Civic Intelligence

Sevier County Economic Development Council

990 • Fiscal year 2021 • EIN 62-1304987

Jul 01, 2020 to Jun 30, 2021 • Filed on May 16, 2022

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

68th percentile

0.20x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

49th percentile

0.08x

Higher debt load relative to revenue than 49% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Net Margin

64th percentile

17%

Higher net margin than 64% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

83rd percentile

$134,099

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 18.2% of source-year revenue.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2021

Asset Growth

88th percentile

50%

Faster asset growth than 88% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

66th percentile

20%

Faster revenue growth than 66% of similar nonprofits.

2021 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$275,051

Up $91,322 (+50%) from 2020

Net Assets

Up

$219,491

Up $123,697 (+129%) from 2020

Liabilities

Down

$55,560

Down $32,375 (-37%) from 2020

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin64th percentile

Revenue

Up

$738,239

Up $123,017 (+20%) from 2020

Expenses

Up

$614,542

Up $87,949 (+17%) from 2020

Net Income

Up

$123,697

Up $35,068 (+40%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth88th 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

2021

Assets$275,051
Liabilities$55,560
Net Assets$219,491
Open 2021 Filing

Operations Trend

Revenue Growth66th 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

2021

Revenue$738,239
Expenses$614,542
Net Income$123,697
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 16, 2022
Return Version
2020v4.0
Gross Receipts
$738,239
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$95,794$219,491▲ $123,697
Cash and Non-Interest-Bearing Accounts$61,032$119,392▲ $58,360
Accounts Receivable$20,525$42,137▲ $21,612
Land, Buildings, and Equipment, Net$4,391$4,220▼ $171
Savings and Temporary Cash Investments$2,052$2,089▲ $37
Total Assets$183,729$275,051▲ $91,322
Other Assets Total$95,729$107,213▲ $11,484
Liabilities
Accounts Payable and Accrued Expenses$45,573$31,403▼ $14,170
Other Liabilities$42,362$24,157▼ $18,205
Total Liabilities$87,935$55,560▼ $32,375
Net Assets / Fund Balance
Total Net Assets Fund Balance$95,794$219,491▲ $123,697
Total Liabilities and Net Assets / Fund Balance$183,729$275,051▲ $91,322

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$57,187$57,187
Equipment-$35,984$35,984
Leasehold Improvements$4,220$2,430$6,650
Other Assets Org$18,689--
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kenneth Allen NewtonExecutive DiFT$103,127$30,972$134,099

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$544,043
Program Service Revenue
$194,040
Investment Income
$156
Other Revenue
$0
All Other Contributions
$73,150
Change in Net Assets
$123,697

Audited Revenue Reconciliation

Revenue per Audited Statements
$738,239
Total Revenue per Audited Statements
$738,239
Total Revenue per Form 990
$738,239
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$407,452
Other Expenses$207,090
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$207,222
Current Officers, Directors, Trustees, and Key Employees---$139,842
Advertising---$56,171
Fees for Services Other---$48,000
Other Employee Benefits---$37,320
Fees for Services Accounting---$29,611
Payroll Taxes---$21,681
Travel---$16,713
Occupancy---$9,505
Office Expenses---$9,455
Insurance---$5,314
Other Expenses---$1,655
Pension Plan Contributions---$1,387
All Other Expenses---$375
Interest---$231
Depreciation Depletion---$171
Total Functional Expenses$0$0$0$614,542

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$614,542
Total Expenses per Audited Statements$614,542
Total Expenses per Form 990$614,542
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$24,157
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
2022-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth Allen Newton
Formed
1986
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
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/RelatedOrExemptFuncIncomeAmt221550
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt314291
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt44800
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124585
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221550
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt314291
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt44800
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/ExpenseAmt0104073
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt046135
IRS990/ProgSrvcAccomActy3Grp/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/ProgSrvcAccomActy3Grp/ExpenseAmt01654
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt04800
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IRS990/PYContributionsGrantsAmt0453326
IRS990/PYInvestmentIncomeAmt0150
IRS990/PYOtherExpensesAmt0139061
IRS990/PYOtherRevenueAmt014
IRS990/PYProgramServiceRevenueAmt0161732
IRS990/PYRevenuesLessExpensesAmt088629
IRS990/PYSalariesCompEmpBnftPaidAmt0387532
IRS990/PYTotalExpensesAmt0526593
IRS990/PYTotalRevenueAmt0615222
IRS990/ReconcilationRevenueExpnssAmt0123697
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IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02430
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt06650
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt088524
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt118689
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS OF RESOURCES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt057187
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt057187
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt024157
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS OF RESOURCES
IRS990ScheduleD/RevenueSubtotalAmt0738239
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04220
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0107213
IRS990ScheduleD/TotalExpensesPerForm990Amt0614542
IRS990ScheduleD/TotalLiabilityAmt024157
IRS990ScheduleD/TotalRevenuePerForm990Amt0738239
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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/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TotalEmployeeCnt09
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
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IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087935
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IRS990/TotalProgramServiceExpensesAmt0614542
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IRS990/TravelGrp/TotalAmt016713
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IRS990/UponRequestInd0X
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IRS990/USAddress/ZIPCd037862
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
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/SignatureDt02022-05-16
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
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0379193336
ReturnHeader/PreparerPersonGrp/PhoneNum08656378600
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0FRANK D MCDANIEL CPA
ReturnHeader/ReturnTs02022-05-16T09:19:27-05:00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$275,051
Liabilities
$55,560
Net assets
$219,491
Revenue
$738,239
Expenses
$614,542
Net income
$123,697
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