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Nonprofiteer
← HIGHLAND RIM ECONOMIC CORPORATION

Form 990 for tax year 2023

Filed by HIGHLAND RIM ECONOMIC CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 14 May 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$7,010,327 changed to $6,898,530
Total expenses
$7,000,358 changed to $4,384,709
Contributions and grants received
$7,003,907 changed to $6,891,721
Grants paid
$1,485,140 changed to $1,487,008
Other revenue
$3,654 changed to $4,043
Total assets, end of year
$2,592,698 changed to $4,791,332
Total liabilities, end of year
$547,316 changed to $396,823
Net assets or fund balances, end of year
$2,045,382 changed to $4,394,509
Program services expenses
$6,797,919 changed to $4,187,110
Management and general expenses
$202,439 changed to $197,599
Program service expenses (Part III)
$6,797,919 changed to $4,187,110

Listed only on the earlier return

  • Boo Beechum
  • David Brown
  • Mike Craig

Listed only on the later return

  • Robert Beechum

Listed under a different title

  • Jamie Davenport: DIRECTOR then SECRETARY
  • Jane Hamrick: EXECUTIVE DI then EXECUTIVE DIRECTOR
  • Kristy Hollinsworth: SECRETARY then DIRECTOR
  • Paul Bailey: VICE CHAIRPE then VICE CHAIRPERSON

Totals

Total revenue
$6,898,530
Total expenses
$4,384,709
Contributions and grants received
$6,891,721
Grants paid
$1,487,008
Program service revenue
$0
Investment income
$2,766
Other revenue
$4,043
Total assets, end of year
$4,791,332
Total liabilities, end of year
$396,823
Net assets or fund balances, end of year
$4,394,509
Program services expenses (Part IX)
$4,187,110
Management and general expenses
$197,599
Fundraising expenses
$0
Program service expenses (Part III)
$4,187,110

Program services were 95.5% 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)

    $6,736,338

  • 1f · All other contributions, gifts and grants

    $155,383

  • 1g · Noncash contributions included above

    $34,677

  • 3 · Investment income

    total $2,766 · excluded $2,766

  • 11a · Other revenue: OTHER REVENUE

    total $4,043 · related or exempt $4,043

  • 11e · Other revenue, total

    $4,043

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,487,008 · program services $1,487,008

  • 7 · Other salaries and wages

    total $1,467,622 · program services $1,333,714 · management and general $133,908

  • 8 · Pension plan contributions

    total $21,327 · program services $18,756 · management and general $2,571

  • 9 · Other employee benefits

    total $384,164 · program services $353,431 · management and general $30,733

  • 10 · Payroll taxes

    total $126,647 · program services $112,787 · management and general $13,860

  • 11c · Fees: accounting

    total $17,635 · program services $17,635

  • 11g · Fees: other

    total $109,883 · program services $109,883

  • 16 · Occupancy

    total $174,137 · program services $157,610 · management and general $16,527

  • 17 · Travel

    total $15,780 · program services $15,780

  • 19 · Conferences, conventions and meetings

    total $14,814 · program services $14,814

  • 22 · Depreciation, depletion and amortization

    total $52,146 · program services $52,146

  • 23 · Insurance

    total $54,857 · program services $54,857

  • 24a · Other expenses: SUPPLIES

    total $208,317 · program services $208,317

  • 24b · Other expenses: FOOD - HEAD START

    total $95,288 · program services $95,288

  • 24c · Other expenses: COMMUNICATIONS

    total $85,436 · program services $85,436

  • 24d · Other expenses: EQUIPMENT

    total $57,616 · program services $57,616

  • 24e · All other expenses

    total $12,032 · program services $12,032

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $316,924

  • 2 · Savings and temporary cash investments

    beginning of year $224,474

  • 4 · Accounts receivable

    beginning of year $665,042 · end of year $853,842

  • 7 · Other notes and loans receivable

    beginning of year $20,070

  • 8 · Inventories for sale or use

    beginning of year $68,729 · end of year $34,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,369 · end of year $8,772

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

    $4,774,898

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

    $1,197,629

  • 10c · Land, buildings and equipment, net

    beginning of year $1,248,482 · end of year $3,577,269

  • 17 · Accounts payable and accrued expenses

    beginning of year $210,249 · end of year $396,823

  • 27 · Net assets without donor restrictions

    beginning of year $1,721,200 · end of year $4,077,958

  • 28 · Net assets with donor restrictions

    beginning of year $298,717 · end of year $316,551

Mission and programs · 2023

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.

    Expenses $2,058,114

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

    Expenses $1,544,511 · Grants $1,487,008

  • THE COMMUNITY SERVICES BLOCK GRANT SERVICE PROVIDES LOW INCOME INDIVIDUALS AND FAMILIES WITH OPPORTUNTIES 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.

    Expenses $143,322

  • ALL OTHER ACTIVITES.

    Expenses $441,163 · Revenue $4,043

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Paul Bailey

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Kristy Hollinsworth

    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
  • Jamie Davenport

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Kenneth Douglas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • David Dunlap

    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
  • Joan Warren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jackie Grunts

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Mike Pogreba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joey Brake

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rachael Mathis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Beechum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Amanda Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jane Hamrick

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    0

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
2023
Filed
14 July 2026
IRS schema version
2023v6.0
Source object
202621969349301307

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