Tennessee Valley Robotics
- Assets
- $582.5k
- Revenue
- $996.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Signal Mountain, TN
- Founding
- 09/2017
- Data as of
- 12/2023
- 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 12/2023, Tennessee Valley Robotics employed 2 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 12/2023, Tennessee Valley Robotics generated $996.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. 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
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 | OfficerTrustee | 10 | $37,000 |
Tracy Hightower Director | OfficerTrustee | 1 | $0 |
Richard Manning President | OfficerTrustee | 1 | $0 |
Jennifer Johnson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $324,382 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,747 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $996,129 |
| 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 | $996,129 |
| 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. | $186,130 |
| Compensation of current officers, directors, key employees. | $18,613 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,228 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,121 |
| Advertising and promotion | $17,549 |
| Office expenses | $5,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $46,527 |
| 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 | $119,118 |
| Insurance | $3,735 |
| All other expenses | $0 |
| Total functional expenses | $1,097,263 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $432,539 |
| 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 | $1,597 |
| Net Land, buildings, and equipment | $148,385 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $582,521 |
| Accounts payable and accrued expenses | $15,449 |
| 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 | $15,449 |
| Net assets without donor restrictions | $140,417 |
| Net assets with donor restrictions | $426,655 |
| 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 | $582,521 |
Grants Awarded
Over the last fiscal year, Tennessee Valley Robotics has awarded $41,250 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AUBURN UNIVERSITY FOUNDATION PURPOSE: ROBOTICS EDUCATION | $11,250 |
FANNIN COUNTY BOARD OF EDUCATION PURPOSE: ROBOTICS EDUCATION | $10,000 |
FIRST PURPOSE: SENIOR MENTOR ROBOTICS TRAINING | $20,000 |