Charlotte Center City Partners

Nonprofit profile at a glance

EIN
561247787
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Charlotte, NC, USA
Phone
7043322227
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$8,289,889
Expenses
$8,008,204
Assets
$5,521,033
Liabilities
$2,896,107

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

45 people listed

Executive titles in this filing

  • MICHAEL SMITH (PRESIDENT/CEO)

Highest reported compensation

  • MICHAEL SMITH (PRESIDENT/CEO): $643,960 total reported compensation
  • ROBERT KRUMBINE (SR VP PROGRAMMING & EVENTS): $223,187 total reported compensation
  • MOIRA QUINN KLEIN (SR VP COMMUNICATION/COO): $217,230 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charlotte center city partners (cccp) boldly envisions and activates strategies and actions that will assure charlotte center city is a welcoming and equitable, economically vibrant, culturally rich and beloved place for all.

What it reported doing in 2024

Cccp includes planning the uptown vibrancy collaborative, planning and development, economic and community development, research, marketing, communications, south end and uptown neighborhood constituent services and operations under this area. Cccp is working with public and private partners to enhance public safety, improve perception, produce weekly programming, and drive economic vitality. Economic development is strong. Our state of the center city report and event bring economic development professionals and brokers the information they need to market the urban core to employers and site selectors. Cccp has completed the n. Tryon vision plan and is working on targeted implementation and programming. Our marketing and communications teams are focusing on our social media, websites, traditional media, electronic newsletter, and partner campaigns as our primary communications channels. Other ongoing programs include management of the tryon street vendor program and permitting of special event and banner placement. Cccp also has a management agreement with the market at 7th street to provide functional support and strategic planning regarding the market's strategy, vision, governance, programming, tenanting, fundraising, pr, marketing and finance. South end is a complete neighborhood with strong growth in the office and hotel sectors to compliment the robust residential offerings. We do targeted economic development support, when invited, in historic west end. One of cccp's core missions is to work with uptown and south end neighborhood associations to enhance constituent services for center city residents through communication and advocacy. Cccp helps connect these organizations with each other by working with neighborhoods on initiatives including parks and open space, education, events and programming, public safety, parking management and lighting.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 95
  • Accountability: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.4%; rating input score 77
  • Program expense ratio: 80.6%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.4%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.52; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 25.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 77.4% of revenue deployed · 80.6% of spending went to programs
  • Governance: 25 of 25 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $6.5M in reported program spending
  • Leadership: top reported pay $644K · 45 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $778K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 46/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.