Knoxville Cbid Management Corporation
- Assets
- $976.0k
- Revenue
- $994.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 07/1995
- Data as of
- 06/2022
- EIN
- 62-1556225
Organization Overview
Knoxville Cbid Management Corporation, operating under the name Downtown Knoxville Alliance, is located in Knoxville, TN. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Knoxville Alliance 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, Downtown Knoxville Alliance generated $994.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $835.2k during the year ending 06/2022. While expenses have increased by 0.2% 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.
Since 2015, Downtown Knoxville Alliance has awarded 65 individual grants totaling $1,667,471. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT OF THE DOWNTOWN AREA OF KNOXVILLE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ASSISTS IN DEVELOPING, PROMOTING, AND BEAUTIFYING THE DOWNTOWN AREA OF KNOXVILLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Katherine Wormsley Secretary | OfficerTrustee | 1 | $0 |
Lorie Matthews Vice Chair | OfficerTrustee | 1 | $0 |
Matthew Bebardelaben Chair | OfficerTrustee | 2 | $0 |
Adrienne Webster Treasurer | OfficerTrustee | 1 | $0 |
Rick Emmett Board Member | Trustee | 1 | $0 |
John Sanders Board Member | Trustee | 1 | $0 |
Financial Statements
| 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 | $994,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $994,379 |
| Total Program Service Revenue | $0 |
| Investment income | $405 |
| 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 | $994,784 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,200 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $75,436 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,465 |
| Office expenses | $10,014 |
| Information technology | $830 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $804 |
| All other expenses | $85,174 |
| Total functional expenses | $835,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,741 |
| Savings and temporary cash investments | $724,175 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,042 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $975,958 |
| Accounts payable and accrued expenses | $66,283 |
| Grants payable | $83,000 |
| 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 | $149,283 |
| Net assets without donor restrictions | $826,675 |
| 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 | $975,958 |
Grants Awarded
Over the last fiscal year, Knoxville Cbid Management Corporation has awarded $54,700 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Knoxville, TN PURPOSE: ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE | $23,500 |
Knoxville, TN PURPOSE: MARKET SQUARE FARMER'S MARKET | $10,000 |
Knoxville, TN PURPOSE: ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE | $10,000 |
Knoxville, TN PURPOSE: ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE | $6,000 |
CHRISTMAS DECOR PLUS MORE PURPOSE: ECONOMIC DEVELOPMENT TO BENEFIT DOWNTOWN KNOXVILLE | $5,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Three Rivers Planning & Development District Pontotoc, MS | $48,398,868 | $43,682,575 |
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Hope Enterprise Corporation Jackson, MS | $150,349,143 | $24,959,106 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Delta Area Economic Opportunity Corporation Portageville, MO | $22,832,856 | $23,706,654 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Pennyrile Allied Community Services Inc Hopkinsville, KY | $9,618,726 | $22,758,893 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |