Form 990 for tax year 2024
Filed by GREATER KNOXVILLE CHAMBER OF COMMERCE.
Totals
- Total revenue
- $5,351,314
- Total expenses
- $5,067,051
- Contributions and grants received
- $3,979,430
- Grants paid
- $0
- Program service revenue
- $1,017,198
- Investment income
- $51,458
- Other revenue
- $303,228
- Total assets, end of year
- $3,885,247
- Total liabilities, end of year
- $2,232,701
- Net assets or fund balances, end of year
- $1,652,546
- Program services expenses (Part IX)
- $4,497,180
- Management and general expenses
- $569,871
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,497,180
Program services were 88.8% 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
$2,168,930
-
1e · Government grants (contributions)
$1,810,500
-
2a · Program service revenue: ADMINISTRATIVE SERVICE
total $755,462 · related or exempt $755,462
-
2b · Program service revenue: PROGRAM AND EVENTS
total $256,175 · related or exempt $256,175
-
2c · Program service revenue: REBATES
total $5,561 · unrelated business $5,561
-
3 · Investment income
total $51,458 · excluded $51,458
-
6a · Gross rents
real property $104,262
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $104,262
-
6d · Net rental income or loss
total $104,262 · excluded $104,262
-
11a · Other revenue: CAM REVENUE
total $116,366 · related or exempt $116,366
-
11b · Other revenue: GRANTS AND AWARDS
total $42,151 · related or exempt $42,151
-
11c · Other revenue: OTHER REVENUES
total $28,140 · related or exempt $28,140
-
11d · All other revenue
total $12,309 · related or exempt $12,309
-
11e · Other revenue, total
$198,966
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $382,675 · program services $382,675
-
7 · Other salaries and wages
total $2,496,753 · program services $2,107,071 · management and general $389,682
-
8 · Pension plan contributions
total $91,174 · program services $78,185 · management and general $12,989
-
9 · Other employee benefits
total $181,008 · program services $150,699 · management and general $30,309
-
10 · Payroll taxes
total $205,091 · program services $189,891 · management and general $15,200
-
11c · Fees: accounting
total $70,708 · program services $66,297 · management and general $4,411
-
12 · Advertising and promotion
total $34,968 · program services $34,968
-
13 · Office expenses
total $175,619 · program services $154,558 · management and general $21,061
-
16 · Occupancy
total $152,845 · program services $128,676 · management and general $24,169
-
17 · Travel
total $32,761 · program services $32,584 · management and general $177
-
19 · Conferences, conventions and meetings
total $59,623 · program services $53,554 · management and general $6,069
-
20 · Interest
total $17,720 · program services $15,144 · management and general $2,576
-
22 · Depreciation, depletion and amortization
total $108,341 · program services $89,579 · management and general $18,762
-
23 · Insurance
total $64,476 · program services $60,400 · management and general $4,076
-
24a · Other expenses: BUSINESS PARK EXPENSES
total $352,473 · program services $352,473
-
24b · Other expenses: EVENTS AND HOSPITALITY
total $208,147 · program services $203,959 · management and general $4,188
-
24c · Other expenses: MISCELLANEOUS
total $105,973 · program services $89,018 · management and general $16,955
-
24d · Other expenses: SOFTWARE
total $92,478 · program services $82,721 · management and general $9,757
-
24e · All other expenses
total $234,218 · program services $224,728 · management and general $9,490
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $988,255 · end of year $1,166,393
-
2 · Savings and temporary cash investments
beginning of year $309,512 · end of year $368,452
-
4 · Accounts receivable
beginning of year $755,403 · end of year $731,103
-
9 · Prepaid expenses and deferred charges
beginning of year $85,522 · end of year $74,128
-
10a · Land, buildings and equipment: cost or other basis
$3,491,687
-
10b · Land, buildings and equipment: accumulated depreciation
$1,955,072
-
10c · Land, buildings and equipment, net
beginning of year $1,605,424 · end of year $1,536,615
-
15 · Other assets
beginning of year $21,622 · end of year $8,556
-
17 · Accounts payable and accrued expenses
beginning of year $477,107 · end of year $461,353
-
19 · Deferred revenue
beginning of year $1,375,246 · end of year $1,360,542
-
23 · Secured mortgages and notes payable
beginning of year $523,480 · end of year $402,015
-
25 · Other liabilities
beginning of year $21,622 · end of year $8,791
-
27 · Net assets without donor restrictions
beginning of year $1,355,974 · end of year $1,641,999
-
28 · Net assets with donor restrictions
beginning of year $12,309 · end of year $10,547
Mission and programs · 2024
Mission
DRIVING REGIONAL ECONOMIC PROSPERITY.
Activities or mission (Part I)
DRIVING REGIONAL ECONOMIC PROSPERITY
-
THE KNOXVILLE AREA CHAMBER PARTNERSHIP IS ORGANIZED TO ADVANCE THE GENERAL WELFARE AND PROSPERITY OF THE KNOXVILLE AREA, SO THAT ITS CITIZENS AND ITS BUSINESS COMMUNITY WILL FLOURISH.
Expenses $4,497,180 · Revenue $1,210,603
As filed on the 2024 return.
Listed in Part VII
-
WES STOWERS
PAST BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
NIKITIA THOMPSON
BOARD SECRETARY
- Total calculated
- $0
- Hours/week
- 2.5
-
RANDY JENKINS
TREASURER
- Total calculated
- $0
- Hours/week
- 2.5
-
MARK MAMANTOV
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 2.5
-
DEBBIE BILLINGS
VICE CHAIR-INFRASTRUCTURE
- Total calculated
- $0
- Hours/week
- 2.5
-
MARTY BROWN
VICE CHAIR-ENTREPRENEURSHI
- Total calculated
- $0
- Hours/week
- 2.5
-
JIM VANDERSTEEG
VICE CHAIR-ECONOMIC DEVELO
- Total calculated
- $0
- Hours/week
- 2.5
-
ROB STIVERS
VICE CHAIR-TALENT
- Total calculated
- $0
- Hours/week
- 2.5
-
HARRY BOSTON
VICE CHAIR- BUSINESS CLIMA
- Total calculated
- $0
- Hours/week
- 2.5
-
DAVE MILLER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 2.5
-
PATRICIA BIBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MYLES BAKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
HEATHER BECK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
CLAUDIA CABALLERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
CHRIS CALDWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KELLI CHANEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
KIM CIUKOWSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JAY COBBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
LOUIS CORTINA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
ALFONZO CRUZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
SUSAN DAKAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JAMIE DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JESSICA EMERT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JOHN COOK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
STEPHEN DEUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
TANIKA HARPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
CHARLES HOUSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MIKE HOWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
NADIM JUBRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JAMIE LANDIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MATT KITTRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
BRIDGETT MCMAHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MISTY MAYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
SUSANA NAVARRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
DAVIS OVERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JORDAN MOLLENHOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
GRANT ROSENBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MATTHEW SCOGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
BRIAN SIMMONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
RICHARD STAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
DEANA SANABRIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
ABHIJIT VEREKAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
PATRICK WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
ANGELA LUNSFORD
VP OF FINANCE AND OPERATIO
- Total calculated
- $0
- Hours/week
- 40
-
JAMES SHAMIYEH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
JIM BIGGS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
ALLISON COMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
SHAUN GLEASON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MOLLY LANDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
GAY LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
LAUREN MILLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
BERT ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
MATT SCHAEFER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
PATTY WEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
-
OWEN M ODOM
PRESIDENT/CEO
- Total calculated
- $397,447
- From this org
- $382,675
- From related orgs
- $0
- Other
- $14,772
- Hours/week
- 40 + 5 related
Schedule J breakdown matched by us
- Base
- $303,075
- Bonus
- $70,000
- Other
- $9,600
- Deferred
- $0
- Nontaxable benefits
- $14,772
- Filer's total
- $397,447
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
None.
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE PARTNERSHIP INITIATIVES FUND
501(C)(3) · FOSTERING ECONOMIC DEVELOPMENT IN THE KNOXVILLE AREA · TN
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513569349300006
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