Tennessee Economic Development Council
- Assets
- $226.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2001
- Data as of
- 12/2022
- EIN
- 91-2130756
Organization Overview
Tennessee Economic Development Council is located in Nashville, TN. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Tennessee Economic Development Council 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 12/2022, Tennessee Economic Development Council generated $133.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $138.3k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 8 years. 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
2022
Describe the Organization's Program Activity:
Part 3
ORGANIZATION PROVIDED STATEWIDE ECONOMIC DEVELOPMENT ASSISTANCE TO NUMEROUS ORGANIZATIONS AND INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kendrick Curtis Treasurer | 0 | $0 | |
Greg Lowe Past President | 0 | $0 | |
Lisa Collett Director | 0 | $0 | |
Ted Townsend Director | 0 | $0 | |
Nick Cunningham Director | 0 | $0 | |
Charles Wood Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $74,521 |
| Membership dues | $57,950 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $675 |
| Total Revenue | $133,146 |
| 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 | $525 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $11,446 |
| Other expenses | $126,285 |
| Total expenses | $138,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $226,719 |
| Other assets | $0 |
| Total assets | $226,719 |
| Total liabilities | $0 |
| Net assets or fund balances | $226,719 |