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Nonprofiteer
← TED AND DRAMA RUSSELL FAMILY FOUNDATION

Form 990 for tax year 2023

Filed by TED AND DRAMA RUSSELL FAMILY FOUNDATION.

Totals

Total revenue
$4,226,888
Total expenses
$4,252,155
Contributions and grants received
$0
Grants paid
$3,908,900
Program service revenue
$0
Investment income
$4,226,888
Other revenue
$0
Total assets, end of year
$93,540,465
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$93,540,465
Program services expenses (Part IX)
$3,908,900
Management and general expenses
$343,255
Fundraising expenses
$0
Program service expenses (Part III)
$3,908,900

Program services were 91.9% 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.

  • 3 · Investment income

    total $2,286,317 · excluded $2,286,317

  • 7a · Gross sales of assets other than inventory

    securities $25,791,733

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

    securities $23,851,162

  • 7c · Gain or loss

    securities $1,940,571

  • 7d · Net gain or loss

    total $1,940,571 · excluded $1,940,571

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,908,900 · program services $3,908,900

  • 11c · Fees: accounting

    total $5,050 · management and general $5,050

  • 11f · Fees: investment management

    total $338,120 · management and general $338,120

  • 19 · Conferences, conventions and meetings

    total $85 · management and general $85

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,883,664 · end of year $2,583,857

  • 4 · Accounts receivable

    beginning of year $90,400 · end of year $106,800

  • 11 · Investments: publicly traded securities

    beginning of year $83,627,068 · end of year $90,849,808

  • 27 · Net assets without donor restrictions

    beginning of year $85,601,132 · end of year $93,540,465

Mission and programs · 2023

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

  • PROVIDE SUPPORT TO 2 INSTITUTIONS OF HIGHER EDUCATION, CARSON NEWMAN UNIVERSITY AND TENNESSEE WESLEYAN UNIVERSITY.

    Expenses $2,833,900 · Grants $2,833,900

  • PROVIDED SUPPORT TO 2 YOUTH ORGANIZATIONS (EMERALD YOUTH FOUNDATION AND YOUTH YOKE MINISTRIES) AND 2 GRANTS TO FOOD INSECURITY ORGANIZATIONS.

    Expenses $1,050,000 · Grants $1,050,000

As filed on the 2023 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
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202443209349304074

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