Form 990 for tax year 2022
Filed by TENNESSEE FARMERS COOPERATIVE FOUNDATION INC.
Totals
- Total revenue
- $337,953
- Total expenses
- $52,133
- Contributions and grants received
- $337,953
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $311,790
- Total liabilities, end of year
- $25,970
- Net assets or fund balances, end of year
- $285,820
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $27,260
- Fundraising expenses
- $24,873
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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.
-
1c · Fundraising events
$168,453
-
1f · All other contributions, gifts and grants
$169,500
-
8a · Fundraising events: contributions included on line 1c
$168,453
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $300 · management and general $300
-
11g · Fees: other
total $24,597 · management and general $24,597
-
13 · Office expenses
total $2,969 · management and general $1,949 · fundraising $1,020
-
17 · Travel
total $414 · management and general $414
-
24a · Other expenses: Auction Expenses
total $23,853 · fundraising $23,853
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $311,790
-
17 · Accounts payable and accrued expenses
end of year $25,970
-
27 · Net assets without donor restrictions
end of year $285,820
Mission and programs · 2022
Mission
The mission of the TFC Foundation is to foster future generations of agricultural leaders, serve local communities, and support faith-based initiatives.
-
Accumulated funding for future educational endeavors. Funding came from auctions of donated items and contributions.
Revenue $337,953
As filed on the 2022 return.
Listed in Part VII
-
Jay Simmons
Director
- Total calculated
- $0
- Hours/week
- 1
-
Keith Fowler
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Arnette
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tommy Townsend
Director
- Total calculated
- $0
- Hours/week
- 1
-
David Bunch
Director
- Total calculated
- $0
- Hours/week
- 1
-
Phil Farmer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Shannon Huff
President
- Total calculated
- $0
- Hours/week
- 2
-
Elizabeth Foss
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Kirk Fischer
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Dawn Eaton
Executive Director
- Total calculated
- $0
- Hours/week
- 0
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
- 2022
- Filed
- 21 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342729349301424
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