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Nonprofiteer
← EAST TENNESSEE ECONOMIC COUNCIL INC

Form 990 for tax year 2024

Filed by EAST TENNESSEE ECONOMIC COUNCIL INC.

Totals

Total revenue
$950,607
Total expenses
$869,913
Contributions and grants received
$330,375
Grants paid
$0
Program service revenue
$612,515
Investment income
$7,717
Other revenue
$0
Total assets, end of year
$395,226
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$395,226
Program services expenses (Part IX)
$733,258
Management and general expenses
$136,655
Fundraising expenses
$0
Program service expenses (Part III)
$733,258

Program services were 84.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $330,375

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $612,515 · related or exempt $612,515

  • 3 · Investment income

    total $7,717 · excluded $7,717

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $163,478 · program services $147,130 · management and general $16,348

  • 7 · Other salaries and wages

    total $229,253 · program services $206,328 · management and general $22,925

  • 8 · Pension plan contributions

    total $11,782 · program services $10,604 · management and general $1,178

  • 9 · Other employee benefits

    total $2,225 · program services $2,002 · management and general $223

  • 10 · Payroll taxes

    total $30,285 · program services $27,257 · management and general $3,028

  • 11a · Fees: management

    total $12,700 · management and general $12,700

  • 11c · Fees: accounting

    total $7,263 · management and general $7,263

  • 13 · Office expenses

    total $28,124 · program services $28,124

  • 17 · Travel

    total $14,949 · program services $13,402 · management and general $1,547

  • 19 · Conferences, conventions and meetings

    total $5,971 · program services $5,971

  • 23 · Insurance

    total $2,102 · management and general $2,102

  • 24a · Other expenses: WORKSHOP

    total $223,422 · program services $223,422

  • 24b · Other expenses: MARKETING

    total $59,868 · management and general $59,868

  • 24c · Other expenses: FOOD SERVICE

    total $39,681 · program services $39,681

  • 24d · Other expenses: CREDIT CARD FEES

    total $15,904 · program services $15,904

  • 24e · All other expenses

    total $22,906 · program services $13,433 · management and general $9,473

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $166,556 · end of year $140,579

  • 2 · Savings and temporary cash investments

    beginning of year $156,695 · end of year $254,647

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,719 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $314,532 · end of year $395,226

Mission and programs · 2024

Mission

PROMOTION OF REGIONAL DEVELOPMENT OF THE KNOXVILLE AND OAK RIDGE AREA OF EAST TENNESSEE BY EXPLORING BROAD OPPORTUNITIES FOR GROWTH, SPECIFICALLY IN ENERGY TECHNOLOGY AND ENCOURAGING THE NEED FOR UNIFIED ACTION TOWARD COMMON COMMUNITY GOALS.

Activities or mission (Part I)

PROMOTION OF REGIONAL DEVELOPMENT OF THE KNOXVILLE AND OAK RIDGE AREA OF EAST TENNESSEE.

  • PROVIDED SUPPORT OF REGIONAL DEVELOPMENT OF THE KNOXVILLE AND OAK RIDGE AREA OF EAST TENNESSEE.

    Expenses $733,258 · Revenue $612,515

As filed on the 2024 return.

Listed in Part VII

  • Deb Crawford

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Lindsey Twardy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Steve Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Gene Sievers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Angelique Adams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Aylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Ken Barry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Sasha Little

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Patrick Birmingham

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Kelli Chaney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Mark Ellison

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Sean Gleason

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Marty Gray

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Harry Gross

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Steve Hicks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Travis Howerton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Randy Inklebarger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Mike Laufer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Misty Mayes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Scott McKinney

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Randy Merritt-Resigned In Dec

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Susana Navarro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Eric Nolan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Andy Page

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bert Robinson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Travis Roth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Russell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David Sholl

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Storch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Stephen Streiffer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Balendra Sutharshan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Rich Tighe

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tom Tuck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Danni Varlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Phil Voegtle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • David Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jacqueline Whiteside

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Loong Yong

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Alan Liby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joel Duling

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Josh Patterson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Joe Heckman

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Cortney Piper

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Harry Boston

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Ryan Overton

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Gerald Boyd

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Bill Tindal

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    0.5
  • Tracy Boatner

    PRESIDENT

    Total calculated
    $163,105
    From this org
    $158,354
    From related orgs
    $0
    Other
    $4,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,354
    Bonus
    $0
    Other
    $0
    Deferred
    $4,751
    Nontaxable benefits
    $0
    Filer's total
    $163,105
  • Eric Abelquist

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Tom Ballard

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • David Bradhsaw

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Sherry Browder

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Bonnie Carroll

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Buddy Heins

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Alan Icenhour

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Leigha Justice

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Barry Stephenson

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Cathy Toth

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Chris Whaley

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • Bob Van Hook

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2025
IRS schema version
2024v5.2
Source object
202522269349303012

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