Form 990 for tax year 2023
Filed by TENNESSEE ARTS ACADEMY FOUNDATION.
Totals
- Total revenue
- $745,853
- Total expenses
- $581,880
- Contributions and grants received
- $654,415
- Grants paid
- $367,888
- Program service revenue
- $0
- Investment income
- $52,810
- Other revenue
- $38,628
- Total assets, end of year
- $1,239,713
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,239,713
- Program services expenses (Part IX)
- $367,888
- Management and general expenses
- $213,992
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $367,888
Program services were 63.2% 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
$11,360
-
1e · Government grants (contributions)
$200,000
-
1f · All other contributions, gifts and grants
$443,055
-
3 · Investment income
total $52,810 · related or exempt $52,810
-
8a · Fundraising events: gross income
$86,128
-
8b · Fundraising events: direct expenses
$47,500
-
8c · Net income from fundraising events
total $38,628 · unrelated business $38,628
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $318,638 · program services $318,638
-
2 · Grants to domestic individuals
total $49,250 · program services $49,250
-
5 · Compensation of officers, directors and key employees
total $40,500 · management and general $40,500
-
7 · Other salaries and wages
total $22,687 · management and general $22,687
-
11c · Fees: accounting
total $4,760 · management and general $4,760
-
11g · Fees: other
total $89,655 · management and general $89,655
-
12 · Advertising and promotion
total $1,500 · management and general $1,500
-
16 · Occupancy
total $26,020 · management and general $26,020
-
23 · Insurance
total $3,026 · management and general $3,026
-
24a · Other expenses: BANK FEES
total $2,843 · management and general $2,843
-
24b · Other expenses: MEDIA EXPENSES
total $11,753 · management and general $11,753
-
24c · Other expenses: MISC
total $3,907 · management and general $3,907
-
24d · Other expenses: FOOD & TRAVEL
total $5,678 · management and general $5,678
-
24e · All other expenses
total $1,663 · management and general $1,663
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $998,305 · end of year $1,162,278
-
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 $1,025,740 · end of year $1,189,713
-
28 · Net assets with donor restrictions
beginning of year $50,000 · end of year $50,000
Mission and programs · 2023
Mission
TO PERPETUATE THE TENNESSEE ARTS ACADEMY
-
TO SUPPORT THE TENNESSEE ARTS ACADEMY TAA SCHOLARSHIPS 20,000TAA INSTRUCTION DIRECTORS & COORDINATORS & STAFF 29,250TAA GENERAL FUND 75,000TAA DORM & FACILTY RENTAL FEES 70,542
Expenses $194,792
-
TENNESSEE ARTS ACADEMY OPERATIONAL SUPPORT
Expenses $80,746
-
TN ARTS ACADEMY FACULTY
Expenses $50,750
-
TO PAY ARTISTS AND SPEAKERS AT THIS YEARS ARTS ACADEMY
Expenses $41,600
As filed on the 2023 return.
Listed in Part VII
-
Jim RienietsJIM RIENIETS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Ron MeersRON MEERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Kami LunsfordKAMI LUNSFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Joe WestJOE WEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Talmage WattsTALMAGE WATTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Rena EllzyRENA ELLZY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Wayne QuallsWAYNE QUALLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Patricia HudsonPATRICIA HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bud AkersBUD AKERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael MeiseMICHAEL MEISE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Jeff MyrickJEFF MYRICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Todd TresslerTODD TRESSLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Andre YavanovitchANDRE YAVANOVITCH
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
-
Cavit CheshierCAVIT CHESHIER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Solie FottSOLIE FOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Brandon HerrenbruckBRANDON HERRENBRUCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
E Frank BluesteinE FRANK BLUESTEIN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 30
-
Joey BeckfordJOEY BECKFORD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Chuck BlackburnCHUCK BLACKBURN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Patricia SmithPATRICIA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Thane SmithTHANE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tabor StamperTABOR STAMPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim HolcombJIM HOLCOMB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.38
-
Diana PoeDIANA POE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
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
-
$80,746
TO FUND THE TN ARTS ACADEMY ACTIVITIES
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 23 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433589349301068
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