Civic Intelligence

Innovation Valley Inc

990 • Fiscal year 2012 • EIN 26-2087582

Jul 01, 2011 to Jun 30, 2012 • Filed on Jan 30, 2013

17 Market Square Suite 20137902
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

62nd percentile

0.30x

Higher debt load relative to assets than 62% of similar nonprofits.

2012 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

82nd percentile

16%

Faster asset growth than 82% of similar nonprofits.

2012 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$951,747

Up $134,769 (+16%) from 2011

Net Assets

Up

$669,159

Up $134,215 (+25%) from 2011

Liabilities

Up

$282,588

Up $554 (+0.2%) from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,656,400

Up $78,294 (+5.0%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2010: $597,580Liabilities 2010: $101,951Net Assets 2010: $495,6292010Assets 2011: $816,978Liabilities 2011: $282,034Net Assets 2011: $534,9442011Assets 2012: $951,747Liabilities 2012: $282,588Net Assets 2012: $669,1592012Assets 2013: $810,697Liabilities 2013: $277,345Net Assets 2013: $533,3522013Assets 2014: $902,483Liabilities 2014: $184,868Net Assets 2014: $717,6152014Assets 2015: $1,033,555Liabilities 2015: $206,194Net Assets 2015: $827,3612015Assets 2016: $1,212,527Liabilities 2016: $213,425Net Assets 2016: $999,1022016Assets 2017: $1,221,523Liabilities 2017: $158,049Net Assets 2017: $1,063,4742017Assets 2018: $1,339,696Liabilities 2018: $495,746Net Assets 2018: $843,9502018Assets 2019: $1,305,723Liabilities 2019: $560,995Net Assets 2019: $744,7282019Assets 2020: $944,756Liabilities 2020: $141,887Net Assets 2020: $802,8692020Assets 2021: $842,921Liabilities 2021: $0Net Assets 2021: $842,9212021Assets 2022: $886,181Liabilities 2022: $0Net Assets 2022: $886,1812022Assets 2023: $885,438Liabilities 2023: $0Net Assets 2023: $885,4382023

Highlighted filing

2012

Assets$951,747
Liabilities$282,588
Net Assets$669,159

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2010: $1,656,7252010Expenses 2011: $1,578,1062011Expenses 2012: $1,656,4002012Expenses 2013: $1,814,1102013Revenue 2014: $1,943,024Expenses 2014: $1,758,761Net Income 2014: $184,2632014Revenue 2015: $1,388,125Expenses 2015: $1,278,379Net Income 2015: $109,7462015Revenue 2016: $1,574,437Expenses 2016: $1,402,696Net Income 2016: $171,7412016Revenue 2017: $1,501,364Expenses 2017: $1,436,992Net Income 2017: $64,3722017Revenue 2018: $1,265,601Expenses 2018: $1,485,125Net Income 2018: -$219,5242018Revenue 2019: $1,303,621Expenses 2019: $1,402,843Net Income 2019: -$99,2222019Revenue 2020: $483,713Expenses 2020: $425,572Net Income 2020: $58,1412020Revenue 2021: $50,600Expenses 2021: $10,548Net Income 2021: $40,0522021Revenue 2022: $50,595Expenses 2022: $7,335Net Income 2022: $43,2602022Revenue 2023: $3,539Expenses 2023: $4,282Net Income 2023: -$7432023

Highlighted filing

2012

Revenue-
Expenses$1,656,400
Net Income-
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
Jan 30, 2013
Return Version
2011v1.5
Gross Receipts
$1,790,615
Mission and Program Overview

Mission

The corporation is organized exclusively for charitable educational and scientific purposes, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under sections 501(c)(3) and 501(c)(6) of the internal revenue code, or corresponding section of any future federal tax code. The purpose will include without limitation support of public education, workforce development and job training and support of scientific and technological advancements in the central east tennessee area, including without limitation anderson, blount, knox, loudon, roane and monroe counties, primarily by providing funds and support to organizations such as the blount county chamber of commerce, the knoxville area chamber partnership, the oak ridge economic partnership, the roane alliance, tellico reservoir development agency and loudon county economic development agency.

Major Activities

Activity 2
Education/workforce - to ensure this region does not lose its most competitive advantage - a highly educated and skilled workforce. Maintaining and further developing a highly educated and skilled workforce begins at k-12 level, continues through higher education and is ongoing as students and others enter the workforce.
Activity 3
Technology & entrepreneurship - to continue focus on technology growth & develop additonal programs that support entrepreneurship. This would include the creation and development of the carbon fiber consortium.
Filing and Contact Details

Filer

EIN
26-2087582
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IRS990ScheduleO/GeneralExplanation/Explanation1IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/GeneralExplanation/Explanation3THE GREATER KNOXVILLE CHAMBER OF COMMERCE AGREES TO PERFORM THE FOLLOWING TASKS FOR INNOVATION VALLEY:(A) OFFICE SPACE AND REASONABLE OFFICE FURNISHINGS FOR ADMINISTRATIVE AND CLERICAL FUNCTIONS (B) FINANCIAL AND ACCOUNTING SERVICES, INCLUDING BUT NOT LIMITED TO MAINTAINING BOOKS AND RECORDS, PREPARING FINANCIAL REPORTS, FILING INCOME TAX AND OTHER INFORMATION RETURNS AND SIMILAR FUNCTIONS (C) ADMINISTRATIVE SERVICES IN CONNECTION WITH THE RAISING AND USE OF FUNDS TO SUPPORT ECONOMIC DEVELOPMENT WORK PROGRAMS AND ACTIVITIES (D) USE OF ANY COUNSEL, ACCOUNTANTS, CONSULTANTS, TECHNICAL ADVISORS, BROKERS OR OTHER AGENTS THAT THE CHAMBER AND INNOVATION VALLEY AND ITS AFFILIATES MAY JOINTLY EMPLOY FOR COMMON SERVICES (E) CASH MANAGEMENT SERVICES INCLUDING ASSISTANCE IN COLLECTING AND DISBURSING FUNDS, INCLUDING BUT NOT LIMITED TO, HANDLING THE COLLECTION OF RECEIPTS AND THE PAYMENT OF DISBURSEMENTS, PREPARING DEPOSITS, RECONCILING BANK STATEMENTS AND PROCESSING CREDIT CARD CHARGES (F) TELEPHONE AND FACSIMILE SERVICES (G) PERSONNEL REQUIRED TO RENDER THE FORGOING SERVICES TO INNOVATION VALLEY
IRS990ScheduleO/GeneralExplanation/Explanation4OTHER PROGRAM SERVICES 4: OTHER PROGRAMS INCLUDE BUSINESS RETENTION & EXPANSION, RESOURCES FOR LIVING, AND PUBLIC POLICY.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 11
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 3
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part III, Line 4d
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IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Line 11: Form 990 Review Process
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part III, Line 4d : Other Program Services Description
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IRS990/TermOrPermanentEndowments0false
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1017 MARKET SQUARE SUITE 201
IRS990/TheBooksAreInCareOf/AddressUS/City0KNOXVILLE
IRS990/TheBooksAreInCareOf/AddressUS/State0TN
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode038555
IRS990/TheBooksAreInCareOf/NamePerson0LARRY JOHNSON
IRS990/TheBooksAreInCareOf/TelephoneNumber08652462634
IRS990/TotalAssets/BOY0816978
IRS990/TotalAssetsBOY0816978
IRS990/TotalAssets/EOY0951747
IRS990/TotalAssetsEOY0951747
IRS990/TotalCompGT150K0false
IRS990/TotalContributions01454500
IRS990/TotalExpensesCurrentYear01656400
IRS990/TotalExpensesPriorYear01578106
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral012659
IRS990/TotalFunctionalExpenses/ProgramServices01643741
IRS990/TotalFunctionalExpenses/Total01656400
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0282034
IRS990/TotalLiabilitiesBOY0282034
IRS990/TotalLiabilities/EOY0282588
IRS990/TotalLiabilitiesEOY0282588
IRS990/TotalLiabNetAssetsFundBalances/BOY0816978
IRS990/TotalLiabNetAssetsFundBalances/EOY0951747
IRS990/TotalNbrEmployees00
IRS990/TotalNetAssetsFundBalances/BOY0534944
IRS990/TotalNetAssetsFundBalances/EOY0669159
IRS990/TotalOfOtherProgramServiceExp0271669
IRS990/TotalOtherRevenue025000
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProgramServiceExpense01643741
IRS990/TotalProgramServiceRevenue0310000
IRS990/TotalRevenueCurrentYear01790615
IRS990/TotalRevenue/ExclusionAmount01115
IRS990/TotalRevenuePriorYear01617421
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome0335000
IRS990/TotalRevenue/TotalRevenueColumn01790615
IRS990/TransactionRelatedEntity0false
IRS990/TransfersToExemptNonChrtblOrg0false
IRS990/TravelEntrtnmntPublicOfficials/Total00
IRS990/Travel/ProgramServices089702
IRS990/Travel/Total089702
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY0534944
IRS990/UnrestrictedNetAssets/EOY0398204
IRS990/UponRequest0X
IRS990/WebSite0N/A
IRS990/WhistleblowerPolicy0false
IRS990/WrittenPolicyOrProcedure0false
IRS990/YearFormation02007
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/Filer/EIN0262087582
ReturnHeader/Filer/Name/BusinessNameLine10INNOVATION VALLEY INC
ReturnHeader/Filer/NameControl0INNO
ReturnHeader/Filer/Phone08652462634
ReturnHeader/Filer/USAddress/AddressLine1017 MARKET SQUARE SUITE 201
ReturnHeader/Filer/USAddress/City0KNOXVILLE
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode037902
ReturnHeader/Officer/AuthorizeThirdParty0true
ReturnHeader/Officer/DateSigned02013-01-30
ReturnHeader/Officer/Name0KEVIN CLAYTON
ReturnHeader/Officer/Title0Secretary
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10Parsons & Wright CPAs
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101000 Brentwood Way
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0Kingston
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode037763
ReturnHeader/Preparer/Name0Josh Stone
ReturnHeader/Preparer/Phone08653765865
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-07-01
ReturnHeader/TaxPeriodEndDate02012-06-30

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$0.05$0.01$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.84$0.00$0.84$0.05$0.01$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.94$0.14$0.80$0.48$0.43$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.56$0.74$1.30$1.40$0.10
2018Detailed filing. Detailed filing data is available for this year.$1.34$0.50$0.84$1.27$1.49$0.22
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.16$1.06$1.50$1.44$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.21$0.21$1.00$1.57$1.40$0.17
2015Detailed filing. Detailed filing data is available for this year.$1.03$0.21$0.83$1.39$1.28$0.11
2014Detailed filing. Detailed filing data is available for this year.$0.90$0.18$0.72$1.94$1.76$0.18
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.28$0.53$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.28$0.67$1.66
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.28$0.53$1.58
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.10$0.50$1.66
Peer Organizations

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