Nonprofit · EIN 83-1520637
SKY CITY INITIATIVE
Tax-exempt · MARYVILLE, TN 37804
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $169,777 | $170,459 | -$682 | $48,140 | $0 | $48,140 |
| December 31, 2023 | 990 | $147,097 | $182,394 | -$35,297 | $49,522 | $700 | $48,822 |
| December 31, 2022 | 990 | $148,562 | $167,061 | -$18,499 | $79,825 | $706 | $79,119 |
| December 31, 2021 | 990 | $181,861 | $121,382 | $60,479 | $97,618 | $0 | $97,618 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $165,491
- of which government grants
- $75,000
- Membership dues
- $77,397
- Program service revenue
- $0
- Investment income
- $0
- Net income from fundraising events
- $4,286
- Other revenue
- $4,286
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $49,916
- Salaries, compensation and benefits (total)
- $53,662
- Professional fundraising fees
- $0
- Legal fees
- $750
- Occupancy
- $75,456
- Depreciation
- $4,298
- Program services (functional)
- $136,881
- Management and general (functional)
- $33,578
Balance sheet and other
- Total assets, start of year
- $49,522
- Total assets, end of year
- $48,140
- Total liabilities, end of year
- $0
- Net assets, end of year
- $48,140
- Land, buildings and equipment
- $6,446
- Net assets without donor restrictions
- $48,140
- Gross receipts
- $179,596
- Employees
- 1
- Volunteers
- 17
- Year formed
- 2019
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON BRYANT | EXECUTIVE DIRECTOR Trustee or director | 40 | $48,788 | $1,128 |
| LANE SHULER | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| JEREMY LADUKE | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| REGINA JENNINGS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MAELEA GALYON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| SUNNY TUNE | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DERRICK KNIGHT | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JOHN CLARK | DIRECTOR Trustee or director | 3 | $0 | $0 |
| EDWARD KENDRICK | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ROBYN MCCAMMON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ELIZABETH CUNNINGHAM | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHANNON BRYANT | EXECUTIVE DIRECTOR Trustee or director | 40 | $48,372 | $564 |
| JEREMY LADUKE | PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| LEIGH COWDEN | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| TAMMI FORD | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| ANNA GRAHAM | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ABHIJIT VEREKAR | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LANE SHULER | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2022: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RYAN GODDARD | DIRECTOR Trustee or director | 3 | $0 |
| TAMMI FORD | SECRETARY Trustee or director | 3 | $0 |
| SARALYN BANKS | TREASURER Trustee or director | 3 | $0 |
| BILL POPE | DIRECTOR Trustee or director | 3 | $0 |
| BRYAN JOHNSTON | DIRECTOR Trustee or director | 3 | $0 |
| ABHIJIT VEREKAR | DIRECTOR Trustee or director | 3 | $0 |
| JORGE CHAPARRO | DIRECTOR Trustee or director | 3 | $0 |
| RACHEL BUCHANAN | DIRECTOR Trustee or director | 4 | $0 |
| CAROLINE FONTINELL | DIRECTOR Trustee or director | 2 | $0 |
| SUZY BOOKER | VICE PRESIDENT Trustee or director | 2 | $0 |
| LANE SHULER | DIRECTOR Trustee or director | 4 | $0 |
| MARCUS BLAIR | PRESIDENT Trustee or director | 3 | $0 |
| BRETT MUSICK | DIRECTOR Trustee or director, Officer | 2 | $0 |
| JEREMY LADUKE | IMMEDIATE PAST PRESIDENT Officer | 5 | $0 |
990 for the year ended December 31, 2021: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCUS BLAIR | DIRECTOR Trustee or director | 3 | $0 |
| SUZY BOOKER | DIRECTOR Trustee or director | 2 | $0 |
| JOSHUA WAGONNER | DIRECTOR Trustee or director | 1 | $0 |
| BROOKE HEINESOHN | DIRECTOR Trustee or director | 2 | $0 |
| LAUREN EMERT | DIRECTOR Trustee or director | 1 | $0 |
| LANE SHULER | DIRECTOR Trustee or director | 4 | $0 |
| RACHEL BUCHANAN | DIRECTOR Trustee or director | 4 | $0 |
| DARREN HOWELL | DIRECTOR Trustee or director | 2 | $0 |
| KEVIN ROSS | DIRECTOR Trustee or director | 1 | $0 |
| JEREMY LADUKE | PRESIDENT Officer | 5 | $0 |
| CAROLINE FONTINELL | SECRETARY Officer | 2 | $0 |
| BRETT MUSICK | TREASURER Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 429 S WASHINGTON ST, MARYVILLE, TN 37804-5812
- Principal officer (990 for 2024)
- LANE SHULER, 429 S WASHINGTON ST, MARYVILLE, TN 37804
- Signed the 990
- LANE SHULER, PRESIDENT
- Phone
- (865) 567-1906
- Return prepared by
- JOHNSON HICKEY & MURCHISON PC
Mission
ATTRACT AND SUPPORT ENTREPRENEURS IN BLOUNT COUNTY TENNESSEE AND GIVE THEM THE TRAINING AND ASSISTANCE FOR SUCESS.
Program accomplishments
- 2024 ACHIEVEMENTS: CHANGED ENTREPRENEUR EDUCATION CIRRICULUM TO STARTING YOUR BUSINESS 101, OFFERING SHORTER, MORE ACCESSIBLE TIMEFRAME. THE FIRST COHORT OF THIS PROGRAM GRADUATED IN NOVEMBER 2024. GREW LAUNCHPAD PITCH CONTEST TO MORE ATTENDEES AND MORE CONTESTANTS THAN THE ORIGINAL. VISITED LOCAL SCHOOLS TO ENCOURAGE ENTREPRENEURSHIP IN YOUNG PEOPLE.Expenses $136,881 · revenue $169,777
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 83-1520637
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $48,140
- Income (IRS master file)
- $179,596
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $169,777 | $170,459 | $48,140 | IRS |
| 990 | December 2023 | $147,097 | $182,394 | $49,522 | XML |
| 990 | December 2022 | $148,562 | $167,061 | $79,825 | XML |
| 990 | December 2021 | $181,861 | $121,382 | $97,618 | XML |
| 990-EZ | December 2020 | – | – | – | 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 83-1520637).
Questions about SKY CITY INITIATIVE
- What is the EIN of SKY CITY INITIATIVE?
- The employer identification number (EIN) of SKY CITY INITIATIVE is 83-1520637.
- Is SKY CITY INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to SKY CITY INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SKY CITY INITIATIVE 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 SKY CITY INITIATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SKY CITY INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SKY CITY INITIATIVE?
- The 990 for the year ended December 31, 2024 names LANE SHULER.
- Who are the officers and directors of SKY CITY INITIATIVE?
- The 990 for the year ended December 31, 2024 lists 11 people; 1 received compensation from the organization, the highest $48,788 (SHANNON BRYANT, EXECUTIVE DIRECTOR).
- How much revenue does SKY CITY INITIATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $169,777, expenses of $170,459 and total assets of $48,140 at year end.
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All nonprofits in MARYVILLE · Tennessee · Community improvement and capacity building