Nonprofit · EIN 62-1304987
SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC
Tax-exempt · SEVIERVILLE, TN 37862
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $683,154 | $642,629 | $40,525 | $491,172 | $155,725 | $335,447 |
| June 30, 2024 | 990 | $612,781 | $620,717 | -$7,936 | $410,107 | $134,200 | $275,907 |
| June 30, 2023 | 990 | $564,540 | $583,393 | -$18,853 | $250,011 | $48,890 | $201,121 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $500,424
- of which government grants
- $392,324
- Membership dues
- $23,050
- Program service revenue
- $181,136
- Investment income
- $129
- Other revenue
- $1,465
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $159,363
- Other salaries and wages
- $252,211
- Salaries, compensation and benefits (total)
- $495,228
- Professional fundraising fees
- $0
- Legal fees
- $14,022
- Accounting fees
- $3,698
- Occupancy
- $9,741
- Travel
- $31,477
- Depreciation
- $10,814
Balance sheet and other
- Total assets, start of year
- $410,107
- Total assets, end of year
- $491,172
- Total liabilities, end of year
- $155,725
- Net assets, end of year
- $335,447
- Land, buildings and equipment
- $26,684
- Gross receipts
- $683,154
- Employees
- 10
- Year formed
- 1986
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH ALLEN NEWTON | EXECUTIVE DI Officer | 40 | $130,134 | $19,211 |
| PATRICIA BIBLE | MEMBER Trustee or director | 0.5 | $0 | $0 |
| RAY CHRISTIAN | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CRAIG DANIEL | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAMES GREENE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| RICK HARRELL | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| BRENDA MCCROSKEY | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CANDACE OGLE MORTON | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID OGLE | MEMBER Trustee or director | 0.5 | $0 | $0 |
| MIKE PANNELL | MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALLEN ROBBINS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DUSTIN SMITH | MEMBER Trustee or director | 0.5 | $0 | $0 |
| LARRY WATERS | VICE-CHAIRMA Trustee or director, Officer | 0.5 | $0 | $0 |
| TONY WATTS | MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH ALLEN NEWTON | EXECUTIVE DI Officer | 40 | $122,847 | $19,434 |
| DAVID BALL | MEMBER Trustee or director | 0.5 | $0 | $0 |
| PATRICIA BIBLE | MEMBER Trustee or director | 0.5 | $0 | $0 |
| ROBERT CAMPBELL | MEMBER Trustee or director | 0.5 | $0 | $0 |
| PATRICK GASS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JAMES GREENE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| RICK HARRELL | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| JASON HOLIMAN | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| BRENDA MCCROSKEY | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CANDACE OGLE MORTON | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID OGLE | MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALLEN ROBBINS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHRIS THOMPSON | MEMBER Trustee or director | 0.5 | $0 | $0 |
| RUSSELL TREADWAY | MEMBER Trustee or director | 0.5 | $0 | $0 |
| LARRY WATERS | VICE-CHAIRMA Trustee or director, Officer | 0.5 | $0 | $0 |
| TONY WATTS | MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KENNETH ALLEN NEWTON | EXECUTIVE DI Officer | 40 | $124,515 | $18,767 |
| PATRICIA BIBLE | MEMBER Trustee or director | 0.5 | $0 | $0 |
| BOBBY CASTLE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES GREENE | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| RICK HARRELL | CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| BUDDY HEINS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALAN HILL | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JASON HOLIMAN | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JOHN HUNTER | MEMBER Trustee or director | 0.5 | $0 | $0 |
| BRENDA MCCROSKEY | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CANDACE OGLE MORTON | MEMBER Trustee or director | 0.5 | $0 | $0 |
| DAVID OGLE | MEMBER Trustee or director | 0.5 | $0 | $0 |
| CHAD REAGAN | MEMBER Trustee or director | 0.5 | $0 | $0 |
| ALLEN ROBBINS | MEMBER Trustee or director | 0.5 | $0 | $0 |
| RUSSELL TREADWAY | MEMBER Trustee or director | 0.5 | $0 | $0 |
| LARRY WATERS | VICE-CHAIRMA Trustee or director, Officer | 0.5 | $0 | $0 |
| TONY WATTS | MEMBER Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 321 COURT AVE, SEVIERVILLE, TN 37862-3448
- Principal officer (990 for 2024)
- KENNETH ALLEN NEWTON, 321 COURT AVENUE, SEVIERVILLE, TN 37862
- Signed the 990
- KENNETH ALLEN NEWTON, EXECUTIVE DIRECTOR
- Phone
- (865) 428-2212
- Website
- WWW.SCEDC.COM
- Return prepared by
- BROWN JAKE & MCDANIEL PC
Mission
TO CREATE, RETAIN, & INVEST WEALTH FOR THE CREATION OF QUALITY JOB OPPORTUNITIES FOR THE RESIDENTS OF SEVIER CO. THROUGH THE INVESTMENT OF WEALTH, MAINTAIN & IMPROVE THE QUALITY OF LIFE FOR THE PEOPLE OF SEVIER CO.
Program accomplishments
- COORDINATING GOVERNMENTAL AND PRIVATE SECTOR ACTIVITIES IN ATTRACTING BUSINESSES AND INDUSTRIES TO SEVIER COUNTY, TN. PROVIDING AID TO COMPANIES IN SELECTION OF SUITABLE SITES FOR THEIR FACILITIES.Expenses $589,833 · revenue $577,943
- ADMINISTRATION OF THE SOUTHERN HOSPITALITY INTERNSHIP PROGRAM IN SEVIER COUNTY, TN, WHICH IS A BRIDGE FROM A STUDENT'S CURRICULUM TO REAL-LIFE WORK EXPERIENCE.Expenses $52,796 · revenue $105,211
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 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1304987
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1987
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $491,172
- Income (IRS master file)
- $683,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $683,154 | $642,629 | $491,172 | IRS |
| 990 | June 2024 | $612,781 | $620,717 | $410,107 | IRS |
| 990 | June 2023 | $564,540 | $583,393 | $250,011 | XML |
| 990 | June 2022 | $655,925 | $615,852 | $444,803 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | 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 62-1304987).
Questions about SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC
- What is the EIN of SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC?
- The employer identification number (EIN) of SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC is 62-1304987.
- Is SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1987.
- Are donations to SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC 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 SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC 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 SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC 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 SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended June 30, 2025 names KENNETH ALLEN NEWTON.
- Who are the officers and directors of SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC?
- The 990 for the year ended June 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $130,134 (KENNETH ALLEN NEWTON, EXECUTIVE DI).
- How much revenue does SEVIER COUNTY ECONOMIC DEVELOPMENT COUNCIL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $683,154, expenses of $642,629 and total assets of $491,172 at year end.
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