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Riverfront Development Corporation

Memphis River Parks Partnership

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621811726 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Riverfront Development Corporation?

The Riverfront Development Corporation, doing business as the Memphis River Parks Partnership, is a nonprofit organization situated in Memphis, Tennessee. Based at 40 South Main 2800, their primary mission is to catalyze the transformative potential of the city's riverfront. They manage, maintain, operate, and activate five interconnected riverfront park districts spanning over 250 acres of land. The partnership aims to create a lively, connected, and enjoyable riverfront for the entire community, building upon the Memphis Riverfront Concept. With a workforce of 30 individuals, they collaborate with and serve the people of Memphis, enhancing public spaces and fostering community engagement.


Official website here: www.memphisriverparks.org

Is Riverfront Development Corporation legitimate?

Riverfront Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riverfront Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $248,255
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,142,392

For more financial information, click here


Official website here: www.memphisriverparks.org

What is the mission statement of Riverfront Development Corporation?

The Riverfront Development Corporation works towards harnessing the transformative power of a river for the benefit of everyone. They manage, maintain, operate, and activate five connected riverfront park districts, covering 250 acres of parkland. The organization aims to create a unified, stimulating, and enjoyable riverfront experience for all people. Building upon the concept of the Memphis Riverfront, this partnership strives to foster a connected and catalytic riverfront environment.


Official website here: www.memphisriverparks.org

Who is the CEO of Riverfront Development Corporation?

Carol Coletta is the Chair of Riverfront Development Corporation.


Official website here: www.memphisriverparks.org

What is the revenue of Riverfront Development Corporation?

Riverfront Development Corporation's revenue in 2023 was $7,696,270.


Official website here: www.memphisriverparks.org

Who are the executives of Riverfront Development Corporation and what are their salaries?

The average compensation at Riverfront Development Corporation during 2023 was $46,355. There are 30 employees and 180 volunteers at Riverfront Development Corporation.

Here are 35 key members and their salaries:

    Carol Coletta (President)
  • Compensation: $229,454
  • Related: $0
  • Other: $18,800

    • Arthur Davis (Chief Operating Officer)
  • Compensation: $144,075
  • Related: $0
  • Other: $14,881

    • George Abbot (Director Of External Affai)
  • Compensation: $135,838
  • Related: $0
  • Other: $14,795

    • Margaret C Johnson (Director Of Special Projects And Design)
  • Compensation: $113,645
  • Related: $0
  • Other: $8,073

    • Tyree Daniels (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ray Pohlman (Immediate Past Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Clark (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sam Cantor (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tammy Locascio (Assistant Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gregory M Ducket (Chairperson Emeritus) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Calvin Anderson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Craddock (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alan Crone (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dallas Geer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jw Gibson Ii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Liz Gilliland (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Jordan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce B Hopkins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Laura Morris (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Billy Orgel (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amity Schuyler (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Teresa Sloyan (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Van D Turner Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jason Wexler (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Woods (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gary K Wunderlich Jr (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jen Andrews (Board Member - Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Young (Board Member - Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michalyn Easter-Thomas (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kristen Wright (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Shanea Mckinney (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eric Brown (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michelle Mckissack (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kontji Anthony (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gabe Franceschi (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.memphisriverparks.org

    Where can I find the form 990 for Riverfront Development Corporation?

    The Riverfront Development Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.memphisriverparks.org

    Learn more at the official website: www.memphisriverparks.org

    Mission Statement of Riverfront Development Corporation

    The Riverfront Development Corporation, with a focus on the people of Memphis, strives to harness the transformative power of their river. This organization manages, maintains, operates, and activates five interconnected riverfront park districts, encompassing a total of 250 acres of parkland. By building upon the Memphis Riverfront concept, the Riverfront Development Corporation aims to create a unified, catalytic, and enjoyable riverfront experience for everyone. Its mission is to bring people together, fostering a sense of community and engaging them in the revitalization of their city's waterfront.

    Impact

    This information is meant to be a general summary of Riverfront Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Riverfront Development Corporation, operating as the Memphis River Parks Partnership, has had a significant impact on the community of Memphis. By managing, maintaining, and activating five connected riverfront park districts spanning 250 acres of parkland, the organization has worked to create a connected, catalytic, and fun riverfront for everyone in the city. Through their efforts, they have triggered the transformative power of the river for the people of Memphis, fostering community improvement and enhancing the quality of life for residents. Their dedication to revitalizing the riverfront area has not only created recreational opportunities but has also contributed to the overall well-being and economic development of the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $4,844
  • Program Service Revenue: $4,716,600
  • Gross Receipts: $7,696,361

    • Assets and Liabilities:
  • Total Assets: $25,503,761
  • Total Liabilities: $18,183,192
  • Net Assets: $7,320,569
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONTRACT REVENUE

    Revenue

    $3,024,000

    PARKS REVENUE

    Revenue

    $949,276

    BEALE STREET LANDING

    Revenue

    $743,324

    Organization Details

    Founding Year

    2000

    Principal Officer

    Carol Coletta

    Main Address

    40 SOUTH MAIN 2800, MEMPHIS, TN, 38103

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Riverfront Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.