Overview
What is East Tennessee Foundation?
The East Tennessee Foundation is a community foundation based in Knoxville, Tennessee, serving 25 counties. With a mission to inspire donors to enhance lives and strengthen communities, they have provided grants from donor-advised funds to over 480 charitable organizations, government entities, and churches, both within their service area and beyond. In the year 2022, they managed numerous charitable funds and granted a significant sum of 20,362,338 dollars to various charitable causes. The East Tennessee Foundation, with a team of 29 employees, strives to create lasting impacts across generations.
Official website here: www.easttennesseefoundation.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator indicates that East Tennessee Foundation is a highly credible nonprofit, earning a Four-Star out of Four Star rating based on its strong performance in accountability and finance. This rating reflects the organization's commitment to financial transparency and responsible governance.
The foundation boasts a perfect score in several key areas, including having a fully independent board and robust audit practices. Their program expense ratio is impressive at 93.48%, demonstrating a significant portion of funds directed towards their mission, while their fundraising efficiency is notably favorable at just $0.04 spent to raise a dollar.
Despite its strengths, the review data does not highlight specific programs or services, leaving a gap in understanding the direct impact of their initiatives. Overall, East Tennessee Foundation exemplifies a well-managed nonprofit with strong financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is East Tennessee Foundation legitimate?
East Tennessee Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Tennessee 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: $596,942
Professional Fundraising Fees: $0
Other Salaries and Wages: $941,430
For more financial information, click here
Official website here: www.easttennesseefoundation.org
What is the mission statement of East Tennessee Foundation?
The East Tennessee Foundation serves a mission to inspire donors and provide philanthropic leadership, aiming to make lives better and strengthen communities in enduring ways across generations. In 2022, the foundation held numerous charitable funds and granted over twenty million dollars to various charitable purposes. Through donor advised funds, they provided assistance to 482 organizations, including 501(c)(3) entities, government entities, and churches, supporting a diverse range of charitable initiatives, both locally and beyond the region.
Official website here: www.easttennesseefoundation.org
Who is the CEO of East Tennessee Foundation?
Keith Barber is the Treasurer of East Tennessee Foundation.
Official website here: www.easttennesseefoundation.org
What is the revenue of East Tennessee Foundation?
East Tennessee Foundation's revenue in 2022 was $25,934,976.
Official website here: www.easttennesseefoundation.org
Who are the executives of East Tennessee Foundation and what are their salaries?
The average compensation at East Tennessee Foundation during 2022 was $53,047. There are 29 employees and 452 volunteers at East Tennessee Foundation.
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Official website here: www.easttennesseefoundation.org
Where can I find the form 990 for East Tennessee Foundation?
East Tennessee Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.easttennesseefoundation.org
Learn more at the official website: www.easttennesseefoundation.org
Mission Statement of East Tennessee Foundation
The East Tennessee Foundation, a community foundation with a mission to inspire donors and make life better and communities stronger across generations, provided assistance through 1,047 grants from donor-advised funds in 2022. These grants, totaling 20,362,338, supported a diverse range of charitable purposes both locally within its 25 county service area and beyond. The East Tennessee Foundation acted as a philanthropic leader, channeling funds to 482 organizations, government entities, and churches to promote various charitable initiatives.
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Impact
October, 2024
East Tennessee Foundation has made a significant impact across 25 counties by inspiring philanthropy and enhancing community well-being. In 2022, it granted over $20 million to a diverse array of charitable causes, supporting 482 organizations, government entities, and churches. These grants, totaling 1,047, reflect a commitment to addressing local needs while also extending support beyond the region. By collaborating with donors and communities, the foundation fosters enduring positive change and strengthens the social fabric of the area.
This information is meant to be a general summary of East Tennessee 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: $11,229,406
- Gross Receipts: $28,517,681
Assets and Liabilities:
- Total Assets: $239,276,526
- Total Liabilities: $3,838,717
- Net Assets: $235,437,809
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Organization Details
Founding Year
1986
Phone
(865) 524-1223Principal Officer
Keith Barber
Main Address
520 W SUMMIT HILL DR SUITE 1101, KNOXVILLE, TN, 37902
NTEE Category
Code: T310 - Philanthropy
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