Community Reuse Organization Of East Tennessee
- Assets
- $8.0m
- Revenue
- $33.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Oak Ridge, TN
- Founding
- 03/1997
- Data as of
- 09/2022
- EIN
- 62-1652594
Organization Overview
Community Reuse Organization Of East Tennessee is located in Oak Ridge, TN. The organization was established in 1997. 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 09/2022, Community Reuse Organization Of East Tennessee employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Reuse Organization Of East Tennessee is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REINDUSTRIALIZATION OF GOVERNMENT FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION HAS ENTERED INTO SUBLEASES WITH PRIVATE INDUSTRY TO REUSE THE DEPARTMENT OF ENERGY'S K-25 PLANT IN OAK RIDGE, TN. IT WORKED WITH LOCAL AGENCIES TO IMPROVE INFRASTRUCTURE AND ASSIST IN JOB DEVELOPMENT FOR WORKERS DISPLACED BY GOVERNMENT CUTBACKS IN THE OAK RIDGE, TN REGION. DIRECT EXPENSES ARE SHOWN AS RENTAL EXPENSE
OTHER PROGRAMS INCLUDE AN ENERGY PARKS INIATIVE THROUGH THE US DEPARTMENT OF ENERGY, AND GROWING SWITCHGRASS FOR AN ALTERNATIVE FUEL PROGRAM THROUGH THE UNIVERSITY OF TENNESSEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Frady President/ce | OfficerTrustee | 40 | $125,000 |
Lawrence Young Former Presi | 2 | $63,750 | |
David Bradshaw Board Member | Trustee | 2 | $0 |
Robert Brown Board Member | Trustee | 2 | $0 |
Charles Crowe Board Member | Trustee | 2 | $0 |
Ray Evans Board Member | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $1,469 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $29,409 |
| Net Gain/Loss on Asset Sales | -$605 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,876 |
| 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. | $136,009 |
| Compensation of current officers, directors, key employees. | $64,695 |
| Compensation to disqualified persons | $68,465 |
| Other salaries and wages | $41,400 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,220 |
| Payroll taxes | $17,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,966 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,760 |
| Advertising and promotion | $1,000 |
| Office expenses | $13,112 |
| Information technology | $3,318 |
| Royalties | $0 |
| Occupancy | $38,471 |
| Travel | $259 |
| 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 | $71,545 |
| Insurance | $14,791 |
| All other expenses | $19,239 |
| Total functional expenses | $482,684 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,563,296 |
| Savings and temporary cash investments | $673,029 |
| Pledges and grants receivable | $6,519 |
| Accounts receivable, net | $0 |
| 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 | $28,212 |
| Net Land, buildings, and equipment | $2,929,743 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $836,000 |
| Total assets | $8,036,799 |
| Accounts payable and accrued expenses | $137,199 |
| 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 | $137,199 |
| Net assets without donor restrictions | $7,899,600 |
| 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 | $8,036,799 |