DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

MORRISTOWN, TN, US
501(c)(3)
EIN
62-0752586

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC

MORRISTOWN, TN, US
501(c)(3)
EIN
62-0752586

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$28,260,212

Government Grants
89%
Other
8%
Contributions
3%
Program Services
<1%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$26,545,583

Salaries & Benefits
54%
Grants
26%
Other
11%
Offices, Occupancy & IT
5%
Depreciation
2%
Fees to Service Providers
<1%
Interest
<1%
Benefits to Members
0%
Advertising & Promotion
0%
Revenues
2023
2024
Change
Contributions
$3,783,671
$838,188
-78%
Government Grants
$24,386,129
$25,183,640
+3%
Fundraising Events
$0
$0
-
Program Services
$17,227
$15,226
-12%
Membership Dues
$0
$0
-
Investments
$2,369
$1,319
-44%
Other
$2,176,921
$2,221,839
+2%
Total Revenues
$30,366,317
$28,260,212
-7%
Expenses
2023
2024
Change
Grants
$0
$6,987,097
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$14,086,942
$14,424,042
+2%
Fees to Service Providers
$121,948
$108,550
-11%
Advertising & Promotion
$0
$0
-
Offices, Occupancy & IT
$1,644,369
$1,349,114
-18%
Interest
$9,829
$7,736
-21%
Depreciation
$607,667
$645,967
+6%
Other
$14,122,240
$3,023,077
-79%
Total Expenses
$30,592,995
$26,545,583
-13%
Net income
2023
2024
Change
Net income
-$226,678
+$1,714,629
-856%
Functional Expenses
Summary
2023
2024
Change
Program
$29,357,586
$25,311,100
-14%
Admin
$1,235,409
$1,234,483
0%
Fundraising
$0
$0
-
Total Expenses
$30,592,995
$26,545,583
-13%
Income Statement
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