Nonprofit · EIN 87-1130171
TAF RURAL EXPANSION FOUNDATION
Tax-exempt · PARSONS, TN 38363
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $13,010,588 | $9,765,649 | $3,244,939 | $15,361,786 | $863,113 | $14,498,673 |
| June 30, 2024 | 990 | $12,871,631 | $6,983,259 | $5,888,372 | $11,573,506 | $319,772 | $11,253,734 |
| June 30, 2023 | 990 | $5,003,540 | $3,166,952 | $1,836,588 | $5,634,818 | $269,455 | $5,365,363 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $12,496,925
- of which government grants
- $12,496,925
- Program service revenue
- $0
- Investment income
- $513,663
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $6,714,238
- Salaries, compensation and benefits (total)
- $8,067,922
- Professional fundraising fees
- $0
- Legal fees
- $16,775
- Accounting fees
- $42,366
- Occupancy
- $115,964
- Travel
- $243,084
- Program services (functional)
- $7,751,777
- Management and general (functional)
- $2,013,872
Balance sheet and other
- Total assets, start of year
- $11,573,506
- Total assets, end of year
- $15,361,786
- Total liabilities, end of year
- $863,113
- Net assets, end of year
- $14,498,673
- Net assets without donor restrictions
- $884,932
- Net assets with donor restrictions
- $13,613,741
- Gross receipts
- $13,010,588
- Employees
- 0
- Volunteers
- 3
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR BURTON WILLIAMS | BOARD SECRETARY & CEO Trustee or director, Officer | 34 | $0 | $379,558 | $31,497 |
| SHANNON HAYNES | CHIEF PROSPERITY OFFICER Officer | 1 | $0 | $211,798 | $24,767 |
| BLAKE DILL | CHIEF OPERATING OFFICER Officer | 34 | $0 | $205,101 | $18,275 |
| MICHAEL MEADOWS | DIR OF FINANCIAL AID Highest-paid employee | 34 | $0 | $196,476 | $9,282 |
| LORISA WILLIAMS | ORG. EFFECTIVENESS ADVISOR Trustee or director, Officer | 36 | $0 | $179,800 | $13,317 |
| JESSE TURNER | DIRECTOR OF IT & BUS SOLUTIONS Highest-paid employee | 34 | $0 | $144,046 | $16,994 |
| ANGELA MARSHALL | DIR OF STRATEGIC INITIATIVES Highest-paid employee | 34 | $0 | $134,036 | $19,206 |
| MARCIA RHODES | DIRECTOR OF ACCOUNTING Highest-paid employee | 34 | $0 | $127,593 | $15,398 |
| JAMES TROY GRANT | CHIEF SCHOLARS OFF. UNTIL 9/3 Officer | 34 | $0 | $124,495 | $15,018 |
| EMILY CHADWICK | DIRECTOR OF HR Highest-paid employee | 34 | $0 | $130,778 | $6,244 |
| JAMES AYERS | Chairman until 4/1/2025 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET AYERS | President Trustee or director, Officer | 5 | $0 | $0 | $0 |
| LEE ANN INGRAM | BOARD MEMBER 6/4-6/30/2025 Trustee or director | 1 | $0 | $0 | $0 |
| SHAWN KIMBLE | CHIEF SCHOLARS OFF. 4/14-6/30 Officer | 34 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR BURTON WILLIAMS | BOARD SECRETARY & CEO Trustee or director, Officer | 34 | $0 | $267,708 | $24,192 |
| MICHAEL MEADOWS | DIR OF POST-SECONDARY SUCCESS Highest-paid employee | 34 | $0 | $166,863 | $9,664 |
| LORISA WILLIAMS | ORG. EFFECTIVENESS ADVISOR Trustee or director, Officer | 24 | $0 | $156,602 | $13,620 |
| BLAKE DILL | COO Officer | 34 | $0 | $146,841 | $16,396 |
| JAMES TROY GRANT | CHIEF SCHOLARS OFFICER Officer | 34 | $0 | $150,128 | $12,639 |
| ANGELA MARSHALL | SR. DIRECTOR OF EXP. AND DEV. Highest-paid employee | 34 | $0 | $124,358 | $18,204 |
| JESSE TURNER | DIRECTOR OF IT & BUS. SOLUTION Highest-paid employee | 34 | $0 | $120,296 | $15,379 |
| SHANNON HAYNES | CHIEF PROSPERITY OFFICER Officer | 1 | $0 | $114,410 | $11,964 |
| MARCIA RHODES | DIRECTOR OF ACCOUNTING Highest-paid employee | 34 | $0 | $105,710 | $16,235 |
| EMILY CHADWICK | DIRECTOR OF HR Highest-paid employee | 34 | $0 | $113,809 | $7,736 |
| JAMES AYERS | Chairman Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET AYERS | President Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| LORISA WILLIAMS | ORGANIZATIONAL ADVISOR Highest-paid employee | 32 | $186,318 | $54,062 | $4,613 |
| MICHAEL MEADOWS | DIR OF POST-SECONDARY SUCCESS Highest-paid employee | 22 | $82,110 | $73,931 | $1,126 |
| SUSAN RHODES | DIRECTOR Trustee or director | 32 | $122,632 | $30,658 | $3,797 |
| LISA DIPASQUALE | DIRECTOR OF ACCOUNTING Highest-paid employee | 24 | $74,590 | $49,727 | $3,292 |
| EMILY CHADWICK | DIRECTOR OF HR Highest-paid employee | 32 | $75,790 | $24,843 | $0 |
| JAMES AYERS | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANET AYERS | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 756, PARSONS, TN 38363-0756
- In care of
- % THE ORGANIZATION
- Principal officer (990 for 2024)
- JANET AYERS, PO Box 756, Parsons, TN 38363
- Signed the 990
- JANET AYERS, PRESIDENT
- Phone
- (731) 847-0632
- Return prepared by
- BDO USA
Mission
EXPANDING THE AYERS FOUNDATION SCHOLARS PROGRAM MODEL TO IMPROVE POST-SECONDARY EDUCATION OPPORTUNITIES FOR HIGH SCHOOLERS IN DISTRESSED/AT-RISK RURAL TENNESSEE COUNTIES.
Program accomplishments
- The Foundation expanded the Ayers Foundation Scholars Program Model to distressed and at-risk counties in an effort to improve post-secondary education opportunities for high school students in rural counties in Tennessee. Also, funds will be utilized to purchase and operate one or more facilities or the making of grants to organizations and performance of services by the Foundation to promote economic development activities in rural Tennessee counties; including, the acceleration of encouraging the relocation and development of business and enhanced services in rural Tennessee.Expenses $7,751,777
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
- 87-1130171
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $15,361,786
- Income (IRS master file)
- $13,010,588
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $13,010,588 | $9,765,649 | $15,361,786 | IRS |
| 990 | June 2024 | $12,871,631 | $6,983,259 | $11,573,506 | IRS |
| 990 | June 2023 | $5,003,540 | $3,166,952 | $5,634,818 | XML |
| 990 | June 2022 | $5,000,000 | $1,471,225 | $3,651,399 | IRS |
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 87-1130171).
Questions about TAF RURAL EXPANSION FOUNDATION
- What is the EIN of TAF RURAL EXPANSION FOUNDATION?
- The employer identification number (EIN) of TAF RURAL EXPANSION FOUNDATION is 87-1130171.
- Is TAF RURAL EXPANSION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to TAF RURAL EXPANSION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TAF RURAL EXPANSION 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 TAF RURAL EXPANSION 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 TAF RURAL EXPANSION 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 TAF RURAL EXPANSION FOUNDATION?
- The 990 for the year ended June 30, 2025 names JANET AYERS.
- Who are the officers and directors of TAF RURAL EXPANSION FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does TAF RURAL EXPANSION FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $13,010,588, expenses of $9,765,649 and total assets of $15,361,786 at year end.
Other nonprofits in PARSONS
- AYERS FOUNDATION TRUST EIN 88-2961915 · last filed 990-PF for 2025
- PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION EIN 27-0456021 · last filed 990 for 2026
- DECATUR COUNTY EDUCATION FOUNDATION INC EIN 62-1746819 · last filed 990-EZ for 2025
- EMMA ELIZABETH CRUSE FOUNDATION EIN 87-1304353 · last filed 990-N for 2025
- DECATUR COUNTY CHAMBER OF COMMERCE INC EIN 62-1417728 · last filed 990 for 2025
- ANGEL EMMS INC EIN 46-1827699 · last filed 990-EZ for 2025
- DECATUR COUNTY-ST JUDE WORLDS LARGEST COON HUNT INC EIN 62-1215093 · last filed 990 for 2024
- DECATUR COUNTY RESCUE SQUAD EIN 62-1281200 · last filed 990-EZ for 2024