Bicentennial Volunteers
- Assets
- $22.2m
- Revenue
- $5.3m
- Investments
- $20.0m
- Employees
- 15
- Location
- Knoxville, TN
- Founding
- 01/1986
- Data as of
- 09/2023
- EIN
- 62-1204440
Organization Overview
Bicentennial Volunteers is located in Knoxville, TN. The organization was established in 1986. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 09/2023, Bicentennial Volunteers employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bicentennial Volunteers 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 09/2023, Bicentennial Volunteers generated $5.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.9m during the year ending 09/2023. While expenses have increased by 8.8% 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.
Since 2017, Bicentennial Volunteers has awarded 31 individual grants totaling $5,178,907. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BICENTENNIAL VOLUNTEERS (BVI) SUPPORTS THE TENNESSEE VALLEY AUTHORITY (TVA) AND THE THE PEOPLE OF THE TVA SERVICE AREA BY PROVIDING FUNDING FOR CHARITABLE PROJECTS INCLUDING FUNDING FOR ROBOTICS EDUCATION AND COMPETITIONS, STEM EDUCATION AT SCHOOLS WITHIN THE TVA SERVICE AREA, AS WELL AS SUPPORTING OTHER CHARITABLE ORGANIZATIONS AND RELATED ORGANIZATIONS IN THEIR CHARITABLE ENDEAVORS. BVI PROVIDES A VOLUNTEER STAFF TO SUPPORT THE TENNESSEE VALLEY AUTHORITY (TVA)-OWNED VISITOR CENTERS, EDUCATIONAL AND PUBLIC INFORMATION PROGRAMS. IT ALSO PROVIDES MANAGEMENT SERVICES TO RELATED TAX-EXEMPT ORGANIZATIONS HAVING SHARED INTEREST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTING STEM EDUCATION THROUGHOUT GREATER TENNESSEE VALLEY. COLLABORATED WITH TVA, AND STEMX TO SUPPORT AREA SCHOOLS AND TEACHERS BY PROVIDING FUNDING FOR GRANTS REQUESTED TO PROMOTE STEM LEARNING.
BVI PROVIDED FUNDING TO SUPPORT THE CREATIVE DISCOVERY MUSEUM OF CHATTANOOGA.
SUPPORTING SCHOOLS ,THROUGH TENNESSEE VALLEY ROBOTICS, ACROSS TENNESSEE VALLEY PARTICIPATING IN ROBOTICS COMPETITIONS. SUPPORTING THE ORGANIZATION TO CONTINUE PROVIDING EDUCATION THROUGH THE USE OF ROBOTICS, TEAM WORK AND COMPETITIONS.
BVI SUPPORTED THE TVARA ORGANIZATION WHICH THEN SUPPORTED VARIOUS COMMUNITY OUTREACH PROJECTS INCLUDING FOOD BANK DONATIONS, GARDEN PROJECTS, WHEELCHAIR RAMPS, AND SUPPORTED VARIOUS OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Giggy Vice Chairman | OfficerTrustee | 4 | $3,240 |
Bruce Schofield Chairman | OfficerTrustee | 4 | $0 |
Ralph Rodgers Member | Trustee | 4 | $0 |
Janet Herrin Member | Trustee | 4 | $0 |
John Hoskins Secretary | OfficerTrustee | 4 | $0 |
Tim Cornelius Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,825,000 |
| Government grants | $0 |
| 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 | $2,825,000 |
| Total Program Service Revenue | $1,802,150 |
| Investment income | $597,307 |
| 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 | $5,263,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,360,427 |
| 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. | $411,748 |
| Compensation of current officers, directors, key employees. | $411,748 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $645,687 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $292,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $50,656 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,280 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $196,680 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $465,213 |
| All other expenses | $78,249 |
| Total functional expenses | $3,947,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,051,309 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,706 |
| 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 | $120,515 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,979,379 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,156,909 |
| Accounts payable and accrued expenses | $435,855 |
| 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 | $435,855 |
| Net assets without donor restrictions | $21,721,054 |
| 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 | $22,156,909 |
Grants Awarded
Over the last fiscal year, Bicentennial Volunteers has awarded $1,344,391 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
TVA RETIREES ASSOCIATION (TVARA) PURPOSE: PROVIDE FUNDING TO SUPPORT VARIOUS PROJECTS. | $290,529 |
BATTELLE EDUCATION PURPOSE: PROVIDE FUNDING TO SUPPORT STEM MINI GRANTS. | $500,000 |
TENNESSEE VALLEY ROBOTICS PURPOSE: PROVIDE FUNDING TO SUPPORT THE ORGANIZATION TO CONTINUE PROVIDING ROBOTICS IN EDUCATION. | $300,000 |
TENNESSEE VALLEY AUTHORITY PURPOSE: PROVIDE FUNDING TO SUPPORT MEMPHIS RELATED PROJECTS WITH MOORE TECH. | $157,612 |
CREATIVE DISCOVERY MUSEUM PURPOSE: PROVIDE FUNDING TO UPGRADE MUSEUM. | $50,000 |
HAPPY VALLEY COMMUNITY CLUB PURPOSE: PROVIDE FUNDING FOR REPAIRS TO HAPPY VALLEY SCHOOL HOUSE HISTORIC PRESERVATION. | $15,000 |