Civic Intelligence

Centennial Park Conservancy

990 • Fiscal year 2024 • EIN 58-1609026

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 17, 2025

PO Box 128139Nashville, TN 37212

(615) 862-6810

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

43rd percentile

0.03x

Higher debt load relative to assets than 43% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

40th percentile

0.04x

Higher debt load relative to revenue than 40% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

3rd percentile

-111%

Higher net margin than 3% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$207,205

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 5.5% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

2nd percentile

-51%

Faster asset growth than 2% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

8.4%

Faster revenue growth than 51% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,214,765

Down $3,448,913 (-45%) from 2022

Net Assets

Down

$4,069,225

Down $3,332,768 (-45%) from 2022

Liabilities

Down

$145,540

Down $116,145 (-44%) from 2022

Revenue

Down

$3,790,466

Down $459,302 (-11%) from 2022

Expenses

Up

$8,000,145

Up $6,104,981 (+322%) from 2022

Net Income

Down

-$4,209,679

Down $6,564,283 (-279%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $396,383Liabilities 2010: $0Net Assets 2010: $396,3832010Assets 2011: $537,738Liabilities 2011: $45,628Net Assets 2011: $492,1102011Assets 2013: $1,120,803Liabilities 2013: $65,786Net Assets 2013: $1,055,0172013Assets 2015: $1,136,268Liabilities 2015: $56,887Net Assets 2015: $1,079,3812015Assets 2016: $6,490,524Liabilities 2016: $115,969Net Assets 2016: $6,374,5552016Assets 2017: $6,777,095Liabilities 2017: $42,695Net Assets 2017: $6,734,4002017Assets 2018: $6,500,010Liabilities 2018: $58,384Net Assets 2018: $6,441,6262018Assets 2020: $5,457,526Liabilities 2020: $183,053Net Assets 2020: $5,274,4732020Assets 2021: $5,267,235Liabilities 2021: $160,105Net Assets 2021: $5,107,1302021Assets 2022: $7,663,678Liabilities 2022: $261,685Net Assets 2022: $7,401,9932022Assets 2024: $4,214,765Liabilities 2024: $145,540Net Assets 2024: $4,069,2252024

Highlighted filing

2024

Assets$4,214,765
Liabilities$145,540
Net Assets$4,069,225

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $493,4602010Expenses 2011: $331,1022011Revenue 2013: $932,450Expenses 2013: $689,085Net Income 2013: $243,3652013Revenue 2015: $1,227,821Expenses 2015: $1,452,204Net Income 2015: -$224,3832015Revenue 2016: $6,888,731Expenses 2016: $1,593,557Net Income 2016: $5,295,1742016Revenue 2017: $1,640,927Expenses 2017: $1,281,082Net Income 2017: $359,8452017Revenue 2018: $1,451,008Expenses 2018: $1,743,782Net Income 2018: -$292,7742018Revenue 2020: $3,864,078Expenses 2020: $919,677Net Income 2020: $2,944,4012020Revenue 2021: $2,768,009Expenses 2021: $2,975,230Net Income 2021: -$207,2212021Revenue 2022: $4,249,768Expenses 2022: $1,895,164Net Income 2022: $2,354,6042022Revenue 2024: $3,790,466Expenses 2024: $8,000,145Net Income 2024: -$4,209,6792024

Highlighted filing

2024

Revenue$3,790,466
Expenses$8,000,145
Net Income-$4,209,679
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$4,003,226
Mission and Program Overview

Mission

To preserve, enhance and share the parthenon and centennial park so that all future generations may benefit from these enriching cultural and educational landmarks.

To sustain the vibrancy of nashville's centennial park, home to the historic parthenon, by supporting metro parks in revitalizing & activating this public green space

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,797,326$3,038,404▼ $3,758,922
Pledges and Grants Receivable$973,334$497,065▼ $476,269
Cash and Non-Interest-Bearing Accounts$369,312$189,670▼ $179,642
Land, Buildings, and Equipment, Net$63,336$56,861▼ $6,475
Prepaid Expenses and Deferred Charges$32,799$5,813▼ $26,986
Total Assets$8,576,844$4,214,765▼ $4,362,079
Other Assets Total$340,737$426,952▲ $86,215
Liabilities
Accounts Payable and Accrued Expenses$165,730$76,411▼ $89,319
Deferred Revenue$168,425$69,129▼ $99,296
Total Liabilities$334,155$145,540▼ $188,615
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,363,752$2,912,966▲ $549,214
Net Assets With Donor Restrictions$5,878,937$1,156,259▼ $4,722,678
Total Net Assets Fund Balance$8,242,689$4,069,225▼ $4,173,464
Total Liabilities and Net Assets / Fund Balance$8,576,844$4,214,765▼ $4,362,079

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$46,233$13,130$59,363
Leasehold Improvements$10,628$2,254$12,882
Other Assets Org$188,422--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$340,737$50,000▲ $41,361-$426,952
2023$298,508-▲ $45,133-$340,737
2022$358,249-▼ $56,809-$298,508
2021$159,636-▲ $17,486-$176,303
2020$143,170-▲ $17,358-$159,636
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John TumminelloPresidentFT$161,223$45,982$207,205
Justin BranamVP of PrograFT$131,555$11,199$142,754
Justin TamVP of DeveloFT$117,719$16,866$134,585
Wendy BuntinSr Director of DFT$105,234-$105,234

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Art SentrySecurity6925 ENGLE ROAD C BUILDING B-1, Cleveland, OH 44130$191,915
Revenue and Support

Revenue Composition

Contributions and Grants
$2,578,969
Program Service Revenue
$258,191
Investment Income
$290,747
Other Revenue
$662,559
All Other Contributions
$2,371,269
Change in Net Assets
$-4,209,679

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,790,466
Revenue Not Reported on Form 990
$287,175
Total Revenue per Audited Statements
$4,077,641
Total Revenue per Form 990
$3,790,466
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,187,137
Salaries, Compensation, and Employee Benefits$1,466,126
Other Expenses$1,346,882
Total Fundraising Expense$694,520
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,187,137--$5,187,137
Other Salaries and Wages$489,151$65,464$257,046$811,661
Current Officers, Directors, Trustees, and Key Employees$266,012$82,882$135,651$484,545
Fees for Services Other$67,080$90,929$90,300$248,309
Advertising$125,479-$33,355$158,834
Payroll Taxes$55,147$11,421$31,105$97,673
Other Employee Benefits$38,242$3,842$19,280$61,364
Information Technology$2,644$7,931$42,298$52,873
Office Expenses$10,965$20,927$11,027$42,919
Insurance$9,488$9,488-$18,976
Conferences and Meetings$814$12,397$1,627$14,838
Pension Plan Contributions$6,414$533$3,936$10,883
Fees for Services Accounting-$10,500-$10,500
Depreciation Depletion-$8,954-$8,954
Other Expenses$718,598$808$7,270$8,078
Fees for Services Legal-$2,378-$2,378
Total Functional Expenses$6,977,171$328,454$694,520$8,000,145

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,251,105
Expenses per Audited Statements$8,000,145
Total Expenses per Form 990$8,000,145
Expenses Not Reported on Form 990$250,960
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Metro Nashville Parks and RecreatioNashville, TNGovTo Revitalize Park$5,139,416
Friends of Metro DanceNashville, TN501c3Security$22,721
Creative Parks NashvilleNashville, TN501c3Arts Support$19,000
Tennessee CraftNashville, TN501c3Program Support$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$25,476
Fundraising Direct Expenses$13,919
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Mc Auction$25,476$25,476$13,919$11,557
Total Events$25,476$25,476$13,919$11,557
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 8B

The organization does not have committees with the authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the board for their review and input prior to filing.

Form 990, Page 6, Part VI, Line 12C

Centennial park conservancy provides a conflict of interest policy to its staff and board members. Each such person must review, sign, and disclose any potential conflicts of interest through an annual disclosure process and whenever such actual or potential conflict occurs. The conservancy's board determines whether or not a conflict of interest exists and whether or not such a conflict materially and adversely affects the interests of the organization. If the board determines that an actual or potential conflict of interest does exist, the board shall also determine an appropriate remedy.

Form 990, Page 6, Part VI, Line 15A

The executive committee determined the president's salary based on a compensation study utilizing candid's 2024 nonprofit compensation report.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Centennial Park Conservancy
EIN
58-1609026
Phone
6158626810
Address
PO BOX 128139, NASHVILLE, TN 37212

Signing Officer

Name
John Tumminello
Title
President
Phone
6158626810
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Tumminello
Formed
1985
Legal Domicile
Tn
Voting Board Members
28
Independent Board Members
28
Employees
51
Volunteers
623

Preparer

Firm
Blankenship CPA Group Pllc
Address
2672 NORTH MT JULIET RD, MT JULIET, TN 37122-8015
Preparer
Jessica Freeman CPA
Phone
6158891153
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To sustain the vibrancy of nashville's centennial park, home to the historic parthenon, by supporting metro parks in revitalizing & activating this public green space to ensure the park remains a welcoming destination for recreation, culture, education & community connection for all.

Form 990, Part III

Program service accomplishment i: centennial park conservancy is a private, nonprofit organization, serving the community through stewardship, programming, and promotion of centennial park and the parthenon in nashville, tennessee. The conservancy's mission is to sustain the vibrancy of nashville's centennial park, home to the historic parthenon, by supporting metro parks in revitalizing and activating this public green space to ensure the park remains a welcoming destination for recreation, culture, education, and community connection for all. The conservancy works in partnership with the metropolitan government of nashville and davidson county, tennessee, department of parks and recreation to support their work in centennial park and the parthenon. Together with metro parks, we served our city by revitalizing the park's green space, underwriting the parthenon's exhibition and educational programs, and presenting accessible and inclusive community programming to sustain the park's vibrancy. A few highlights of the important work we accomplished during 2024: welcomed over 357k parthenon guests and delivered 1,080 education programs to 83k people; funded six art exhibitions; partially funded plans to create a new event pavilion and establish a new croquet cafe within the park; hosted over 12,000 attendees at nashville earth day, gave away 1,000 trees, and donated 60,000 in local environmental grants; implemented a new volunteer program devoted to cleaning the park; impacted 60k children and families across 97 free kidsville children's arts and education events; and hosted 82k individuals at 19 free live music concerts in the park while supporting diverse local musicians, artisans, and vendors.

Form 990, Part XI, Line 9

Change in value of beneficial interest cfmt trust 36,215

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The conservancy established and holds a beneficial interest in an agency endowment fund held by community foundation of middle tennessee (the "community foundation"). Earnings on this fund can be used for general operations. The community foundation has the ultimate authority and control over this fund and income derived therefrom. The fund is charged a .4% administrative fee by the community foundation annually. Upon request by the conservancy, income from the fund representing a 5% annual return may be distributed to the conservancy.

Schedule D, Page 4, Part XI, Line 2D

Special event expenses netted against revenue per 990 13,919 cost of goods sold netted against revenue per 990 64,470 rental expenses netted against revenue per 990 134,371 change in value of beneficial interest in endowment fund 36,215

Schedule D, Page 4, Part XII, Line 2D

Special event expenses netted against revenue per 990 13,919 cost of goods sold netted against revenue per 990 64,470 rental expenses netted against revenue per 990 134,371

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IRS990/MissionDesc0TO SUSTAIN THE VIBRANCY OF NASHVILLE'S CENTENNIAL PARK, HOME TO THE HISTORIC PARTHENON, BY SUPPORTING METRO PARKS IN REVITALIZING & ACTIVATING THIS PUBLIC GREEN SPACE TO ENSURE THE PARK REMAINS A WELCOMING DESTINATION FOR RECREATION, CULTURE, EDUCATION & COMMUNITY CONNECTION FOR ALL.
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