Civic Intelligence

Anderson County Chamber Foundation Inc

EIN 88-2180279 • 501(c)3 • Clinton, TN

Profile

Provide training to future community leaders, assist to unite local businesses and citizens in the progressive development of Anderson County.

245 N Main St Ste 200Clinton, TN 37716

acccfoundation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.01x

Higher debt load relative to assets than 33% of similar nonprofits.

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

Liabilities / Revenue

35th percentile

0.02x

Higher debt load relative to revenue than 35% of similar nonprofits.

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

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Assets

Up

$2,773,841

Up $1,087,048 (+64%) from 2023

Liabilities

Up

$32,671

Up $28,664 (+715%) from 2023

Net Assets

Up

$2,741,170

Up $1,058,384 (+63%) from 2023

Revenue

Down

$1,358,552

Down $559,530 (-29%) from 2023

Expenses

Up

$300,168

Up $63,583 (+27%) from 2023

Net Income

Down

$1,058,384

Down $623,113 (-37%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2023: $1,686,793Liabilities 2023: $4,007Net Assets 2023: $1,682,7862023Assets 2024: $2,773,841Liabilities 2024: $32,671Net Assets 2024: $2,741,1702024

Highlighted filing

2024

Assets$2,773,841
Liabilities$32,671
Net Assets$2,741,170

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0Revenue 2023: $1,918,082Expenses 2023: $236,585Net Income 2023: $1,681,4972023Revenue 2024: $1,358,552Expenses 2024: $300,168Net Income 2024: $1,058,3842024

Highlighted filing

2024

Revenue$1,358,552
Expenses$300,168
Net Income$1,058,384

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 15, 2025
Return Version
2024v5.2
Gross Receipts
$1,375,803
Mission and Program Overview

Mission

Provide training to future community leaders, assist to unite local businesses and citizens in the progressive development of Anderson County.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,216,519$1,791,254▲ $574,735
Savings and Temporary Cash Investments-$971,559-
Cash and Non-Interest-Bearing Accounts$470,274$11,028▼ $459,246
Total Assets$1,686,793$2,773,841▲ $1,087,048
Liabilities
Accounts Payable and Accrued Expenses$4,007$32,671▲ $28,664
Total Liabilities$4,007$32,671▲ $28,664
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,417,895$1,829,734▲ $411,839
Net Assets Without Donor Restrictions$264,891$911,436▲ $646,545
Total Net Assets Fund Balance$1,682,786$2,741,170▲ $1,058,384
Total Liabilities and Net Assets / Fund Balance$1,686,793$2,773,841▲ $1,087,048

Asset Categories

AssetBook ValueDepreciationBasis
Land$1,215,000-$1,215,000
Buildings$576,254-$576,254
Compensation and Service Providers

Board Members and Trustees

NameTitle
Scott RheaChair
Ricky E MeredithPresident
Amber PriceBoard Member
Callie ArcherBoard Member
Dr Craig LaymanBoard Member
Gene PattersonBoard Member
Joey SmithBoard Member
Robert BairdBoard Member
Trey McAdamsBoard Member
Jackie PattonSecretary
Tammy GrossTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,238,095
Program Service Revenue
$87,176
Investment Income
$28,002
Other Revenue
$5,279
All Other Contributions
$989,206
Change in Net Assets
$1,058,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$160,589
Salaries, Compensation, and Employee Benefits$139,579
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$31,821$44,376-$76,197
All Other Expenses-$53,670-$53,670
Other Salaries and Wages$40,018$4,108-$44,126
Other Expenses$25,930--$25,930
Payroll Taxes$10,930$7,302-$18,232
Fees for Services Management$14,104$1,528-$15,632
Office Expenses-$11,965-$11,965
Insurance-$8,046-$8,046
Fees for Services Accounting-$4,202-$4,202
Travel-$3,479-$3,479
Pension Plan Contributions-$1,024-$1,024
Advertising-$745-$745
Information Technology-$462-$462
Fees for Services Other-$434-$434
Interest-$411-$411
Occupancy-$-349-$-349
Total Functional Expenses$158,765$141,403$0$300,168
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$12,102
Gaming Gross Income$10,428
Gaming Direct Expenses$10,028
Fundraising Direct Expenses$7,223
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Classic$12,102$12,102$7,223$4,879
Total Events$12,102$12,102$7,223$4,879
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Committee meeting documentation Part VI line 8B

The question is, Each committee with authority to act on behalf of the governing body document its meetings. There is no committee with authority to act on behalf of the governing body.

Form 990 governing body review Part VI line 11

No review was conducted before E-filing, other than the signer will review it before signing Form 8879.

Conflict of interest policy compliance Part VI line 12C

The conflict of interest policy is to review with the Board of Directors, annually at orientation before the beginning of dthe fiscal year. During the year, the Policy is followed with respect to disclosing any potential or perceived conflicts of interest. At the end of the fiscal year, each Board member completes the policys questionnaire acknowledging any conflict of interest.

CEO executive director top management comp Part VI line 15A

The Foundation determines the executive compensation by the Board of Directors Executive Committe annually reviewing the Policy of compensation. The Presidents compensation is reviewed and approved by the Board of Directors. His compensation is adjusted based upon the success (financially) of events and other factors.

Other officer or key employee compensation Part VI line 15B

The President determines the compensation of the other employees of the Organization.

Governing documents etc available to public Part VI line 19

The Foundation will file the 990 with the IRS. Governing documents, policies and financial statements are available to the public upon request. IRS will display the filed 990 on its website.

Filing and Contact Details

Filer

Filer Name
Anderson County Chamber Foundation Inc
EIN
88-2180279
In Care Of
% Ricky E Meredith
Phone
8654572559
Address
245 N MAIN ST STE 200, Clinton, TN 37716

Signing Officer

Name
Ricky E Meredith
Title
President
Phone
8654572559
Signed
2025-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ricky E Meredith
Formed
2022
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
8
Volunteers
18

Preparer

Firm
Carla F Herren CPA
Address
P O Box 734, Clinton, TN 37717
Preparer
Carla F Herren CPA
Phone
8654575523
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

This $53,670 expense represents a loss that the Organization sustained from the sale of a vacant lot on Main Street in Clinton, Tennessee, that it had received from the related organization, Anderson County Chamber of Commerce. The Chamber had purchased the vacant lot in August 2022 in anticipation of buidling a facility for use. When the Chamber formed the Foundation and another vacant lot was donated to the Foundation to build a facility on it, the Chamber transferred title to the Foundation when the lot sale was going to happen within a few months. The Foundation then sold the Main Street lot, within the few months of transfer. The Foundation sold the Main Street lot to the City of Clinton for a loss of $53,670. The lot was never used by the Chamber or the Foundation.

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IRS990/ProgSrvcAccomActy3Grp/Desc0Education Workforce works with 8th graders to produce videos about which the industry that they are partnered with. This is a learning experience for them. The Businsess Development activity teaches entrepreneurs skills to use in starting their own businesses.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt012598
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt015411
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01747077
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt07693
IRS990/PYOtherExpensesAmt064323
IRS990/PYOtherRevenueAmt047018
IRS990/PYProgramServiceRevenueAmt0116294
IRS990/PYRevenuesLessExpensesAmt01681497
IRS990/PYSalariesCompEmpBnftPaidAmt0172262
IRS990/PYTotalExpensesAmt0236585
IRS990/PYTotalRevenueAmt01918082
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01058384
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IRS990/RelatedOrganizationsAmt0237687
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt033212
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0971559
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01226893
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01747077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03040
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02977010
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt028002
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07693
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt035695
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt02237264
IRS990ScheduleA/SubstantialContributorsTotAmt0739746
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01226893
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01747077
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03040
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02977010
IRS990ScheduleA/TotalSupportAmt03012705
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0576254
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0576254
IRS990ScheduleD/LandGrp/BookValueAmt01215000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01215000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01791254
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt07223
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF CLASSIC
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt012102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt012102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt012102
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt012102
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04879
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07223
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07223
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The question is, Each committee with authority to act on behalf of the governing body document its meetings. There is no committee with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was conducted before E-filing, other than the signer will review it before signing Form 8879.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The conflict of interest policy is to review with the Board of Directors, annually at orientation before the beginning of dthe fiscal year. During the year, the Policy is followed with respect to disclosing any potential or perceived conflicts of interest. At the end of the fiscal year, each Board member completes the policys questionnaire acknowledging any conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Foundation determines the executive compensation by the Board of Directors Executive Committe annually reviewing the Policy of compensation. The Presidents compensation is reviewed and approved by the Board of Directors. His compensation is adjusted based upon the success (financially) of events and other factors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The President determines the compensation of the other employees of the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Foundation will file the 990 with the IRS. Governing documents, policies and financial statements are available to the public upon request. IRS will display the filed 990 on its website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6This $53,670 expense represents a loss that the Organization sustained from the sale of a vacant lot on Main Street in Clinton, Tennessee, that it had received from the related organization, Anderson County Chamber of Commerce. The Chamber had purchased the vacant lot in August 2022 in anticipation of buidling a facility for use. When the Chamber formed the Foundation and another vacant lot was donated to the Foundation to build a facility on it, the Chamber transferred title to the Foundation when the lot sale was going to happen within a few months. The Foundation then sold the Main Street lot, within the few months of transfer. The Foundation sold the Main Street lot to the City of Clinton for a loss of $53,670. The lot was never used by the Chamber or the Foundation.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
IRS990ScheduleR/AssetExchangeInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ANDERSON COUNTY CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0621314870
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Promote local business activity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0245 N MAIN STREET SUITE 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Clinton
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037716
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0true
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0true
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0120369
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0SALARIES REPORTED ON COMMERCES FINANCIA
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0ANDERSON COUNTY CHAMBER OF COMMERCE
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0o
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IRS990/SchoolOperatingInd0false
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IRS990/TerminateOperationsInd0false

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