Tennessee Valley Public Power Assocation Inc
- Assets
- $35.1m
- Revenue
- $8.6m
- Investments
- $25.7m
- Employees
- 22
- Location
- Chattanooga, TN
- Founding
- 06/1968
- Data as of
- 12/2022
- EIN
- 62-0468356
Organization Overview
Tennessee Valley Public Power Assocation Inc is located in Chattanooga, TN. The organization was established in 1968. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Tennessee Valley Public Power Assocation Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Valley Public Power Assocation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Tennessee Valley Public Power Assocation Inc generated $8.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $8.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
REPRESENT MEMBER INTERESTS, PROMOTE EFFICIENCY AND PROFESSIONAL DEVELOPMENT FOR EMPLOYEES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRINCIPAL, OR PRIMARY PROGRAM SERVICE IS TO PROVIDE, THROUGH BOTH TVPPA PERSONNEL AND VOLUNTEER EFFORTS OF MUNICIPAL AND COOPERATIVE ELECTRIC SYSTEM MANAGERS WITH TVPPA STAFF SUPPORT, THE FOLLOWING: CONSULTATION, ADVICE, AND REPRESENTATION THROUGH EXPERT PROFESSIONAL ASSISTANCE TO THE ASSOCIATION'S MEMBERS IN THEIR ONGOING RELATIONSHIPS WITH TVA WITH RESPECT TO TERMS AND CONDITIONS OF CONTRACTS, RATES, CONSERVATION PROGRAMS, AND OTHER MATTERS TO AID AND FACILITATE THE MUNICIPAL AND COOPERATIVE ELECTRIC MEMBER UTILITIES IN ACHIEVING THEIR OBJECTIVE TO SELL ELECTRIC ENERGY AND POWER TO THE ULTIMATE CONSUMER RATEPAYER AT THE LOWEST FEASIBLE RATE.
A SECOND MAJOR ORGANIZATION MEMBER PROGRAM IS THE OFFERING OF EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, TRAINING AND INSTRUCTION TO ADVANCE THE PROFESSIONAL DEVELOPMENT OF EMPLOYEES OF THE ASSOCIATION'S MEMBERS AND OTHERS IN THE INDUSTRY WHOSE OCCUPATIONAL RESPONSIBILITIES ARE IN DISCIPLINES SUCH AS ENGINEERING, OPERATIONS, FINANCE, ACCOUNTING, HUMAN RESOURCES AND MANAGEMENT SERVICES.
A THIRD AREA OF THE ASSOCIATION'S PRIMARY ACTIVITIES IS COMMUNICATION IN BOTH WRITTEN AND ELECTRONIC FORM, AS WELL AS IN THE MEDIA, WITH ITS MEMBERS AND THEIR KEY STAFF, PUBLIC OFFICIALS, POLICYMAKERS AND THE GENERAL PUBLIC WITH REGARD TO THE ACTIVITIES OF MUNICIPAL COOPERATIVE ELECTRIC SYSTEMS IN THE TVA REGION, DEVELOPMENT OF NATIONAL INTEREST AFFECTING THE OPERATIONS OF MUNICIPAL AND COOPERATIVE NONPROFIT ELECTRIC SYSTEMS, TECHNICAL ADVANCES, AND PUBLIC POLICY DEVELOPMENTS AFFECTING THE ELECTRIC ENERGY INDUSTRY, PARTICULARLY IN THE TVA REGION.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wes Kelley Chairman | OfficerTrustee | 4 | $0 |
Keith Carnahan Vice-Chairman | OfficerTrustee | 2 | $0 |
Kenny Baird Secretary/treasurer | OfficerTrustee | 3 | $0 |
Chris Jones End 52022 Director | Trustee | 2 | $0 |
Jeff Newman Director | Trustee | 1 | $0 |
Larry Kernea Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James A Fuller Instructor | 12/30/22 | $189,614 |
Sp Safety Specs Instructor | 12/30/22 | $165,569 |
Meguire Whitney Lobbyist | 12/30/22 | $150,000 |
Miller Martin Lawyer | 12/30/22 | $141,460 |
Better Safety & Training Instructor | 12/30/22 | $146,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,548,331 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $521,052 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,069,383 |
| Total Program Service Revenue | $6,661,132 |
| Investment income | $102,859 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,733 |
| Net Gain/Loss on Asset Sales | $76,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,595,984 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,273,736 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,062,890 |
| Pension plan accruals and contributions | $456,588 |
| Other employee benefits | $303,150 |
| Payroll taxes | $143,765 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $154,777 |
| Fees for services: Accounting | $34,430 |
| Fees for services: Lobbying | $150,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,876 |
| Fees for services: Other | $2,873,999 |
| Advertising and promotion | $46,447 |
| Office expenses | $126,875 |
| Information technology | $170,725 |
| Royalties | $0 |
| Occupancy | $139,337 |
| Travel | $215,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,050,508 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $133,650 |
| Insurance | $289,556 |
| All other expenses | $0 |
| Total functional expenses | $8,688,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $346,115 |
| Savings and temporary cash investments | $2,996,033 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $739,872 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,043 |
| Net Land, buildings, and equipment | $1,490,434 |
| Investments—publicly traded securities | $3,719,302 |
| Investments—other securities | $25,691,708 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $62,369 |
| Total assets | $35,095,876 |
| Accounts payable and accrued expenses | $705,904 |
| Grants payable | $0 |
| Deferred revenue | $546,247 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $62,369 |
| Total liabilities | $1,314,520 |
| Net assets without donor restrictions | $33,781,356 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,095,876 |