Civic Intelligence

Sullivan Cty Economic Dev Commisssion DBA Networks - Sullivan Partnership

990 • Fiscal year 2017 • EIN 62-0945243

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 29, 2018

Organization ProfileWWW.NETWORKSTN.COM
PO Box 747Blountville, TN 37617

(423) 279-7681

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.80x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

98th percentile

8.33x

Higher debt load relative to revenue than 98% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Net Margin

6th percentile

-17%

Higher net margin than 6% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

17th percentile

$130,200

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 17.1% of source-year revenue.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Source year 2017

Asset Growth

34th percentile

2.0%

Faster asset growth than 34% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

160%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)6 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$7,957,039

Up $158,026 (+2.0%) from 2016

Net Assets

Up

$1,623,807

Up $140,038 (+9.4%) from 2016

Liabilities

Up

$6,333,232

Up $17,988 (+0.3%) from 2016

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin6th percentile

Revenue

Up

$760,404

Up $468,436 (+160%) from 2016

Expenses

Down

$891,809

Down $45,693 (-4.9%) from 2016

Net Income

Up

-$131,405

Up $514,129 (+80%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$15M$10M$5.0M$0Assets 2011: $8,841,203Liabilities 2011: $8,274,900Net Assets 2011: $566,3032011Assets 2012: $9,002,550Liabilities 2012: $7,886,358Net Assets 2012: $1,116,1922012Assets 2013: $8,827,246Liabilities 2013: $7,242,218Net Assets 2013: $1,585,0282013Assets 2014: $8,872,723Liabilities 2014: $6,854,813Net Assets 2014: $2,017,9102014Assets 2015: $8,579,538Liabilities 2015: $6,803,790Net Assets 2015: $1,775,7482015Assets 2016: $7,799,013Liabilities 2016: $6,315,244Net Assets 2016: $1,483,7692016Assets 2017: $7,957,039Liabilities 2017: $6,333,232Net Assets 2017: $1,623,8072017Assets 2018: $7,699,967Liabilities 2018: $5,675,000Net Assets 2018: $2,024,9672018Assets 2019: $7,559,389Liabilities 2019: $5,311,978Net Assets 2019: $2,247,4112019Assets 2020: $6,764,298Liabilities 2020: $4,592,269Net Assets 2020: $2,172,0292020Assets 2021: $6,760,827Liabilities 2021: $4,028,419Net Assets 2021: $2,732,4082021Assets 2022: $11,018,753Liabilities 2022: $7,634,968Net Assets 2022: $3,383,7852022Assets 2023: $12,069,698Liabilities 2023: $6,941,851Net Assets 2023: $5,127,8472023Assets 2024: $9,878,247Liabilities 2024: $6,084,850Net Assets 2024: $3,793,3972024

Highlighted filing

2017

Assets$7,957,039
Liabilities$6,333,232
Net Assets$1,623,807
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $743,840Expenses 2011: $1,027,991Net Income 2011: -$284,1512011Revenue 2012: $711,009Expenses 2012: $1,015,105Net Income 2012: -$304,0962012Expenses 2013: $1,058,2642013Revenue 2014: $729,411Expenses 2014: $1,063,916Net Income 2014: -$334,5052014Revenue 2015: $328,367Expenses 2015: $1,033,302Net Income 2015: -$704,9352015Revenue 2016: $291,968Expenses 2016: $937,502Net Income 2016: -$645,5342016Revenue 2017: $760,404Expenses 2017: $891,809Net Income 2017: -$131,4052017Revenue 2018: $730,563Expenses 2018: $989,776Net Income 2018: -$259,2132018Revenue 2019: $821,288Expenses 2019: $988,902Net Income 2019: -$167,6142019Revenue 2020: $555,062Expenses 2020: $943,079Net Income 2020: -$388,0172020Revenue 2021: $925,193Expenses 2021: $791,769Net Income 2021: $133,4242021Revenue 2022: $819,146Expenses 2022: $949,053Net Income 2022: -$129,9072022Revenue 2023: $786,295Expenses 2023: $943,959Net Income 2023: -$157,6642023Revenue 2024: $693,107Expenses 2024: $2,921,712Net Income 2024: -$2,228,6052024

Highlighted filing

2017

Revenue$760,404
Expenses$891,809
Net Income-$131,405
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 29, 2018
Return Version
2016v3.0
Gross Receipts
$760,404
Mission and Program Overview

Mission

To develop and implement an overall economic development strategic plan whose overall goals are to create value added jobs, expand and diversify the economic base, and generate increased local tax revenues for the local governments.

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$6,491,303$6,597,558▲ $106,255
Cash and Non-Interest-Bearing Accounts$297,888$343,125▲ $45,237
Savings and Temporary Cash Investments$246,411$246,534▲ $123
Land, Buildings, and Equipment, Net$42,362$32,830▼ $9,532
Accounts Receivable$15,741$0▼ $15,741
Prepaid Expenses and Deferred Charges$27,500$9,733▼ $17,767
Total Assets$7,799,013$7,957,039▲ $158,026
Other Assets Total$677,808$727,259▲ $49,451
Liabilities
Other Liabilities$6,297,834$6,227,362▼ $70,472
Accounts Payable and Accrued Expenses$17,410$105,870▲ $88,460
Total Liabilities$6,315,244$6,333,232▲ $17,988
Net Assets / Fund Balance
Unrestricted Net Assets$1,483,769$1,623,807▲ $140,038
Total Net Assets Fund Balance$1,483,769$1,623,807▲ $140,038
Total Liabilities and Net Assets / Fund Balance$7,799,013$7,957,039▲ $158,026

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$6,597,558--
Equipment$32,830$131,856-
Other Assets Org$40,835--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Clay WalkerCEOFT$130,200$130,200

Board Members and Trustees

NameTitle
Carolyn FerrellChairman
Bill SumnerVice Chairman
David GoldenDirector
Dr Mike BrowderDirector
Eddie WilliamsDirector
Jerry CaldwellDirector
John CampbellDirector
Lea PowersDirector
Mayor Irene WellsDirector
Mayor Jack YoungDirector
Mayor John ClarkDirector
Mayor Richard VenableDirector
David WagnerSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$703,560
Program Service Revenue
$50,000
Investment Income
$124
Other Revenue
$6,720
All Other Contributions
$3,500
Change in Net Assets
$-131,405

Audited Revenue Reconciliation

Revenue per Audited Statements
$760,404
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$760,404
Total Revenue per Form 990
$760,404
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$572,385
Salaries, Compensation, and Employee Benefits$319,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest-$180,911-$180,911
Other Salaries and Wages$78,103$78,103-$156,206
Current Officers, Directors, Trustees, and Key Employees$68,225$68,225-$136,450
Travel$60,266--$60,266
Fees for Services Accounting-$38,200-$38,200
Occupancy-$33,232-$33,232
Payroll Taxes$11,055$11,055-$22,110
Conferences and Meetings$12,337--$12,337
Office Expenses-$12,259-$12,259
Information Technology-$12,013-$12,013
Insurance-$11,858-$11,858
Depreciation Depletion-$9,532-$9,532
Other Expenses$21,755$5,567-$5,567
Fees for Services Legal-$5,514-$5,514
Other Employee Benefits$2,329$2,329-$4,658
Total Functional Expenses$423,011$468,798$0$891,809

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$891,809
Total Expenses per Audited Statements$891,809
Total Expenses per Form 990$891,809
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Sullivan County$6,045,000
Deferred Inflow of Resources-pension Plan Investments$143,187
Accrued Interest$39,175
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
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 ceo and director of finance both review the form 990 before it is filed. All board memebers are informed via email that the draft form 990 is available for reivew upon request.”

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

“All employees and board members are required to read and sign the organizations code of ethics on an annual basis. Included in the code of ethics is a detailed outline of the organizations conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“Compensation of the executive director and key employees is based on a salary comparison with sullivan county tennessee's salary survey.”

Form 990, Part VI, Section C, Line 18

“Documents are available upon request”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Sullivan Cty Economic Dev Commisssion
EIN
62-0945243
Phone
4232797681
Address
PO BOX 747, BLOUNTVILLE, TN 37617

Signing Officer

Name
Carolyn Ferrell
Title
Chairman
Phone
4232797681
Signed
2018-01-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clay Walker
Formed
1994
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
0

Preparer

Firm
Brown Edwards & Company Llp
Address
513 STATE STREET, BRISTOL, VA 24201
Preparer
Richard L Linnen
Phone
2766696171
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Capital contributions from member governments. 271,443.”

Financial Statement Notes

PART X, LINE 2:

“Networks accounts for uncertain tax positions in accordance with the accounting standard accounting for uncertain tax positions. This accounting standard provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in networks' financial statements. It requires an entity to recognize the financial statement impact of a tax position when it is more likely than not that the position will not be sustained upon examination. As of june 30, 2017, networks had no uncertain tax positions that would require financial statement recognition, derecognition, or disclosure. Networks files form 990 in the u.s. Federal jurisdiction. There are no internal revenue service (irs) examinations in progress. Networks is generally no longer subject to examination by the irs for tax years before 2013. Networks includes penalties and interest assessed by income taxing authorities in general and administrative expenses. Networks did not have penalties and interest assessed by taxing authorities during the year ended june 30, 2017.”

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IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO DEVELOP AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGIC PLAN WHOSE OVERALL GOALS ARE TO CREATE VALUE ADDED JOBS, EXPAND AND DIVERSIFY THE ECONOMIC BASE, AND GENERATE INCREASED LOCAL TAX REVENUES FOR THE LOCAL GOVERNMENTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/NetAssetsOrFundBalancesEOYAmt01623807
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IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt06720
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/TotalAmt033232
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt012259
IRS990/OfficeExpensesGrp/TotalAmt012259
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0677808
IRS990/OtherAssetsTotalGrp/EOYAmt0727259
IRS990/OtherChangesInNetAssetsAmt0271443
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt02329
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02329
IRS990/OtherEmployeeBenefitsGrp/TotalAmt04658
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1PROMOTIONS AND PROSPECT
IRS990/OtherExpensesGrp/Desc2DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3PROPERTY EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05567
IRS990/OtherExpensesGrp/ProgramServicesAmt0101763
IRS990/OtherExpensesGrp/ProgramServicesAmt167178
IRS990/OtherExpensesGrp/ProgramServicesAmt221755
IRS990/OtherExpensesGrp/TotalAmt0101763
IRS990/OtherExpensesGrp/TotalAmt167178
IRS990/OtherExpensesGrp/TotalAmt221755
IRS990/OtherExpensesGrp/TotalAmt35567
IRS990/OtherLiabilitiesGrp/BOYAmt06297834
IRS990/OtherLiabilitiesGrp/EOYAmt06227362
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt078103
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt078103
IRS990/OtherSalariesAndWagesGrp/TotalAmt0156206
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt011055
IRS990/PayrollTaxesGrp/ProgramServicesAmt011055
IRS990/PayrollTaxesGrp/TotalAmt022110
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09733
IRS990/PrincipalOfficerNm0CLAY WALKER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0MARKETING SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt050000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt050000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0703560
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-470001
IRS990/PYOtherExpensesAmt0640334
IRS990/PYOtherRevenueAmt08409
IRS990/PYProgramServiceRevenueAmt050000
IRS990/PYRevenuesLessExpensesAmt0-645534
IRS990/PYSalariesCompEmpBnftPaidAmt0297168
IRS990/PYTotalExpensesAmt0937502
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0291968
IRS990/ReconcilationRevenueExpnssAmt0-131405
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt06720
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0246411
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0246534
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0700060
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03500300
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt06720
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08409
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt015716
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt012584
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt016368
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt059797
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0125000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98320
IRS990ScheduleA/PublicSupportPY170Pct00.98170
IRS990ScheduleA/PublicSupportTotal170Amt03500300
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0700060
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03500300
IRS990ScheduleA/TotalSupportAmt03560097
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt032830
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0131856
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0164686
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0891809
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt06597558
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0LAND HELD FOR DEVELOPMENT AND RESALE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0136520
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1549904
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt240835
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED CHARGE ON REFUNDING
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEFERRED OUTFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06045000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1143187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt239175
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SULLIVAN COUNTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED INFLOW OF RESOURCES-PENSION PLAN INVESTMENTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED INTEREST
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0760404
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NETWORKS ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE ACCOUNTING STANDARD ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THIS ACCOUNTING STANDARD PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN NETWORKS' FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. AS OF JUNE 30, 2017, NETWORKS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION, DERECOGNITION, OR DISCLOSURE. NETWORKS FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THERE ARE NO INTERNAL REVENUE SERVICE (IRS) EXAMINATIONS IN PROGRESS. NETWORKS IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE IRS FOR TAX YEARS BEFORE 2013. NETWORKS INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN GENERAL AND ADMINISTRATIVE EXPENSES. NETWORKS DID NOT HAVE PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES DURING THE YEAR ENDED JUNE 30, 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt032830
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0727259
IRS990ScheduleD/TotalBookValueProgramRltdAmt06597558
IRS990ScheduleD/TotalExpensesPerForm990Amt0891809
IRS990ScheduleD/TotalLiabilityAmt06227362
IRS990ScheduleD/TotalRevenuePerForm990Amt0760404
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0760404
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0891809
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CEO AND DIRECTOR OF FINANCE BOTH REVIEW THE FORM 990 BEFORE IT IS FILED. ALL BOARD MEMEBERS ARE INFORMED VIA EMAIL THAT THE DRAFT FORM 990 IS AVAILABLE FOR REIVEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO READ AND SIGN THE ORGANIZATIONS CODE OF ETHICS ON AN ANNUAL BASIS. INCLUDED IN THE CODE OF ETHICS IS A DETAILED OUTLINE OF THE ORGANIZATIONS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS BASED ON A SALARY COMPARISON WITH SULLIVAN COUNTY TENNESSEE'S SALARY SURVEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CAPITAL CONTRIBUTIONS FROM MEMBER GOVERNMENTS. 271,443.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07799013
IRS990/TotalAssetsEOYAmt07957039
IRS990/TotalAssetsGrp/BOYAmt07799013
IRS990/TotalAssetsGrp/EOYAmt07957039
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0703560
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0468798

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,957,039
Liabilities
$6,333,232
Net assets
$1,623,807
Revenue
$760,404
Expenses
$891,809
Net income
-$131,405
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.88$6.08$3.79$0.69$2.92$2.23
2023Detailed filing. Detailed filing data is available for this year.$12.1$6.94$5.13$0.79$0.94$0.16
2022Detailed filing. Detailed filing data is available for this year.$11.0$7.63$3.38$0.82$0.95$0.13
2021Detailed filing. Detailed filing data is available for this year.$6.76$4.03$2.73$0.93$0.79$0.13
2020Detailed filing. Detailed filing data is available for this year.$6.76$4.59$2.17$0.56$0.94$0.39
2019Detailed filing. Detailed filing data is available for this year.$7.56$5.31$2.25$0.82$0.99$0.17
2018Detailed filing. Detailed filing data is available for this year.$7.70$5.68$2.02$0.73$0.99$0.26
2017Detailed filing. Detailed filing data is available for this year.$7.96$6.33$1.62$0.76$0.89$0.13
2016Detailed filing. Detailed filing data is available for this year.$7.80$6.32$1.48$0.29$0.94$0.65
2015Detailed filing. Detailed filing data is available for this year.$8.58$6.80$1.78$0.33$1.03$0.70
2014Detailed filing. Detailed filing data is available for this year.$8.87$6.85$2.02$0.73$1.06$0.33
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.83$7.24$1.59$1.06
2012Summary only. Only limited summary data is available for this year.$9.00$7.89$1.12$0.71$1.02$0.30
2011Summary only. Only limited summary data is available for this year.$8.84$8.27$0.57$0.74$1.03$0.28