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Nonprofiteer
← NORTHEAST TENNESSEE REGIONAL ECONOMIC PARTNERSHIP INC

Form 990 for tax year 2022

Filed by NORTHEAST TENNESSEE REGIONAL ECONOMIC PARTNERSHIP INC.

Totals

Total revenue
$306,835
Total expenses
$916,132
Contributions and grants received
$261,482
Grants paid
$452,000
Program service revenue
$42,921
Investment income
$0
Other revenue
$2,432
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$359,794

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)

    $261,482

  • 2a · Program service revenue: PLEDGE REVENUE

    total $42,921 · related or exempt $42,921

  • 11a · Other revenue: OTHER INCOME

    total $2,432 · related or exempt $2,432

  • 11e · Other revenue, total

    $2,432

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $452,000

  • 5 · Compensation of officers, directors and key employees

    total $172,784

  • 7 · Other salaries and wages

    total $76,179

  • 9 · Other employee benefits

    total $23,439

  • 10 · Payroll taxes

    total $18,599

  • 11g · Fees: other

    total $47,084

  • 12 · Advertising and promotion

    total $1,000

  • 13 · Office expenses

    total $6,302

  • 24a · Other expenses: FACILITY/OFFICE

    total $36,420

  • 24b · Other expenses: OUTDOOR RECREATION

    total $30,000

  • 24c · Other expenses: GENERAL AND ADMINISTRAT

    total $23,047

  • 24d · Other expenses: COMMUNICATIONS

    total $14,229

  • 24e · All other expenses

    total $15,049

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $526,728 · end of year $0

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $97,500 · end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,688 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $489 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $3,800 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,764

  • 25 · Other liabilities

    beginning of year $21,144 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $609,297 · end of year $0

Mission and programs · 2022

Mission

TO ENHANCE JOB GROWTH AND INCREASE THE TAX BASE BY ENGAGING BUSINESS LEADERS THROUGH COLLABORATION WITH EXISTING BUSINESSES TO EXPAND, BUILD THEIR SUPPLY CHAINS, ACTIVELY RECRUIT NEW EMPLOYERS IN TARGETED SECTORS, AND ATTRACT EDUCATED TALENT.

Activities or mission (Part I)

TO ENHANCE ECONOMIC DEVELOPMENT IN NORTHEAST TENNESSEE.

  • ECONOMIC DEVELOPMENT: TO SEEK APPROPRIATE PROPERTIES AVAILABLE IN THE AREA FOR INTERESTED BUSINESSES; FACILITATE THE DEVELOPMENT OF INDUSTRIAL PARKS; FACILITATE THE RESEARCH AND STUDIES FOR THE EXPANSION OF CURRENT UTILITY SERVICES; AND PROVIDE SUPPORT SERVICES FOR CURRENT EXISTING BUSINESS IN THE AREA.

    Expenses $359,794 · Revenue $45,353

As filed on the 2022 return.

Listed in Part VII

  • Jeremy Ross

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Andy Hall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Neil Poland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Jimmy Rhein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Rab Summers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Danny Tester

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • John Bradley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Lee Brown

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Patty Woodby

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Philip Cox

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Dykes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Cathy Ball

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Joe Grandy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Logan Engle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Bo Wilkes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Garland Evely

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Will Barrett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3

  • Mitch Miller

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $182,657
    From this org
    $159,000
    From related orgs
    $0
    Other
    $23,657
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,657
    Filer's total
    $182,657

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS.

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

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202441369349302004

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