Tennessee Residence Foundation: Nonprofit Profile, Financials & Form 990 (EIN 62-1840646)

Is it real?

Yes. Revoked May 2024, reinstated. IRS ruling Jan 2025, per the IRS master file. Latest filing on record: FY2020. IRS ruling in Jan 2025.

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

Where the money goes

93 cents of each dollar spent went to programs.

93%

Program services 93% · $79K Management & general 7% · $6K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

First Lady Maria Lee

President

$0Pt VII · Sec A

Mike Kelly

Chairman of the Board

$0Pt VII · Sec A

Katie Coker

Board Member

$0Pt VII · Sec A

Lisa Eyster

Board Member

$0Pt VII · Sec A

Hunter Grills

Board Member

$0Pt VII · Sec A

Clare Armistead

Board Member

$0Pt VII · Sec A

Douglas Ch Henry

Board Member

$0Pt VII · Sec A

See Tennessee Residence Foundation 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 15aNo

Programs and updates

Preserves and improves the historic Tennessee Executive Residence.

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Provided by the organization

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1 program · $79K · in their own filed words · FY2020

01

Preserving, protecting, maintaining, and enhancing artistic, historic, and architectural value of the tennessee executive residence.

$79Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

−$3K

Ln 12

Investment incomeLn 3$272

Money outPt IX

$85K

Ln 25

Programscol B$79K

Managementcol C$6K

Owns and owesPt X

$365K

net assets · Ln 32

Cash and savingsLn 1–2$339K

Total assetsLn 16$371K

LiabilitiesLn 26$5K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Investment incomeLn 3$272

Total revenueLn 12−$3K

Assets in detailPt X, end of year

CashLn 1$339K

Cash and savings togetherLn 1–2$339K

Total assetsLn 16$371K

LiabilitiesLn 26$5K

Net assetsLn 32$365K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$438K	$339K
Total assetsLn 16	$469K	$371K
LiabilitiesLn 26	$16K	$5K
Net assetsLn 32	$453K	$365K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$6K		$6K
Other fees for servicesLn 11g	$603		$603
Other expenses (24a–d)Ln 24	$79K	$79K
Total functional expensesLn 25	$85K	$79K	$6K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2020 Latest Viewing	−$3K	$85K	−$88K	$365K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary −$2,684 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $588$272

I-11 Other revenuePrior year −$6,156−$2,956

I-12 Total revenuePrior year −$5,568−$2,684

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $189,940$84,914

I-18 Total expensesPrior year $189,940$84,914

I-19 Revenue less expensesPrior year −$195,508−$87,598

Part VI · Governance 7 of 7 board members independent, 4 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue −$2,684 across 2 lines filed

Lines not itemized here account for −$2,956 of total revenue; see the IRS return.

VIII-3 Investment incomeExcluded from tax $272$272

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$2,684−$2,684

Part IX · Statement of functional expenses $84,914 across 3 lines filed

IX-11c Accounting feesManagement $5,535$5,535

IX-11g Other fees for servicesManagement $603$603

IX-24 Other expenses (24a–d)Programs $78,776$78,776

IX-25 Total functional expensesPrograms $78,776 · Management $6,138 · Fundraising $0$84,914

Part X · Balance sheet $370,722 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $437,715$339,128

X-8 Inventories for sale or useStart of year $31,690$31,594

X-16 Total assetsStart of year $469,405$370,722

X-17 Accounts payable and accrued expensesStart of year $16,336$5,250

X-26 Total liabilitiesStart of year $16,336$5,250

X-27 Net assets without donor restrictionsStart of year $453,069$365,472

X-32 Total net assets or fund balancesStart of year $453,069$365,472

X-33 Total liabilities and net assetsStart of year $469,405$370,722

Part XI · Reconciliation of net assets $365,472 net assets at year end

XI-1 Total revenue−$2,684

XI-2 Total expenses$84,914

XI-3 Revenue less expenses−$87,598

XI-4 Net assets at start of year$453,069

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$365,472

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Tennessee Residence Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Tennessee Residence Foundation

By the numbers

Filing history

Schedules filed Part IV