To increase the viability of startups in chattanooga and the surrounding region by connecting entrepreneurs with expertise, resources, and community.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$161K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $75K a year · 8% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$161K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
10 mo
of spending, in cash
Looks good: 10.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $252K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$25K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
18
of 19 voting members
Looks good: 18 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$970K
Spent
$834K
To programs
73%
Net assets
$803K
By yearFY2020–FY2024
Revenue
$970K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$970K
FY2021$650K
FY2022$775K
FY2023$1.2M
FY2024$1.2M
Expenses
$834K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$834K
FY2021$881K
FY2022$801K
FY2023$1.3M
FY2024$1.4M
Net assets
$803K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$803K
FY2021$582K
FY2022$556K
FY2023$487K
FY2024$294K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $609K Management & general 18% · $154K Fundraising 9% · $71K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990; $161K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$160,962Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Tasia Malakasis’s $212K as Chief Executive Officer is at the 87th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tasia Malakasis$211,700$194,349$78,155——
Marcus Shaw———$44,712$160,962
Lindsey Cox——$85,673$119,904—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects entrepreneurs with expertise, resources, and community to boost startup success.

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Provided by the organization

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1 program · $609K · in their own filed words · FY2020
01

Programs and projects for connecting entrepreneurs with expertise, training, resources and community. Programs include mentoring, training classes, accelerator programs, startup weekends, business pitch sessions, panel discussions and public events.

$609Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$252K
Grants paid · 1 grant · $8K · 2023–2023
ArtsbuildTN · FY2023$8,333

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$970K
Ln 12
Gifts and grantsLn 1h$967K
Fees for servicesLn 2g$3K
Other incomeLn 4–11$338
Money outPt IX
$834K
Ln 25
Programscol B$609K
Managementcol C$154K
Fundraisingcol D$71K
Owns and owesPt X
$803K
net assets · Ln 32
Cash and savingsLn 1–2$715K
Total assetsLn 16$829K
LiabilitiesLn 26$25K
PeoplePt VI, VII
19
listed · VII A
PaidVII A1
Voting boardVI 1a19
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$967K
Fees for servicesLn 2g$3K
Other incomeLn 4–11$338
Total revenueLn 12$970K
Assets in detailPt X, end of year
SavingsLn 2$715K
Cash and savings togetherLn 1–2$715K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$829K
LiabilitiesLn 26$25K
Net assetsLn 32$803K
OperationsPt I, VI
EmployeesI 513
VolunteersI 660
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$689K$715K
Land, buildings, equipmentLn 10c$1K$0
Total assetsLn 16$711K$829K
LiabilitiesLn 26$37K$25K
Net assetsLn 32$674K$803K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$161K$64K$48K$48K
Other salaries and wagesLn 7$300K$236K$59K$6K
Other employee benefitsLn 9$33K$26K$7K$634
Payroll taxesLn 10$35K$28K$7K$672
Other fees for servicesLn 11g$102K$102K
Advertising and promotionLn 12$24K$24K
Office expensesLn 13$7K$5K$1K$125
OccupancyLn 16$52K$21K$16K$16K
TravelLn 17$11K$11K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$5K$4K$1K$103
Other expenses (24a–d)Ln 24$98K$83K$15K$38
All other expensesLn 24e$3K$3K$67
Total functional expensesLn 25$834K$609K$154K$71K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.4M−$183K$294K 990 PDF
FY2023 $1.2M$1.3M−$70K$487K 990 PDF
FY2022 $775K$801K−$26K$556K 990 PDF
FY2021 $650K$881K−$231K$582K 990 PDF
FY2020 Viewing $970K$834K$136K$803K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $969,956 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $967,765$966,554
I-9 Program service revenuePrior year $2,100$3,064
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,960$338
I-12 Total revenuePrior year $973,825$969,956
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $579,317$529,864
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $329,136$303,685
I-18 Total expensesPrior year $908,453$833,549
I-19 Revenue less expensesPrior year $65,372$136,407
Part VI · Governance 18 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $969,956 across 5 lines filed
VIII-1f All other contributions, gifts and grants$966,554
VIII-1h Total contributions, gifts and grants$966,554
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,064$3,064
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $338$338
VIII-12 Total revenueRelated to mission $3,402 · Unrelated business $0 · Excluded from tax $0$969,956
Part IX · Statement of functional expenses $833,549 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $64,385 · Management $48,289 · Fundraising $48,289$160,963
IX-7 Other salaries and wagesPrograms $235,676 · Management $58,731 · Fundraising $5,697$300,104
IX-9 Other employee benefitsPrograms $26,244 · Management $6,540 · Fundraising $634$33,418
IX-10 Payroll taxesPrograms $27,783 · Management $6,924 · Fundraising $672$35,379
IX-11g Other fees for servicesPrograms $101,910$101,910
IX-12 Advertising and promotionPrograms $23,857$23,857
IX-13 Office expensesPrograms $5,159 · Management $1,286 · Fundraising $125$6,570
IX-16 OccupancyPrograms $20,823 · Management $15,617 · Fundraising $15,617$52,057
IX-17 TravelPrograms $11,171$11,171
IX-22 Depreciation, depletion and amortizationPrograms $1,025$1,025
IX-23 InsurancePrograms $4,247 · Management $1,058 · Fundraising $103$5,408
IX-24 Other expenses (24a–d)Programs $82,936 · Management $15,294 · Fundraising $38$98,268
IX-24e All other expensesPrograms $3,352 · Management $67$3,419
IX-25 Total functional expensesPrograms $608,568 · Management $153,806 · Fundraising $71,175$833,549
Part X · Balance sheet $828,676 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $688,757$714,577
X-3 Pledges and grants receivableStart of year $10,732$112,320
X-4 Accounts receivableStart of year $10,741$1,680
X-9 Prepaid expenses and deferred chargesStart of year $99$99
X-10c Land, buildings and equipment, netStart of year $1,025$0
X-16 Total assetsStart of year $711,354$828,676
X-17 Accounts payable and accrued expensesStart of year $36,945$25,344
X-26 Total liabilitiesStart of year $36,945$25,344
X-27 Net assets without donor restrictionsStart of year $514,134$634,557
X-28 Net assets with donor restrictionsStart of year $160,275$168,775
X-32 Total net assets or fund balancesStart of year $674,409$803,332
X-33 Total liabilities and net assetsStart of year $711,354$828,676
Part XI · Reconciliation of net assets $803,332 net assets at year end
XI-1 Total revenue$969,956
XI-2 Total expenses$833,549
XI-3 Revenue less expenses$136,407
XI-4 Net assets at start of year$674,409
XI-8 Prior period adjustments−$7,484
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$803,332

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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