Overview
What is Tennalspe Inc?
Tennalspe Inc, based in Brentwood, Tennessee, is a nonprofit organization dedicated to recognizing and supporting students at the University of Tennessee. Their primary mission is to fund scholarships for deserving students through various programs associated with the Sigma Phi Epsilon fraternity. They consider academic achievement, leadership activities, and campus involvement, as well as financial need, in their scholarship selection process. The organization's scholarship program aims to empower and motivate students, enabling them to pursue their academic goals and make valuable contributions to their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two Stars (73%)
Tennalspe Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization scored 73% overall, with particularly strong ratings for having a fully independent board and a solid program expense ratio of 74.34%, demonstrating effective use of funds toward its mission.
However, the nonprofit faces significant shortcomings in transparency and governance. Key policies such as conflict of interest, whistleblower, and document retention are missing, which have contributed to lower scores in the Accountability & Finance category. Additionally, the absence of a website listed on the tax form and failure to post tax forms online further limit public access to important organizational information.
While Tennalspe Inc shows commitment through strong board governance and effective program spending, enhancing transparency and policy implementation could significantly improve its rating and public trust. Addressing these areas will be crucial for the organization to build credibility and foster stronger community support.
This AI summary has been generated from information found on Charity Navigator.
Is Tennalspe Inc legitimate?
Tennalspe Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tennalspe Inc 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.
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What is the mission statement of Tennalspe Inc?
Tennalspe Inc, as stated in its mission, is committed to funding scholarships for students at the University of Tennessee. This is achieved through various programs related to the Sigma Phi Epsilon fraternity. The organization's primary goal is to recognize academic excellence, leadership potential, and active participation in campus activities among the students. Financial need is also considered as a separate factor in the scholarship selection process. Tennalspe Inc aims to provide financial assistance to deserving students, thereby contributing to their overall development and success. The organization's activities are geared towards supporting the educational pursuits of these students and fostering their personal growth.
Who is the CEO of Tennalspe Inc?
Rob Billings is the Ex-Officio of Tennalspe Inc.
What is the revenue of Tennalspe Inc?
Tennalspe Inc's revenue in 2023 was $60,766.
Who are the executives of Tennalspe Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Tennalspe Inc?
Tennalspe Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tennalspe Inc
Tennalspe Inc, a nonprofit organization, is committed to funding scholarships for students at the University of Tennessee. This mission is carried out through various programs that are connected to the Sigma Phi Epsilon fraternity. The scholarships provided by Tennalspe Inc recognize and reward students who demonstrate a strong commitment to academic excellence, leadership activities, and campus involvement. Financial need is also considered as a separate factor in the scholarship selection process. By offering these scholarships, Tennalspe Inc aims to support and empower university students, helping them achieve their educational goals and make a positive impact in their communities.
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Impact
August, 2024
Tennalspe Inc's impact lies in providing financial assistance and recognition to students at the University of Tennessee through its scholarship programs associated with the Sigma Phi Epsilon fraternity. By awarding scholarships that acknowledge academic achievement, leadership contributions, and campus involvement, with financial need also considered, Tennalspe Inc is supporting students in pursuing their education and fostering a culture of well-rounded development. This initiative not only helps individuals to access higher education but also contributes to building a community that values academic excellence, leadership, and financial inclusivity.
This information is meant to be a general summary of Tennalspe Inc. 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 2023.
- Investment Income: $51,666
- Gross Receipts: $76,346
Assets and Liabilities:
- Total Assets: $1,654,220
- Total Liabilities: $0
- Net Assets: $1,654,220
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Organization Details
Founding Year
1988
Phone
(404) 274-2983Principal Officer
Rob Billings
Main Address
920 SARATOGA DRIVE, BRENTWOOD, TN, 37207
NTEE Category
Code: B82 - Education
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