Carter Street Corporation

Organization Overview

Carter Street Corporation is located in Chattanooga, TN. The organization was established in 1982. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Carter Street Corporation employed 71 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carter Street Corporation 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 06/2022, Carter Street Corporation generated $6.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $6.9m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

ENCOURAGE ECONOMIC DEVELOPMENT

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION OWNS AND MANAGES A CONVENTION CENTER FOR THE PURPOSE OF ENCOURAGING THE ECONOMIC DEVELOPMENT OF CHATTANOOGA AND HAMILTON COUNTY.


THE ORGANIZATION OWNS AND MANAGES A PARKING GARAGE FOR THE PURPOSE OF ENCOURAGING ECONOMIC DEVELOPMENT OF CHATTANOOGA AND HAMILTON COUNTY.


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Board, Officers & Key Employees

Name (title)Compensation
Mike Shuford
Executive Director
$135,757
Bill Raines
Asst. Secretary/director
$0
Jim Hudson III
Chairman
$0
Curtis Johnson
Vice Chairman
$0
Hicks Armor
Treasurer
$0
Becky Browder
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Walden Security
Security Services
$250,824
Sysco Foods
Food Products
$144,390
Jake Marshall Service Inc
Hvac Maintenance
$118,974
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $881,922
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$881,922
Total Program Service Revenue$5,478,296
Investment income $236,321
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 $6,596,539

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Carter Street Corporation has recieved totaling $11,793.

Awarding OrganizationAmount
Community Foundation Of Greater Chattanooga Inc

Chattanooga, TN

PURPOSE: WOMEN OF DISTINCTION EVENT RENTAL

$11,793
View Grant Recipient Profile

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