INNOVATION VALLEY INC
EIN 26-2087582 · Chambers of Commerce & Business Leagues (S41)
What they do
THE CORPORATION is ORGANIZED EXCLUSIVELY for CHARITABLE EDUCATIONAL and SCIENTIFIC PURPOSES, INCLUDING, for SUCH PURPOSES, THE MAKING of DISTRIBUTIONS to ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) and 501(C)(6) of THE INTERNAL REVENUE CODE, or CORRESPONDING SECTION of ANY FUTURE FEDERAL TAX CODE. THE PURPOSE WILL INCLUDE WITHOUT LIMITATION SUPPORT of PUBLIC EDUCATION, WORKFORCE DEVELOPMENT and JOB TRAINING and SUPPORT of SCIENTIFIC and TECHNOLOGICAL ADVANCEMENTS IN THE CENTRAL EAST TENNESSEE AREA, INCLUDING WITHOUT LIMITATION ANDERSON, BLOUNT, KNOX, LOUDON, ROANE and MONROE COUNTIES, PRIMARILY BY PROVIDING FUNDS and SUPPORT to ORGANIZATIONS SUCH AS THE BLOUNT PARTNERSHIP, THE KNOXVILLE AREA CHAMBER PARTNERSHIP, ANDERSON COUNTY ECONOMIC DEVELOPMENT AGENCY, THE ROANE ALLIANCE, TELLICO RESERVOIR DEVELOPMENT AGENCY and LOUDON COUNTY ECONOMIC DEVELOPMENT AGENCY.
Should I give to this charity?
Of every $100 spent, about $0.00 was reported for mission work. Use the spending picture below and ask what results that work produced.
Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.
Basic facts we verified
IRS warning checkNo IRS revocation warning appears in this data.
Money report from 2024The charity has a recent tax report to read.
They explain their jobThe charity tells us what it is trying to do.
They name their leaders1 people are listed in the latest report.
You can reach themThey list contact information, so you can ask questions.
Money made simple
Ask these three easy questions
- Who did you help? Ask for a recent story or report that shows real results.
- What will my money do? Ask exactly what your gift will pay for.
- Is this really the charity? Give only through its official website or confirmed phone number.
Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.
Financial picture
A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.
How each $100 of revenue was used
The large number compares each expense with revenue. The smaller number shows its share of total expenses.
Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.
Has the pattern changed?
Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.
Money in and money out
Reported spending amounts
Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.
See all reported dollar amounts
Leadership and board
Names, titles, time, and compensation below are reported by the organization on its Form 990.
See everyone listed on the board or leadership roster (1)
MITCH STEENRODPRINCIPAL OFFICER
About this charity
- Recognized since
- January 2008
- Location
- 17 MARKET SQ STE 201, KNOXVILLE, TN 37902-1447
- County
- Knox
- In care of
- % RHONDA RICE
- Primary officer
- MITCH STEENROD
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- July 1, 2024
- Return type
- 990
- Tax preparer
- PARSONS & WRIGHT CPAS
- NTEE classification
- Chambers of Commerce & Business Leagues (S41)
- IRS tax category
- Chambers of Commerce & Business Leagues