Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
61st percentile
Higher debt load relative to assets than 61% of similar nonprofits.
Liabilities / Revenue
72nd percentile
Higher debt load relative to revenue than 72% of similar nonprofits.
Net Margin
66th percentile
Higher net margin than 66% of similar nonprofits.
Top Officer Pay
44th percentile
Higher top officer pay than 44% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
4th percentile
Faster revenue growth than 4% of similar nonprofits.
Assets
Down$944,756
Down $360,967 (-28%) from 2019
Net Assets
Up$802,869
Up $58,141 (+7.8%) from 2019
Liabilities
Down$141,887
Down $419,108 (-75%) from 2019
Revenue
Down$483,713
Down $819,908 (-63%) from 2019
Expenses
Down$425,572
Down $977,271 (-70%) from 2019
Net Income
Up$58,141
Up $157,363 (+159%) from 2019
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $1,036,481 | $944,756 | ▼ $91,725 |
| Pledges and Grants Receivable | $269,242 | $0 | ▼ $269,242 |
| 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 | - |
| Prepaid Expenses and Deferred Charges | - | $0 | - |
| Total Assets | $1,305,723 | $944,756 | ▼ $360,967 |
| Other Assets Total | - | $0 | - |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $560,995 | $141,887 | ▼ $419,108 |
| Total Liabilities | $560,995 | $141,887 | ▼ $419,108 |
| Net Assets / Fund Balance | |||
| Net Assets With Donor Restrictions | $804,784 | $791,348 | ▼ $13,436 |
| Net Assets Without Donor Restrictions | $-60,056 | $11,521 | ▲ $71,577 |
| Total Net Assets Fund Balance | $744,728 | $802,869 | ▲ $58,141 |
| Total Liabilities and Net Assets / Fund Balance | $1,305,723 | $944,756 | ▼ $360,967 |
| Name | Title |
|---|---|
| Bruce Hartman | Director |
| Dave Miller | Director |
| James Haslam Iii | Director |
| Mark Isom | Director |
| Mintha Roach | Director |
| Raja Jubran | Director |
| Kevin Clayton | Secretary |
| Line Item | Amount |
|---|---|
| Other Expenses | $425,572 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $38,305 | - | - | $38,305 |
| Other Expenses | $19,213 | - | - | $19,213 |
| Advertising | $9,510 | - | - | $9,510 |
| Fees for Services Accounting | - | $9,000 | - | $9,000 |
| Travel | $5,610 | - | - | $5,610 |
| Conferences and Meetings | $2,203 | - | - | $2,203 |
| Fees for Services Other | $441 | $1,027 | - | $1,468 |
| Total Functional Expenses | $415,545 | $10,027 | $0 | $425,572 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
“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”
“The form 990 was reviewed by the board of directors prior to filing.”
“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.”
“No documents are made available to the public”
“Client Note 1 - To Whom It May Concern, We apologize for the delay in submitting this Form 990. Every intention to submit the report on time with an extension was made but there was a computer software error on the part of the preparer that inhibited this report from being properly extended. We respectfully ask that any penalties be waived concerning this late filing, and that the previous record of reports being filed on time be taken into consideration. We appreciate your consideration in this matter.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | false |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 560995 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 141887 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | 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. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 9510 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 9510 |
| IRS990/AllOtherContributionsAmt | 0 | 482885 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 38305 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 38305 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BenefitsToMembersGrp/TotalAmt | 0 | 0 |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | MIKE ODOM |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8652462634 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 17 MARKET SQUARE SUITE 201 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | KNOXVILLE |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38555 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | false |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 1036481 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 944756 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 0 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | false |
| IRS990/CompensationProcessOtherInd | 0 | false |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 2203 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 2203 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 482885 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 828 |
| IRS990/CYOtherExpensesAmt | 0 | 425572 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 58141 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 425572 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 483713 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DelegationOfMgmtDutiesInd | 0 | true |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 0 |
| IRS990/Desc | 0 | ECONOMIC DEVELOPMENT - DEVELOPING ACTIVITIES TO PROMOTE A FIVE COUNTY REGION BY EMPLOYING SEVERAL STRATEGIES INCLUDING PUBLIC RELATIONS, DIRECT MARKETING, AND OTHER AVAILABLE COMMUNICATION METHODS TO NATIONAL AND INTERNATIONAL AUDIENCES. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | false |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/DonorRestrictionNetAssetsGrp/BOYAmt | 0 | 804784 |
| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 791348 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 9000 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 9000 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesLobbyingGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesManagementGrp/TotalAmt | 0 | 0 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 1027 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 441 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1468 |
| IRS990/FeesForServicesProfFundraising/TotalAmt | 0 | 0 |
| IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignGrantsGrp/TotalAmt | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | JAMES HASLAM III |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | BRUCE HARTMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | MARK ISOM |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | RAJA JUBRAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | MINTHA ROACH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | DAVE MILLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KEVIN CLAYTON |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Director |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Secretary |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 2007 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToDomesticOrgsGrp/TotalAmt | 0 | 0 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 483713 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | false |
| IRS990/IndependentVotingMemberCnt | 0 | 7 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InformationTechnologyGrp/TotalAmt | 0 | 0 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 0 |
| IRS990/IntangibleAssetsGrp/EOYAmt | 0 | 0 |
| IRS990/InterestGrp/TotalAmt | 0 | 0 |
| IRS990/InventoriesForSaleOrUseGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 828 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 828 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 0 |
| IRS990/InvestmentsPubTradedSecGrp/EOYAmt | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 1 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | TN |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 744728 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 802869 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt | 0 | -60056 |
| IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt | 0 | 11521 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/TotalAmt | 0 | 0 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsFASB117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PARTNER LABOR |
| IRS990/OtherExpensesGrp/Desc | 1 | COMPETITIVE AIRFARE |
| IRS990/OtherExpensesGrp/Desc | 2 | ADMINISTRATIVE OVERHEAD |
| IRS990/OtherExpensesGrp/Desc | 3 | FACILITY COSTS |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 158941 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 98953 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 82369 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 19213 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 158941 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 98953 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 82369 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 19213 |
| IRS990/OtherRevenueTotalAmt | 0 | 0 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 0 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 0 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PaymentsToAffiliatesGrp/TotalAmt | 0 | 0 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 0 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 269242 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 0 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | WORKFORCE 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/ProgSrvcAccomActy3Grp/Desc | 0 | OTHER PROGRAMS INCLUDE PUBLIC POLICY AND COMPETITIVE AIRFARE INITIATIVE. |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 1302504 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1117 |
| IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 1402843 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -99222 |
| IRS990/PYTotalExpensesAmt | 0 | 1402843 |
| IRS990/PYTotalRevenueAmt | 0 | 1303621 |
| IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt | 0 | 0 |
| IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 58141 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | false |
| IRS990/ReportOtherAssetsInd | 0 | false |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/RoyaltiesGrp/TotalAmt | 0 | 0 |
| IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 0 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/Form1120POLFiledInd | 0 | false |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | true |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | true |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Client Note 1 - To Whom It May Concern, We apologize for the delay in submitting this Form 990. Every intention to submit the report on time with an extension was made but there was a computer software error on the part of the preparer that inhibited this report from being properly extended. We respectfully ask that any penalties be waived concerning this late filing, and that the previous record of reports being filed on time be taken into consideration. We appreciate your consideration in this matter. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 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 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | NO DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Client Note 1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Form 990, Part VI, Line 11b: Form 990 Review Process |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Form 990, Part VI, Line 19: Other Organization Documents Publicly Available |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1305723 |
| IRS990/TotalAssetsEOYAmt | 0 | 944756 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1305723 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 944756 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 482885 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 10027 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 415545 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 425572 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 560995 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 141887 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 560995 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 141887 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 744728 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 802869 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 828 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 483713 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1305723 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 944756 |
| IRS990/TravelGrp/ProgramServicesAmt | 0 | 5610 |
| IRS990/TravelGrp/TotalAmt | 0 | 5610 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 17 MARKET SQUARE SUITE 201 |
| IRS990/USAddress/CityNm | 0 | KNOXVILLE |
| IRS990/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990/USAddress/ZIPCd | 0 | 37902 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 7 |
| IRS990/VotingMembersIndependentCnt | 0 | 7 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | ANGELA LUNSFORD |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | CONTROLLER/VP OF OPS |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-03-10 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INNOVATION VALLEY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INNO |
| ReturnHeader/Filer/EIN | 0 | 262087582 |
| ReturnHeader/Filer/PhoneNum | 0 | 8652462634 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 17 MARKET SQUARE SUITE 201 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KNOXVILLE |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 37902 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 621333963 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Parsons & Wright CPAs |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1000 Brentwood Way |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Kingston |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 37763 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8653765865 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JOE SAVAGE |
| ReturnHeader/ReturnTs | 0 | 2021-03-12T12:12:14-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
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Displayed year
2020 • Form 990Detailed filing. Detailed filing data is available for this year.
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