Sevier County Economic Development Council

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621304987 ✦ Sevierville, TN ✦ Designated as a 501(c)(6)

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Overview

What is Sevier County Economic Development Council?

The Sevier County Economic Development Council is a nonprofit organization situated in Sevierville, Tennessee, with an address at 321 Court Avenue, TN-37862. Its main objective is to foster a conducive environment for businesses and industries to establish in Sevier County, Tennessee. This is achieved by coordinating efforts between governmental bodies and the private sector. The council provides assistance to companies in identifying suitable locations for their facilities. Its mission is twofold: firstly, to create, retain, and invest in wealth to generate high-quality job opportunities for the residents of Sevier County. Secondly, to maintain and improve the quality of life for the community's people. With a workforce of 8 individuals, the Sevier County Economic Development Council plays a significant role in driving economic growth and development in the region.


Official website here: www.scedc.com

Is Sevier County Economic Development Council legitimate?

Sevier County Economic Development Council is a legitimate nonprofit organization registered as a 501(c)(6) entity. Sevier County Economic Development Council 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: $133,759
Professional Fundraising Fees: $0
Other Salaries and Wages: $269,961

For more financial information, click here


Official website here: www.scedc.com

What is the mission statement of Sevier County Economic Development Council?

The Sevier County Economic Development Council's mission is centered around creating, retaining, and investing wealth to generate high-quality job opportunities for the local residents. By utilizing financial resources, the council aims to not only foster economic growth but also enhance the quality of life for the people residing in the area. The council plays a pivotal role in coordinating activities between the governmental and private sectors, with a focus on attracting businesses and industries to the region. This involves providing assistance to companies in selecting suitable sites for their facilities, thereby contributing to the overall economic development and prosperity of the community.


Official website here: www.scedc.com

Who is the CEO of Sevier County Economic Development Council?

Kenneth Allen Newton is the Executive Di of Sevier County Economic Development Council.


Official website here: www.scedc.com

What is the revenue of Sevier County Economic Development Council?

Sevier County Economic Development Council's revenue in 2022 was $655,925.


Official website here: www.scedc.com

Who are the executives of Sevier County Economic Development Council and what are their salaries?

The average compensation at Sevier County Economic Development Council during 2022 was $50,465. There are 8 employees at Sevier County Economic Development Council.


Here are 16 key members and their salaries:


Kenneth Allen Newton (Executive Di)
  • Compensation: $112,663
  • Related: $0
  • Other: $21,096
Matt Ballard (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patricia Bible (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bobby Castle (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rick Harrell (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Buddy Heins (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alan Hill (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Holiman (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Hunter (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brenda Mccroskey (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bud Ogle (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chad Reagan (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Robbins (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Treadway (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Waters (Vice-Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Watts (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.scedc.com

Where can I find the form 990 for Sevier County Economic Development Council?

Sevier County Economic Development Council's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.scedc.com

Learn more at the official website: www.scedc.com

Mission Statement of Sevier County Economic Development Council

The Sevier County Economic Development Council, a notable organization, is committed to creating, retaining, and investing wealth with the primary objective of generating quality job opportunities for the residents of Sevier County. This mission is driven by the desire to enhance and improve the quality of life for the community's people. The council accomplishes this by coordinating activities between the public and private sectors, with a focus on attracting businesses and industries to Sevier County, Tennessee. Furthermore, the council provides assistance to companies in selecting suitable sites for their facilities, thereby contributing to the economic growth and prosperity of the region.

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Impact




October, 2024

The Sevier County Economic Development Council significantly impacts the local economy by creating, retaining, and investing wealth, which fosters quality job opportunities for residents. By focusing on the coordination of governmental and private sector activities, the Council attracts businesses and industries to the area, enhancing economic diversity and stability.

Through its efforts in aiding companies with site selection for their facilities, it plays a pivotal role in ensuring that businesses can thrive in the region. This not only contributes to job creation but also supports the overall improvement of the quality of life for the community. The Council's initiatives help cultivate a robust economic environment, benefiting both current residents and future generations in Sevier County.




This information is meant to be a general summary of Sevier County Economic Development Council. 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.

Revenue
$655,925 (2022)
Expenses
$615,852 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $75
  • Program Service Revenue: $186,208
  • Gross Receipts: $655,925

Assets and Liabilities:

  • Total Assets: $444,803
  • Total Liabilities: $185,239
  • Net Assets: $259,564

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MANAGEMENT FEES

Revenue

$117,040

SHIP MEMBERSHIP FEES

Revenue

$27,450

RIDA

Revenue

$15,928

SHIP TUITION FEES

Revenue

$14,690

SHIP ADMINISTRATIVE FEE

Revenue

$11,100

Organization Details

Founding Year

1986

Principal Officer

Kenneth Allen Newton

Main Address

321 COURT AVENUE, SEVIERVILLE, TN, 37862

NTEE Category

Code: S30 - Community improvement

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