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TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization
TENNESSEE TECHNOLOGY DEVELOPMENT CORPORATION (EIN 62-1765738)
Tax period
2014-07-01 to 2015-06-30
Filed
2016-05-16
IRS object ID
201601379349305350
Schema version
2014v6.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2016-05-16T12:42:00-05:00ReturnTs
Tax Period End2015-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621336737PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1CROSSLIN & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13803 BEDFORD AVENUE SUITE 103AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37215ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2014-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN621765738EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TENNESSEE TECHNOLOGY DEVELOPMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTENNBusinessNameControlTxt
Phone6156734419PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 SEVENTH AVENUE NORTH SUITE 205AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37219ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHARLIE BROCKPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone6158661026PhoneNum
Signature2016-05-16SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEVIN E HICKMANPreparerPersonNm
PTINP01235796PTIN
Phone6153205500PhoneNum
FieldValueIRS element (for citing)
Tax2014TaxYr
Build TS2016-08-17 19:52:53ZBuildTS

Form 990 IRS990

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1LAUNCH TENNESSEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerCHARLIE BROCKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 SEVENTH AVENUE NORTH SUITE 205AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37219ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$5,101,266GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressHTTP://WWW.LAUNCHTN.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1998FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionCREATION OF ECONOMIC ACTIVITY THROUGH DEVELOPMENT OF TECHNOLOGICAL RESEARCH AND DEVELOPMENTActivityOrMissionDesc
Voting Members Governing Body22VotingMembersGoverningBodyCnt
Voting Members Independent22VotingMembersIndependentCnt
Total Employee12TotalEmployeeCnt
Total Volunteers50TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,461,521PYContributionsGrantsAmt
CY Contributions Grants$4,922,453CYContributionsGrantsAmt
PY Program Service Revenue$263,867PYProgramServiceRevenueAmt
CY Program Service Revenue$178,813CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$5,725,388PYTotalRevenueAmt
CY Total Revenue$5,101,266CYTotalRevenueAmt
PY Grants And Similar Paid$2,291,963PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,415,528CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,211,348PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,013,730CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,687,010PYOtherExpensesAmt
CY Other Expenses$1,555,395CYOtherExpensesAmt
PY Total Expenses$5,190,321PYTotalExpensesAmt
CY Total Expenses$4,984,653CYTotalExpensesAmt
PY Revenues Less Expenses$535,067PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$116,613CYRevenuesLessExpensesAmt
Total Assets BOY$31,738,504TotalAssetsBOYAmt
Total Assets EOY$30,656,854TotalAssetsEOYAmt
Total Liabilities BOY$30,642,139TotalLiabilitiesBOYAmt
Total Liabilities EOY$29,443,875TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,096,365NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,212,979NetAssetsOrFundBalancesEOYAmt
MissionCREATION OF ECONOMIC ACTIVITY THROUGH DEVELOPMENT OF TECHNOLOGICAL RESEARCH AND DEVELOPMENT.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$181,142ExpenseAmt
Revenue$55,101RevenueAmt
DescINCITE - DURING FISCAL YEAR 2012, THE STATE OF TENNESSEE AWARDED TTDC A MULTI-YEAR CONTRACT TO SERVE AS ADMINISTRATOR FOR THE INCITE CO- INVESTMENT FUND, A VENTURE CAPITAL FUND THAT MAKES INVESTMENTS IN HIGH-GROWTH, HIGH-POTENTIAL SMALL BUSINESSES IN TENNESSEE. THE U.S. DEPARTMENT OF TREASURY ALLOCATED ECD $29.7 MILLION TO ESTABLISH THE FUND AS PART OF ITS STATE SMALL BUSINESS CREDIT INITIATIVE.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$152,721ExpenseAmt
Grant$152,721GrantAmt
Revenue$24,500RevenueAmt
DescSBIR/STTR SUPPORT PROGRAM - THE ORGANIZATION'S SBIR PHASE 0/00 PROGRAM IS A COMPETITIVE APPLICATION PROCESS DESIGNED TO FINANCIALLY SUPPORT SELECTED SBIR/STTR APPLICANTS IN TENNESSEE. THE PHASE 0 AWARD (PAID-FOR EXPERT SUPPORT SERVICES FOR PHASE I PROPOSALS) AND PHASE 00 (PHASE II PROPOSALS) PROGRAMS ARE AN INNOVATIVE PROCESS ESTABLISHED TO GIVE HIGHLY QUALIFIED PHASE I AND PHASE II APPLICANTS THE BEST POSSIBLE CHANCE TO BE COMPETITIVE IN THE SBIR/STTR PROGRAMS IN TENNESSEE. THE GOAL OF THE PHASE 0/00 SUPPORT EFFORT IS TO ASSIST TENNESSEE FIRMS IN ACHIEVING WIN RATES THAT ARE AT LEAST DOUBLE THE NATIONAL AVERAGES FOR PHASE I AND PHASE II WINS - AND TO MAKE EVERY EFFORT TO ENSURE THAT PHASE I WINNERS BECOME PHASE II WINNERS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$528,543ExpenseAmt
Revenue$89,134RevenueAmt
Desc36/86 CONFERENCE - LAUNCH TENNESSEE'S PRINCIPAL ACTIVITY IN ITS OUTREACH BUSINESS SEGMENT IS ITS ANNUAL CONFERENCE FOCUSED ON ENTREPRENEURSHIP AND SOUTHERN CULTURE. 36/86 FEATURED VENTURE CAPITALISTS AND ANGEL INVESTORS FROM ACROSS THE COUNTRY ALONG WITH AN EXTENSIVE LINEUP OF SPEAKERS AND PANELISTS WITH A FIRSTHAND KNOWLEDGE OF THE POWER OF INNOVATION AND ITS ABILITY TO TRANSFORM A REGION'S ECOSYSTEM.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$3,487,442ExpenseAmt
Grant$2,262,808GrantAmt
Revenue$10,078RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$3,487,442TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$2,262,808TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$10,078TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$4,349,848TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document11IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee12EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members22GoverningBodyVotingMembersCnt
Independent Voting Member22IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PATRICIA BEAVERSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6158661026PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1211 SEVENTH AVENUE NORTH SUITE 205AddressLine1Txt
CityNASHVILLECityNm
State AbbreviationTNStateAbbreviationCd
ZIP37219ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
ALAN BENTLEY
DIRECTOR1.00Yes (X)$0$0$0
ANDRE J BAHOU
DIRECTOR1.00Yes (X)$0$0$0
ANDREW SEAMONS
DIRECTOR1.00Yes (X)$0$0$0
BILL HAGERTY
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
BRIAN DEBUSK
DIRECTOR1.00Yes (X)$0$0$0
BRIAN NOLAND
DIRECTOR1.00Yes (X)$0$0$0
BRUCE DOEG
DIRECTOR1.00Yes (X)$0$0$0
CRAIG FITZHUGH
DIRECTOR1.00Yes (X)$0$0$0
DAVID MILLHORN
DIRECTOR1.00Yes (X)$0$0$0
DAVID OWENS
DIRECTOR1.00Yes (X)$0$0$0
FRANK WILLIAMSON
DIRECTOR1.00Yes (X)$0$0$0
JIM PHILLIPS
DIRECTOR1.00Yes (X)$0$0$0
LAURA WHITSETT
DIRECTOR1.00Yes (X)$0$0$0
MARCI HARRIS
DIRECTOR1.00Yes (X)$0$0$0
MARK NORRIS
DIRECTOR1.00Yes (X)$0$0$0
MARK WHITE
DIRECTOR1.00Yes (X)$0$0$0
RICHARD SMITH
DIRECTOR1.00Yes (X)$0$0$0
STEVE CRAWFORD
DIRECTOR1.00Yes (X)$0$0$0
THOMAS MASON
DIRECTOR1.00Yes (X)$0$0$0
WILLIAM EVANS PHARM D
DIRECTOR1.00Yes (X)$0$0$0
RANDY BOYD
CHAIRMAN1.00Yes (X)$0$0$0Yes (X)
CHARLIE BROCK
PRESIDENT AND CEO37.50$175,803$0$0Yes (X)
HENRY GINDT
DIRECTOR OF OPERATIONS37.50$58,512$0$0Yes (X)
PATRICIA BEAVERS
DIRECTOR OF FINANCE AND AC37.50$87,883$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$322,198TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdCompensationCompensationAmtServicesServicesDesc
AMERICAN EXPRESS
1400 RUSSELL STREETNASHVILLETN37206$204,315
BUTLER SNOW
150 3RD AVENUE SOUTH 1600NASHVILLETN37201$122,376LEGAL SERVICES
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt
Government Grants$4,263,617GovernmentGrantsAmt
All Other Contributions$658,836AllOtherContributionsAmt
Total Contributions$4,922,453TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
36/86 CONFERENCE900099$89,134$89,134
INCOME FROM PROGRAM RE900099$36,206$36,206
INCITE CO-INVESTMENT F900099$25,000$25,000
SBIR/STTR900099$24,500$24,500

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$3,973TotalRevenueColumnAmt
Related Or Exempt Func Income$3,973RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$178,813TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$5,101,266TotalRevenueColumnAmt
Related Or Exempt Func Income$178,813RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,415,528TotalAmt
Program Services$2,415,528ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$263,686TotalAmt
Program Services$197,765ProgramServicesAmt
Management And General$65,921ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$580,122TotalAmt
Program Services$435,091ProgramServicesAmt
Management And General$145,031ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$40,053TotalAmt
Program Services$30,040ProgramServicesAmt
Management And General$10,013ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$70,612TotalAmt
Program Services$52,959ProgramServicesAmt
Management And General$17,653ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$59,257TotalAmt
Program Services$44,443ProgramServicesAmt
Management And General$14,814ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$156,255TotalAmt
Program Services$148,978ProgramServicesAmt
Management And General$7,277ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$28,602TotalAmt
Program Services$3,600ProgramServicesAmt
Management And General$25,002ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$1,477TotalAmt
Management And General$1,477ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$254,772TotalAmt
Program Services$227,305ProgramServicesAmt
Management And General$27,467ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$121,912TotalAmt
Program Services$106,749ProgramServicesAmt
Management And General$15,163ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$46,809TotalAmt
Program Services$3,500ProgramServicesAmt
Management And General$43,309ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$321,192TotalAmt
Program Services$287,882ProgramServicesAmt
Management And General$33,310ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$73,113TotalAmt
Management And General$73,113ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$229,096TotalAmt
Program Services$130,913ProgramServicesAmt
Management And General$98,183ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$319,170TotalAmt
Program Services$319,170ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$13,562TotalAmt
Management And General$13,562ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,664TotalAmt
Program Services$11,338ProgramServicesAmt
Management And General$5,326ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
DUES AND SUBCRIPTIONS$50,305$2,045$48,260
PARKING$6,956$6,956
BAD DEBT EXPENSE$5,456$5,456
OTHER EXPENSES-$89,946-$67,458-$22,488

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$4,984,653TotalAmt
Program Services$4,349,848ProgramServicesAmt
Management And General$634,805ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$8,721,424BOYAmt
EOY$5,396,943EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,190,624BOYAmt
EOY$2,499,798EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$400,345BOYAmt
EOY$550,930EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$3,091BOYAmt
EOY$7,877EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$92,226LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$16,942LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$89,468BOYAmt
EOY$75,284EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$20,333,552BOYAmt
EOY$22,126,022EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$31,738,504BOYAmt
EOY$30,656,854EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$898,230BOYAmt
EOY$592,945EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$29,743,909BOYAmt
EOY$28,850,930EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$30,642,139BOYAmt
EOY$29,443,875EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,096,365BOYAmt
EOY$1,212,979EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,096,365BOYAmt
EOY$1,212,979EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$31,738,504BOYAmt
EOY$30,656,854EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$116,613ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit Committee0AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,144,991CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,398,792CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,547,495CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,461,521CurrentTaxYearMinus1YearAmt
Current Tax Year$4,884,454CurrentTaxYearAmt
Total$15,437,253TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,144,991CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,398,792CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,547,495CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,461,521CurrentTaxYearMinus1YearAmt
Current Tax Year$4,884,454CurrentTaxYearAmt
Total$15,437,253TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$15,437,253PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$5,843CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$591CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,894CurrentTaxYearMinus2YearsAmt
Total$14,328TotalAmt
FieldValueIRS element (for citing)
Total Support$15,451,581TotalSupportAmt
Gross Receipts Rltd Activities$956,294GrossReceiptsRltdActivitiesAmt
Public Support CY1700.99910PublicSupportCY170Pct
Public Support PY1700.99580PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$92,226OtherCostOrOtherBasisAmt
Depreciation$16,942DepreciationAmt
Book Value$75,284BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$75,284TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (37 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
MOLECULAR SENSING$1,370,000F
SIGNIX$490,000F
VENTURE INCITE$274,425F
PROPLAYER CONNECT$424,976F
ALDIS$571,241F
J2 SOFTWARE SOLUTIONS$598,154F
CONSENSUS POINT$619,231F
GOBA$350,000F
OPTI-LOGIC$799,655F
CYBER PHYSICAL SYSTEMS$499,992F
AMERICAN HOMETOWN MEDI$790,239F
RLCL AQUISITION CORP.$700,000F
AGILUM HEALTHCARE$1,046,202F
CITIZENGINE$1,165,969F
APAX GROUP$200,000F
STREAMWEAVER$310,000F
INFORMATICS CORP.$1,500,000F
SECUREWATERS$200,000F
CUTTING EDGE WHEELS$150,000F
JUST A PINCH RECEIPE$250,508F
EVERMIND$740,090F
AURAMIST, INC.$861,192F
YOUSCIENCE, LLC$1,316,667F
QUIRE$675,150F
NUSCRIPTRX$1,300,000F
MEDCENTERDISPLAY$837,516F
ICITIZEN$402,500F
ICA$1,500,000F
OVERDOG$150,000F
SENIOR LIVING, INC.$187,500F
LOGOGARDEN$300,000F
US BIOLOGIC, INC.$250,000F
LIVE SCHOOL$122,500F
ADVANCED CATHETHER THERAPIES$220,000F
STUDIONOW, INC.$375,000F
ND ACQUISITIONS CORP.$571,315F
WARRANTS$6,000F
FieldValueIRS element (for citing)
Total Book Value Program Rltd$22,126,022TotalBookValueProgramRltdAmt
Total Rev Etc Audited Fincl Stmt$5,101,266TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$5,101,266RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$5,101,266TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$4,984,653TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$4,984,653ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$4,984,653TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (9 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
KNOXVILLE ENTREPRENEURSHIP CENTER
17 MARKET STREET SUITE 101KNOXVILLETN37902461426171$216,134PROVIDE GROWTH TO EARLY STAGE VENTURES.
UPPER CUMBERLAND ENTREPRENEURIAL FOUNDATION
2569 COOK ROADCROSSVILLETN38571461388881$258,712PROVIDE GROWTH TO EARLY STAGE VENTURES.
ACCEL NOW
400 CLINCHFIELD SUITE 100KINGSPORTTN37660581453565$126,179PROVIDE GROWTH TO EARLY STAGE VENTURES.
THE COMPANY LAB
55 EAST MAIN STREET SUITE 105CHATTANOOGATN37408263934828$354,047PROVIDE GROWTH TO EARLY STAGE VENTURES.
NASHVILLE ENTREPRENEUR CENTER
41 PEABODY STREETNASHVILLETN37210271230916$175,000PROVIDE GROWTH TO EARLY STAGE VENTURES.
THE CO
541 WILEY PARKER ROADJACKSONTN38305455186181$328,558PROVIDE GROWTH TO EARLY STAGE VENTURES.
MEMPHIS BIOWORKS
20 DUDLEY STEETMEMPHISTN38103621858660$238,771PROVIDE GROWTH TO EARLY STAGE VENTURES.
SOUTHERN MIDDLE TN ENTREPRENEUR CENTER
414 WILSON AVENUE SUITE 102TULLAHOMATN37388454356601$197,127PROVIDE GROWTH TO EARLY STAGE VENTURES.
NORTHWEST TENNESSEE ENTREPRENEUR CENTER
PO BOX 963MARTINTN38237460531054$180,003PROVIDE GROWTH TO EARLY STAGE VENTURES.

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationTHE ORGANIZATION REQUIRES WRITTEN REPORTS FROM ITS GRANTEES THAT DESCRIBE USE OF FUNDS.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonCHARLIE BROCKPersonNm
TitlePRESIDENT AND CEOTitleTxt
Base Compensation Filing Org$175,803BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs$0CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization$0BonusFilingOrganizationAmount
Bonus Related Organizations$0BonusRelatedOrganizationsAmt
Other Compensation Filing Org$0OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs$0OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org$0DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs$0DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org$0NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs$0NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org$175,803TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs$0TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org$0CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs$0CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 7ASEVERAL MEMBERS OF THE GOVERNING BOARD OF DIRECTORS ARE APPOINTED BY THE GOVERNOR OF THE STATE OF TENNESSEE AND THE SPEAKERS OF THE HOUSE AND SENATE OF THE TENNESSEE STATE LEGISLATURE.
FORM 990, PART VI, SECTION A, LINE 7BCERTAIN AGREEMENTS AND CONTRACTS MUST RECEIVE PRIOR WRITTEN APPROVAL OF THE TENNESSEE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT.
FORM 990, PART VI, SECTION B, LINE 11NO REVIEW HAS OR WILL BE CONDUCTED.
FORM 990, PART VI, SECTION B, LINE 12CEACH OFFICER, BOARD MEMBER OR KEY PERSON IS REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR.
FORM 990, PART VI, SECTION B, LINE 15THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS ANNUALLY TO PERFORM A PERFORMANCE REVIEW OF THE CHIEF EXECUTIVE OFFICER.
FORM 990, PART VI, SECTION C, LINE 19THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.