Austin Peay State University Foundation
- Assets
- $60.7m
- Revenue
- $13.7m
- Investments
- $84.4k
- Employees
- 0
- Location
- Clarksville, TN
- Founding
- 07/1976
- Data as of
- 06/2021
- EIN
- 62-0961836
Organization Overview
Austin Peay State University Foundation is located in Clarksville, TN. The organization was established in 1976. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austin Peay State University Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Austin Peay State University Foundation generated $13.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $6.7m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES SCHOLARSHIPS, AWARDS, AND MONIES FOR OTHER APSU EDUCATIONAL PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES SCHOLARSHIPS, AWARDS, AND MONIES FOR OTHER APSU EDUCATIONAL PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Ellis Governance Chr | Officer | 0 | $0 |
Barry Kulback Vice President | Officer | 0 | $0 |
Benjamin Harmon Treasurer | Officer | 0 | $0 |
Casey Jenkins Secretary | Officer | 0 | $0 |
Thomas Bates President | Officer | 0 | $0 |
Jeannie Beauchamp Executive Comm | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,148,286 |
| Government grants | $283,237 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,918,953 |
| Noncash contributions included in lines 1a–1f | $2,651,657 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,350,476 |
| Total Program Service Revenue | $0 |
| Investment income | $566,124 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$255,180 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,661,420 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,297,806 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,935 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,679,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,860,246 |
| Savings and temporary cash investments | $88,444 |
| Pledges and grants receivable | $11,222,479 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $717,726 |
| Investments—publicly traded securities | $38,757,591 |
| Investments—other securities | $84,380 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $368 |
| Total assets | $60,731,234 |
| Accounts payable and accrued expenses | $515,080 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $515,080 |
| Net assets without donor restrictions | $1,030,225 |
| Net assets with donor restrictions | $59,185,929 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,731,234 |
Grants Recieved
Over the last fiscal year, we have identified 31 grants that Austin Peay State University Foundation has recieved totaling $975,281.
| Awarding Organization | Amount |
|---|---|
Band Foundation Wilmington, DE PURPOSE: SOUTHEASTERN GRASSLANDS INITIATIVE | $275,000 |
Tuw Finley Gracey Charitable 380-3311801 Dallas, TX PURPOSE: SCHOLARSHIPS | $148,664 |
Austin Community Foundation Austin, TX PURPOSE: UNRESTRICTED | $118,750 |
Tides Foundation San Francisco, CA PURPOSE: QUALITY EDUCATION | $79,500 |
American Endowment Foundation Hudson, OH PURPOSE: EDUCATIONAL | $52,400 |
Dorothy Cate And Thomas F Frist Foundation Nashville, TN PURPOSE: SOUTHEASTERN GRASSLANDS INITIATIVES FUND | $50,000 |
Endowment Analysis
| Beg. Balance | $31,063,597 |
| Earnings | $7,216,857 |
| Net Contributions | $2,476,026 |
| Other Expense | $858,368 |
| Ending Balance | $39,898,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Crown College Powell, TN | $16,563,165 | $8,650,181 |
University Of Central Arkansas Foundation Inc Conway, AR | $76,302,395 | $12,983,167 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Appalachian College Of Pharmacy Oakwood, VA | $36,195,397 | $7,728,362 |
Austin Peay State University Foundation Clarksville, TN | $60,731,234 | $13,661,420 |
University Of Tennessee Research Foundation Knoxville, TN | $82,756,683 | $8,787,700 |
School Of Media And Journalism Foundation Of North Carolina Inc Chapel Hill, NC | $50,008,414 | $6,859,944 |
Calvary University Kansas City, MO | $12,316,825 | $1,875,961 |
Virginia Commonwealth University Real Estate Foundation Richmond, VA | $95,872,198 | $7,982,693 |
Western Carolina University Foundation Cullowhee, NC | $76,335,154 | $7,286,676 |