Civic Intelligence

University of Tennessee

EIN 62-6047697 • 501(c)3 • Knoxville, TN

Profile

Promoted, encouraged, and aided scientific, social and/or educational investigation and research by assisting the marketing of technologies.

505 Summer PlaceKnoxville, TN 37902

utrf.tennessee.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

29th percentile

0.08x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.54x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

87th percentile

42%

Higher net margin than 87% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

39th percentile

3.1%

Faster asset growth than 39% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

83rd percentile

39%

Faster revenue growth than 83% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$97,292,299

Up $2,969,426 (+3.1%) from 2023

Liabilities

Down

$7,603,265

Down $2,693,612 (-26%) from 2023

Net Assets

Up

$89,689,034

Up $5,663,038 (+6.7%) from 2023

Revenue

Up

$14,160,674

Up $3,990,240 (+39%) from 2023

Expenses

Up

$8,172,799

Up $448,914 (+5.8%) from 2023

Net Income

Up

$5,987,875

Up $3,541,326 (+145%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0Assets 2010: $46,612,271Liabilities 2010: $5,031,026Net Assets 2010: $41,581,2452010Assets 2011: $56,444,779Liabilities 2011: $7,586,242Net Assets 2011: $48,858,5372011Assets 2012: $55,923,858Liabilities 2012: $1,870,445Net Assets 2012: $54,053,4132012Assets 2013: $63,678,953Liabilities 2013: $3,166,828Net Assets 2013: $60,512,1252013Assets 2014: $66,854,519Liabilities 2014: $2,778,928Net Assets 2014: $64,075,5912014Assets 2015: $70,868,689Liabilities 2015: $2,330,334Net Assets 2015: $68,538,3552015Assets 2016: $72,538,359Liabilities 2016: $2,289,856Net Assets 2016: $70,248,5032016Assets 2017: $72,868,104Liabilities 2017: $1,461,387Net Assets 2017: $71,406,7172017Assets 2018: $74,884,223Liabilities 2018: $789,501Net Assets 2018: $74,094,7222018Assets 2019: $75,967,683Liabilities 2019: $966,175Net Assets 2019: $75,001,5082019Assets 2020: $77,646,947Liabilities 2020: $1,229,939Net Assets 2020: $76,417,0082020Assets 2021: $80,448,414Liabilities 2021: $679,455Net Assets 2021: $79,768,9592021Assets 2022: $82,756,683Liabilities 2022: $908,067Net Assets 2022: $81,848,6162022Assets 2023: $94,322,873Liabilities 2023: $10,296,877Net Assets 2023: $84,025,9962023Assets 2024: $97,292,299Liabilities 2024: $7,603,265Net Assets 2024: $89,689,0342024

Highlighted filing

2024

Assets$97,292,299
Liabilities$7,603,265
Net Assets$89,689,034

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40M$30M$20M$10M$0Expenses 2010: $5,643,2232010Revenue 2011: $39,455,694Expenses 2011: $32,204,394Net Income 2011: $7,251,3002011Expenses 2012: $33,474,2462012Expenses 2013: $4,820,1122013Revenue 2014: $7,848,446Expenses 2014: $4,366,318Net Income 2014: $3,482,1282014Revenue 2015: $9,812,547Expenses 2015: $5,351,794Net Income 2015: $4,460,7532015Revenue 2016: $7,887,503Expenses 2016: $6,176,463Net Income 2016: $1,711,0402016Revenue 2017: $4,866,179Expenses 2017: $3,675,893Net Income 2017: $1,190,2862017Revenue 2018: $9,089,688Expenses 2018: $6,398,434Net Income 2018: $2,691,2542018Revenue 2019: $5,136,204Expenses 2019: $4,243,686Net Income 2019: $892,5182019Revenue 2020: $5,377,295Expenses 2020: $4,117,745Net Income 2020: $1,259,5502020Revenue 2021: $8,459,985Expenses 2021: $5,692,804Net Income 2021: $2,767,1812021Revenue 2022: $8,787,700Expenses 2022: $6,374,849Net Income 2022: $2,412,8512022Revenue 2023: $10,170,434Expenses 2023: $7,723,885Net Income 2023: $2,446,5492023Revenue 2024: $14,160,674Expenses 2024: $8,172,799Net Income 2024: $5,987,8752024

Highlighted filing

2024

Revenue$14,160,674
Expenses$8,172,799
Net Income$5,987,875

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$97.3$7.60$89.7$14.2$8.17$5.99
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$94.3$10.3$84.0$10.2$7.72$2.45
2022Detailed filing. Detailed filing data is available for this year.$82.8$0.91$81.8$8.79$6.37$2.41
2021Detailed filing. Detailed filing data is available for this year.$80.4$0.68$79.8$8.46$5.69$2.77
2020Detailed filing. Detailed filing data is available for this year.$77.6$1.23$76.4$5.38$4.12$1.26
2019Detailed filing. Detailed filing data is available for this year.$76.0$0.97$75.0$5.14$4.24$0.89
2018Detailed filing. Detailed filing data is available for this year.$74.9$0.79$74.1$9.09$6.40$2.69
2017Detailed filing. Detailed filing data is available for this year.$72.9$1.46$71.4$4.87$3.68$1.19
2016Detailed filing. Detailed filing data is available for this year.$72.5$2.29$70.2$7.89$6.18$1.71
2015Detailed filing. Detailed filing data is available for this year.$70.9$2.33$68.5$9.81$5.35$4.46
2014Detailed filing. Detailed filing data is available for this year.$66.9$2.78$64.1$7.85$4.37$3.48
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.7$3.17$60.5$4.82
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.9$1.87$54.1$33.5
2011Summary only. Only limited summary data is available for this year.$56.4$7.59$48.9$39.5$32.2$7.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.6$5.03$41.6$5.64
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 6, 2025
Return Version
2023v6.0
Gross Receipts
$14,160,674
Mission and Program Overview

Mission

Promoted, encouraged, and aided scientific, social and/or educational investigation and research by assisting the marketing of technologies.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$83,035,612$88,698,650▲ $5,663,038
Cash and Non-Interest-Bearing Accounts$7,952,098$14,424,507▲ $6,472,409
Land, Buildings, and Equipment, Net$6,674,920$6,063,117▼ $611,803
Accounts Receivable$7,109,737$4,047,928▼ $3,061,809
Cap Stk Tr Prin Current Funds$990,384$990,384→ $0
Investments Other Securities$157,099$229,319▲ $72,220
Investments in Publicly Traded Securities$478,013$161,315▼ $316,698
Prepaid Expenses and Deferred Charges$39,881$67,080▲ $27,199
Total Assets$94,322,873$97,292,299▲ $2,969,426
Other Assets Total$71,911,125$72,299,033▲ $387,908
Liabilities
Other Liabilities$8,167,580$6,441,017▼ $1,726,563
Accounts Payable and Accrued Expenses$2,129,297$1,162,248▼ $967,049
Total Liabilities$10,296,877$7,603,265▼ $2,693,612
Net Assets / Fund Balance
Total Net Assets Fund Balance$84,025,996$89,689,034▲ $5,663,038
Total Liabilities and Net Assets / Fund Balance$94,322,873$97,292,299▲ $2,969,426

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,015,844$1,222,697$7,238,541
Equipment$47,273$116,658$163,931
Other Assets Org$250,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dr Mahalaxmi KrishnamurthyPresident
Christopher GloverBoard Member
Dr Deborah CrawfordBoard Member
Dr Mike PaulusBoard Member
Dr Wesley ByerlyBoard Member
Lang Wiseman EsqBoard Member
Ted TownsendBoard Member
Tracy ThompsonBoard Member
Ron LoewenAssistant Tr
Dr Todd PonzioHsco Vice Pr
Dr Kusum RathoreMco Vice Pre
William E MasonSecretary
Luke LybrandTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Techstars Central LLCConsulting1050 WALNUT STREET STE 202, Boulder, CO 80302$1,800,000
Lm Partners LLCProject Mgmt520 W SUMMIT HILL DRIVE STE 603, Knoxville, TN 37902$1,093,835
Partners DevelopmentRental520 W SUMMIT HILL DRIVE STE 603, Knoxville, TN 37902$308,540
Jenkins Wilson Taylor & HuntLegal3015 CARRINGTON MILL, Morrisville, NC 27560$244,914
Fisher Broyles LLPLegalPO BOX 935079, Atlanta, GA 31193$189,211
Revenue and Support

Revenue Composition

Contributions and Grants
$2,079,736
Program Service Revenue
$11,499,460
Investment Income
$581,478
Other Revenue
$0
All Other Contributions
$490
Change in Net Assets
$5,987,875

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,160,674
Revenue Not Reported on Form 990
$-314,478
Total Revenue per Audited Statements
$13,846,196
Total Revenue per Form 990
$14,160,674
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,329,170
Salaries, Compensation, and Employee Benefits$1,843,629
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,347,749--$1,347,749
Occupancy$1,287,936--$1,287,936
Fees for Services Other$1,071,938--$1,071,938
Other Employee Benefits$495,880--$495,880
Fees for Services Management$276,928--$276,928
Advertising$132,989--$132,989
Fees for Services Legal$72,378--$72,378
Travel$44,952--$44,952
Insurance$41,614--$41,614
Fees for Services Accounting-$31,800-$31,800
All Other Expenses$30,432--$30,432
Depreciation Depletion$14,317--$14,317
Office Expenses$10,400--$10,400
Other Expenses$10,000--$10,000
Total Functional Expenses$8,140,999$31,800$0$8,172,799

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,183,158
Expenses per Audited Statements$8,172,799
Total Expenses per Form 990$8,172,799
Expenses Not Reported on Form 990$10,359
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
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability Valley Vista$6,237,513
Due to Cfdc$203,504
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 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is reviewed by the audit committee prior to submission.

Form 990, Page 6, Part VI, Line 12C

Corporate secretary sends out and ensures all responses are received.

Form 990, Page 6, Part VI, Line 15A

Requires board and university approval.

Form 990, Page 6, Part VI, Line 15B

Requires board and university approval.

Form 990, Page 6, Part VI, Line 19

Governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
University of Tennessee
EIN
62-6047697
Phone
8659741882
Address
505 SUMMER PLACE, KNOXVILLE, TN 37902

Signing Officer

Name
Dr Mahalaxmi Krishnamurthy
Title
President
Phone
8659741882
Signed
2025-05-06

Organization Details

Principal Officer
Dr Mahalaxmi Krishnamurthy
Formed
1934
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Rodefer Moss & Co Pllc
Address
1350 E ANDREW JOHNSON HWY, GREENEVILLE, TN 37745
Preparer
Curtis H Morrison
Phone
4236388144
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

1,071,938 0 0

Form 990, Part XI, Line 9

BAD DEBT -10,359

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

BAD DEBT 10,359

Raw XML AppendixShowing 400 of 613 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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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP DUES PAID TO LIFE SCIENCE TENNESSEE, INC. THAT USES 10% OF MEMBERSHIP DUES FOR LOBBYING ACTIVITIES.
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