Civic Intelligence

Sevier County Economic Development

EIN 62-1304987 • 501(c)6 • Sevierville, TN

Profile

To create, retain, & invest wealth for the creation of quality job opportunities for the residents of sevier co. Through the investment of wealth, maintain & improve the quality of life for the people of sevier co.

321 Court AvenueSevierville, TN 37862

www.scedc.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

80th percentile

0.33x

Higher debt load relative to assets than 80% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.22x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

35th percentile

-1.3%

Higher net margin than 35% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

96th percentile

64%

Faster asset growth than 96% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

58th percentile

8.5%

Faster revenue growth than 58% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$410,107

Up $160,096 (+64%) from 2023

Liabilities

Up

$134,200

Up $85,310 (+174%) from 2023

Net Assets

Up

$275,907

Up $74,786 (+37%) from 2023

Revenue

Up

$612,781

Up $48,241 (+8.5%) from 2023

Expenses

Up

$620,717

Up $37,324 (+6.4%) from 2023

Net Income

Up

-$7,936

Up $10,917 (+58%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2011: $195,095Liabilities 2011: $105,592Net Assets 2011: $89,5032011Assets 2012: $163,736Liabilities 2012: $87,537Net Assets 2012: $76,1992012Assets 2013: $104,440Liabilities 2013: $64,160Net Assets 2013: $40,2802013Assets 2014: $54,538Liabilities 2014: $32,063Net Assets 2014: $22,4752014Assets 2015: $219,503Liabilities 2015: $155,661Net Assets 2015: $63,8422015Assets 2016: $104,261Liabilities 2016: $169,182Net Assets 2016: -$64,9212016Assets 2017: $152,070Liabilities 2017: $214,082Net Assets 2017: -$62,0122017Assets 2018: $107,845Liabilities 2018: $123,329Net Assets 2018: -$15,4842018Assets 2019: $101,144Liabilities 2019: $93,979Net Assets 2019: $7,1652019Assets 2020: $183,729Liabilities 2020: $87,935Net Assets 2020: $95,7942020Assets 2021: $275,051Liabilities 2021: $55,560Net Assets 2021: $219,4912021Assets 2022: $444,803Liabilities 2022: $185,239Net Assets 2022: $259,5642022Assets 2023: $250,011Liabilities 2023: $48,890Net Assets 2023: $201,1212023Assets 2024: $410,107Liabilities 2024: $134,200Net Assets 2024: $275,9072024

Highlighted filing

2024

Assets$410,107
Liabilities$134,200
Net Assets$275,907

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2011: $551,883Expenses 2011: $537,538Net Income 2011: $14,3452011Revenue 2012: $443,752Expenses 2012: $457,056Net Income 2012: -$13,3042012Expenses 2013: $512,3032013Revenue 2014: $415,303Expenses 2014: $433,108Net Income 2014: -$17,8052014Revenue 2015: $535,504Expenses 2015: $494,137Net Income 2015: $41,3672015Revenue 2016: $611,299Expenses 2016: $605,667Net Income 2016: $5,6322016Revenue 2017: $577,642Expenses 2017: $574,733Net Income 2017: $2,9092017Revenue 2018: $485,758Expenses 2018: $439,230Net Income 2018: $46,5282018Revenue 2019: $487,475Expenses 2019: $464,826Net Income 2019: $22,6492019Revenue 2020: $615,222Expenses 2020: $526,593Net Income 2020: $88,6292020Revenue 2021: $738,239Expenses 2021: $614,542Net Income 2021: $123,6972021Revenue 2022: $655,925Expenses 2022: $615,852Net Income 2022: $40,0732022Revenue 2023: $564,540Expenses 2023: $583,393Net Income 2023: -$18,8532023Revenue 2024: $612,781Expenses 2024: $620,717Net Income 2024: -$7,9362024

Highlighted filing

2024

Revenue$612,781
Expenses$620,717
Net Income-$7,936

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.10$1.34$2.76$6.13$6.21$0.08
2023Detailed filing. Detailed filing data is available for this year.$2.50$0.49$2.01$5.65$5.83$0.19
2022Detailed filing. Detailed filing data is available for this year.$4.45$1.85$2.60$6.56$6.16$0.40
2021Detailed filing. Detailed filing data is available for this year.$2.75$0.56$2.19$7.38$6.15$1.24
2020Detailed filing. Detailed filing data is available for this year.$1.84$0.88$0.96$6.15$5.27$0.89
2019Detailed filing. Detailed filing data is available for this year.$1.01$0.94$0.07$4.87$4.65$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.08$1.23$0.15$4.86$4.39$0.47
2017Summary only. Only limited summary data is available for this year.$1.52$2.14$0.62$5.78$5.75$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.04$1.69$0.65$6.11$6.06$0.06
2015Detailed filing. Detailed filing data is available for this year.$2.20$1.56$0.64$5.36$4.94$0.41
2014Detailed filing. Detailed filing data is available for this year.$0.55$0.32$0.22$4.15$4.33$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.64$0.40$5.12
2012Summary only. Only limited summary data is available for this year.$1.64$0.88$0.76$4.44$4.57$0.13
2011Summary only. Only limited summary data is available for this year.$1.95$1.06$0.90$5.52$5.38$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$612,781
Mission and Program Overview

Mission

To create, retain, & invest wealth for the creation of quality job opportunities for the residents of sevier co. Through the investment of wealth, maintain & improve the quality of life for the people of sevier co.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$201,121$275,907▲ $74,786
Cash and Non-Interest-Bearing Accounts$49,954$53,167▲ $3,213
Land, Buildings, and Equipment, Net$3,880$37,499▲ $33,619
Savings and Temporary Cash Investments$32,237$32,237→ $0
Accounts Receivable-$7,591-
Total Assets$250,011$410,107▲ $160,096
Other Assets Total$163,940$279,613▲ $115,673
Liabilities
Other Liabilities$5,929$106,575▲ $100,646
Accounts Payable and Accrued Expenses$42,961$27,625▼ $15,336
Total Liabilities$48,890$134,200▲ $85,310
Net Assets / Fund Balance
Total Net Assets Fund Balance$201,121$275,907▲ $74,786
Total Liabilities and Net Assets / Fund Balance$250,011$410,107▲ $160,096

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$33,790$76,716$110,506
Equipment-$35,984$35,984
Leasehold Improvements$3,709$2,941$6,650
Other Assets Org$104,565--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth Allen NewtonExecutive DiFT$122,847$19,434$142,281

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$463,350
Program Service Revenue
$149,287
Investment Income
$144
Other Revenue
$0
All Other Contributions
$81,150
Change in Net Assets
$-7,936

Audited Revenue Reconciliation

Revenue per Audited Statements
$612,781
Total Revenue per Audited Statements
$612,781
Total Revenue per Form 990
$612,781
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$502,949
Other Expenses$117,768
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$271,162
Current Officers, Directors, Trustees, and Key Employees---$151,415
Other Employee Benefits---$45,560
Payroll Taxes---$33,183
Travel---$30,089
Fees for Services Accounting---$22,360
Fees for Services Other---$12,240
Depreciation Depletion---$10,814
Advertising---$8,870
Occupancy---$7,847
Office Expenses---$3,450
All Other Expenses---$3,029
Other Expenses---$2,516
Pension Plan Contributions---$1,629
Interest---$139
Insurance---$16
Total Functional Expenses$0$0$0$620,717

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$620,717
Total Expenses per Audited Statements$620,717
Total Expenses per Form 990$620,717
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
Deferred Inflows of Resources$106,575
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The executive director reviews the 990 before submission.

Form 990, Page 6, Part VI, Line 19

All documents are available upon request after complying with request procedures.

Filing and Contact Details

Filer

Filer Name
Sevier County Economic Development
EIN
62-1304987
Phone
8654282212
Address
321 COURT AVENUE, SEVIERVILLE, TN 37862

Signing Officer

Name
Kenneth Allen Newton
Title
Executive Director
Phone
8654282212
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Allen Newton
Formed
1986
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
6

Preparer

Firm
Brown Jake & Mcdaniel Pc
Address
2607 KINGSTON PIKE SUITE 110, KNOXVILLE, TN 37919-3336
Preparer
Frank D Mcdaniel CPA
Phone
8656378600
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Prior period adjustment 82,722

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IRS990/OtherExpensesGrp/Desc1TELEPHONE
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IRS990/OtherExpensesGrp/Desc3REGISTRATION FEES
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IRS990/OtherExpensesGrp/TotalAmt14211
IRS990/OtherExpensesGrp/TotalAmt24198
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IRS990/PayrollTaxesGrp/TotalAmt033183
IRS990/PensionPlanContributionsGrp/TotalAmt01629
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IRS990/PrincipalOfficerNm0KENNETH ALLEN NEWTON
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IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1BUSINESS RECRUITMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2TUITION FEES
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL PROJECTS
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IRS990/PYContributionsGrantsAmt0389274
IRS990/PYInvestmentIncomeAmt097
IRS990/PYOtherExpensesAmt0108176
IRS990/PYOtherRevenueAmt033772
IRS990/PYProgramServiceRevenueAmt0141397
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IRS990/PYSalariesCompEmpBnftPaidAmt0475217
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IRS990/PYTotalRevenueAmt0564540
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR REVIEWS THE 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AFTER COMPLYING WITH REQUEST PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENT 82,722
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART XI, LINE 9
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IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0321 COURT AVENUE
IRS990/USAddress/CityNm0SEVIERVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037862
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0WWW.SCEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH ALLEN NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08654282212
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SEVIER COUNTY ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0SEVI
ReturnHeader/Filer/EIN0621304987
ReturnHeader/Filer/PhoneNum08654282212
ReturnHeader/Filer/USAddress/AddressLine1Txt0321 COURT AVENUE
ReturnHeader/Filer/USAddress/CityNm0SEVIERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false

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