Tennessee School Systems for Equity

IRS exemption revoked

Centerville, TNUnknown exempt organizationEIN 62-1616316

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Educational funding-School Systems

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $14K a year · 6% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 8.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$306K
+54% vs prior year
Spent
$293K
To programs
100%
Net assets
$773K
By yearFY2020–FY2021
Revenue
$306K
FY2021▲ +54%
Revenue by fiscal year
FY2020$199K
FY2021$306K
Expenses
$293K
FY2021▲ +60%
Expenses by fiscal year
FY2020$183K
FY2021$293K
Net assets
$773K
FY2021▲ +2%
Net assets by fiscal year
FY2020$761K
FY2021$773K

From the FY2021 Form 990 (year ending June 2021) · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on November 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $293K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Tennessee School Systems for Equity executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides funding to improve school systems.

Provided by the organization

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1 program · $293K · in their own filed words · FY2020
01

To promote equitable funding for school systems in TN representing 62 TN school systems.

$293Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$306K
Ln 12
Fees for servicesLn 2g$305K
Investment incomeLn 3$847
Money outPt IX
$293K
Ln 25
Programscol B$293K
Owns and owesPt X
$773K
net assets · Ln 32
Cash and savingsLn 1–2$217K
Total assetsLn 16$789K
LiabilitiesLn 26$15K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$305K
Investment incomeLn 3$847
Total revenueLn 12$306K
Assets in detailPt X, end of year
CashLn 1$217K
Cash and savings togetherLn 1–2$217K
InvestmentsLn 11–13$572K
Total assetsLn 16$789K
LiabilitiesLn 26$15K
Net assetsLn 32$773K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$208K$217K
InvestmentsLn 11–13$571K$572K
Total assetsLn 16$779K$789K
LiabilitiesLn 26$18K$15K
Net assetsLn 32$761K$773K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$182K$182K
Legal feesLn 11b$105K$105K
Accounting feesLn 11c$968$968
OccupancyLn 16$288$288
TravelLn 17$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$163$163
Total functional expensesLn 25$293K$293K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $306K$293K$12K$773K 990 PDF
FY2020 $199K$183K$16K$761K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (4 parts)
Part VIII · Statement of revenue $305,678 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $304,831$304,831
VIII-3 Investment incomeExcluded from tax $847$847
VIII-12 Total revenueRelated to mission $304,831 · Excluded from tax $847$305,678
Part IX · Statement of functional expenses $293,333 across 7 lines filed
IX-11a Management feesPrograms $182,225$182,225
IX-11b Legal feesPrograms $105,000$105,000
IX-11c Accounting feesPrograms $968$968
IX-16 OccupancyPrograms $288$288
IX-17 TravelPrograms $2,421$2,421
IX-24 Other expenses (24a–d)Programs $2,268$2,268
IX-24e All other expensesPrograms $163$163
IX-25 Total functional expensesPrograms $293,333 · Management $0 · Fundraising $0$293,333
Part X · Balance sheet $788,655 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $207,602$216,772
X-11 Publicly traded securitiesStart of year $571,066$571,883
X-16 Total assetsStart of year $778,668$788,655
X-17 Accounts payable and accrued expensesStart of year $17,625$15,267
X-26 Total liabilitiesStart of year $17,625$15,267
X-27 Net assets without donor restrictionsStart of year $761,043$773,388
X-32 Total net assets or fund balancesStart of year $761,043$773,388
X-33 Total liabilities and net assetsStart of year $778,668$788,655
Part XI · Reconciliation of net assets $773,388 net assets at year end
XI-1 Total revenue$305,678
XI-2 Total expenses$293,333
XI-3 Revenue less expenses$12,345
XI-4 Net assets at start of year$761,043
XI-10 Net assets at end of year$773,388

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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