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Nonprofiteer
← THE UNIVERSITY OF TENNESSEE FOUNDAT ION INC

Form 990 for tax year 2022

Filed by THE UNIVERSITY OF TENNESSEE FOUNDAT ION INC.

Totals

Total revenue
$211,789,117
Total expenses
$159,866,782
Contributions and grants received
$149,486,966
Grants paid
$76,670,452
Program service revenue
$0
Investment income
$29,563,424
Other revenue
$32,738,727
Total assets, end of year
$879,180,812
Total liabilities, end of year
$67,687,000
Net assets or fund balances, end of year
$811,493,812
Program services expenses (Part IX)
$112,268,331
Management and general expenses
$47,546,872
Fundraising expenses
$51,579
Program service expenses (Part III)
$112,268,331

Program services were 70.2% 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

    $149,486,966

  • 1g · Noncash contributions included above

    $16,231,198

  • 3 · Investment income

    total $29,563,424 · excluded $29,563,424

  • 11a · Other revenue: CONTRACT WITH UT

    total $32,530,504 · excluded $32,530,504

  • 11b · Other revenue: UTRF DIRECT SUPPORT

    total $205,104 · excluded $205,104

  • 11c · Other revenue: RE RESERVE

    total $1,995 · excluded $1,995

  • 11d · All other revenue

    total $1,124 · excluded $1,124

  • 11e · Other revenue, total

    $32,738,727

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $76,670,452 · program services $76,670,452

  • 5 · Compensation of officers, directors and key employees

    total $6,279,999 · management and general $6,279,999

  • 7 · Other salaries and wages

    total $25,037,616 · program services $7,637,074 · management and general $17,400,542

  • 8 · Pension plan contributions

    total $2,713,470 · program services $472,906 · management and general $2,240,564

  • 9 · Other employee benefits

    total $3,293,449 · program services $639,886 · management and general $2,653,563

  • 10 · Payroll taxes

    total $1,899,818 · program services $339,038 · management and general $1,560,780

  • 11e · Fees: professional fundraising services

    total $51,579 · fundraising $51,579

  • 11g · Fees: other

    total $13,754,384 · program services $4,560,853 · management and general $9,193,531

  • 13 · Office expenses

    total $912,217 · program services $188,099 · management and general $724,118

  • 17 · Travel

    total $2,859,999 · program services $1,944,074 · management and general $915,925

  • 24a · Other expenses: CAPITAL PROJECTS

    total $9,696,311 · program services $9,696,311

  • 24b · Other expenses: OTHER

    total $7,113,575 · program services $5,488,565 · management and general $1,625,010

  • 24c · Other expenses: SUPPLIES

    total $5,401,213 · program services $3,081,003 · management and general $2,320,210

  • 24d · Other expenses: ENTERTAINMENT

    total $3,526,969 · program services $1,348,945 · management and general $2,178,024

  • 24e · All other expenses

    total $655,731 · program services $201,125 · management and general $454,606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,427 · end of year $65,602

  • 2 · Savings and temporary cash investments

    beginning of year $75,536,156 · end of year $76,275,215

  • 3 · Pledges and grants receivable

    beginning of year $146,416,653 · end of year $142,307,259

  • 4 · Accounts receivable

    beginning of year $21,578,339 · end of year $11,445

  • 12 · Investments: other securities

    beginning of year $534,264,824 · end of year $655,908,611

  • 15 · Other assets

    beginning of year $2,876,286 · end of year $4,612,680

  • 17 · Accounts payable and accrued expenses

    beginning of year $253,527 · end of year $805,070

  • 25 · Other liabilities

    beginning of year $30,790,983 · end of year $66,881,930

  • 27 · Net assets without donor restrictions

    beginning of year $32,160,669 · end of year $44,030,550

  • 28 · Net assets with donor restrictions

    beginning of year $717,501,506 · end of year $767,463,262

Mission and programs · 2022

Mission

THE FOUNDATION ENRICHES THE LIVES OF THE STUDENTS, FACULTY, STAFF, ALUMNI AND FRIENDS OF THE UNIVERSITY OF TENNESSEE THROUGH ALUMNI ENGAGEMENT, FINANCIAL STEWARDSHIP AND PRIVATE GIFT SUPPORT.

  • TO COMPLY WITH DONOR STIPULATIONS, EARNINGS FROM INVESTED ENDOWMENT FUNDS WERE TRANSFERRED TO THE UNIVERSITY OF TENNESSEE. THE EARNINGS WILL BE USED FOR SCHOLARSHIPS, FELLOWSHIPS, LIBRARIES, RESEARCH, AND OTHER ACADEMIC RELATED PURPOSES. ALSO, AMOUNTS FUNDED BY RESTRICTED GIFTS FROM DONORS WERE PAID TO THE UNIVERSITY TO COVER THE COSTS OF CONSTRUCTION, RENOVATIONS AND VARIOUS OTHER PROJECTS.

    Expenses $112,268,331 · Grants $76,670,452

As filed on the 2022 return.

Listed in Part VII

  • RONALD E FRIESON

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • ALAN WILSON

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • PHILIP A WENK

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • HANS N AIREE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • STEVEN ANGLE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • K JEANNIE BEAUCHAMP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ISAAC BENNETT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHRISTOPHER B BOLLINGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KAREN BOWLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RANDAL D BOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PETER BUCKLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PHILLIP A CLENDENIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KIMBERLY W CROSS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ROBERT F DECOSIMO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • C DOUGLAS HANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JUDITH HERBERT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RENEE IACONA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • DEBBIE INGRAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KATHY W LEDBETTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • EMILY C LOVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • CHARLES A WAGNER III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • RICHARD WARREN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JAMIE WOODSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KERRY W WITCHER

    PRESIDENT &

    Total calculated
    $355,397
    From this org
    $288,185
    From related orgs
    $0
    Other
    $67,212
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,185
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,478
    Nontaxable benefits
    $33,734
    Filer's total
    $355,397

  • ADAM HELLER

    TREASURER &

    Total calculated
    $239,858
    From this org
    $188,348
    From related orgs
    $0
    Other
    $51,510
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,348
    Bonus
    not reported
    Other
    not reported
    Deferred
    $19,518
    Nontaxable benefits
    $31,992
    Filer's total
    $239,858

  • RACHAEL R LEBLANC

    SECRETARY

    Total calculated
    $111,743
    From this org
    $69,731
    From related orgs
    $0
    Other
    $42,012
    Hours/week
    40

  • WILLIAM R BRYANT JR

    DEVELOPMENT

    Total calculated
    $578,015
    From this org
    $469,175
    From related orgs
    $0
    Other
    $108,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $392,300
    Bonus
    $76,875
    Other
    not reported
    Deferred
    $73,404
    Nontaxable benefits
    $35,436
    Filer's total
    $578,015

  • WOODROW M HENDERSON

    DEVELOPMENT

    Total calculated
    $384,401
    From this org
    $321,478
    From related orgs
    $0
    Other
    $62,923
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,978
    Bonus
    $28,500
    Other
    not reported
    Deferred
    $32,378
    Nontaxable benefits
    $30,545
    Filer's total
    $384,401

  • DUANE WILES

    DEVELOPMENT

    Total calculated
    $317,827
    From this org
    $261,305
    From related orgs
    $0
    Other
    $56,522
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,320
    Bonus
    $23,985
    Other
    not reported
    Deferred
    $23,839
    Nontaxable benefits
    $32,683
    Filer's total
    $317,827

  • BETHANY K GOOLSBY

    DEVELOPMENT

    Total calculated
    $312,008
    From this org
    $250,171
    From related orgs
    $0
    Other
    $61,837
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,171
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,926
    Nontaxable benefits
    $32,911
    Filer's total
    $312,008

  • CHARLES DEAL

    DEVELOPMENT

    Total calculated
    $249,761
    From this org
    $196,688
    From related orgs
    $0
    Other
    $53,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,688
    Bonus
    not reported
    Other
    not reported
    Deferred
    $42,377
    Nontaxable benefits
    $10,696
    Filer's total
    $249,761

  • BRADY HART

    DEVELOPMENT

    Total calculated
    $233,842
    From this org
    $194,389
    From related orgs
    $0
    Other
    $39,453
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,894
    Bonus
    $12,495
    Other
    not reported
    Deferred
    $19,200
    Nontaxable benefits
    $20,253
    Filer's total
    $233,842

  • STEPHEN H CATLETT

    DEVELOPMENT

    Total calculated
    $252,350
    From this org
    $217,275
    From related orgs
    $0
    Other
    $35,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,087
    Bonus
    $19,188
    Other
    not reported
    Deferred
    $22,037
    Nontaxable benefits
    $13,038
    Filer's total
    $252,350

  • BRIAN BROYLES

    DEVELOPMENT

    Total calculated
    $241,561
    From this org
    $189,822
    From related orgs
    $0
    Other
    $51,739
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,176
    Bonus
    $16,646
    Other
    not reported
    Deferred
    $20,047
    Nontaxable benefits
    $31,692
    Filer's total
    $241,561

  • MICHAEL O CARTER

    DEVELOPMENT

    Total calculated
    $251,299
    From this org
    $196,045
    From related orgs
    $0
    Other
    $55,254
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,045
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,138
    Nontaxable benefits
    $32,116
    Filer's total
    $251,299

  • JAMES F OBEAR

    DEVELOPMENT

    Total calculated
    $255,447
    From this org
    $202,245
    From related orgs
    $0
    Other
    $53,202
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,854
    Bonus
    $14,391
    Other
    not reported
    Deferred
    $21,261
    Nontaxable benefits
    $31,941
    Filer's total
    $255,447

  • ANDREW THOMAS SHEEHY

    DEVELOPMENT

    Total calculated
    $273,841
    From this org
    $197,085
    From related orgs
    $0
    Other
    $76,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,863
    Bonus
    $14,222
    Other
    not reported
    Deferred
    $44,858
    Nontaxable benefits
    $31,898
    Filer's total
    $273,841

  • STATLER S REAGAN

    DEVELOPMENT

    Total calculated
    $249,605
    From this org
    $196,569
    From related orgs
    $0
    Other
    $53,036
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,660
    Bonus
    $17,909
    Other
    not reported
    Deferred
    $20,913
    Nontaxable benefits
    $32,123
    Filer's total
    $249,605

  • BRIAN D SHUPE

    DEVELOPMENT

    Total calculated
    $264,732
    From this org
    $191,366
    From related orgs
    $0
    Other
    $73,366
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,698
    Bonus
    $17,668
    Other
    not reported
    Deferred
    $41,687
    Nontaxable benefits
    $31,679
    Filer's total
    $264,732

  • BENJAMIN WEST

    DEVELOPMENT

    Total calculated
    $214,791
    From this org
    $173,418
    From related orgs
    $0
    Other
    $41,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,418
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,836
    Nontaxable benefits
    $23,537
    Filer's total
    $214,791

  • ELIZABETH WEATHERLY

    DEVELOPMENT

    Total calculated
    $176,027
    From this org
    $155,273
    From related orgs
    $0
    Other
    $20,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,273
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,069
    Nontaxable benefits
    $12,685
    Filer's total
    $176,027

  • A ERICK WEBER

    DEVELOPMENT

    Total calculated
    $212,236
    From this org
    $164,408
    From related orgs
    $0
    Other
    $47,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,686
    Bonus
    $13,722
    Other
    not reported
    Deferred
    $16,566
    Nontaxable benefits
    $31,262
    Filer's total
    $212,236

  • GREGORY R HARRIS

    DEVELOPMENT

    Total calculated
    $201,745
    From this org
    $154,267
    From related orgs
    $0
    Other
    $47,478
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,267
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,095
    Nontaxable benefits
    $31,383
    Filer's total
    $201,745

  • KURT GULBRAND

    DEVELOPMENT

    Total calculated
    $285,359
    From this org
    $231,877
    From related orgs
    $0
    Other
    $53,482
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,395
    Bonus
    $17,482
    Other
    not reported
    Deferred
    $21,149
    Nontaxable benefits
    $32,333
    Filer's total
    $285,359

  • TIMOTHY P LANIER

    DEVELOPMENT

    Total calculated
    $196,003
    From this org
    $146,536
    From related orgs
    $0
    Other
    $49,467
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,536
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,186
    Nontaxable benefits
    $16,281
    Filer's total
    $196,003

  • CHANDRA TUGGLE

    DEVELOPMENT

    Total calculated
    $197,030
    From this org
    $145,131
    From related orgs
    $0
    Other
    $51,899
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,131
    Bonus
    not reported
    Other
    not reported
    Deferred
    $32,979
    Nontaxable benefits
    $18,920
    Filer's total
    $197,030

  • MATTHEW KOMMER

    DEVELOPMENT

    Total calculated
    $184,619
    From this org
    $141,655
    From related orgs
    $0
    Other
    $42,964
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,242
    Bonus
    $10,413
    Other
    not reported
    Deferred
    $13,440
    Nontaxable benefits
    $29,524
    Filer's total
    $184,619

  • MICHAEL MCCAY

    DEVELOPMENT

    Total calculated
    $205,038
    From this org
    $140,925
    From related orgs
    $0
    Other
    $64,113
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,925
    Bonus
    not reported
    Other
    not reported
    Deferred
    $33,400
    Nontaxable benefits
    $30,713
    Filer's total
    $205,038

  • PAUL CLARK

    DEVELOPMENT

    Total calculated
    $171,924
    From this org
    $141,094
    From related orgs
    $0
    Other
    $30,830
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,531
    Bonus
    $6,563
    Other
    not reported
    Deferred
    $12,590
    Nontaxable benefits
    $18,240
    Filer's total
    $171,924

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • UTFI REAL ESTATE LLC

    REAL EST. · TN · income $2,818,500 · assets $3,597,000

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349309939

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