Civic Intelligence

Model City Makerspace the Inventor Center

990 • Fiscal year 2020 • EIN 82-2571762

Jul 01, 2019 to Jun 30, 2020 • Filed on Jun 27, 2022

Organization ProfileWWW.theinventorcenter.com
118 Shelby StKingsport, TN 37660

(423) 765-0900

Siviq Scores

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

Liabilities / Assets

68th percentile

0.04x

Higher debt load relative to assets than 68% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

69th percentile

0.03x

Higher debt load relative to revenue than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

98th percentile

93%

Higher net margin than 98% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

100th percentile

34298900%

Faster asset growth than 100% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets68th percentile

Assets

Up

$342,990

Up $342,989 (+34298900%) from 2019

Net Assets

$330,671

No earlier filing loaded for comparison.

Liabilities

Up

$12,319

Up $12,319 from 2019

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin98th percentile

Revenue

Up

$355,923

Up $355,923 from 2019

Expenses

Up

$25,252

Up $25,252 from 2019

Net Income

Up

$330,671

Up $330,671 from 2019

Historical Trend

Balance Sheet Trend

Asset Growth100th percentile

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

$400K$300K$200K$100K$0Assets 2019: $1Liabilities 2019: $02019Assets 2020: $342,990Liabilities 2020: $12,319Net Assets 2020: $330,6712020Assets 2021: $324,254Liabilities 2021: $0Net Assets 2021: $324,2542021Assets 2022: $327,415Liabilities 2022: $0Net Assets 2022: $327,4152022Assets 2023: $291,727Liabilities 2023: $749Net Assets 2023: $290,9782023Assets 2024: $282,127Liabilities 2024: $0Net Assets 2024: $282,1272024Assets 2025: $250,226Liabilities 2025: $0Net Assets 2025: $250,2262025

Highlighted filing

2020

Assets$342,990
Liabilities$12,319
Net Assets$330,671
Open 2020 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$400K$300K$200K$100K$0-$100KRevenue 2019: $0Expenses 2019: $0Net Income 2019: $02019Revenue 2020: $355,923Expenses 2020: $25,252Net Income 2020: $330,6712020Revenue 2021: $85,093Expenses 2021: $91,510Net Income 2021: -$6,4172021Revenue 2022: $84,801Expenses 2022: $81,640Net Income 2022: $3,1612022Revenue 2023: $57,919Expenses 2023: $94,356Net Income 2023: -$36,4372023Revenue 2024: $91,495Expenses 2024: $100,346Net Income 2024: -$8,8512024Revenue 2025: $53,352Expenses 2025: $85,253Net Income 2025: -$31,9012025

Highlighted filing

2020

Revenue$355,923
Expenses$25,252
Net Income$330,671
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jun 27, 2022
Return Version
2019v5.1
Gross Receipts
$355,923
Mission and Program Overview

Mission

Model city makerspace aims to create a world-class center for learning and product development by providing the tools and networks needed to propel product-centered entrepreneurship, inspiring inventors throughout the region, nation, and world to start their business in kingsport

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$328,371-
Cash and Non-Interest-Bearing Accounts-$14,619-
Total Assets$0$342,990▲ $342,990
Liabilities
Other Liabilities-$12,319-
Total Liabilities$0$12,319▲ $12,319
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$330,671-
Total Net Assets Fund Balance$0$330,671▲ $330,671
Total Liabilities and Net Assets / Fund Balance$0$342,990▲ $342,990

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$213,650$2,540$216,190
Equipment$114,721$10,747$125,468
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
C Don RoystonDirector
Casey SalyerDirector
John CampbellDirector
John RoseDirector
Mark DingusDirector
Mark SuttonDirector
Bonnie McdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$354,701
Program Service Revenue
$1,222
Investment Income
$0
Other Revenue
$0
All Other Contributions
$344,158
Change in Net Assets
$330,671

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$341,658Book Value-Fair Market Value (FMV)
Total Noncash Contributions1$341,658-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$18,784
Salaries, Compensation, and Employee Benefits$6,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion-$13,287-$13,287
Other Salaries and Wages-$6,008-$6,008
Insurance-$2,378-$2,378
Occupancy-$1,299-$1,299
Office Expenses-$936-$936
Advertising-$492-$492
Payroll Taxes-$460-$460
Other Expenses-$186-$186
Total Functional Expenses$0$25,252$0$25,252
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
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Payroll Protection Plan Loan$12,261
Payroll Taxes$58
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Membership is open to age qualified (safety) dues paying members there is only one class of member”

Member election for additional members Part VI line 7A

“Any member in good standing may be elected”

Governing body decisions Part VI line 7B

“Board of directors elected by the members makes all governing decisions”

Form 990 governing body review Part VI line 11

“The 990 and state filings are reviewed by the officers and board before release”

Conflict of interest policy compliance Part VI line 12C

“Conflict of interest policy is accepted and executed by all directors”

CEO executive director top management comp Part VI line 15A

“No officers or directors are compensated no directors are compensated”

Other officer or key employee compensation Part VI line 15B

“No officers or directors are compensated”

Governing documents etc available to public Part VI line 19

“The 990 is available for public inspection upon request”

Filing and Contact Details

Filer

Filer Name
Model City Makerspace
EIN
82-2571762
Address
118 SHELBY ST, KINGSPORT, TN 37660
Doing Business As
The Inventor Center

Signing Officer

Name
Lucy Fleming
Title
President
Phone
4237650900
Signed
2022-06-27
Discuss with paid preparer
No

Organization Details

Principal Officer
Lucy Fleming
Formed
2017
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
1

Preparer

Firm
C Don Royston CPA
Address
1083 HIDDEN VALLEY RD, Kingsport, TN 37663
Preparer
C Don Royston CPA
Phone
4232920271
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERSHIP IS OPEN TO AGE QUALIFIED (SAFETY) DUES PAYING MEMBERS THERE IS ONLY ONE CLASS OF MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY MEMBER IN GOOD STANDING MAY BE ELECTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 AND STATE FILINGS ARE REVIEWED BY THE OFFICERS AND BOARD BEFORE RELEASE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4CONFLICT OF INTEREST POLICY IS ACCEPTED AND EXECUTED BY ALL DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO OFFICERS OR DIRECTORS ARE COMPENSATED NO DIRECTORS ARE COMPENSATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO OFFICERS OR DIRECTORS ARE COMPENSATED
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
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IRS990/TotalContributionsAmt0354701
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025252
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt025252
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IRS990/TotalLiabilitiesEOYAmt012319
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IRS990/TotalLiabilitiesGrp/EOYAmt012319
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0330671
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01222
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IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01222
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0355923
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0342990
IRS990/TotReportableCompRltdOrgAmt00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LUCY FLEMING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04237650900
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MODEL CITY MAKERSPACE
ReturnHeader/Filer/BusinessNameControlTxt0MODE
ReturnHeader/Filer/EIN0822571762
ReturnHeader/Filer/USAddress/AddressLine1Txt0118 SHELBY ST
ReturnHeader/Filer/USAddress/CityNm0KINGSPORT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037660
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0C DON ROYSTON CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01083 HIDDEN VALLEY RD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Kingsport
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd037663
ReturnHeader/PreparerPersonGrp/PhoneNum04232920271
ReturnHeader/PreparerPersonGrp/PreparationDt02022-06-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0C Don Royston CPA
ReturnHeader/ReturnTs02022-06-30T15:21:45-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$342,990
Liabilities
$12,319
Net assets
$330,671
Revenue
$355,923
Expenses
$25,252
Net income
$330,671
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.50$0.00$2.50$0.53$0.85$0.32
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.82$0.00$2.82$0.91$1.00$0.09
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.92$0.01$2.91$0.58$0.94$0.36
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.27$0.00$3.27$0.85$0.82$0.03
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.24$0.00$3.24$0.85$0.92$0.06
2020Detailed filing. Detailed filing data is available for this year.$3.43$0.12$3.31$3.56$0.25$3.31
2019Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00