The Southern Growth Policies Board has twice honored TMI for innovation – designating TMI a 2010 Southern Innovator for its Rural Place Building program and a 2003 Southern Innovator in Leadership Development and Civic Engagement for regional leadership training and development of the Cycle of Prosperity Benchmarks for Accountability and Decision-Making.
At its start-up TMI was awarded an endowment to help cover annual operating expenses. The Riley Foundation provided $1 million, the Phil Hardin Foundation $300,000, and community contributors another $114,130. Today, the endowment generates about $70,000 available for operations. Other operating funds come from project management fees and TMI’s annual giving program.
Since its inception TMI has worked with regional partners to attract over $36 million in funding for innovative projects. From the largest grant, a $15 million WIRED grant from the U.S. Department of Labor, to the smallest grant, a $900 Lego Challenge grant from the Walker Area Community Foundation, most funding has gone to partners to implement programs. TMI’s rolling five-year average overhead ratio is 7.6%, meaning only that percentage of total annual funding received by TMI goes toward management and general expenses as reported on annual tax returns. Click here for more information.