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Nonprofiteer
← TED AND DRAMA RUSSELL FAMILY FOUNDATION

Form 990 for tax year 2024

Filed by TED AND DRAMA RUSSELL FAMILY FOUNDATION.

Totals

Total revenue
$6,371,384
Total expenses
$548,073
Contributions and grants received
$0
Grants paid
$25,000
Program service revenue
$0
Investment income
$6,371,384
Other revenue
$0
Total assets, end of year
$107,535,909
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$107,535,909
Program services expenses (Part IX)
$25,000
Management and general expenses
$523,073
Fundraising expenses
$0
Program service expenses (Part III)
$25,000

Program services were 4.6% 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.

  • 3 · Investment income

    total $2,535,967 · excluded $2,535,967

  • 7a · Gross sales of assets other than inventory

    securities $36,152,049

  • 7b · Less cost or other basis and sales expenses

    securities $32,316,632

  • 7c · Gain or loss

    securities $3,835,417

  • 7d · Net gain or loss

    total $3,835,417 · excluded $3,835,417

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 11f · Fees: investment management

    total $513,073 · management and general $513,073

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,583,857 · end of year $2,982,858

  • 4 · Accounts receivable

    beginning of year $106,800 · end of year $158,895

  • 11 · Investments: publicly traded securities

    beginning of year $90,849,808 · end of year $104,394,156

  • 27 · Net assets without donor restrictions

    beginning of year $93,540,465 · end of year $107,535,909

Mission and programs · 2024

Mission

TO CARRY OUT CHARITABLE, EDUCATIONAL, AND RELIGIOUS PURPOSES OF THE SUPPORTED ORGANIZATION, EAST TENNESSEE FOUNDATION

  • PROVIDE SUPPORT TO SUPPORTED ORGANIZATION, EAST TENNESSEE FOUNDATION.

    Expenses $25,000 · Grants $25,000

As filed on the 2024 return.

Listed in Part VII

  • Jim Cogdill

    INDEPENDENT

    Total calculated
    $0
    Hours/week
    0.2

  • David R Haynes

    INDEPENDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Scott Lowe

    INDEPENDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Charles Peccolo

    INDEPENDENT

    Total calculated
    $0
    Hours/week
    0.2 + 1 related

  • Drama Russell

    FAMILY TRUST

    Total calculated
    $0
    Hours/week
    2

  • Theodore W Russell

    FAMILY TRUST

    Total calculated
    $0
    Hours/week
    2

  • Anthony Tuk

    INDEPENDENT

    Total calculated
    $0
    Hours/week
    0.2

  • Ashley Varnedoe

    FAMILY TRUST

    Total calculated
    $0
    Hours/week
    2

  • Dawn Russell Varnedoe

    CHAIR, FAM.

    Total calculated
    $0
    Hours/week
    2

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.0
Source object
202512959349301136

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