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
-
TENNESSEE TECHNOLOGICAL UNIVERSITY
$2,000,450
SUPPORT
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.
-
TENNESSEE TECHNOLOGICAL UNIVERSITY
115 · EDUCATION · TN
Directly controlled by NA
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.
-
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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