Tnachieves
- Assets
- $1.7m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 27
- Location
- Knoxville, TN
- Founding
- 04/2011
- Data as of
- 06/2021
- 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 06/2021, Tnachieves employed 27 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 06/2021, Tnachieves generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $3.1m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 6 years. 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
2021
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 COMMUNITY COLLEGE TUITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION ALLOWED STUDENTS TO ATTEND A TENNESSEE COLLEGE OF APPLIED TECHNOLOGY OR COMMUNITY COLLEGE. STUDENTS WERE MENTORED TO ENSURE SUCCESS WHILE ATTENDING THEIR POST-SECONDARY INSTITUTION.
THE ORGANIZATION WILL MANAGE AND DISBURSE COMPLETION GRANTS FOR STUDENTS, DETERMINED BY NEED, TO ENSURE UNEXPECTED FINANCIAL BURDENS ARE NOT BARRIERS TO COLLEGE GRADUATION. STUDENTS MAY RECEIVE UP TO $1,500 PER STUDENT EACH SEMESTER FOR UP TO FIVE SEMESTERS OR $938 PER STUDENT FOR UP TO EIGHT TRIMESTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krissy Dealejandro Executive Administrator | Officer | 40 | $261,036 |
Graham Thomas Manager | 40 | $102,887 | |
Mike Ragsdale Director | Trustee | 0 | $0 |
William E Haslam Director | Trustee | 0 | $0 |
Linda Martin Director | Trustee | 0 | $0 |
Randal Boyd Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,394,390 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,885,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,280,335 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $86 |
| 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 | $3,280,421 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $772,758 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $276,244 |
| Compensation of current officers, directors, key employees. | $96,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,281,924 |
| Pension plan accruals and contributions | $28,901 |
| Other employee benefits | $152,131 |
| Payroll taxes | $112,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $29,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,084 |
| Advertising and promotion | $0 |
| Office expenses | $3,324 |
| Information technology | $152,561 |
| Royalties | $0 |
| Occupancy | $33,369 |
| Travel | $1,547 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $322 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,892 |
| All other expenses | $350 |
| Total functional expenses | $3,094,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,652,565 |
| 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 | $1,652,565 |
| Accounts payable and accrued expenses | $56,933 |
| 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 | $56,933 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,595,632 |
| 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 | $1,652,565 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tnachieves has recieved totaling $1,138,115.
| Awarding Organization | Amount |
|---|---|
Tennessee State Collaborative On Reforming Education Nashville, TN PURPOSE: AWARD | $863,110 |
East Tennessee Foundation Knoxville, TN PURPOSE: GEN/OPER SUPPORT | $125,000 |
Charis Foundation Knoxville, TN PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Charis Foundation Knoxville, TN PURPOSE: GENERAL OPERATING SUPPORT | $75,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Hire Heroes Usa Alpharetta, GA | $7,840,449 | $13,205,192 |
Scholarships For Kids Inc Birmingham, AL | $21,791,162 | $14,541,038 |
Apogee Georgia School Choice Scholarship Fund Atlanta, GA | $21,549,156 | $14,581,744 |