Tennsmart Consortium INC FY2022 filing

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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.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 3
filings with a surplus
Average surplus $34K a year · 7% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $211K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$556K
+190% vs prior year
Spent
$405K
To programs
81%
Net assets
$251K
By yearFY2018–FY2024
Revenue
$556K
FY2022▲ +190%
Tap a bar for its year
Revenue by fiscal year
FY2018$135K
FY2019$125K
FY2020$140K
FY2021$192K
FY2022$556K
FY2023$560K
FY2024$392K
Expenses
$405K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2018Not on file
FY2019Not on file
FY2020Not on file
FY2021Not on file
FY2022$405K
FY2023$618K
FY2024$385K
Net assets
$251K
FY2022▲ +150%
Tap a bar for its year
Net assets by fiscal year
FY2018$41K
FY2019$34K
FY2020$58K
FY2021$100K
FY2022$251K
FY2023$194K
FY2024$201K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 Sep 2018.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $327K Management & general 13% · $51K Fundraising 7% · $27K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Tennsmart Consortium INC executive salaries →

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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 15aNo

Programs and updates

Connects leaders to speed up new intelligent mobility innovations in Tennessee.

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Provided by the organization

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2 programs · in their own filed words · FY2022
01

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.

Pt IX · col B
02

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.

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$211K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$556K
Ln 12
Fees for servicesLn 2g$406K
Gifts and grantsLn 1h$150K
Other incomeLn 4–11$19
Money outPt IX
$405K
Ln 25
Programscol B$327K
Managementcol C$51K
Fundraisingcol D$27K
Owns and owesPt X
$251K
net assets · Ln 32
Cash and savingsLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$150K
Fees for servicesLn 2g$406K
Other incomeLn 4–11$19
Total revenueLn 12$556K
Assets in detailPt X, end of year
CashLn 1$251K
Cash and savings togetherLn 1–2$251K
Total assetsLn 16$251K
LiabilitiesLn 26$0
Net assetsLn 32$251K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$100K$251K
Total assetsLn 16$100K$251K
LiabilitiesLn 26$0$0
Net assetsLn 32$100K$251K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$72K$58K$9K$5K
Accounting feesLn 11c$1K$1K$160$85
OccupancyLn 16$500$404$63$33
Conferences, conventions and meetingsLn 19$235K$190K$29K$16K
Other expenses (24a–d)Ln 24$96K$77K$12K$6K
All other expensesLn 24e$8$6$1$1
Total functional expensesLn 25$405K$327K$51K$27K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $392K$385K$7K$201K 990 PDF
FY2023 $560K$618K−$57K$194K 990 PDF
FY2022 Viewing $556K$405K$151K$251K 990 PDF
FY2021 $192K$100K 990 PDF
FY2020 $140K$58K 990 PDF
FY2019 $125K$34K 990 PDF
FY2018 $135K$41K 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 O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $555,583 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$150,000
I-9 Program service revenuePrior year $0$405,564
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$19
I-12 Total revenuePrior year $0$555,583
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$404,938
I-18 Total expensesPrior year $0$404,938
I-19 Revenue less expensesPrior year $0$150,645
Part VI · Governance 11 of 11 board members independent, 3 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $555,583 across 5 lines filed
VIII-1e Government grants$150,000
VIII-1h Total contributions, gifts and grants$150,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $405,564$405,564
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $19$19
VIII-12 Total revenueRelated to mission $405,564 · Unrelated business $0 · Excluded from tax $19$555,583
Part IX · Statement of functional expenses $404,938 across 6 lines filed
IX-11a Management feesPrograms $58,400 · Management $9,043 · Fundraising $4,802$72,245
IX-11c Accounting feesPrograms $1,030 · Management $160 · Fundraising $85$1,275
IX-16 OccupancyPrograms $404 · Management $63 · Fundraising $33$500
IX-19 Conferences, conventions and meetingsPrograms $190,055 · Management $29,428 · Fundraising $15,626$235,109
IX-24 Other expenses (24a–d)Programs $77,443 · Management $11,991 · Fundraising $6,367$95,801
IX-24e All other expensesPrograms $6 · Management $1 · Fundraising $1$8
IX-25 Total functional expensesPrograms $327,338 · Management $50,686 · Fundraising $26,914$404,938
Part X · Balance sheet $251,104 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $100,459$251,104
X-16 Total assetsStart of year $100,459$251,104
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $100,459$251,104
X-32 Total net assets or fund balancesStart of year $100,459$251,104
X-33 Total liabilities and net assetsStart of year $100,459$251,104
Part XI · Reconciliation of net assets $251,104 net assets at year end
XI-1 Total revenue$555,583
XI-2 Total expenses$404,938
XI-3 Revenue less expenses$150,645
XI-4 Net assets at start of year$100,459
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$251,104

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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