Blount Partnership
- Assets
- $4.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 25
- Location
- Maryville, TN
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 46-4611195
Organization Overview
Blount Partnership is located in Maryville, TN. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Blount Partnership employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Blount Partnership is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Blount Partnership generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.4% each year . All expenses for the organization totaled $4.8m during the year ending 12/2023. While expenses have increased by 26.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BLOUNT PARTNERSHIP IS A NON-PROFIT CORPORATION COMMITTED TO BRINGING INCREASED PROSPERITY TO BLOUNT COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BLOUNT PARTNERSHIP IS A NON-PROFIT CORPORATION COMMITTED TO BRINGING INCREASED PROSPERITY TO BLOUNT COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Soro Chairman | OfficerTrustee | 1 | $0 |
Chuck Alexander Vice-Chairman | OfficerTrustee | 1 | $0 |
Trevis Gardner Director | Trustee | 1 | $0 |
Matt Murray Director | Trustee | 1 | $0 |
Greg Wilson Director | Trustee | 1 | $0 |
Tim Seay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $51,600 |
| Government grants | $1,875,344 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,926,944 |
| Total Program Service Revenue | $3,090,305 |
| Investment income | $6,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,966 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$45,081 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,967,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $295,298 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,431,245 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $545,911 |
| Payroll taxes | $124,787 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,420 |
| Fees for services: Accounting | $52,182 |
| Fees for services: Lobbying | $6,600 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $93,353 |
| Advertising and promotion | $267,560 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $46,307 |
| Travel | $44,514 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,799 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,733 |
| Insurance | $0 |
| All other expenses | $27,229 |
| Total functional expenses | $4,801,365 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,391 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,633,802 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,614,725 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,061,918 |
| Accounts payable and accrued expenses | $1,669,894 |
| Grants payable | $0 |
| Deferred revenue | $66,057 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $484,747 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,435 |
| Total liabilities | $2,245,133 |
| Net assets without donor restrictions | $1,816,785 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,061,918 |