Nonprofit · EIN 86-3628875
GOVERNORS RURAL EDUCATION FOUNDATION
Tax-exempt (reinstated) · NASHVILLE, TN 37211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,512,934 | $12,505,536 | $7,398 | $5,344,385 | $5,250,000 | $94,385 |
| June 30, 2024 | 990 | $12,573,390 | $15,000,100 | -$2,426,710 | $86,987 | $0 | $86,987 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,500,000
- of which government grants
- $12,500,000
- Program service revenue
- $0
- Investment income
- $12,934
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $12,500,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $1,250
- Program services (functional)
- $12,500,080
- Management and general (functional)
- $5,456
Balance sheet and other
- Total assets, start of year
- $86,987
- Total assets, end of year
- $5,344,385
- Total liabilities, end of year
- $5,250,000
- Net assets, end of year
- $94,385
- Land, buildings and equipment
- $13,750
- Net assets without donor restrictions
- $94,385
- Gross receipts
- $12,512,934
- Employees
- 0
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACOB BAGGETT | DIRECTOR Trustee or director | 2 | $0 |
| KEITH CARVER | DIRECTOR Trustee or director | 2 | $0 |
| SHERRY RAY | DIRECTOR Trustee or director | 2 | $0 |
| ALEC RICHARDSON | PRESIDENT Trustee or director, Officer | 2 | $0 |
| SHARON ROBERTS | DIRECTOR Trustee or director | 2 | $0 |
| WARREN WELLS | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alec Richardson | President and Director Trustee or director, Officer | 2 | $0 |
| Keith Carver | Secretary and Director Trustee or director, Officer | 2 | $0 |
| Sharon Roberts | Director Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 250 BLACKMAN RD, NASHVILLE, TN 37211-5140
- In care of
- % ALEC RICHARDSON
- Principal officer (990 for 2024)
- ALEC RICHARDSON, 250 BLACKMAN RD, NASHVILLE, TN 37211
- Signed the 990
- SHARON ROBERTS, DIRECTOR
- Phone
- (731) 267-3183
- Website
- HTTPS://TNGREF.ORG
- Return prepared by
- WINNETT ASSOCIATES PLLC
Mission
THE ACTIVITY OF THE CORPORATION IS TO IMPROVE COLLEGE ACCESS AND COLLEGE READINESS FOR TENNESSEE STUDENTS.
Program accomplishments
- THE ORGANIZATION PROVIDED FUNDING TO OTHER 501(C)3 ORGANIZATIONS WITH DEVELOPED AND PROVEN PROGRAMS THAT WORK TO IMPROVE COLLEGE ACCESS AND COLLEGE READINESS FOR TENNESSEE STUDENTS.Expenses $12,500,080 · grants $12,500,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-3628875
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $5,344,385
- Income (IRS master file)
- $12,512,934
Revocation and reinstatement
- Exemption revoked
- November 15, 2023
- Posted by the IRS
- March 11, 2024
- Reinstated
- Effective November 15, 2023
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,512,934 | $12,505,536 | $5,344,385 | XML |
| 990 | June 2024 | $12,573,390 | $15,000,100 | $86,987 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-3628875).
Questions about GOVERNORS RURAL EDUCATION FOUNDATION
- What is the EIN of GOVERNORS RURAL EDUCATION FOUNDATION?
- The employer identification number (EIN) of GOVERNORS RURAL EDUCATION FOUNDATION is 86-3628875.
- Is GOVERNORS RURAL EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS revoked its exemption on November 15, 2023 and reinstated it effective November 15, 2023.
- Are donations to GOVERNORS RURAL EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GOVERNORS RURAL EDUCATION FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GOVERNORS RURAL EDUCATION FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GOVERNORS RURAL EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of GOVERNORS RURAL EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 names ALEC RICHARDSON.
- Who are the officers and directors of GOVERNORS RURAL EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does GOVERNORS RURAL EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,512,934, expenses of $12,505,536 and total assets of $5,344,385 at year end.
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