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Nonprofiteer
← TENNSMART CONSORTIUM INC

Form 990 for tax year 2022

Filed by TENNSMART CONSORTIUM INC.

Totals

Total revenue
$555,583
Total expenses
$404,938
Contributions and grants received
$150,000
Grants paid
$0
Program service revenue
$405,564
Investment income
$0
Other revenue
$19
Total assets, end of year
$251,104
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$251,104
Program services expenses (Part IX)
$327,338
Management and general expenses
$50,686
Fundraising expenses
$26,914
Program service expenses (Part III)
$327,338

Program services were 80.8% 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.

  • 1e · Government grants (contributions)

    $150,000

  • 2a · Program service revenue: EDUCATION & CONFERENCE

    total $280,564 · related or exempt $280,564

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $125,000 · related or exempt $125,000

  • 11a · Other revenue: OTHER

    total $19 · excluded $19

  • 11e · Other revenue, total

    $19

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $72,245 · program services $58,400 · management and general $9,043 · fundraising $4,802

  • 11c · Fees: accounting

    total $1,275 · program services $1,030 · management and general $160 · fundraising $85

  • 16 · Occupancy

    total $500 · program services $404 · management and general $63 · fundraising $33

  • 19 · Conferences, conventions and meetings

    total $235,109 · program services $190,055 · management and general $29,428 · fundraising $15,626

  • 24a · Other expenses: MARKETING, RECRUITING &

    total $92,000 · program services $74,370 · management and general $11,515 · fundraising $6,115

  • 24b · Other expenses: SUBSCRIPTIONS & REFEREN

    total $2,232 · program services $1,805 · management and general $279 · fundraising $148

  • 24c · Other expenses: OTHER INSURANCE

    total $1,549 · program services $1,252 · management and general $194 · fundraising $103

  • 24d · Other expenses: BUSINESS REGISTRATION F

    total $20 · program services $16 · management and general $3 · fundraising $1

  • 24e · All other expenses

    total $8 · program services $6 · management and general $1 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $100,459 · end of year $251,104

  • 27 · Net assets without donor restrictions

    beginning of year $100,459 · end of year $251,104

Mission and programs · 2022

Mission

THE TENNSMART CONSORTIUM BRINGS LEADERS FROM THE PUBLIC AND PRIVATE SECTORS TOGETHER TO ACCELERATE THE DEVELOPMENT AND DEPLOYMENT OF NEW INTELLIGENT MOBILITY INNOVATIONS IN TENNESSEE. IN AN INCREASINGLY CONNECTED WORLD, OPPORTUNITIES ABOUNT TO LEVERAGE NEW TECHNOLOGIES TO SAVE TIME, COST AND ENERGY IN THE EFFICIENT MOVEMENT OF PEOPLE AND FREIGHT. TENNSMART CONSORTIUM SERVES AS A COLLABORATIVE FORUM FOR KEY STAKEHOLDERS IN THE AUTOMOTIVE AND TRUCKING INDUSTRIES, MUNICIPALITIES, UNIVERSITIES AND RESEARCH INSTITUTIONS TO ADDRESS INTELLIGENT MOBILITY OPPORTUNITIES TOGETHER THAT NO ONE ORGANIZATION COULD ATTAIN ALONE.

  • SEMI-ANNUAL CONFERENCES - THE ORGANIZATION HOLDS TWO YEARLY CONFERENCES IN ORDER FOR MEMBERS TO NETWORK WITH PEERS AND INDUSTRY STAKEHOLDERS AND HEAR PRESENTATIONS ON INNOVATIVE NEW PROJECTS AND INITIATIVES.

  • AUTOMOTIVE & MOBILITY MENTOR NETWORK PROGRAM - THE GOAL OF THIS PROGRAM IS TO GROW THE AUTOMOTIVE, TRANSPORTATION AND MOBILITY SECTOR IN TENNESSEE BY MENTORING ENTREPRENEURS WHO ARE BRINGING NEW TECHNOLOGIES AND SOLUTIONS TO THE MARKET. THE PROGRAM PAIRS MENTORS WITH PROMISING NEW COMPANIES THROUGH A STRUCTURED PROCESS.

  • Expenses $327,338

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rich Davies

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Ryan Stanton

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Sara Pruneski

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Evan Hoffman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Janey Camp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Preston Elliot

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Phil Wade

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Jennifer Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Suman Kharbanda

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Elsa Foley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Andy Lucyshyn

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Susan Marlow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Asad Khattak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349305939

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