Tnachieves
- Assets
- $1.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 41
- Location
- Knoxville, TN
- Founding
- 04/2011
- Data as of
- 06/2022
- EIN
- 27-4673873
Organization Overview
Tnachieves is located in Knoxville, TN. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Tnachieves employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tnachieves is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Tnachieves generated $3.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $3.3m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TNACHIEVES IS A LAST DOLLAR SCHOLARSHIP AND MENTORING PROGRAM DESIGNED TO PROVIDE AN OPPORTUNITY FOR TENNESSEE PUBLIC HIGH SCHOOL GRADUATES TO RECEIVE ANNUAL FUNDING SUPPORT FOR COLLEGE TUITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION OF NON-FINANCIAL COMPONENTS OF TENNESSEE PROMISE AS A PARTNERING ORANIZATION IN 83 COUNTIES OF TENNESSEE - THE ORGANIZATION ADMINSITERS TENNESSEE PROMISE FOR THE TENNESSEE HIGHER EDUCATION COMMISSION AND TENNESSEE STUDENT ASSISTANCE CORPORATION. THROUGH PROGRAMS OPERATED BY TNACHIEVES, TENNESSEE PROMISE PROVIDES COUNSELING AND FINANCIAL ASSISTANCE THAT ALLOWS STUDENTS TO ATTEND A POST SECONDARY EDUCATIONAL PROGRAM IN THE STATE OF TENNESEE. TNACHIEVES ENSURES STUDENTS MEET THE REQUIREMENTS FOR RECIEVING ASSISTANCE, FACILITATES VOLUNTEER MENTORING TO ENSURE STUDENT SUCCESS AND MONITORS REQUIREMENTS FOR STUDENTS TO PARTICIPATE IN COMMUNITY VOLUNTEER AND SERVICE ROLES AS A PART OF RECEIVEING ASSISTANCE.
MANAGMENT OF KNOX PROMISE - THE ORGANIZATION OPERATES KNOX PROMISE. KNOX PROMISE IS A PILOT PROGRAM THAT PROVIDES MENTORING, COACHING AND FINANCIAL ASSITANCE TO STUDENTS FROM KNOX COUNTY, TN. RECIPIENTS ARE DETERMINED BY NEED TO ENSURE UNEXPECTED FINANCIAL BURDENS ARE NOT BARRIERS TO COLLEGE GRADUATION. LIMITED ASSISTANCE MAY BE PROVIDED TO PURCHASE BOOKS, PAY RENT OR TRANSPORTATION COSTS, FOOD OR OTHER FINANCIAL NEEDS A STUDENT MAY HAVE THAT MIGHT ENDANGER THEIR ABILITY TO STAY IN SCHOOL. IF A STUDENT MEETS THE SPECIFIC FINANCIAL REQUIREMENTS FOR ASSISTANCE, KNOX PROMISE STUDENTS MAY RECEIVE UP TO $1,500 PER STUDENT PER SEMESTER FOR UP TO FIVE SEMESTERS OR $938 PER STUDENT FOR UP TO EIGHT TRIMESTERS.
THE ORGANIZATION MANAGES AND DISBURSES COMPLETION GRANTS FOR STUDENTS ACROSS TENNESSEE EXCLUDING KNOX COUNTY, DETERMINED BY NEED, TO ENSURE UNEXPECTED FINANCIAL BURDENS ARE NOT BARRIERS TO COLLEGE GRADUATION. LIMITED ASSISTANCE MAY BE PROVIDED TO PURCHASE BOOKS, PAY RENT OR TRANSPORTATION COSTS, FOOD OR OTHER FINANCIAL NEEDS A STUDENT MAY HAVE THAT MIGHT ENDANGER THEIR ABILITY TO STAY IN SCHOOL. IF A STUDENT MEETS THE SPECIFIC FINANCIAL REQUIREMENTS FOR ASSISTANCE, STUDENTS MAY RECEIVE UP TO $1,000 PER STUDENT EACH SEMESTER FOR UP TO FIVE SEMESTERS OR $625 PER STUDENT FOR UP TO EIGHT TRIMESTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William E Haslam Director | Trustee | 0 | $0 |
Mike Ragsdale Director | Trustee | 0 | $0 |
Randal Boyd Director | Trustee | 0 | $0 |
Tim Williams Director | Trustee | 0 | $0 |
Linda Martin Director | Trustee | 0 | $0 |
Krissy Dealejandro President & CEO | Officer | 40 | $268,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,912,501 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,583,301 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,495,802 |
| Total Program Service Revenue | $0 |
| Investment income | $193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,495,995 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $626,453 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $299,960 |
| Compensation of current officers, directors, key employees. | $104,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,471,851 |
| Pension plan accruals and contributions | $35,407 |
| Other employee benefits | $148,445 |
| Payroll taxes | $130,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,216 |
| Advertising and promotion | $0 |
| Office expenses | $8,247 |
| Information technology | $149,095 |
| Royalties | $0 |
| Occupancy | $45,836 |
| Travel | $30,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $995 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,415 |
| All other expenses | $1,833 |
| Total functional expenses | $3,282,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,942,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,942,276 |
| Accounts payable and accrued expenses | $132,895 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $132,895 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,809,381 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,942,276 |