Form 990 for tax year 2022
Filed by TENNESSEE STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $11,546,676
- Total expenses
- $9,511,389
- Contributions and grants received
- $8,642,955
- Grants paid
- $6,779,449
- Program service revenue
- $289,118
- Investment income
- $2,614,603
- Other revenue
- $0
- Total assets, end of year
- $109,497,079
- Total liabilities, end of year
- $153,434
- Net assets or fund balances, end of year
- $109,343,645
- Program services expenses (Part IX)
- $8,674,570
- Management and general expenses
- $280,345
- Fundraising expenses
- $556,474
- Program service expenses (Part III)
- $8,674,570
Program services were 91.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$8,642,955
-
2a · Program service revenue: Fees
total $289,118 · related or exempt $289,118
-
3 · Investment income
total $2,614,603 · related or exempt $2,614,603
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $803,457 · program services $803,457
-
2 · Grants to domestic individuals
total $5,975,992 · program services $5,975,992
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $795,071 · program services $758,611 · fundraising $36,460
-
11b · Fees: legal
total $1,871 · management and general $1,871
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $11,769 · program services $8,468 · management and general $3,301
-
12 · Advertising and promotion
total $23,500 · fundraising $23,500
-
13 · Office expenses
total $728,278 · program services $664,203 · management and general $21,466 · fundraising $42,609
-
14 · Information technology
total $277,066 · program services $163,080 · management and general $113,986
-
15 · Royalties
total $0
-
16 · Occupancy
total $87,193 · program services $87,193
-
17 · Travel
total $315,334 · program services $206,918 · management and general $54,208 · fundraising $54,208
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $399,697 · fundraising $399,697
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $10,844 · program services $6,648 · management and general $4,196
-
23 · Insurance
total $81,317 · management and general $81,317
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,407,092 · end of year $4,824,890
-
4 · Accounts receivable
beginning of year $82,563 · end of year $142,153
-
9 · Prepaid expenses and deferred charges
beginning of year $14,500 · end of year $20,000
-
10a · Land, buildings and equipment: cost or other basis
$6,419,481
-
10b · Land, buildings and equipment: accumulated depreciation
$120,258
-
10c · Land, buildings and equipment, net
beginning of year $6,310,067 · end of year $6,299,223
-
11 · Investments: publicly traded securities
beginning of year $78,625,811 · end of year $80,663,676
-
12 · Investments: other securities
beginning of year $12,839,692 · end of year $17,547,137
-
17 · Accounts payable and accrued expenses
beginning of year $377,543 · end of year $153,434
-
29 · Capital stock, trust principal or current funds
beginning of year $28,421,958 · end of year $28,472,308
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $1,360,589 · end of year $1,352,641
-
31 · Retained earnings, endowment or other funds
beginning of year $72,119,635 · end of year $79,518,696
Mission and programs · 2022
Mission
To promote and support literacy, scientific, educational, scholarship, research, charitable, and developmental purposes and goals at Tennessee State University.
-
Scholarships to individual students attending Tennessee State University through named endowments and other restricted funding sources.
Expenses $5,524,337 · Grants $5,524,337 · Revenue $8,642,955
-
Stipends paid to individuals, primarily at other collegiate institutions, providing services related to a technology grant.
Expenses $451,655 · Grants $451,655
-
TSU Foundation provides operational support to TSU, primarily in the form of payroll reimbursements as a pass-through from certain granting agencies.
Expenses $803,457 · Grants $803,457
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Valerie R Love
Chairperson
- Total calculated
- $0
- Hours/week
- 5
-
Roosevelt Luster III
Vice Chairperson
- Total calculated
- $0
- Hours/week
- 5
-
Robert E Blalock
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Lesia G Riddick
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Amos-Leon Otis
Immediate Past Chair
- Total calculated
- $0
- Hours/week
- 5
-
Traci Otey Blunt
Director
- Total calculated
- $0
- Hours/week
- 5
-
James Clayborne Jr
Director
- Total calculated
- $0
- Hours/week
- 5
-
Leslie Coleman
Director
- Total calculated
- $0
- Hours/week
- 5
-
Curtis Collier
Director
- Total calculated
- $0
- Hours/week
- 5
-
Charles Galbreath
Director
- Total calculated
- $0
- Hours/week
- 5
-
Glenda Glover
Director
- Total calculated
- $0
- Hours/week
- 5
-
Mario Payne
Director
- Total calculated
- $0
- Hours/week
- 5
-
Deddrick Perry
Director
- Total calculated
- $0
- Hours/week
- 5
-
Reginald J Shareef
Director
- Total calculated
- $0
- Hours/week
- 5
-
Cynthia Snyder
Director
- Total calculated
- $0
- Hours/week
- 5
-
Charles Traughber
Director
- Total calculated
- $0
- Hours/week
- 5
-
Laron A Walker
Director
- Total calculated
- $0
- Hours/week
- 5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
Tennessee State University
$803,457
Operational Support
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202333199349329238
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