2024-02-17T08:13:01-06:00 2023-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2022-07-01 581641714 THE PARTNERSHIP INITIATIVES FUND PART 8652462634 17 MARKET SQUARE STE 201 KNOXVILLE TN 37902 ANGELA LUNSFORD VP FINANCE/OPERATION 8652462634 2024-01-30 1 ANGELA LUNSFORD 999009999 0 ADAM OSBORNE CPA P01215413 4237567771 2024-01-30 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z ANGELA LUNSFORD 17 MARKET SQUARE 201 KNOXVILLE TN 37902 155118 0 X N/A X 1998 TN TO BENEFIT THE KNOXVILLE COMMUNITY AND FOSTER ECONOMIC DEVELOPMENT 11 11 0 0 0 0 60664 148863 0 0 403 6255 0 0 61067 155118 0 0 0 0 0 0 0 0 0 215 35 215 35 60852 155083 696299 851382 0 0 696299 851382 TO BENEFIT THE KNOXVILLE COMMUNITY AND FOSTER ECONOMIC DEVELOPMENT. 0 0 35 6255 TO FOSTER AND PROMOTE EDUCATIONAL, SCIENTIFIC, OR CHARITABLE UNDERTAKINGS OR PROJECTS THAT HAVE THE PURPOSES OR INTENT OF BENEFITING THE COMMUNITY AND TO FOSTER ECONOMIC DEVELOPMENT WHICH AFFECTS THE SOCIO-ECONOMIC WELL-BEING, ENVIRONMENT, AND OVERALL QUALITY OF LIFE IN OUR REGION. 35 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X ANGELA LUNSFORD 8652462634 17 MARKET SQUARE SUITE 201 KNOXVILLE TN 37902 X DAVE MILLER DIRECTOR 1.00 X 0 0 0 WES STOWERS BOARD CHAIR 1.00 X 0 0 0 RANDY JENKINS TREASURER 1.00 X X 0 0 0 HARRY BOSTON DIRECTOR 1.00 X 0 0 0 MARTY BROWN DIRECTOR 1.00 X 0 0 0 DEBBIE BILLINGS DIRECTOR 1.00 X 0 0 0 ROB STIVERS DIRECTOR 1.00 X 0 0 0 JIM VANDERSTEEG DIRECTOR 1.00 X 0 0 0 JAMIE LANDIS DIRECTOR 1.00 X 0 0 0 JAMIE DAVIS DIRECTOR 1.00 X 0 0 0 MARK MAMANTOV DIRECTOR 1.00 X 0 0 0 NIKITIA THOMPSON SECRETARY 1.00 X 0 0 0 MIKE ODOM CEO/PRESIDENT 5.00 X 0 0 0 ANGELA LUNSFORD VP FINANCE/OPERATION 1.00 X 0 0 0 0 0 0 0 0 0 0 0 148863 148863 6255 6255 155118 6255 0 0 BANK SERVICE FEES 35 35 35 35 0 0 241358 242029 454941 609353 696299 851382 0 0 X 696299 851382 696299 851382 696299 851382 155083 0 X X 0 1 X 1 0 X 90443 500 60664 155118 306725 90443 500 60664 155118 306725 306725 403 6255 6658 313383 0.97880 1.00000 X 0 X 155118 0 155118 0 155118 35 0 35 0 35 PART X, LINE 2: THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, IT IS SUBJECT TO FEDERAL TAX ON UNRELATED BUSINESS INCOME. THIS INCOME IS REPORTED ON THE FEDERAL FORM 990-T AS UNRELATED BUSINESS INCOME. THE PROJECT FOLLOWS THE GUIDANCE OF ASC TOPIC 740, INCOME TAXES, WHICH PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC TOPIC 740 PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE, AND TRANSITION. BASED ON ITS EVALUATION, THE PROJECT HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE PROJECT'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2023, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2023. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WAS REVIEWED BY THE PRESIDENT/CEO AND CONTROLLER BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C IF THE BOARD OF DIRECTORS OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT SHALL INFORM THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORD AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE BOARD OF DIRECTORS OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT SHALL TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES HAVE BEEN MADE.