Civic Intelligence

Sevier County Economic Development Council

990 • Fiscal year 2018 • EIN 62-1304987

Jul 01, 2017 to Jun 30, 2018 • Filed on May 13, 2018

321 Court AvenueSevierville, TN 37862

(865) 428-2212

Siviq Scores

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

Liabilities / Assets

97th percentile

1.14x

Higher debt load relative to assets than 97% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

88th percentile

0.25x

Higher debt load relative to revenue than 88% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

67th percentile

9.6%

Higher net margin than 67% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

98th percentile

$124,771

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.7% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

11th percentile

-29%

Faster asset growth than 11% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

21st percentile

-16%

Faster revenue growth than 21% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Down

$107,845

Down $44,225 (-29%) from 2017

Net Assets

Up

-$15,484

Up $46,528 (+75%) from 2017

Liabilities

Down

$123,329

Down $90,753 (-42%) from 2017

Revenue

Down

$485,758

Down $91,884 (-16%) from 2017

Expenses

Down

$439,230

Down $135,503 (-24%) from 2017

Net Income

Up

$46,528

Up $43,619 (+1499%) from 2017

Historical Trend

Balance Sheet Trend

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

$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

2018

Assets$107,845
Liabilities$123,329
Net Assets-$15,484

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2018

Revenue$485,758
Expenses$439,230
Net Income$46,528
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 13, 2018
Return Version
2017v2.3
Gross Receipts
$485,758
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
Land, Buildings, and Equipment, Net$24,734$16,042▼ $8,692
Accounts Receivable$14,823$15,151▲ $328
Cash and Non-Interest-Bearing Accounts$42,792$11,715▼ $31,077
Pd in Cap Srpls Land Bldg Eqp Fund$10,116$6,992▼ $3,124
Savings and Temporary Cash Investments$2,021$2,032▲ $11
Rtn Earn Endowment Incm Other Fnds$-72,128$-22,476▲ $49,652
Total Assets$152,070$107,845▼ $44,225
Other Assets Total$67,700$62,905▼ $4,795
Liabilities
Other Liabilities$108,342$73,469▼ $34,873
Accounts Payable and Accrued Expenses$91,121$40,810▼ $50,311
Mortgage Notes Payable Secured by Investment Property$14,619$9,050▼ $5,569
Total Liabilities$214,082$123,329▼ $90,753
Net Assets / Fund Balance
Total Net Assets Fund Balance$-62,012$-15,484▲ $46,528
Total Liabilities and Net Assets / Fund Balance$152,070$107,845▼ $44,225

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$10,593$46,594$57,187
Equipment$717$35,266$35,983
Leasehold Improvements$4,732$1,918$6,650
Other Assets Org$62,905--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth Allen NewtonExecutive DiFT$95,473$29,298$124,771

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$351,874
Program Service Revenue
$133,780
Investment Income
$90
Other Revenue
$14
All Other Contributions
$69,650
Change in Net Assets
$46,528

Audited Revenue Reconciliation

Revenue per Audited Statements
$485,758
Total Revenue per Audited Statements
$485,758
Total Revenue per Form 990
$485,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$343,851
Other Expenses$95,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$153,042
Current Officers, Directors, Trustees, and Key Employees---$131,875
Other Employee Benefits---$30,420
Payroll Taxes---$19,748
Fees for Services Accounting---$16,860
Travel---$16,239
Occupancy---$9,094
Pension Plan Contributions---$8,766
Depreciation Depletion---$8,692
Office Expenses---$6,334
Insurance---$6,121
Advertising---$5,554
Other Expenses---$925
Interest---$686
All Other Expenses---$449
Total Functional Expenses$0$0$0$439,230

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$439,230
Total Expenses per Audited Statements$439,230
Total Expenses per Form 990$439,230
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$43,454
Net Pension Liability$30,015
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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, executive committee of the board of directors, and bookkeeper review 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
2018-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Allen Newton
Formed
1986
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
7

Preparer

Firm
Brown Jake & Mcdaniel Pc
Address
2607 KINGSTON PIKE SUITE 110, KNOXVILLE, TN 37919-3336
Preparer
Frank D Mcdaniel CPA
Phone
8656378600
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IRS990/OtherExpensesGrp/TotalAmt010686
IRS990/OtherExpensesGrp/TotalAmt110659
IRS990/OtherExpensesGrp/TotalAmt23080
IRS990/OtherExpensesGrp/TotalAmt3925
IRS990/OtherLiabilitiesGrp/BOYAmt0108342
IRS990/OtherLiabilitiesGrp/EOYAmt073469
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt014
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014
IRS990/OtherRevenueTotalAmt014
IRS990/OtherSalariesAndWagesGrp/TotalAmt0153042
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt019748
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt010116
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt06992
IRS990/PensionPlanContributionsGrp/TotalAmt08766
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENNETH ALLEN NEWTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1JOB FAIR
IRS990/ProgramServiceRevenueGrp/Desc2RIDA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0114686
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114510
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt24584
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0114686
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114510
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt24584
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ANNUAL SEVIER COUNTY JOB FAIR IS HELD TO HELP SEVIER COUNTY COMPANIES FIND AND HIRE QUALIFIED EMPLOYEES. THE EVENT ALSO FEATURES SOME SELF-HELP SEMINARS FOR JOB SEEKERS SUCH AS HOW TO DRESS FOR SUCCESS AND HOW TO IMPROVE THEIR RESUME.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt010659
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0428450
IRS990/PYGrantsAndSimilarPaidAmt060000
IRS990/PYInvestmentIncomeAmt0115
IRS990/PYOtherExpensesAmt0163223
IRS990/PYOtherRevenueAmt018045
IRS990/PYProgramServiceRevenueAmt0131032
IRS990/PYRevenuesLessExpensesAmt02909
IRS990/PYSalariesCompEmpBnftPaidAmt0351510
IRS990/PYTotalExpensesAmt0574733
IRS990/PYTotalRevenueAmt0577642
IRS990/ReconcilationRevenueExpnssAmt046528
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-72128
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-22476
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02021
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02032
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt0717
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035266
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035983
IRS990ScheduleD/ExpensesSubtotalAmt0439230
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04732
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01918
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt062905
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt010593
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt046594
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt043454
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt130015
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0485758
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016042
IRS990ScheduleD/TotalBookValueOtherAssetsAmt062905
IRS990ScheduleD/TotalExpensesPerForm990Amt0439230
IRS990ScheduleD/TotalLiabilityAmt073469
IRS990ScheduleD/TotalRevenuePerForm990Amt0485758
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0485758
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0439230
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR, EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, AND BOOKKEEPER REVIEW THE 990 BEFORE SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AFTER COMPLYING WITH REQUEST PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0152070
IRS990/TotalAssetsEOYAmt0107845
IRS990/TotalAssetsGrp/BOYAmt0152070
IRS990/TotalAssetsGrp/EOYAmt0107845
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0351874
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0439230
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0214082
IRS990/TotalLiabilitiesEOYAmt0123329
IRS990/TotalLiabilitiesGrp/BOYAmt0214082
IRS990/TotalLiabilitiesGrp/EOYAmt0123329
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-62012
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-15484
IRS990/TotalOtherCompensationAmt029298
IRS990/TotalProgramServiceExpensesAmt0439230
IRS990/TotalProgramServiceRevenueAmt0133780
IRS990/TotalReportableCompFromOrgAmt095473
IRS990/TotalRevenueGrp/ExclusionAmt0104
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0133780
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0485758
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0152070
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0107845
IRS990/TravelGrp/TotalAmt016239
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0321 COURT AVENUE
IRS990/USAddress/CityNm0SEVIERVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037862
IRS990/VotingMembersGoverningBodyCnt014
IRS990/VotingMembersIndependentCnt014
IRS990/WebsiteAddressTxt0WWW.SCEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH ALLEN NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08654282212
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-13
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
ReturnHeader/Filer/USAddress/ZIPCd037862
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04CB401C10998F56F8E97802D4C2560091EB15EFF

Document Assets

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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