Form 990 for tax year 2024
Filed by TENNESSEE ARTS ACADEMY FOUNDATION.
Totals
- Total revenue
- $845,568
- Total expenses
- $674,472
- Contributions and grants received
- $714,721
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $49,182
- Other revenue
- $81,665
- Total assets, end of year
- $1,410,809
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,410,809
- Program services expenses (Part IX)
- $545,422
- Management and general expenses
- $129,050
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $545,422
Program services were 80.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$10,860
-
1e · Government grants (contributions)
$200,000
-
1f · All other contributions, gifts and grants
$503,861
-
3 · Investment income
total $49,182 · related or exempt $49,182
-
8a · Fundraising events: gross income
$84,580
-
8b · Fundraising events: direct expenses
$2,915
-
8c · Net income from fundraising events
total $81,665 · unrelated business $81,665
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $9,500 · management and general $9,500
-
7 · Other salaries and wages
total $150,388 · program services $150,388
-
9 · Other employee benefits
total $10,346 · program services $10,346
-
10 · Payroll taxes
total $11,140 · program services $11,140
-
11c · Fees: accounting
total $5,000 · management and general $5,000
-
11g · Fees: other
total $304,334 · program services $265,899 · management and general $38,435
-
12 · Advertising and promotion
total $2,600 · management and general $2,600
-
13 · Office expenses
total $19,635 · program services $13,917 · management and general $5,718
-
16 · Occupancy
total $104,364 · program services $81,662 · management and general $22,702
-
23 · Insurance
total $3,549 · management and general $3,549
-
24a · Other expenses: BANK FEES
total $5,842 · management and general $5,842
-
24b · Other expenses: MEDIA EXPENSES
total $16,709 · program services $12,025 · management and general $4,684
-
24c · Other expenses: MISC
total $5,391 · program services $45 · management and general $5,346
-
24d · Other expenses: FOOD AND TRAVEL
total $16,483 · management and general $16,483
-
24e · All other expenses
total $9,191 · management and general $9,191
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,162,278 · end of year $1,333,374
-
2 · Savings and temporary cash investments
beginning of year $77,435 · end of year $77,435
-
27 · Net assets without donor restrictions
beginning of year $1,189,713 · end of year $1,410,809
-
28 · Net assets with donor restrictions
beginning of year $50,000
Mission and programs · 2024
Mission
TO PERPETUATE THE TENNESSEE ARTS ACADEMY
-
TO PAY INSTITUTE & RETREAT FACULTY/ARTISTS/SPEAKERS Including Staff Taxes and Benefits
Expenses $228,824
-
TENNESSEE ARTS ACADEMY OPERATIONAL SUPPORT 52,392 Room & Board & Facility Rental for Participants 81,662
Expenses $134,054
-
TAA OFFICE STAFF ASSISTANTS/INTERNS 9,674 TAA INSTITUTE & RETREAT DIRECTORS/COORDINATORS 88,075
Expenses $97,749
-
TO SUPPORT THE TENNESSEE ARTS ACADEMY TAA SCHOLARSHIPS 20,000 TAA ARTIST & SPEAKER SPONSORSHIP SUPPORT 26,325 Printing and Office Exp 26,400 Media Exp 12,025 AWARDS 45
Expenses $84,795
As filed on the 2024 return.
Listed in Part VII
-
Frank BluesteinFRANK BLUESTEIN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Stephen ColemanSTEPHEN COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
WILLIAM H WATKINS Jr
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
Flowerree McDonoughFLOWERREE MCDONOUGH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Jim HolcombJIM HOLCOMB
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Brandon HerrenbruckBRANDON HERRENBRUCK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bud AkersBUD AKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Joey BeckfordJOEY BECKFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chuck BlackburnCHUCK BLACKBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Madeline BridgesMADELINE BRIDGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicole BrionesNICOLE BRIONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Cavit CheshierCAVIT CHESHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Rena EllzyRENA ELLZY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Solie FottSOLIE FOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Patricia HudsonPATRICIA HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Brad HurleyBRAD HURLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Kami LunsfordKAMI LUNSFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Leah LyonsLEAH LYONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Michael McBrideMICHAEL MCBRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ron MeersRON MEERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael MeiseMICHAEL MEISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Jeff MyrickJEFF MYRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Diana PoeDIANA POE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Wayne QuallsWAYNE QUALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jim RienietsJIM RIENIETS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Pat SmithPAT SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Thane SmithTHANE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Tabor StamperTABOR STAMPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Todd TresslerTODD TRESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michelle TrippMICHELLE TRIPP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Talmage WattsTALMAGE WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joe WestJOE WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Andre YovanovitchANDRE YOVANOVITCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Bobby Frost
Director
- Total calculated
- $0
- Hours/week
- 0.25
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 16 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543509349300029
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