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East Tennessee Foundation

Knoxville, TN · EIN 62-0807696 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

East Tennessee Foundation reported $27.7 million in revenue and $19.1 million in expenses for calendar year 2024. Of every $100 it spent, $90.87 went to program services, $5.19 to management and general costs and $3.94 to fundraising. Its largest source of revenue was contributions and grants: 50.9% of the total. The highest compensation it reported for one person was $165,915 (VP/CHIEF LEG). 4 people received more than $100,000 in reportable compensation. Revenue rose 4% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $19M

For context, the median across 1,001 covered philanthropy, voluntarism & grantmaking charities: $91.65 programs, $6.50 management, $1.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $28M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 1,001 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
90.9%90.2%
Management & general
Part IX 25(C) ÷ 25(A)
5.2%6.4%
Fundraising
Part IX 25(D) ÷ 25(A)
3.9%1.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.05$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
50.9%79.9%
Government grants share of revenue
Part VIII 1e ÷ 12
1.8%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$165,915$325,675
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.87%1.56%
People paid over $100,000
Part VII, line 2
43
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
174.856.6
Independent voting board members
Part VI 1a–1b
28 of 28100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$8.0M expenses · 45.7% of program spending · grants $8.0M

Provided assistance in the form of 863 grants from donor advised funds to 458 501(c)(3) organizations, government entities and churches to support a wide range of charitable purposes, both locally within the 25 county service area and also outside the region

$3.7M expenses · 21.4% of program spending · grants $3.7M

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

$1.9M expenses · 11.1% of program spending · grants $1.9M

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

$3.8M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
VP/CHIEF LEG
Officer, 35.00 hrs/week
$159,863$0$6,052$165,915
VP & COO
Officer, 35.00 hrs/week
$152,391$0$12,563$164,954
PRESIDENT +
Officer, 35.00 hrs/week
$158,887$0$5,485$164,372
CFO
Officer, 35.00 hrs/week
$116,160$0$14,733$130,893

4 people received more than $100,000 in reportable compensation from East Tennessee Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $637K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$28M$19M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$28M$19M90.9%$279M$165,915
2023 ⓘ$20M$26M93.5%$252M$155,139
2022 ⓘ$26M$23M92.6%$235M$246,957
2021 ⓘ$23M$23M93.4%$283M$219,874
2020 ⓘ$19M$30M94.3%$258M$208,516
2019 ⓘ$27M$21M92.8%$249M$205,259

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b28 · 28 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4Yes
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 525
  • Volunteers Part I, line 6534

Private foundation grants it received

7 private foundations reported grants to East Tennessee Foundation totaling $472K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from East Tennessee Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for East Tennessee Foundation, you can publish a response that is linked from this page.

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Questions people ask

How much of East Tennessee Foundation's spending goes to programs?

In calendar year 2024, East Tennessee Foundation reported that 90.9% of its $19.1 million in expenses went to program services, 5.2% to management and general and 3.9% to fundraising (Form 990, Part IX).

How much does East Tennessee Foundation pay its top executive?

The largest total compensation East Tennessee Foundation reported for one person in calendar year 2024 was $165,915, for the role of VP/CHIEF LEG (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does East Tennessee Foundation get its money?

Of $27.7 million in revenue in calendar year 2024, 50.9% came from contributions and grants (including 1.8% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).

Is East Tennessee Foundation a registered charity?

The IRS lists EIN 62-0807696 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523019349301817 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202423209349318367 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202343199349310809 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233199349303303 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202103169349308270 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202043209349300454 · read the filing

All filings for EIN 62-0807696: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.