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Northeast Tennessee Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$132k (2024)

Expenses
$87.6k (2024)

Total Assets
$3.38M (2024)

Total Liabilities
$1.01M (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$131,618
Expenses
$87,594
Net Income
$44,024
Net Assets
$2,371,008
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $110,697
84.1%
Investment Income $20,921
15.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,377,546
Total Liabilities $1,006,538
Net Assets $2,371,008
Compensation
Key Employees and Officers Compensation Related Other
Ken Rea (Executive Director) $0 $0 $0
Susan Reid (Secretary) $0 $0 $0
Al Spritzer (Director) $0 $0 $0
Rick Storey (Director) $0 $0 $0
Stephen Dixon (Director) $0 $0 $0
Tom Olterman (Director) $0 $0 $0
Steve Mears (Director) $0 $0 $0
Dick Grayson (Director) $0 $0 $0
Mike Hill (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$110,233
Expenses
$96,579
Net Income
$13,654
Net Assets
$2,326,984
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $101,904
92.4%
Investment Income $8,329
7.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,338,754
Total Liabilities $1,011,770
Net Assets $2,326,984
Compensation
Key Employees and Officers Compensation Related Other
Russell Brackins (Director) $0 $0 $0
Ken Rea (Executive Director) $0 $0 $0
Susan Reid (Secretary) $0 $0 $0
Al Spritzer (Director) $0 $0 $0
Rick Storey (Director) $0 $0 $0
Jerry O'conner (Director) $0 $0 $0
Tom Olterman (Director) $0 $0 $0
Steve Mears (Director) $0 $0 $0
Dick Grayson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$819,801
Expenses
$47,343
Net Income
$772,458
Net Assets
$2,363,536
Notable Sources of Revenue Percent of Total Revenue
Contributions $720,000
87.8%
Program Services $98,567
12.0%
Investment Income $1,234
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,372,963
Total Liabilities $1,009,427
Net Assets $2,363,536
Compensation
Key Employees and Officers Compensation Related Other
Russell Brackins (Director) $0 $0 $0
Ken Rea (Executive Director) $0 $0 $0
Susan Reid (Secretary) $0 $0 $0
Al Spritzer (Director) $0 $0 $0
Rick Storey (Director) $0 $0 $0
Jerry O'conner (Director) $0 $0 $0
Tom Olterman (Director) $0 $0 $0
Steve Mears (Director) $0 $0 $0
Dick Grayson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$318,863
Expenses
$34,484
Net Income
$284,379
Net Assets
$1,517,892
Notable Sources of Revenue Percent of Total Revenue
Contributions $250,000
78.4%
Program Services $67,569
21.2%
Investment Income $1,294
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,154,069
Total Liabilities $636,177
Net Assets $1,517,892
Compensation
Key Employees and Officers Compensation Related Other
Russell Brackins (Director) $0 $0 $0
Ken Rea (Executive Director) $0 $0 $0
Susan Reid (Secretary) $0 $0 $0
Al Spritzer (Director) $0 $0 $0
Rick Storey (Director) $0 $0 $0
Jerry O'conner (Director) $0 $0 $0
Tom Olterman (Director) $0 $0 $0
Steve Mears (Director) $0 $0 $0
Dick Grayson (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$72,604
Expenses
$53,535
Net Income
$19,069
Net Assets
$1,232,107
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $68,507
94.4%
Investment Income $4,097
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,882,419
Total Liabilities $650,312
Net Assets $1,232,107

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,939
Expenses
$59,420
Net Income
$18,519
Net Assets
$1,213,038
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,426
94.2%
Investment Income $4,513
5.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,132,639
Total Liabilities $919,601
Net Assets $1,213,038

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$66,064
Expenses
$56,378
Net Income
$9,686
Net Assets
$1,194,519
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,316
95.8%
Investment Income $2,748
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,165,070
Total Liabilities $970,551
Net Assets $1,194,519

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$67,120
Expenses
$46,674
Net Income
$20,446
Net Assets
$1,184,833
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $65,256
97.2%
Investment Income $1,864
2.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,168,558
Total Liabilities $983,725
Net Assets $1,184,833

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,285
Expenses
$49,702
Net Income
$20,583
Net Assets
$1,164,387
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $68,795
97.9%
Investment Income $1,490
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,140,286
Total Liabilities $975,899
Net Assets $1,164,387

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$75,428
Expenses
$54,249
Net Income
$21,179
Net Assets
$1,143,804
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,852
97.9%
Investment Income $1,576
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,166,079
Total Liabilities $1,022,275
Net Assets $1,143,804

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,666
Expenses
$47,703
Net Income
$15,963
Net Assets
$1,122,625
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $2,697
4.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $60,969
95.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,184,574
Total Liabilities $1,061,949
Net Assets $1,122,625

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,785
Expenses
$62,785
Net Income
$0
Net Assets
$1,106,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $3,730
5.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $59,055
94.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,142,258
Total Liabilities $1,035,596
Net Assets $1,106,662

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$62,432
Expenses
$57,405
Net Income
$5,027
Net Assets
$1,106,662
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $4,107
6.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $58,325
93.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,180,039
Total Liabilities $1,073,377
Net Assets $1,106,662

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$68,706
Expenses
$46,722
Net Income
$21,984
Net Assets
$1,101,634
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $5,707
8.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $62,999
91.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,211,732
Total Liabilities $1,110,098
Net Assets $1,101,634

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Sept.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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