East Tennessee Economic Development Agency Inc is located in Knoxville, TN. The organization was established in 1986. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 09/2021, East Tennessee Economic Development Agency Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. East Tennessee Economic Development Agency Inc 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 09/2021, East Tennessee Economic Development Agency Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $781.6k during the year ending 09/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARKETING AND PROMOTING A 15-COUNTY REGION OF EAST TENNESSEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
ETEDA MARKETS THE REGION'S BUSINESS LOCATION ADVANTAGES TO NATIONAL AND INTERNATIONAL CORPORATE DECISION MAKERS AND INCREASES AWARENESS OF REGIONAL ISSUES THAT IMPACT ECONOMIC GROWTH
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Allen Neel Immediate Past President & | Officer | 45 | $275,162 |
Barbara Cope Director Of Operations | Officer | 45 | $80,875 |
Greg Fay Immediate Past Chair Presi | Officer | 0.2 | $0 |
Harry Gross Chair Vice President | Officer | 0.2 | $0 |
Larry Waters Chair Elect | Officer | 0.2 | $0 |
Brad Maul President & CEO | Officer | 45 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $673,371 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $673,371 |
Total Program Service Revenue | $0 |
Investment income | $21,435 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $67,338 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,235,928 |
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. | $289,454 |
Compensation of current officers, directors, key employees. | $45,952 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $119,487 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $64,989 |
Payroll taxes | $18,521 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $14,681 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,398 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $1,615 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $44,287 |
Travel | $7,933 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $8,519 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $6,927 |
Insurance | $9,806 |
All other expenses | $5,329 |
Total functional expenses | $781,582 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $125,860 |
Savings and temporary cash investments | $126,493 |
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 | $4,120 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $1,424,035 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,719,463 |
Total assets | $4,399,971 |
Accounts payable and accrued expenses | $28,260 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $28,260 |
Net assets without donor restrictions | $4,371,711 |
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 | $4,399,971 |
Over the last fiscal year, we have identified 1 grants that East Tennessee Economic Development Agency Inc has recieved totaling $18,000.
Awarding Organization | Amount |
---|---|
University Health System Inc Knoxville, TN PURPOSE: OPERATIONAL SUPPORT | $18,000 |
Beg. Balance | $2,245,679 |
Earnings | $473,784 |
Ending Balance | $2,719,463 |
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