2015-02-12T18:06:00-06:00 2014-06-30 521600059 DENT K BURK ASSOC PC PO BOX 129 BRISTOL VA 242030129 990 2013-07-01 620945243 SULLIVAN CTY ECONOMIC DEV COMMISSSION DBA NETWORKS - SULLIVAN PARTNERSHIP SULL 4232797681 PO BOX 747 BLOUNTVILLE TN 37617 MITCH WALTERS CHAIRMAN 4232797681 2015-02-11 1 GARY W ANDERSON P00197145 2766696171 2013 2016-02-25 16:41:14Z CLAY WALKER PO BOX 747 BLOUNTVILLE TN 37617 729411 0 X WWW.NETWORKSTN.COM X 1994 TN ECONOMIC DEVELOPMENT 24 24 0 0 0 0 0 716720 0 0 0 107 0 12584 0 729411 0 0 0 0 0 321718 0 0 0 0 742198 0 1063916 0 -334505 8827246 8872723 7242218 6854813 1585028 2017910 TO DEVELOP AND IMPLEMENT AN OVERALL ECONOMIC DEVELOPMENT STRATEGIC PLAN WHOSE OVERALL GOALS ARE TO CREATE VALUE ADDED JOBS, EXPAND AND DIVERSIFY THE ECONOMIC BASE, AND GENERATE INCREASED LOCAL TAX REVENUES FOR THE LOCAL GOVERNMENTS. 0 0 325000 PROMOTION OF COMMERCIAL AND INDUSTRIAL DEVELOPMENT IN SULLIVAN COUNTY, TN. TO AID AND ASSIST IN PROBLEMS PERTAINING TO THE EXPANSION OF EXISTING INDUSTRY AND COMMERCIAL DEVELOPMENT. 325000 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 1 0 1 1 0 X ELAINE BODENWEISER 4233928812 PO BOX 1157 BLOUNTVILLE TN 37617 JIM STREET CHAIRMAN 2.00 X X 0 0 0 MITCH WALTERS VICE-CHAIRMAN 2.00 X X 0 0 0 CAROLYN FERRELL SECRETARY/TREASURER 2.00 X X 0 0 0 GREG BOEHLING DIRECTOR 2.00 X 0 0 0 DR MIKE BROWDER DIRECTOR 1.00 X 0 0 0 MARK BYINGTON DIRECTOR 1.00 X 0 0 0 JERRY CALDWELL DIRECTOR 2.00 X 0 0 0 COUNCILWOMAN MICHELLE DOLAN DIRECTOR 2.00 X 0 0 0 JEFFREY DYKES DIRECTOR 1.00 X 0 0 0 MAYOR STEVEN M GODSEY DIRECTOR 2.00 X 0 0 0 ANDY HALL DIRECTOR 1.00 X 0 0 0 RICK HILL DIRECTOR 1.00 X 0 0 0 ALLEN HURLEY DIRECTOR 1.00 X 0 0 0 LON GENE LEONARD DIRECTOR 1.00 X 0 0 0 JIM MAXWELL DIRECTOR 1.00 X 0 0 0 JEFF MCCORD DIRECTOR 2.00 X 0 0 0 TOM PARHAM DIRECTOR 1.00 X 0 0 0 MAYOR DENNIS PHILLIPS DIRECTOR 2.00 X 0 0 0 LEA POWERS DIRECTOR 1.00 X 0 0 0 PARKER SMITH DIRECTOR 1.00 X 0 0 0 DAVID WAGNER DIRECTOR 1.00 X 0 0 0 ISAAC WEBB DIRECTOR 1.00 X 0 0 0 MAYOR IRENE WELLS DIRECTOR 2.00 X 0 0 0 EDDIE WILLIAMS DIRECTOR 1.00 X 0 0 0 LARRY ESTEPP FORMER DIRECTOR 1.00 X 0 0 0 KEITH WILSON FORMER DIRECTOR 1.00 X 0 0 0 DR WILLIAM LOCKE FORMER DIRECTOR 1.00 X 0 0 0 CLAY WALKER CEO 40.00 X 0 0 0 RICHARD VENABLE FORMER CEO 40.00 X 124400 0 0 124400 0 0 1 0 0 0 0 700060 16660 716720 107 107 12584 0 12584 12584 12584 729411 12584 0 107 128900 25780 103120 137110 112872 24238 13301 6933 6368 22613 15217 7396 19794 10496 9298 12787 12787 34000 34000 96453 52579 43874 12486 12486 18242 150 18092 28574 28574 14809 14809 28408 28408 412757 412757 5147 5147 9374 185 9189 PROSPECT DEVELOPMENT 28335 28335 PROPERTY EXPENSE 11590 11590 MARKETING 11006 11006 DUES AND SUBSCRIPTIONS 10366 10366 7864 7864 1063916 325000 738916 0 300324 270419 189397 240666 24485 19806 26401 26401 3632 14361 142278 118469 9250 23809 8273757 8277261 8827246 8872723 142218 104813 7100000 6750000 7242218 6854813 X 1585028 2017910 1585028 2017910 8827246 8872723 X -334505 767387 X X 0 1 X 1 0 X 700000 700030 700060 700060 700060 3500210 700000 700030 700060 700060 700060 3500210 3500210 14639 17939 12256 16368 12584 73786 3573996 0.97940 0.97920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 142278 118469 23809 23809 LAND HELD FOR DEVELOPMENT AND RESALE 8277261 C 8277261 DUE TO SULLIVAN COUNTY 6750000 6750000 X 729411 0 729411 0 729411 1063916 0 1063916 0 1063916 PART X, LINE 2: NETWORKS ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH THE ACCOUNTING STANDARD ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THIS ACCOUNTING STANDARD PROVIDES DETAILED GUIDANCE FOR FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, AND DISCLOSURE OF UNCERTAIN TAX POSITIONS RECOGNIZED IN NETWORKS' FINANCIAL STATEMENTS. IT REQUIRES AN ENTITY TO RECOGNIZE THE FINANCIAL STATEMENT IMPACT OF A TAX POSITION WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION. AS OF JUNE 30, 2014, NETWORKS HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION, DERECOGNITION, OR DISCLOSURE. NETWORKS FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THERE ARE NO INTERNAL REVENUE SERVICE (IRS) EXAMINATIONS IN PROGRESS. NETWORKS IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE IRS FOR TAX YEARS BEFORE 2010. NETWORKS INCLUDES PENALTIES AND INTEREST ASSESSED BY INCOME TAXING AUTHORITIES IN GENERAL AND ADMINISTRATIVE EXPENSES. NETWORKS DID NOT HAVE PENALTIES AND INTEREST ASSESSED BY TAXING AUTHORITIES DURING THE YEAR ENDED JUNE 30, 2014 . FORM 990, PART VI, SECTION B, LINE 11 THE CEO AND DIRECTOR OF FINANCE BOTH REVIEW THE FORM 990 BEFORE IT IS FILED. ALL BOARD MEMEBERS ARE INFORMED VIA EMAIL THAT THE DRAFT FORM 990 IS AVAILABLE FOR REIVEW UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO READ AND SIGN THE ORGANIZATIONS CODE OF ETHICS ON AN ANNUAL BASIS. INCLUDED IN THE CODE OF ETHICS IS A DETAILED OUTLINE OF THE ORGANIZATIONS CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES IS BASED ON A SALARY COMPARISON WITH SULLIVAN COUNTY TENNESSEE'S SALARY SURVEY. FORM 990, PART VI, SECTION C, LINE 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTIONS FROM MEMBER GOVERNMENTS. 767,387. FORM 990, PART XII, LINE 2C: NO CHANGE IN THE ORGANIZATIONS PROCESS TO SELECT AN INDEPENDENT ACCOUNTANT AND ALSO NO CHANGE IN THE OVERSIGHT OF THE AUDIT.