Overview
What is Tennessee Technological University Foundation?
The Tennessee Technological University Foundation is a 501(c)(3) non-profit corporation that supports Tennessee Tech by providing private gift contributions for both annual and capital purposes. It promotes the development program at the university, offers advice and assistance to the president on strategic matters, recognizes outstanding achievements, and manages private funds with restrictions. Based in Cookeville, Tennessee, the foundation's primary mission is to enhance the welfare of society and Tennessee Tech by guiding and assisting in private gift support.
Official website here: www.tntech.edu/univadv/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Tennessee Technological University Foundation has achieved a high rating of 92%, indicating strong performance in accountability and finance. This score reflects a thorough evaluation based on key indicators, particularly emphasizing the organization's fiscal responsibility and governance practices. The foundation has been recognized for having a fully independent board and excellent oversight of its financial statements, showcasing a commitment to transparency.
Strengths of the foundation include a high program expense ratio of 94.54%, which suggests that a significant portion of its resources is dedicated to its charitable programs. Additionally, the organization demonstrates solid financial health with a very low liabilities to assets ratio of 1.90% and an impressive working capital ratio of 18.90 years. These metrics imply that the foundation is well-positioned to support its mission without financial strain.
However, there are noted limitations in terms of governance policies, as the foundation is missing a whistleblower policy and a document retention and destruction policy. While these shortcomings do not overshadow the overall strong fiscal performance, they indicate areas for improvement in governance practices to enhance accountability further.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Tennessee Technological University Foundation?
92% of 935 reviewers on Facebook recommend the Tennessee Technological University Foundation. Here is a summary of their reviews:
Many individuals highlight the high quality of education provided, emphasizing how the institution supports students in achieving their goals. Users appreciate the dedication of the faculty and the resources available, which enhance the learning experience and contribute to their personal and professional development.
Overall, the sentiment surrounding the nonprofit is very positive, with numerous comments praising its commitment to student success and the opportunities it offers.
This AI summary has been generated from reviews found on Facebook.
Is Tennessee Technological University Foundation legitimate?
Tennessee Technological University Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennessee Technological University Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.tntech.edu/univadv/foundation
What is the mission statement of Tennessee Technological University Foundation?
The Tennessee Technological University Foundation serves as a non-profit organization dedicated to supporting Tennessee Tech through private gift contributions. Its primary mission is to promote the development program at the university and provide guidance on strategic issues. The foundation also recognizes and rewards outstanding achievements by faculty, staff, students, alumni, and friends of Tennessee Tech. Additionally, it administers private funds, adhering to any restrictions placed on them. The foundation's role is essential in enhancing Tennessee Tech's growth and progress.
Official website here: www.tntech.edu/univadv/foundation
Who is the CEO of Tennessee Technological University Foundation?
Dr Philip Oldham is the Co-Chair of Tennessee Technological University Foundation.
Official website here: www.tntech.edu/univadv/foundation
What is the revenue of Tennessee Technological University Foundation?
Tennessee Technological University Foundation's revenue in 2022 was $26,869,874.
Official website here: www.tntech.edu/univadv/foundation
Who are the executives of Tennessee Technological University Foundation and what are their salaries?
There 150 volunteers at Tennessee Technological University Foundation.
Here are 20 key members and their salaries:
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Official website here: www.tntech.edu/univadv/foundation
Where can I find the form 990 for Tennessee Technological University Foundation?
Tennessee Technological University Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tntech.edu/univadv/foundation
Learn more at the official website: www.tntech.edu/univadv/foundation
Mission Statement of Tennessee Technological University Foundation
The Tennessee Technological University Foundation, a non-profit 501(C)(3) corporation, plays a significant role in enhancing the welfare of society and Tennessee Tech. Established to provide guidance and assistance for Tennessee Tech's development program, this organization has a multifaceted mission.
Primarily, the Tennessee Technological University Foundation is dedicated to promoting the university and offering strategic advice to its president. By doing so, it helps shape the future direction of Tennessee Tech. In addition, the foundation recognizes and rewards outstanding achievements by faculty, staff, students, alumni, and friends of the university. It receives and administers private funds contributed to Tennessee Tech, ensuring they are managed in accordance with any given restrictions.
The Tennessee Technological University Foundation's mission extends beyond fundraising and administration. It serves as a catalyst for the university's growth and success by encouraging philanthropy and fostering a culture of giving. By providing resources and support, the foundation empowers Tennessee Tech to reach new heights and make a lasting impact on its community and beyond.
In essence, the Tennessee Technological University Foundation acts as a bridge between donors and the university, ensuring that private gifts contribute to the betterment of Tennessee Tech and its mission to provide a quality education and foster innovation. Its commitment to the university's success is unwavering, and its impact on the institution's future is undeniable.
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Impact
October, 2024
Tennessee Technological University Foundation significantly enhances the educational landscape by providing essential financial support through private gifts for scholarships and capital projects. By promoting the development of Tennessee Technological University, the Foundation plays a crucial role in advancing the university's mission and ensuring its long-term sustainability.
The Foundation not only facilitates funding that directly aids students through scholarships, fostering academic achievement and accessibility, but also works to recognize and reward outstanding contributions from faculty, staff, and alumni. This encouragement of excellence creates a thriving environment where innovation and educational pursuits can flourish.
Furthermore, by advising university leadership on strategic issues and emerging challenges, the Foundation helps steer Tennessee Tech towards a successful future. Its commitment to adhering to donor restrictions ensures that contributions are utilized effectively, maintaining transparency and fostering trust within the community. Overall, the Tennessee Technological University Foundation's impact resonates throughout Cookeville and beyond, enriching the lives of students and supporting the overall welfare of society through education.
This information is meant to be a general summary of Tennessee Technological University Foundation. 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: $3,818,660
- Gross Receipts: $32,048,194
Assets and Liabilities:
- Total Assets: $130,038,853
- Total Liabilities: $2,153,386
- Net Assets: $127,885,467
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Organization Details
Founding Year
1977
Phone
(931) 372-3311Principal Officer
Dr Philip Oldham
Main Address
UNIV ADVAN DERRYBERRY HALL, COOKEVILLE, TN, 385050001
NTEE Category
Code: B110 - Education
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