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Nonprofiteer
← TENNESSEE RIVER GORGE TRUST INC

Form 990 for tax year 2023

Filed by TENNESSEE RIVER GORGE TRUST INC.

Totals

Total revenue
$5,057,845
Total expenses
$1,393,815
Contributions and grants received
$4,137,583
Grants paid
$0
Program service revenue
$361,757
Investment income
$519,913
Other revenue
$38,592
Total assets, end of year
$24,718,580
Total liabilities, end of year
$81,089
Net assets or fund balances, end of year
$24,637,491
Program services expenses (Part IX)
$1,117,879
Management and general expenses
$159,668
Fundraising expenses
$116,268
Program service expenses (Part III)
$1,117,879

Program services were 80.2% 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.

  • 1c · Fundraising events

    $35,530

  • 1e · Government grants (contributions)

    $9,983

  • 1f · All other contributions, gifts and grants

    $4,092,070

  • 1g · Noncash contributions included above

    $3,410,000

  • 2a · Program service revenue: POT HOUSE & MISC RENT

    total $361,757 · related or exempt $361,757

  • 3 · Investment income

    total $271,411 · related or exempt $116,399 · excluded $155,012

  • 7a · Gross sales of assets other than inventory

    other assets $248,502

  • 7c · Gain or loss

    other assets $248,502

  • 7d · Net gain or loss

    total $248,502 · related or exempt $248,502

  • 8a · Fundraising events: gross income

    $34,141

  • 8a · Fundraising events: contributions included on line 1c

    $35,530

  • 8c · Net income from fundraising events

    total $34,141

  • 11a · Other revenue: OTHER INCOME

    total $4,451 · related or exempt $4,451

  • 11e · Other revenue, total

    $4,451

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $68,540 · program services $48,663 · management and general $15,078 · fundraising $4,799

  • 6 · Compensation of disqualified persons

    total $146,947 · program services $104,332 · management and general $32,328 · fundraising $10,287

  • 7 · Other salaries and wages

    total $210,536 · program services $149,480 · management and general $46,318 · fundraising $14,738

  • 8 · Pension plan contributions

    total $17,500 · program services $12,425 · management and general $3,850 · fundraising $1,225

  • 9 · Other employee benefits

    total $33,770 · program services $23,977 · management and general $7,429 · fundraising $2,364

  • 10 · Payroll taxes

    total $32,285 · program services $22,922 · management and general $7,103 · fundraising $2,260

  • 11b · Fees: legal

    total $126,871 · program services $126,871

  • 11c · Fees: accounting

    total $14,970 · management and general $14,970

  • 11g · Fees: other

    total $170,096 · program services $170,096

  • 12 · Advertising and promotion

    total $20,015 · fundraising $20,015

  • 16 · Occupancy

    total $41,191 · program services $32,953 · management and general $4,943 · fundraising $3,295

  • 17 · Travel

    total $10,838 · program services $10,838

  • 20 · Interest

    total $9,673 · management and general $9,673

  • 22 · Depreciation, depletion and amortization

    total $23,554 · program services $23,554

  • 23 · Insurance

    total $37,893 · program services $31,740 · management and general $6,153

  • 24a · Other expenses: TRAIL CONSTRUCTION

    total $216,960 · program services $216,960

  • 24b · Other expenses: PROPERTY TAXES

    total $62,006 · program services $62,006

  • 24c · Other expenses: SUPPLIES & EQUIPMENT

    total $46,786 · program services $46,786

  • 24d · Other expenses: SPECIAL EVENTS

    total $42,285 · fundraising $42,285

  • 24e · All other expenses

    total $61,099 · program services $34,276 · management and general $11,823 · fundraising $15,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $121,225 · end of year $120,439

  • 3 · Pledges and grants receivable

    beginning of year $82,000 · end of year $41,334

  • 4 · Accounts receivable

    beginning of year $221,375 · end of year $196,854

  • 8 · Inventories for sale or use

    beginning of year $6,835,306 · end of year $7,034,797

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,666 · end of year $2,666

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

    $18,039,000

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

    $716,510

  • 10c · Land, buildings and equipment, net

    beginning of year $13,895,456 · end of year $17,322,490

  • 15 · Other assets

    beginning of year $17,446

  • 17 · Accounts payable and accrued expenses

    beginning of year $135,529 · end of year $81,089

  • 24 · Unsecured notes and loans payable

    beginning of year $483,701

  • 25 · Other liabilities

    beginning of year $17,446

  • 27 · Net assets without donor restrictions

    beginning of year $20,277,216 · end of year $24,584,361

  • 28 · Net assets with donor restrictions

    beginning of year $261,582 · end of year $53,130

Mission and programs · 2023

Mission

TO CONSERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS.

Activities or mission (Part I)

CONSERVATION AND EDUCATION

  • TO CONSERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS.

    Expenses $1,111,828

  • EXPENSES ARE NECESSARY TO CONSERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS.

    Expenses $6,051

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

Listed in Part VII

  • Brenda Brickhouse

    DIRECTOR

    Total calculated
    $0

  • Van Bunch

    DIRECTOR

    Total calculated
    $0

  • Emmanuel Escobar

    DIRECTOR

    Total calculated
    $0

  • Henry Lodge

    DIRECTOR

    Total calculated
    $0

  • Matt Sears

    VICE CHAIR

    Total calculated
    $0

  • Scott Smith

    BOARD CHAIR

    Total calculated
    $0

  • Jimmy Sneed

    DIRECTOR

    Total calculated
    $0

  • Jennifer Averback

    TREASURER

    Total calculated
    $0

  • Moise Baptiste

    DIRECTOR

    Total calculated
    $0

  • Alesha Manning

    SECRETARY

    Total calculated
    $0

  • Christina Thoreson

    DIRECTOR

    Total calculated
    $0

  • Heather Degaetano

    DIRECTOR

    Total calculated
    $0

  • Katie Dishman

    DIRECTOR

    Total calculated
    $0

  • Richard Huffines

    EXECUTIVE DI

    Total calculated
    $146,947
    From this org
    $146,947
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,947
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $146,947

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
  • 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.

Provenance

Return type
form_990
Tax year
2023
Filed
19 August 2024
IRS schema version
2023v5.0
Source object
202423099349302157

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