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Nonprofiteer
← TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION.

Totals

Total revenue
$10,635,899
Total expenses
$9,033,896
Contributions and grants received
$6,486,123
Grants paid
$5,367,538
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$8,528,511
Management and general expenses
$474,336
Fundraising expenses
$31,049
Program service expenses (Part III)
$8,528,511

Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DR PHILIP OLDHAM

    CO-CHAIR

    Total calculated
    $513,170
    From this org
    $0
    From related orgs
    $463,133
    Other
    $50,037
    Hours/week
    3.7 + 33.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $463,086 related
    Bonus
    $0
    Other
    $0 + $47 related
    Deferred
    $0 + $32,080 related
    Nontaxable benefits
    $0 + $17,957 related
    Filer's total
    $0 + $513,170 related
  • DR CLAIRE STINSON

    TREASURER

    Total calculated
    $250,531
    From this org
    $0
    From related orgs
    $218,751
    Other
    $31,780
    Hours/week
    3.7 + 33.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,720 related
    Bonus
    $0
    Other
    $0 + $31 related
    Deferred
    $0 + $24,870 related
    Nontaxable benefits
    $0 + $6,910 related
    Filer's total
    $0 + $250,531 related
  • DR KEVIN BRASWELL

    SECRETARY

    Total calculated
    $246,982
    From this org
    $0
    From related orgs
    $208,262
    Other
    $38,720
    Hours/week
    18.7 + 18.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,215 related
    Bonus
    $0
    Other
    $0 + $47 related
    Deferred
    $0 + $20,763 related
    Nontaxable benefits
    $0 + $17,957 related
    Filer's total
    $0 + $246,982 related
  • CHRIS PRIVON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ASHRAF ISLAM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • HARRY STONECIPHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • OTTIS PHILLIPS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    0.5
  • DAVID COOLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • DIANNE MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • THOMAS M HUDSON JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • NATHAN TUDOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • THOMAS H JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • FRED LOWERY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ALLEN MCCAMPBELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • JOHN W ROSE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • TRUDY HARPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • MARY GRAVES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • AMY NEW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • ALFONZO ALEXANDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • NATHAN BURTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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. 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

The filer's explanations (Part III)

SCHEDULE J, LINE 3
TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION DOES NOT ENGAGE IN A COMPENSATION REVIEW PROCESS BECAUSE ALL COMPENSATION FOR CALENDAR YEAR 2022 IS PAID BY A RELATED ORGANIZATION, TENNESSEE TECHNOLOGICAL UNIVERSITY. THE PROCESS FOR DETERMINING COMPENSATION IS COMPLETED BY TENNESSEE TECHNOLOGICAL UNIVERSITY. TENNESSEE TECHNOLOGICAL UNIVERSITY'S BOARD OF DIRECTORS USES COMPARABILITY DATA, INCULDING COMPENSATION SURVEYS OR STUDIES TO DETERMINE AND PROPOSE A REASONABLE COMPENSATION AMOUNT FOR THE PRESIDENT. THE BOARD APPROVES THE PROPOSED COMPENSATION FOR THE PRESIDENT. REVIEW AND APPROVAL OF THE CEO IS DOCUMENTED IN THE BOARD MINUTES AND ALL COMPENSATION REVIEWS ARE INCLUDED IN EMPLOYEE FILES. THIS PROCESS WAS LAST UNDERTAKEN IN 2022.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

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.

  • TECH FARMS LLC

    AGRICULTURE · TN · income $493,702 · assets $7,671,093

    Directly controlled by TTUF

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401359349310625

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