Cocke County Partnership INC

Not tax-deductible

Newport, TN501(c)(6)Since 1981Community DevelopmentEIN 20-1781655Revenue $1.0M in FY2024

On file with the IRSedcncctn.com115 Mulberry St Ste 200, 37821-3575 · Newport, TNTax-exempt since Nov 2024

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To enhance the quality of life & place economic climate of Cocke County through business recruitment, business retention adn community development.

38¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
6 mo
of spending, in cash
Looks good: 6.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $245K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.0M
Spent
$849K
To programs
38%
Net assets
$469K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Revoked Nov 2023, reinstated. IRS ruling Nov 2024, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Nov 2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $321K Management & general 61% · $521K Fundraising 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Cocke County Partnership INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Cocke County Partnership INC is a business league or trade association based in Newport, TN, formed in 1981.

Questions for Cocke County Partnership INC

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Provided by the organization

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1 program · in their own filed words · FY2024
01

To enhance the quality of life and place economic cliamte of cocke county through business, recruitment, business retention and community development.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$245K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.0M
Ln 12
Other incomeLn 4–11$578K
Gifts and grantsLn 1h$469K
Money outPt IX
$849K
Ln 25
Programscol B$321K
Managementcol C$521K
Fundraisingcol D$7K
Owns and owesPt X
$469K
net assets · Ln 32
Cash and savingsLn 1–2$461K
Total assetsLn 16$482K
LiabilitiesLn 26$13K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$469K
Government grantsLn 1e$352K
Fundraising eventsLn 1c$22K
Other incomeLn 4–11$578K
Total revenueLn 12$1.0M
Assets in detailPt X, end of year
CashLn 1$461K
Cash and savings togetherLn 1–2$461K
Other assetsLn 15$14K
Total assetsLn 16$482K
LiabilitiesLn 26$13K
Net assetsLn 32$469K
OperationsPt I, VI
EmployeesI 510
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.1M$461K
Total assetsLn 16$1.2M$482K
LiabilitiesLn 26$69K$13K
Net assetsLn 32$1.1M$469K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$159K$159K
Other salaries and wagesLn 7$333K$333K
Pension plan contributionsLn 8$24K$24K
Other employee benefitsLn 9$13K$13K
Payroll taxesLn 10$35K$35K
Legal feesLn 11b$19K$19K
Accounting feesLn 11c$18K$18K
Other fees for servicesLn 11g$446$446
Advertising and promotionLn 12$96K$94K$2K
Office expensesLn 13$13K$3K$10K
Information technologyLn 14$37K$37K
OccupancyLn 16$10K$10K
TravelLn 17$8K$8K
Conferences, conventions and meetingsLn 19$8K$5K$3K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$60K$51K$5K$5K
Total functional expensesLn 25$849K$321K$521K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.0M$849K$198K$469K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $1,046,723 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,192,666$468,567
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $1,312,128$578,156
I-12 Total revenuePrior year $2,504,794$1,046,723
I-13 Grants and similar amounts paidPrior year $134,678$159,499
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $530,764$403,937
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,447,900$285,593
I-18 Total expensesPrior year $2,113,342$849,029
I-19 Revenue less expensesPrior year $391,452$197,694
Part VI · Governance 14 of 14 board members independent, 2 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,046,723 across 6 lines filed
VIII-1b Membership dues$94,806
VIII-1c Fundraising events$21,804
VIII-1e Government grants$351,957
VIII-1h Total contributions, gifts and grants$468,567
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $578,156$578,156
VIII-12 Total revenueRelated to mission $578,156$1,046,723
Part IX · Statement of functional expenses $849,029 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $159,499$159,499
IX-7 Other salaries and wagesManagement $332,756$332,756
IX-8 Pension plan contributionsManagement $23,789$23,789
IX-9 Other employee benefitsManagement $12,728$12,728
IX-10 Payroll taxesManagement $34,664$34,664
IX-11b Legal feesManagement $18,521$18,521
IX-11c Accounting feesManagement $18,134$18,134
IX-11g Other fees for servicesManagement $446$446
IX-12 Advertising and promotionPrograms $94,064 · Fundraising $2,050$96,114
IX-13 Office expensesPrograms $3,183 · Management $9,608$12,791
IX-14 Information technologyManagement $37,462$37,462
IX-16 OccupancyManagement $9,952$9,952
IX-17 TravelPrograms $7,982$7,982
IX-19 Conferences, conventions and meetingsPrograms $5,042 · Management $3,054$8,096
IX-23 InsuranceManagement $15,598$15,598
IX-24 Other expenses (24a–d)Programs $51,165 · Management $4,632 · Fundraising $4,700$60,497
IX-25 Total functional expensesPrograms $320,935 · Management $521,344 · Fundraising $6,750$849,029
Part X · Balance sheet $481,517 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $1,110,630$461,042
X-3 Pledges and grants receivableStart of year $54,669$5,987
X-15 Other assetsStart of year $14,488$14,488
X-16 Total assetsStart of year $1,179,787$481,517
X-17 Accounts payable and accrued expensesStart of year $10,697$821
X-25 Other liabilitiesStart of year $58,460$12,161
X-26 Total liabilitiesStart of year $69,157$12,982
X-32 Total net assets or fund balancesStart of year $1,110,630$468,535
X-33 Total liabilities and net assetsStart of year $1,179,787$481,517
Part XI · Reconciliation of net assets $468,535 net assets at year end
XI-1 Total revenue$1,046,723
XI-2 Total expenses$849,029
XI-3 Revenue less expenses$197,694
XI-4 Net assets at start of year$1,110,630
XI-9 Other changes in net assets−$839,789
XI-10 Net assets at end of year$468,535

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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