Music City Inc.

“After completion of our annual external audit, the Form 990 is prepared internally by the professional accounting staff of the organization utilizing current reference resources. The process used in completing the form has been previously reviewed by our CPA firm as well as other experienced consultants. A draft of the completed Form 990 is made available to any board members that wish to review it prior to filing.”

“The reporting organization is a relatively small one and all financial transactions undergo multiple levels of internal review and approval. All board members and key staff members review our Conflict of Interest policy annually and disclose any known past or present situations of potential conflict. These disclosures, if any, are reviewed by senior management individuals involved in approving and processing all transactions.”

“The reporting organization has no paid staff, but the President is compensated by a related organization which has an independent Compensation Committee that reviews his compensation annually.”

“In general, other than as required by IRS regulation, the organization does not routinely make its governing documents and internal policies available to the general public. The financial results of the reporting organization are included in the consolidated audited financial statements that are provided by the Nashville Convention and Visitors Bureau to the Metropolitan Government of Nashville as required by contract.”

“2 separate natural disasters struck the city of Nashville in March 2020. The first was a major tornado that caused significant damage in sections of the city, and the second was the COVID-19 pandemic that struck at almost the same time. Music City Inc. raised money from the general public and provided support to the emergency responders in the city working to help victims of both disasters. Money was also raised from the general public to provide Visa gift cards in small amounts to victims to help them purchase necessities to survive until other public assistance could be organized and arranged.”