EIN 62-1652594

Community Reuse Organization of East Tennessee (CROET)

Name: Community Reuse Organization of East Tennessee (CROET) financials for 2022
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Oak Ridge

State

Tennessee

Year formed

1995

Most recent tax filings

2022-09-01

NTEE code, primary

S31: Urban, Community Economic Development

Description

The Community Reuse Organization of East Tennessee is an economic development Organization whose purpose is to assist the private sector in creating quality jobs in the region by using the underutilized land, facilities, equipment, personnel, and technology available at the department of energy's oak ridge complex. Reindustrialization of government facility.

Total revenues

$33,876

2022

Total expenses

$482,684

2022

Total assets

$8,036,799

2022

Num. employees

2022

Program areas at CROET

Organization has entered into subleases with private industry to Reuse the department of energy's k-25 plant in oak ridge, tn. It worked with local agencies to improve infrastructure and assist in job development for workers displaced by government cutbacks in the oak ridge, tn region. Direct expenses are shown as rental expense

Other programs include an energy parks iniative through the us department of energy, and growing switchgrass for an alternative fuel program through the university of Tennessee

Who funds Community Reuse Organization of East Tennessee (CROET)

Federal funding details

Federal agency	CFDA code	Program name	Amount
Department of Energy	81.502	TRANSFER OF OWNERSHIP OF LAND	$2,629,000
Department of Energy	81.502	LEASES	$272,000

Personnel at CROET

Name	Title	Compensation	Date of data
Teresa Frady	President and Chief Executive Officer	$125,000	2023-02-06
Lawrence Young	Former President	$168,000	2022-09-30
Tammy Sullivan	Former Chief Financial Officer	$122,500	2015-09-30

Financials for CROET

Revenues	FYE 09/2022	FYE 09/2021	% Change
Total grants, contributions, etc.	$0	$586	-100%
Program services	$0	$0	-
Investment income and dividends	$1,469	$838	75.3%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$0	$0	-
Net rental income	$29,409	$167,312	-82.4%
Net gain from sale of non-inventory assets	$-605	$974,956	-100.1%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$3,603	$38,089	-90.5%
Total revenues	$33,876	$1,181,781	-97.1%

Form 990s for CROET

Fiscal year ending	Date received by IRS	Form	PDF link
2022-09	2023-02-06	990	View PDF
2020-09	2021-04-12	990	View PDF
2019-09	2020-11-13	990	View PDF
2018-09	2019-06-19	990	View PDF
2017-09	2018-03-14	990	View PDF
...and 8 more Form 990s

Organizations like CROET

Organization	Type	Location	Revenue
Sanders County Community Development Corporation	501(c)(3)	Thompson Falls, MT	$74,476
Roosevelt County Community Development Center	501(c)(3)	Portales, NM	$125,593
West Central Community Development Group	501(c)(3)	Albuquerque, NM	$125,505
San Antonio Community Development Corporation	501(c)(3)	Oakland, CA	$85,716
Partnership Parke County Incorporated	501(c)(3)	Rockville, IN	$97,884
Taos County Economic Development Corp	501(c)(3)	Taos, NM	$161,222
Taylor County Development Authority Incorporated	501(c)(3)	Grafton, WV	$157,954
Batavia Development Corporation	501(c)(3)	Batavia, NY	$126,970
Batavia Business Improvement District Management Association	501(c)(3)	Batavia, NY	$135,996
Pine Bluff Downtown Development	501(c)(3)	Pine Bluff, AR	$132,480

Data update history

June 18, 2023

Posted financials

Added Form 990 for fiscal year 2022

June 16, 2023

Updated personnel

Identified 4 new personnel

August 21, 2021

Posted financials

Added Form 990 for fiscal year 2019

June 24, 2021

Posted financials

Added Form 990 for fiscal year 2020

June 21, 2021

Updated personnel

Identified 3 new personnel

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsCharities

Issues

Community improvementEconomic development

Characteristics

LobbyingPartially liquidatedState / local levelReceives government fundingManagement and technical assistanceTax deductible donations

General information

Address: 110 Novitas Pl; Oak Ridge, TN 37830
Metro area: Knoxville, TN
County: Anderson County, TN
Website URL: heritagectr.com/
Phone: (865) 482-9890

IRS details

EIN: 62-1652594
Fiscal year end: September
Taxreturn type: Form 990
Year formed: 1995
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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Community Reuse Organization of East Tennessee (CROET)

Program areas at CROET

Who funds Community Reuse Organization of East Tennessee (CROET)

Personnel at CROET

Financials for CROET

Form 990s for CROET

Organizations like CROET

Nonprofits

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