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← TESS MAJORS FOUNDATION

Form 990 for tax year 2024

Filed by TESS MAJORS FOUNDATION.

Totals

Total revenue
$234,478
Total expenses
$53,910
Contributions and grants received
$219,870
Grants paid
$46,700
Program service revenue
$0
Investment income
$14,608
Other revenue
$0
Total assets, end of year
$278,684
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$278,684
Program services expenses (Part IX)
$53,302
Management and general expenses
$608
Fundraising expenses
$0
Program service expenses (Part III)
$53,302

Program services were 98.9% 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.

  • 1f · All other contributions, gifts and grants

    $219,870

  • 3 · Investment income

    total $9,824 · excluded $9,824

  • 7a · Gross sales of assets other than inventory

    securities $163,519

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

    securities $158,735

  • 7c · Gain or loss

    securities $4,784

  • 7d · Net gain or loss

    total $4,784 · related or exempt $4,784

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $46,700 · program services $46,700

  • 11c · Fees: accounting

    total $450 · management and general $450

  • 13 · Office expenses

    total $28 · management and general $28

  • 24a · Other expenses: PROGRAM EXPENSE

    total $6,602 · program services $6,602

  • 24b · Other expenses: TAXES AND LICENSES

    total $130 · management and general $130

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $65,391

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $50,000

  • 4 · Accounts receivable

    beginning of year $1,080 · end of year $1,080

  • 13 · Investments: program-related

    beginning of year $96,481 · end of year $162,213

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $97,561 · end of year $278,684

Mission and programs · 2024

Mission

THE TESS MAJORS FOUNDATION (THE FOUNDATION) WILL PROVIDE OPPORTUNITIES AND ACCESS TO INDIVIDUALS, PARTICULARLY CHILDREN AND YOUNG ADULTS, WITH CURIOSITY AND PASSION IN THE AREAS OF MUSIC, THEATRE, NATURE, ENVIRONMENTALISM, LITERATURE, AND JOURNALISM, ESPECIALLY IN SMALLER COMMUNITIES WHERE ACCESS TO ENRICHMENT IN THESE AREAS IS LIMITED. THE PURPOSE OF THE FOUNDATION IS TO SUPPORT ORGANIZATIONS THAT PROVIDE PROGRAMS AND VENUES THAT FOSTER ACTIVITIES AND EDUCATION IN SMALL COMMUNITIES IN MUSIC, THEATRE, NATURE, ENVIRONMENTALISM, LITERATURE, AND JOURNALISM. THE ACTIVITIES WILL BE CONDUCTED WITHIN THE UNITED STATES, PRIMARILY FROM THE OFFICES IN NASHVILLE, TENNESSEE. DONATIONS WILL BE SOUGHT NATIONWIDE FROM THE GENERAL PUBLIC, WHICH WILL GO ENTIRELY TO THE FUNDING OF PROGRAMS AND SPACES THAT EDUCATE, DEVELOP, AND SUPPORT INDIVIDUALS WITH INTEREST IN, AND PURSUING CAREERS IN, THE ARTS, CULTURE, AND ENVIRONMENTAL SCIENCES.

Activities or mission (Part I)

THE TESS MAJORS FOUNDATION PROVIDES ACCESS TO MUSIC, THEATRE, NATURE, ENVIRONMENTALISM, LITERATURE, AND JOURNALISM.

  • THE TESS MAJORS FOUNDATION PROVIDES OPPORTUNITIES AND ACCESS TO INDIVIDUALS, PARTICULARLY CHILDREN AND YOUNG ADULTS, WITH CURIOSITY AND PASSION IN THE AREAS OF MUSIC, THEATRE, NATURE, ENVIRONMENTALISM, LITERATURE, AND JOURNALISM, ESPECIALLY IN SMALLER COMMUNITIES WHERE ACCESS TO ENRICHMENT IN THESE AREAS IS LIMITED. THE PURPOSE OF THE FOUNDATION IS TO SUPPORT ORGANIZATIONS THAT PROVIDE PROGRAMS AND VENUES THAT FOSTER ACTIVITIES AND EDUCATION IN SMALL COMMUNITIES IN MUSIC, THEATRE, NATURE, ENVIRONMENTALISM, LITERATURE, AND JOURNALISM.

    Expenses $53,302 · Grants $46,700 · Revenue $4,784

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Inman Majors

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Christy Majors

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Allen McDuffie

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

  • MUSIC RESOURCE CENTER - NATIONAL

    $16,450

    TO SUPPORT ORGANIZATIONS WHO FOSTER AND SUPPORT INDIVIDUALS SEEKING ADVANCEMENT IN THE AREAS OF ARTS, CULTURE, AND ENVIRONMENTAL SCIENCES

  • NATURE CAMP INC

    $15,250

    TO SUPPORT ORGANIZATIONS WHO FOSTER AND SUPPORT INDIVIDUALS SEEKING ADVANCEMENT IN THE AREAS OF ARTS, CULTURE, AND ENVIRONMENTAL SCIENCES

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2025
IRS schema version
2024v5.1
Source object
202501329349305445

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