2025-05-15T17:12:55+00:00 2024-06-30 440160260 Forvis Mazars LLP 111 E Wayne Street Suite 600 Fort Wayne IN 46802 990 2023-07-01 591777911 Tennessee Technological University Foundation TENN 9313723311 UNIV ADVAN DERRYBERRY HALL COOKEVILLE TN 385050001 DR CLAIRE STINSON TREASURER 9313723311 2025-05-15 true true Lauren Denton P01571860 2604604000 2025-05-15 2023 2025-03-06 01:10:19Z DR PHILIP OLDHAM TTU BOX 5007 COOKEVILLE TN 38505 20949758 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. 19 16 0 150 854085 0 6486123 8365087 0 0 1676586 2930182 2473190 2474488 10635899 13769757 5367538 10445674 0 0 0 0 0 0 20629 3666358 2416049 9033896 12861723 1602003 908034 138086554 149916981 2628900 2164628 135457654 147752353 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 7244910 7244910 TRANSFERRED FUNDS TO TENNESSEE TECHNOLOGICAL UNIVERSITY FOR THE SUPPORT OF VARIOUS DEPARTMENTS. 3200764 3200764 644952 PROVIDED FUNDS FOR SCHOLARSHIPS AND SUPPORT OF TENNESSEE TECHNOLOGICAL UNIVERSITY. 2105395 MADE PURCHASES, PAID FOR TRAVEL, AND PERFORMED MAINTENANCE ON BEHALF OF TENNESSEE TECHNOLOGICAL UNIVERSITY DEPARTMENTS, PER DONOR REQUESTS. 12551069 true true 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 49 0 0 true true false false false false false false false false false false false X 19 16 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 ALFONZO ALEXANDER Vice Chair 0.5 0.0 X X 0 0 0 DR CLAIRE STINSON TREASURER 3.7 33.8 X X 0 228185 33094 DR KEVIN BRASWELL SECRETARY 18.7 18.7 X X 0 205310 40462 DR PHILIP OLDHAM CO-CHAIR 3.7 33.8 X X 0 477090 53704 M Dianne Murphy Chair 0.5 0.0 X X 0 0 0 AMY NEW Vice Chair-Elect 0.5 0.0 X 0 0 0 ASHRAF ISLAM DIRECTOR 0.5 0.0 X 0 0 0 CHRIS PRIVON DIRECTOR 0.5 0.0 X 0 0 0 DAVID COOLEY DIRECTOR 0.5 0.0 X 0 0 0 FRED LOWERY DIRECTOR 0.5 0.0 X 0 0 0 John Milne Director 0.5 0.0 X 0 0 0 JOHN W ROSE DIRECTOR 0.5 0.0 X 0 0 0 MARY GRAVES DIRECTOR 0.5 0.0 X 0 0 0 NATHAN BURTON DIRECTOR 0.5 0.0 X 0 0 0 NATHAN TUDOR DIRECTOR 0.5 0.0 X 0 0 0 Teresa Chasteen-Dunn Director 0.5 0.0 X 0 0 0 THOMAS H JONES DIRECTOR 0.5 0.0 X 0 0 0 TRUDY HARPER DIRECTOR 0.5 0.0 X 0 0 0 Zaire Mattox Student Member 0.5 0.0 X 0 0 0 0 910585 127260 0 false true false 0 8365087 2647736 8365087 0 0 0 0 0 381869 4245 377624 5855 5855 542363 154880 387483 0 387484 387484 9270672 6722359 2548313 0 2548313 2548313 372850 302762 70088 70088 1499 1499 1499 GOLDEN EAGLE GOLF COURSE 713910 849840 849840 TECH FARMS 900099 563933 563933 ATHLETIC SPONSORSHIPS 900099 514770 514770 81019 81019 0 0 2009562 13769757 644952 854085 3905633 7244910 7244910 3200764 3200764 0 0 98098 98098 124615 113188 10318 1109 60981 55389 5049 543 1169941 1062658 96871 10412 66930 60792 5542 596 333049 302508 27577 2964 311241 282700 25771 2770 218151 198147 18063 1941 33043 30013 2736 294 0 0 0 0 12861723 12551069 290025 20629 8576299 4170799 129263 85153 0 0 0 0 33671 44413 50130 40314 19710294 1070148 19050017 18640146 100568164 114509595 9590944 12382528 0 88066 44033 138086554 149916981 180594 90741 200319 144608 0 0 500000 375000 1747987 1554279 2628900 2164628 X 1681953 1637920 16146035 15736164 117629666 130378269 135457654 147752353 138086554 149916981 908034 11386665 0 X false true X true false X 5772099 6520917 21315171 6486123 8365087 48459397 0 0 5772099 6520917 21315171 6486123 8365087 48459397 2937610 45521787 1196930 546057 597979 983846 930087 4254899 0 1016859 1029702 801813 1327038 1229810 5405222 58119518 2332185 0.7832 0.6913 X 0 0 0 0 0 0 Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 1016859.0, COLUMN B - 1029702.0, COLUMN C - 801813.0, COLUMN D - 1327038.0, COLUMN E - 1229810.0, COLUMN F - 5405222.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 1500.0 0 0 0 1 false 2.0 50 110942 X X X false 84919555 1842617 11615761 2527607 1282142 94568184 77428887 2124169 8673529 2168645 1138385 84919555 85464321 3749385 -9170984 1638589 975246 77428887 64321600 2422043 21452499 1698913 1032908 85464321 62844258 1300514 2940768 1782917 981023 64321600 0.0725 0.9275 0.0 false false 2903982 10265568 13169550 804559 244003 560556 1109922 278678 831244 113046 32610 80436 4513217 514857 3998360 18640146 OTHER SECURITIES 12382528 F 12382528 DEPOSITS HELD IN CUSTODY FOR TTU 1466007 ACCRUED LIABILITIES 572 DUE TO TTU ACCRUED INTEREST PAYABLE 875 DEFERRED INFLOWS: SPLIT-INTEREST 44033 LEASE LIABILITIES 42792 SBITA LIABILITES 1554279 24895051 11386665 302762 11689427 13205624 98098 466035 564133 13769757 12600352 302762 302762 12297590 98098 466035 564133 12861723 Schedule D, Part III, Line 4 Collections of art - description of collections 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 Intended uses of endowment funds THE FOUNDATION'S ENDOWMENT PROVIDES FUNDING FOR SCHOLARSHIPS AND DEPARTMENTAL SUPPORT FOR TENNESSEE TECHNOLOGICAL UNIVERSITY. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 FUNDRAISING EXPENSES - 302762 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements GOLF COURSE EXPENSE - 433881 TECH FARMS EXPENSE - 32154 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 FUNDRAISING EXPENSES - 302762 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements GOLF COURSE EXPENSE - 433881 TECH FARMS EXPENSE - 32154 GES Scramble 92167 92167 3654 20398 44742 8240 24299 BNI Golf Tournament 29983 29983 1301 33500 3786 8139 25 250700 250700 8483 11126 16026 25513 93555 372850 372850 3654 30182 89368 28052 25513 125993 302762 70088 true Tennessee Technological University Derryberry Hall Cookeville TN 38505 620646806 State of TN 7244910 Support 1 Scholarships 1408 3200764 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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 477032 0 0 0 58 0 34698 0 19006 0 530794 0 0 DR CLAIRE STINSON TREASURER 0 228137 0 0 0 48 0 25783 0 7311 0 261279 0 0 DR KEVIN BRASWELL SECRETARY 0 205239 0 0 0 71 0 21456 0 19006 0 245772 0 0 Schedule J, Part I, Line 3 TENNESSEE TECHNOLOGICAL UNIVERSITY FOUNDATION DOES NOT ENGAGE IN A COMPENSATION REVIEW PROCESS BECAUSE ALL COMPENSATION FOR CALENDAR YEAR 2023 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 2023. X 2 188500 Market value X 266 Market value X 24684 Market value X 2 14948 Market value X 27 1888072 Market value X 60 11762 Market value X Equipment 1 184830 Market value X Miscellaneous 222 334674 Market value 0 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, 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 19 Required documents available to the public 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, Part VIII, Line 11d Other Miscellaneous Revenue - Total Revenue: 81019, Related or Exempt Function Revenue: 81019, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; 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 501296 7990872 TTUF TENNESSEE TECHNOLOGICAL UNIVERSITY DERRYBERRY HALL ONE WILLIAM J COOKEVILLE TN 38505 620646806 EDUCATION TN NA false false true false false false false false false true true false false false true true false false false false