Tennessee Valley Robotics
- Assets
- $522.5k
- Revenue
- $700.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Signal Mountain, TN
- Founding
- 09/2017
- Data as of
- 12/2021
- EIN
- 81-1232323
Organization Overview
Tennessee Valley Robotics is located in Signal Mountain, TN. The organization was established in 2017. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Tennessee Valley Robotics employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Valley Robotics 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 12/2021, Tennessee Valley Robotics generated $700.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.9% each year . All expenses for the organization totaled $563.7k during the year ending 12/2021. While expenses have increased by 18.8% per year over the past 5 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ROBOTICS IN THE SCHOOLS AND WITH INDIVIDUALS WITH THE OBJECTIVE OF PREPARING STUDENTS IN STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) SUBJECTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ROBOTICS IN THE SCHOOLS AND WITH INDIVIDUALS WITH THE OBJECTIVE OF PREPARING STUDENTS IN THE TENNESSEE VALLEY STEM SUBJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Spencer Treasurer | OfficerTrustee | 40 | $148,990 |
Scott Rosenow Secretary | Trustee | 5 | $38,000 |
Richard Manning President | OfficerTrustee | 1 | $0 |
Tracy Hightower Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $263,910 |
| Related organizations | $0 |
| Government grants | $351,686 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,689 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $700,285 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $700,285 |
| 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. | $187,240 |
| Compensation of current officers, directors, key employees. | $18,724 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,624 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,106 |
| Advertising and promotion | $5,022 |
| Office expenses | $3,508 |
| Information technology | $743 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $16,924 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,029 |
| Insurance | $3,985 |
| All other expenses | $0 |
| Total functional expenses | $563,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $362,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $159,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $522,523 |
| Accounts payable and accrued expenses | $3,853 |
| 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 | $3,853 |
| Net assets without donor restrictions | $206,986 |
| Net assets with donor restrictions | $311,684 |
| 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 | $522,523 |
Grants Awarded
Over the last fiscal year, Tennessee Valley Robotics has awarded $41,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Manchester, NH PURPOSE: SENIOR MENTOR ROBOTICS TRAINING | $20,000 |
Auburn, AL PURPOSE: ROBOTICS EDUCATION | $11,250 |
FANNIN COUNTY BOARD OF EDUCATION PURPOSE: ROBOTICS EDUCATION | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tennessee Valley Robotics has recieved totaling $305,250.
| Awarding Organization | Amount |
|---|---|
Bicentennial Volunteers Knoxville, TN PURPOSE: PROVIDE FUNDING TO SUPPORT THE ORGANIZATION TO CONTINUE PROVIDING ROBOTICS IN EDUCATION. | $300,000 |
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $5,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Americas Foundation Reston, VA | $108,030,545 | $39,445,693 |
Youth Enrichment Program Of Wilson Wilson, NC | $22,968,665 | $15,099,824 |
Seeding Success Memphis, TN | $15,830,696 | $16,460,800 |
Camp War Eagle Inc Rogers, AR | $15,866,509 | $9,318,920 |
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Kingdom House St Louis, MO | $3,626,338 | $5,069,438 |
Youth Bridge Properties Inc Fayetteville, AR | $0 | $256,554 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
People-Providing Equal Opportunities Promoting Learning Little Rock, AR | $39,869,871 | $7,557,371 |