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 | $589,358 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $589,358 |
| Total Program Service Revenue | $55,251 |
| Investment income | $18,024 |
| 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 | $662,633 |
| 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. | $81,996 |
| Compensation of current officers, directors, key employees. | $12,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $248,677 |
| 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 | $12,252 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,007 |
| Advertising and promotion | $3,873 |
| Office expenses | $4,601 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,865 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,306 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,985 |
| All other expenses | $5,344 |
| Total functional expenses | $623,513 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $781,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $34,130 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $815,251 |
| Accounts payable and accrued expenses | $4,610 |
| Grants payable | $0 |
| Deferred revenue | $127,500 |
| 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 | $178,746 |
| Total liabilities | $310,856 |
| Net assets without donor restrictions | $494,320 |
| Net assets with donor restrictions | $10,075 |
| 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 | $815,251 |