EIN 58-1966772

Development Corporation of Knox County (TDC)

IRS 501(c) type
501(c)(3)
Num. employees
1
Year formed
1991
Most recent tax filings
2023-06-01
Description
The Development Corporation of Knox County (TDC) was established in 1991 as a private, economic development organization. To promote and stimulate economic and community development within and on behalf of Knox County, Tennessee.
Total revenues
$632,758
2023
Total expenses
$2,119,012
2023
Total assets
$42,516,150
2023
Num. employees
1
2023

Program areas at TDC

Tdc is charged with The responsibility of ensuring that Knox County has land resources available for potential prospects. Tdc currently owns or manages acreage at centerpoint business park (approximately 6 acres), eastbridge business park (approximately 195 developable acres), westbridge business park (approximately 10 acres), pellisippi corporate center (approximately 77 developable acres), hardin business park (approximately 12 developable acres), karns valley business park (approximately 82 developable acres), and midway business park (approximately 337 acres). Tdc makes this land available to new businesses or for The expansion of existing businesses in accordance with its exempt purpose. Tdc is continually looking for land to purchase for future business parks. Key components of this service include property Development, management, and marketing and sale of properties. Tdc additionally owns approximately 68 acres north of karns high school and is currently working on The Development of this property into karns valley business park. The programs, services and activities that The Corporation undertakes and/or manages are aimed at facilitating capital investment and job creation in Knox County. In addition to The activities and programs The tdc has under its direct purview, it also provides staff and management services to several quasi-governmental boards that also provide unique programs and services on The County and city's behalf to promote job retention and growth, increasing capital investment in Knox County, and undertaking special projects for The benefit of The citizens of Knox County.

Personnel at TDC

NameTitleCompensation
Mike OdomPresident and Chief Executive Officer$0
Todd NapierFormer President and Chief Executive Officer$168,187
Robin HoltDirector of$91,276

Financials for TDC

RevenuesFYE 06/2023
Total grants, contributions, etc.$410,548
Program services$215,483
Investment income and dividends$6,727
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$632,758

Form 990s for TDC

Fiscal year endingDate received by IRSFormPDF link
2023-062024-06-07990View PDF
2022-062023-05-12990View PDF
2021-062022-05-16990View PDF
2020-062021-05-25990View PDF
2019-062021-02-09990View PDF
...and 9 more Form 990s
Data update history
July 6, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 3, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 6, 2023
Used new vendors
Identified 2 new vendors, including , and
May 6, 2023
Updated personnel
Identified 3 new personnel
August 22, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
Political advocacyState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
17 Market Sq 201
Knoxville, TN 37902
Metro area
Knoxville, TN
County
Knox County, TN
Website URL
knoxdevelopment.org/ 
Phone
(865) 546-5887
IRS details
EIN
58-1966772
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1991
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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