Form 990 for tax year 2024
Filed by TENNESSEE STATE UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $12,693,369
- Total expenses
- $9,408,240
- Contributions and grants received
- $6,461,953
- Grants paid
- $5,901,633
- Program service revenue
- $357,271
- Investment income
- $5,874,145
- Other revenue
- $0
- Total assets, end of year
- $134,063,977
- Total liabilities, end of year
- $228,777
- Net assets or fund balances, end of year
- $133,835,200
- Program services expenses (Part IX)
- $8,869,658
- Management and general expenses
- $538,582
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $8,869,658
Program services were 94.3% 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
$6,461,953
-
2a · Program service revenue: SERVICE FEES
total $357,271 · related or exempt $357,271
-
3 · Investment income
total $5,874,145 · excluded $5,874,145
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $5,901,633 · program services $5,901,633
-
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 $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $9,285 · program services $9,285
-
13 · Office expenses
total $0
-
14 · Information technology
total $183,052 · program services $183,052
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $249,124 · program services $249,124
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $264,268 · management and general $264,268
-
22 · Depreciation, depletion and amortization
total $9,477 · management and general $9,477
-
23 · Insurance
total $75,714 · management and general $75,714
-
24a · Other expenses: OTHER SERVICES
total $966,836 · program services $966,836
-
24b · Other expenses: PROFESSIONAL SERVICES
total $522,807 · program services $522,807
-
24c · Other expenses: SERVICES AND SUPPLIES
total $419,308 · program services $406,865 · management and general $12,443
-
24d · Other expenses: CATERING SERVICES
total $332,883 · program services $332,883
-
24e · All other expenses
total $473,853 · program services $297,173 · management and general $176,680
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,494,753 · end of year $7,922,869
-
2 · Savings and temporary cash investments
end of year $17,280,989
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $149,615 · end of year $167,894
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
beginning of year $114,298,517 · end of year $102,411,955
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $6,289,746 · end of year $6,280,270
-
17 · Accounts payable and accrued expenses
beginning of year $413,773 · end of year $228,777
-
25 · Other liabilities
beginning of year $110,083
-
27 · Net assets without donor restrictions
beginning of year $28,589,216 · end of year $29,213,137
-
28 · Net assets with donor restrictions
beginning of year $96,119,559 · end of year $104,622,063
Mission and programs · 2024
Mission
TO PROMOTE AND SUPPORT LITERACY, SCIENTIFIC, EDUCATIONAL,SCHOLARSHIP,RESEARCH, AND DEVELOPMENTAL GOALS AT TENNESSEE STATE UNIVERSITY.
-
THE FOUNDATION SUPPORTING THE MISSION OF TENNESSEE STATE UNIVERSITY BY PROVIDING SCHOLARSHIPS, STIPHENS AND OPERATIONAL SUPPORT.
Expenses $8,869,658
As filed on the 2024 return.
Listed in Part VII
-
Laveil AllenLAVEIL ALLEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Valerie R LoveVALERIE R LOVE
Chairman
- Total calculated
- $0
- Hours/week
- 4
-
Robert E BlalockROBERT E BLALOCK
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Lisa G RiddickLISA G RIDDICK
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Roosevelt Luster IIIROOSEVELT LUSTER III
Vice chairman
- Total calculated
- $0
- Hours/week
- 2
-
Traci Otey BluntTRACI OTEY BLUNT
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brandon FoleyBRANDON FOLEY
Director
- Total calculated
- $0
- Hours/week
- 1
-
James Clayborne JrJAMES CLAYBORNE JR
Director
- Total calculated
- $0
- Hours/week
- 4
-
David GreenDAVID GREEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Deddrick PerryDEDDRICK PERRY
Director
- Total calculated
- $0
- Hours/week
- 1
-
Reginald J ShareefREGINALD J SHAREEF
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia SnyderCYNTHIA SNYDER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laron A WalkerLARON A WALKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Alexis JohnsonALEXIS JOHNSON
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrella KennerANDRELLA KENNER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Curtis HollisCURTIS HOLLIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Katrina KerrKATRINA KERR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dwayne TuckerDWAYNE TUCKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rick StevensRICK STEVENS
Director
- Total calculated
- $0
- Hours/week
- 2
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 January 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640279349301254
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