Greater Kingsport Alliance For Development Inc
- Assets
- $2.4m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kingsport, TN
- Founding
- 10/1989
- Data as of
- 03/2022
- EIN
- 58-1851079
Organization Overview
Greater Kingsport Alliance For Development Inc is located in Kingsport, TN. The organization was established in 1989. According to its NTEE Classification (W60) the organization is classified as: Financial Institutions, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Kingsport Alliance For Development 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 03/2022, Greater Kingsport Alliance For Development Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 28.3% each year . All expenses for the organization totaled $1.1m during the year ending 03/2022. While expenses have increased by 17.4% 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 ENGAGE IN ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KINGSPORT, TENNESSEE INCLUDING BUT NOT LIMITED TO PROMOTION OF ACTIVITIES FOR LOW-INCOME HOUSING OPPORTUNITIES AS WELL AS AID IN DEVELOPMENT AND OVERSIGHT OF COMMUNITY BETTERMENT PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENGAGE IN ACTIVITIES TO PROMOTE ECONOMIC DEVELOPMENT IN THE CITY OF KINGSPORT, TENNESSEE INCLUDING BUT NOT LIMITED TO PROMOTION OF ACTIVITIES FOR LOW-INCOME HOUSING OPPORTUNITIES AS WELL AS AID IN DEVELOPMENT AND OVERSIGHT OF COMMUNITY BETTERMENT PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Esther Rodolphe Chairperson | OfficerTrustee | 2 | $0 |
Larry Estepp Vice-Chairperson | OfficerTrustee | 2 | $0 |
Terry Cunningham Secretary | Officer | 2 | $0 |
Tony Jennings Board Member | Trustee | 2 | $0 |
Seth Jervis Board Member | Trustee | 2 | $0 |
Linda Calvert Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,079,210 |
| 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 | $1,079,210 |
| Total Program Service Revenue | $194,952 |
| Investment income | $16 |
| 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 | $1,438,393 |
| 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 | $57,039 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,322 |
| Payroll taxes | $4,894 |
| Fees for services: Management | $25,176 |
| Fees for services: Legal | $1,379 |
| Fees for services: Accounting | $2,072 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,204 |
| 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 | $0 |
| Interest | $40,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $82,684 |
| Insurance | $1,669 |
| All other expenses | $4,761 |
| Total functional expenses | $1,057,868 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,193 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,926 |
| 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 | $2,319,851 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,425,970 |
| Accounts payable and accrued expenses | $297,720 |
| Grants payable | $0 |
| Deferred revenue | $4,006 |
| 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 | $1,001,648 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,134 |
| Total liabilities | $1,309,508 |
| Net assets without donor restrictions | $1,102,355 |
| Net assets with donor restrictions | $14,107 |
| 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 | $2,425,970 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Commonwealth Forest Investments Atlanta, GA | $527,167 | $63 |
Educap Inc Sterling, VA | $80,424,876 | $4,047,763 |
Mississippi Higher Education Assistance Corporation Jackson, MS | $167,450,530 | $7,686,362 |
Tupelo Service Finance Inc Tupelo, MS | $0 | $1,135,587 |
Greater Kingsport Alliance For Development Inc Kingsport, TN | $2,425,970 | $1,438,393 |
Student Loan Guarantee Foundation Of Arkansas North Little Rock, AR | $5,532,296 | $1,265 |
Tennessee Medical Education Fund Inc Nashville, TN | $3,892,726 | $343,365 |
Alabama Multifamily Loan Consortium Montgomery, AL | $54,767,808 | $316,680 |
Southeastern Bankruptcy Law Institute Inc Decatur, GA | $454,578 | $294,194 |
Virginia Mortgage Bankers Assoc Glen Allen, VA | $251,713 | $178,483 |
Lucy S Elliott Loan Fund Pine Bluff, AR | $3,241,492 | $148,532 |
Second Look Capital Inc Richmond, VA | $83,074 | $0 |