Civic Intelligence

First Tennessee Development District Foundation

990 • Fiscal year 2023 • EIN 82-4338374

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 17, 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

90th percentile

0.53x

Higher debt load relative to assets than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

91st percentile

0.42x

Higher debt load relative to revenue than 91% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

16th percentile

-26%

Higher net margin than 16% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

67th percentile

13%

Faster asset growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

31st percentile

-12%

Faster revenue growth than 31% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets90th percentile

Assets

Up

$292,720

Up $34,439 (+13%) from 2022

Net Assets

Down

$138,665

Down $94,646 (-41%) from 2022

Liabilities

Up

$154,055

Up $129,085 (+517%) from 2022

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin16th percentile

Revenue

Down

$363,131

Down $50,217 (-12%) from 2022

Expenses

Down

$457,777

Down $113,284 (-20%) from 2022

Net Income

Up

-$94,646

Up $63,067 (+40%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth67th 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

2023

Assets$292,720
Liabilities$154,055
Net Assets$138,665
Open 2023 Filing

Operations Trend

Revenue Growth31st 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

2023

Revenue$363,131
Expenses$457,777
Net Income-$94,646
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 17, 2024
Return Version
2022v5.0
Gross Receipts
$363,131
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-
Cash and Non-Interest-Bearing Accounts$258,281$87,606▼ $170,675
Total Assets$258,281$292,720▲ $34,439
Liabilities
Accounts Payable and Accrued Expenses$24,970$154,055▲ $129,085
Total Liabilities$24,970$154,055▲ $129,085
Net Assets / Fund Balance
Net Assets With Donor Restrictions$233,311$138,665▼ $94,646
Total Net Assets Fund Balance$233,311$138,665▼ $94,646
Total Liabilities and Net Assets / Fund Balance$258,281$292,720▲ $34,439
Compensation and Service Providers
Top Officer Pay78th percentile

Board Members and Trustees

NameTitle
Patty WoodbyChairman
Patrick ShullVice Chair
Cal DotyBoard Member
Curt AlexanderBoard Member
David HawkBoard Member
Dean RheaBoard Member
Glenn WhiteBoard Member
Jerry JordanBoard Member
Jim SellsBoard Member
Joe GrandyBoard Member
Kevin MorrisonBoard Member
Larry PotterBoard Member
Mark DewitteBoard Member
Richard VenableBoard Member
Rusty CroweBoard Member
Thomas HarrisonBoard Member
Todd FowlerBoard Member
Vince TurnerBoard Member
Garland EvelyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$309,682
Program Service Revenue
$0
Investment Income
$449
Other Revenue
$53,000
All Other Contributions
$1,433
Change in Net Assets
$-94,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375,608
Grants and Similar Amounts Paid$82,169
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$340,194--$340,194
Grants to Domestic Orgs$82,169--$82,169
Insurance$33,279--$33,279
Advertising$985--$985
Travel$637--$637
Other Expenses$53--$53
Total Functional Expenses$457,777$0$0$457,777
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
First Tennessee Development DistrictJohnson City, TN-Operations$82,169
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 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
2024-01-17
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

Additional Explanations

Form 990, Part IX, Line 11G

“Contracted services: program service expenses 340,194. Management and general expenses 0. Fundraising expenses 0. Total expenses 340,194.”

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, 2023, 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, 2023.”

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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MIKE HARRISON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0412817
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01755
IRS990/PYInvestmentIncomeAmt0531
IRS990/PYOtherExpensesAmt0569306
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-157713
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0571061
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0413348
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-94646
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0309682
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0412817
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0542700
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt025067
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01294166
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0449
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0531
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0980
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt053000
IRS990ScheduleA/OtherIncome170Grp/TotalAmt053000
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96000
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt01294166
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0309682
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0412817
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0542700
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03900
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt025067
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01294166
IRS990ScheduleA/TotalSupportAmt01348146
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, 2023, 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, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt082169
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0OPERATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FIRST TENNESSEE DEVELOPMENT DISTRICT
IRS990ScheduleI/RecipientTable/RecipientEIN0620759446
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03211 N ROAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0JOHNSON CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037601
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/ExplanationTxt3CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 340,194. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 340,194.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/InvolvedAmt082169
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/TotalAssetsBOYAmt0258281
IRS990/TotalAssetsEOYAmt0292720

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$292,720
Liabilities
$154,055
Net assets
$138,665
Revenue
$363,131
Expenses
$457,777
Net income
-$94,646
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