Civic Intelligence

Innovation Valley Inc

990 • Fiscal year 2018 • EIN 26-2087582

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 16, 2019

Organization ProfileN/A
17 Market Square Suite 201Knoxville, TN 37902

(865) 246-2634

Siviq Scores

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

Liabilities / Assets

74th percentile

0.37x

Higher debt load relative to assets than 74% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

76th percentile

0.39x

Higher debt load relative to revenue than 76% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Net Margin

6th percentile

-17%

Higher net margin than 6% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2018

Asset Growth

71st percentile

9.7%

Faster asset growth than 71% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

8th percentile

-16%

Faster revenue growth than 8% of similar nonprofits.

2018 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$1,339,696

Up $118,173 (+9.7%) from 2017

Net Assets

Down

$843,950

Down $219,524 (-21%) from 2017

Liabilities

Up

$495,746

Up $337,697 (+214%) from 2017

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin6th percentile

Revenue

Down

$1,265,601

Down $235,763 (-16%) from 2017

Expenses

Up

$1,485,125

Up $48,133 (+3.3%) from 2017

Net Income

Down

-$219,524

Down $283,896 (-441%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth71st percentile

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

2018

Assets$1,339,696
Liabilities$495,746
Net Assets$843,950
Open 2018 Filing

Operations Trend

Revenue Growth8th percentile

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

2018

Revenue$1,265,601
Expenses$1,485,125
Net Income-$219,524
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 16, 2019
Return Version
2017v2.2
Gross Receipts
$1,265,601
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.

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 partnership, the knoxville area chamber partnership, anderson county economic development agency, the roane alliance, tellico reservoir development agency and loudon county economic development agency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$970,722$1,000,022▲ $29,300
Pledges and Grants Receivable$237,500$339,674▲ $102,174
Prepaid Expenses and Deferred Charges$13,301$0▼ $13,301
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,221,523$1,339,696▲ $118,173
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$158,049$495,746▲ $337,697
Total Liabilities$158,049$495,746▲ $337,697
Net Assets / Fund Balance
Temporarily Rstr Net Assets$828,836$829,810▲ $974
Unrestricted Net Assets$234,638$14,140▼ $220,498
Total Net Assets Fund Balance$1,063,474$843,950▼ $219,524
Total Liabilities and Net Assets / Fund Balance$1,221,523$1,339,696▲ $118,173
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
Dr Thomas E MasonChairman
Bruce HartmanDirector
James Haslam IiiDirector
Mark IsomDirector
Mintha RoachDirector
Raja JubranDirector
Wes StowersDirector
Kevin ClaytonSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,264,627
Program Service Revenue
$0
Investment Income
$974
Other Revenue
$0
All Other Contributions
$1,264,627
Change in Net Assets
$-219,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,265,601
Total Revenue per Audited Statements
$1,265,601
Total Revenue per Form 990
$1,265,601
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,485,125
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$205,442$794-$206,236
Other Expenses$103,675--$103,675
Advertising$86,125--$86,125
Travel$49,778--$49,778
Conferences and Meetings$49,739--$49,739
Depreciation Depletion-$13,301-$13,301
Fees for Services Accounting$1,438$2,770-$4,208
Insurance-$1,147-$1,147
Total Functional Expenses$1,467,113$18,012$0$1,485,125

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,485,125
Total Expenses per Audited Statements$1,485,125
Total Expenses per Form 990$1,485,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

“The 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”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The form 990 was reviewed by the board of directors prior to filing.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“If 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.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“No documents are made available to the public”

Filing and Contact Details

Filer

Filer Name
Innovation Valley Inc
EIN
26-2087582
Phone
8652462634
Address
17 MARKET SQUARE SUITE 201, KNOXVILLE, TN 37902

Signing Officer

Name
Larry Johnson
Title
CFO
Signed
2019-01-16
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
0

Preparer

Firm
Parsons & Wright CPAs
Address
1000 Brentwood Way, Kingston, TN 37763
Preparer
Joe Savage
Phone
8653765865
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“CONTRACT SERVICES: Column (A) - Total = $76276; Column (B) - Program Services = $76276; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“DUES: Column (A) - Total = $45438; Column (B) - Program Services = $45438; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“EVENT EXPENSE: Column (A) - Total = $13118; Column (B) - Program Services = $13118; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“MISCELLANEOUS: Column (A) - Total = $5478; Column (B) - Program Services = $4684; Column (C) - Management & General = $794; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Postage and Shipping: Column (A) - Total = $78; Column (B) - Program Services = $78; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Printing and Publications: Column (A) - Total = $4803; Column (B) - Program Services = $4803; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“SOFTWARE: Column (A) - Total = $73; Column (B) - Program Services = $73; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“TELEPHONE: Column (A) - Total = $4225; Column (B) - Program Services = $4225; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“TRAINING: Column (A) - Total = $2808; Column (B) - Program Services = $2808; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“WEBSITE: Column (A) - Total = $53939; Column (B) - Program Services = $53939; Column (C) - Management & General = $0; Column (D) - Fundraising = $0”

Raw XML Appendix388 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/InsuranceGrp/ManagementAndGeneralAmt01147
IRS990/InsuranceGrp/TotalAmt01147
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IRS990/MissionDesc0THE 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 PARTNERSHIP, THE KNOXVILLE AREA CHAMBER PARTNERSHIP, ANDERSON COUNTY ECONOMIC DEVELOPMENT AGENCY, THE ROANE ALLIANCE, TELLICO RESERVOIR DEVELOPMENT AGENCY AND LOUDON COUNTY ECONOMIC DEVELOPMENT AGENCY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01063474
IRS990/NetAssetsOrFundBalancesEOYAmt0843950
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/Organization501cInd0X
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IRS990/OtherAssetsTotalGrp/EOYAmt00
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IRS990/OtherExpensesGrp/Desc1ADMINISTRATIVE OVERHEAD
IRS990/OtherExpensesGrp/Desc2FACILITY COSTS
IRS990/OtherExpensesGrp/Desc3HOSPITALITY
IRS990/OtherExpensesGrp/ProgramServicesAmt0635533
IRS990/OtherExpensesGrp/ProgramServicesAmt1207303
IRS990/OtherExpensesGrp/ProgramServicesAmt2128080
IRS990/OtherExpensesGrp/ProgramServicesAmt3103675
IRS990/OtherExpensesGrp/TotalAmt0635533
IRS990/OtherExpensesGrp/TotalAmt1207303
IRS990/OtherExpensesGrp/TotalAmt2128080
IRS990/OtherExpensesGrp/TotalAmt3103675
IRS990/OtherRevenueTotalAmt00
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IRS990/PartialLiquidationInd0false
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IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0237500
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0339674
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013301
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0WORKFORCE DEVELOPMENT - 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.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0172917
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER PROGRAMS INCLUDE PUBLIC POLICY AND COMPETITIVE AIRFARE INITIATIVE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt099053
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IRS990/PYContributionsGrantsAmt01400893
IRS990/PYInvestmentIncomeAmt0471
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IRS990/PYOtherExpensesAmt01436992
IRS990/PYProgramServiceRevenueAmt0100000
IRS990/PYRevenuesLessExpensesAmt064372
IRS990/PYTotalExpensesAmt01436992
IRS990/PYTotalRevenueAmt01501364
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IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleC/OnlyInHouseLobbyingInd0true
IRS990ScheduleC/SubstantiallyAllDuesNondedInd0true
IRS990ScheduleD/ExpensesSubtotalAmt01485125
IRS990ScheduleD/RevenueSubtotalAmt01265601
IRS990ScheduleD/TotalExpensesPerForm990Amt01485125
IRS990ScheduleD/TotalRevenuePerForm990Amt01265601
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01265601
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01485125
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 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/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IF 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/SupplementalInformationDetail/ExplanationTxt3NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONTRACT SERVICES: Column (A) - Total = $76276; Column (B) - Program Services = $76276; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DUES: Column (A) - Total = $45438; Column (B) - Program Services = $45438; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EVENT EXPENSE: Column (A) - Total = $13118; Column (B) - Program Services = $13118; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MISCELLANEOUS: Column (A) - Total = $5478; Column (B) - Program Services = $4684; Column (C) - Management & General = $794; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Postage and Shipping: Column (A) - Total = $78; Column (B) - Program Services = $78; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Printing and Publications: Column (A) - Total = $4803; Column (B) - Program Services = $4803; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10SOFTWARE: Column (A) - Total = $73; Column (B) - Program Services = $73; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11TELEPHONE: Column (A) - Total = $4225; Column (B) - Program Services = $4225; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12TRAINING: Column (A) - Total = $2808; Column (B) - Program Services = $2808; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13WEBSITE: Column (A) - Total = $53939; Column (B) - Program Services = $53939; Column (C) - Management & General = $0; Column (D) - Fundraising = $0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Form 990, Part IX, Line 24e: Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Form 990, Part IX, Line 24e: Other Expenses
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0828836
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0829810
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01221523
IRS990/TotalAssetsEOYAmt01339696
IRS990/TotalAssetsGrp/BOYAmt01221523
IRS990/TotalAssetsGrp/EOYAmt01339696
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IRS990/TotalLiabilitiesEOYAmt0495746
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0843950
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IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0974
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01265601
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01339696
IRS990/TravelGrp/ProgramServicesAmt049778
IRS990/TravelGrp/TotalAmt049778
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IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/UnrestrictedNetAssetsGrp/EOYAmt014140
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LARRY JOHNSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-01-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INNOVATION VALLEY INC
ReturnHeader/Filer/BusinessNameControlTxt0INNO
ReturnHeader/Filer/EIN0262087582
ReturnHeader/Filer/PhoneNum08652462634
ReturnHeader/Filer/USAddress/AddressLine1Txt017 MARKET SQUARE SUITE 201
ReturnHeader/Filer/USAddress/CityNm0KNOXVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037902
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621333963
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Parsons & Wright CPAs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01000 Brentwood Way
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kingston
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037763
ReturnHeader/PreparerPersonGrp/PhoneNum08653765865
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOE SAVAGE
ReturnHeader/ReturnTs02019-01-17T11:22:20-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,339,696
Liabilities
$495,746
Net assets
$843,950
Revenue
$1,265,601
Expenses
$1,485,125
Net income
-$219,524
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