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Nonprofiteer
← BICENTENNIAL VOLUNTEERS

Form 990 for tax year 2024

Filed by BICENTENNIAL VOLUNTEERS.

Totals

Total revenue
$4,721,931
Total expenses
$5,055,182
Contributions and grants received
$1,731,600
Grants paid
$1,364,729
Program service revenue
$2,649,876
Investment income
$278,968
Other revenue
$61,487
Total assets, end of year
$29,152,503
Total liabilities, end of year
$482,387
Net assets or fund balances, end of year
$28,670,116
Program services expenses (Part IX)
$1,789,324
Management and general expenses
$3,265,858
Fundraising expenses
$0
Program service expenses (Part III)
$1,789,324

Program services were 35.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,731,600

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $2,649,876 · related or exempt $2,649,876

  • 3 · Investment income

    total $278,968 · excluded $278,968

  • 11a · Other revenue: OTHER REVENUE

    total $61,487 · related or exempt $61,487

  • 11e · Other revenue, total

    $61,487

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,364,729 · program services $1,364,729

  • 5 · Compensation of officers, directors and key employees

    total $411,372 · management and general $411,372

  • 7 · Other salaries and wages

    total $1,309,718 · program services $11,890 · management and general $1,297,828

  • 10 · Payroll taxes

    total $477,148 · program services $910 · management and general $476,238

  • 13 · Office expenses

    total $31,127 · management and general $31,127

  • 17 · Travel

    total $41,243 · management and general $41,243

  • 19 · Conferences, conventions and meetings

    total $143,551 · management and general $143,551

  • 23 · Insurance

    total $662,005 · management and general $662,005

  • 24a · Other expenses: VOLUNTEER EXP (CONTRIBU

    total $265,275 · program services $265,275

  • 24b · Other expenses: VISITOR'S CENTER

    total $122,695 · program services $122,695

  • 24c · Other expenses: CONSULTING

    total $117,784 · management and general $117,784

  • 24d · Other expenses: EDUCATION

    total $23,825 · program services $23,825

  • 24e · All other expenses

    total $84,710 · management and general $84,710

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,515,613 · end of year $946,985

  • 4 · Accounts receivable

    beginning of year $4,991 · end of year $12,120

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,376 · end of year $147,784

  • 10a · Land, buildings and equipment: cost or other basis

    $35,702

  • 10b · Land, buildings and equipment: accumulated depreciation

    $35,702

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $25,099,079 · end of year $28,045,614

  • 17 · Accounts payable and accrued expenses

    beginning of year $408,416 · end of year $482,387

  • 27 · Net assets without donor restrictions

    beginning of year $26,304,643 · end of year $28,670,116

Mission and programs · 2024

Mission

BICENTENNIAL VOLUNTEERS (BVI) SUPPORTS THE TENNESSEE VALLEY AUTHORITY (TVA) AND 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.

  • SUPPORTING STEM EDUCATION THROUGHOUT GREATER TENNESSEE VALLEY. COLLABORATED WITH TVA AND STEM TO SUPPORT AREA SCHOOLS AND TEACHERS BY PROVIDING FUNDING FOR GRANTS REQUESTED TO PROMOTE STEM LEARNING.

    Expenses $750,000 · Grants $750,000 · Revenue $1,136,475

  • SUPPORTING SCHOOLS, THROUGH TENNESSEE VALLEY ROBOTICS, ACROSS THE TENNESSEE VALLEY THAT PARTICIPATE IN ROBOTICS COMPETITIONS. SUPPORTING THE ORGANIZATION TO CONTINUE PROVIDING EDUCATION THROUGH THE USE OF ROBOTICS, TEAM WORK AND COMPETITIONS.

    Expenses $300,000 · Grants $300,000 · Revenue $454,590

  • 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.

    Expenses $265,275 · Grants $265,275 · Revenue $401,971

  • BVI PROVIDED FUNDING TO SUPPORT THE CREATIVE DISCOVERY MUSEUM OF CHATTANOOGA.

    Expenses $474,049 · Grants $49,454 · Revenue $718,327

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tim Cornelius

    SECRETARY

    Total calculated
    $30,250
    From this org
    $0
    From related orgs
    $30,250
    Other
    $0
    Hours/week
    6 + 6 related

  • Keith Giggy

    VICE CHAIRMAN

    Total calculated
    $5,610
    From this org
    $5,610
    From related orgs
    $0
    Other
    $0
    Hours/week
    4 + 4 related

  • John Hoskins

    MEMBER

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Wayne Poppe

    MEMBER

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Ralph Rodgers

    MEMBER

    Total calculated
    $0
    Hours/week
    4 + 4 related

  • Bruce Schofield

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4

  • Katherine Black

    PRESIDENT

    Total calculated
    $252,966
    From this org
    $206,716
    From related orgs
    $0
    Other
    $46,250
    Hours/week
    15 + 30 related

    Schedule J breakdown matched by us

    Base
    $143,447
    Bonus
    $49,000
    Other
    $14,269
    Deferred
    $46,250
    Nontaxable benefits
    $0
    Filer's total
    $252,966

  • Denise Schloss

    CFO

    Total calculated
    $247,797
    From this org
    $199,047
    From related orgs
    $0
    Other
    $48,750
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $154,175
    Bonus
    $30,534
    Other
    $14,338
    Deferred
    $48,750
    Nontaxable benefits
    $0
    Filer's total
    $247,797

  • Mark Goff

    PRODUCTION ENGINEER

    Total calculated
    $306,522
    From this org
    $0
    From related orgs
    $306,522
    Other
    $0
    Hours/week
    0 + 76 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,522 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $306,522 related

  • Frank Barber

    NEW SITE CONSTRUCTION MANA

    Total calculated
    $267,743
    From this org
    $0
    From related orgs
    $267,743
    Other
    $0
    Hours/week
    0 + 59 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,743 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $267,743 related

  • Thomas Northern

    MECHANICAL ENGINEER

    Total calculated
    $233,176
    From this org
    $0
    From related orgs
    $233,176
    Other
    $0
    Hours/week
    0 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,176 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $233,176 related

  • Kathleen Brinson

    HUMAN RESOURCE MANAGER

    Total calculated
    $152,027
    From this org
    $152,027
    From related orgs
    $0
    Other
    $0
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $152,027
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,027

  • Donald Boyles

    PROJECT MANAGER

    Total calculated
    $328,540
    From this org
    $0
    From related orgs
    $328,540
    Other
    $0
    Hours/week
    0 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,540 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $328,540 related

  • Lawrence Nathan

    ADVISO

    Total calculated
    $267,036
    From this org
    $0
    From related orgs
    $267,036
    Other
    $0
    Hours/week
    0 + 53 related

    Schedule J breakdown matched by us

    Base
    $0 + $267,036 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $267,036 related

  • Susan Self

    NEA PROGRAM MANAGER

    Total calculated
    $122,238
    From this org
    $122,238
    From related orgs
    $0
    Other
    $0
    Hours/week
    0 + 50 related

  • Marka Smith

    BVI PROGRAM MANAGER

    Total calculated
    $105,531
    From this org
    $105,531
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 June 2026
IRS schema version
2024v5.5
Source object
202641629349301314

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