Overview
What is Tnachieves?
Tnachieves is a nonprofit organization situated in Knoxville, Tennessee, specifically at PO Box 2723. Their primary mission is to administer the non-financial components of Tennessee Promise, acting as a partnering organization in 83 counties of Tennessee. Through their programs, Tennessee Promise, managed by Tnachieves, offers counseling and financial aid to students pursuing post-secondary education in Tennessee. The organization ensures that students meet the necessary requirements for receiving assistance, facilitates volunteer mentoring to boost student success, and monitors student participation in community volunteer and service roles as a condition for receiving aid. Tnachieves operates as a last-dollar scholarship and mentoring program, providing annual funding support for college tuition with the goal of increasing higher education opportunities for Tennessee students. The organization employs a total of 41 individuals.
Official website here: www.tnachieves.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Tnachieves has received a solid Three-Star rating from Charity Navigator, reflecting a commendable performance in accountability and finance, with a score of 88. The organization's program expense ratio stands at a noteworthy 91.54%, indicating that a significant portion of its expenses is directed towards its programs rather than administrative costs. Additionally, Tnachieves boasts a fully independent board, which plays a crucial role in ensuring effective governance.
Despite its strengths, Tnachieves does face some limitations in transparency and policy implementation. The organization lacks a whistleblower policy and a document retention and destruction policy, which could undermine its commitment to accountability. Furthermore, the tax form is not posted on the nonprofit's website, which may hinder accessibility for potential donors or stakeholders interested in reviewing its financial practices.
On a positive note, Tnachieves demonstrates a strong impact in its financial assistance efforts, increasing income for scholarship recipients by between $0.85 and $1.50 for every dollar spent. This highlights the organization's effectiveness in maximizing the benefits of its resources, contributing positively to the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Tnachieves legitimate?
Tnachieves is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tnachieves submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $299,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,471,851
For more financial information, click here
Official website here: www.tnachieves.org
What is the mission statement of Tnachieves?
Tnachieves, a last-dollar scholarship and mentoring program, aims to expand higher education opportunities for Tennessee students by providing financial support for college tuition alongside mentor guidance. As a partnering organization in 83 Tennessee counties, Tnachieves administers the non-financial components of Tennessee Promise. Through this program, students receive counseling and financial assistance, enabling them to attend post-secondary educational programs within Tennessee. Tnachieves ensures students meet the necessary requirements for receiving assistance, facilitates volunteer mentoring to boost student success, and monitors requirements for students to participate in community volunteer and service roles as a condition of receiving aid.
Official website here: www.tnachieves.org
Who is the CEO of Tnachieves?
Krissy Dealejandro is the Director of Tnachieves. The CEO's salary of Tnachieves is $268,911 and their total compensation is $293,411.
Official website here: www.tnachieves.org
What is the revenue of Tnachieves?
Tnachieves's revenue in 2022 was $3,495,995.
Official website here: www.tnachieves.org
Who are the executives of Tnachieves and what are their salaries?
The average compensation at Tnachieves during 2022 was $43,215. There are 41 employees and 7200 volunteers at Tnachieves.
Here are 8 key members and their salaries (Tnachieves's CEO's salary is $268,911 and their total compensation is $293,411):
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $268,911
- Related: $0
- Other: $24,500
- Compensation: $115,952
- Related: $0
- Other: $11,472
- Compensation: $101,130
- Related: $0
- Other: $9,534
Official website here: www.tnachieves.org
Where can I find the form 990 for Tnachieves?
Tnachieves's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tnachieves.org
Learn more at the official website: www.tnachieves.org
Mission Statement of Tnachieves
Tnachieves, a last-dollar scholarship and mentoring program, is dedicated to increasing higher education opportunities for Tennessee students. Its mission is to provide annual funding support for college tuition to Tennessee public high school graduates, complemented by mentoring guidance. By administering the non-financial components of Tennessee Promise as a partnering organization in 83 counties of Tennessee, Tnachieves plays a crucial role in ensuring students meet the requirements for receiving assistance. Through its programs, Tnachieves facilitates volunteer mentoring to ensure student success, monitors requirements for students to participate in community volunteer and service roles as a part of receiving assistance, and provides counseling and financial assistance to students attending post-secondary educational programs in the state of Tennessee. In essence, Tnachieves aims to empower Tennessee students with the necessary financial support and guidance to pursue higher education and succeed in their academic journeys.
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Impact
October, 2024
Tnachieves significantly impacts higher education access for Tennessee public high school graduates through its last dollar scholarship and mentoring program. By providing essential funding support for college tuition, it alleviates financial barriers that many students face. Operating in 83 counties, Tnachieves plays a crucial role in the administration of Tennessee Promise, collaborating with the Tennessee Higher Education Commission and Tennessee Student Assistance Corporation.
Through its programs, Tnachieves ensures that students receive not only financial assistance but also valuable mentoring, which is vital for fostering student success. Mentors guide students through the complexities of the post-secondary education landscape, helping them understand requirements and navigate their academic journeys. Additionally, Tnachieves emphasizes community involvement by monitoring volunteer service participation, encouraging a sense of responsibility and connection among students.
Overall, Tnachieves enhances higher education opportunities in Tennessee, making it more accessible and ensuring that students are supported both financially and academically as they pursue their educational goals.
This information is meant to be a general summary of Tnachieves. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $193
- Gross Receipts: $3,495,995
Assets and Liabilities:
- Total Assets: $1,942,276
- Total Liabilities: $132,895
- Net Assets: $1,809,381
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Organization Details
Founding Year
2010
Phone
(865) 621-9223Principal Officer
Krissy Dealejandro
Main Address
PO BOX 2723, KNOXVILLE, TN, 37901
Website
www.tnachieves.orgNTEE Category
Code: B82 - Education
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