Middle Tennessee Industrial Development Association
- Assets
- $1.3m
- Revenue
- $842.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Nashville, TN
- Founding
- 08/1963
- Data as of
- 06/2022
- EIN
- 62-0676077
Organization Overview
Middle Tennessee Industrial Development Association is located in Nashville, TN. The organization was established in 1963. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Middle Tennessee Industrial Development Association employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Tennessee Industrial Development Association 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 06/2022, Middle Tennessee Industrial Development Association generated $842.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $864.4k during the year ending 06/2022. While expenses have increased by 2.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE INDUSTRIAL DEVELOPMENT SERVICES IN THE MIDDLE TENNESSEE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE INDUSTRIAL DEVELOPMENT SERVICES IN THE MIDDLE TENNESSEE AREA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Davis President | OfficerTrustee | 0 | $0 |
Scott Spence Sec/treas | OfficerTrustee | 0 | $0 |
Rodney Boyd Vice President | OfficerTrustee | 0 | $0 |
Scott Newton Director | Trustee | 0 | $0 |
Belva Bess Director | Trustee | 0 | $0 |
Darrell Gillespie Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,000 |
| 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 | $16,000 |
| Total Program Service Revenue | $808,928 |
| Investment income | $10,204 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,710 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,842 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $368,146 |
| Pension plan accruals and contributions | $25,537 |
| Other employee benefits | $97,575 |
| Payroll taxes | $27,673 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $12,189 |
| Office expenses | $39,520 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,011 |
| Interest | $91 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,819 |
| Insurance | $14,996 |
| All other expenses | $25,928 |
| Total functional expenses | $864,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $856,168 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $435,666 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $22,000 |
| Total assets | $1,313,834 |
| Accounts payable and accrued expenses | $23,811 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $1,984 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $50,795 |
| Net assets without donor restrictions | $1,263,039 |
| 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 | $1,313,834 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cotton Incorporated Cary, NC | $22,712,180 | $76,215,846 |
Service Corps Of Retired Executives Association Herndon, VA | $11,816,704 | $17,894,443 |
Lsa Management Inc Salisbury, NC | $180,015,049 | $10,600,308 |
Pcmh Management Inc Greenville, NC | $44,108,971 | $7,088,400 |
Georgia Center For Nonprofits Inc Atlanta, GA | $2,336,696 | $2,873,224 |
Modular Building Institute Charlottesville, VA | $2,058,716 | $1,866,624 |
Plumbing Manufacturers International Nfp Mclean, VA | $1,816,180 | $1,986,956 |
Builders Exchange Of Tennessee Inc Knoxville, TN | $3,303,908 | $1,339,963 |
Society For Human Resource Mangement Shrm-Atlanta Inc Atlanta, GA | $1,469,118 | $1,192,778 |
Canopy Nwa Fayetteville, AR | $1,335,488 | $1,244,224 |
Middle Tennessee Industrial Development Association Nashville, TN | $1,313,834 | $842,842 |
Columbia Development Program Inc Jackson, MS | $1,039,498 | $1,110,408 |