Overview
What is Innovation Valley Inc?
Innovation Valley Inc, situated in Knoxville, Tennessee, is a charitable organization with a mission to promote economic development in a five-county region. They achieve this goal through various strategies such as public relations, direct marketing, and utilizing various communication methods to reach both national and international audiences. The organization's purpose is multifaceted, encompassing support for public education, workforce development and job training, and fostering scientific and technological advancements in the Central East Tennessee area, including Anderson, Blount, Knox, Loudon, Roane, and Monroe counties. They primarily achieve these objectives by providing funds and support to organizations like 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.
Is Innovation Valley Inc legitimate?
Innovation Valley Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Innovation Valley Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Innovation Valley Inc?
Innovation Valley Inc is organized for charitable, educational, and scientific purposes. Its mission primarily involves providing funds and support to organizations in sectors such as public education, workforce development, and job training. Additionally, it supports scientific and technological advancements in its area of operation, which includes Anderson, Blount, Knox, Loudon, Roane, and Monroe counties. Its activities are aimed at boosting these sectors, primarily by collaborating with organizations like 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.
Who is the CEO of Innovation Valley Inc?
Mitch Steenrod is the President of Innovation Valley Inc.
What is the revenue of Innovation Valley Inc?
Innovation Valley Inc's revenue in 2023 was $3,539.
Who are the executives of Innovation Valley Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Innovation Valley Inc?
Innovation Valley Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Innovation Valley Inc
Innovation Valley Inc, a charitable organization, is dedicated to educational and scientific purposes with a focus on providing funding and support to exempt organizations in the fields of public education, workforce development, job training, and scientific and technological advancements. The organization's mission extends to the Central East Tennessee area, encompassing Anderson, Blount, Knox, Loudon, Roane, and Monroe counties. By offering financial assistance 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, Innovation Valley Inc plays a crucial role in fostering growth and development in these sectors. The organization's primary goal is to contribute to the betterment of these areas by encouraging public education, workforce development, and scientific advancements.
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Impact
October, 2024
Innovation Valley Inc significantly impacts the Central East Tennessee region by promoting economic development and enhancing public education, workforce development, and scientific advancements. Through targeted funding and support for organizations like the Blount Partnership and the Knoxville Area Chamber Partnership, it fosters collaboration among local stakeholders to drive growth in Anderson, Blount, Knox, Loudon, Roane, and Monroe counties.
By employing strategies such as public relations and direct marketing, Innovation Valley Inc effectively communicates the economic opportunities available in the region to both national and international audiences. This outreach not only attracts investments but also cultivates a skilled workforce prepared for the demands of emerging industries.
The focus on job training and workforce development equips local residents with the skills necessary for today’s job market, ensuring that the workforce remains competitive. With a commitment to supporting technological and scientific advancements, Innovation Valley Inc contributes to a robust ecosystem that encourages innovation and entrepreneurship. Overall, its efforts lead to sustainable economic growth, improved community engagement, and a better quality of life for residents in the area.
This information is meant to be a general summary of Innovation Valley Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,539
- Gross Receipts: $3,539
Assets and Liabilities:
- Total Assets: $885,438
- Total Liabilities: $0
- Net Assets: $885,438
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Organization Details
Founding Year
2007
Phone
(865) 246-2634Principal Officer
Mitch Steenrod
Main Address
17 MARKET SQUARE SUITE 201, KNOXVILLE, TN, 37902
NTEE Category
Code: S41 - Community improvement
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