Clarksville-Montgomery County Area Economic Development Council Inc
- Assets
- $2.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 30
- Location
- Clarksville, TN
- Founding
- 01/1996
- Data as of
- 06/2023
- EIN
- 62-1588013
Organization Overview
Clarksville-Montgomery County Area Economic Development Council Inc is located in Clarksville, TN. The organization was established in 1996. 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. As of 06/2023, Clarksville-Montgomery County Area Economic Development Council Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clarksville-Montgomery County Area Economic Development Council Inc 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 06/2023, Clarksville-Montgomery County Area Economic Development Council Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $3.6m during the year ending 06/2023. While expenses have increased by 20.5% 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
PROMOTION OF CLARKSVILLE-MONTGOMERY COUNTY, TENNESSEE TO ENHANCE THE QUALITY OF LIFE FOR THOSE WHO LIVE AND WORK THERE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP, COORDINATE, AND IMPLEMENT A COMPREHENSIVE MARKETING PLAN PROMOTING THE CITY OF CLARKSVILLE AND MONTGOMERY COUNTY AND THE SURROUNDING AREA. THE COUNTY HAS A POPULATION OF OVER 220,000 INCLUDING OVER 27,000 SOLDIERS AND THEIR FAMILIES AT THE NEARBY FT. CAMPBELL ARMY POST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Dellinger CEO | Officer | 40 | $196,858 |
Shannon Green Dir Of Finance | Officer | 40 | $126,465 |
Mark Kelly Director | Trustee | 0 | $0 |
Jerry Allbert Director | Trustee | 0 | $0 |
Mike Rainey Director | Trustee | 0 | $0 |
Joe Pitts Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $620,753 |
| Government grants | $2,608,120 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,492 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,236,365 |
| Total Program Service Revenue | $604,916 |
| Investment income | $7,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $107,932 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,957,118 |
| 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. | $327,141 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,558,511 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $298,252 |
| Payroll taxes | $137,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $134,240 |
| Fees for services: Accounting | $34,675 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $274,563 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $171,536 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,012 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $92,423 |
| Insurance | $13,689 |
| All other expenses | $225,840 |
| Total functional expenses | $3,635,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $967,080 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $190,618 |
| Accounts receivable, net | $387,728 |
| 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 | $34,896 |
| Net Land, buildings, and equipment | $61,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $281,711 |
| Other assets | $72,487 |
| Total assets | $1,996,088 |
| Accounts payable and accrued expenses | $190,202 |
| 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 | $210,443 |
| Other liabilities | $0 |
| Total liabilities | $400,645 |
| Net assets without donor restrictions | $640,294 |
| Net assets with donor restrictions | $955,149 |
| 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 | $1,996,088 |