2011-02-10T12:06:08-06:00 2010-06-30 HAZLETT LEWIS & BIETER PLLC 537 MARKET STREET SUITE 300 CHATTANOOGA TN 374021239 990 2009-07-01 200062024 The Enterprise Center Inc ENTE 4234253770 1250 Market Street Suite 3020 Chattanooga TN 37402 J WAYNE CROPP 4234253770 2011-02-09 1 REBECCA C FINGERLE 4237566133 2011-02-09 2009 2016-02-24 21:20:13Z J WAYNE CROPP 1250 Market St Suite 3020 Chattanooga TN 37402 919408 0 X www.theenterprisectr.org X 2003 TN Promoting publicly-sponsored community-wide economic development and job creation to restore and diversify Chattanooga's economic base. 9 9 8 100 0 0 791382 768591 124799 137006 8672 1307 7000 12504 931853 919408 0 0 617640 662680 0 0 304659 242860 922299 905540 9554 13868 1078405 1003326 690188 601241 388217 402085 To promote publicly-sponsored community-wide economic development and job creation to restore and diversify Chattanooga's economic base. 0 0 329715 0 CONNECT THE VALLEY TECHNOLOGY INITIATIVE-SBA: PROGRAM THAT PROVIDES LINK BETWEEN PUBLIC SECTOR'S TECHNOLOGICAL INNOVATION & PRIVATE SECTOR'S PRACTICAL BUSINESS APPLICATIONS TO SPUR BUSINESS GROWTH & JOB CREATION. CLIENTS-UNABLE TO PRECISELY ESTIMATE. 105210 0 62000 RENEWAL COMMUNITY: DESIGNED TO ALLOW ELIGIBLE BUSINESSES OF ALL SIZES, IN CERTAIN DISTRESSED AREAS, ACCESS TO FEDERAL TAX INCENTIVES CLIENTS-DIRECT FED TAX INCENTIVES-58 CORPORATION & INDIVIDUALS, INDIRECT FED TAX INCENTIVES->26 CORPORATION & INDIVIDUALS, ECONOMIC DEV->50 CORPORATION & INDIVIDUALS, ECONOMIC DEV COORDINATION->15 AGENCIES 209020 0 0 TDOT MAGLEV:CREATE FRAMEWORK TO BRING TOGETHER KEY STAKE- HOLDERS TO DEVELOP CHATTANOOGA-NASHVILLE EXTENSION OF THE HIGH SPEED RAIL CORRIDOR FROM ATLANTA, GA. CLIENTS-809,000 ESTIMATED 92356 0 0 CONNECT THE VALLEY: PROGRAM THAT ALLOWS THE CENTER TO SERVE AS AN UMBRELLA ORGANIZATION COORDINATING APPROXIMATELY A DOZEN FEDERALLY FUNDED ENTITIES, MOSTLY WITH A TECHNOLOGY FOCUS. MISSION IS TO PROVIDE COMMON GROUND. POPULATION SERVED-5.9 MILLION ESTIMATED 19110 0 24996 Y-12:CONSULTING PROVIDED IN ORDER TO IDENTIFY CANDIDATE TECHNOLOGY FOR LICENSING AND TRANSITIONING INTO MANUFACTURING 31407 0 50010 ADAPTIVE METHODS: IDENTIFYING AND FACILITATING OPPORTUNITIES FOR THE TRANSFER AND GROWTH OF MARKETABLE TECHNOLOGY FROM GOVERNMENT AGENCIES TO THE PRIVATE SECTOR 12504 Revenue from conferences held for constituents and partners. 142873 87510 786818 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 8 0 8 1 0 0 0 0 0 0 0 0 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 X MIGUEL PARTAP 4234253780 1250 Market Street STE 3020 CHATTANOOGA TN 37402 W Scott Mattice 1.00 X X 0 0 0 Jim Hall 3.00 X X 0 0 0 richard brown 2.00 X X 0 0 0 TERRY BLUNT 1.00 X 0 0 0 max fuller 1.00 X 0 0 0 ron loving 1.00 X 0 0 0 patsy hazlewood 1.00 X 0 0 0 dr roy keith 1.00 X 0 0 0 JIM SATTLER 1.00 X 0 0 0 J WAYNE CROPP 40.00 X X 137465 0 16785 137465 0 16785 1 0 1 0 0 768591 768591 Service fees 541610 75006 75006 Renewal Community Admi 541610 62000 62000 137006 1307 1307 OTHER INCOME 900099 12504 12504 12504 919408 149510 0 1307 150685 109138 41547 375591 342470 33121 37154 30821 6333 99250 33372 65878 21924 18449 3475 19960 9597 10363 693 129 564 5147 764 4383 3997 1720 2277 32448 15748 16700 16576 14781 1795 20079 16706 3373 Consulting Expense 82362 73187 9175 OTHER EXPENSES 10701 10701 INSURANCE 8080 2446 5634 DUES 7903 5080 2823 equipmental rental and 4483 4343 140 8507 108067 -99560 905540 786818 118722 0 945113 815939 100341 165226 1579 689 1372 6472 44948 29948 30000 15000 1078405 1003326 85757 89173 604431 512068 690188 601241 X 388217 402085 388217 402085 1078405 1003326 X 0 1 1 X 1 1 X 1589785 569268 1013725 791382 768591 4732751 1589785 569268 1013725 791382 768591 4732751 4732751 30380 37956 27504 8672 1307 105819 680 10742 7000 12504 30926 4869496 690699 0.97190 0.97850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44948 29948 15000 15000 919408 905540 13868 0 13868 919408 0 919408 0 919408 905540 0 905540 0 905540 X X X 0 0 0 0 0 0 0 0 0 J WAYNE CROPP 137465 0 0 0 0 0 0 0 16785 0 154250 0 0 0 Form 990, Part VI, Section B, line 11 THE COMPLETED FORM 990 IS SUBMITTED TO THE TREASURER FOR REVIEW AND THEN REVIEWED IN COMMITTEE BY THE FINANCE COMMITTEE. THE FORM 990 IS THEN SUBMITTED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS. Form 990, Part VI, Section B, line 12c Y.THE CONFLICT OF INTEREST POLICY ADOPTED IN OCTOBER 2009, AND APPLICABLE TO OFFICERS, DIRECTORS AND EMPLOYEES, REQUIRES DISCLOSURE OF ANY CONFLICT OF INTEREST AT THE TIME IT OCCURS AND ABSENTATION FROM PARTICIPATION IN THE DISCUSSIONS OR ACTIONS WHERE A CONFLICT OF INTEREST EXISTS. THE PRESIDENT IS FURTHER REQUIRED TO ENSURE THAT OFFICERS, DIRECTORS AND EMPLOYEES ARE MADE AWARE OF THE ENTERPRISE CENTER'S POLICY ON CONFLICTS ON AN ANNUAL BASIS. The compensation of the CEO is determined by the Executive Committee of the Board of Directors, which serves as the compensation committee. The decisions of the Executive Committee are contemporaneously subbstantiated in the written minutes thereof. The CEO has only received cost of living adjustments since hired in 2006, and the determination of these amounts is made on an annual basis. No salary increase or adjustment was made for the fiscal year ended June 30, 2010. Form 990, Part VI,Section B, Line 15b: There are no other compensated officers or key employees. Form 990, Part VI, Section C, line 19 Governing Documents,Conflict of Interest Policy and Financial Statements are available upon request. The media is invited to attend all Board of Directors meetings. Additionally, Financial Statement and Single Audit results are sent to applicable federal and state granting agencies, uploaded into the Federal Audit Clearinghouse, and delivered to the City of Chattanooga. These results are available to the public upon request. The Finance Committee recommends an independent accountant to the Board of Directors, which then votes on the recommendation. The Board of Directors Reviews and Approves the Audit. FORM 990, PART VI, SECTION B, LINE 14 THE COMPLETED FORM 990 IS SUBMITTED TO THE TREASURER FOR REVIEW AND THEN REVIEWED IN COMMITTEE BY THE FINANCE COMMITTEE. THE FORM 990 IS THEN SUBMITTED TO THE BOARD OF DIRECTORS PRIOR TO SUBMISSION TO THE IRS.