East Tennesseans For Airfare Competition, Etac in Knoxville, Tennessee (TN)

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East Tennesseans For Airfare Competition, Etac
Employer Identification Number (EIN)460491289
Name of OrganizationEast Tennesseans For Airfare Competition
Secondary NameEtac
In Care of NameThomas A Varlan
Address10215 Technology Dr Ste 202, Knoxville, TN 37932-4304
SubsectionBusiness League
Ruling Date12/2002
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2011
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$54,532
Amount of Income$60,056
Form 990 Revenue Amount$60,056
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2011: $60,056 (it was $72,500 in 2012)
East Tennesseans For Airfare Competition, Etac: 

 $60,056
Other organizations performing similar types of work: 

 $88,861

Assets in 2011: $54,532 (it was $69,529 in 2012)
East Tennesseans For Airfare Competition, Etac: 

 $54,532
Other organizations performing similar types of work: 

 $51,691

Expenses in 2012: $56,962
East Tennesseans For Airfare Competition, Etac: 

 $56,962
Other organizations performing similar types of work: 

 $80,127

Income to expenses ratio in 2012: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 0.8

Grants share in income in 2012: 82.8%
East Tennesseans For Airfare Competition, Etac: 

 82.8%
Other organizations performing similar types of work: 

 1.0%

Financial snapshot ($)

Revenue for 2012

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2012)
Total revenue$72,500
Contributions, gifts, grants, and similar amounts received$60,000
Program service revenue including government fees and contracts$0
Membership dues and assessments$12,500
Investment income$0
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$56,962
Total net assets$69,529
Excess for the year$15,538
Net assets or fund balances at beginning of year$53,991
Other changes in net assets or fund balances$0
Balance Sheets (for 2012)
Total assets$69,529
Total liabilities$0
Net assets or fund balances$69,529
Other Information (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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6Innovation Valley Inc17 Market Sq Ste 201, Knoxville, TN 37902-1447TN2008-10$1,943,667
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9Washington County Economic Develompent Council300 E Main St Ste 406, Johnson City, TN 37601-5708TN2012-03$1,137,211
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Number of organizations performing similar types of work
Alaska94
Alabama235
Arkansas185
Arizona346
California1,926
Colorado437
Connecticut191
District of Columbia411
Delaware63
Florida987
Georgia500
Hawaii127
Iowa226
Idaho137
Illinois781
Indiana331
Kansas211
Kentucky222
Louisiana232
Massachusetts358
Maryland360
Maine108
Michigan504
Minnesota341
Missouri377
Mississippi119
Montana114
North Carolina452
North Dakota65
Nebraska146
New Hampshire92
New Jersey401
New Mexico156
Nevada171
New York967
Ohio640
Oklahoma208
Oregon366
Pennsylvania679
Rhode Island73
South Carolina192
South Dakota91
Tennessee282
Texas1,208
Utah166
Virginia613
Vermont69
Washington451
Wisconsin359
West Virginia109
Wyoming44
International34
Total17,957

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