Nonprofit · EIN 62-1652594
COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE
Also known as CROET
Tax-exempt · KNOXVILLE, TN 37928
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $486,897 | $1,058,065 | -$571,168 | $6,418,150 | $288,801 | $6,129,349 |
| September 30, 2024 | 990 | $668,823 | $908,152 | -$239,329 | $7,698,987 | $75,820 | $7,623,167 |
| September 30, 2023 | 990 | $519,165 | $610,702 | -$91,537 | $7,910,282 | $107,835 | $7,802,447 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $569,300
- of which government grants
- $569,300
- Program service revenue
- $111,130
- Investment income
- -$193,533
- Net gain from sales of assets
- -$285,522
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $226,000
- Other salaries and wages
- $97,171
- Salaries, compensation and benefits (total)
- $374,721
- Professional fundraising fees
- $0
- Legal fees
- $92,572
- Occupancy
- $343,371
- Travel
- $179
- Depreciation
- $11,154
- Program services (functional)
- $826,528
- Management and general (functional)
- $231,537
Balance sheet and other
- Total assets, start of year
- $7,698,987
- Total assets, end of year
- $6,418,150
- Total liabilities, end of year
- $288,801
- Net assets, end of year
- $6,129,349
- Land, buildings and equipment
- $3,787,767
- Net assets without donor restrictions
- $6,129,349
- Gross receipts
- $1,481,366
- Employees
- 2
- Volunteers
- 12
- Year formed
- 1995
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAWRENCE YOUNG | PRESIDENT/CE Officer | 40 | $226,000 | $6,780 |
| DAVID BRADSHAW | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LESLEY CUSICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICOLE MERRIFIELD | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| BRAD PARISH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JESSE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAWRENCE YOUNG | PRESIDENT/CE Officer | 40 | $166,000 | $4,980 |
| DAVID BRADSHAW | SECRETARY/TR Trustee or director, Officer | 1 | $0 | $0 |
| ROBERT BROWN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LESLEY CUSICK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NICOLE MERRIFIELD | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| BRAD PARISH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JESSE SMITH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANNE WALLACE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERESA FRADY | PRESIDENT/CE Trustee or director, Officer | 32 | $115,547 | $11,720 |
| DAVID BRADSHAW | BOARD MEMBER Trustee or director | – | $0 | $0 |
| ROBERT BROWN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| CHARLES CROWE | BOARD MEMBER Trustee or director | – | $0 | $0 |
| RAY EVANS | BOARD MEMBER Trustee or director | – | $0 | $0 |
| CATHY HICKEY | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JT HOWELL | BOARD MEMBER Trustee or director | – | $0 | $0 |
| NICOLE MERRIFIELD | BOARD MEMBER Trustee or director | – | $0 | $0 |
| BRAD PARISH | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JESSE SMITH | BOARD MEMBER Trustee or director | – | $0 | $0 |
| ANNE WALLACE | BOARD MEMBER Trustee or director | – | $0 | $0 |
| KEN YAGER | BOARD MEMBER Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 5028, KNOXVILLE, TN 37928-0028
- Principal officer (990 for 2024)
- LAWRENCE YOUNG, 9432 CLINGMANS DOME DRIVE, KNOXVILLE, TN 37922
- Signed the 990
- LAWRENCE YOUNG, PRESIDENT/CEO
- Phone
- (865) 482-9890
- Website
- WWW.CROET.COM
- Return prepared by
- RODEFER MOSS & CO PLLC
Mission
THE COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE IS AN ECONOMIC DEVELOPMENT ORGANIZATION WHOSE PURPOSE IS TO ASSIST THE PRIVATE SECTOR IN CREATING QUALITY JOBS IN THE REGION BY USING THE UNDERUTILIZED LAND, FACILITIES, EQUIPMENT, PERSONNEL, AND TECHNOLOGY AVAILABLE AT THE DEPARTMENT OF ENERGY'S OAK RIDGE COMPLEX.
Program accomplishments
- THE ORGANIZATION ACQUIRES PROPERTY FROM THE DEPARTMENT OF ENERGY. THE PROPERTY IS THEN USED, SOLD, OR RENTED OUT TO PRIVATE INDUSTRY FOR REUSE. THIS HELPS TO IMPROVE INFRASTRUCTURE AND ASSIST IN JOB DEVELOPMENT FOR WORKERS DISPLACED BY GOVERNMENT CUTBACKS IN THE OAK RIDGE, TN REGION.Expenses $826,528 · revenue $111,130
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 62-1652594
- 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
- 1997
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,418,150
- Income (IRS master file)
- $1,481,366
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $486,897 | $1,058,065 | $6,418,150 | XML |
| 990 | September 2024 | $668,823 | $908,152 | $7,698,987 | XML |
| 990 | September 2023 | $519,165 | $610,702 | $7,910,282 | XML |
| 990 | September 2022 | $33,876 | $482,684 | $8,036,799 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 62-1652594).
Questions about COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE
- What is the EIN of COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE?
- The employer identification number (EIN) of COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE is 62-1652594.
- Is COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE 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 COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE?
- The 990 for the year ended September 30, 2025 names LAWRENCE YOUNG.
- Who are the officers and directors of COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE?
- The 990 for the year ended September 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $226,000 (LAWRENCE YOUNG, PRESIDENT/CE).
- How much revenue does COMMUNITY REUSE ORGANIZATION OF EAST TENNESSEE have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $486,897, expenses of $1,058,065 and total assets of $6,418,150 at year end.
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