TAF Rural Expansion Foundation
TAF Rural Expansion Foundation reported $13.0 million in revenue and $9.8 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $79.38 went to program services, $20.62 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 96.1% of the total. Government grants made up 96.1%. The highest compensation it reported for one person was $411,055 (BOARD SECRETARY & CEO). Revenue rose 160% between FY2022 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.8MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.4% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 96.1% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 96.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 0.0% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $411,055 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 4.21% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 0 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 17.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 2 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| BOARD SECRETARY & CEO Director/trustee, officer, 34.0 hrs/week | $0 | $379,558 | $31,497 | $411,055 |
| CHIEF PROSPERITY OFFICER Officer, 1.0 hrs/week | $0 | $211,798 | $24,767 | $236,565 |
| CHIEF OPERATING OFFICER Officer, 34.0 hrs/week | $0 | $205,101 | $18,275 | $223,376 |
| DIR OF FINANCIAL AID Highest compensated employee, 34.0 hrs/week | $0 | $196,476 | $9,282 | $205,758 |
| ORG. EFFECTIVENESS ADVISOR Director/trustee, officer, 36.0 hrs/week | $0 | $179,800 | $13,317 | $193,117 |
| DIRECTOR OF IT & BUS SOLUTIONS Highest compensated employee, 34.0 hrs/week | $0 | $144,046 | $16,994 | $161,040 |
| DIR OF STRATEGIC INITIATIVES Highest compensated employee, 34.0 hrs/week | $0 | $134,036 | $19,206 | $153,242 |
| DIRECTOR OF ACCOUNTING Highest compensated employee, 34.0 hrs/week | $0 | $127,593 | $15,398 | $142,991 |
0 people received more than $100,000 in reportable compensation from TAF Rural Expansion Foundation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 2 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aNo
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 50
- Volunteers Part I, line 63
Correct a figure or respond
Every number above is copied from TAF Rural Expansion Foundation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for TAF Rural Expansion Foundation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 TAF Rural Expansion Foundation spent in FY2025, $79.38 went to programs. The full breakdown, from its IRS Form 990:
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- Gerstell AcademyCockeysville, MD · revenue $13M · programs 75.7% · FY2025
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Questions people ask
How much of TAF Rural Expansion Foundation's spending goes to programs?
In the fiscal year ending June 30, 2025, TAF Rural Expansion Foundation reported that 79.4% of its $9.8 million in expenses went to program services, 20.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does TAF Rural Expansion Foundation pay its top executive?
The largest total compensation TAF Rural Expansion Foundation reported for one person in the fiscal year ending June 30, 2025 was $411,055, for the role of BOARD SECRETARY & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does TAF Rural Expansion Foundation get its money?
Of $13.0 million in revenue in the fiscal year ending June 30, 2025, 96.1% came from contributions and grants (including 96.1% from government grants) and 0.0% from program service revenue (Form 990, Part VIII).
Is TAF Rural Expansion Foundation a registered charity?
The IRS lists EIN 87-1130171 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202611259349302371 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511349349302371 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411369349315901 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311359349303776 · read the filing
All filings for EIN 87-1130171: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.