2025-02-12T13:20:20-06:00 2024-09-30 621333840 BIBLE HARRIS SMITH PC 507 W CLINCH AVENUE KNOXVILLE TN 37902 990 2023-10-01 621158958 EAST TENNESSEE ECONOMIC DEVELOPMENT AGENCY INC EAST 8657773833 10215 TECHNOLOGY DRIVE 202 KNOXVILLE TN 37932 BRAD MAUL PRESIDENT AND CEO 8657773833 2025-02-11 1 1 HOLLY LEITNER P03257625 8655462300 2023 2025-03-06 01:10:19Z BRAD MAUL 10215 TECHNOLOGY DRIVE SUITE 202 KNOXVILLE TN 37932 2108908 0 X WWW.ETEDA.ORG X 1982 TN MARKETING AND PROMOTING A 15-COUNTY REGION OF EAST TENNESSEE 26 26 3 0 0 0 807510 783170 0 0 50714 152549 283458 544858 1141682 1480577 0 0 0 0 447952 576024 0 0 76707 264004 536055 711956 1112079 429726 368498 4610965 5137472 180937 128778 4430028 5008694 MARKETING AND PROMOTING A 15-COUNTY REGION OF EAST TENNESSEE 0 0 885140 ETEDA MARKETS THE REGION'S BUSINESS LOCATION ADVANTAGES TO NATIONAL AND INTERNATIONAL CORPORATE DECISION MAKERS AND INCREASES AWARENESS OF REGIONAL ISSUES THAT IMPACT ECONOMIC GROWTH 885140 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 3 1 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 1 0 TN X BRAD MAUL 8657773833 10215 TECHNOLOGY DRIVE SUITE 202 KNOXVILLE TN 37932 KENDALL BEAR MEMBER 0.10 X 0 0 0 GABRIEL BOLAS MEMBER 0.10 X 0 0 0 JARROD BRACKETT MEMBER 0.10 X 0 0 0 ALAN HILL MEMBER 0.10 X 0 0 0 SHANNON LITTLETON MEMBER 0.10 X 0 0 0 GLENN JACOBS MEMBER 0.10 X 0 0 0 JOEY SAULS MEMBER 0.10 X 0 0 0 DAVID REYNOLDS MEMBER 0.10 X 0 0 0 ALLEN ROBBINS MEMBER 0.10 X 0 0 0 JOE CARROLL MEMBER 0.10 X 0 0 0 DAVID CROSS MEMBER 0.10 X 0 0 0 TERRY FRANK MEMBER 0.10 X 0 0 0 ERIC HICKS MEMBER 0.10 X 0 0 0 RYAN TRENTHAM MEMBER 0.10 X 0 0 0 MICHAEL WILLIFORD MEMBER 0.10 X 0 0 0 CANDACE VANASDALE MEMBER 0.10 X 0 0 0 MIKE ODOM EX-OFFICIO MEMBER 0.00 X 0 0 0 BRYAN DANIELS EX-OFFICIO MEMBER 0.00 X 0 0 0 CHRISTINE MICHAELS EX-OFFICIO MEMBER 0.00 X 0 0 0 WES STOWERS MEMBER 0.10 X 0 0 0 DERRICK COLLINS MEMBER 0.10 X 0 0 0 JESSICA COOPER MEMBER 0.10 X 0 0 0 JEFF HARRIS MEMBER 0.10 X 0 0 0 REGINA KENNEDY MEMBER 0.10 X 0 0 0 JOHN PROFFITT MEMBER 0.10 X 0 0 0 GREG FAY CHAIR 0.20 X 0 0 0 HARRY GROSS MEMBER 0.20 X 0 0 0 LARRY WATERS CHAIR ELECT 0.20 X 0 0 0 BARBARA COPE DIRECTOR OF OPERATIONS 45.00 X 40750 0 0 BRAD MAUL PRESIDENT & CEO 45.00 X 232500 0 0 273250 0 0 1 0 1 0 0 783170 783170 52823 52823 728057 628331 99726 99726 99726 CHANGE IN BENEFICIAL A 541800 524389 524389 MISCELLANEOUS INCOME 900099 20469 20469 544858 1480577 120195 0 577212 253802 181445 43820 28537 200726 143501 34656 22569 55874 39944 9649 6281 32976 23575 5695 3706 32646 23339 5638 3669 22234 22234 15087 15087 2277 1599 415 263 37782 26530 6888 4364 1235 867 225 143 7526 7526 1240 871 226 143 9052 6356 1650 1046 LOCAL FUNDS EXPENDITURE 336509 336509 SITE CONSULTANTS 35203 35203 BUSINESS TARGET INITIAT 21043 21043 MATERIALS 14506 14506 32361 22326 4049 5986 1112079 885140 150232 76707 125089 58050 317417 162731 6060 6060 4120 3935 144491 48844 138686 95647 1408503 1675570 2611090 3135479 4610965 5137472 33875 31115 147062 97663 180937 128778 X 4430028 5008694 4430028 5008694 4610965 5137472 368498 210168 0 X X 0 1 X 1 0 X 664814 671371 839131 807510 783170 3765996 664814 671371 839131 807510 783170 3765996 3765996 64373 95660 67381 50714 52823 330951 88453 473784 -391832 283459 544858 998722 5095669 0.73910 0.81100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2611090 524389 3135479 2327631 283459 2611090 2719463 -391832 2327631 2245679 473784 2719463 2033714 211965 2245679 1.00000 1 0 36352 32944 3408 108139 15900 92239 95647 BENEFICIAL INT. IN ASSETS 3135479 3135479 OPERATING LEASE OBLIGATION 97663 97663 X 1675658 210168 210168 1465490 15087 15087 1480577 1096992 0 1096992 15087 15087 1112079 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS WILL BE USED TO FURTHER SERVE THE EAST TENNESSEE COMMUNITY BY MARKETING THE REGION'S BUSINESS LOCATION ADVANTAGES TO NATIONAL AND INTERNATIONAL CORPORATE DECISION MAKERS. PART X, LINE 2: INCOME TAX STATUS - ETEDA IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS AS THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME. EFFECTIVE OCTOBER 1, 2009, THE ORGANIZATION ADOPTED THE AUTHORITATIVE GUIDANCE FOR THE UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED SEPTEMBER 30, 2024, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY AFFECT ON ITS TAX-EXEMPT STATUS. AS OF SEPTEMBER 30, 2024, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2021 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ORGANIZATION FILES TAX RETURNS. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX IF ANY, IN INCOME TAX EXPENSE. AS OF SEPTEMBER 30, 2024, THE ORGANIZATION HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. X 0 0 0 0 0 0 0 0 0 BRAD MAUL PRESIDENT & CEO 220500 0 0 0 12000 0 0 0 0 0 232500 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS SENT TO THE DIRECTOR, WHO THEN GETS APPROVAL FROM THE PRESIDENT AND CEO, BEFORE SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ANNUAL REMINDERS AND EDUCATION OF OFFICERS, DIRECTORS, TRUSTEES AND/OR KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE ORGANIZATION, HAS AN ANNUAL SALARY REVIEW IN WHICH THE BOARD OFFICERS DETERMINE HIS/HER COMPENSATION BASED ON INDUSTRY NORMS AND SALARIES OF INDIVIDUALS IN A SIMILAR POSITION AT SIMILAR ORGANIZATIONS. THE DIRECTOR OF OPERATIONS HAS AN ANNUAL SALARY REVIEW AND THE PRESIDENT DETERMINES HIS/HER SALARY BY RESEARCHING COMPARABLE POSITIONS AT COMPARABLE ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE DOCUMENTS TO ANY MEMBER OF THE PUBLIC AS REQUIRED UNDER FEDERAL OR STATE LAW. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S AUDIT COMMITEE IS MADE UP OF MANAGEMENT WHOM ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AS WELL AS SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT POLICY NOR HAS IT CHANGED ITS SELECTION POLICY DURING THE TAX YEAR.