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The Development Corporation Of Knox County

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

EIN: 581966772 ✦ Knoxville, TN ✦ Designated as a 501(c)(3)

Overview

What is The Development Corporation Of Knox County?

The Development Corporation of Knox County is a nonprofit organization situated in Knoxville, Tennessee. Its primary mission is to facilitate long-term business development in the area by managing and allocating land and resources strategically. The corporation achieves this goal by collaborating with potential businesses, creating location opportunities, assisting existing businesses with land and training needs, fostering entrepreneurial job creation, and managing the Knox County Business Incubator, Fairview Technology Center. The Development Corporation also manages several quasigovernmental boards, contributing to job retention and growth, capital investment in Knox County, and special projects aimed at benefiting the county's citizens. In addition to these activities, the corporation currently owns and develops several business parks, such as Midway Business Park and Karns Valley Business Park, and manages properties like the Centerpoint Business Park and Eastbridge Business Park to attract new businesses and support the expansion of existing ones.


Official website here: www.knoxdevelopment.org

Is The Development Corporation Of Knox County legitimate?

The Development Corporation Of Knox County is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Development Corporation Of Knox County 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,508

For more financial information, click here


Official website here: www.knoxdevelopment.org

What is the mission statement of The Development Corporation Of Knox County?

The Development Corporation of Knox County serves to represent its area strategically, promoting long-term quality business development. This is accomplished by collaborating with interested businesses, creating business and industrial location opportunities, assisting existing businesses with land and training needs, and fostering entrepreneurial job creation. The corporation manages Knox County's business incubator, the Fairview Technology Center, and ensures the allocation of resources for enhancing the long-term economic climate. Their primary goal is to contribute positively to the economic growth and development of the community.


Official website here: www.knoxdevelopment.org

Who is the CEO of The Development Corporation Of Knox County?

Mike Odom is the Vice Chairman of The Development Corporation Of Knox County. The CEO's salary of The Development Corporation Of Knox County is $0 and their total compensation is $0.


Official website here: www.knoxdevelopment.org

What is the revenue of The Development Corporation Of Knox County?

The Development Corporation Of Knox County's revenue in 2022 was $1,693,343.


Official website here: www.knoxdevelopment.org

Who are the executives of The Development Corporation Of Knox County and what are their salaries?

The average compensation at The Development Corporation Of Knox County during 2022 was $46,377. There are 4 employees at The Development Corporation Of Knox County.

Here are 15 key members and their salaries (The Development Corporation Of Knox County's CEO's salary is $0 and their total compensation is $0):

    M Douglas Campbell Jr (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Biggs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George H Heins Iii (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nancy Barger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carolyn Fairbank (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Indya Kincannon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Louise Frazier (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn Jacobs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Courtney Durrett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William F Fox (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richie Beeler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Mosley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mayor Ron Williams (Director - Non Voting)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Odom (President & Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.knoxdevelopment.org

    Where can I find the form 990 for The Development Corporation Of Knox County?

    The The Development Corporation Of Knox County’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.knoxdevelopment.org

    Learn more at the official website: www.knoxdevelopment.org

    Mission Statement of The Development Corporation Of Knox County

    The Development Corporation of Knox County, a key representative for the greater Knoxville area, is committed to strategically promoting long-term quality business development. Its mission involves managing and allocating land and resources in a manner that encourages the growth of businesses and industries. The organization works collaboratively with interested businesses, creating opportunities for business and industrial locations. Additionally, it assists existing businesses with land and training needs, fostering entrepreneurial job creation. The Development Corporation of Knox County oversees the management of Knox County's Business Incubator, Fairview Technology Center, ensuring the allocation of resources for the enhancement of the long-term economic climate for Knoxville and Knox County.

    Impact

    This information is meant to be a general summary of The Development Corporation Of Knox County. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Development Corporation of Knox County plays a crucial role in promoting long-term quality business development in the Greater Knoxville area. By managing and allocating land and resources strategically, the corporation helps create opportunities for new businesses, facilitates the expansion of existing businesses, and fosters entrepreneurial job creation. Additionally, TDC owns and manages various business parks and properties, providing essential support for economic growth in Knox County. Through its programs and services, the corporation aims to attract capital investment, drive job creation, and enhance the economic climate of Knoxville and Knox County, ultimately contributing to the community's overall improvement.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $487,117
  • Program Service Revenue: $334,427
  • Gross Receipts: $2,082,995

    • Assets and Liabilities:
  • Total Assets: $44,037,892
  • Total Liabilities: $685,009
  • Net Assets: $43,352,883
  • Programs

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

    RENTAL AND MANAGEMENT

    Revenue

    $334,427

    Organization Details

    Founding Year

    1991

    Principal Officer

    Mike Odom

    Main Address

    17 MARKET SQUARE 201, KNOXVILLE, TN, 379021405

    NTEE Category

    Code: S31Z - Community improvement

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