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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$6.8M
Program Spending
87%
of total expenses go to program services
Total Contributions
$148.2K
Total Expenses
▼$3.9M
Total Assets
$190.1M
Total Liabilities
▼$180.7M
Net Assets
$9.5M
Officer Compensation
→$1M
Other Salaries
$400.1K
Investment Income
$508
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$6.2M
Awards Found
24
| Awarding Agency | Description | Amount | Fiscal Year | Period | Link |
|---|---|---|---|---|---|
| Department of the Treasury | CDFI RAPID RESPONSE PROGRAM AWARD | $1.8M | FY2021 | Jun 2021 – Aug 2023 | Open → |
| Department of Commerce | ADVANCED MANUFACTURING J | $1M | FY2013 | Oct 2012 – Apr 2014 | Open → |
| Department of Commerce | OZ INVESTMENT | $645.6K | — | — – — | Open → |
| Department of Agriculture | RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS | $261.5K | FY2009 | Jan 2009 – Jan 2009 | Open → |
| Department of Commerce | PLANNING AND LAUNCHING A TENNESSEE PROOF OF CONCEPT SEED FUND - TENNESSEED FUND | $250K | FY2015 | Apr 2015 – Sep 2018 | Open → |
| Department of Commerce | POWER PLNG ENTREPRENEU | $250K | FY2015 | Sep 2015 – Mar 2017 | Open → |
| Department of Energy | AMP! ADVANCED MANUFACTURING AND PROTOTYPE CENTER | $240K | FY2013 | Jan 2013 – Dec 2015 | Open → |
| Appalachian Regional Commission | BUSINESS TECHNICAL ASSISTANCE | $200K | FY2014 | Oct 2013 – Sep 2015 | Open → |
| Department of Commerce | IMCP PROJECT MANHATTAN | $200K | FY2013 | Sep 2013 – Mar 2015 | Open → |
| Department of Commerce | ECONOMIC DEVELOPMENT STR | $200K | FY2008 | Jun 2008 – Dec 2009 | Open → |
| Small Business Administration | CLUSTER GRANT | $167K | FY2012 | Sep 2012 – Sep 2013 | Open → |
| Small Business Administration | CLUSTER GRANT | $167K | FY2012 | Sep 2012 – Sep 2015 | Open → |
| Department of Health and Human Services | ADDRESSING THE FUNDING GAPS FOR EARLY CHILDCARE CENTERS | $150K | FY2024 | Sep 2024 – Sep 2026 | Open → |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $125K | — | — – — | Open → |
| Department of the Treasury | TECHNICAL ASSISTANCE AWARD | $125K | — | — – — | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN) | $100K | FY2017 | Aug 2017 – Aug 2019 | Open → |
| Department of Housing and Urban Development | EDI SPECIAL PROJECTS | $98K | FY2009 | Oct 2008 – Aug 2009 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC) | $61.8K | FY2023 | Sep 2023 – Sep 2025 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC) | $57.6K | FY2022 | Sep 2022 – Sep 2024 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN) | $49.3K | FY2021 | Sep 2021 – Sep 2023 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC) | $33.9K | FY2025 | Sep 2025 – Sep 2027 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN) | $16.6K | FY2024 | Sep 2024 – Sep 2026 | Open → |
| Department of Agriculture | SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC) | $9,861 | FY2021 | Sep 2021 – Sep 2023 | Open → |
| Appalachian Regional Commission | CONFERENCE | $5,000 | FY2008 | Mar 2008 – Apr 2008 | Open → |
Department of Agriculture
$261.5K
RURAL COOPERATIVE DEVELOPMENT INITIATIVE GRANTS
Department of Commerce
$250K
PLANNING AND LAUNCHING A TENNESSEE PROOF OF CONCEPT SEED FUND - TENNESSEED FUND
Department of Energy
$240K
AMP! ADVANCED MANUFACTURING AND PROTOTYPE CENTER
Department of Health and Human Services
$150K
ADDRESSING THE FUNDING GAPS FOR EARLY CHILDCARE CENTERS
Department of Agriculture
$100K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$61.8K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$57.6K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$49.3K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$33.9K
SEC. 6022 RMAP-RURAL MICRO DEVELOP ORGANIZATIONS GRANTS (DISC)
Department of Agriculture
$16.6K
SEC. 6022 RMAP-RURAL DEVELOP GRANTS (MAN)
Department of Agriculture
$9,861
SEC. 6022 RMAP-RURAL MICRO ASSISTANCE GRANTS (DISC)
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
2
Clean Audits
2
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2022 | Clean | Unmodified (Clean) | $2M | No | 2023-05-09 |
| 2021 | Clean | Unmodified (Clean) | $1.4M | No | 2022-05-11 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $6.8M | $148.2K | $3.9M | $190.1M | $9.5M |
| 2023 | $3.8M | $312.6K | $2.2M | $176.3M | $6.6M |
| 2022 | $3.5M | $1.2M | $1.7M | $128.7M | $5M |
| 2021 | $3.1M | $1.2M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Grady Vanderhoofven | President & CEO | 40 | $565.4K | $0 | $51.7K | $617.1K |
| Chris Miller | Chief Financial Officer | 40 | $264.1K | $0 | $35.2K | $299.4K |
| David Bradshaw | Chairman | 1 | $0 | $0 | $0 | $0 |
Grady Vanderhoofven
President & CEO
$617.1K
Hrs/Wk
40
Compensation
$565.4K
Related Orgs
$0
Other
$51.7K
Chris Miller
Chief Financial Officer
$299.4K
Hrs/Wk
40
Compensation
$264.1K
Related Orgs
$0
Other
$35.2K
David Bradshaw
Chairman
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Dennis Corley Director Of Small | Director, Lending & Investing | 40 | $174.8K | $0 | $30.5K | $205.3K |
Dennis Corley Director Of Small
Director, Lending & Investing
$205.3K
Hrs/Wk
40
Compensation
$174.8K
Related Orgs
$0
Other
$30.5K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Fred Tompkins | Director | 1 | $0 | $0 | $0 | $0 |
| L Ray Moncrief | Director | 1 | $0 | $0 | $0 | $0 |
| Marianne Wanamaker | Director | 1 | $0 | $0 | $0 | $0 |
Fred Tompkins
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
L Ray Moncrief
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Marianne Wanamaker
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $1.4M |
| $108.5M |
| $3.2M |
| 2020 | $1.9M | $266.5K | $1.2M | $86.9M | $1.5M |
| 2019 | $1.7M | $244K | $1.4M | $84M | $885.9K |
| 2018 | $979.1K | $309.8K | $844.3K | $66.1M | $569.3K |
| 2017 | $718.2K | $344.6K | $660.8K | $51.3M | $434.5K |
| 2016 | -$81K | $140.1K | $878.9K | $15.5M | $377.1K |
| 2015 | $1.6M | $615.6K | $1.8M | $1.6M | $1.3M |
| 2014 | $1.6M | $792.1K | $1.9M | $1.7M | $1.5M |
| 2013 | $2.8M | $615.7K | $2.9M | $2.1M | $1.8M |
| 2012 | $2M | $216.4K | $2.3M | $3.1M | $1.8M |
| 2011 | $3M | $97.9K | $3M | $3.4M | $2.1M |
| 2021 | 990 | Data |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |