Tennessee Association Of Independent Colleges And Schools I
- Assets
- $1.9k
- Revenue
- $46.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Hermitage, TN
- Founding
- 08/1989
- Data as of
- 12/2017
- EIN
- 62-1381863
Organization Overview
Tennessee Association Of Independent Colleges And Schools I is located in Hermitage, TN. The organization was established in 1989. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, 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. Tennessee Association Of Independent Colleges And Schools I is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2017, Tennessee Association Of Independent Colleges And Schools I generated $46.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (16.6%) each year. All expenses for the organization totaled $69.8k during the year ending 12/2017. As we would expect to see with falling revenues, expenses have declined by (11.0%) per year over the past 3 years. 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
2017
Describe the Organization's Mission:
Part 3 - Line 1
TAICS IS A NON PROFIT TRADE ASSOCIATION WHOSE PURPOSE IS TO PROMOTE THE ADVANCEMENT OF CAREER EDUCATION AND TECHNICAL TRAINING IN TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDING SUPPORT FOR THE TENNESSEE PROPRIETARY BUSINESS SCHOOL ASSOCIATION. THE GROUP ADVOCATES ON BEHALF OF CAREER COLLEGES AND SCHOOLS AND THEIR STUDENTS, FACULTY AND STAFF.
THE TAICS ANNUAL CONFERENCE WAS HELD ON OCTOBER 27 2017. THE ONE DAY EVENT INCLUDED A GENERAL MEMBERSHIP, PRESIDENTS AND DIRECTORS MEETING ALONG WITH AN OPENING RECEPTION. THE MEETING ALSO INCLUDED FACULTY AND LEADERSHIP AWARDS, SCHOLARSHIP AUCTION, EXHIBITOR TRADE SHOW SCHOLARSHIP AWARDS AND BREAKOUT SESSIONS. THE SESSIONS INCLUDED: SERVICE LEARNING, RETENTION, STUDENT ENGAGEMENT, HIGHER EDUCATION UPDATES, STUDENT CAREER PLACEMENT AND UNDERSTANDING STATE EDUCATIONAL GOALS AND PROGRAMS. THERE WERE 70 INDIVIDUALS IN ATTENDANCE
PROVIDE AN ANNUAL INSPIRE HOPE SCHOLARSHIP TO STUDENTS ENROLLED FULL-TIME IN AN ELIGIBLE TAICS POSTSECONDARY INSTITUTION AND MEET OTHER GUIDELINES PROVIDED BY TAICS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Coakley Director | Trustee | 5 | $0 |
Tamela Taliento Director | Trustee | 2 | $0 |
Allison Williams Director | Trustee | 2 | $0 |
James Adcox Executive Director | Officer | 10 | $35,878 |
John Mccurdy Treasurer | Officer | 5 | $0 |
Maj Lis Nash Secretary | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $41,288 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $41,288 |
| Total Program Service Revenue | $5,117 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,200 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,878 |
| Compensation of current officers, directors, key employees. | $35,878 |
| 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 | $2,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26 |
| Fees for services: Other | $0 |
| Advertising and promotion | $271 |
| Office expenses | $536 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $69,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,941 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,941 |