Civic Intelligence

Model City Makerspace the Inventor Center

990 • Fiscal year 2021 • EIN 82-2571762

Jul 01, 2020 to Jun 30, 2021 • Filed on Jun 30, 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

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

26th percentile

-7.5%

Higher net margin than 26% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

31st percentile

-5.5%

Faster asset growth than 31% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

8th percentile

-76%

Faster revenue growth than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$324,254

Down $18,736 (-5.5%) from 2020

Net Assets

Down

$324,254

Down $6,417 (-1.9%) from 2020

Liabilities

Down

$0

Down $12,319 (-100%) from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin26th percentile

Revenue

Down

$85,093

Down $270,830 (-76%) from 2020

Expenses

Up

$91,510

Up $66,258 (+262%) from 2020

Net Income

Down

-$6,417

Down $337,088 (-102%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2021

Assets$324,254
Liabilities$0
Net Assets$324,254
Open 2021 Filing

Operations Trend

Revenue Growth8th percentile

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

2021

Revenue$85,093
Expenses$91,510
Net Income-$6,417
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Jun 30, 2022
Return Version
2020v4.1
Gross Receipts
$85,093
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$301,330▼ $27,041
Cash and Non-Interest-Bearing Accounts$14,619$22,924▲ $8,305
Total Assets$342,990$324,254▼ $18,736
Liabilities
Other Liabilities$12,319--
Total Liabilities$12,319$0▼ $12,319
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$330,671$324,254▼ $6,417
Total Net Assets Fund Balance$330,671$324,254▼ $6,417
Total Liabilities and Net Assets / Fund Balance$342,990$324,254▼ $18,736

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$208,107$8,083$216,190
Equipment$93,223$32,245$125,468
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Lucy FlemingPresident
Tom SegelhorstVice President
C Don RoystonDirector
Casey SalyerDirector
John CampbellDirector
John RoseDirector
Mark DingusDirector
Mark SuttonDirector
H Barrow TurnerSecretary
Bonnie McdonaldTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$67,580
Program Service Revenue
$5,252
Investment Income
$0
Other Revenue
$12,261
Change in Net Assets
$-6,417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,371
Salaries, Compensation, and Employee Benefits$35,139
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$35,139-$35,139
Depreciation Depletion-$27,041-$27,041
All Other Expenses-$6,816-$6,816
Occupancy-$6,167-$6,167
Office Expenses-$4,661-$4,661
Insurance-$3,226-$3,226
Other Expenses-$2,153-$2,153
Information Technology-$765-$765
Advertising-$242-$242
Total Functional Expenses$0$91,510$0$91,510
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
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
2022-06-30
Discuss with paid preparer
No

Organization Details

Formed
2017
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
3

Preparer

Firm
C Don Royston CPA
Address
1083 HIDDEN VALLEY RD, Kingsport, TN 37663
Preparer
C Don Royston CPA
Phone
4232920271
Supplemental Narrative

Additional Explanations

Amended return information

“Assets transferred to model city makerspace on behalf of the city of kingsport, tennessee we never recorded on the books for fye 6/30/2020 therefore changing the asset balance foward and related depreciation expense for current year. The fye 6/30/20 was not filed but has been filed as of this filing date.”

Raw XML Appendix377 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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IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0216190
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0301330
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ASSETS TRANSFERRED TO MODEL CITY MAKERSPACE ON BEHALF OF THE CITY OF KINGSPORT, TENNESSEE WE NEVER RECORDED ON THE BOOKS FOR FYE 6/30/2020 THEREFORE CHANGING THE ASSET BALANCE FOWARD AND RELATED DEPRECIATION EXPENSE FOR CURRENT YEAR. THE FYE 6/30/20 WAS NOT FILED BUT HAS BEEN FILED AS OF THIS FILING DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERSHIP IS OPEN TO AGE QUALIFIED (SAFETY) DUES PAYING MEMBERS THERE IS ONLY ONE CLASS OF MEMBER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY MEMBER IN GOOD STANDING MAY BE ELECTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS ELECTED BY THE MEMBERS MAKES ALL GOVERNING DECISIONS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 AND STATE FILINGS ARE REVIEWED BY THE OFFICERS AND BOARD BEFORE RELEASE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONFLICT OF INTEREST POLICY IS ACCEPTED AND EXECUTED BY ALL DIRECTORS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO OFFICERS OR DIRECTORS ARE COMPENSATED NO DIRECTORS ARE COMPENSATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO OFFICERS OR DIRECTORS ARE COMPENSATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 990 IS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Amended return information
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Governing documents etc available to public Part VI line 19
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IRS990/TaxExemptBondsInd0false
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IRS990/TotalAssetsEOYAmt0324254
IRS990/TotalAssetsGrp/BOYAmt0342990
IRS990/TotalAssetsGrp/EOYAmt0324254
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IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt091510
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt091510
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IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0330671
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0324254
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt05252
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt012261
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05252
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt085093
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0342990
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0324254
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IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0WWW.theinventorcenter.com
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/OOBSecurityVerificationCd000
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0LUCY FLEMING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04237650900
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-30
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/ReturnTs02022-06-30T15:43:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LUCY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FLEMING
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$324,254
Liabilities
$0
Net assets
$324,254
Revenue
$85,093
Expenses
$91,510
Net income
-$6,417
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
2021Detailed filing. Detailed filing data is available for this year.$3.24$0.00$3.24$0.85$0.92$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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