Tennessee Valley Agricultural & Industrial Fair
- Assets
- $1.9m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 176
- Location
- Knoxville, TN
- Founding
- 08/1943
- Data as of
- 12/2023
- EIN
- 62-0479355
Organization Overview
Tennessee Valley Agricultural & Industrial Fair is located in Knoxville, TN. The organization was established in 1943. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. As of 12/2023, Tennessee Valley Agricultural & Industrial Fair employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Valley Agricultural & Industrial Fair is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tennessee Valley Agricultural & Industrial Fair generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF ANNUAL AGRICULTURAL AND INDUSTRIAL FAIR
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF THE ANNUAL TENNESSEE VALLEY AGRICULTURAL AND INDUSTRIAL FAIR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Suchomski Exc Director | Officer | 40 | $128,193 |
Brad Anders Director | Trustee | 1 | $0 |
Dino Cartwright Director | Trustee | 1 | $0 |
Robert Chadwell Director | Trustee | 1 | $0 |
Dr Tim Cross Director | Trustee | 1 | $0 |
Dean Farmer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,051 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,051 |
| Total Program Service Revenue | $2,357,659 |
| Investment income | $16,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,475,829 |
| 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. | $136,919 |
| Compensation of current officers, directors, key employees. | $136,919 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $364,606 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,374 |
| Payroll taxes | $37,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $155,313 |
| Office expenses | $28,099 |
| Information technology | $16,501 |
| Royalties | $0 |
| Occupancy | $28,005 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,704 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,992 |
| Insurance | $47,714 |
| All other expenses | $364,111 |
| Total functional expenses | $2,241,034 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,628 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,367 |
| 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 | $0 |
| Net Land, buildings, and equipment | $804,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,868,669 |
| Accounts payable and accrued expenses | $58,919 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $58,919 |
| Net assets without donor restrictions | $1,809,750 |
| 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 | $1,868,669 |