TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION Charity Report

Public IRS 990 nonprofit record

TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION

EIN 59-1777911 · Education (B110)

What they do

THE TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION is A NON-PROFIT 501(C)(3) CORPORATION WHOSE PURPOSE is to PROVIDE GUIDANCE and ASSISTANCE for A PROGRAM of PRIVATE GIFT SUPPORT for TENNESSEE TECH. MORE SPECIFICALLY ITS PURPOSES ARE to PROMOTE THE DEVELOPMENT PROGRAM AT TENNESSEE TECH; PROVIDE ADVICE, COUNSEL, and ASSISTANCE to THE PRESIDENT ON STRATEGIC ISSUES THAT IMPACT THE DIRECTION and FUTURE of THE UNIVERSITY; ENCOURAGE, RECOGNIZE, and REWARD OUTSTANDING ACHIEVEMENTS BY FACULTY, STAFF, STUDENTS, ALUMNI, and FRIENDS of TENNESSEE TECH; and RECEIVE and ADMINISTER PRIVATE FUNDS WHICH ARE CONTRIBUTED to TENNESSEE TECH and IN THOSE CASES WHERE FUNDS ARE GIVEN WITH RESTRICTIONS, to FOLLOW and ABIDE BY THE PROVISIONS of THE RESTRICTIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders16 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

95.92%of revenue went to mission work97.8% of expenses · Program services

0.18%of revenue went to fundraising0.2% of expenses

$98.10spent for every $100 of revenueRevenue covered expenses this year.

2.00%of revenue went to management and office costs2.0% of expenses

$9.83in assets for every $1 spent this yearSome assets cannot be spent right away.

46.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $56,177 for DR PHILIP OLDHAM (CO-CHAIR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$16,396,588

Mission workProgram services$15,727,70495.92% of revenue97.8% of expenses

ManagementOffice and general costs$327,5002.00% of revenue2.0% of expenses

FundraisingAsking for donations$30,0540.18% of revenue0.2% of expenses

Revenue left after expensesReported annual surplus$311,3301.90% of revenueShown in gray on the chart

Total expenses$16,085,25898.10% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 97.8% mission · 2.0% management · 0.2% fundraisingTotal expenses: 98.10% of revenue

2023Expense mix: 97.6% mission · 2.3% management · 0.2% fundraisingTotal expenses: 93.41% of revenue

2022Expense mix: 94.4% mission · 5.3% management · 0.3% fundraisingTotal expenses: 84.94% of revenue

2021Expense mix: 94.9% mission · 4.8% management · 0.3% fundraisingTotal expenses: 29.86% of revenue

2020Expense mix: 95.2% mission · 4.5% management · 0.3% fundraisingTotal expenses: 67.49% of revenue

2019Expense mix: 94.0% mission · 5.7% management · 0.4% fundraisingTotal expenses: 65.04% of revenue

2018Expense mix: 94.2% mission · 5.4% management · 0.4% fundraisingTotal expenses: 70.26% of revenue

2017Expense mix: 93.3% mission · 6.2% management · 0.5% fundraisingTotal expenses: 83.64% of revenue

Money in and money out

Revenue$16,396,588

Expenses$16,085,258

Annual surplus $311,330 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$15,727,704 · 97.8% of expenses

Management and office costs$327,500 · 2.0% of expenses

Fundraising$30,054 · 0.2% of expenses

See all reported dollar amounts

Revenue$16,396,588

Expenses$16,085,258

Assets$158,129,818

Income$42,589,906

Contributions$7,665,207

Mission work (program services)$15,727,704

Fundraising$30,054

Grants given$27,004,802

Average grant$3,375,600

Management and general$327,500

Stocks and bonds$123,280,580

Investing fees$47,898

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DR PHILIP OLDHAMCO-CHAIR · 4 hrs/week $56,177Base · Other $56,177

DR KEVIN BRASWELLSECRETARY · 19 hrs/week $41,771Base · Other $41,771

DR CLAIRE STINSONTREASURER · 4 hrs/week $35,417Base · Other $35,417

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (16)

DR PHILIP OLDHAMCO-CHAIR

DR KEVIN BRASWELLSECRETARY

DR CLAIRE STINSONTREASURER

ALFONZO ALEXANDERVICE CHAIR

AMY NEWVICE CHAIR-ELECT

BRAXTON WESTBROOKSTUDENT MEMBER

CHRIS PRIVONDIRECTOR

FRED LOWERYDIRECTOR

JOHN MILNEDIRECTOR

JOHN W ROSEDIRECTOR

M DIANNE MURPHYCHAIR

NATHAN BURTONDIRECTOR

PETER SHENDIRECTOR

TERESA CHASTEEN-DUNNDIRECTOR

TRUDY HARPERDIRECTOR

ZAIRE MATTOXSTUDENT MEMBER

About this charity

Recognized since: January 1978
Location: UNIV ADVAN DERRYBERRY HALL, COOKEVILLE, TN 385050001
County: Putnam
In care of: DR CLAIRE STINSON
Primary officer: DR CLAIRE STINSON, TREASURER

How to reach them

WebsiteVisit the charity’s website Emailequity@tntech.edu Phone(931) 372-3311

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: FORVIS MAZARS LLP
NTEE classification: Education (B110)
Grant-giving organization: Yes