The University Of Tennessee Foundat Ion Inc
- Assets
- $742.6m
- Revenue
- $198.8m
- Investments
- $486.3m
- Employees
- 215
- Location
- Knoxville, TN
- Founding
- 06/2001
- Data as of
- 06/2021
- EIN
- 62-1844686
Organization Overview
The University Of Tennessee Foundat Ion Inc is located in Knoxville, TN. The organization was established in 2001. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2021, University Of Tennessee Foundat Ion Inc employed 215 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. University Of Tennessee Foundat Ion Inc 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, University Of Tennessee Foundat Ion Inc generated $198.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $80.4m during the year ending 06/2021. 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
THE FOUNDATION ENRICHES THE LIVES OF THE STUDENTS, FACULTY, STAFF, ALUMNI AND FRIENDS OF THE UNIVERSITY OF TENNESSEE THROUGH ALUMNI ENGAGEMENT, FINANCIAL STEWARDSHIP AND PRIVATE GIFT SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO COMPLY WITH DONOR STIPULATIONS, EARNINGS FROM INVESTED ENDOWMENT FUNDS WERE TRANSFERRED TO THE UNIVERSITY OF TENNESSEE. THE EARNINGS WILL BE USED FOR SCHOLARSHIPS, FELLOWSHIPS, LIBRARIES, RESEARCH, AND OTHER ACADEMIC RELATED PURPOSES. ALSO, AMOUNTS FUNDED BY RESTRICTED GIFTS FROM DONORS WERE PAID TO THE UNIVERSITY TO COVER THE COSTS OF CONSTRUCTION, RENOVATIONS AND VARIOUS OTHER PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William R Bryant Jr Development | Officer | $393,669 | |
Love Collins III Development | Officer | $347,319 | |
Woodrow M Henderson Development | Officer | $297,571 | |
Kurt J Gulbrand Development | Officer | $278,459 | |
Duane Wiles Development | Officer | $246,614 | |
Bethany K Goolsby Development | Officer | $238,260 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imodules Mgmt Software | 6/29/18 | $139,628 |
Ellucian Software Servic | 6/29/18 | $206,501 |
Stelter Company Management Cons | 6/29/18 | $132,107 |
Marketing Communication Resource In Printing & Publ | 6/29/18 | $186,870 |
Smg Event Venue | 6/29/18 | $121,077 |
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 | $152,110,486 |
| Noncash contributions included in lines 1a–1f | $15,671,931 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,110,486 |
| Total Program Service Revenue | $0 |
| Investment income | $17,153,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $404,664 |
| 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 | $198,804,674 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,339,974 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,769,202 |
| Compensation of current officers, directors, key employees. | $4,769,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,218,843 |
| Pension plan accruals and contributions | $2,077,487 |
| Other employee benefits | $2,564,765 |
| Payroll taxes | $1,489,790 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $38,975 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,095,951 |
| Advertising and promotion | $0 |
| Office expenses | $607,351 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $281,245 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $843,016 |
| Total functional expenses | $80,401,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,133 |
| Savings and temporary cash investments | $78,517,474 |
| Pledges and grants receivable | $171,264,387 |
| Accounts receivable, net | $208,920 |
| 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 | $486,278,340 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,329,955 |
| Total assets | $742,610,209 |
| Accounts payable and accrued expenses | $673,653 |
| 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 | $14,675,769 |
| Total liabilities | $15,349,422 |
| Net assets without donor restrictions | $33,753,114 |
| Net assets with donor restrictions | $693,507,673 |
| 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 | $742,610,209 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The University Of Tennessee Foundat Ion Inc has recieved totaling $22,244.
| Awarding Organization | Amount |
|---|---|
Dr Alvin H & Alva Jamison Crawford Family Foundation Cincinnati, OH PURPOSE: GENERAL | $17,244 |
The Fullgraf Foundation Wilmington, DE PURPOSE: UNIVERSITY OF TENNESSEE INSTITUTE OF AGRICULTURE ADVANCING EQUINE HEALTH | $5,000 |
Endowment Analysis
| Beg. Balance | $318,493,543 |
| Earnings | $86,638,728 |
| Net Contributions | $82,158,808 |
| Grants | $13,248,256 |
| Ending Balance | $474,042,823 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Medical Services Foundation Inc Lexington, KY | $270,966,937 | $425,440,367 |
University Of Kentucky Research Foundation Lexington, KY | $188,775,172 | $369,852,057 |
University Of Georgia Research Foundation Inc Athens, GA | $126,359,390 | $273,465,461 |
Robert W Woodruff Health Sciences Center Fund Inc Atlanta, GA | $1,114,739,846 | $188,927,419 |
Virginia Tech Foundation Inc Blacksburg, VA | $2,253,132,781 | $221,999,686 |
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Arkansas Foundation Inc Fayetteville, AR | $2,089,992,333 | $297,590,096 |
University Of Mississippi Foundation Oxford, MS | $716,526,476 | $64,727,887 |
Auburn University Foundation Auburn, AL | $857,894,187 | $96,896,842 |