Civic Intelligence

Tennalspe Inc.

990 • Fiscal year 2019 • EIN 62-1367966

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 30, 2019

PO Box 416Greeneville, TN 37744

(423) 639-0187

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

5th percentile

-53%

Higher net margin than 5% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

31st percentile

-1.9%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

85th percentile

40%

Faster revenue growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$1,299,438

Down $25,659 (-1.9%) from 2018

Net Assets

Down

$1,299,438

Down $25,659 (-1.9%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$96,334

Up $27,410 (+40%) from 2018

Expenses

Up

$147,817

Up $84,717 (+134%) from 2018

Net Income

Down

-$51,483

Down $57,307 (-984%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $615,936Liabilities 2010: $0Net Assets 2010: $615,9362010Assets 2011: $767,148Liabilities 2011: $0Net Assets 2011: $767,1482011Assets 2012: $726,104Liabilities 2012: $0Net Assets 2012: $726,1042012Assets 2013: $820,063Liabilities 2013: $0Net Assets 2013: $820,0632013Assets 2014: $944,276Liabilities 2014: $0Net Assets 2014: $944,2762014Assets 2015: $1,124,819Liabilities 2015: $0Net Assets 2015: $1,124,8192015Assets 2016: $1,080,343Liabilities 2016: $0Net Assets 2016: $1,080,3432016Assets 2017: $1,215,446Liabilities 2017: $0Net Assets 2017: $1,215,4462017Assets 2018: $1,325,097Liabilities 2018: $0Net Assets 2018: $1,325,0972018Assets 2019: $1,299,438Liabilities 2019: $0Net Assets 2019: $1,299,4382019Assets 2020: $1,329,470Liabilities 2020: $0Net Assets 2020: $1,329,4702020Assets 2021: $1,783,796Liabilities 2021: $0Net Assets 2021: $1,783,7962021Assets 2022: $1,472,540Liabilities 2022: $0Net Assets 2022: $1,472,5402022Assets 2023: $1,654,220Liabilities 2023: $0Net Assets 2023: $1,654,2202023Assets 2024: $1,903,619Liabilities 2024: $0Net Assets 2024: $1,903,6192024Assets 2025: $2,184,285Liabilities 2025: $0Net Assets 2025: $2,184,2852025

Highlighted filing

2019

Assets$1,299,438
Liabilities$0
Net Assets$1,299,438

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2010: -$30,325Expenses 2010: $43,382Net Income 2010: -$73,7072010Expenses 2011: $36,2812011Expenses 2012: $59,4742012Expenses 2013: $63,7942013Revenue 2014: $67,578Expenses 2014: $60,451Net Income 2014: $7,1272014Revenue 2015: $410,377Expenses 2015: $55,030Net Income 2015: $355,3472015Revenue 2016: $33,060Expenses 2016: $58,867Net Income 2016: -$25,8072016Revenue 2017: $44,903Expenses 2017: $50,236Net Income 2017: -$5,3332017Revenue 2018: $68,924Expenses 2018: $63,100Net Income 2018: $5,8242018Revenue 2019: $96,334Expenses 2019: $147,817Net Income 2019: -$51,4832019Revenue 2020: $52,970Expenses 2020: $41,522Net Income 2020: $11,4482020Revenue 2021: $88,857Expenses 2021: $37,011Net Income 2021: $51,8462021Revenue 2022: $77,624Expenses 2022: $81,045Net Income 2022: -$3,4212022Revenue 2023: $60,766Expenses 2023: $47,828Net Income 2023: $12,9382023Revenue 2024: $45,671Expenses 2024: $37,097Net Income 2024: $8,5742024Revenue 2025: $933,087Expenses 2025: $26,046Net Income 2025: $907,0412025

Highlighted filing

2019

Revenue$96,334
Expenses$147,817
Net Income-$51,483
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 30, 2019
Return Version
2018v3.1
Gross Receipts
$222,308
Mission and Program Overview

Mission

To fund scholarships to students of the university of tennessee through different programs related to the sigma phi epsilon fraternity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$1,325,097$1,299,438▼ $25,659
Investments in Publicly Traded Securities$1,292,769$1,289,149▼ $3,620
Savings and Temporary Cash Investments$30,843--
Cash and Non-Interest-Bearing Accounts$1,485$10,289▲ $8,804
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$1,325,097$1,299,438▼ $25,659
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,325,097$1,299,438▼ $25,659
Total Liabilities and Net Assets / Fund Balance$1,325,097$1,299,438▼ $25,659
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kelly WilliamsChairman
Bob BoatrightBoard of Trustee Member
Don TateBoard of Trustee Member
Jim ClaytonBoard of Trustee Member
Joe ClaytonBoard of Trustee Member
Marty YarboughBoard of Trustee Member
Matt VancleveBoard of Trustee Member
Ray GreerBoard of Trustee Member
Shane HiteBoard of Trustee Member
Tom CarpenterBoard of Trustee Member
Tom HodgesBoard of Trustee Member
Jearl RainwaterTrustee Emeritus
Bryce GieslerEx-officio
Mark SparkmanEx-officio
Mike HickeySecretary
Bob LeonardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$30,347
Program Service Revenue
$0
Investment Income
$65,817
Other Revenue
$170
All Other Contributions
$30,347
Change in Net Assets
$-51,483
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$93,917
Grants and Similar Amounts Paid$53,900
Total Fundraising Expense$4,131
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$53,900--$53,900
Fees for Service Investment Mgmnt Fees-$5,019-$5,019
Other Expenses$15,286$6,000$4,131$4,131
All Other Expenses-$1,401-$1,401
Total Functional Expenses$131,266$12,420$4,131$147,817
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$800
Fundraising Direct Expenses$630
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-TrusteeInvestment Management FeesNo$5,019
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

James and joe clayton, members of the board of directors, are brothers.

Form 990, Part VI, Section B, Line 11B

A complete copy of the organization's final form 990 (including all required schedules), as ultimately filed with the irs, was provided to each person who was a voting member of the governing body at the time the form 990 was prepared, whether in paper or electronic form, before its filing with the irs.

Form 990, Part VI, Section C, Line 19

Made available upon request.

Filing and Contact Details

Filer

Filer Name
Tennalspe Inc
EIN
62-1367966
Phone
4236390187
Address
PO BOX 416, GREENEVILLE, TN 37744

Signing Officer

Name
Robert Leonard
Title
Treasurer
Phone
4236390187
Signed
2019-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Leonard
Formed
1988
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Firm
Blackburn Childers & Steagall Plc
Address
801B SUNSET DRIVE, JOHNSON CITY, TN 37604-3033
Preparer
Kenneth a Benson
Phone
4232824511
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IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt062080
IRS990/ProgSrvcAccomActy3Grp/Desc0FUNDS PROVIDED FOR THE ESTABLISHMENT OF A LEARNING/STUDY CENTER FOR COLLEGE STUDENTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt015286
IRS990/ProgSrvcAccomActyOtherGrp/Desc0SCHOLARSHIP PROGRAMS: PROVIDE FUNDS FOR BALANCED MAN SCHOLARSHIPS TO INCOMING FRESHMAN TO THE UNIVERSITY OF TENNESSEE.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt06500
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt06500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt032651
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt045140
IRS990/PYInvestmentIncomeAmt036273
IRS990/PYOtherExpensesAmt017960
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05824
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt063100
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt068924
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-51483
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt030843
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt030347
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt032651
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt014615
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt08045
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt045930
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0131588
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt025863
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt024633
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt023023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt022577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt020386
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0116482
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0800
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0300
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01122
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02222
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39710
IRS990ScheduleA/PublicSupportPY170Pct00.37810
IRS990ScheduleA/PublicSupportTotal170Amt099391
IRS990ScheduleA/SubstantialContributorsTotAmt032197
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt030347
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt032651
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt014615
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt08045
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt045930
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0131588
IRS990ScheduleA/TotalSupportAmt0250292
IRS990/ScheduleBRequiredInd01
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIP PROGRAM
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1BALANCED MAN SCHOLARSHIP
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt047400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt16500
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0SCHOLARSHIPS AWARDED TO STUDENTS BASED ON SPECIFIC CRITERIA
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc1SCHOLARSHIPS AWARDED TO FRESHMAN
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt047
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt17
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED BY A SUBCOMMITTEE OF THE BOARD THROUGH THEIR REVIEW OF THE RESPECTIVE APPLICATIONS. THE SCHOLARSHIPS ARE AWARDED BASED ON THE COMMITMENT OF ACHIEVEMENT THROUGH ACADEMICS, LEADERSHIP ACTIVITIES AND CAMPUS ACTVITIES WITH FINANCIAL NEED AS A SEPARATE FACTOR.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CLAYTON BANK AND TRUST
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0TRUSTEE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt05019
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INVESTMENT MANAGEMENT FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0JAMES AND JOE CLAYTON, MEMBERS OF THE BOARD OF DIRECTORS, ARE BROTHERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMPLETE COPY OF THE ORGANIZATION'S FINAL FORM 990 (INCLUDING ALL REQUIRED SCHEDULES), AS ULTIMATELY FILED WITH THE IRS, WAS PROVIDED TO EACH PERSON WHO WAS A VOTING MEMBER OF THE GOVERNING BODY AT THE TIME THE FORM 990 WAS PREPARED, WHETHER IN PAPER OR ELECTRONIC FORM, BEFORE ITS FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01325097
IRS990/TotalAssetsEOYAmt01299438
IRS990/TotalAssetsGrp/BOYAmt01325097
IRS990/TotalAssetsGrp/EOYAmt01299438
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt030347
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt04131
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012420
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0131266
IRS990/TotalFunctionalExpensesGrp/TotalAmt0147817
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01325097
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01299438
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt06500
IRS990/TotalOtherProgSrvcGrantAmt06500
IRS990/TotalProgramServiceExpensesAmt0131266
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt065987
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt096334
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01325097
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01299438
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 416
IRS990/USAddress/CityNm0GREENEVILLE
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037744
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02020-01-14 16:20:31Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.00$2.18$0.93$0.03$0.91
2024Detailed filing. Detailed filing data is available for this year.$1.90$0.00$1.90$0.05$0.04$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.06$0.05$0.01
2022Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.08$0.08$0.00
2021Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.09$0.04$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.05$0.04$0.01
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$0.10$0.15$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.33$0.00$1.33$0.07$0.06$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.04$0.05$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.03$0.06$0.03
2015Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.41$0.06$0.36
2014Detailed filing. Detailed filing data is available for this year.$0.94$0.00$0.94$0.07$0.06$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.00$0.82$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.73$0.00$0.73$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$0.04
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.62$0.00$0.62$0.03$0.04$0.07