Nonprofit · EIN 27-0456021
PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION
Tax-exempt · PARSONS, TN 38363
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $889,017 | $368,798 | $520,219 | $10,040,602 | $0 | $10,040,602 |
| June 30, 2025 | 990 | $888,664 | $425,274 | $463,390 | $9,520,383 | $0 | $9,520,383 |
| June 30, 2024 | 990 | $843,017 | $431,519 | $411,498 | $9,056,993 | $0 | $9,056,993 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $214,324
- Program service revenue
- $433,671
- Investment income
- $241,022
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $125,295
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $4,174
- Occupancy
- $95,058
- Depreciation
- $137,933
- Program services (functional)
- $368,798
Balance sheet and other
- Total assets, start of year
- $9,520,383
- Total assets, end of year
- $10,040,602
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,040,602
- Land, buildings and equipment
- $3,760,058
- Gross receipts
- $889,017
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2009
- 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, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE SMITH | PRESIDENT & DIRECTOR Trustee or director, Officer | 5 | $0 |
| JON AYERS | CHAIRMAN & DIRECTOR Trustee or director, Officer | 5 | $0 |
| TOM LEITCH | SECRETARY & DIRECTOR Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2025: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE SMITH | PRESIDENT & DIRECTOR Trustee or director, Officer | 5 | $0 |
| JON AYERS | CHAIRMAN & DIRECTOR Trustee or director, Officer | 5 | $0 |
| TOM LEITCH | SECRETARY & DIRECTOR Trustee or director, Officer | 5 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KYLE SMITH | PRESIDENT & DIRECTOR Trustee or director, Officer | 5 | $0 |
| JON AYERS | CHAIRMAN & DIRECTOR Trustee or director, Officer | 5 | $0 |
| TOM LEITCH | SECRETARY & DIRECTOR Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 893, PARSONS, TN 38363-0893
- In care of
- % R CLAYBOURNE PETREY JR
- Principal officer (990 for 2025)
- JON AYERS, PO BOX 893, PARONS, TN 38363
- Signed the 990
- JON AYERS, CHAIRMAN & DIRECTOR
- Phone
- (731) 847-6358
- Return prepared by
- OSBORNE & CO PC
Mission
TO PROMOTE THE EDUCATION OF THE RESIDENTS OF THE CITY OF PARSONS AND DECATUR COUNTY, TENNESSEE AND SURROUNDING AREA BY PROVIDING EDUCATIONAL FACILITIES AND SCHOLARSHIPS
Program accomplishments
- TO PAY FOR AND MAINTAIN THE EDUCATIONAL FACILITIES LOCATED IN PARSONS, TNExpenses $368,798 · grants $125,295 · revenue $433,671
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 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0456021
- 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
- 2010
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $10,040,602
- Income (IRS master file)
- $889,017
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | $889,017 | $368,798 | $10,040,602 | XML |
| 990 | June 2025 | $888,664 | $425,274 | $9,520,383 | IRS |
| 990 | June 2024 | $843,017 | $431,519 | $9,056,993 | XML |
| 990 | June 2023 | $695,498 | $401,187 | $8,645,495 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 27-0456021).
Questions about PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION
- What is the EIN of PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION?
- The employer identification number (EIN) of PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION is 27-0456021.
- Is PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARSONS-DECATUR COUNTY HIGHER EDUCATION 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 PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2026 names JON AYERS.
- Who are the officers and directors of PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION?
- The 990 for the year ended June 30, 2026 lists 3 people; 0 received compensation from the organization.
- How much revenue does PARSONS-DECATUR COUNTY HIGHER EDUCATION FOUNDATION have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $889,017, expenses of $368,798 and total assets of $10,040,602 at year end.
Other nonprofits in PARSONS
- AYERS FOUNDATION TRUST EIN 88-2961915 · last filed 990-PF for 2025
- TAF RURAL EXPANSION FOUNDATION EIN 87-1130171 · last filed 990 for 2025
- 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