Civic Intelligence

Sevier County Economic Development Council

990 • Fiscal year 2020 • EIN 62-1304987

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

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

88th percentile

0.50x

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

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

58th percentile

0.14x

Higher debt load relative to revenue than 58% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Net Margin

68th percentile

13%

Higher net margin than 68% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

94th percentile

68%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

91st percentile

24%

Faster revenue growth than 91% of similar nonprofits.

2020 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$169,894

Up $68,750 (+68%) from 2019

Net Assets

Up

$84,098

Up $76,933 (+1074%) from 2019

Liabilities

Down

$85,796

Down $8,183 (-8.7%) from 2019

Revenue

Up

$605,172

Up $117,697 (+24%) from 2019

Expenses

Up

$528,239

Up $63,413 (+14%) from 2019

Net Income

Up

$76,933

Up $54,284 (+240%) from 2019

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: $169,894Liabilities 2020: $85,796Net Assets 2020: $84,0982020Assets 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

2020

Assets$169,894
Liabilities$85,796
Net Assets$84,098

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: $605,172Expenses 2020: $528,239Net Income 2020: $76,9332020Revenue 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

2020

Revenue$605,172
Expenses$528,239
Net Income$76,933
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.0
Gross Receipts
$605,172
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$2,808$84,098▲ $81,290
Cash and Non-Interest-Bearing Accounts$15,840$61,032▲ $45,192
Accounts Receivable$8,684$6,689▼ $1,995
Land, Buildings, and Equipment, Net$7,724$4,392▼ $3,332
Pd in Cap Srpls Land Bldg Eqp Fund$4,357--
Savings and Temporary Cash Investments$2,052$2,052→ $0
Total Assets$101,144$169,894▲ $68,750
Other Assets Total$66,844$95,729▲ $28,885
Liabilities
Accounts Payable and Accrued Expenses$50,507$43,434▼ $7,073
Other Liabilities$40,105$42,362▲ $2,257
Mortgage Notes Payable Secured by Investment Property$3,367--
Total Liabilities$93,979$85,796▼ $8,183
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,165$84,098▲ $76,933
Total Liabilities and Net Assets / Fund Balance$101,144$169,894▲ $68,750

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$57,187$57,187
Equipment$1$35,983$35,984
Leasehold Improvements$4,391$2,259$6,650
Other Assets Org$95,729--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth Allen NewtonExecutive DiFT$94,078$30,266$124,344

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$440,926
Program Service Revenue
$164,082
Investment Income
$150
Other Revenue
$14
All Other Contributions
$67,650
Change in Net Assets
$76,933

Audited Revenue Reconciliation

Revenue per Audited Statements
$605,172
Total Revenue per Audited Statements
$605,172
Total Revenue per Form 990
$605,172
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$387,532
Other Expenses$140,707
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$190,848
Current Officers, Directors, Trustees, and Key Employees---$126,050
Other Employee Benefits---$35,520
Advertising---$33,894
Fees for Services Other---$30,038
Travel---$29,171
Payroll Taxes---$21,531
Pension Plan Contributions---$13,583
Fees for Services Accounting---$9,449
Occupancy---$8,403
Office Expenses---$7,667
Insurance---$4,928
Depreciation Depletion---$3,333
Other Expenses---$750
Interest---$179
Total Functional Expenses$0$0$0$528,239

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$528,239
Total Expenses per Audited Statements$528,239
Total Expenses per Form 990$528,239
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$34,197
Net Pension Liability$8,165
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, 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
2021-05-17
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
9

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/ProgramServiceRevenueGrp/Desc1SHIP MEMBERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc2RIDA
IRS990/ProgramServiceRevenueGrp/Desc3SHIP TUITION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0123429
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt122000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217953
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3700
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0123429
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt122000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217953
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3700
IRS990/ProgSrvcAccomActy2Grp/Desc0ORGANIZE AND ADMINISTRATE THE SOUTHERN HOSPITALITY INTERNSHIP PROGRAM (SHIP) TO ASSIST HIGH SCHOOL STUDENTS, COLLEGE STUDENTS AND RECENT GRADUATES OF BOTH, GAIN REAL LIFE WORK EXPERIENCE IN THE HOSPITALITY INDUSTRY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt063374
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt022700
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0344950
IRS990/PYInvestmentIncomeAmt0153
IRS990/PYOtherExpensesAmt0107596
IRS990/PYOtherRevenueAmt0270
IRS990/PYProgramServiceRevenueAmt0142102
IRS990/PYRevenuesLessExpensesAmt022649
IRS990/PYSalariesCompEmpBnftPaidAmt0357230
IRS990/PYTotalExpensesAmt0464826
IRS990/PYTotalRevenueAmt0487475
IRS990/ReconcilationRevenueExpnssAmt076933
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0141382
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02808
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt084098
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02052
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02052
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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/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt01
IRS990ScheduleD/EquipmentGrp/DepreciationAmt035983
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt035984
IRS990ScheduleD/ExpensesSubtotalAmt0528239
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04391
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02259
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095729
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt057187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt034197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18165
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueSubtotalAmt0605172
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04392
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095729
IRS990ScheduleD/TotalExpensesPerForm990Amt0528239
IRS990ScheduleD/TotalLiabilityAmt042362
IRS990ScheduleD/TotalRevenuePerForm990Amt0605172
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0605172
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0528239
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0101144
IRS990/TotalAssetsEOYAmt0169894
IRS990/TotalAssetsGrp/BOYAmt0101144
IRS990/TotalAssetsGrp/EOYAmt0169894
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0440926
IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0528239
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt093979
IRS990/TotalLiabilitiesEOYAmt085796
IRS990/TotalLiabilitiesGrp/BOYAmt093979
IRS990/TotalLiabilitiesGrp/EOYAmt085796
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07165
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt084098
IRS990/TotalOtherCompensationAmt030266
IRS990/TotalProgramServiceExpensesAmt0528239
IRS990/TotalProgramServiceRevenueAmt0164082
IRS990/TotalReportableCompFromOrgAmt094078
IRS990/TotalRevenueGrp/ExclusionAmt0164
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0164082
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0605172
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0101144
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0169894
IRS990/TravelGrp/TotalAmt029171
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/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KENNETH ALLEN NEWTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08654282212
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
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/PreparerFirmGrp/PreparerFirmEIN0621170651
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BROWN JAKE & MCDANIEL PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02607 KINGSTON PIKE SUITE 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KNOXVILLE

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
2020Detailed filing. Detailed filing data is available for this year.$1.70$0.86$0.84$6.05$5.28$0.77
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