Tennessee Press Association Foundation Inc
- Assets
- $1.1m
- Revenue
- $3.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 09/1976
- Data as of
- 11/2020
- EIN
- 62-6136558
Organization Overview
Tennessee Press Association Foundation Inc is located in Knoxville, TN. The organization was established in 1976. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Press Association Foundation Inc 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 11/2020, Tennessee Press Association Foundation Inc generated $3.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (47.3%) each year. All expenses for the organization totaled $30.7k during the year ending 11/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Tennessee Press Association Foundation Inc has awarded 14 individual grants totaling $168,020. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATIONAL FOUNDATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TENNESSEE PRESS ASSOCIATION FOUNDATION, INC. SPONSORS VARIOUS PROGRAMS TO PROMOTE JOURNALISM IN THE STATE OF TENNESSEE AND VARIOUS HIGH SCHOOL AND COLLEGE PROGRAMS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Parkins President | Officer | 1 | $0 |
R Michael Fishman Vice-President | Officer | 1 | $0 |
Gregg K Jones Trustee | Trustee | 1 | $0 |
David Critchlow Jr Trustee | Trustee | 1 | $0 |
Bob Atkins Trustee | Trustee | 1 | $0 |
Jack Fishman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,095 |
| Investment income | $1 |
| 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 | $3,096 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $580 |
| 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 | $103 |
| Royalties | $0 |
| Occupancy | $1,100 |
| 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 | $783 |
| All other expenses | $0 |
| Total functional expenses | $30,714 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,606 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $3,150 |
| 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 | $8,127 |
| Investments—publicly traded securities | $1,127,710 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,146,593 |
| Accounts payable and accrued expenses | $1,992 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $53,179 |
| 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 | $55,171 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,091,422 |
Grants Awarded
Over the last fiscal year, Tennessee Press Association Foundation Inc has awarded $32,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
TENNESSEE PRESS SERVICE INC PURPOSE: Training | $12,000 |
Knoxville, TN PURPOSE: General Support | $10,000 |
Nashville, TN PURPOSE: General Support | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Press Association Foundation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Chattanooga Times Free Press Foundation Chattanooga, TN PURPOSE: RESTORATION OF THE NEWSPAPER HALL OF FAME | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Association For Research And Enlightenment Inc Virginia Beach, VA | $20,084,486 | $11,379,644 |
Association Of Corporate Travel Executives Inc Bamkruptcy Alexandria, VA | $277,722 | $5,636,042 |
University Of North Carolina Press Chapel Hill, NC | $43,092,371 | $7,489,638 |
National Energy Education Development Project Inc Manassas, VA | $4,802,187 | $4,327,526 |
Life Christian Outreach Inc Columbia, MO | $987,065 | $3,533,207 |
The Sun Publishing Company Chapel Hill, NC | $3,426,472 | $3,162,673 |
University Press Of Mississippi Inc Jackson, MS | $6,089,219 | $4,042,971 |
Randall House Publications Of The National Assn Of Free Will Baptist Nashville, TN | $2,277,903 | $2,957,319 |
The Book Arts Press Inc Charlottesville, VA | $18,999,420 | $6,073,430 |
Investigative Reporters And Editors Inc Columbia, MO | $8,372,941 | $3,252,818 |
Walls Newspapers Consultants Employees Medical Plan Trust Birmingham, AL | $262,087 | $1,254,361 |
Embrace Africa Bonaire, GA | -$42,571 | $990,943 |