Hickman County Economic Community Development Association
- Assets
- $60.5k
- Revenue
- $124.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Centerville, TN
- Founding
- 08/1991
- Data as of
- 06/2022
- EIN
- 62-1447514
Organization Overview
Hickman County Economic Community Development Association is located in Centerville, TN. The organization was established in 1991. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Hickman County Economic Community Development Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickman County Economic Community Development Association 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 06/2022, Hickman County Economic Community Development Association generated $124.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $130.3k during the year ending 06/2022. While expenses have increased by 20.4% 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
ECONOMIC & COMMUNITY DEVELOPMENT IN HICKMAN COUNTY, TN
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACHIEVEMENTS ARE IN THE AREAS OF JOB CREATION, COMMUNITY DEVELOPMENT EDUCATION AND SKILLS TRAINING, BUSINESS & ECONOMIC DEVELOPMENT, LEADERSHIP PROGRAMS, ORGANIZATIONAL DEVELOPMENT, AND LONG RANGE PLANNING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Brock Executive Di | Officer | 40 | $6,000 |
Gary Jacobs Executive Bo | OfficerTrustee | 4 | $0 |
Mark Bentley Executive Bo | Officer | 4 | $0 |
John Porch Vice Chairma | Officer | 4 | $0 |
Jim Tanner Secretary/tr | Officer | 4 | $0 |
Kelly Tyler Chairman | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,942 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $124,947 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,821 |
| 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. | $6,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,536 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $131 |
| Advertising and promotion | $11,000 |
| Office expenses | $0 |
| Information technology | $1,076 |
| Royalties | $0 |
| Occupancy | $7,800 |
| Travel | $784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $159 |
| Insurance | $182 |
| All other expenses | $5,565 |
| Total functional expenses | $130,269 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,456 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,320 |
| 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 | $754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,530 |
| Accounts payable and accrued expenses | $1,638 |
| 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 | $0 |
| Total liabilities | $1,638 |
| Net assets without donor restrictions | $55,783 |
| Net assets with donor restrictions | $3,109 |
| 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 | $60,530 |
Grants Awarded
Over the last fiscal year, Hickman County Economic Community Development Association has awarded $68,228 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HICKMAN COUNTY BOARD OF EDUCATION PURPOSE: SUPPLIES AND TELEWOR | $35,320 |
S&ME PURPOSE: ECON PROJECT SITE | $22,910 |
PATHWAY LENDING PURPOSE: SUPPLIES | $9,998 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hickman County Economic Community Development Association has recieved totaling $12.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northern Kentucky Area Developement District Florence, KY | $12,601,851 | $23,919,138 |
Mid-Atlantic Broadband Communities Corporation South Boston, VA | $87,739,365 | $16,699,414 |
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
West Alabama Regional Commission Northport, AL | $6,900,451 | $11,260,282 |
Rural Economic Development Center Inc Raleigh, NC | $223,566,149 | $11,378,133 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Virginia Coalfield Coalition Inc Lebanon, VA | $15,855,826 | $1,388,700 |