Civic Intelligence

Sevier County Economic Development Council

990 • Fiscal year 2019 • EIN 62-1304987

Jul 01, 2018 to Jun 30, 2019 • Filed on May 15, 2020

Organization ProfileWWW.SCEDC.COM
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

96th percentile

0.93x

Higher debt load relative to assets than 96% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

0.19x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Net Margin

55th percentile

4.6%

Higher net margin than 55% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Top Officer Pay

98th percentile

$120,976

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 24.8% of source-year revenue.

2019 filings • 501(c)6 • <$500k nonprofits • Source year 2019

Asset Growth

32nd percentile

-6.2%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

49th percentile

0.4%

Faster revenue growth than 49% of similar nonprofits.

2019 filings • 501(c)6 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$101,144

Down $6,701 (-6.2%) from 2018

Net Assets

Up

$7,165

Up $22,649 (+146%) from 2018

Liabilities

Down

$93,979

Down $29,350 (-24%) from 2018

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin55th percentile

Revenue

Up

$487,475

Up $1,717 (+0.4%) from 2018

Expenses

Up

$464,826

Up $25,596 (+5.8%) from 2018

Net Income

Down

$22,649

Down $23,879 (-51%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

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

2019

Assets$101,144
Liabilities$93,979
Net Assets$7,165
Open 2019 Filing

Operations Trend

Revenue Growth49th percentile

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

2019

Revenue$487,475
Expenses$464,826
Net Income$22,649
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 15, 2020
Return Version
2018v3.2
Gross Receipts
$487,475
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
Cash and Non-Interest-Bearing Accounts$11,715$15,840▲ $4,125
Accounts Receivable$15,151$8,684▼ $6,467
Land, Buildings, and Equipment, Net$16,042$7,724▼ $8,318
Pd in Cap Srpls Land Bldg Eqp Fund$6,992$4,357▼ $2,635
Rtn Earn Endowment Incm Other Fnds$-22,476$2,808▲ $25,284
Savings and Temporary Cash Investments$2,032$2,052▲ $20
Total Assets$107,845$101,144▼ $6,701
Other Assets Total$62,905$66,844▲ $3,939
Liabilities
Accounts Payable and Accrued Expenses$40,810$50,507▲ $9,697
Other Liabilities$73,469$40,105▼ $33,364
Mortgage Notes Payable Secured by Investment Property$9,050$3,367▼ $5,683
Total Liabilities$123,329$93,979▼ $29,350
Net Assets / Fund Balance
Total Net Assets Fund Balance$-15,484$7,165▲ $22,649
Total Liabilities and Net Assets / Fund Balance$107,845$101,144▼ $6,701

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,080$54,107$57,187
Equipment$83$35,901$35,984
Leasehold Improvements$4,561$2,089$6,650
Other Assets Org$6,490--
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth Allen NewtonExecutive DiFT$91,154$29,822$120,976

Board Members and Trustees

NameTitle
Rick HarrellChairman
Larry WatersVice-chairma
Allen RobbinsMember
Brenda MccroskeyMember
Bud OgleMember
Chad ReaganMember
David MatlockMember
David VerbleMember
Jack FunderburkMember
Patricia BibleMember
Russell TreadwayMember
Tony WattsMember
Matt BallardSecretary
Bobby CastleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$344,950
Program Service Revenue
$142,102
Investment Income
$153
Other Revenue
$270
All Other Contributions
$62,650
Change in Net Assets
$22,649

Audited Revenue Reconciliation

Revenue per Audited Statements
$487,475
Total Revenue per Audited Statements
$487,475
Total Revenue per Form 990
$487,475
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$357,230
Other Expenses$107,596
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$178,282
Current Officers, Directors, Trustees, and Key Employees---$121,505
Travel---$40,965
Other Employee Benefits---$31,240
Payroll Taxes---$20,334
Fees for Services Accounting---$17,708
Advertising---$12,482
Office Expenses---$8,796
Depreciation Depletion---$8,319
Occupancy---$7,943
Pension Plan Contributions---$5,869
Interest---$938
Other Expenses---$936
All Other Expenses---$307
Insurance---$224
Total Functional Expenses$0$0$0$464,826

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$464,826
Total Expenses per Audited Statements$464,826
Total Expenses per Form 990$464,826
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$40,105
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
2020-05-15
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
8

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

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IRS990/PayrollTaxesGrp/TotalAmt020334
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt06992
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt04357
IRS990/PensionPlanContributionsGrp/TotalAmt05869
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KENNETH ALLEN NEWTON
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1RIDA
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0118153
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt123949
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0118153
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt123949
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0351874
IRS990/PYInvestmentIncomeAmt090
IRS990/PYOtherExpensesAmt095379
IRS990/PYOtherRevenueAmt014
IRS990/PYProgramServiceRevenueAmt0133780
IRS990/PYRevenuesLessExpensesAmt046528
IRS990/PYSalariesCompEmpBnftPaidAmt0343851
IRS990/PYTotalExpensesAmt0439230
IRS990/PYTotalRevenueAmt0485758
IRS990/ReconcilationRevenueExpnssAmt022649
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-22476
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02808
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02032
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02052
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt083
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035901
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035984
IRS990ScheduleD/ExpensesSubtotalAmt0464826
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04561
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02089
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt060354
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt16490
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03080
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt054107
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt040105
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueSubtotalAmt0487475
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07724
IRS990ScheduleD/TotalBookValueOtherAssetsAmt066844
IRS990ScheduleD/TotalExpensesPerForm990Amt0464826
IRS990ScheduleD/TotalLiabilityAmt040105
IRS990ScheduleD/TotalRevenuePerForm990Amt0487475
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0487475
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0464826
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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0107845
IRS990/TotalAssetsEOYAmt0101144
IRS990/TotalAssetsGrp/BOYAmt0107845
IRS990/TotalAssetsGrp/EOYAmt0101144
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0344950
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0464826
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0123329
IRS990/TotalLiabilitiesEOYAmt093979
IRS990/TotalLiabilitiesGrp/BOYAmt0123329
IRS990/TotalLiabilitiesGrp/EOYAmt093979
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-15484
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07165
IRS990/TotalOtherCompensationAmt029822
IRS990/TotalProgramServiceExpensesAmt0464825
IRS990/TotalProgramServiceRevenueAmt0142102
IRS990/TotalReportableCompFromOrgAmt091154
IRS990/TotalRevenueGrp/ExclusionAmt0423
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0142102
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0487475
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0107845
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0101144
IRS990/TravelGrp/TotalAmt040965
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH ALLEN NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08654282212
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-15
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
ReturnHeader/Filer/USAddress/ZIPCd037862
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId07F66406AE75E1014805EB04881AB44BAB1E338AA
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId099BC9DED73FF7856A86B4194F495ADA4CD6D5630
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.190.12.28
ReturnHeader/FilingSecurityInformation/IPDt02020-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:43:13
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621170651
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN JAKE & MCDANIEL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02607 KINGSTON PIKE SUITE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KNOXVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0379193336
ReturnHeader/PreparerPersonGrp/PhoneNum08656378600
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK D MCDANIEL CPA
ReturnHeader/ReturnTs02020-05-15T11:43:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$101,144
Liabilities
$93,979
Net assets
$7,165
Revenue
$487,475
Expenses
$464,826
Net income
$22,649
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