Tennessee State University Foundation is a 501(c)(3) organization based in Nashville, Tennessee, registered in 1971, with $12,693,369 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$12.7M
▼ 43.4% vs prior year
Education median: $200K
Expenses (FY2024)
$9.4M
Net assets
$133.8M
Employees
—
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 State University Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 State University Foundation: 171 mo reserves · +26% margin earns a B+ on this criterion. See the exact thresholds →
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 State University Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 State University Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $11.5M (FY2022) to $12.7M (FY2024) across 3 reported years.
Financial snapshot
Operating margin
25.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$134.1M
Total liabilities
$229K
Net assets
$133.8M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $12,693,369▼43.4% | $9,408,240▲18.0% | $133,835,200▲7.3% | $134,063,977▲7.1% | 990 |
| 2023 | $22,444,157▲94.4% | $7,971,499▼16.2% | $124,708,775▲14.1% | $125,232,631▲14.4% | 990 |
| 2022 | $11,546,676 | $9,511,389 | $109,343,645 | $109,497,079 | 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.
83 grants to Tennessee State University Foundation totaling $2.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Lettie Pate Whitehead Foundation Inc | For nursing and allied health scholarships. | 2024 | $140,000 |
| American Online Giving Foundation Inc | General support | 2024 | $73,654 |
| Charities Aid Foundation America | Charitable donation | 2024 | $46,363 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $5,100 |
| Lettie Pate Whitehead Foundation Inc | For allied health scholarships. | 2023 | $140,000 |
| Community Foundation of Greater Memphis Inc | General operational support | 2023 | $89,700 |
| American Online Giving Foundation Inc | General support | 2023 | $55,228 |
| Pga Tour Inc | General support | 2023 | $30,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $27,500 |
| AARP | Sponsorship of the 2023 vintagers event | 2023 | $20,000 |
| Charities Aid Foundation America | Charitable donation | 2023 | $19,025 |
| The Community Fdn of Middle Tn Inc | To support tennessee state athletics fund/tiger paws football (acct: 722515). | 2023 | $10,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $7,000 |
| Lettie Pate Whitehead Foundation Inc | For allied health scholarships. | 2022 | $120,000 |
| Charities Aid Foundation America | Charitable donation | 2022 | $42,467 |
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Data for Tennessee State University Foundation (EIN 23-7105693) 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.