Tennessee Press Association
- Assets
- $199.0k
- Revenue
- $318.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 05/1949
- Data as of
- 11/2020
- EIN
- 62-6043180
Organization Overview
Tennessee Press Association is located in Knoxville, TN. The organization was established in 1949. According to its NTEE Classification (H01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Medical Research and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tennessee Press Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 11/2020, Tennessee Press Association generated $318.6k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $320.8k during the year ending 11/2020. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE TENNESSEE PRESS ASSOCIATION INC (TPA) IS A TENNESSEE STATE-WIDE ORGANIZATION THAT PROMOTES JOURNALISM FOR ITS MEMBER NEWSPAPERS AND ASSISTS COLLEGES AND HIGH SCHOOLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TENNESSEE PRESS ASSOCIATION, INC. IS A STATEWIDE ORGANIZATION OF NEWSPAPERS THAT PROMOTES JOURNALISM FOR ITS MEMBER NEWSPAPERS AND PROVIDES ASSISTANCE TO COLLEGES AND HIGH SCHOOLS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Mcelroy President | OfficerTrustee | 1 | $0 |
John Finney Treasurer | Officer | 1 | $0 |
Joe Hurd President | Officer | 1 | $0 |
Daniel Richardson Vice-President | Officer | 1 | $0 |
Darrell Richardson Secretary | Officer | 1 | $0 |
Joel Washburn Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $279,456 |
| Investment income | $101 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $318,602 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $13,750 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $147,444 |
| Fees for services: Legal | $500 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $36,150 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,389 |
| Advertising and promotion | $1,384 |
| Office expenses | $9,456 |
| Information technology | $655 |
| Royalties | $0 |
| Occupancy | $10,268 |
| Travel | $753 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,802 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $231 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $320,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,896 |
| Pledges and grants receivable | $23,850 |
| Accounts receivable, net | $12,940 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,839 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,000 |
| Total assets | $198,990 |
| Accounts payable and accrued expenses | $16,012 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,012 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $182,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tennessee Press Association has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Tennessee Press Association Foundation Inc Knoxville, TN PURPOSE: General Support | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Get The Medications Right Institute Vienna, VA | $425,594 | $1,085,000 |
American Butter Institute Arlington, VA | $467,833 | $557,928 |
Tennessee Press Association Knoxville, TN | $198,990 | $318,602 |
Porcelain Enamel Institute Inc Roswell, GA | $687,430 | $283,258 |
Cancer Patient Advocate Foundation Mooresville, NC | $50,054 | $0 |
Lvh Als Foundation Winstonsalem, NC | $49,610 | $30,076 |
Cancer Biology Training Consortium Chapel Hill, NC | $127,347 | $0 |
Mississippi Sids And Infant Safety Alliance Madison, MS | $138,906 | $92,286 |
Institute For A Drug-Free Workplace Reston, VA | $138,268 | $0 |
Liu Family Health Care Foundation Inc Stone Mountain, GA | $0 | $0 |