Civic Intelligence

Tennessee Economic Development Council

990 • Fiscal year 2014 • EIN 91-2130756

Jan 01, 2014 to Dec 31, 2014 • Filed on May 05, 2015

611 Commerce StreetRoom/Suite 3030Nashville, TN 37203-3742

(615) 256-5141

Siviq Scores

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

Liabilities / Assets

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

47th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

58th percentile

5.7%

Higher net margin than 58% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

68th percentile

$0

Higher top officer pay than 68% of similar nonprofits.

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

57th percentile

6.4%

Faster asset growth than 57% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

70th percentile

12%

Faster revenue growth than 70% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Up

$161,087

Up $9,671 (+6.4%) from 2013

Net Assets

Up

$161,087

Up $9,671 (+6.4%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$168,310

Up $17,923 (+12%) from 2013

Expenses

Up

$158,639

Up $14,354 (+9.9%) from 2013

Net Income

Up

$9,671

Up $3,569 (+58%) from 2013

Historical Trend

Balance Sheet Trend

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

$300K$200K$100K$0Assets 2010: $130,621Liabilities 2010: $02010Assets 2012: $145,314Liabilities 2012: $02012Assets 2013: $151,416Liabilities 2013: $0Net Assets 2013: $151,4162013Assets 2014: $161,087Liabilities 2014: $0Net Assets 2014: $161,0872014Assets 2015: $165,996Liabilities 2015: $0Net Assets 2015: $165,9962015Assets 2016: $140,043Net Assets 2016: $140,0432016Assets 2017: $118,633Net Assets 2017: $118,6332017Assets 2018: $137,525Net Assets 2018: $137,5252018Assets 2019: $150,428Net Assets 2019: $150,4282019Assets 2020: $219,237Net Assets 2020: $219,2372020Assets 2021: $231,829Net Assets 2021: $231,8292021Assets 2022: $226,719Net Assets 2022: $226,7192022Assets 2023: $202,416Liabilities 2023: $02023Assets 2024: $229,455Liabilities 2024: $0Net Assets 2024: $229,4552024

Highlighted filing

2014

Assets$161,087
Liabilities$0
Net Assets$161,087

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $61,755Expenses 2010: $35,342Net Income 2010: $26,4132010Revenue 2012: $40,556Expenses 2012: $34,773Net Income 2012: $5,7832012Revenue 2013: $150,387Expenses 2013: $144,285Net Income 2013: $6,1022013Revenue 2014: $168,310Expenses 2014: $158,639Net Income 2014: $9,6712014Revenue 2015: $180,083Expenses 2015: $175,174Net Income 2015: $4,9092015Revenue 2016: $143,406Expenses 2016: $169,359Net Income 2016: -$25,9532016Revenue 2017: $178,775Expenses 2017: $200,185Net Income 2017: -$21,4102017Revenue 2018: $176,584Expenses 2018: $157,692Net Income 2018: $18,8922018Revenue 2019: $168,189Expenses 2019: $155,286Net Income 2019: $12,9032019Revenue 2020: $120,484Expenses 2020: $51,675Net Income 2020: $68,8092020Revenue 2021: $124,457Expenses 2021: $111,865Net Income 2021: $12,5922021Revenue 2022: $133,146Expenses 2022: $138,256Net Income 2022: -$5,1102022Revenue 2023: $194,379Expenses 2023: $218,682Net Income 2023: -$24,3032023Revenue 2024: $239,459Expenses 2024: $212,420Net Income 2024: $27,0392024

Highlighted filing

2014

Revenue$168,310
Expenses$158,639
Net Income$9,671
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 5, 2015
Return Version
2014v5.0
Gross Receipts
$168,310
Mission and Program Overview

Mission

Statewide professional organization formed for the purpose of promoting economic development and industrial recruitment in the 95 counties of the State of Tennessee. Membership is open to individuals whose employment responsibilities are in the field of economic development pursuant to the by-laws of the organization.

Statewide professional organization formed for the purpose of promoting economic development and industrial recruitment in the 95 counties of the state of tennessee. Membership is open to individuals whose job duties are in the field of economic development pursuant to the by-laws of the organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$151,416$161,087▲ $9,671
Total Assets$151,416$161,087▲ $9,671
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$151,416$161,087▲ $9,671
Total Net Assets Fund Balance$151,416$161,087▲ $9,671
Total Liabilities and Net Assets / Fund Balance$151,416$161,087▲ $9,671
Compensation and Service Providers

Board Members and Trustees

NameTitle
James FentonPresident
Allen HesterDirector
Gc HixsonDirector
Jamie StittDirector
Marshal RamseyDirector
Robert BibbDirector
Gary FarlowPast Preside
Andy LawsonSecretary/tr
Mandy WhiteVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$69,506
Program Service Revenue
$98,804
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$9,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$158,639
Total Fundraising Expense$79,267
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings--$77,785$77,785
Office Expenses-$19,367-$19,367
Other Expenses-$5,600-$5,600
Information Technology-$2,168-$2,168
Insurance-$1,838-$1,838
Fees for Services Other--$1,482$1,482
Fees for Services Accounting-$495-$495
Total Functional Expenses$0$79,372$79,267$158,639
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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

No review was or will be conducted.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Tennessee Economic Development
EIN
91-2130756
Address
611 COMMERCE STREET, ROOM/SUITE 3030, NASHVILLE, TN 37203-3742

Signing Officer

Name
James Fenton
Title
President
Signed
2015-05-05

Organization Details

Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
John J Michie CPA
Address
2108 WESTWOOD AVE, NASHVILLE, TN 37212
Preparer
John J Michie CPA
Phone
6153838806
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Statewide professional organization formed for the purpose of promoting economic development and industrial recruitment in the 95 counties of the state of tennessee. Membership is open to individuals whose job duties are in the field of economic development pursuant to the by-laws of the organization.

Raw XML Appendix263 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0STATEWIDE PROFESSIONAL ORGANIZATION FORMED FOR THE PURPOSE OF PROMOTING ECONOMIC DEVELOPMENT AND INDUSTRIAL RECRUITMENT IN THE 95 COUNTIES OF THE STATE OF TENNESSEE. MEMBERSHIP IS OPEN TO INDIVIDUALS WHOSE JOB DUTIES ARE IN THE FIELD OF ECONOMIC DEVELOPMENT PURSUANT TO THE BY-LAWS OF THE ORGANIZATION.
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IRS990/Form990PartVIISectionAGrp/PersonNm2ANDY LAWSON
IRS990/Form990PartVIISectionAGrp/PersonNm3GARY FARLOW
IRS990/Form990PartVIISectionAGrp/PersonNm4MARSHAL RAMSEY
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
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IRS990/GamingActivitiesInd0false
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IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
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IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
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IRS990/IndoorTanningServicesInd0false
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IRS990/InformationTechnologyGrp/TotalAmt02168
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IRS990/InsuranceGrp/TotalAmt01838
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt069506
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
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IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0STATEWIDE PROFESSIONAL ORGANIZATION FORMED FOR THE PURPOSE OF PROMOTING ECONOMIC DEVELOPMENT AND INDUSTRIAL RECRUITMENT IN THE 95 COUNTIES OF THE STATE OF TENNESSEE. MEMBERSHIP IS OPEN TO INDIVIDUALS WHOSE JOB DUTIES ARE IN THE FIELD OF ECONOMIC DEVELOPMENT PURSUANT TO THE BY-LAWS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-03-07 17:11:31Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES FENTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TENNESSEE ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COUNCIL
ReturnHeader/Filer/BusinessNameControlTxt0TENN
ReturnHeader/Filer/EIN0912130756
ReturnHeader/Filer/USAddress/AddressLine1Txt0611 COMMERCE STREET
ReturnHeader/Filer/USAddress/AddressLine2Txt0ROOM/SUITE 3030
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0372033742
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621169233
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN J MICHIE CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02108 WESTWOOD AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NASHVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037212
ReturnHeader/PreparerPersonGrp/PhoneNum06153838806
ReturnHeader/PreparerPersonGrp/PreparationDt02015-05-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN J MICHIE CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02015-05-06T09:04:36-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.00$2.29$2.39$2.12$0.27
2023Summary only. Only limited summary data is available for this year.$2.02$0.00$1.94$2.19$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.27$2.27$1.33$1.38$0.05
2021Detailed filing. Detailed filing data is available for this year.$2.32$2.32$1.24$1.12$0.13
2020Detailed filing. Detailed filing data is available for this year.$2.19$2.19$1.20$0.52$0.69
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$1.50$1.68$1.55$0.13
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.38$1.38$1.77$1.58$0.19
2017Detailed filing. Detailed filing data is available for this year.$1.19$1.19$1.79$2.00$0.21
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$1.40$1.43$1.69$0.26
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.66$0.00$1.66$1.80$1.75$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$1.68$1.59$0.10
2013Summary only. Only limited summary data is available for this year.$1.51$0.00$1.51$1.50$1.44$0.06
2012Summary only. Only limited summary data is available for this year.$1.45$0.00$0.41$0.35$0.06
2010Summary only. Only limited summary data is available for this year.$1.31$0.00$0.62$0.35$0.26