2024-03-21T09:47:01-05:00 2023-06-30 540504608 BROWN EDWARDS & COMPANY LLP 105 ARBOR DR 3RD FLOOR CHRISTIANSBURG VA 24073 990 2022-07-01 237092731 EAST TENNESSEE STATE UNIVERSITY FOUNDATION EAST 4234395884 PO BOX 70601 JOHNSON CITY TN 37614 CHRISTINA GRAHAM CFO CFO 4234395884 2024-03-15 1 CHRISTINA GRAHAM CFO 999009999 0 MARK WOOLWINE P00647446 5404433606 2024-03-14 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR BRIAN NOLAND PO BOX 70601 JOHNSON CITY TN 37614 35719644 0 X WWW.ETSU.COM X FOUNDATION 1977 TN TO PROVIDE SUPPORT FOR EAST TENNESSEE STATE UNIVERSITY (ETSU) AND ITS STUDENTS. 24 23 0 40 24092 23090 11676379 16278148 0 0 5722536 4029509 2688840 2153119 20087755 22460776 11795456 12554865 0 0 0 0 0 0 0 492268 516224 12287724 13071089 7800031 9389687 139979181 159661254 12059891 11169234 127919290 148492020 TO PROVIDE SUPPORT FOR EAST TENNESSEE STATE UNIVERSITY (ETSU) AND ITS STUDENTS. 0 0 13071089 12554865 2129027 ALL PROGRAM EXPENDITURES ARE ATTRIBUTABLE TO THE ORGANIZATION'S STATEDPURPOSE OF PROVIDING FUNDS TO EAST TENNESSEE STATE UNIVERSITY FOR THESUPPORT OF ITS EDUCATIONAL PURPOSES AND TO ETSU STUDENTS. 13071089 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 1 128 0 1 0 1 1 0 0 0 0 1 0 0 0 0 0 X 24 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X X EAST TENNESSEE STATE UNIVERSITY FOUNDATION 4234395884 PO BOX 70601 JOHNSON CITY TN 37614 DR BRIAN NOLAND UNIVERSITY PRESIDENT 1.00 40.00 X X 0 440878 0 MS PAM RITTER PRESIDENT/CEO, VP FOR UNIVERSITY ADVANCEMENT 1.00 40.00 X X 0 220011 0 MS CHRISTINA GRAHAM CFO, VP FOR BUSINESS AND FINANCE 1.00 40.00 X X 0 0 0 MR RICHARD K STOREY CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 MS RENEE BAYS LOCKHART VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 MS TRACY FLEENOR BOARD SECRETARY 1.00 X X 0 0 0 DR VIRGINIA BEIBER BOARD DIRECTOR 1.00 X 0 0 0 MR ANDY HALL BOARD DIRECTOR 1.00 X 0 0 0 MR C STEVEN KILGORE BOARD DIRECTOR 1.00 X 0 0 0 MR CLARENCE MABE BOARD DIRECTOR 1.00 X 0 0 0 MR DOUG MARTIN BOARD DIRECTOR 1.00 X 0 0 0 MR GRANT SUMMERS BOARD DIRECTOR 1.00 X 0 0 0 MR JEFF BEDARD BOARD DIRECTOR 1.00 X 0 0 0 MR JOE TRUJILLO BOARD DIRECTOR 1.00 X 0 0 0 MR JOSH GIBBONS BOARD DIRECTOR 1.00 X 0 0 0 MR MATT WILHJELM BOARD DIRECTOR 1.00 X 0 0 0 MR PETER RABER BOARD DIRECTOR 1.00 X 0 0 0 MR STEPHEN DIXON BOARD TREASURER 1.00 X 0 0 0 MR TOMMY GREER BAORD INVESTMENT COMMITTEE CHAIR 1.00 X 0 0 0 MRS MARGARET INGRAM BOARD DIRECTOR 1.00 X 0 0 0 MS JENNIFER KELLER BOARD DIRECTOR 1.00 X 0 0 0 MS KATHY MULLINS BOARD DIRECTOR 1.00 X 0 0 0 MS KIM HALL BOARD DIRECTOR 1.00 X 0 0 0 MS SANDY THOMAS BOARD DIRECTOR 1.00 X 0 0 0 DR BJ KING FORMER CFO, VP FOR BUSINESS AND FINANCE 1.00 40.00 X 0 221160 0 0 882049 0 0 0 1 0 0 257772 16020376 376649 16278148 4653187 4653187 818349 558398 259951 259951 235859 24092 12076792 12700470 -623678 -623678 -623678 OTHER OPERATING REVENUES 900099 1893168 1893168 1893168 22460776 2129027 24092 4029509 8965425 8965425 3589440 3589440 414136 414136 102088 102088 13071089 13071089 0 0 717762 930720 19561165 16714319 3411147 2231270 128946 167104 88500 10475726 823036 10000851 9652690 97229836 120011099 5495877 6507288 3433597 3358264 139979181 159661254 2748317 2326763 3350576 3209211 5960998 5633260 12059891 11169234 X 36044946 42661851 4079060 3998163 87795284 101832006 127919290 148492020 139979181 159661254 9389687 11183043 0 X X 0 1 X 1 0 X 8206430 10753957 11504314 14160488 18171316 62796505 8206430 10753957 11504314 14160488 18171316 62796505 62796505 2174363 2561836 2404168 2844434 4653187 14637988 77434493 0.81100 0.82290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 87795285 6207923 8776193 947394 101832007 98019567 2575558 -11333752 1466088 87795285 83107759 1944724 14530319 1563235 98019567 82278384 1618534 163532 952691 83107759 78894199 2117741 2235022 968578 82278384 0.11881 0.69680 0.18439 0 0 2421900 2421900 7216332 582450 6633882 696870 240586 456284 140624 140624 9652690 OTHER 20126 LEASE LIABILITY 2445315 LEASE RELATED DEFERRED INFLOWS OF RESOURCES 3167819 5633260 X 33788081 11183043 558398 11741441 22046640 414136 414136 22460776 13215351 558398 558398 12656953 414136 414136 13071089 PART X, LINE 2: ON FEBRUARY 19, 1971, THE INTERNAL REVENUE SERVICE (IRS) RULED THAT THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION EVALUATES ITS UNCERTAIN INCOME TAX POSITIONS IN ACCORDANCE WITH APPLICABLE STANDARDS, HAS EVALUATED ITS TAX POSITIONS, AND BELIEVES THAT IT HAS NONE THAT ARE UNCERTAIN. AT THE STATEMENT OF NET POSITION DATE, THE FOUNDATION'S FORM 990S FOR THE CURRENT AND THREE PRECEDING YEARS REMAINED SUBJECT TO EXAMINATION BY THE IRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNIVERSITY PLAZA RENTAL COSTS PART XII, LINE 2D - OTHER ADJUSTMENTS: UNIVERSITY PLAZA RENTAL COSTS PART V, LINE 4 - INTENDED USES FOR ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED AS DIRECTED BY EACH ENDOWMENTS MEMORANDUM OF UNDERSTANDING. GENERALLY, INVESTMENT EARNINGS OF ENDOWMENT FUNDS ARE USED TO PROVIDE SERVICES AND SCHOLARSHIPS TO OR ON BEHALF OF EAST TENNESSEE STATE UNIVERSITY, ITS FACULTY, AND ITS STUDENTS. 1 EAST TENNESSEE STATE UNIVERSITY 807 UNIVERSITY PARKWAY JOHNSON CITY TN 37614 626021046 GOV 8767178 113494 FMV USE OF BUILDING SUPPORT UNIVERSITY 1 SCHOLARSHIPS TO STUDENTS 2170 3589440 PART I, LINE 2: THE FOUNDATION PROVIDES FINANCIAL SUPPORT TO EAST TENNESSEE STATE UNIVERSITY FOR THE UNIVERSITY'S EDUCATIONAL PURPOSES. THE CLOSE RELATIONSHIP ALLOWS FOR THE TWO ORGANIZATIONS TO COMMUNICATE NEEDS AND TO MONITOR THE USE OF THE ASSISTANCE PROVIDED BY THE FOUNDATION. PART IV - ADDITIONAL INFORMATION A LIST OF RECIPIENTS IS ON FILE AT EAST TENNESSEE STATE UNIVERSITY AND IS AVAILABLE UPON REQUEST. ALL RECIPIENTS ARE SELECTED ON AN EQUAL, OBJECTIVELY DETERMINABLE BASIS. ALL STUDENTS RECEIVING SCHOLARSHIPS ARE JUDGED WORTHY BASED ON ACADEMIC, FINANCIAL NEED, AND SIMILAR STANDARDS. 0 0 0 0 0 0 0 0 0 DR BRIAN NOLAND UNIVERSITY PRESIDENT 0 440878 0 0 0 0 0 0 0 0 0 440878 0 0 DR BJ KING FORMER CFO, VP FOR BUSINESS AND FINA 0 221160 0 0 0 0 0 0 0 0 0 221160 0 0 MS PAM RITTER PRESIDENT/CEO, VP FOR UNIVERSITY ADV 0 220011 0 0 0 0 0 0 0 0 0 220011 0 0 X 1 4999 JUDGEMENT DONOR & ETSU X 1331 X 16 228222 HIGH/LOW AVERAGE X CLASSROOM SUPPLIES 6 75742 JUDGEMENT DONOR & ET X OTHER 15 49463 JUDGEMENT DONOR & ET X MUSICAL INSTRUMENTS 5 16893 JUDGEMENT DONOR & ET 0 1 1 PART I, LINE 32B: EMPLOYEES OF EAST TENNESSEE STATE UNIVERSITY SOLICIT AND PROCESS NON-CASH CONTRIBUTIONS WHICH ARE RECEIVED BY THE FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS WILL BE SENT AN ELECTRONIC COPY OF THE FORM 990 FOR REVIEW PRIOR TO THE BOARD MEETING WHERE THEY WILL APPROVE THE FORM 990 AND THE AUDITED FINANCIAL STATEMENTS CONCURRENTLY. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF DIRECTORS AND OFFICERS OF THE FOUNDATION SERVE THE PUBLIC TRUST AND HAVE A CLEAR OBLIGATION TO FULFILL THEIR RESPONSIBILITIES IN A MANNER CONSISTENT WITH THIS FACT. ALL DECISIONS OF THE BOARD AND OFFICERS ARE TO BE MADE SOLELY ON THE BASIS OF A DESIRE TO PROMOTE THE BEST INTERESTS OF THE ETSU FOUNDATION, EAST TENNESSEE STATE UNIVERSITY AND THE PUBLIC GOOD AND TRUST. THE INTEGRITY OF THE FOUNDATION AND EAST TENNESSEE STATE UNIVERSITY MUST BE PROTECTED AND ADVANCED AT ALL TIMES AND IN EVERY DECISION AND ACTION UNDERTAKEN. MEN AND WOMEN OF SUBSTANCE INEVITABLY ARE INVOLVED IN THE AFFAIRS OF OTHER INSTITUTIONS AND ORGANIZATIONS. AN EFFECTIVE BOARD CANNOT CONSIST OF INDIVIDUALS ENTIRELY FREE FROM AT LEAST PERCEIVED CONFLICTS OF INTEREST. ALTHOUGH MOST SUCH POTENTIAL CONFLICTS ARE AND WILL BE DEEMED TO BE INCONSEQUENTIAL, IT IS EACH PERSON'S SOLEMN RESPONSIBILITY TO ENSURE THAT THE BOARD IS MADE AWARE OF SITUATIONS THAT INVOLVE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT MAY BE QUESTIONABLE FOR THE ETSU FOUNDATION OR EAST TENNESSEE STATE UNIVERSITY. THUS, THE BOARD REQUIRES EACH BOARD MEMBER AND OFFICER ANNUALLY (1)TO REVIEW THIS POLICY; (2)TO DISCLOSE ANY POSSIBLE PERSONAL, FAMILIAL OR BUSINESS RELATIONSHIPS THAT REASONABLY COULD GIVE RISE TO A CONFLICT OF INTEREST INVOLVING THE ETSU FOUNDATION OR EAST TENNESSEE STATE UNIVERSITY; AND (3) TO ACKNOWLEDGE BY HIS OR HER SIGNATURE THAT HE OR SHE IS IN ACCORDANCE WITH THE LETTER AND SPIRIT OF THIS POLICY. ALL BOARD MEMBERS AND OFFICERS ARE REQUESTED TO DISCLOSE ONLY THOSE SUBSTANTIVE RELATIONSHIPS THAT THEY MAINTAIN (OR MEMBERS OF THEIR FAMILIES MAINTAIN) WITH ORGANIZATIONS THAT DO BUSINESS WITH THE FOUNDATION, EAST TENNESSEE STATE UNIVERSITY OR ANY RELATED OR AFFILIATED ORGANIZATION, OR WHICH OTHERWISE COULD BE CONSTRUED TO POTENTIALLY AFFECT THEIR INDEPENDENT, UNBIASED JUDGEMENT IN LIGHT OF THEIR DECISION-MAKING AUTHORITIES OR RESPONSIBILITIES. ANY UNCERTAINTIES AS TO THE APPROPRIATENESS OF LISTING A PARTICULAR RELATIONSHIP MAY BE RESOLVED BY CONSULTATION WITH THE PRESIDENT OF THE FOUNDATION, WHO IN TURN MAY CONSULT WITH LEGAL COUNSEL, THE EXECUTIVE COMMITTEE OR THE BOARD OF DIRECTORS IN EXECUTIVE SESSION. INFORMATION DISCLOSED OR PROVIDED BY ANY PERSON PURSUANT TO THIS POLICY SHALL BE HELD IN CONFIDENCE EXCEPT WHEN, AFTER CONSULTATION WITH THAT PERSON, THE BEST INTERESTS OF THE ESTU FOUNDATION OR EAST TENNESSEE STATE UNIVERSITY WOULD BE SERVED BY DISCLOSURE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE: HTTP://WWW.ETSU.EDU/ALUMNI/FOUNDATION FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR EAST TENNESSEE STATE UNIVERSITY 807 UNIVERSITY PARKWAY JOHNSON CITY TN 37614 626021046 EDUCATION TN N/A 0 MEDICAL EDUCATION ASSISTANCE CORPORATION PO BOX 699 MOUNTAIN HOME TN 37684 621052914 EDUCATION TN N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 EAST TENNESSEE STATE UNIVERSITY B 4991739 OTHER TRANSFERS EAST TENNESSEE STATE UNIVERSITY B 4532084 PAYMENTS TO OR ON BEHALF EAST TENNESSEE STATE UNIVERSITY R 3589440 SCHOLARSHIPS MEDICAL EDUCATION ASSISTANCE CORPORATION C 257772 CASH RECEIVED