The Foundation For Cultural Enrichment
- Assets
- $5.0m
- Revenue
- $506.0k
- Investments
- $4.8m
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 07/1988
- Data as of
- 06/2024
- EIN
- 58-1778992
Organization Overview
The Foundation For Cultural Enrichment is located in Brentwood, TN. The organization was established in 1988. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For Cultural Enrichment 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 06/2024, Foundation For Cultural Enrichment generated $506.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.8% each year . All expenses for the organization totaled $250.9k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Foundation For Cultural Enrichment has awarded 36 individual grants totaling $1,712,604. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Young President | 1 | $0 | |
Beth Gray Vice President | 1 | $0 | |
David Morgan Secretary/treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $18,111 |
| Dividends & Interest | $68,155 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $419,758 |
| Capital Gain Net Income | $419,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $506,024 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,375 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $42,381 |
| Total operating and administrative expenses | $45,606 |
| Contributions, gifts, grants paid | $205,264 |
| Total expenses and disbursements | $250,870 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,131 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $5,025,927 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Foundation For Cultural Enrichment has awarded $205,264 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CITY OF GRAYSVILLE PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE ORGANIZATION | $31,882 |
GRAYSVILLE ELEMENTARY SCHOOL PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE ORGANIZATION | $89,209 |
PLEASANT VIEW CEMETERY CARE FUND PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE ORGANIZATION | $20,000 |
RHEA COUNTY DEPT OF EDUCATION PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE ORGANIZATION | $60,000 |
GRAYSVILLE UNITED METHODIST CHURCH PURPOSE: TO FULFILL THE EXEMPT PURPOSES OF THE ORGANIZATION | $4,173 |