AYERS FOUNDATION: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- AYERS FOUNDATION (EIN 62-1773033)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202423209349101017
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- All Oth Prog Rltd Investments Sch
- Depreciation Schedule
- Legal Fees Schedule
- Other Assets Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Liabilities Schedule
- Other Notes Loans Rcvbl Long Sch
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T07:28:55-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BDO USA | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6410 POPLAR AVE STE 750 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38119 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 621773033 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Ayers Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of | % THE ORGANIZATION | InCareOfNm |
| Business Name Control | AYER | BusinessNameControlTxt |
| Phone | 7318474962 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO Box 756 | AddressLine1Txt |
| City | Parsons | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38363 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JAMES W AYERS | PersonNm |
| Person Title | CHAIRMAN | PersonTitleTxt |
| Phone | 7318474970 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Betsy F Gilliland | PreparerPersonNm |
| PTIN | P02168398 | PTIN |
| Phone | 9016807600 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $9,716,792 | FMVAssetsEOYAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $97,879 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $36,609 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $36,609 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $36,609 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $11,291 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $11,291 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $11,291 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$52 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $414,326 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $1,005 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $1,005 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $146,732 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $48,905 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $47,900 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $1,370,234 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $1,370,234 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $164,404 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $164,404 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $35,381 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $35,381 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $38,800 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Dsbrs Chrtbl | $38,800 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $104,978 | TaxesRevAndExpnssAmt |
| Taxes Dsbrs Chrtbl | $104,978 | TaxesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $229,532 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $6,290 | OccupancyRevAndExpnssAmt |
| Occupancy Dsbrs Chrtbl | $6,290 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $6,052 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $6,052 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $366,683 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $1,068 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $1,068 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $365,615 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $2,322,354 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $1,068 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $1,068 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,091,754 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $311,291 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $311,291 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,633,645 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $1,068 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $1,068 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,403,045 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,486,913 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $47,837 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $46,832 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $3,742,892 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $637,739 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $637,739 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl | $1,617 | AcctRcvblAmt |
| Acct Rcvbl BOY | $950 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $1,617 | AcctRcvblEOYAmt |
| Acct Rcvbl EOYFMV | $1,617 | AcctRcvblEOYFMVAmt |
| Grants Receivable BOY | $74,843 | GrantsReceivableBOYAmt |
| Grants Receivable EOY | $55,987 | GrantsReceivableEOYAmt |
| Grants Receivable EOYFMV | $55,987 | GrantsReceivableEOYFMVAmt |
| Other Nts And Loans Rcvbl | $3,232,718 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $2,214,045 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $3,232,718 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $3,232,718 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $6,676,443 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $887,712 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $5,913,901 | LandBOYAmt |
| Land EOY | $5,788,731 | LandEOYAmt |
| Land EOYFMV | $5,788,731 | LandEOYFMVAmt |
| Other Assets BOY | $278,952 | OtherAssetsBOYAmt |
| Other Assets EOY | $0 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $0 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $12,225,583 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,716,792 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $9,716,792 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $0 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $480 | AccountsPayableEOYAmt |
| Grants Payable BOY | $74,843 | GrantsPayableBOYAmt |
| Grants Payable EOY | $39,291 | GrantsPayableEOYAmt |
| Other Liabilities BOY | $0 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $1,938 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $74,843 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $41,709 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Retained Earning BOY | $12,150,740 | RetainedEarningBOYAmt |
| Retained Earning EOY | $9,675,083 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $12,150,740 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $9,675,083 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $12,225,583 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $9,716,792 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $12,150,740 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,486,913 | ExcessRevenueOverExpensesAmt |
| Other Increases | $11,256 | OtherIncreasesAmt |
| Subtotal | $9,675,083 | SubtotalAmt |
| Tot Net Ast Or Fund Balances EOY | $9,675,083 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)
| PropertyPropertyDesc | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| PERPTUAL CARE FUND - ST LOSS | 2022-11-28 | 2023-06-14 | $28,273 | $28,278 | -$5 | -$5 |
| PERPETUAL CARE FUND - LT LOSS | $578 | $589 | -$11 | -$11 | ||
| INTEROCEAN CAPITAL - LT LOSS | $385,475 | $385,511 | -$36 | -$36 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$52 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | -$5 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $665 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $665 | SubtotalAmt |
| Tax Based On Investment Income | $665 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $516 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $400 | ExtsnRequestIncomeTaxPaidAmt |
| Total Payments And Credits | $916 | TotalPaymentsAndCreditsAmt |
| Form2220 Attached | Yes (X) | Form2220AttachedInd |
| Es Penalty | $1 | EsPenaltyAmt |
| Overpayment | $250 | OverpaymentAmt |
| Applied To ES Tax | $250 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | false | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (true) | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | theayersfoundation.org | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE ORGANIZATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7318470632 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 643 TENNESSEE AVENUE | AddressLine1Txt |
| City | PARSONS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38363 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | false | UncorrectedPriorActsInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (10 entries)
| Address Line1USAddress/AddressLine1Txt | Address Line2USAddress/AddressLine2Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|---|
| JAMES W AYERS | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | CHAIRMAN | 5.0 | $0 | $0 | $0 |
| JON AYERS | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | DIRECTOR | 3.0 | $0 | $0 | $0 |
| DR AGENIA CLARK | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | SECRETARY | 1.0 | $0 | $0 | $0 |
| JANET AYERS | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | PRESIDENT | 15.0 | $0 | $0 | $0 |
| JOANN LYNN | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| KRISTY AYERS | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| LIN HOWARD ANDREWS | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| LEE ANN INGRAM | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| CASSIE LYNN FOOTE | |||||||||
| PO Box 756 | PO Box 217 | Parsons | TN | 38363 | DIRECTOR | 1.0 | $0 | $0 | $0 |
| DR MICHAEL PRICE | |||||||||
| PO Box 756 | Parsons | TN | 38363 | VICE PRESIDENT | 5.0 | $0 | $0 | $0 | |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|---|---|---|---|
| DR JAMES BURTON WILLIAMS | ||||||
| PO BOX 756 | PARSONS | TN | 38363 | CEO | 40.0 | $267,618 |
| MICHAEL MEADOWS | ||||||
| PO BOX 756 | PARSONS | TN | 38363 | DIRECTOR POST-SECOND | 40.0 | $166,426 |
| LORISA WILLIAMS | ||||||
| PO BOX 756 | PARSONS | TN | 38363 | DIRECTOR | 40.0 | $155,327 |
| JAMES GRANT | ||||||
| PO BOX 756 | PARSONS | TN | 38363 | EMPLOYEE | 40.0 | $149,891 |
| BLAKE DILL | ||||||
| PO BOX 756 | PARSONS | TN | 38363 | COO | 40.0 | $146,711 |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| CHERRY BEKAERT LLP | |||||
| 222 SECOND AVE S STE 1240 | NASHVILLE | TN | 37201 | ACCOUNTING | $29,400 |
| BDO USA | |||||
| 501 COMMERCE ST SUITE 1400 | NASHVILLE | TN | 37203 | ACCOUNTING | $48,672 |
| BERRY & TUDOR PC | |||||
| 5123 VIRGINIA WAY SUITE B-23 | BRENTWOOD | TN | 37027 | LEGAL | $1,554 |
| DONITA BROWN | |||||
| 3847 CAGE ELLIS ROAD | SPRINGFIELD | TN | 37172 | OTHER | $1,500 |
| PACIFIC COMMERCIAL SERVICES LLC | |||||
| 9101 LBJ FREEWAY STE 700 | DALLAS | TX | 75243 | OTHER | $2,696 |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | AYERS FOUNDATION SCHOLAR PROGRAM | Description1Txt |
| Expenses1 | $2,085,931 | Expenses1Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $79,811 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $2,835,202 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $2,915,013 | TotalFMVOfUnusedAssetsAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $2,915,013 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $43,725 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $2,871,288 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $143,564 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,403,045 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Charitable Assets Acquis Paid | $0 | CharitableAssetsAcquisPaidAmt |
| Set Aside Suitability Test | $0 | SetAsideSuitabilityTestAmt |
| Set Aside Cash Distri Test | $0 | SetAsideCashDistriTestAmt |
| Qualifying Distributions | $2,403,045 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $0 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Prior Year1 | 2021 | PriorYear1Yr |
| Prior Year2 | 2020 | PriorYear2Yr |
| Prior Year3 | 2019 | PriorYear3Yr |
| Excess Distribution Cyov Yr1 | $7,358,496 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,358,496 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $2,403,045 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Remaining Distri From Corpus | $2,403,045 | RemainingDistriFromCorpusAmt |
| Total Corpus | $9,761,541 | TotalCorpusAmt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov To Next Yr | $9,761,541 | ExcessDistriCyovToNextYrAmt |
| Excess From Year1 | $7,358,496 | ExcessFromYear1Amt |
| Excess From Current Year | $2,403,045 | ExcessFromCurrentYearAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $46,832 | CurrentYearAmt |
| Year1 | $15,247 | Year1Amt |
| Year2 | $1,322 | Year2Amt |
| Year3 | $3,815 | Year3Amt |
| Total | $67,216 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $39,807 | CurrentYearAmt |
| Year1 | $12,960 | Year1Amt |
| Year2 | $1,124 | Year2Amt |
| Year3 | $3,243 | Year3Amt |
| Total | $57,134 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,403,045 | CurrentYearAmt |
| Year1 | $7,358,496 | Year1Amt |
| Year2 | $7,920,033 | Year2Amt |
| Year3 | $7,804,502 | Year3Amt |
| Total | $25,486,076 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $311,291 | CurrentYearAmt |
| Year1 | $4,632,011 | Year1Amt |
| Year2 | $5,008,046 | Year2Amt |
| Year3 | $5,054,086 | Year3Amt |
| Total | $15,005,434 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,091,754 | CurrentYearAmt |
| Year1 | $2,726,485 | Year1Amt |
| Year2 | $2,911,987 | Year2Amt |
| Year3 | $2,750,416 | Year3Amt |
| Total | $10,480,642 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $9,716,792 | CurrentYearAmt |
| Year1 | $12,225,583 | Year1Amt |
| Total | $21,942,375 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $143,564 | CurrentYearAmt |
| Year1 | $161,576 | Year1Amt |
| Year2 | $148,660 | Year2Amt |
| Year3 | $120,342 | Year3Amt |
| Total | $574,142 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | JAMES W AYERS | ContributingManagerNm |
| Contributing Manager | JANET E AYERS | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | JANET AYERS | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 643 TENNESSEE AVE | AddressLine1Txt |
| City | PARSONS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38363 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 7318474962 | RecipientPhoneNum |
| Form And Info And Materials | NO SPECIFIC FORM IS REQUIRED. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | APPLICATIONS ARE ACCEPTED AT ANY TIME. | SubmissionDeadlinesTxt |
| Restrictions On Awards | DONATIONS ARE PRIMARILY, BUT NOT EXCLUSIVELY LIMITED TO ORGANIZATIONS LOCATED IN DAVIDSON, DECATUR, HENDERSON, LAWRENCE, PERRY, AND UNICOI COUNTIES IN THE STATE OF TENNESSEE. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (9 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt | Address Line2RecipientUSAddress/AddressLine2Txt |
|---|---|---|---|---|---|---|---|
| SECOND HARVEST FOOD | |||||||
| 331 Great Circle Road | Nashville | TN | 37228 | PC | GENERAL/OPERATING | $1,723 | |
| TENNESSEE CHILDREN'S HOME DONATION | |||||||
| 1310 FRANKLIN ROAD | BRENTWOOD | TN | 37027 | PC | GENERAL/OPERATING | $500 | |
| FOUNDATION FOR THE COLLEGE SYSTEM OF TENNESSEE | |||||||
| 1 BRIDGESTONE PARK | NASHVILLE | TN | 37214 | PC | GENERAL/OPERATING | $25,000 | |
| EAST TENNESSEE STATE UNIVERSITY | |||||||
| PO BOX 70721 | JOHNSON CITY | TN | 37614 | PC | GENERAL/OPERATING | $200,000 | |
| SMALL MIRACLES THERAPEUTIC EQUESTRIAN CENTER INC | |||||||
| 1026 ROCK SPRINGS DRIVE | KINGSPORT | TN | 37664 | PC | GENERAL/OPERATING | $12,000 | |
| LIPSCOMB UNIVERSITY - LEADERSHIP TN | |||||||
| ONE UNIVERSITY PARK DRIVE | NASHVILLE | TN | 37204 | PC | GENERAL/OPERATING | $28,000 | |
| TAF CRF | |||||||
| PO BOX 756 | PARSONS | TN | 38363 | PC | GENERAL/OPERATING | $17,068 | |
| MENTAL HEALTH AMERICA OF THE MID-SOUTH | |||||||
| 446 Metroplex Dr | Nashville | TN | 37211 | PC | GENERAL/OPERATING | $2,000 | Suite A-224 |
| FREED-HARDMAN UNIVERSITY | |||||||
| 158 East Main Street | Henderson | TN | 38340 | PC | GENERAL/OPERATING | $25,000 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $311,291 | TotalGrantOrContriPdDurYrAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fees Contracts From Govt Ag | FeesContractsFromGovtAgGrp | |
| Membership Dues And Assmnt | MembershipDuesAndAssmntGrp |
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $36,609 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $11,291 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Rntl Incm Re Debt Fincd Prop | NetRntlIncmReDebtFincdPropGrp | |
| Net Rntl Incm Re Not Debt Fincd Prop | NetRntlIncmReNotDebtFincdProp | |
| Net Rental Income Personal Prop | NetRentalIncomePersonalPropGrp | |
| Other Investment Income | OtherInvestmentIncomeGrp |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Net Income Loss From Special Evt | NetIncomeLossFromSpecialEvtGrp | |
| Gross Profit Loss Sls Of Invntry | GrossProfitLossSlsOfInvntryGrp |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS REVENUE | Desc |
| Exclusion | 01 | ExclusionCd |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $47,900 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $47,900 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Contributor Person | TENNESSEE HIGHER EDUCATION COMMISSI | ContributorPersonNm |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 312 ROSA PARKS BLVD 9TH FLOOR | AddressLine1Txt |
| City | NASHVILLE | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 37243 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $97,879 | TotalContributionsAmt |
| Person Contribution | Yes (X) | PersonContributionInd |
All Oth Prog Rltd Investments Sch AllOthProgRltdInvestmentsSch
All Other Program Related Invst AllOtherProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | NONE | Desc |
Depreciation Schedule DepreciationSchedule
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $35,381 | LegalFeesAmt |
| Disbursements Charitable Prps | $35,381 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| THEC PREPAID STUDENT CARDS | $4,300 | $0 | $0 |
| DUE FROM TAF RURAL EXPAN. FDN | $274,652 | $0 | $0 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (24 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt |
|---|---|---|---|---|
| TELEPHONE | $28,065 | $28,065 | ||
| INSURANCE | $13,538 | $13,538 | ||
| TRAINING | $20,912 | $20,912 | ||
| CHARITABLE PROGRAMS | $5,823 | $5,823 | ||
| WEBSITE DESIGN | $2,654 | $2,654 | ||
| POSTAGE & DELIVERY | $3,603 | $3,603 | ||
| BANQUETS AND SPECIAL EVENTS | $30,713 | $30,713 | ||
| OFFICE SUPPLIES | $18,052 | $18,052 | ||
| MARKETING & PUBLIC RELATIONS | $5,362 | $5,362 | ||
| COLLEGE FAIRS | $4,480 | $4,480 | ||
| COLLEGE & TEST FEES | $3,500 | $3,500 | ||
| TN STATE FILING FEES | $20 | $20 | ||
| INVESTMENT FEES | $1,011 | $0 | $1,011 | $1,011 |
| BANK FEES | $57 | $0 | $57 | $57 |
| COMPUTER EXPENSE | $39,742 | $39,742 | ||
| FURNITURE | $22,664 | $22,664 | ||
| UTILITIES | $10,084 | $10,084 | ||
| SCHOOL VISIT TRAVEL | $50,693 | $50,693 | ||
| MISCELLANEOUS | $21,448 | $21,448 | ||
| REPAIRS & MAINTENANCE | $51,410 | $51,410 | ||
| OPERATING COSTS | $2,351 | $2,351 | ||
| DUES | $3,485 | $3,485 | ||
| GRANT EXPENSES | $17,086 | $17,086 | ||
| COLLEGE SUMMIT EXPENSES | $9,930 | $9,930 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNRESTRICTED REVENUE | Desc |
| Revenue And Expenses Per Books | $1,005 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $1,005 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CHANGE IN UNREALIZED GAIN/LOSS | Desc |
| Amt | $11,256 | Amt |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS - FB PCF | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $1,938 | EOYBookValueAmt |
Other Notes Loans Rcvbl Long Sch OtherNotesLoansRcvblLongSch
Other Notes Loans Rcvbl Long OtherNotesLoansRcvblLongGrp (2 entries)
| Balance DueBalanceDueAmt | InterestInterestRt |
|---|---|
| DUE FROM TAF RURAL EXPAN FDN | |
| $187,058 | 0 |
| DUE FROM AYERS FDN TRUST | |
| $3,045,660 | 0 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | CONSULTING FEES | CategoryTxt |
| Amt | $38,800 | Amt |
| Disbursements Charitable Prps | $38,800 | DisbursementsCharitablePrpsAmt |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL TAXES | CategoryTxt |
| Amt | $104,978 | Amt |
| Disbursements Charitable Prps | $104,978 | DisbursementsCharitablePrpsAmt |