Interesting data from their 2020 990 filing

The non-profit's aim, as stated in the filing, is “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.”.

When referring to its actions, they were outlined as: “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.”.

• The non-profit has complied with legal obligations by reporting their state of operation as TN.
• The non-profit's address in 2020 is noted in the filing as TTU BOX 5007, COOKEVILLE, TN, 38505.
• The non-profit's form for 2020 reports a total of 0 employees.
• Does not operate a hospital.
• Does not operate a school.
• Collects art.
• Does not provide credit counseling.
• Does not have foreign activities.
• Is not a donor-advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $2,949,005.
• The CEO compensation package within the organization is not established through a review and approval by a neutral party.
• The organization has 12 independent voting members.
• The organization was formed in 1977.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule J.
• The organization is required to file Schedule O.
• The organization pays $0 in salary, compensation, and benefits to its employees.
• The organization pays $26,655 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization pays grants to individuals.
• The organization has minutes of its meetings.
• The organization has fundraising events.
• The organization has grants to organizations.
• The organization's financial statements were reviewed by an accountant.