Tennessee Higher Education Initiative Inc
Only null% goes to programs Growing revenue
Tennessee Higher Education Initiative Inc is a 501(c)(3) organization based in Nashville, Tennessee, registered in 2012, with $3,552,390 in FY2024 revenue. CharityIndex grades it B.
1006 Shelby Ave, Nashville, TN, 37206 EIN 45-4531767 Since 2012
Revenue (FY2024)
$3.6M
▲ 22.1% vs prior year
Education median: $200K
Expenses (FY2024)
$3.1M
Net assets
$1.0M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Tennessee Higher Education Initiative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +12% 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 Tennessee Higher Education Initiative Inc: 4 mo reserves · +12% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
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. Not scored for Tennessee Higher Education Initiative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Tennessee Higher Education Initiative Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1006 Shelby Ave, Nashville, TN, 37206
- City
- Nashville
- State
- Tennessee
- Category
- Education
- Subcategory
- Student Services & Aid
- Website
- …
Financial trends
Revenue grew from $384K (FY2017) to $3.6M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $24KNet assets $1.0M
Operating margin
12.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1M
Total liabilities
$24K
Net assets
$1.0M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,552,390▲22.1% | $3,110,096▲36.7% | $1,046,463▲74.1% | $1,070,427▲65.8% | 990 |
| 2023 | $2,909,903▲139% | $2,274,642▲75.2% | $601,133▲2016% | $645,594▲3630% | 990 |
| 2022 | $1,218,262▲37.6% | $1,298,455▲19.4% | -$31,376▼164% | $17,306▼71.0% | 990 |
| 2021 | $885,125▼16.8% | $1,087,772▲8.1% | $48,817▼80.6% | $59,602▼81.3% | 990 |
| 2020 | $1,064,229▲10.6% | $1,006,596▲14.2% | $251,464▲29.7% | $318,803▲55.1% | 990 |
| 2019 | $962,644▲78.7% | $881,359▲109% | $193,831▲72.2% | $205,570▲82.7% | 990 |
| 2018 | $538,807▲40.2% | $421,695▲6.0% | $112,546▲2565% | $112,546▲222% | 990 |
| 2017 | $384,215 | $397,722 | -$4,566 | $34,923 | 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.
Grants received · $1.4M total
27 grants to Tennessee Higher Education Initiative Inc totaling $1.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ascendium Education Solutions Inc | Sponsorship - she changes everything conference. 5/23/2024 grant, travel grant - dream 2024 conference grant, travel grant - horizons - the power of us grant, travel grant - council of independent colleges grant, travel grant - grantmakers for education grant, travel grant - higher education in prison grantee convening -al | 2024 | $39,700 |
| The Community Fdn of Middle Tn Inc | To combat challenges facing formerly-incarcerated tennesseans, thei fosters belonging and self-determination through peer coaching and a reentry alumni network. thei also provides access to critical support, like counseling and housing. | 2024 | $30,000 |
| Ascendium Education Solutions Inc | Thei technical assistance travel grant - national college attainment network 2023 national conference travel grant - national conference on higher education in prison | 2023 | $604,731 |
| The Community Fdn of Middle Tn Inc | For your participation in the big payback 2022 | 2022 | $7,974 |
| Ecmc Foundation | Career readiness | 2021 | $400,000 |
| The Community Fdn of Middle Tn Inc | To provide big payback 2021 giving day payment. | 2021 | $11,560 |
| The Community Fdn of Middle Tn Inc | Serving our community through student success and re-entry services for currently and formerly incarcerated individuals. | 2021 | $7,500 |
| Community Partners | Higher education in prison cohort program: provides college education resources to incarcerated inviduals | 2020 | $25,000 |
| Community Partners | Higher education in prison cohort program: provides college education resources to incarcerated inviduals | 2020 | $25,000 |
| The Community Fdn of Middle Tn Inc | Education | 2020 | $10,533 |
| Ecmc Foundation | General support | 2020 | $10,000 |
| The Community Fdn of Middle Tn Inc | Education | 2020 | $1,426 |
| The Community Fdn of Middle Tn Inc | Education | 2020 | $24 |
| Ecmc Foundation | Career readiness | 2019 | $125,000 |
| Community Partners | Higher education in prison cohort program: provides college education resources to incarcerated inviduals | 2019 | $25,000 |
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Frequently asked questions
- Is Tennessee Higher Education Initiative Inc a legitimate nonprofit?
- Yes. Tennessee Higher Education Initiative Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4531767, based in Nashville, Tennessee. Donations are tax-deductible.
- What is Tennessee Higher Education Initiative Inc's EIN?
- Tennessee Higher Education Initiative Inc's Employer Identification Number (EIN) is 45-4531767.
- How much revenue does Tennessee Higher Education Initiative Inc report?
- Tennessee Higher Education Initiative Inc reported $3,552,390 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tennessee Higher Education Initiative Inc have?
- CharityIndex grades Tennessee Higher Education Initiative Inc B, based on financial health (reserves and operating margin).
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Data for Tennessee Higher Education Initiative Inc (EIN 45-4531767) 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.