2025-11-13T13:53:15-06:00 2024-12-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2024-01-01 621278612 THE TENNESSEE RIVER GORGE TRUST INC TENN 4232660314 1214 DARTMOUTH STREET CHATTANOOGA TN 37405 ELIOT BERZ EXECUTIVE DIRECTOR 4232660314 2025-11-13 1 0 KAREN A CLEMENT CPA P00750546 4237567771 2025-10-22 2024 2025-03-06 01:10:19Z X ELIOT BERZ 1214 DARTMOUTH STREET CHATTANOOGA TN 37405 3894205 0 X WWW.TRGT.ORG X 1986 TN CONSERVATION AND EDUCATION 11 11 10 100 35710 0 4137583 1326490 361757 1223735 519913 817136 38592 461122 5057845 3828483 0 0 0 0 509578 509311 0 0 77082 884237 1552107 1393815 2061418 3664030 1767065 24718580 26602488 81089 54207 24637491 26548281 TO CONSERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS. 0 0 597365 TO CONSERVE A HEALTHY TENNESSEE RIVER GORGE AS A COMMUNITY TREASURE FOR GENERATIONS. 1199564 1223735 TO PROMOTE ENVIRONMENTAL CONSERVATION AND REDUCE ATMOSPHERIC CARBON. 1796929 1 1 0 0 0 0 1 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 22 0 1 10 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X X THE ORGANIZATION 4232660314 1214 DARTMOUTH STREET CHATTANOOGA TN 37405 MOISE BAPTISTE DIRECTOR 1.00 X 0 0 0 EMMANUEL ESCOBAR DIRECTOR 1.00 X 0 0 0 HEATHER DEGAETANO DIRECTOR 1.00 X 0 0 0 KATIE DISHMAN DIRECTOR 1.00 X 0 0 0 ANDY RAMIREZ DIRECTOR 1.00 X 0 0 0 JIMMY SNEED DIRECTOR 1.00 X 0 0 0 ALESHA MANNING DIRECTOR 1.00 X 0 0 0 CHRISTINA THORESON SECRETARY 1.00 X 0 0 0 SCOTT SMITH BOARD CHAIR 1.00 X 0 0 0 MATT SEARS VICE CHAIR 1.00 X 0 0 0 JENNIFER AVERBACK TREASURY 1.00 X 0 0 0 ELIOT BERZ EXECUTIVE DIRECTOR 40.00 X 109598 0 0 109598 0 0 1 0 0 0 0 1326490 44050 1326490 ACE SMLLC 541900 1223735 1223735 1223735 817136 817136 41272 26681 14591 14591 14591 74751 39041 35710 35710 RENT AND ROYALTIES 110000 398714 398714 MISCELLANEOUS INCOME 110000 12107 12107 410821 3828483 1634556 35710 831727 X 109598 77814 24112 7672 313116 234108 59937 19071 8890 6312 1956 622 45663 30511 12144 3008 32044 20404 9628 2012 13887 13887 15645 15645 1183718 1183718 30315 30315 34226 4462 26573 3191 39360 31488 4723 3149 24402 24402 52832 26051 25661 1120 PROPERTY TAXES 73288 73288 COMMUNITY PARTNERSHIP 23217 23217 STEWARDSHIP SUPPLIES 19595 19595 UTILITIES 11397 9117 1368 912 30225 18555 5660 6010 2061418 1796929 187407 77082 120439 393659 41334 187601 196854 238753 7034797 2666 2666 18130778 740922 17322490 17389856 8389953 24718580 26602488 81089 54207 81089 54207 X 24584361 25812169 53130 736112 24637491 26548281 24718580 26602488 X 1767065 -26575 170300 X X 0 1 X 1 0 X 243507 616747 3399976 4137583 1282440 9680253 243507 616747 3399976 4137583 1282440 9680253 378433 9301820 122958 126134 245973 155012 817136 1467213 1160 1347 146772 4451 410811 564541 11712007 2644766 0.79420 0.88590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 17 1050.00 1 1 88.00 10000 1535686 5000 210139 44825 1706000 1371201 220242 55757 1535686 1681987 4597 -274855 40528 1371201 1510819 197128 25960 1681987 1247824 40536 222459 1510819 1.00000 0 0 17207107 17207107 614899 482616 132283 3550 3550 0 126792 126557 235 178430 128199 50231 17389856 X 2570812 -26575 65722 39147 2531665 1296818 1296818 3828483 915250 65722 65722 849528 1211890 1211890 2061418 PART X, LINE 2: THE TRUST FOLLOWS THE GUIDANCE OF FASB ASC TOPIC 740, INCOME TAXES "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES". BASED ON MANAGEMENT'S ASSESSMENT, THE TRUST HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR DISCLOSURE IN ITS FINANCIAL STATEMENTS. THE TRUST'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED DECEMBER 31, 2021 THROUGH DECEMBER 31, 2024, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF DECEMBER 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING 39,041. RENTAL 26,681. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACE SMLLC 1,296,818. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING 39,041. RENTAL 26,681. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACE SMLLC 1,211,890. PART II, LINE 9 - ACCOUNTING FOR CONSERVATION EASEMENTS EXPENSES TO PURCHASE OR MONITOR CONSERVATION EASEMENTS ARE EXPENSED IN THE YEAR THEY OCCUR. THE TENNESSEE RIVER GORGE TRUST HAS ACQUIRED EASEMENTS ON 1,050 ACRES SINCE ITS INCEPTION AT A COST OF $17,207,107. SOME EASEMENTS HAVE BEEN DONATED. PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS THE BOARD RESTRICTED FUND'S INTENDED USE IS TO PROVIDE INVESTMENT INCOME TO HELP SUPPORT THE CONTINUED OPERATIONS OF THE ORGANIZATION. ANOTHER GORGEOUS EVENING 66537 66537 38917 CHATTAJACK 8214 8214 124 74751 74751 39041 39041 35710 X EQUIPMENT 1 25000 FMV X ADVERTISING 1 11550 FMV X EVENT SPACE 1 7500 FMV 0 1 0 PART I, COLUMN (B): CONTRIBUTED NONFINANCIAL ASSETS INCLUDE A PIECE OF EQUIPMENT WORTH $25,000, ADVERTISEMENTS WORTH $11,550, AND DONATED SPACE FOR A SPECIAL EVENT WITH A LEASE VALUE OF $7,500. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM AND REVIEWED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE 990. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY REVIEW CONFLICT OF INTEREST POLICY FOR COMPLIANCE. POLICIES ARE WRITTEN AND LOCATED IN BOARD MEMBER HANDBOOKS. THEY ARE REFERENCED AND FOLLOWED AS NECESSARY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS TAKES INTO ACCOUNT THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE WHEN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION. COMPARATIVE DATA WAS USED WHEN THE EXECUTIVE DIRECTOR WAS HIRED. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AUDIT REPORT, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT THE ORGANIZATION'S OFFICE. FORM 990, 990-T, AND AUDIT REPORT ARE AVAILABLE ON THE WEBSITE AND AT THE ORGANIZATION'S OFFICE UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 26,229. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,229. FORESTRY SERVICES: PROGRAM SERVICE EXPENSES 4,605. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,605. CARBON DEVELOPMENT SERVICES: PROGRAM SERVICE EXPENSES 1,127,221. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,127,221. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 25,663. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,663. FORM 990, PART IX, LINE 24E AUTOMOBILE MAINTENANCE: PROGRAM SERVICE EXPENSES 8,294. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,294. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 1,315. MANAGEMENT AND GENERAL EXPENSES 1,358. FUNDRAISING EXPENSES 5,551. TOTAL EXPENSES 8,224. BANK FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,302. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,302. TRAINING: PROGRAM SERVICE EXPENSES 2,535. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,535. CARBON OFFSET: PROGRAM SERVICE EXPENSES 2,211. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,211. VOLUNTEER APPRECIATION: PROGRAM SERVICE EXPENSES 1,709. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,709. TRAIL MAINTENANCE: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. MEALS: PROGRAM SERVICE EXPENSES 905. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 459. TOTAL EXPENSES 1,364. SPECIAL EVENTS: PROGRAM SERVICE EXPENSES 86. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86. FORM 990, PART XI, LINE 9: ACE SMLLC ASSET TRANSFER 170,300. FORM 990, PART XII, LINE 2C THE OVERSIGHT PROCESS AND SELECTION HAS NOT CHANGED DURING THE YEAR. THE CURRENT YEAR HAD AN AUDIT OF THE FINANCIAL STATEMENTS AS IN THE PRIOR YEARS. APPALACHIAN CARBON EXCHANGE LLC 1214 DARTMOUTH STREET CHATTANOOGA TN 37405 ENVIRONMENTAL CONSERVATION TN 255458 257208 THE TENNESSEE RIVER GORGE TRUST INC