Overview
What is Bicentennial Volunteers Incorporated?
Bicentennial Volunteers Incorporated, headquartered in Knoxville, Tennessee, is a nonprofit organization dedicated to promoting STEM education in the greater Tennessee Valley area. In partnership with TVA and STEMX, they provide financial support for grants requested to enhance STEM learning in local schools and teacher training. Additionally, Bicentennial Volunteers contribute to charitable projects, such as robotics education and competitions, as well as supporting other related organizations in their charitable endeavors. They also provide a volunteer staff to support TVA-owned visitor centers and educational programs, while offering management services to related tax-exempt organizations with shared interests. With a staff of 12 individuals, Bicentennial Volunteers plays an essential role in fostering STEM education and community development in the Tennessee Valley area.
Official website here: www.mybvi.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Bicentennial Volunteers Incorporated has received a low overall rating of 56%, which reflects significant concerns in its financial management and accountability practices. While the organization scores well in areas such as having an independent board and effective policies for conflict of interest and document retention, its financial health raises red flags. Specifically, the organization has a concerning liabilities to assets ratio and has not met expectations for program expenses, indicating potential issues in resource allocation.
The positives include a fully independent board and strong audit oversight, which suggests a commitment to governance and transparency. However, the lack of transparency in financial reporting, such as not posting its tax form on its website, diminishes confidence in its operational effectiveness. This lack of clarity may deter potential donors who prioritize accountability in their philanthropic efforts.
Overall, while Bicentennial Volunteers Incorporated demonstrates some structural strengths, its financial shortcomings significantly impact its overall rating. Prospective supporters may wish to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bicentennial Volunteers Incorporated legitimate?
Bicentennial Volunteers Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bicentennial Volunteers Incorporated 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:
Executive Compensation: $175,022
Professional Fundraising Fees: $0
Other Salaries and Wages: $755,558
For more financial information, click here
Official website here: www.mybvi.org
What is the mission statement of Bicentennial Volunteers Incorporated?
Bicentennial Volunteers Incorporated (BVI) supports the Tennessee Valley Authority (TVA) and the community within its service area by providing funding for various charitable projects. These projects include robotics education and competitions, STEM education at local schools, and support for other charitable organizations with similar interests. BVI also provides a volunteer staff to support TVA-owned visitor centers and educational programs, as well as offering management services to related tax-exempt organizations. The primary goal of BVI is to enhance the quality of life for people in the TVA service area through its charitable endeavors.
Official website here: www.mybvi.org
Who is the CEO of Bicentennial Volunteers Incorporated?
Katherine Black is the Secretary of Bicentennial Volunteers Incorporated.
Official website here: www.mybvi.org
What is the revenue of Bicentennial Volunteers Incorporated?
Bicentennial Volunteers Incorporated's revenue in 2022 was $4,185,882.
Official website here: www.mybvi.org
Who are the executives of Bicentennial Volunteers Incorporated and what are their salaries?
The average compensation at Bicentennial Volunteers Incorporated during 2022 was $77,548. There are 12 employees at Bicentennial Volunteers Incorporated.
Here are 14 key members and their salaries:
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $175,022
- Related: $0
- Other: $13,000
- Compensation: $152,596
- Related: $0
- Other: $13,000
- Compensation: $0
- Related: $248,490
- Other: $0
- Compensation: $0
- Related: $265,230
- Other: $0
- Compensation: $0
- Related: $238,504
- Other: $0
- Compensation: $0
- Related: $256,005
- Other: $0
- Compensation: $0
- Related: $229,431
- Other: $0
Official website here: www.mybvi.org
Where can I find the form 990 for Bicentennial Volunteers Incorporated?
Bicentennial Volunteers Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mybvi.org
Learn more at the official website: www.mybvi.org
Mission Statement of Bicentennial Volunteers Incorporated
Bicentennial Volunteers Incorporated (BVI) plays a crucial role in supporting the Tennessee Valley Authority (TVA) and the people residing in the TVA service area. Their mission is multifaceted, encompassing various charitable initiatives. Firstly, BVI provides funding for various projects, focusing on robotics education and competitions, as well as STEM education at schools within the TVA service area. Secondly, they support other charitable organizations and related entities in their charitable endeavors.
Beyond financial support, BVI also contributes a volunteer workforce to aid TVA-owned visitor centers and educational and public information programs. Additionally, they offer management services to related tax-exempt organizations that share their interests. By providing these services, Bicentennial Volunteers Incorporated is instrumental in enriching the community and fostering educational opportunities, thereby contributing positively to the lives of those residing in the TVA service area.
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Impact
July, 2024
Bicentennial Volunteers Incorporated has a significant impact on the Tennessee Valley Authority (TVA) and the people within its service area. By providing funding for charitable projects such as robotics education, STEM education in schools, and supporting other charitable organizations, BVI plays a crucial role in promoting education and community development. Their collaboration with TVA and STEMx to support area schools and teachers further demonstrates their commitment to advancing STEM education throughout the greater Tennessee Valley. Additionally, through their volunteer staff and management services, BVI actively contributes to the success of TVA-owned visitor centers and educational programs. Overall, Bicentennial Volunteers Incorporated plays a vital role in fostering philanthropy and supporting educational initiatives in the region.
This information is meant to be a general summary of Bicentennial Volunteers Incorporated. 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 2022.
- Investment Income: $299,593
- Program Service Revenue: $1,443,280
- Gross Receipts: $4,185,882
Assets and Liabilities:
- Total Assets: $19,137,781
- Total Liabilities: $257,655
- Net Assets: $18,880,126
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$1,443,280
Organization Details
Founding Year
1975
Phone
(865) 632-8088Principal Officer
Katherine Black
Main Address
400 W SUMMIT HILL DRIVE WT8C, KNOXVILLE, TN, 37902
Website
www.mybvi.orgNTEE Category
Code: T40Z - Philanthropy
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