Tellico Reservoir Development Agency

Organization Overview

Tellico Reservoir Development Agency is located in Vonore, TN. The organization was established in 1992. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 08/2022, Tellico Reservoir Development Agency employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tellico Reservoir Development Agency 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 08/2022, Tellico Reservoir Development Agency generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $3.2m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DEVELOP AND EFFECT PLANS FOR THE COMPREHENSIVE DEVELOPMENT OF THE TELLICO RESERVOIR PROJECT AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INDUSTRIAL DEVELOPMENT PROGRAM - SINCE 1982 AGENCY HAS RECRUITED 19 MANUFACTURING/DISTRIBUTION COMPANIES AND 10 COMMERCIAL SERVICE BUSINESSES TO TELLICO WEST.


PUBLIC USE RECREATION PROGRAM - OPERATES PUBLIC CAMPGROUNDS, PUBLIC WALKING TRAILHEAD, AND 12 PUBLIC BOAT LAUNCH AND FISHING PIER FACILITIES.


WASTEWATER TREATMENT- OPERATES WASTE WATER TREATMENT PLANT TO THE INDUSTRIAL PARK AND LOCAL TELLICO COMMUNITY.


COMMERCIAL RECREATION PROGRAM DEVELOPMENT OF LAND INFRASTRUCTURE FROM COMMERCIAL RECREATION.


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Board, Officers & Key Employees

Name (title)Compensation
Bryan Hall
Executive Di
$113,085
Susan Pangle
Secretary
$89,351
Buddy Bradshaw
Board Member
$0
Mike Webb
Board Member
$0
David Black
Board Member
$0
Jimmy Matlock
Board Member
$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$225,106
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$225,106
Total Program Service Revenue$3,433,978
Investment income $78,084
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $2,443
Net Gain/Loss on Asset Sales $712,501
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,452,112

Grants Awarded

Over the last fiscal year, Tellico Reservoir Development Agency has awarded $1,110,859 in support to 2 organizations.

Grant RecipientAmount

CLEVELAND STATE COMMUNITY COLLEGE

Org PageRecipient Profile

Cleveland, TN

PURPOSE: EDUCATIONAL

$610,859

HYDRASPORTS CUSTOM

PURPOSE: RETROFIT BUILDING

$500,000
View Grant Profile

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