The Guardian Foundation Inc
- Assets
- $14.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Ooltewah, TN
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 52-1623898
Organization Overview
The Guardian Foundation Inc is located in Ooltewah, TN. The organization was established in 1990. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Guardian Foundation Inc employed 6 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Guardian 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 06/2022, Guardian Foundation Inc generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $2.4m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR COMPLETE DESCRIPTION.THE ORGANIZATION IS A NONPROFIT CORPORATION CREATED UNDER THE NONPROFIT CORPORATION LAWS OF THE COMMONWEALTH OF PENNSYLVANIA. THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR PUBLIC CHARITABLE USES AND PURPOSES. THE CORPORATION'S LONG-TERM CHARITABLE MISSION IS TO PROVIDE SUPPORTING SERVICES TO ITS AFFILIATED ENTITIES, WHICH DEVELOP OR ACQUIRE AND THEREAFTER OWN AND OPERATE NURSING HOMES, HOSPICES, RETIREMENT FACILITIES, AND FACILITIES FOR THE DEVELOPMENTALLY DISABLED. THE BOARD OF DIRECTORS OF THE ORGANIZATION HAS THE RIGHT TO APPOINT DIRECTORS OF EACH OF ITS AFFILIATED CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES CORPORATE ADMINISTRATIVE SUPPORT FOR AFFILIATED NURSING HOMES, HOSPICES, RETIREMENT FACILITIES, AND FACILITIES FOR INDIVIDUALS WITH INTELLECTUAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Waldrop Dir, President/ceo | OfficerTrustee | 40 | $628,500 |
Marvin E Garrett Director | Trustee | 1 | $0 |
William F Rowe Director/vp/sec/trea | Officer | 40 | $301,500 |
Gregory K Grove Former Vp/director | 1 | $277,334 | |
Mary L Clark Acctng & Projects Mgr | 40 | $136,138 | |
Arthur C Delozier Director | Trustee | 5 | $31,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,876 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,876 |
| Total Program Service Revenue | $1,632,966 |
| Investment income | $294,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,728 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,922,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,420,850 |
| Compensation of current officers, directors, key employees. | $269,961 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,753 |
| Pension plan accruals and contributions | $19,647 |
| Other employee benefits | $32,366 |
| Payroll taxes | $57,704 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,206 |
| Fees for services: Accounting | $27,779 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,200 |
| Advertising and promotion | $0 |
| Office expenses | $97,755 |
| Information technology | $20,964 |
| Royalties | $0 |
| Occupancy | $41,376 |
| Travel | $59,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,173 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,748 |
| Insurance | $9,784 |
| All other expenses | $218 |
| Total functional expenses | $2,359,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,672,529 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,242,744 |
| 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 | $18,356 |
| Net Land, buildings, and equipment | $221,790 |
| Investments—publicly traded securities | $6,518,930 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,817,646 |
| Total assets | $14,491,995 |
| Accounts payable and accrued expenses | $387,351 |
| Grants payable | $0 |
| Deferred revenue | $57,586 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,154,592 |
| Total liabilities | $1,599,529 |
| Net assets without donor restrictions | $12,892,466 |
| 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 | $14,491,995 |