D J White Family Foundation
- Assets
- $877.5k
- Revenue
- $40.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2007
- Data as of
- 06/2022
- EIN
- 20-5173579
Organization Overview
D J White Family Foundation is located in Nashville, TN. The organization was established in 2007. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. D J White Family Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, D J White Family Foundation generated $40.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $64.9k during the year ending 06/2022. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OWNS REAL ESTATE AND WILL RENT THE PROPERTY EXCLUSIVELY TO NON-PROFIT ENTITIES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. TO THIS END, THE FOUNDATION PURCHASED 122 WOODED ACRES IN MIDDLE TENNESSEE THAT INCLUDES A SMALL LODGE FORMALLY USED FOR CORPORATE RETREATS, DAY MEETINGS, WEDDING CEREMONIES, AND SIMILAR EVENTS. THE PROPERTY WAS PURCHASED IN JULY, 2006. THE FOUNDATION RECOGNIZES THAT NON-PROFITS SOMETIMES ENCOUNTER FINANCIAL DIFFICULTIES. THE FOUNDATION WILL PROVIDE AFFORDABLE RENTAL PROPERTY TO ALLOW THE DISTRESSED NON-PROFIT ENTITY TO BECOME FINANCIALLY SECURE AND CONTINUE THE PURPOSES AS SET IN ITS ORGANIZING DOCUMENT. BY PROVIDING AFFORDABLE RENTAL PROPERTY, THE PUBLIC BENEFITS WITH THE CONTINUANCE OF NON-PROFIT ENTITIES THAT WOULD OTHERWISE POTENTIALLY FAIL DUE TO FINANCIAL DIFFICULTIES. THE FOUNDATION NEGOTIATED A RESIDENTIAL LEASE AGREEMENT ("LEASE") ON SEPTEM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia J White Dir./sec-Tre | 0.25 | $0 | |
Donald J White Jr Director | 0.25 | $0 | |
Jeremy H White Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $40,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $40,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,877 |
| Depreciation | $27,624 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $19,736 |
| Total operating and administrative expenses | $64,940 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $64,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,710 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $871,741 |
| Other assets | $0 |
| Total assets | $877,451 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $275,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $275,000 |
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