Trousdale Foundation Inc
- Assets
- $157.6m
- Revenue
- $76.1m
- Investments
- $0.0
- Employees
- 2,015
- Location
- Cleveland, TN
- Founding
- 03/1990
- Data as of
- 06/2021
- EIN
- 22-2986746
Organization Overview
Trousdale Foundation Inc is located in Cleveland, TN. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Trousdale Foundation Inc employed 2,015 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Trousdale Foundation Inc 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 06/2021, Trousdale Foundation Inc generated $76.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $86.3m during the year ending 06/2021. While expenses have increased by 41.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ACQUIRE, OWN, AND MANAGE NURSING HOMES, HOSPITALS, RETIREMENT HOUSING AND HEALTH CARE FACILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FILING ORGANIZATION PROVIDES PATIENT CARE TO PATIENTS WHO REQUIRE NURSING HOME CARE. THE SERVICES INCLUDED ARE NURSING CARE, MEDICATION, DIETARY, SOCIAL AND ACTIVITY, LAUNDRY, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas D Johnson Executive Director | Officer | 10 | $436,863 |
Sanford Mitchell Skipper CFO (ending 12/2021) | Officer | 10 | $216,224 |
Kenneth C Hart Jr Treasurer | OfficerTrustee | 2 | $0 |
Kelli Ann Canan-Denny Secretary | OfficerTrustee | 2 | $0 |
Christin J Rose President | OfficerTrustee | 4 | $0 |
Jeanne O Varnell Director | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Senior Living Support Services Inc Management Services | 6/29/21 | $2,483,067 |
Functional Pathways Medical Support Services | 6/29/21 | $2,425,355 |
Middle Tennessee Pharmacy Medical Services | 6/29/21 | $477,765 |
Pioneer Technology It Services | 6/29/21 | $615,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,190,327 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,190,327 |
| Total Program Service Revenue | $69,552,106 |
| Investment income | $4,610 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $76,137,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,705 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $653,087 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $36,183,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $514,987 |
| Payroll taxes | $2,890,679 |
| Fees for services: Management | $2,483,067 |
| Fees for services: Legal | $464,202 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,057,959 |
| Advertising and promotion | $42,631 |
| Office expenses | $4,219,778 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,172,191 |
| Travel | $88,672 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,250 |
| Interest | $9,015,092 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,696,523 |
| Insurance | $2,612,683 |
| All other expenses | $17,372 |
| Total functional expenses | $86,277,504 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,552,400 |
| Savings and temporary cash investments | $8,102,377 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,839,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $247,233 |
| Net Land, buildings, and equipment | $124,511,446 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,310,478 |
| Other assets | $9,015,109 |
| Total assets | $157,578,588 |
| Accounts payable and accrued expenses | $18,725,882 |
| Grants payable | $0 |
| Deferred revenue | $270,647 |
| Tax-exempt bond liabilities | $131,586,239 |
| Escrow or custodial account liability | $431,720 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,264,239 |
| Secured mortgages and notes payable | $12,744,724 |
| Unsecured mortgages and notes payable | $9,401,289 |
| Other liabilities | $14,425 |
| Total liabilities | $174,439,165 |
| Net assets without donor restrictions | -$16,860,577 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $157,578,588 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Trousdale Foundation Inc has recieved totaling $2,819,200.
| Awarding Organization | Amount |
|---|---|
Trousdale Foundation Inc Cleveland, TN PURPOSE: TO PROVIDE SUPPORT FOR VARIOUS PROGRAMS | $1,409,600 |
Trousdale Foundation Inc Cleveland, TN PURPOSE: TO PROVIDE SUPPORT FOR VARIOUS PROGRAMS | $1,409,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Family Foundation Inc Bentonville, AR | $5,583,293,024 | $1,484,598,263 |
Marine Toys For Tots Foundation Triangle, VA | $224,233,558 | $379,587,582 |
Bank Of America Charitable Foundation Inc Charlotte, NC | $249,985,331 | $549,442,310 |
Duke Endowment Charlotte, NC | $3,374,460,396 | $832,404,504 |
Marcus Foundation Inc Atlanta, GA | $0 | $247,225,335 |
Distribution Cooperative Inc Mcdonough, GA | $32,404,421 | $108,129,645 |
The Coca-Cola Foundation Inc Atlanta, GA | $328,454,102 | $178,366,620 |
Trousdale Foundation Inc Cleveland, TN | $157,578,588 | $76,137,385 |
The United Methodist Retirement Homes Inc Durham, NC | $351,992,425 | $85,120,969 |
The Murray & Sydell Rosenberg Foundation Inc Atlanta, GA | $5,561,714 | $74,985,544 |
Joseph B Whitehead Foundation Atlanta, GA | $148,285,590 | $58,163,845 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |