The University Of Tennessee Foundat Ion Inc

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 06/2022, University Of Tennessee Foundat Ion Inc employed 294 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 06/2022, University Of Tennessee Foundat Ion Inc generated $225.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $143.3m during the year ending 06/2022. While expenses have increased by 8.1% 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 990 Filing

TAX YEAR

2022

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)Compensation
Ronald E Frieson
Chair
$0
Alan Wilson
Vice Chair
$0
Randal D Boyd
Director
$0
Hans N Airee
Director
$0
Steven Angle
Director
$0
Jeannie Beauchamp
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ellucian
Software Servic
$206,501
Imodules
Mgmt Software
$139,628
Marketing Communication Resource In
Printing & Publ
$186,870
Stelter Company
Management Cons
$132,107
Smg
Event Venue
$121,077
View All Vendors

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$157,873,961
Noncash contributions included in lines 1a–1f $22,110,686
Total Revenue from Contributions, Gifts, Grants & Similar$157,873,961
Total Program Service Revenue$0
Investment income $19,993,991
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 $225,358,367

Peer Organizations

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$273,342,749
The University Of Tennessee Foundat Ion Inc
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$225,358,367
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