Taf Rural Expansion Foundation
- Assets
- $3.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, TN
- Founding
- Data as of
- 06/2022
- EIN
- 87-1130171
Organization Overview
Taf Rural Expansion Foundation is located in Parsons, TN. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., 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. Taf Rural Expansion Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDING THE AYERS FOUNDATION SCHOLARS PROGRAM MODEL TO IMPROVE POST-SECONDARY EDUCATION OPPORTUNITIES FOR HIGH SCHOOLERS IN DISTRESSED/AT-RISK RURAL TENNESSEE COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION EXPANDED THE AYERS FOUNDATION SCHOLARS PROGRAM MODEL TO DISTRESSED AND AT-RISK COUNTIES IN AN EFFORT TO IMPROVE POST-SECONDARY EDUCATION OPPORTUNITIES FOR HIGH SCHOOL STUDENTS IN RURAL COUNTIES IN TENNESSEE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Rhodes Director | Trustee | 1 | $0 |
Lorisa Williams Director Of Employees | 0 | $0 | |
Michael Meadows Dir Of Post-Secondary Success | 0 | $0 | |
Lisa Dipasquale Director Of Accounting | 0 | $0 | |
Mary Garner Key Employee | 21 | $52,659 | |
James Ayers Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,000,000 |
| 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 | $5,000,000 |
| Total Program Service Revenue | $0 |
| 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 | $5,000,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $859,925 |
| Pension plan accruals and contributions | $13,279 |
| Other employee benefits | $101,856 |
| Payroll taxes | $79,084 |
| 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 | $159,548 |
| Advertising and promotion | $0 |
| Office expenses | $113,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $33,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,970 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $20,642 |
| All other expenses | $0 |
| Total functional expenses | $1,471,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $976,011 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,500,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $174,031 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,357 |
| 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 | $3,651,399 |
| Accounts payable and accrued expenses | $89,964 |
| 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 | $32,660 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $122,624 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $3,528,775 |
| 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 | $3,651,399 |