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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Memphis River Parks Partnership Inc.

Memphis River Parks Partnership Inc.

Fiscal year ending 2024. Filed on January 17, 2025.

40 South Main 2800 2800
Memphis, Tennessee 38103

Memphis River Parks Partnership Inc. (EIN: 62-1811726) has filed an IRS Form 990 between fiscal years 2017 and 2024. In its fiscal year 2024 IRS Form 990 filing, Memphis River Parks Partnership Inc., a 501(c)(3) charitable organization, reported compensation for 4 out of 37 total employees. Among the employees shown here, the average compensation is $181,805. The highest compensated employee at Memphis River Parks Partnership Inc. is Carol Coletta with fiscal year 2024 compensation of $253,442. Memphis River Parks Partnership Inc. changed its name from Riverfront Development Corporation in 2024.

Revenue, expenses, and employee compensation

Revenue

$5,404,990

Expenses

$11,056,601

Employee compensation

$1,826,436
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Carol Coletta
President
$253,442
$234,417 No related comp$19,025
Arthur Davis
Chief Operating Officer
$167,287
$152,228 No related comp$15,059
George Abbot
External Affairs Director
$153,719
$138,805 No related comp$14,914
Michael Nolan
Director of Riverfront Property
$152,772
$144,808 No related comp$7,964

Benchmark Employee Compensation

Non-Employee Board Members

Alan Crone
Board Member
Amity Schuyler
Board Member
Billy Orgel
Board Member
Bruce B Hopkins
Board Member
Bruce McMullen
Board Member
Calvin Anderson
Secretary
Cathy Lynch
Board Member
Chandell Ryan
Board Member ex officio
Eric Brown
Board Member
Gabe Franceschi
Board Member
Gary K Wunderlich Jr
Board Member
Gregory M Ducket
Chair Emeritus

Contractors

Montgomery Martin Contractors LLC
Construction
$4,831,439
Memphis Light Gas and Water
Utility
$719,998
Tetra Tech Inc.
Construction
$473,637
First Horizon Bank
Construction Retainer
$303,911
Grazz Masters LLC
Lawn Care
$229,856

Mission Statement

MEMPHIS RIVER PARKS PARTNERSHIP WORKS WITH AND FOR THE PEOPLE OF MEMPHIS TO TRIGGER THE TRANSFORMATIVE POWER OF OUR RIVER. THE PARTNERSHIP MANAGES, MAINTAINS, OPERATES, AND ACTIVATES FIVE CONNECTED RIVERFRONT PARK DISTRICTS OF 250 ACRES OF PARKLAND. BUILDING FROM THE MEMPHIS RIVERFRONT CONCEPT, THE PARTNERSHIP WORKS TO CREATE A CONNECTED, CATALYTIC, AND FUN RIVERFRONT FOR EVERYONE.

Revisions to this organization profile

January 17, 2025:
2024 Memphis River Parks Partnership Inc. 990 filed
January 22, 2024:
2023 Memphis River Parks Partnership Inc. 990 filed
December 6, 2022:
2022 Memphis River Parks Partnership Inc. 990 filed

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