Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1999.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
92 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
25 people listed on the 990; $882K paid to officers and key staff.
Lindsey Cox’s $240K as President & CEO is at the 42nd percentile of top reported officer pay among 572 $10–100M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Lindsey Cox | $240,425 | $234,450 | $138,407 | — | — |
| Katherine Reall | $198,729 | $184,359 | $178,366 | — | — |
| Eller Kelliher | $195,208 | — | — | — | — |
| Monique Capra | — | $185,430 | — | — | — |
| Van Tucker | — | — | — | $134,205 | $177,485 |
| Emily Masters | $151,523 | $144,930 | — | — | — |
| Ashley Currie | — | $133,127 | $130,141 | — | — |
| Chloe Morrison | $105,296 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Tennessee Technology Development Corporation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Accelerates economic growth in Tennessee by helping university researchers and students commercialize their technological innovations through funding, expertise, and industry connections.
Questions for Tennessee Technology Development Corporation
Your first name shows with your question. Tennessee Technology Development Corporation answers here, for everyone.
Sbir/Sttr Support Program
The organization's sbir matching fund program provides grants to selected tennessee companies who have received federal SBIR/STTR awards. The goal of the support effort is to assist tennessee companies in achieving higher than average successrates for phase I and phase ii wins and to provide funding to expedite bringing research into…
We fulfill our mission in part by providing funding and connections to seven regional entrepreneur center partners located in memphis, jackson, nashville, cookeville, chattanooga, knoxville, and the tri-cities and six statewide industry partners in industries which addvalue to the tennessee economy including advanced energy, ag tech…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $634K | $3.7M |
| InvestmentsLn 11–13 | $14.8M | $21.2M |
| Land, buildings, equipmentLn 10c | $216K | $199K |
| Total assetsLn 16 | $26.9M | $32.2M |
| LiabilitiesLn 26 | $24.1M | $28.6M |
| Net assetsLn 32 | $2.9M | $3.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $8.5M | $8.5M | ||
| Pay of current officers, directors and key staffLn 5 | $899K | $674K | $225K | |
| Other salaries and wagesLn 7 | $923K | $692K | $231K | |
| Other employee benefitsLn 9 | $310K | $233K | $78K | |
| Payroll taxesLn 10 | $130K | $97K | $32K | |
| Legal feesLn 11b | $185K | $185K | ||
| Accounting feesLn 11c | $137K | $137K | ||
| Advertising and promotionLn 12 | $220K | $220K | ||
| Office expensesLn 13 | $6K | $5K | $2K | |
| Information technologyLn 14 | $13K | $13K | ||
| OccupancyLn 16 | $25K | $25K | ||
| TravelLn 17 | $154K | $154K | ||
| Conferences, conventions and meetingsLn 19 | $37K | $37K | ||
| InterestLn 20 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $88K | $88K | ||
| Other expenses (24a–d)Ln 24 | $273K | $164K | $110K | |
| All other expensesLn 24e | $362K | $271K | $90K | |
| Total functional expensesLn 25 | $12.3M | $11.3M | $1.0M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Feb 15, 2026 | $17.6M | $17.1M | $558K | $4.2M | 990 PDF |
| FY2024 ViewingFiled with the IRS May 2, 2025 | $13.0M | $12.3M | $740K | $3.6M | 990 PDF |
| FY2023Filed with the IRS Mar 7, 2024 | $13.4M | $13.4M | $44K | $2.9M | 990 PDF |
| FY2022Filed with the IRS Jan 24, 2023 | $12.1M | $12.2M | −$83K | $2.8M | 990 PDF |
| FY2021Filed with the IRS Mar 30, 2022 | $5.2M | $4.7M | $495K | $2.9M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $13,023,314 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, no flags
Part VIII · Statement of revenue $13,023,314 across 7 lines filed
Part IX · Statement of functional expenses $12,283,617 across 17 lines filed
Part X · Balance sheet $32,224,900 assets, 16 lines filed
Part XI · Reconciliation of net assets $3,619,255 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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