Taf Covid Response Foundation
- Assets
- $2.4m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Parsons, TN
- Founding
- Data as of
- 06/2022
- EIN
- 87-1112699
Organization Overview
Taf Covid Response Foundation is located in Parsons, TN. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taf Covid Response Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES EMERGENCY SUPPORT THROUGH GRANTS TO LOCAL EDUCATIONAL INSTITUTIONS IN AT-RISK COUNTIES IN RURAL TENNESSEE WHICH HAVE BEEN SIGNIFICANTLY IMPACTED BY COVID-19.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDED EMERGENCY SUPPORT THROUGH GRANTS TO LOCAL EDUCATIONAL INSTITUTIONS WITHIN DISTRESSED AND AT-RISK COUNTIES IN RURAL TENNESSEE WHICH HAVE BEEN SIGNIFICANTLY IMPACTED BY COVID-19, AS WELL AS SUPPORTING AND FACILITATING THE ABILITY FOR SUCH EDUCATIONAL INSTITUTIONS TO CONTINUE TO PROVIDE EDUCATIONAL SERVICES TO STUDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Rhodes Director | Trustee | 20 | $121,446 |
Lorisa Williams Employee | 36 | $126,674 | |
Michael Meadows Dir Of Post-Secondary Success | 22 | $73,770 | |
Lisa Dipasquale Director Of Accounting | 32 | $96,612 | |
Mary Garner Key Employee | 0 | $0 | |
James Ayers Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,012,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,762 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,048,870 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $3,048,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $685,748 |
| Pension plan accruals and contributions | $19,931 |
| Other employee benefits | $48,837 |
| Payroll taxes | $52,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $425,306 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $12,601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,470 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,050,483 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $607,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,741,317 |
| Accounts receivable, net | $0 |
| 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 | $650 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,400 |
| Total assets | $2,395,142 |
| Accounts payable and accrued expenses | $40,875 |
| 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 | $2,355,880 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,396,755 |
| Net assets without donor restrictions | -$1,613 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,395,142 |