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Nonprofiteer
← HIGHLAND RIM ECONOMIC CORPORATION

Form 990 for tax year 2022

Filed by HIGHLAND RIM ECONOMIC CORPORATION.

Totals

Total revenue
$4,413,638
Total expenses
$4,353,125
Contributions and grants received
$4,413,638
Grants paid
$1,310,741
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,230,166
Total liabilities, end of year
$210,249
Net assets or fund balances, end of year
$2,019,917
Program services expenses (Part IX)
$4,168,031
Management and general expenses
$185,094
Fundraising expenses
$0
Program service expenses (Part III)
$4,168,031

Program services were 95.7% 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.

  • 1e · Government grants (contributions)

    $4,413,638

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,310,741 · program services $1,310,741

  • 7 · Other salaries and wages

    total $1,678,143 · program services $1,543,892 · management and general $134,251

  • 8 · Pension plan contributions

    total $31,797 · program services $29,253 · management and general $2,544

  • 9 · Other employee benefits

    total $382,014 · program services $351,453 · management and general $30,561

  • 10 · Payroll taxes

    total $156,053 · program services $143,569 · management and general $12,484

  • 11c · Fees: accounting

    total $12,460 · program services $12,460

  • 11g · Fees: other

    total $125,222 · program services $125,222

  • 13 · Office expenses

    total $46,388 · program services $46,388

  • 14 · Information technology

    total $71,572 · program services $71,572

  • 16 · Occupancy

    total $65,673 · program services $60,419 · management and general $5,254

  • 17 · Travel

    total $21,695 · program services $21,695

  • 19 · Conferences, conventions and meetings

    total $24,871 · program services $24,871

  • 23 · Insurance

    total $67,854 · program services $67,854

  • 24a · Other expenses: SUPPLIES

    total $179,973 · program services $179,973

  • 24b · Other expenses: FOOD - HEAD START

    total $89,180 · program services $89,180

  • 24c · Other expenses: EQUIPMENT

    total $51,796 · program services $51,796

  • 24d · Other expenses: DUES & SUBSCRIPTIONS

    total $29,787 · program services $29,787

  • 24e · All other expenses

    total $7,906 · program services $7,906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,986

  • 2 · Savings and temporary cash investments

    beginning of year $298,717 · end of year $224,474

  • 4 · Accounts receivable

    beginning of year $475,921 · end of year $665,042

  • 7 · Other notes and loans receivable

    beginning of year $36,009 · end of year $20,070

  • 8 · Inventories for sale or use

    beginning of year $59,472 · end of year $68,729

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,253 · end of year $3,369

  • 10a · Land, buildings and equipment: cost or other basis

    $2,984,248

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,735,766

  • 10c · Land, buildings and equipment, net

    beginning of year $1,248,482 · end of year $1,248,482

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,019 · end of year $210,249

  • 23 · Secured mortgages and notes payable

    beginning of year $113,417

  • 27 · Net assets without donor restrictions

    beginning of year $1,660,687 · end of year $1,721,200

  • 28 · Net assets with donor restrictions

    beginning of year $298,717 · end of year $298,717

Mission and programs · 2022

Mission

TO COORDINATE RESOURCES TO EMPOWER AND TO INSPIRE PEOPLE TO REACH THEIR FULL POTENTIAL.

  • HEAD START CHILD DEVELOPMENT SERVICES FOR LOW INCOME FAMILIES AND FAMILIES WITH DISABLED CHILDREN. HEAD START PROGRAMS ARE ADMINISTERED IN MULTIPLE LOCATIONS SERVING APPROXIMATELY 266 CHILDREN.

  • LOW INCOME HOME ENERGY ASSISTANCE GRANTED TO OVER A THOUSAND LOW INCOME FAMILIES.

  • THE COMMUNITY SERVICES BLOCK GRANT SERVICE PROVIDES LOW INCOME INDIVIDUALS AND FAMILIES WITH OPPORTUNITIES FOR IMPROVING THEIR LIVES. THESE OPPORTUNITIES ARE AVAILABLE THROUGH FOUR NEIGHBORHOOD SERVICE CENTERS IN A FOUR COUNTY REGION OF MIDDLE TENNESSEE. PROGRAMS PROVIDED DURING THE YEAR INCLUDED EMERGENCY SERVICES, NUTRITION, AND LINKAGES.

  • ALL OTHER ACTIVITIES

    Expenses $4,168,031 · Grants $1,310,741

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Brown

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • Paul Bailey

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Hallie Gerber

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Kristy Hollinsworth

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Robin Brandon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Bridges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christine Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynn Coffinberry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Craig

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jamie Davenport

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Douglas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Dunlap

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vena Fredericks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bob Rial

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paula Skelton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessie Wallace

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joan Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tracy Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349312495

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