Totals
- Total revenue
- $3,609,247
- Total expenses
- $3,491,161
- Contributions and grants received
- $2,414,032
- Grants paid
- $0
- Program service revenue
- $651,636
- Investment income
- $61,729
- Other revenue
- $481,850
- Total assets, end of year
- $3,634,287
- Total liabilities, end of year
- $752,329
- Net assets or fund balances, end of year
- $2,881,958
- Program services expenses (Part IX)
- $3,366,595
- Management and general expenses
- $124,566
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,366,595
Program services were 96.4% 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)
$1,683,565
-
1f · All other contributions, gifts and grants
$730,467
-
2a · Program service revenue: Leadership Kingsport
total $139,234 · related or exempt $139,234
-
2b · Program service revenue: Keep Kingsport Beautiful
total $65,320 · related or exempt $65,320
-
2c · Program service revenue: Visit Kingsport
total $210,582 · related or exempt $210,582
-
2d · Program service revenue: Admin services
total $236,500 · related or exempt $236,500
-
3 · Investment income
total $61,729 · related or exempt $61,729
-
6a · Gross rents
real property $37,008
-
6c · Rental income or loss
real property $37,008
-
6d · Net rental income or loss
total $37,008 · unrelated business $25,008
-
8a · Fundraising events: gross income
$1,358,488
-
8b · Fundraising events: direct expenses
$1,002,745
-
8c · Net income from fundraising events
total $355,743
-
10a · Gross sales of inventory
$137,640
-
10b · Cost of goods sold
$78,498
-
10c · Net income from sales of inventory
total $59,142
-
11a · Other revenue: Miscellaneous
total $29,957 · related or exempt $29,957
-
11e · Other revenue, total
$29,957
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $266,616 · program services $266,616
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,211,521 · program services $1,211,521
-
8 · Pension plan contributions
total $63,074 · program services $63,074
-
9 · Other employee benefits
total $178,226 · program services $178,226
-
10 · Payroll taxes
total $109,770 · program services $109,770
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $15,608 · program services $8,577 · management and general $7,031
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,888 · program services $3,888
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $70,557 · program services $70,557
-
14 · Information technology
total $3,704 · program services $3,704
-
15 · Royalties
total $0
-
16 · Occupancy
total $120,817 · program services $120,817
-
17 · Travel
total $6,760 · program services $6,760
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,796 · program services $5,796
-
20 · Interest
total $6,446 · management and general $6,446
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $111,089 · management and general $111,089
-
23 · Insurance
total $16,394 · program services $16,394
-
24a · Other expenses: Training
total $5,610 · program services $5,610
-
24b · Other expenses: Telephone
total $13,134 · program services $13,134
-
24c · Other expenses: Dues/memberships
total $20,850 · program services $20,850
-
24d · Other expenses: Direct Program Expense
total $1,257,099 · program services $1,257,099
-
24e · All other expenses
total $4,202 · program services $4,202
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,408,265 · end of year $1,797,086
-
4 · Accounts receivable
beginning of year $523,080 · end of year $153,518
-
7 · Other notes and loans receivable
beginning of year $25,076
-
9 · Prepaid expenses and deferred charges
beginning of year $27,895 · end of year $21,992
-
10a · Land, buildings and equipment: cost or other basis
$3,390,138
-
10b · Land, buildings and equipment: accumulated depreciation
$1,788,447
-
10c · Land, buildings and equipment, net
beginning of year $1,663,923 · end of year $1,601,691
-
15 · Other assets
beginning of year $60,000 · end of year $60,000
-
17 · Accounts payable and accrued expenses
beginning of year $156,986 · end of year $82,535
-
19 · Deferred revenue
beginning of year $482,487 · end of year $423,452
-
23 · Secured mortgages and notes payable
beginning of year $304,894 · end of year $246,342
-
27 · Net assets without donor restrictions
beginning of year $2,499,738 · end of year $2,603,283
-
28 · Net assets with donor restrictions
beginning of year $264,134 · end of year $278,675
Mission and programs · 2023
Mission
The Foundation was established for community service and promotion. It provides facilities for Kingsport Chamber of Commerce activities provides training to future community leaders helps unite local government, business and citizens in the beautification of Kingsport along with various other activities which enhance the Kingsport area.
Activities or mission (Part I)
The Foundation was established for community service and promotion. It provides facilities for Kingsport Chamber of Commerce activities provides training to future community leaders helps unite local government, busine
-
Downtown Concert Series - provides quality of life services and promotes economic development in the downtown area through the Downtown Concert Series
Expenses $213,322
-
KOSBE - actively assists in the establishment of new small business and growth and development of existing small businesses
Expenses $190,989
-
Move to Kingsport - assists in residential recruitment
Expenses $55,977
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Miles Burdine
CEO/Secretary
- Total calculated
- $279,947
- From this org
- $266,616
- From related orgs
- $0
- Other
- $13,331
- Hours/week
- 30 + 10 related
Schedule J breakdown matched by us
- Base
- $266,616
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,331
- Filer's total
- $279,947
-
Frank Lett
VK President
- Total calculated
- $168,000
- From this org
- $160,000
- From related orgs
- $0
- Other
- $8,000
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,000
- Bonus
- $15,000
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $8,000
- Filer's total
- $168,000
-
Elaine Bodenweiser
Chief Financial Officer
- Total calculated
- $140,639
- From this org
- $133,942
- From related orgs
- $0
- Other
- $6,697
- Hours/week
- 30 + 10 related
-
Aundrea Salyer
KOSBE Director
- Total calculated
- $117,066
- From this org
- $111,491
- From related orgs
- $0
- Other
- $5,575
- Hours/week
- 40
-
Lara Potter
VK Vice President
- Total calculated
- $114,057
- From this org
- $108,626
- From related orgs
- $0
- Other
- $5,431
- Hours/week
- 40
-
Robert Feagins
Comm/Dev Director
- Total calculated
- $114,036
- From this org
- $108,606
- From related orgs
- $0
- Other
- $5,430
- Hours/week
- 40
-
Russ Rogers
Imm Past Chair
- Total calculated
- $0
- Hours/week
- 1
-
Wes Argabrite
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lori Arnold
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Paula Bulcao
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tara Burns
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Neil Brown
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Danielle Cannon
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Darrell Duncan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Chris McCartt
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Chris Hartley
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Heath Guinn
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kindle Conkin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Tory Lorimer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Paula Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Anne Greenfield
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Molly Luton
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Joaquin
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jeff McCord
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brian Miller
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jamie Jackson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dwight Owens
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Billy Robinson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Allen Rau
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
John Rose
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rob Arnold
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Esther Rudolphe
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Subhashini Vashisth
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Andy Wampler
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Troy Wilson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
James Phillips
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Kellie Weaver
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ramona Jackson
Chair
- Total calculated
- $0
- Hours/week
- 2
-
Ted Fields
Chair Elect
- Total calculated
- $0
- Hours/week
- 1
-
Greg Perdue
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
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.
-
Kingsport Area Chamber of Commerce
501 c 6 · Common paymaster · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 20 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442339349300904
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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