Overview
What is Tellico Reservoir Dev Agency?
Tellico Reservoir Development Agency is a nonprofit organization situated in Vonore, Tennessee. Established over four decades ago in 1982, its primary mission is to foster comprehensive growth in the Tellico Reservoir project area. The agency has successfully attracted 19 manufacturing, distribution, and commercial service businesses to Tellico West. Its primary activity involves devising and implementing plans to promote the overall development of the region. The agency operates with a team of 19 dedicated individuals, contributing to the economic and industrial growth of the Tellico Reservoir Project Area.
Official website here: www.tellico.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 88%, Three-Star out of Four Star rating.
The Tellico Reservoir Development Agency has achieved a commendable Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. With an overall score contingent solely on the Accountability & Finance beacon, the agency demonstrates robust financial health and governance practices.
Strengths include a fully independent board, a low material diversion of assets, and strong scores in various financial metrics, such as a program expense ratio of 82.93%. The organization's commitment to transparency is evident through its adherence to good governance practices, such as having an audit and oversight committee in place.
However, it is worth noting the absence of a whistleblower policy, which may raise concerns about internal oversight mechanisms. Overall, while the agency shows strong financial accountability, there is room for improvement in governance policies to bolster its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Tellico Reservoir Dev Agency legitimate?
Tellico Reservoir Dev Agency is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tellico Reservoir Dev Agency submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $202,437
Professional Fundraising Fees: $0
Other Salaries and Wages: $572,077
For more financial information, click here
Official website here: www.tellico.com
What is the mission statement of Tellico Reservoir Dev Agency?
The Tellico Reservoir Development Agency's mission is centered around developing and implementing comprehensive plans for the advancement of a specific project area. Their primary objective is to foster the growth of various industries within this project zone, as demonstrated by their successful recruitment of 19 manufacturing and distribution companies, and 10 commercial service businesses since 1982. In essence, their role is to orchestrate the overall development of the project area, aiming to attract and support businesses within it.
Official website here: www.tellico.com
Who is the CEO of Tellico Reservoir Dev Agency?
Bryan Hall is the Board Member of Tellico Reservoir Dev Agency.
Official website here: www.tellico.com
What is the revenue of Tellico Reservoir Dev Agency?
Tellico Reservoir Dev Agency's revenue in 2022 was $4,452,112.
Official website here: www.tellico.com
Who are the executives of Tellico Reservoir Dev Agency and what are their salaries?
The average compensation at Tellico Reservoir Dev Agency during 2022 was $40,764. There are 19 employees at Tellico Reservoir Dev Agency.
Here are 11 key members and their salaries:
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- Compensation: $89,351
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- Compensation: $113,085
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Official website here: www.tellico.com
Where can I find the form 990 for Tellico Reservoir Dev Agency?
Tellico Reservoir Dev Agency's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tellico.com
Learn more at the official website: www.tellico.com
Mission Statement of Tellico Reservoir Dev Agency
The Tellico Reservoir Development Agency is dedicated to designing and implementing comprehensive plans for the development of the Tellico Reservoir project area. This mission encompasses the recruitment and establishment of various industries, specifically manufacturing and distribution companies, as well as commercial service businesses, within the Tellico West region since 1982. The agency's initiatives aim to stimulate economic growth and foster industrial development within the designated project area.
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Impact
July, 2024
Tellico Reservoir Development Agency has had a significant impact on the comprehensive development of the Tellico Reservoir project area in Vonore, Tennessee. Since 1982, the agency has played a vital role in the industrial development program by successfully recruiting 19 manufacturing and distribution companies as well as 10 commercial service businesses to Tellico West. This has not only created job opportunities for the local community but has also contributed to the economic growth and prosperity of the region. The agency's efforts have been instrumental in improving the overall quality of life in the area and driving community improvement initiatives.
This information is meant to be a general summary of Tellico Reservoir Dev Agency. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $790,585
- Program Service Revenue: $3,433,978
- Gross Receipts: $4,497,390
Assets and Liabilities:
- Total Assets: $28,907,540
- Total Liabilities: $8,461,599
- Net Assets: $20,445,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAMPGROUND FEES
Revenue
$1,566,486
WASTEWATER TREATMENT FEES
Revenue
$718,287
BUILDING PERMIT FEES
Revenue
$583,338
LAND LEASES
Revenue
$476,985
LICENSING FEES
Revenue
$76,064
Organization Details
Founding Year
1982
Phone
(865) 673-8599Principal Officer
Bryan Hall
Main Address
165 DEER CROSSING, VONORE, TN, 37885
Website
www.tellico.comNTEE Category
Code: S300 - Community improvement
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