Tourism Board Of Sumner County Inc
- Assets
- $243.2k
- Revenue
- $799.6k
- Investments
- $0.0
- Employees
- 13
- Location
- Gallatin, TN
- Founding
- Data as of
- 06/2022
- EIN
- 82-3120307
Organization Overview
Tourism Board Of Sumner County Inc is located in Gallatin, TN. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Tourism Board Of Sumner County Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tourism Board Of Sumner County 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 06/2022, Tourism Board Of Sumner County Inc generated $799.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $740.7k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 3 years. 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
TO PROMOTE TOURISM IN SUMNER COUNTY TENNESSEE
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE TOURISM IN SUMNER COUNTY TENNESSEE.
TO PROMOTE TOURISM IN SUMNER COUNTY, TENNESSEE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Baker Ring Vice Chairma | OfficerTrustee | $0 | |
Jean Montgomery Treasurer | OfficerTrustee | $0 | |
Marilee Tice Chairman | OfficerTrustee | $0 | |
John Isabell County Execu | OfficerTrustee | $0 | |
Angela Govan Member | Trustee | $0 | |
Tami Wallace Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $722,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $46,800 |
| Noncash contributions included in lines 1a–1f | $46,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,911 |
| Total Program Service Revenue | $30,352 |
| Investment income | $298 |
| 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 | $799,561 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,667 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,191 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $67,323 |
| Office expenses | $59,036 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,865 |
| Travel | $3,179 |
| 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 | $8,160 |
| Insurance | $2,729 |
| All other expenses | $11,853 |
| Total functional expenses | $740,676 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,760 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,698 |
| 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 | $10,823 |
| Net Land, buildings, and equipment | $10,904 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $243,185 |
| Accounts payable and accrued expenses | $33,142 |
| 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 | $33,142 |
| Net assets without donor restrictions | $210,043 |
| 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 | $243,185 |
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