The Industrial Development Board Of The County Of Mcminn

Organization Overview

The Industrial Development Board Of The County Of Mcminn is located in Athens, TN. The organization was established in 1983. 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. Industrial Development Board Of The County Of Mcminn 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 06/2020, Industrial Development Board Of The County Of Mcminn generated $3.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $3.1m during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

PERFORMS A PUBLIC FUNCTION ON BEHALF OF THE COUNTY AND ITS PRIMARY PURPOSE IS FINANCE, ACQUIRE, OWN, LEASE, OR DISPOSE OF PORPERTIES, TO THAT END WE MAY BE ABLE TO MAINTAIN AND INCREASE EMPLOYMENT OPPORTUNTIES, INCREASE PRODUCTION OF AGRICULTURAL COMMODITIES, AND INCREASE TH QUANTITY OF HOUSING AVAILABLE IN AFFECTED MAUNICIPALITIES BY PROMOTING INDUSTRY, TRADE,COMMERCE , TOURISM AND RECREATION, AGRICULTURE AND HOUSING CONTRUCTION BY INDUCING MANUFACTURING, INDUSTRIAL, GOVERNMENTAL, ENDUCATIONAL, FINANCIAL, SERVICE, COMMERCIAL, RECREATIONAL AND AGRICULTURAL ENTERPRISE TO LOCATE OR REMAIN IN MCMINN COUNTY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INDUSTRIAL DEVELOPMENT PER SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Frank Snyder
Chairman
$0
Paul Willson
Sec/tres
$0
Jeff Cunningham
Vice Chairma
$0
Murry Willis
Member
$0
Clint Holden
Member
$0
Allen Carter
Member
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$3,035,000
Investment income $5,753
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 $3,063,231

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