East Tennessee Foundation
91% goes to programs $5 to raise $100 Strong reserves Growing revenue
East Tennessee Foundation is a 501(c)(3) organization based in Knoxville, Tennessee, registered in 1963, with $27,657,283 in FY2024 revenue. CharityIndex grades it A, and it directs about 91% of spending to programs.
520 W Summit Hill Dr Ste 1101, Knoxville, TN, 37902 EIN 62-0807696 Since 1963
Revenue (FY2024)
$27.7M
▲ 39.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$19.1M
Net assets
$278.9M
Employees
25
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating91% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For East Tennessee Foundation: 91% to programs · $5 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating175 mo reserves · +31% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For East Tennessee Foundation: 175 mo reserves · +31% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For East Tennessee Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For East Tennessee Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Etf is a community foundation, serving 25 counties, whose mission is to provide philanthropic leadership inspiring donors to make lives better and communities stronger in enduring ways across generations.
What they do
Provided general support to 112 501(c)(3) organizations, government entities and churches in the form of 152 grants from designated organization and agency endowment funds.
Conducted competitive grantmaking programs in the field-of-interest areas of affordable housing, youth-at-risk, racial justice, women and children, health, providing 125 grants to 105 501(c)(3) organizations for worthwhile projects in the 25 county service area.
4d-1) expenses of 1,399,853, including grants of 138,900 - made 27 discretionary grants from funds and paid program-related expenses associated with the management of charitable funds and the allocation of grant funds to benefit the 25 county region. 4d-2) expenses of 954,040, including grants of 954,040 - conducted localized, competitive grantmaking programs through the foundation's affiliate and county-specific funds, allowing local advisory boards to select worthy projects and programs at the local level; 93 grants were awarded to 79 organizations for a wide variety of charitable purposes. 4d-3) expenses of 927,897, including grants of 927,897 - conducted 73 competitive scholarship programs to enable students throughout the region to obtain a post-secondary education; 206 students received scholarships and attended 54 institutions of higher learning in tennessee and throughout the nation. 4d-4) expenses of 511,253, including grants of 511,253 - funded 1 grant from the pat summitt foundation fund to the pat summitt clinic, a state- of-the art facility at utmc for the treatment of alzheimer's and other neurological diseases, 18 grants in support of caregiver trainings, adult day programs, and other alzheimer's and dementias-related purposes.
Contact & location
- Address
- 520 W Summit Hill Dr Ste 1101, Knoxville, TN, 37902
- City
- Knoxville
- State
- Tennessee
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $16.0M (FY2013) to $27.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $3.6MNet assets $278.9M
Operating margin
30.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$282.5M
Total liabilities
$3.6M
Net assets
$278.9M
Salaries & benefits
$2.0M
10% of expenses
Board members
28
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $27,657,283▲39.7% | $19,148,820▼25.3% | $278,937,145▲10.7% | $282,537,401▲10.5% | 990 |
| 2023 | $19,791,090▼23.7% | $25,626,645▲11.2% | $252,035,022▲7.0% | $255,707,303▲6.9% | 990 |
| 2022 | $25,934,976▲12.5% | $23,046,762▼1.3% | $235,437,809▼16.9% | $239,276,526▼28.3% | 990 |
| 2021 | $23,055,951▲23.8% | $23,340,516▼23.4% | $283,373,682▲9.9% | $333,652,631▲10.9% | 990 |
| 2020 | $18,630,033▼30.1% | $30,463,057▲45.4% | $257,749,831▲3.6% | $300,745,774▲5.3% | 990 |
| 2019 | $26,643,937▲16.4% | $20,949,930▼41.9% | $248,872,209▲13.5% | $285,674,128▲11.6% | 990 |
| 2018 | $22,882,589▼81.9% | $36,087,377▲0.8% | $219,354,327▼13.6% | $256,015,743▼7.2% | 990 |
| 2017 | $126,716,912▲610% | $35,783,333▲207% | $253,806,640▲63.7% | $275,839,900▲76.7% | 990 |
| 2016 | $17,859,706▼7.9% | $11,643,586▲15.4% | $155,056,348▲2.9% | $156,126,926▲2.4% | 990 |
| 2015 | $19,401,293▼40.0% | $10,091,214▼2.3% | $150,713,480▲2.0% | $152,407,871▲2.0% | 990 |
| 2014 | $32,345,012▲102% | $10,324,841▲25.2% | $147,774,728▲14.9% | $149,429,533▲14.7% | 990 |
| 2013 | $16,031,174 | $8,245,779 | $128,653,174 | $130,326,579 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Angelia Nystrom — $159,863 (0.83% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Angelia Nystrom | Vp/chief Leg | 35 | $159,863 |
| Keith Barber | President + | 35 | $158,887 |
| Katharine Killen | Vp & Coo | 35 | $152,391 |
| Melissa A Tschanz | Cfo | 35 | $116,160 |
| A David Martin | Lifetime Hon | 0.2 | — |
| Adrian Jay | Director | 0.2 | — |
| Amy Cathey | Director | 0.2 | — |
| Barrett Simonis | Director | 0.2 | — |
| David V White | Lifetime Hon | — | — |
| Denise J Dean | Director | 1 | — |
| Diondre Jackson | Director | 0.2 | — |
| Donde Plowman | Director | — | — |
| Drocella Mugorewera | Director | 0.2 | — |
| Harry Gross | Director | 0.2 | — |
| Karen Walker | Vice Chair | 1 | — |
| Kay Clayton | Director | 0.2 | — |
| Kiran Singh Sirah | Director | 0.2 | — |
| Kristopher P Yarlett | Director | 0.2 | — |
| Matt Schaefer | Director | 0.2 | — |
| Natalie L Haslam | Lifetime Hon | — | — |
Grants received · $13.0M total
89 grants to East Tennessee Foundation totaling $13.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Houston Community Foundation | Public benefit | 2024 | $145,138 |
| The Community Fdn of Middle Tn Inc | Neighbor to neighbor fund | 2024 | $100,000 |
| American Online Giving Foundation Inc | General support | 2024 | $69,094 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $65,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2024 | $51,500 |
| Impactassets Inc | General support | 2024 | $35,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $30,000 |
| Silicon Valley Community Foundation | General nonprofit support | 2024 | $25,000 |
| The Community Fdn of Middle Tn Inc | With love and support for hurricane relief efforts from senora and tyler childers and the hickman holler appalachian relief fund. | 2024 | $20,000 |
| National Christian Charitable Foundation | Medical research | 2024 | $15,750 |
| Arizona Community Foundation | This award is designated for the m/m kent c. withers donor advised fund | 2024 | $10,000 |
| Austin Community Foundation | General support | 2024 | $10,000 |
| Bny Mellon Charitable Gift Fund | To further the organization's exempt purpose | 2024 | $10,000 |
| Delta Dental of Tennessee | Donation to the general fund | 2024 | $10,000 |
| American Endowment Foundation | Philanthropy | 2024 | $10,000 |
Grants made · $14.4M in FY2024
298 grants totaling $14.4M in FY2024 — showing the 15 largest. All grants made by East Tennessee Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Niswonger Foundation | Education | $1,900,000 |
| United Way of Greater Knoxville Inc | Philanthropy | $555,522 |
| The Univ of Tennessee Knoxville | Education | $446,585 |
| Knoxville Symphony Society Inc | Arts & culture | $439,237 |
| University Health System Inc | Medical disciplines | $437,000 |
| Sunshine Services | Human services | $398,000 |
| Morgan County Trustee | Education | $327,000 |
| Donor Advised Charitable Giving | Philanthropy | $312,622 |
| Ronald Mcdonald House Charities of Knoxville Tennessee Inc | Health general | $310,432 |
| Vanguard Charitable Endowment Program | Philanthropy | $284,750 |
| Habitat For Humanity International Inc | Housing shelter | $243,394 |
| Emerald Youth Foundation | Youth development | $228,000 |
| East Tennessee Historical Society Inc | Arts & culture | $198,250 |
| Colonial Heights Umc - Kingsport | Religion spiritual | $195,400 |
| Womens Fund of East Tenenssee | Philanthropy | $182,250 |
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Frequently asked questions
- Is East Tennessee Foundation a legitimate nonprofit?
- Yes. East Tennessee Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 62-0807696, based in Knoxville, Tennessee. Donations are tax-deductible.
- What is East Tennessee Foundation's EIN?
- East Tennessee Foundation's Employer Identification Number (EIN) is 62-0807696.
- How much revenue does East Tennessee Foundation report?
- East Tennessee Foundation reported $27,657,283 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of East Tennessee Foundation's spending goes to programs?
- East Tennessee Foundation spends about 91% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does East Tennessee Foundation have?
- CharityIndex grades East Tennessee Foundation A, based on program efficiency and fundraising cost.
- How much does East Tennessee Foundation's highest-paid employee make?
- The highest reported compensation on East Tennessee Foundation's latest Form 990 is $159,863, paid to Angelia Nystrom (Vp/chief Leg).
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Data for East Tennessee Foundation (EIN 62-0807696) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.