Civic Intelligence

Brightbridge Inc.

990 • Fiscal year 2022 • EIN 58-1494630

Jul 01, 2021 to Jun 30, 2022 • Filed on Nov 10, 2022

Organization ProfileWWW.BRIGHTBRIDGEINC.ORG

View Organization Page

506 Broad StreetChattanooga, TN 37402

(423) 424-4220

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

89th percentile

0.95x

Higher debt load relative to assets than 89% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

32.88x

Higher debt load relative to revenue than 99% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Net Margin

80th percentile

26%

Higher net margin than 80% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Top Officer Pay

11th percentile

$193,934

Higher top officer pay than 11% of similar nonprofits.

Top officer pay equals 5.6% of source-year revenue.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2022

Asset Growth

96th percentile

67%

Faster asset growth than 96% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Revenue Growth

73rd percentile

16%

Faster revenue growth than 73% of similar nonprofits.

2022 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$120,622,501

Up $48,487,952 (+67%) from 2021

Net Assets

Up

$6,411,060

Up $917,893 (+17%) from 2021

Liabilities

Up

$114,211,441

Up $47,570,059 (+71%) from 2021

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin80th percentile

Revenue

Up

$3,473,186

Up $483,858 (+16%) from 2021

Expenses

Up

$2,555,293

Up $413,153 (+19%) from 2021

Net Income

Up

$917,893

Up $70,705 (+8.3%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2011: $8,966,121Liabilities 2011: $3,287,912Net Assets 2011: $5,678,2092011Assets 2012: $8,564,512Liabilities 2012: $5,159,780Net Assets 2012: $3,404,7322012Assets 2013: $8,540,048Liabilities 2013: $4,868,320Net Assets 2013: $3,671,7282013Assets 2014: $8,554,231Liabilities 2014: $4,693,675Net Assets 2014: $3,860,5562014Assets 2015: $8,676,441Liabilities 2015: $4,908,355Net Assets 2015: $3,768,0862015Assets 2016: $7,625,124Liabilities 2016: $4,069,017Net Assets 2016: $3,556,1072016Assets 2017: $8,023,656Liabilities 2017: $4,324,699Net Assets 2017: $3,698,9572017Assets 2018: $9,019,300Liabilities 2018: $5,270,846Net Assets 2018: $3,748,4542018Assets 2019: $21,973,043Liabilities 2019: $18,275,677Net Assets 2019: $3,697,3662019Assets 2020: $51,290,497Liabilities 2020: $46,644,518Net Assets 2020: $4,645,9792020Assets 2021: $72,134,549Liabilities 2021: $66,641,382Net Assets 2021: $5,493,1672021Assets 2022: $120,622,501Liabilities 2022: $114,211,441Net Assets 2022: $6,411,0602022Assets 2023: $141,822,282Liabilities 2023: $134,272,114Net Assets 2023: $7,550,1682023Assets 2024: $161,141,804Liabilities 2024: $151,520,657Net Assets 2024: $9,621,1472024Assets 2025: $162,669,812Liabilities 2025: $150,637,147Net Assets 2025: $12,032,6652025

Highlighted filing

2022

Assets$120,622,501
Liabilities$114,211,441
Net Assets$6,411,060
Open 2022 Filing

Operations Trend

Revenue Growth73rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2011: $2,207,044Expenses 2011: $2,401,286Net Income 2011: -$194,2422011Revenue 2012: $2,047,454Expenses 2012: $2,020,931Net Income 2012: $26,5232012Revenue 2013: $2,065,009Expenses 2013: $1,798,013Net Income 2013: $266,9962013Revenue 2014: $2,453,082Expenses 2014: $2,263,975Net Income 2014: $189,1072014Revenue 2015: $1,664,998Expenses 2015: $1,757,468Net Income 2015: -$92,4702015Revenue 2016: $1,494,841Expenses 2016: $1,706,820Net Income 2016: -$211,9792016Revenue 2017: $1,914,638Expenses 2017: $1,771,788Net Income 2017: $142,8502017Revenue 2018: $1,970,265Expenses 2018: $1,920,768Net Income 2018: $49,4972018Revenue 2019: $1,612,964Expenses 2019: $1,455,029Net Income 2019: $157,9352019Revenue 2020: $2,806,922Expenses 2020: $1,858,309Net Income 2020: $948,6132020Revenue 2021: $2,989,328Expenses 2021: $2,142,140Net Income 2021: $847,1882021Revenue 2022: $3,473,186Expenses 2022: $2,555,293Net Income 2022: $917,8932022Revenue 2023: $6,832,470Expenses 2023: $5,693,362Net Income 2023: $1,139,1082023Revenue 2024: $10,677,807Expenses 2024: $8,606,828Net Income 2024: $2,070,9792024Revenue 2025: $10,405,323Expenses 2025: $9,379,832Net Income 2025: $1,025,4912025

Highlighted filing

2022

Revenue$3,473,186
Expenses$2,555,293
Net Income$917,893
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Nov 10, 2022
Return Version
2021v4.2
Gross Receipts
$3,473,186
Mission and Program Overview

Mission

Promotion and assistance of economic development through business financing and providing technical assistance

501(c)(3) that promotes economic development by providing loans and technical assistance.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$64,250,321$88,925,621▲ $24,675,300
Savings and Temporary Cash Investments$7,385,110$31,013,683▲ $23,628,573
Accounts Receivable$248,125$302,560▲ $54,435
Prepaid Expenses and Deferred Charges$62,709$124,094▲ $61,385
Investments Other Securities$42,332$43,339▲ $1,007
Land, Buildings, and Equipment, Net$22,650$29,720▲ $7,070
Total Assets$72,134,549$120,622,501▲ $48,487,952
Other Assets Total$123,302$183,484▲ $60,182
Liabilities
Mortgage Notes Payable Secured by Investment Property$64,909,773$113,525,985▲ $48,616,212
Grants Payable$982,665--
Accounts Payable and Accrued Expenses$748,944$685,456▼ $63,488
Total Liabilities$66,641,382$114,211,441▲ $47,570,059
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,493,167$6,411,060▲ $917,893
Total Net Assets Fund Balance$5,493,167$6,411,060▲ $917,893
Total Liabilities and Net Assets / Fund Balance$72,134,549$120,622,501▲ $48,487,952

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,720$142,410$172,130
Leasehold Improvements$0$41,124$41,124
Compensation and Service Providers
Top Officer Pay11th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bill PollardCEOFT$175,402$18,532$193,934
Mike OhlmanPresidentFT$147,912$24,267$172,179
Monica BlantonSenior Vice PresidentFT$151,528$20,187$171,715
Mike HowardAssistant Vice-presidentFT$72,200$18,706$90,906
Miguel PartapController and SecretaryFT$80,395$8,097$88,492

Board Members and Trustees

NameTitle
Clem RenfroChairman
Abby GarrisonDirector
Angela ConnerDirector
Bob CantlerDirector
Gary PettyDirector
Jack SampleDirector
Jeff LandDirector
Jim CallihanDirector
Joe PittsDirector
Kirk GoehringDirector
Les RoddyDirector
Lindsay FrillingDirector
Michael OwensDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,468,343
Investment Income
$0
Other Revenue
$4,843
Change in Net Assets
$917,893

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,473,186
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,473,186
Total Revenue per Form 990
$3,473,186
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,675,408
Other Expenses$879,885
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$636,719$168,694-$805,413
Current Officers, Directors, Trustees, and Key Employees$510,944$116,392-$627,336
Other Employee Benefits$187,494$55,165-$242,659
Occupancy-$123,754-$123,754
Advertising$110,358$2,341-$112,699
Interest$85,107--$85,107
Fees for Services Other$28,287$41,030-$69,317
Insurance-$45,750-$45,750
Fees for Services Accounting$9,794$14,206-$24,000
Other Expenses$1,148$13,773-$14,921
All Other Expenses$6,024$4,491-$10,515
Travel$200$4,845-$5,045
Office Expenses$1,606$2,866-$4,472
Depreciation Depletion-$3,600-$3,600
Fees for Services Legal$730$1,058-$1,788
Total Functional Expenses$1,944,397$610,896$0$2,555,293

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,555,293
Total Expenses per Audited Statements$2,555,293
Total Expenses per Form 990$2,555,293
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The form 990 is prepared by an independent public accounting firm and submitted to the president and ceo for review and approval. After review and approval, the form 990 is then distributed to all board members before filing.”

Form 990, Part VI, Section B, Line 12C

“All board members sign a directors certification required by sba. This includes a conflict of interest policy. Board members are expected to abstain from voting if there is a conflict of interest.”

Form 990, Part VI, Section B, Line 15

“Compensation of the executive director and key employees are subject to review and approval of the board of directors.”

Form 990, Part VI, Section C, Line 19

“Documents open to public inspection are available at the office upon request.”

Filing and Contact Details

Filer

Filer Name
Brightbridge Inc
EIN
58-1494630
Phone
4234244220
Address
506 BROAD STREET, CHATTANOOGA, TN 37402

Signing Officer

Name
Bill Pollard
Title
CEO
Phone
4234244227
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Pollard
Formed
1981
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
13
Employees
14
Volunteers
15

Preparer

Firm
Mauldin & Jenkins LLC
Address
200 W MLK BLVD STE 1100, CHATTANOOGA, TN 37402-1239
Preparer
Christian Bennett
Phone
4237566133
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Oversight of our audit, review of our financial statements, and selection of our independent accountants is assumed by the finance committee.”

Financial Statement Notes

PART X, LINE 2:

“The organization accounts for income taxes in accordance with income tax accounting guidance in asc topic 740. The organization follows the statutory requirements for its income tax accounting and generally avoids risks associated with potentially problematic tax positions that may be challenged upon examination. Management believes any liability resulting from taxing authorities imposing additional income taxes from activities deemed to be unrelelated to the organization's non-taxable status would not have a material effect on the organization's consolidated financial statements. With few exceptions, the organization is no longer subject to tax examinations by tax authorities for years before 2018.”

Raw XML AppendixShowing 400 of 648 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0748944
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0685456
IRS990/AccountsReceivableGrp/BOYAmt0248125
IRS990/AccountsReceivableGrp/EOYAmt0302560
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0501(C)(3) THAT PROMOTES ECONOMIC DEVELOPMENT BY PROVIDING LOANS AND TECHNICAL ASSISTANCE.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt02341
IRS990/AdvertisingGrp/ProgramServicesAmt0110358
IRS990/AdvertisingGrp/TotalAmt0112699
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt04491
IRS990/AllOtherExpensesGrp/ProgramServicesAmt06024
IRS990/AllOtherExpensesGrp/TotalAmt010515
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MIGUEL PARTAP
IRS990/BooksInCareOfDetail/PhoneNum04234244220
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0506 BROAD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHATTANOOGA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037402
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0116392
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0510944
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0627336
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0879885
IRS990/CYOtherRevenueAmt04843
IRS990/CYProgramServiceRevenueAmt03468343
IRS990/CYRevenuesLessExpensesAmt0917893
IRS990/CYSalariesCompEmpBnftPaidAmt01675408
IRS990/CYTotalExpensesAmt02555293
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03473186
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt03600
IRS990/DepreciationDepletionGrp/TotalAmt03600
IRS990/Desc0SBA COMMUNITY ADVANTAGE - LOANS TO SMALL AND STARTUP BUSINESSES FOR USE IN NORMAL BUSINESS OPERATIONS TO FINANCE WORKING CAPITAL NEEDS, EQUIPMENT PURCHASES, OR EXPANSION PROJECTS. LOANS ARE REPAID BY BUSINESS CASH FLOWS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt014
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01323591
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt014206
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt09794
IRS990/FeesForServicesAccountingGrp/TotalAmt024000
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt01058
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0730
IRS990/FeesForServicesLegalGrp/TotalAmt01788
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt041030
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt028287
IRS990/FeesForServicesOtherGrp/TotalAmt069317
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1440.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1540.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1640.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt224267
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1420187
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1518532
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt168097
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1718706
IRS990/Form990PartVIISectionAGrp/PersonNm0LES RODDY
IRS990/Form990PartVIISectionAGrp/PersonNm1JACK SAMPLE
IRS990/Form990PartVIISectionAGrp/PersonNm2MIKE OHLMAN
IRS990/Form990PartVIISectionAGrp/PersonNm3JOE PITTS
IRS990/Form990PartVIISectionAGrp/PersonNm4CLEM RENFRO
IRS990/Form990PartVIISectionAGrp/PersonNm5JIM CALLIHAN
IRS990/Form990PartVIISectionAGrp/PersonNm6ANGELA CONNER
IRS990/Form990PartVIISectionAGrp/PersonNm7GARY PETTY
IRS990/Form990PartVIISectionAGrp/PersonNm8LINDSAY FRILLING
IRS990/Form990PartVIISectionAGrp/PersonNm9JEFF LAND
IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL OWENS
IRS990/Form990PartVIISectionAGrp/PersonNm11ABBY GARRISON
IRS990/Form990PartVIISectionAGrp/PersonNm12KIRK GOEHRING
IRS990/Form990PartVIISectionAGrp/PersonNm13BOB CANTLER
IRS990/Form990PartVIISectionAGrp/PersonNm14MONICA BLANTON
IRS990/Form990PartVIISectionAGrp/PersonNm15BILL POLLARD
IRS990/Form990PartVIISectionAGrp/PersonNm16MIGUEL PARTAP
IRS990/Form990PartVIISectionAGrp/PersonNm17MIKE HOWARD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt2147912
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14151528
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt15175402
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1680395
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1772200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt16CONTROLLER AND SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17ASSISTANT VICE-PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantsPayableGrp/BOYAmt0982665
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03473186
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt045750
IRS990/InsuranceGrp/TotalAmt045750
IRS990/InterestGrp/ProgramServicesAmt085107
IRS990/InterestGrp/TotalAmt085107
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt042332
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt043339
IRS990/IRPDocumentCnt025
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0183534
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022650
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029720
IRS990/LandBldgEquipCostOrOtherBssAmt0213254
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTION AND ASSISTANCE OF ECONOMIC DEVELOPMENT THROUGH BUSINESS FINANCING AND PROVIDING TECHNICAL ASSISTANCE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt064909773
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0113525985
IRS990/NetAssetsOrFundBalancesBOYAmt05493167
IRS990/NetAssetsOrFundBalancesEOYAmt06411060
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05493167
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt06411060
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0123754
IRS990/OccupancyGrp/TotalAmt0123754
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02866
IRS990/OfficeExpensesGrp/ProgramServicesAmt01606
IRS990/OfficeExpensesGrp/TotalAmt04472
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0123302
IRS990/OtherAssetsTotalGrp/EOYAmt0183484
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt055165
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0187494
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0242659
IRS990/OtherExpensesGrp/Desc0LOAN CLOSING COSTS
IRS990/OtherExpensesGrp/Desc1TRAINING
IRS990/OtherExpensesGrp/Desc2PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04708
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18223
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt213773
IRS990/OtherExpensesGrp/ProgramServicesAmt0276172
IRS990/OtherExpensesGrp/ProgramServicesAmt163749
IRS990/OtherExpensesGrp/ProgramServicesAmt226065
IRS990/OtherExpensesGrp/ProgramServicesAmt31148
IRS990/OtherExpensesGrp/TotalAmt0280880
IRS990/OtherExpensesGrp/TotalAmt171972
IRS990/OtherExpensesGrp/TotalAmt226065
IRS990/OtherExpensesGrp/TotalAmt314921
IRS990/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt04843
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04843
IRS990/OtherRevenueTotalAmt04843
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0168694
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0636719
IRS990/OtherSalariesAndWagesGrp/TotalAmt0805413
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt064250321
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt088925621
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt062709
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0124094
IRS990/PrincipalOfficerNm0BILL POLLARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0525990
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/BusinessCd3525990
IRS990/ProgramServiceRevenueGrp/BusinessCd4525990
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTERST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2LOAN FEES
IRS990/ProgramServiceRevenueGrp/Desc3CONSULTING FEES
IRS990/ProgramServiceRevenueGrp/Desc4SERVICING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01223424
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11048121
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2450558
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3428126
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt4318114
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01223424
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11048121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2450558
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3428126
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4318114
IRS990/ProgSrvcAccomActy2Grp/Desc0SMALL BUSINESS LENDING PROGRAM - PROGRAM A PROVIDES LOANS TO SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT. PROGRAM B PROVIDES BUSINESSES (BOTH FOR-PROFIT AND NOT-FOR-PROFIT) LOCATED IN DESIGNATED LOW-INCOME CENSUS TRACTS OR OWNED BY MEMBERS OR A TARGETED POPULATION, WHICH INCLUDES LOW-INCOME PERSONS AND ELIGIBLE MINORITIES, WITH LOANS THAT CAN BE USED FOR MOST BUSINESS PURPOSES, INCLUDING WORKING CAPITAL, FIXED ASSETS, AND OTHERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0292601
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0992777
IRS990/ProgSrvcAccomActy3Grp/Desc0NEW MARKET TAX CREDIT PROVIDES CAPITAL TO BUSINESSES LOCATED IN DISTRESSED COMMUNITIES
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0323397
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01476246
IRS990/ProgSrvcAccomActyOtherGrp/Desc0GEORGIA RURAL DEVELOPMENT RELENDING FUND - PROVIDES SMALL AND STARTUP BUSINESSES THAT ARE LOCATED IN QUALIFIED AREAS LOANS THAT CAN BE USED FOR ACQUISITION OF LAND, LAND IMPROVEMENTS, BUILDING CONSTRUCTION, PURCHASE OF BUILDINGS, RENOVATION OF BUILDINGS, AND PURCHASE OF MACHINERY, OR EQUIPMENT.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt04808
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0276480
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt040025
IRS990/PYOtherExpensesAmt0891695
IRS990/PYOtherRevenueAmt043696
IRS990/PYProgramServiceRevenueAmt02905607
IRS990/PYRevenuesLessExpensesAmt0847188
IRS990/PYSalariesCompEmpBnftPaidAmt01250445
IRS990/PYTotalExpensesAmt02142140
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02989328
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0917893
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0727683
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07385110
IRS990/SavingsAndTempCashInvstGrp/EOYAmt031013683
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt038197
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt038197
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt021000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt030625
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt08446
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt09323
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt069394
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03468343
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02905607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02765551
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01586886
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01879325
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt012605712
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt021000
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt030625
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt08446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt09323
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt069394
IRS990ScheduleA/InvestmentIncomeCYPct00.00540
IRS990ScheduleA/InvestmentIncomePYPct00.00700
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt04843
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt027771
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt015821
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07307
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt055702

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$120,622,501
Liabilities
$114,211,441
Net assets
$6,411,060
Revenue
$3,473,186
Expenses
$2,555,293
Net income
$917,893
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$163$151$12.0$10.4$9.38$1.03
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$161$152$9.62$10.7$8.61$2.07
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$142$134$7.55$6.83$5.69$1.14
2022Detailed filing. Detailed filing data is available for this year.$121$114$6.41$3.47$2.56$0.92
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$72.1$66.6$5.49$2.99$2.14$0.85
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$51.3$46.6$4.65$2.81$1.86$0.95
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.0$18.3$3.70$1.61$1.46$0.16
2018Summary only. Only limited summary data is available for this year.$9.02$5.27$3.75$1.97$1.92$0.05
2017Summary only. Only limited summary data is available for this year.$8.02$4.32$3.70$1.91$1.77$0.14
2016Summary only. Only limited summary data is available for this year.$7.63$4.07$3.56$1.49$1.71$0.21
2015Summary only. Only limited summary data is available for this year.$8.68$4.91$3.77$1.66$1.76$0.09
2014Summary only. Only limited summary data is available for this year.$8.55$4.69$3.86$2.45$2.26$0.19
2013Summary only. Only limited summary data is available for this year.$8.54$4.87$3.67$2.07$1.80$0.27
2012Summary only. Only limited summary data is available for this year.$8.56$5.16$3.40$2.05$2.02$0.03
2011Summary only. Only limited summary data is available for this year.$8.97$3.29$5.68$2.21$2.40$0.19