Northwest Tennessee Development
- Assets
- $5.7m
- Revenue
- $7.1m
- Investments
- $0.0
- Employees
- 53
- Location
- Martin, TN
- Founding
- 11/1981
- Data as of
- 06/2022
- EIN
- 62-0852637
Organization Overview
Northwest Tennessee Development is located in Martin, TN. The organization was established in 1981. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Northwest Tennessee Development employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northwest Tennessee Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Northwest Tennessee Development generated $7.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $7.1m during the year ending 06/2022. While expenses have increased by 4.9% 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 SERVICES FOR ELDERLY IN THE NORTHWEST TENNESSEE REGION
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SERVICES FOR ELDERLY IN THE NORTHWEST TENNESSEE REGION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Goode Exec Directo | Officer | 40 | $88,990 |
Katelyn Edwards Controller | Officer | 40 | $52,500 |
Betty Waggener Financial Of | Officer | 40 | $47,033 |
Jake Bynum Chairman | Trustee | $0 | |
John Holden Board Member | Trustee | $0 | |
Cindy Mcadams Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,381,634 |
| 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 | $6,381,634 |
| Total Program Service Revenue | $0 |
| Investment income | $13,300 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,068,049 |
| 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 | $1,704,210 |
| Pension plan accruals and contributions | $177,113 |
| Other employee benefits | $351,941 |
| Payroll taxes | $120,183 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,772 |
| Fees for services: Accounting | $27,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,819 |
| Advertising and promotion | $0 |
| Office expenses | $433,773 |
| Information technology | $41,703 |
| Royalties | $0 |
| Occupancy | $160,996 |
| Travel | $108,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,532 |
| Interest | $53,192 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,604 |
| Insurance | $0 |
| All other expenses | $437,195 |
| Total functional expenses | $7,082,276 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,767,636 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $911,748 |
| Accounts receivable, net | $1,044,607 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $200,084 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $792,313 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $961,325 |
| Total assets | $5,677,713 |
| Accounts payable and accrued expenses | $882,503 |
| Grants payable | $0 |
| Deferred revenue | $2,050,113 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,440,297 |
| Total liabilities | $5,372,913 |
| Net assets without donor restrictions | $0 |
| 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 | -$92,798 |
| Retained earnings, endowment, accumulated income, or other funds | $397,598 |
| Total liabilities and net assets/fund balances | $5,677,713 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwest Tennessee Development has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
The Community Fdn Of Middle Tn Inc Nashville, TN PURPOSE: TO PROVIDE SENIORS SERVICES, DURABLE MEDICAL EQUIPMENT, PEST CONTROL, AND VISION AND DENTAL CARE TO INCREASE QUALITY OF LIFE. | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky River Foothills Development Council Inc Richmond, KY | $12,381,295 | $19,871,173 |
Community Action Of Southern Kentucky Incorporated Bowling Green, KY | $10,381,389 | $18,999,181 |
Northern Kentucky Community Action Commisson Inc Covington, KY | $8,823,439 | $18,121,235 |
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Coastal Plain Area Economic Opportunity Authority Inc Valdosta, GA | $6,623,534 | $13,801,263 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
Coastal Community Action Inc Newport, NC | $6,264,251 | $13,623,681 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |
Golden Triangle Planning & Development District Inc Starkville, MS | $16,192,589 | $11,220,298 |