Civic Intelligence

First Tennessee Development District Foundation

990 • Fiscal year 2024 • EIN 82-4338374

Jul 01, 2023 to Jun 30, 2024 • Filed on Oct 28, 2024

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

93rd percentile

0.93x

Higher debt load relative to assets than 93% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.21x

Higher debt load relative to revenue than 67% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

34th percentile

-2.1%

Higher net margin than 34% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

97th percentile

189%

Faster asset growth than 97% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

943%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$846,365

Up $553,645 (+189%) from 2023

Net Assets

Down

$59,839

Down $78,826 (-57%) from 2023

Liabilities

Up

$786,526

Up $632,471 (+411%) from 2023

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin34th percentile

Revenue

Up

$3,788,450

Up $3,425,319 (+943%) from 2023

Expenses

Up

$3,867,276

Up $3,409,499 (+745%) from 2023

Net Income

Up

-$78,826

Up $15,820 (+17%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth97th 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

2024

Assets$846,365
Liabilities$786,526
Net Assets$59,839
Open 2024 Filing

Operations Trend

Revenue Growth99th 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

2024

Revenue$3,788,450
Expenses$3,867,276
Net Income-$78,826
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Oct 28, 2024
Return Version
2023v5.1
Gross Receipts
$3,788,450
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
Accounts Receivable$205,114$846,365▲ $641,251
Cash and Non-Interest-Bearing Accounts$87,606--
Total Assets$292,720$846,365▲ $553,645
Liabilities
Accounts Payable and Accrued Expenses$154,055$451,626▲ $297,571
Other Liabilities$0$334,900▲ $334,900
Total Liabilities$154,055$786,526▲ $632,471
Net Assets / Fund Balance
Net Assets With Donor Restrictions$138,665$59,839▼ $78,826
Total Net Assets Fund Balance$138,665$59,839▼ $78,826
Total Liabilities and Net Assets / Fund Balance$292,720$846,365▲ $553,645
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Patrick ShullChairman
Mark DewitteVice Chair
Curt AlexanderBoard Member
David HawkBoard Member
Garland EvelyBoard Member
Glenn WhiteBoard Member
Jerry JordanBoard Member
Jim SellsBoard Member
Joe GrandyBoard Member
Kevin MorrisonBoard Member
Larry PotterBoard Member
Patty WoodbyBoard Member
Richard VenableBoard Member
Rusty CroweBoard Member
Steven HarrisonBoard Member
Thomas HarrisonBoard Member
Todd FowlerBoard Member
Vince TurnerBoard Member
Cal DotyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,788,034
Program Service Revenue
$0
Investment Income
$416
Other Revenue
$0
Change in Net Assets
$-78,826
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,866,970
Other Expenses$306
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,866,970--$3,866,970
Fees for Services Other$306--$306
Total Functional Expenses$3,867,276$0$0$3,867,276
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ballad HealthJohnson City, TN-Passthrough Tanf Opportunity Act Pilot Grant$2,445,292
First Tennessee Development DistrictJohnson City, TN-Operations & Passthrough Tanf Opportunity Act Pilot Grant$1,397,395
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Cash Over Draft$334,900
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 copy of the 990 is provided to the board for review before filing.”

Form 990, Part VI, Section B, Line 12

“This is discussed with our board of directors committee at our meetings on a regular basis.”

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
Mike Harrison
Title
Executive Director
Phone
4239280224
Signed
2024-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Harrison
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
Sarah Presnell
Phone
4232824511
Supplemental Narrative

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, 2024, 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, 2024.”

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IRS990/PYTotalExpensesAmt0457777
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0363131
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-78826
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0309682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0412817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0542700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03900
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0531
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01396
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt053000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt053000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.98940
IRS990ScheduleA/PublicSupportPY170Pct00.96000
IRS990ScheduleA/PublicSupportTotal170Amt05057133
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03788034
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0309682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0412817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0542700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03900
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05057133
IRS990ScheduleA/TotalSupportAmt05111529
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/OtherLiabilitiesOrgGrp/Amt0334900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CASH OVER DRAFT
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, 2024, 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, 2024.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0334900
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt01397395
IRS990ScheduleI/RecipientTable/CashGrantAmt12445292
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS & PASSTHROUGH TANF OPPORTUNITY ACT PILOT GRANT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1PASSTHROUGH TANF OPPORTUNITY ACT PILOT GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FIRST TENNESSEE DEVELOPMENT DISTRICT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1BALLAD HEALTH
IRS990ScheduleI/RecipientTable/RecipientEIN0620759446
IRS990ScheduleI/RecipientTable/RecipientEIN1611771290
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03211 N ROAN STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1311 PRINCETON ROAD SUITE 1
IRS990ScheduleI/RecipientTable/USAddress/CityNm0JOHNSON CITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm1JOHNSON CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd137601
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO THE BOARD FOR REVIEW BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THIS IS DISCUSSED WITH OUR BOARD OF DIRECTORS COMMITTEE AT OUR MEETINGS ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OF OUR DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PLANNING FOR LOCAL GOVERNMENTS
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0JOHNSON CITY
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt01397395
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0FIRST TENNESSEE DEVELOPMENT DISTRICT
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IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
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IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0292720
IRS990/TotalAssetsEOYAmt0846365
IRS990/TotalAssetsGrp/BOYAmt0292720
IRS990/TotalAssetsGrp/EOYAmt0846365
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03788034

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$846,365
Liabilities
$786,526
Net assets
$59,839
Revenue
$3,788,450
Expenses
$3,867,276
Net income
-$78,826
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