Northeast Tennessee Regional Foundation For Economic Developmen
- Assets
- $17.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Johnson City, TN
- Founding
- 03/2019
- Data as of
- 12/2021
- EIN
- 81-4941487
Organization Overview
Northeast Tennessee Regional Foundation For Economic Developmen is located in Johnson City, TN. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Tennessee Regional Foundation For Economic Developmen 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 12/2021, Northeast Tennessee Regional Foundation For Economic Developmen generated $128.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 54.9% each year . All expenses for the organization totaled $123.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
A. PURCHASING, LEASING, SELLING, DEVELOPING, ORGANIZING AND MANAGING PROPERTIES AND PROGRAMS DESIGNED TO REVITALIZE AND STIMULATE THE DEVELOPMENT OF THE NORTHEAST TENNESSEE REGION. B. UNDERTAKING ACTIVITIES DESIGNED TO PRESERVE AND PROTECT THE HISTORY OF THE NORTHEAST TENNESSEE REGION. C. SPONSORING, MANAGING AND ADMINISTERING FESTIVALS, PROGRAMS AND OTHER EVENTS AND ACTIVITIES DESIGNED TO PROVIDE ECONOMIC ACTIVITY AND DEVELOPMENT IN THE NORTHEAST TENNESSEE REGION. D. ACCEPTING, HOLDING, INVESTING AND ADMINISTERING ANY GIFTS, BEQUESTS, DEVISES AND OTHER PROPERTY OF ANY SORT AND TO USE, DISBURSE OR DONATE THE INCOME OR PRINCIPAL THEREOF IN FURTHERANCE OF THE CORPORATION'S OBJECTIVES AND PURPOSES.E. SEEKING CONTRIBUTIONS, GRANTS AND OTHER FUNDING AND PROMOTE FUNDRAISING ACTIVITIES TO IMPLEMENT THE CORPORATION'S OBJECTIVES AND PURPOSES.F. ENGAGING IN ANY OTHER LAWFUL ENDEAVOR OR ACTIVITY IN THE FURTHERANCE OF ANY OF THE FOREGOING PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Galloway Director | 0 | $0 | |
David Nelson Director | 0 | $0 | |
Robin Pritchard Director | 0 | $0 | |
Matthew Rice Director | 0 | $0 | |
Carl Rountree Director | 0 | $0 | |
Roy Settle Secretary/treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $117,924 |
| Total Program Service Revenue | $9,008 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,847 |
| Other Revenue | $50 |
| Total Revenue | $128,829 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $123,075 |
| Total expenses | $123,075 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,454 |
| Other assets | $0 |
| Total assets | $17,468 |
| Total liabilities | $0 |
| Net assets or fund balances | $17,468 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Northeast Tennessee Regional Foundation For Economic Developmen has recieved totaling $35,000.
| Awarding Organization | Amount |
|---|---|
Appalachian Trail Conservancy Harpers Ferry, WV PURPOSE: WILD EAST ACTION FUND CAPACITY BUILDING | $15,000 |
Wellmont Health System Johnson City, TN PURPOSE: Sponsorship | $10,000 |
Wellmont Health System Johnson City, TN PURPOSE: Sponsorship | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Arkansas Development Council Benton, AR | $22,711,775 | $63,852,394 |
Southern Mississippi Planning And Development District Inc Gulfport, MS | $44,385,657 | $33,837,059 |
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
South Alabama Regional Planning Commission Mobile, AL | $10,162,715 | $18,722,811 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
St Louis Economic Development Partnership Saint Louis, MO | $27,235,860 | $13,883,018 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |