Tennessee Valley Agricultural & Industrial Fair
- Assets
- $1.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 166
- Location
- Knoxville, TN
- Founding
- 08/1943
- Data as of
- 12/2021
- 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 12/2021, Tennessee Valley Agricultural & Industrial Fair employed 166 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 12/2021, Tennessee Valley Agricultural & Industrial Fair generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 0.9% per year over the past 7 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
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 | $78,000 |
Timothy Romero President | OfficerTrustee | 1 | $0 |
Dino Cartwright Director | Trustee | 1 | $0 |
Brad Anders 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 | $54,965 |
| All other contributions, gifts, grants, and similar amounts not included above | $28,743 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $83,708 |
| Total Program Service Revenue | $2,002,630 |
| Investment income | $8 |
| 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 | $2,086,346 |
| 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. | $143,721 |
| Compensation of current officers, directors, key employees. | $143,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,079 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $22,819 |
| Payroll taxes | $28,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $111,087 |
| Office expenses | $27,567 |
| Information technology | $13,021 |
| Royalties | $0 |
| Occupancy | $27,872 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,801 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,207 |
| Insurance | $36,174 |
| All other expenses | $306,246 |
| Total functional expenses | $1,823,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $558,550 |
| Savings and temporary cash investments | $76,926 |
| 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 | $812,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,448,170 |
| Accounts payable and accrued expenses | $65,721 |
| 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 | $65,721 |
| Net assets without donor restrictions | $1,373,301 |
| Net assets with donor restrictions | $9,148 |
| 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 | $1,448,170 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Valley Agricultural & Industrial Fair has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Arts And Culture Alliance Of Greater Knoxville Knoxville, TN PURPOSE: TO SUPPORT ARTS IN THE COMMUNITY | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Corn Growers Association Chesterfield, MO | $16,422,383 | $19,831,099 |
Arkansas Farm Bureau Federation Little Rock, AR | $66,846,371 | $16,311,552 |
North Carolina Farm Bureau Federation Inc Raleigh, NC | $43,526,522 | $15,980,144 |
Kentucky Farm Bureau Federation Louisville, KY | $26,799,792 | $14,351,168 |
Farm Bureau Federation Mississippi Jackson, MS | $25,935,364 | $15,464,290 |
Montgomery Academy Inc Montgomery, AL | $22,347,255 | $11,005,286 |
Georgia Farm Bureau Federation Macon, GA | $39,904,441 | $13,619,773 |
Virginia Farm Bureau Federation Inc Richmond, VA | $53,446,193 | $7,940,484 |
Tennessee Farm Bureau Federation Columbia, TN | $127,985,651 | $12,173,337 |
Locus Impact Investing Richmond, VA | $7,023,425 | $9,339,755 |
Agricenter International Inc Memphis, TN | $11,833,861 | $6,132,848 |
Missouri Corn Merchandising Council Jefferson City, MO | $10,685,301 | $5,612,300 |