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Nonprofit · EIN 46-1180603

CHEROKEE FARM DEVELOPMENT CORPORATION

Tax-exempt · KNOXVILLE, TN 37920

Financials

$1.2M$912K2022$1.6M$1.1M2023$1.9M$1.2M2024
Revenue Expenses · by fiscal year end
Financials of CHEROKEE FARM DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,910,613$1,236,285$674,328$3,759,878$724,548$3,035,330
June 30, 2024990$1,644,982$1,116,111$528,871$2,421,148$60,146$2,361,002
June 30, 2023990$1,152,870$911,974$240,896$1,889,442$57,311$1,832,131
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,688,580
of which government grants
$242,689
Program service revenue
$189,467
Investment income
$32,566
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$152,896
Other salaries and wages
$390,752
Salaries, compensation and benefits (total)
$642,958
Professional fundraising fees
$0
Legal fees
$79,435
Occupancy
$80,857
Travel
$13,890
Depreciation
$16,226
Program services (functional)
$1,236,285

Balance sheet and other

Total assets, start of year
$2,421,148
Total assets, end of year
$3,759,878
Total liabilities, end of year
$724,548
Net assets, end of year
$3,035,330
Land, buildings and equipment
$230,742
Net assets without donor restrictions
$2,388,497
Net assets with donor restrictions
$646,833
Gross receipts
$1,910,613
Employees
8
Year formed
2011
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRETT MALONEPRESIDENT AN
Officer
40$97,363$441
RICKEY MCCALLUMVICE PRESIDE
Officer
40$55,533$6,617
HARRY BOSTONBOARD MEMBER
Trustee or director
1$0$0
BRANDON BRUCEBOARD MEMBER
Trustee or director
1$0$0
LORI CHAMBERLAINTREASURER
Trustee or director, Officer
1$0$0
DR DEBORAH CRAWFORDBOARD MEMBER
Trustee or director
1$0$0
VICTORIA HIRSCHBERGBOARD MEMBER
Trustee or director
1$0$0
JOE HOAGLANDBOARD MEMBER
Trustee or director
1$0$0
DR MAHALAXMI KRISHNAMURTHYBOARD MEMBER
Trustee or director
1$0$0
SHARON PRYSEBOARD MEMBER
Trustee or director
1$0$0
SAMANTHA JEFFERSASSISTANT TR
Officer
1$0$0
WILLIAM E MASONSECRETARY
Officer
1$0$0
990 for the year ended June 30, 2024: 13 people
NameTitleHours / weekCompensationOther / benefits
TOM ROGERSPRESIDENT AN
Former
40$134,035$18,000
RICKEY MCCALLUMVICE PRESIDE
Officer
40$92,316$12,037
HARRY BOSTONBOARD MEMBER
Trustee or director
1$0$0
BRANDON BRUCEBOARD MEMBER
Trustee or director
1$0$0
LORI CHAMBERLAINTREASURER
Trustee or director, Officer
1$0$0
DR DEBORAH CRAWFORDBOARD MEMBER
Trustee or director
1$0$0
VICTORIA HIRSCHBERGBOARD MEMBER
Trustee or director
1$0$0
JOE HOAGLANDBOARD MEMBER
Trustee or director
1$0$0
DR MAHALAXMI KRISHNAMURTHYBOARD MEMBER
Trustee or director
1$0$0
SHARON PRYSEBOARD MEMBER
Trustee or director
1$0$0
SAMANTHA JEFFERSASSISTANT TR
Officer
1$0$0
BRETT MALONEPRESIDENT AN
Officer
40$0$0
WILLIAM E MASONSECRETARY
Officer
1$0$0
990 for the year ended June 30, 2023: 11 people
NameTitleHours / weekCompensationOther / benefits
TOM ROGERSPRESIDENT AN
Officer
40$179,610$18,000
RICKEY MCCALLUMVICE PRESIDE
Officer
40$86,657$11,736
ANGELEE DAYCOO
Officer
40$53,671$8,257
HARRY BOSTONBOARD MEMBER
Trustee or director
1$0$0
BRANDON BRUCEBOARD MEMBER
Trustee or director
1$0$0
LORI CHAMBERLAINTREASURER
Trustee or director
1$0$0
DR DEBORAH CRAWFORDBOARD MEMBER
Trustee or director
1$0$0
VICTORIA HIRSCHBERGBOARD MEMBER
Trustee or director
1$0$0
JOE HOAGLANDBOARD MEMBER
Trustee or director
1$0$0
DR MAHALAXMI KRISHNAMURTHYBOARD MEMBER
Trustee or director
1$0$0
SHARON PRYSEBOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
2730 CHEROKEE FARM WAY STE 203, KNOXVILLE, TN 37920-3295
In care of
% CLIFF HAWKS
Principal officer (990 for 2024)
BRETT MALONE, 2730 CHEROKEE FARM WAY STE 203, KNOXVILLE, TN 37920
Signed the 990
BRETT MALONE, PRESIDENT AND CEO
Phone
(865) 974-8210
Return prepared by
CLEARPOINT CPAS PC

Mission

SUPPORT AND ENHANCE THE UNIVERSITY OF TENNESSEE THROUGH DEVELOPMENT AND OPERATION OF THE UNIVERSITY OF TENNESSEE RESEARCH PARK AT CHEROKEE FARM INNOVATION CAMPUS.

990 for the year ended June 30, 2025

Program accomplishments

  • SUPPORT AND ENHANCE THE UNIVERSITY OF TENNESSEE THROUGH DEVELOPMENT AND OPERATION OF THE UNIVERSITY OF TENNESSEE RESEARCH PARK AT CHEROKEE FARM INNOVATION CAMPUS.
    Expenses $1,236,285 · revenue $189,467

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
46-1180603
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B194)
Assets (IRS master file)
$3,759,878
Income (IRS master file)
$1,910,613

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,910,613$1,236,285$3,759,878IRS
990June 2024$1,644,982$1,116,111$2,421,148XML
990June 2023$1,152,870$911,974$1,889,442XML
990June 2022$792,055$665,991$1,644,336IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2019–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1180603).

Questions about CHEROKEE FARM DEVELOPMENT CORPORATION

What is the EIN of CHEROKEE FARM DEVELOPMENT CORPORATION?
The employer identification number (EIN) of CHEROKEE FARM DEVELOPMENT CORPORATION is 46-1180603.
Is CHEROKEE FARM DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to CHEROKEE FARM DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CHEROKEE FARM DEVELOPMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of CHEROKEE FARM DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CHEROKEE FARM DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of CHEROKEE FARM DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 names BRETT MALONE.
Who are the officers and directors of CHEROKEE FARM DEVELOPMENT CORPORATION?
The 990 for the year ended June 30, 2025 lists 12 people; 2 received compensation from the organization, the highest $97,363 (BRETT MALONE, PRESIDENT AN).
How much revenue does CHEROKEE FARM DEVELOPMENT CORPORATION have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,910,613, expenses of $1,236,285 and total assets of $3,759,878 at year end.

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