Form 990 for tax year 2022
Filed by TENNESSEE ARTS ACADEMY FOUNDATION.
Totals
- Total revenue
- $522,765
- Total expenses
- $389,281
- Contributions and grants received
- $459,596
- Grants paid
- $263,907
- Program service revenue
- $0
- Investment income
- $28,359
- Other revenue
- $34,810
- Total assets, end of year
- $1,075,740
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,075,740
- Program services expenses (Part IX)
- $263,907
- Management and general expenses
- $125,374
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $263,907
Program services were 67.8% 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
$14,534
-
1e · Government grants (contributions)
$100,000
-
1f · All other contributions, gifts and grants
$345,062
-
3 · Investment income
total $28,359 · related or exempt $28,359
-
8a · Fundraising events: gross income
$75,949
-
8b · Fundraising events: direct expenses
$41,139
-
8c · Net income from fundraising events
total $34,810 · unrelated business $34,810
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $218,588 · program services $218,588
-
2 · Grants to domestic individuals
total $45,319 · program services $45,319
-
5 · Compensation of officers, directors and key employees
total $10,000 · management and general $10,000
-
7 · Other salaries and wages
total $19,651 · management and general $19,651
-
11c · Fees: accounting
total $4,800 · management and general $4,800
-
11g · Fees: other
total $57,811 · management and general $57,811
-
12 · Advertising and promotion
total $1,500 · management and general $1,500
-
13 · Office expenses
total $13,055 · management and general $13,055
-
14 · Information technology
total $750 · management and general $750
-
23 · Insurance
total $4,093 · management and general $4,093
-
24a · Other expenses: BANK FEES
total $3,238 · management and general $3,238
-
24b · Other expenses: PRINTING
total $1,916 · management and general $1,916
-
24c · Other expenses: MISC
total $2,805 · management and general $2,805
-
24d · Other expenses: FOOD & TRAVEL
total $4,920 · management and general $4,920
-
24e · All other expenses
total $835 · management and general $835
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $864,821 · end of year $998,305
-
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 $339,910 · end of year $1,025,740
-
28 · Net assets with donor restrictions
beginning of year $602,346 · end of year $50,000
Mission and programs · 2022
Mission
TO PERPETUATE THE TENNESSEE ARTS ACADEMY
-
TO SUPPORT THE TENNESSEE ARTS ACADEMY TAA SCHOLARSHIPS 20,000TAA INSTRUCTION DIRECTORS & COORDINATORS & STAFF 25,319TAA GENERAL FUND 54,000TAA DORM & FACILTY RENTAL FEES 42,207
Expenses $141,526
-
TENNESSEE ARTS ACADEMY BELMONT OPERATION SUPPORT
Expenses $66,831
-
TO PAY ARTISTS AND SPEAKERS AT THIS YEARS ARTS ACADEMY
Expenses $28,050
-
TN ARTS ACADEMY FACULTY
Expenses $27,500
As filed on the 2022 return.
Listed in Part VII
-
Wayne QuallsWAYNE QUALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Joe WestJOE WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jim RienietsJIM RIENIETS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Tabor StamperTABOR STAMPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Talmage WattsTALMAGE WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Rena EllzyRENA ELLZY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ron MeersRON MEERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Madeline BridgesMADELINE BRIDGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael McBrideMICHAEL MCBRIDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Todd TresslerTODD TRESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Kami LunsfordKAMI LUNSFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Patricia HudsonPATRICIA HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Andre YavanovitchANDRE YAVANOVITCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Thane SmithTHANE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cavit CheshierCAVIT CHESHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Solie FottSOLIE FOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chuck BlackburnCHUCK BLACKBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
E Frank BluesteinE FRANK BLUESTEIN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
Joey BeckfordJOEY BECKFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Diana PoeDIANA POE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Patricia SmithPATRICIA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jim HolcombJIM HOLCOMB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Brandon HerrenbruckBRANDON HERRENBRUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Stephen ColemanSTEPHEN COLEMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1.5
-
William H Watkins JrWILLIAM H WATKINS JR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Flowerree McDonoughFLOWERREE MCDONOUGH
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Bobby J FrostBOBBY J FROST
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
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
-
$66,831
TO FUND THE TN ARTS ACADEMY ACTIVITIES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 24 January 2024
- IRS schema version
- 2022v5.0
- Source object
- 202430269349301008
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