Douglas-Cherokee Economic Authority Inc
- Assets
- $17.4m
- Revenue
- $30.4m
- Investments
- $0.0
- Employees
- 710
- Location
- Morristown, TN
- Founding
- 10/1968
- Data as of
- 06/2023
- EIN
- 62-0752586
Organization Overview
Douglas-Cherokee Economic Authority Inc is located in Morristown, TN. The organization was established in 1968. As of 06/2023, Douglas-Cherokee Economic Authority Inc employed 710 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Douglas-Cherokee Economic Authority 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 06/2023, Douglas-Cherokee Economic Authority Inc generated $30.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $30.6m during the year ending 06/2023. While expenses have increased by 5.1% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOUGLAS-CHEROKEE ECONOMIC AUTHORITY, INC. IS A COMMUNITY ACTION AGENCY SERVING SIX (6) RURAL APPALACHIAN COUNTIES EAST TENNESSEE-COCKE, GRAINGER, HAMBLEN, JEFFERSON, MONROE AND SEVIER. THE PURPOSE OF THE AGENCY IS TO HELP FAMILIES LIVING IN POVERTY IMPROVE THEIR LIVES BY PROVIDING THEM WITH ASSISTANCE AND SERVICES THAT THEY ARE NOT ABLE TO PROVIDE FOR THEMSELVES. THE FOCUS OF THE AGENCY IS TO HELP PEOPLE HELP THEMSELVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
U.S DEPARTMENT OF HEALTH AND HUMAN SERVICES- HEADSTART PROGRAM- A COMPREHENSIVE PROGRAM DESIGNED TO PROVIDE SERVICES TO LOW INCOME CHILDREN AND FAMILIES, INCLUDING EDUCATIONAL, HEALTH AND NUTRITIONAL SERVICES.
TN DEPT. OF AGRICULTURE, HUD, FEMA, EAST TN HUMAN RESOURCE AGENCY, AND OTHER PROGRAMS - TO PROVIDE NUTRITION, HOUSING, COUNSELING AND OTHER PROGRAMS TO LOW INCOME FAMILIES IN THE AGENCY'S SERVICE AREA.
U.S DEPARTMENT OF EDUCATION- THE PURPOSE OF THESE PROGRAMS IS TO PROVIDE EDUCATIONAL OPPORTUNITIY IN THE APPALACHIAN REGION TO POVERTY LEVEL FAMILIES.
U.S. DEPT. OF HEALTH & HUMAN SERVICES - LOW INCOME HOME ENERGY ASSISTANCE AND COMMUNITY SERVICES BLOCK GRANT - TO PROVIDE INCOME AND ADVISORY EDUCATIONAL ASSISTANCE TO LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Barnard Exec Directo | Officer | 40 | $94,064 |
David Sigler Fiscal Offic | Officer | 40 | $68,930 |
Terry Acuff Director | Trustee | 1 | $0 |
Clay Blazer Director | Trustee | 1 | $0 |
Roxanne Bowen Director | Trustee | 1 | $0 |
Bill Brittain Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $24,386,129 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,783,671 |
| Noncash contributions included in lines 1a–1f | $3,493,660 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,169,800 |
| Total Program Service Revenue | $17,227 |
| Investment income | $2,369 |
| 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 | $30,366,317 |
| 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 | $11,357,672 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,729,270 |
| Payroll taxes | $0 |
| Fees for services: Management | $121,948 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $178,669 |
| Information technology | $268,286 |
| Royalties | $0 |
| Occupancy | $1,197,414 |
| Travel | $324,204 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,216 |
| Interest | $9,829 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $607,667 |
| Insurance | $154,357 |
| All other expenses | $599,160 |
| Total functional expenses | $30,592,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,190,969 |
| Savings and temporary cash investments | $398,935 |
| Pledges and grants receivable | $1,776,281 |
| Accounts receivable, net | $771,951 |
| 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 | $47,900 |
| Net Land, buildings, and equipment | $7,731,882 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,474,326 |
| Total assets | $17,392,244 |
| Accounts payable and accrued expenses | $993,038 |
| 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 | $278,400 |
| Total liabilities | $1,271,438 |
| Net assets without donor restrictions | $16,120,806 |
| 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 | $17,392,244 |