Nonprofit · EIN 62-0718526
ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION
Tax-exempt · CLINTON, TN 37716
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $716,691 | $630,286 | $86,405 | $495,855 | $20,597 | $475,258 |
| June 30, 2023 | 990 | $4,813,342 | $4,697,295 | $116,047 | $394,516 | $5,663 | $388,853 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $698,956
- of which government grants
- $459,382
- Program service revenue
- $0
- Investment income
- $17,735
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $116,650
- Salaries, compensation and benefits (total)
- $138,076
- Professional fundraising fees
- $0
- Accounting fees
- $6,450
- Occupancy
- $4,315
- Depreciation
- $467
- Program services (functional)
- $630,286
Balance sheet and other
- Total assets, start of year
- $394,516
- Total assets, end of year
- $495,855
- Total liabilities, end of year
- $20,597
- Net assets, end of year
- $475,258
- Land, buildings and equipment
- $411
- Net assets without donor restrictions
- $314,989
- Net assets with donor restrictions
- $160,269
- Gross receipts
- $716,691
- Employees
- 1
- Year formed
- 1964
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAYOR KERRY TEMPLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT BAIRD | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM ISBEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT NEIL | BOARD MEMBER Trustee or director | 1 | $0 |
| ASHLEY SEXTON | BOARD MEMBER Trustee or director | 1 | $0 |
| TODD LOGGINS | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN GLEASON | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL SWISHER | BOARD MEMBER Trustee or director | 1 | $0 |
| ADAM LEDFORD | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN TADLOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTINE MICHAELS | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR JASON STILNER | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR CHRIS MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 |
| ERNIE BOWLES | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY BEAMAN | BOARD MEMBER Trustee or director | 1 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAYOR SCOTT BURTON | BOARD MEMBER Trustee or director | 1 | $0 |
| ROGER HOUCK | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK MEREDITH | BOARD MEMBER Trustee or director | 1 | $0 |
| ZACH FARRAR | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR TERRY FRANK | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN ALLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM E STEPHENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PAM RAINEY | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY HEMANN | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR WARREN GOOCH | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE CLEVELAND | BOARD MEMBER Trustee or director | 1 | $0 |
| LEONARD ABBATIELLO | BOARD MEMBER Trustee or director | 1 | $0 |
| JONATHAN BLACK | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY SHATTUCK | VICE CHAIRMAN Officer | 1 | $0 |
| GREG FAY | CHAIRMAN Officer | 1 | $0 |
| JAMES A WALLACE | PRESIDENT Key employee | 40 | $0 |
990 for the year ended June 30, 2023: 32 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MAYOR KERRY TEMPLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT BAIRD | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM ISBEL | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT NEIL | BOARD MEMBER Trustee or director | 1 | $0 |
| LEONARD ABBATIELLO | BOARD MEMBER Trustee or director | 1 | $0 |
| ASHLEY SEXTON | BOARD MEMBER Trustee or director | 1 | $0 |
| TODD LOGGINS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL SWISHER | BOARD MEMBER Trustee or director | 1 | $0 |
| SCOTT HACKLER | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN TADLOCK | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTINE MICHAELS | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR JASON STINER | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR CHRIS MITCHELL | BOARD MEMBER Trustee or director | 1 | $0 |
| ERNIE BOWLES | BOARD MEMBER Trustee or director | 1 | $0 |
| LARRY BEAMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ROGER HOUCK | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN ALLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK MEREDITH | BOARD MEMBER Trustee or director | 1 | $0 |
| ZACH FARRAR | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM E STEPHENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR SCOTT BURTON | BOARD MEMBER Trustee or director | 1 | $0 |
| GEORGE CLEVELAND | BOARD MEMBER Trustee or director | 1 | $0 |
| PAM RAINEY | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR WARREN GOOCH | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR RANDY HEMANN | BOARD MEMBER Trustee or director | 1 | $0 |
| JONATHAN BLACK | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL ELLIS | BOARD MEMBER Trustee or director | 1 | $0 |
| MAYOR TERRY FRANK | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES A WALLACE | PRESIDENT Officer, Key employee | 40 | $0 |
| RICK CHINN | TREASURER Officer | 1 | $0 |
| GREG FAY | CHAIRMAN Officer | 1 | $0 |
| JERRY SHATTUCK | VICE CHAIRMAN Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 245 N MAIN ST, CLINTON, TN 37716-3705
- Principal officer (990 for 2023)
- GREG FAY
- Signed the 990
- JAMES A WALLACE, PRESIDENT
- Return prepared by
- DALE C ISABELL CPA
Mission
INDUSTRIAL DEVELOPMENT PROSPECTS
Program accomplishments
- THE ORGANIZATION WAS ENGAGED DURING THE YEAR IN MARKETING THE COMMUNITY TO PROVIDE INDUSTRIAL PROSPECTS FOR THE PURPOSE OF GENERATING PRIVATE CAPITAL INVESTMENTS BROADENING LOCAL TAX BASE AND THE GENERATION OF NEW AND ADDITIONAL JOB OPPORTUNITIES FOR LOCAL RESIDENTS. IN ADDITION THE ORGANIZATION COORDINATES ALL ACTIVITIES RELATED TO FEDERAL LOANS AND GRANTS AS WELL AS PRIVATE BOND ISSUES DIRECTLY RELATED TO INDIVIDUAL INDUSTRIAL SITE DEVELOPMENTS AND FOR THE LARGER TRACTS OF LAND TO BE UTILIZED AS INDUSTRIAL.Expenses $630,286
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0718526
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1991
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $495,855
- Income (IRS master file)
- $716,691
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $716,691 | $630,286 | $495,855 | XML |
| 990 | June 2023 | $4,813,342 | $4,697,295 | $394,516 | XML |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 62-0718526).
Questions about ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION
- What is the EIN of ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION?
- The employer identification number (EIN) of ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION is 62-0718526.
- Is ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
- Are donations to ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION 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 ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION 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 ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION?
- The 990 for the year ended June 30, 2024 names GREG FAY.
- Who are the officers and directors of ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION?
- The 990 for the year ended June 30, 2024 lists 31 people; 0 received compensation from the organization.
- How much revenue does ANDERSON COUNTY ECONOMIC DEVELOPMENT ASSOCIATION have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $716,691, expenses of $630,286 and total assets of $495,855 at year end.
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