Tennessee Technological University Foundation

Organization Overview

Tennessee Technological University Foundation is located in Cookeville, TN. The organization was established in 1978. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Technological University Foundation 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, Tennessee Technological University Foundation generated $26.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $8.0m during the year ending 06/2022. While expenses have increased by 2.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

CONTRIBUTE TO THE GENERAL WELFARE OF SOCIETY AND TTU AS A PUBLIC BENEFIT CORPORATION. PROVIDE PRIVATE GIFT SUPPORT FOR ANNUAL AND CAPITAL PURPOSES AND PROMOTE TTU.

Describe the Organization's Program Activity:

PROVIDED FUNDS FOR SCHOLARSHIPS AND SUPPORT OF TENNESSEE TECHNOLOGICAL UNIVERSITY.


MADE PURCHASES, PAID FOR TRAVEL, AND PERFORMED MAINTENANCE ON BEHALF OF TENNESSEE TECHNOLOGICAL UNIVERSITY DEPARTMENTS, PER DONOR REQUESTS.


TRANSFERRED FUNDS TO TENNESSEE TECHNOLOGICAL UNIVERSITY FOR THE SUPPORT OF VARIOUS DEPARTMENTS.


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Board, Officers & Key Employees

Name (title)Compensation
Dr Philip Oldham
Co-Chair
$0
Dr Kevin Braswell
Secretary
$0
Dr Claire Stinson
Treasurer
$0
Ottis Phillips
Vice-Chair
$0
David Cooley
Director
$0
Dianne Murphy
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$21,315,171
Noncash contributions included in lines 1a–1f $1,216,441
Total Revenue from Contributions, Gifts, Grants & Similar$21,315,171
Total Program Service Revenue$0
Investment income $43,555
Tax Exempt Bond Proceeds $0
Royalties $575
Net Rental Income $382,614
Net Gain/Loss on Asset Sales $3,775,105
Net Income from Fundraising Events $171,874
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,869,874

Grants Awarded

Over the last fiscal year, Tennessee Technological University Foundation has awarded $2,592,082 in support to 2 organizations.

Grant RecipientAmount

TENNESSEE TECHNOLOGICAL UNIVERSITY

PURPOSE: SUPPORT

$2,582,082

LEADERSHIP PUTNAM

PURPOSE: SUPPORT

$10,000
View Grant Profile

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