East Tennessee Economic Council INC EIN 62-1680075

East Tennessee Economic Council INC

EIN  62-1680075 Business league / trade association Oak Ridge, TN
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until East Tennessee Economic Council INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Promotes regional economic development and business growth in the Knoxville and Oak Ridge areas of East Tennessee.
Leadership
Tracy Boatner · President · $158K
Money in and out
$951K revenue, $870K expenses
Bottom line
+8% operating surplus

Promotes regional economic development and business growth in the Knoxville and Oak Ridge areas of East Tennessee. For fiscal year 2025 it reported $951K in revenue, $870K in expenses, and $395K in net assets.Pt I

Membership & operating revenue · FY2025
Total revenue
$951K
Pt VIII · Ln 12
Total expenses
$870K
Pt IX · Ln 25
Net assets
$395K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $81K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Operating surplus
+8%
revenue over expenses▲ +376% vs prior filing year
Earned revenue
64%
of revenue from program services & dues▲ +66% vs prior filing year
Payroll share
50%
of spending is salaries & benefits▼ -36% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$951K
FY2025▲ +88%
Expenses
$870K
FY2025▲ +76%
Total assets
$395K
FY2025▲ +22%
Total liabilities
$0
FY2025▼ -100%
Total revenue
$951K
Pt VIII · Ln 12
Total expenses
$870K
Pt IX · Ln 25
Net assets
$395K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$81K
Total assetsPt X · Ln 16$395K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 359
Independent voting membersPt I · Ln 459
Mission & Programs · Part III

Where the work happens

1 program service account for $733K of program spending, described in the organization's own filed words · FY2024.
01

Provided support of regional development of the knoxville and oak ridge area of east tennessee.

$733Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEast Tennessee Economic Council INC
EINHdr · item D62-1680075
Principal addressHdr · item COak Ridge, TN
WebsiteHdr · item Jwww.eteconline.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFFeb 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a59
Independent voting membersPt VI · Ln 1b59
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$158,354Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tracy Boatner’s $158K as President is at the 92nd percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2020
Jim Campbell$165,000$158,760
Tracy Boatner$158,354$140,483$113,959

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See East Tennessee Economic Council INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Program service revenue$613K · 64%
Contributions & grants$330K · 35%
Investment income$8K · 1%
Program service revenue64%$613K
Contributions & grants35%$330K
Investment income1%$8K
Total revenueLn 12$951K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$733K
Management & general16%$137K
Total functional expensesLn 25$870K

Balance Sheet

Part X · end of year
CashLn 1$395K
Total assetsLn 16$395K
Total liabilitiesLn 26$0
Total net assetsLn 32$395K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $395K · Operating expenses/yr $870K
5.5 months
Where the money goes
Program services
Program services $733K · Total expenses $870K
84%
Management & General
Management & general $137K · Total expenses $870K
16%
Fundraising
Fundraising $0 · Total expenses $870K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $304K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $330K · Total revenue $951K
35%
Government reliance
Government grants — · Total revenue $951K
Earned-income share
Program service revenue $613K · Total revenue $951K
64%
Investment reliance
Investment income $8K · Total revenue $951K
+1%
Program self-sufficiency
Program service revenue $613K · Total expenses $870K
70%
Growth & trend
Revenue growth (YoY)
This year $951K · Prior year $505K
+88%
Revenue CAGR
FY2020 $343K · FY2024 $951K
+29%
Net-asset trend (YoY)
End of year $395K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $951K · Expenses $870K
+8%
Liabilities-to-Assets
Total liabilities — · Total assets $395K
Net-asset ratio
Net assets $395K · Total assets $395K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $395K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Tracy Boatner · Reported title PRESIDENT · Highest reported compensation $158K · Total expenses $870K
18%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $437K · Total expenses $870K
50%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Fundraising cost ratio 0%
Revenue growth 88%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like East Tennessee Economic Council INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$951K revenue · viewing · ⤓ 990 PDF
FY2024$505K revenue · ⤓ 990 PDF
FY2023$443K revenue · ⤓ 990 PDF
FY2022$426K revenue · ⤓ 990 PDF
FY2021not on file
FY2020$343K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.