2024-05-14T15:24:35-05:00 2023-06-30 FORVIS LLP 111 E Wayne St Suite 600 Fort Wayne IN 46802 990 2022-07-01 591777911 TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION % DR CLAIRE STINSON TENN 9313723311 UNIV ADVAN DERRYBERRY HALL COOKEVILLE TN 385050001 DR CLAIRE STINSON TREASURER 9313723311 2024-05-15 true CLAIRE STINSON 999009999 Lauren R Denton P01571860 2604604000 3 2022 2023-04-26 12:10:37Z DR PHILIP OLDHAM TTU BOX 5007 COOKEVILLE TN 38505 13499000 false X WWW.TNTECH.EDU/UNIVADV/FOUNDATION X 1977 TN CONTRIBUTE TO THE GENERAL WELFARE OF SOCIETY AND TTU AS A PUBLIC BENEFIT CORPORATION. PROVIDE PRIVATE GIFT SUPPORT FOR ANNUAL AND CAPITAL PURPOSES AND PROMOTE TTU. 20 17 0 150 754476 0 21315171 6486123 0 0 3818660 1676586 1736043 2473190 26869874 10635899 5179400 5367538 0 0 0 0 0 0 31049 2843527 3666358 8022927 9033896 18846947 1602003 130038853 138086554 2153386 2628900 127885467 135457654 X THE TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION IS A NON-PROFIT 501(C)(3) CORPORATION WHOSE PURPOSE IS TO PROVIDE GUIDANCE AND ASSISTANCE FOR A PROGRAM OF PRIVATE GIFT SUPPORT FOR TENNESSEE TECH. MORE SPECIFICALLY ITS PURPOSES ARE TO PROMOTE THE DEVELOPMENT PROGRAM AT TENNESSEE TECH; PROVIDE ADVICE, COUNSEL, AND ASSISTANCE TO THE PRESIDENT ON STRATEGIC ISSUES THAT IMPACT THE DIRECTION AND FUTURE OF THE UNIVERSITY; ENCOURAGE, RECOGNIZE, AND REWARD OUTSTANDING ACHIEVEMENTS BY FACULTY, STAFF, STUDENTS, ALUMNI, AND FRIENDS OF TENNESSEE TECH; AND RECEIVE AND ADMINISTER PRIVATE FUNDS WHICH ARE CONTRIBUTED TO TENNESSEE TECH AND IN THOSE CASES WHERE FUNDS ARE GIVEN WITH RESTRICTIONS, TO FOLLOW AND ABIDE BY THE PROVISIONS OF THE RESTRICTIONS. false false 3367088 3367088 827122 PROVIDED FUNDS FOR SCHOLARSHIPS AND SUPPORT OF TENNESSEE TECHNOLOGICAL UNIVERSITY. 3160973 MADE PURCHASES, PAID FOR TRAVEL, AND PERFORMED MAINTENANCE ON BEHALF OF TENNESSEE TECHNOLOGICAL UNIVERSITY DEPARTMENTS, PER DONOR REQUESTS. 2000450 2000450 TRANSFERRED FUNDS TO TENNESSEE TECHNOLOGICAL UNIVERSITY FOR THE SUPPORT OF VARIOUS DEPARTMENTS. 8528511 true true false false false false true true false true true true false false true false false true false false false false false false true false false true true true false false false false false false false false true true false false true true false false false true 61 0 0 true true false false false false false false false false false false false false X 20 17 false false false false false false false true true false false true true true true false false false false false TN X DR CLAIRE STINSON 9313723311 TTU PO BOX 5206 COOKEVILLE TN 38505 DR PHILIP OLDHAM CO-CHAIR 3.7 33.8 X X 0 463133 50037 DR CLAIRE STINSON TREASURER 3.7 33.8 X X 0 218751 31780 DR KEVIN BRASWELL SECRETARY 18.7 18.7 X X 0 208262 38720 CHRIS PRIVON DIRECTOR 0.5 0.0 X 0 0 0 ASHRAF ISLAM DIRECTOR 0.5 0.0 X 0 0 0 HARRY STONECIPHER DIRECTOR 0.5 0.0 X 0 0 0 OTTIS PHILLIPS VICE-CHAIR 0.5 0.0 X X 0 0 0 DAVID COOLEY DIRECTOR 0.5 0.0 X 0 0 0 DIANNE MURPHY DIRECTOR 0.5 0.0 X 0 0 0 THOMAS M HUDSON JR DIRECTOR 0.5 0.0 X 0 0 0 NATHAN TUDOR DIRECTOR 0.5 0.0 X 0 0 0 THOMAS H JONES DIRECTOR 0.5 0.0 X 0 0 0 FRED LOWERY DIRECTOR 0.5 0.0 X 0 0 0 ALLEN MCCAMPBELL DIRECTOR 0.5 0.0 X 0 0 0 JOHN W ROSE DIRECTOR 0.5 0.0 X 0 0 0 TRUDY HARPER DIRECTOR 0.5 0.0 X 0 0 0 MARY GRAVES DIRECTOR 0.5 0.0 X 0 0 0 AMY NEW DIRECTOR 0.5 0.0 X 0 0 0 ALFONZO ALEXANDER DIRECTOR 0.5 0.0 X 0 0 0 NATHAN BURTON DIRECTOR 0.5 0.0 X 0 0 0 0 890146 120537 0 false true false 0 6486123 520499 6486123 0 329064 24574 304490 0 7583 7583 647199 173272 473927 0 473927 473927 3798638 2451116 1347522 1347522 1347522 202193 238713 -36520 -36520 0 0 0 1452 0 1452 ATHLETIC SPONSORSHIPS 900099 469724 469724 GOLDEN EAGLE GOLF COURSE 713910 729902 729902 TECH FARMS 900099 493702 493702 333420 333420 2026748 10635899 827122 754476 2566726 2000450 2000450 3367088 3367088 0 0 0 0 0 0 0 0 0 0 0 186135 186135 0 0 507279 460745 42008 4526 68750 62444 5693 613 1916777 1740945 158731 17101 52132 47350 4317 465 0 0 310687 282187 25728 2772 0 320656 291241 26554 2861 0 0 235293 213709 19485 2099 68649 62352 5685 612 9033896 8528511 474336 31049 0 0 13243250 8576299 0 0 212871 129263 0 0 0 0 0 0 22188 33671 119163 50130 20073228 1023211 15478584 19050017 88455485 100568164 12375213 9590944 0 0 0 0 132099 88066 130038853 138086554 155212 180594 0 0 211172 200319 0 0 0 0 0 0 625000 500000 0 0 1162002 1747987 2153386 2628900 X 1353539 1681953 12574602 16146035 113957326 117629666 127885467 135457654 130038853 138086554 1602003 5970184 X false true X true false X 5079414 5772099 6520917 21315171 6486123 45173724 0 0 5079414 5772099 6520917 21315171 6486123 45173724 7669801 37503923 2178315 1196930 546057 597979 983846 5503127 0 1012630 1016859 1029702 801813 1327038 5188042 55864893 2146261 0.67133 0.66990 X FORM 990, SCHEDULE A, PART II, LINE 10 NET INCOME FROM FUNDRAISING EVENTS $ 0 ATHLETIC SPONSORSHIPS $ 469,724 TECH FARMS $ 493,702 OTHER REVENUE $ 363,612 TOTAL $1,290,519 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1500.00 1 false 2.00 50 110942 X X X false 77428887 2124169 8673529 2168645 1138385 84919555 85464321 3749385 -9170984 1638589 975246 77428887 64321600 2422043 21452499 1698913 1032908 85464321 62844258 1300514 2940768 1782917 981023 64321600 58293331 1340879 5394008 1466027 717933 62844258 0.07550 0.92450 false false 2903982 10691468 13595450 804559 212522 592037 631661 229261 402400 376501 193157 183344 4665057 388271 4276786 19050017 OTHER SECURITIES 9590944 F 9590944 0 DEPOSITS HELD IN CUSTODY FOR TTU 1471906 ACCRUED LIABILITIES 4764 DUE TO TTU 9801 ACCRUED INTEREST PAYABLE 1118 DEFERRED INFLOWS: SPLIT-INTEREST 88066 LEASE LIABILITIES 88822 SBITA LIABILITES 83510 1747987 15621038 5970185 238713 6208898 9412140 186135 1037624 1223759 10635899 8048850 238713 238713 7810137 186135 1037624 1223759 9033896 SCHEDULE D, PART III, LINE 4 THE COLLECTION GIVEN TO THE TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION IS A GROUP OF TUBA RELATED ARTWORK AND OTHER ITEMS. THE COLLECTION WILL ALLOW THE FOUNDATION TO CONTINUE TO SUPPORT TENNESSEE TECH UNIVERSITY BY ALLOWING VIEWING, RESEARCH, AND PRESERVATION OF THE COLLECTION TO FURTHER RESEARCH AND TUBA RELATED INTERESTS AT THE UNIVERSITY. SCHEDULE D, PART V, LINE 4 THE FOUNDATION'S ENDOWMENT PROVIDES FUNDING FOR SCHOLARSHIPS AND DEPARTMENTAL SUPPORT FOR TENNESSEE TECHNOLOGICAL UNIVERSITY. PART XI & XII LINE 2D FUNDRAISING EXPENSES $238,713 LINE 4B GOLF COURSE EXPENSE $432,722 TECH FARMS EXPENSE $604,902 TOTAL $1,037,624 GES SCRAMBLE 83366 83366 3136 9632 40357 9927 2835 BNI GOLF TOURNA 41650 41650 330 32000 4726 24449 21 77177 77177 7125 12888 43595 17690 30023 202193 202193 3136 17087 85245 58248 17690 57307 238713 -36520 true TENNESSEE TECHNOLOGICAL UNIVERSITY DERRYBERRY HALL COOKEVILLE TN 38505 620646806 STATE OF TN 2000450 SUPPORT 1 SCHOLARSHIPS 1479 3367088 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS FINANCIAL AID AWARDS ARE BASED ON VARIOUS CRITERIA AND TRACKED WITH BOARD APPROVED BUDGET. FUNDS ARE DISTRIBUTED BASED ON NEED AND MERIT. EACH STUDENT APPLIES FOR FINANCIAL AID BY FILLING OUT A FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA). THE AWARD IS BASED ON THE INFORMATION IN THIS APPLICATION. STUDENTS CAN ALSO APPLY FOR GRANTS AND SCHOLARSHIPS BASED ON ELIGIBILITY. false false false false false false false false false DR PHILIP OLDHAM CO-CHAIR 0 463086 0 0 0 47 0 32080 0 17957 0 513170 DR CLAIRE STINSON TREASURER 0 218720 0 0 0 31 0 24870 0 6910 0 250531 DR KEVIN BRASWELL SECRETARY 0 208215 0 0 0 47 0 20763 0 17957 0 246982 SCHEDULE J, LINE 3 TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION DOES NOT ENGAGE IN A COMPENSATION REVIEW PROCESS BECAUSE ALL COMPENSATION FOR CALENDAR YEAR 2022 IS PAID BY A RELATED ORGANIZATION, TENNESSEE TECHNOLOGICAL UNIVERSITY. THE PROCESS FOR DETERMINING COMPENSATION IS COMPLETED BY TENNESSEE TECHNOLOGICAL UNIVERSITY. TENNESSEE TECHNOLOGICAL UNIVERSITY'S BOARD OF DIRECTORS USES COMPARABILITY DATA, INCULDING COMPENSATION SURVEYS OR STUDIES TO DETERMINE AND PROPOSE A REASONABLE COMPENSATION AMOUNT FOR THE PRESIDENT. THE BOARD APPROVES THE PROPOSED COMPENSATION FOR THE PRESIDENT. REVIEW AND APPROVAL OF THE CEO IS DOCUMENTED IN THE BOARD MINUTES AND ALL COMPENSATION REVIEWS ARE INCLUDED IN EMPLOYEE FILES. THIS PROCESS WAS LAST UNDERTAKEN IN 2022. X 416 FAIR MARKET VALUE X 20920 FAIR MARKET VALUE X 11 98215 FAIR MARKET VALUE X 65 20043 FAIR MARKET VALUE X EQUIPMENT 1 325000 FAIR MARKET VALUE X MISCELLANEOUS 118 55905 FAIR MARKET VALUE false true false SCHEDULE M, PART I, LINE 9 SECURITIES ARE VALUED AT THE AVERAGE OF THE HIGH AND LOW STOCK PRICE ON THE DAY THE FOUNDATION TOOK OWNERSHIP. SCHEDULE M, PART I THE AMOUNTS LISTED IN PART 1, COLUMN B ARE BASED ON THE NUMBER OF CONTRIBUTORS FOR EACH TYPE OF PROPERTY CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1B DR. PHILIP OLDHAM, DR. KEVIN BRASWELL, AND DR. CLAIRE STINSON ARE CONSIDERED NON-INDEPENDENT BOARD MEMBERS DUE TO BEING PAID EMPLOYEES OF TENNESSEE TECHNOLOGICAL UNIVERSITY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 WAS SENT TO EACH BOARD MEMBER FOR REVIEW BEFORE THE BOARD'S SEMI-ANNUAL SPRING MEETING. THE FORM 990 WAS ALSO PRESENTED AND DISCUSSED AT THE SPRING BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS THAT DISCLOSES ANY PERSONAL AND BUSINESS RELATIONSHIPS. THE STATEMENTS ARE REVIEWED BY THE PRESIDENT OF THE BOARD. IF A CONFLICT EXISTS, THE INDIVIDUAL WITH THE CONFLICT WILL BE ASKED TO RECUSE HIMSELF/HERSELF FROM THE GOVERNING BODY'S DELIBERATION AND DECISIONS REGARDING THE TRANSACTION. CONTRACTS AND PAYMENTS ARE MONITORED BY THE FOUNDATION'S TREASURER AND SECRETARY TO AVOID POSSIBLE CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 THE SECRETARY HAS COPIES OF THE GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY LOCATED AT TENNESSEE TECHNOLOGICAL UNIVERSITY ALUMNI BUILDING, 705 NORTH DIXIE AVENUE COOKEVILLE, TN 38505. THESE ARE MADE AVAILABLE UPON REQUEST. THE FORM 990 IS LOCATED AT THE TREASURER'S OFFICE AT TENNESSEE TECHNOLOGICAL UNIVERSITY, HALL ROOM 209 DERRYBERRY HALL, COOKEVILLE, TN 38505. FORM 990, SCHEDULE G, PART II THE FUNDRAISERS SHOWN ON SCHEDULE G ARE EVENTS THAT ARE CONDUCTED TO HELP PROMOTE THE UNIVERSITY AND TO ESTABLISH RELATIONSHIPS WITH THE DONORS AND OTHERS AFFILIATED WITH THE UNIVERSITY, EVEN THOUGH THERE ARE NO CONTRIBUTIONS SPECIFICALLY ASSOCIATED WITH THOSE EVENTS. TECH FARMS LLC BOX 5111 COOKEVILLE TN 38505 812320168 AGRICULTURE TN 493702 7671093 TTUF TENNESSEE TECHNOLOGICAL UNIVERSITY DERRYBERRY HALL ONE WILLIAM JONES COOKEVILLE TN 38505 620646806 EDUCATION TN 115 5 NA false false true false false false false false false true true false false false true true false false false false