Sullivan County Industrial Commission
- Assets
- $11.0m
- Revenue
- $819.1k
- Investments
- $0.0
- Employees
- 3
- Location
- Blountville, TN
- Founding
- 05/1994
- Data as of
- 06/2022
- EIN
- 62-0945243
Organization Overview
Sullivan County Industrial Commission is located in Blountville, TN. The organization was established in 1994. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Sullivan County Industrial Commission employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sullivan County Industrial Commission is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Sullivan County Industrial Commission generated $819.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $949.1k 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF COMMERCIAL AND INDUSTRIAL DEVELOPMENT IN SULLIVAN COUNTY, TN. TO AID AND ASSIST IN PROBLEMS PERTAINING TO THE EXPANSION OF EXISTING INDUSTRY AND COMMERCIAL DEVELOPMENT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clay Walker CEO | Officer | 40 | $178,814 |
David Wagner Vice Chairman | OfficerTrustee | 2 | $0 |
Ceegee Mccord Secretary/treasurer | OfficerTrustee | 2 | $0 |
Bill Sumner Chairman | OfficerTrustee | 2 | $0 |
Mayor Pat Shull Director | Trustee | 2 | $0 |
Erin Downs Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $763,707 |
| 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 | $763,707 |
| Total Program Service Revenue | $50,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,364 |
| 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 | $819,146 |
| 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. | $178,814 |
| Compensation of current officers, directors, key employees. | $89,407 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $141,022 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,829 |
| Payroll taxes | $22,298 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,675 |
| Fees for services: Accounting | $39,900 |
| 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 | $17,528 |
| Information technology | $29,552 |
| Royalties | $0 |
| Occupancy | $26,717 |
| Travel | $33,208 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,453 |
| Interest | $277,805 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,583 |
| Insurance | $21,826 |
| All other expenses | $0 |
| Total functional expenses | $949,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $52,249 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $150,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,192 |
| Net Land, buildings, and equipment | $8,973 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,891,983 |
| Intangible assets | $0 |
| Other assets | $4,534,165 |
| Total assets | $11,018,753 |
| Accounts payable and accrued expenses | $24,442 |
| 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 | $7,610,526 |
| Total liabilities | $7,634,968 |
| Net assets without donor restrictions | $3,383,785 |
| 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 | $11,018,753 |
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