Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1984.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
84 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
4 people listed on the 990.
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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 15aYes
Programs and updates
Helps local businesses start and grow.
This section is blank until Knox County Development Corporation claims this page.
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To promote and encourage the economic and industrial development of knox county
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By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $2.5M | $2.4M |
| Land, buildings, equipmentLn 10c | $3.1M | $2.8M |
| Total assetsLn 16 | $5.6M | $5.2M |
| LiabilitiesLn 26 | $2K | $0 |
| Net assetsLn 32 | $5.6M | $5.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $287K | $218K | $55K | $14K |
| Pension plan contributionsLn 8 | $9K | $6K | $2K | $427 |
| Payroll taxesLn 10 | $22K | $17K | $4K | $1K |
| Legal feesLn 11b | $14K | $3K | $10K | |
| Accounting feesLn 11c | $5K | $1K | $4K | |
| Advertising and promotionLn 12 | $392K | $392K | ||
| Office expensesLn 13 | $16K | $4K | $11K | $806 |
| Information technologyLn 14 | $2K | $1K | $360 | $90 |
| OccupancyLn 16 | $26K | $24K | $2K | $122 |
| TravelLn 17 | $7K | $6K | $1K | |
| Conferences, conventions and meetingsLn 19 | $7K | $1K | $4K | $1K |
| InsuranceLn 23 | $12K | $12K | ||
| Other expenses (24a–d)Ln 24 | $21K | $19K | $3K | |
| All other expensesLn 24e | $3K | $2K | $1K | |
| Total functional expensesLn 25 | $824K | $695K | $110K | $18K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $393K | $824K | −$431K | $5.2M | 990 PDF |
| FY2023 | $611K | $505K | $106K | $5.6M | 990 PDF |
| FY2022 | $539K | $516K | $23K | $5.5M | 990 PDF |
| FY2021 | $519K | $898K | −$380K | $5.5M | 990 PDF |
| FY2020 | $465K | $1.1M | −$628K | $5.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $393,314 across 9 lines filed
Part IX · Statement of functional expenses $824,156 across 14 lines filed
Part X · Balance sheet $5,194,208 assets, 7 lines filed
Part XI · Reconciliation of net assets $5,194,208 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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