Civic Intelligence

First Tennessee Development District Foundation

990 • Fiscal year 2021 • EIN 82-4338374

Jul 01, 2020 to Jun 30, 2021 • Filed on Jan 24, 2022

Organization ProfileWWW.FTDD.ORG
3211 North Roan StreetJohnson City, TN 37601

(423) 928-0224

Siviq Scores

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

Liabilities / Assets

71st percentile

0.17x

Higher debt load relative to assets than 71% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

69th percentile

0.14x

Higher debt load relative to revenue than 69% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

93rd percentile

70%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Asset Growth

100th percentile

4576%

Faster asset growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

100th percentile

13815%

Faster revenue growth than 100% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$469,498

Up $459,458 (+4576%) from 2020

Net Assets

$391,024

No earlier filing loaded for comparison.

Liabilities

Up

$78,474

Up $78,474 from 2020

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin93rd percentile

Revenue

Up

$542,700

Up $538,800 (+13815%) from 2020

Expenses

Up

$161,716

Up $157,596 (+3825%) from 2020

Net Income

Up

$380,984

Up $381,204 (+173275%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$3.0M$2.0M$1.0M$0Assets 2019: $10,260Liabilities 2019: $02019Assets 2020: $10,040Liabilities 2020: $02020Assets 2021: $469,498Liabilities 2021: $78,474Net Assets 2021: $391,0242021Assets 2022: $258,281Liabilities 2022: $24,970Net Assets 2022: $233,3112022Assets 2023: $292,720Liabilities 2023: $154,055Net Assets 2023: $138,6652023Assets 2024: $846,365Liabilities 2024: $786,526Net Assets 2024: $59,8392024Assets 2025: $2,903,035Liabilities 2025: $1,745,041Net Assets 2025: $1,157,9942025

Highlighted filing

2021

Assets$469,498
Liabilities$78,474
Net Assets$391,024
Open 2021 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $25,067Expenses 2019: $14,807Net Income 2019: $10,2602019Revenue 2020: $3,900Expenses 2020: $4,120Net Income 2020: -$2202020Revenue 2021: $542,700Expenses 2021: $161,716Net Income 2021: $380,9842021Revenue 2022: $413,348Expenses 2022: $571,061Net Income 2022: -$157,7132022Revenue 2023: $363,131Expenses 2023: $457,777Net Income 2023: -$94,6462023Revenue 2024: $3,788,450Expenses 2024: $3,867,276Net Income 2024: -$78,8262024Revenue 2025: $10,158,991Expenses 2025: $9,060,836Net Income 2025: $1,098,1552025

Highlighted filing

2021

Revenue$542,700
Expenses$161,716
Net Income$380,984
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jan 24, 2022
Return Version
2020v4.1
Gross Receipts
$542,700
Mission and Program Overview

Mission

To administer programs that address crucial social issues in northeast tennessee, including food insecurity and substandard housing in older low-income adults, workforce development for high school students, and childhood literacy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$10,040$469,498▲ $459,458
Total Assets$10,040$469,498▲ $459,458
Liabilities
Accounts Payable and Accrued Expenses-$78,474-
Total Liabilities$0$78,474▲ $78,474
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,040$391,024▲ $380,984
Total Net Assets Fund Balance$10,040$391,024▲ $380,984
Total Liabilities and Net Assets / Fund Balance$10,040$469,498▲ $459,458
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Wt DanielsChairmain
Joe GrandyVice Chair
Curt AlexanderBoard Member
David HawkBoard Member
Dean RheaBoard Member
Garland EvelyBoard Member
Glenn WhiteBoard Member
Jerry JordanBoard Member
Jim LeeBoard Member
Jim SellsBoard Member
Joe WiseBoard Member
Kevin MorrisonBoard Member
Mahlon LuttrellBoard Member
Mike TaylorBoard Member
Patrick ShullBoard Member
Patty WoodbyBoard Member
Richard VenableBoard Member
Rusty CroweBoard Member
Thomas HarrisonBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$542,700
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,000
Change in Net Assets
$380,984
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,716
Grants and Similar Amounts Paid$1,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$73,632--$73,632
Fees for Services Other$63,462--$63,462
Information Technology$16,000--$16,000
Grants to Domestic Orgs$1,000--$1,000
Other Expenses$19--$19
Total Functional Expenses$161,716$0$0$161,716
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A complete copy of the organization's 990 (including all required schedules) is provided to the governing body before its filing with the irs.”

Form 990, Part VI, Section C, Line 19

“All of our documents, policies, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
First Tennessee Development District
EIN
82-4338374
Phone
4239280224
Address
3211 NORTH ROAN STREET, JOHNSON CITY, TN 37601

Signing Officer

Name
Joe Grandy
Title
Vice Chair
Phone
4239280224
Signed
2022-01-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Grandy
Formed
2018
Legal Domicile
Tn
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
0

Preparer

Firm
Blackburn Childers & Steagall Plc
Address
801B SUNSET DRIVE, JOHNSON CITY, TN 37604-3033
Preparer
Kevin Peters
Phone
4232824511
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted services: program service expenses 63,462. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,462.”

Financial Statement Notes

PART X, LINE 2:

“Note 9 - contingencies and uncertainties while the district follows gasb for financial statement preparation, the corporation follows fasb asc guidance on accounting for uncertainty in income taxes recognized in an organization's financial statements. As of june 30, 2021, the corporation had no uncertain tax positions that qualify for either recognition or disclosure in the district's or the corporation's financial statements. The corporation's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense in the financial statements. No interest or penalties were recorded during the year ended june 30, 2021.”

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IRS990/ReconcilationRevenueExpnssAmt0380984
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0542700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0571667
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0571667
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0542700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025067
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0571667
IRS990ScheduleA/TotalSupportAmt0571667
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NOTE 9 - CONTINGENCIES AND UNCERTAINTIES WHILE THE DISTRICT FOLLOWS GASB FOR FINANCIAL STATEMENT PREPARATION, THE CORPORATION FOLLOWS FASB ASC GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. AS OF JUNE 30, 2021, THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE DISTRICT'S OR THE CORPORATION'S FINANCIAL STATEMENTS. THE CORPORATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST OR PENALTIES WERE RECORDED DURING THE YEAR ENDED JUNE 30, 2021.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COMPLETE COPY OF THE ORGANIZATION'S 990 (INCLUDING ALL REQUIRED SCHEDULES) IS PROVIDED TO THE GOVERNING BODY BEFORE ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL OF OUR DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 63,462. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 63,462.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FIRST TENNESSEE DEVELOPMENT DISTRICT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620759446
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOVERNMENTAL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PLANNING FOR LOCAL GOVERNMENTS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03211 NORTH ROAN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JOHNSON CITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037601
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL AMOUNT
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIRST TENNESSEE DEVELOPMENT DISTRICT
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010040
IRS990/TotalAssetsEOYAmt0469498
IRS990/TotalAssetsGrp/BOYAmt010040
IRS990/TotalAssetsGrp/EOYAmt0469498
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0542700
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0161716
IRS990/TotalFunctionalExpensesGrp/TotalAmt0161716
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt078474
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt078474
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010040
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0391024
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0161716
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0542700
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010040
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0469498
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X

Document Assets

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Filings

Displayed year

2021 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$469,498
Liabilities
$78,474
Net assets
$391,024
Revenue
$542,700
Expenses
$161,716
Net income
$380,984
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.90$1.75$1.16$10.2$9.06$1.10
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.79$0.06$3.79$3.87$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.29$0.15$0.14$0.36$0.46$0.09
2022Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.23$0.41$0.57$0.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.08$0.39$0.54$0.16$0.38
2020Summary only. Only limited summary data is available for this year.$0.01$0.00$0.00$0.00$0.00
2019Summary only. Only limited summary data is available for this year.$0.01$0.00$0.03$0.01$0.01