Retiree Resource Corp

Organization Overview

Retiree Resource Corp is located in Knoxville, TN. The organization was established in 2002. According to its NTEE Classification (M20) the organization is classified as: Disaster Preparedness & Relief Services, under the broad grouping of Public Safety, Disaster Preparedness & Relief and related organizations. As of 09/2023, Retiree Resource Corp employed 520 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Retiree Resource Corp 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 09/2023, Retiree Resource Corp generated $48.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $48.2m during the year ending 09/2023. While expenses have increased by 0.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDES QUALIFIED PERSONNEL FOR STAFF AUGMENTATION TO SUPPLEMENT THE TENNESSEE VALLEY AUTHORITY'S (TVA) WORKFORCE REQUIREMENTS TO ASSIST TVA IN ACHIEVING ITS MISSION. ALSO PROVIDES FINANCIAL SUPPORT TO RELATED TAX-EXEMPT ORGANIZATIONS HAVING SHARED AND/OR COMPLEMENTARY CHARITABLE PURPOSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RETIREE RESOURCES CORPORATION'S (RRC) PRIMARY PURPOSE IS TO AID AND SUPPORT THE TENNESSEE VALLEY AUTHORITY IN ITS POWER AND ENERGY MISSION AS WELL AS ITS WATERSHED MANAGEMENT, PUBLIC RECREATION, ECONOMIC AND COMMUNITY DEVELOPMENT, ENERGY EDUCATION AND CONSERVATION, AND ENVIRONMENTALLY RESPONSIBLE USE AND DEVELOPMENT OF NATURAL RESOURCES. RRC DOES THIS BY PROVIDING WELL TRAINED PERSONNEL FOR SHORT-TERM STAFF AUGMENTATION TO SUPPLEMENT TVA'S WORKFORCE REQUIREMENTS. RRC EMPLOYEES ARE MADE UP OF FORMER TVA EMPLOYEES OR TVA RETIREES. RRC PROVIDES STAFF AT A COST EFFECTIVE RATE TO TVA, THEREBY LESSENING THE BURDEN OF GOVERNMENT. IN ADDITION, RRC IS INVOLVED IN PUBLIC OUTREACH EDUCATIONAL PROGRAMS IN CONJUNCTION WITH TVA. RRC ALSO SUPPORTS OTHER RELATED TAX-EXEMPT ORGANIZATIONS THAT PURSUE ACTIVITIES SIMILAR TO THOSE ENGAGED IN BY RRC. RRC PROVIDED 520 STAFF AUGMENTATION EMPLOYEES TO TVA IN 2022.


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Board, Officers & Key Employees

Name (title)Compensation
John Hoskins
Member
$0
Dewitt Burleson
Member
$0
Janet Herrin
Secretary
$0
Ralph Rodgers
Chairman
$0
Leslie Bazzoon
Member
$0
Katherine Black
President
$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$48,235,707
Investment income $80,538
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 $48,316,245

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