Middle Tennessee State University Foundation
- Assets
- $118.0m
- Revenue
- $16.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Murfreesboro, TN
- Founding
- 05/1963
- Data as of
- 06/2022
- EIN
- 62-0695507
Organization Overview
Middle Tennessee State University Foundation is located in Murfreesboro, TN. The organization was established in 1963. 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. Middle Tennessee State 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, Middle Tennessee State University Foundation generated $16.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $11.1m 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
FUNDRAISING FOR EDUCATIONAL AND RELATED SUPPORT OF MIDDLE TENNESSEE STATE UNIVERSITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR THE FISCAL YEAR ENDED JUNE 30 2022 THE FOUNDATION RAISED 22,873,924 IN CONTRIBUTIONS AND DISBURSED 7,912,632 IN PROGRAM EXPENSES INCLUDING 2,778,552 FOR SCHOLARSHIPS AND AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Ayers President | OfficerTrustee | 0 | $0 |
Ronald Roberts Vice-President | OfficerTrustee | 0 | $0 |
Brian F Kidd Treasurer | OfficerTrustee | 0 | $0 |
Sonya Leeman Secretary | OfficerTrustee | 0 | $0 |
William J Bales Executive Director | Trustee | 55 | $0 |
Michael Smith Trustee | Trustee | 0 | $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 | $22,873,924 |
| Noncash contributions included in lines 1a–1f | $3,671,325 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,873,924 |
| Total Program Service Revenue | $0 |
| Investment income | $89,697 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,675 |
| Net Gain/Loss on Asset Sales | $78,534 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,471,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,778,552 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $53,067 |
| Fees for services: Investment Management | $408,206 |
| Fees for services: Other | $344,108 |
| Advertising and promotion | $144,912 |
| Office expenses | $488,815 |
| Information technology | $31,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $149,570 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,787 |
| Insurance | $73,390 |
| All other expenses | $26,538 |
| Total functional expenses | $11,090,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $24,522,309 |
| Pledges and grants receivable | $5,621,839 |
| Accounts receivable, net | $83,622 |
| 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 | $54,627 |
| Net Land, buildings, and equipment | $976,917 |
| Investments—publicly traded securities | $86,740,273 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $117,999,587 |
| Accounts payable and accrued expenses | $1,166,082 |
| 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 | $1,166,082 |
| Net assets without donor restrictions | $3,901,752 |
| Net assets with donor restrictions | $112,931,753 |
| 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 | $117,999,587 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Middle Tennessee State University Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Sumpter Yeaman Charitable Foundation Nashville, TN PURPOSE: TYLER SCHULTZ MEMORIAL SCHOLARSHIP | $2,000 |
Endowment Analysis
| Beg. Balance | $89,701,789 |
| Earnings | -$6,460,596 |
| Admin Expense | $893,608 |
| Net Contributions | $3,443,429 |
| Other Expense | -$321,194 |
| Grants | $3,058,121 |
| Ending Balance | $83,054,087 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Unc Health Foundation Inc Chapel Hill, NC | $571,825,040 | $92,147,897 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
Shorter University Inc Rome, GA | $57,209,537 | $39,807,545 |
Ole Miss Athletics Foundation Oxford, MS | $97,065,287 | $57,643,164 |
Kennesaw State University Foundation Inc Kennesaw, GA | $537,455,993 | $85,548,111 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
University Of South Alabama Foundation Mobile, AL | $392,021,424 | $13,140,864 |
North Carolina State University Foundation Inc Raleigh, NC | $679,121,022 | $52,520,062 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Georgia State University Foundation Inc Atlanta, GA | $466,073,205 | $89,649,877 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |