M R Foundation Of Tennessee Inc
- Assets
- $1.2m
- Revenue
- $84.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Hendersonville, TN
- Founding
- 02/1977
- Data as of
- 11/2021
- EIN
- 59-1728351
Organization Overview
M R Foundation Of Tennessee Inc is located in Hendersonville, TN. The organization was established in 1977. According to its NTEE Classification (S82) the organization is classified as: Mens Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M R Foundation Of Tennessee 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 11/2021, M R Foundation Of Tennessee Inc generated $84.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.5%) each year. All expenses for the organization totaled $99.3k during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (11.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, M R Foundation Of Tennessee Inc has awarded 50 individual grants totaling $690,095. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SUPPORT TO TAX-EXEMPT SECTION 501(C)(3) ORGANIZATIONS THAT ASSITS INDIVIDUAL WITH DEVELOPMENTAL DISABILITIES IN TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SUPPORT TO TAX-EXEMPT SECTION 501(C) (3) ORGANIZATIONS THAT ASSIST INDIVIDUALS WITH DEVELOPMENT DISABILITIES IN TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen B Comm Secretary | Officer | 1 | $0 |
Jerry Dougherty President | Officer | 1 | $0 |
Thomas A Manning Jr Vice Preside | Officer | 1 | $0 |
J Hunter Nolen Treasurer | Officer | 1 | $0 |
James Conley Director | Trustee | 1 | $0 |
Ed Corbitt Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $52,987 |
| 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 | $52,987 |
| Total Program Service Revenue | $0 |
| Investment income | $23,022 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,982 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,078 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,049 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,217 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $267 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $96 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $99,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,341 |
| Savings and temporary cash investments | $312,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $769,283 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,181,797 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,181,797 |
| 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 | $1,181,797 |
Grants Awarded
Over the last fiscal year, M R Foundation Of Tennessee Inc has awarded $35,078 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Crossville, TN | | $21,118 |
OTHER 5000 AND BELOW | | | $7,960 |
Crossville, TN | | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Honorable Order Of Kentucky Colonels Inc Louisville, KY | $20,472,188 | $3,774,310 |
100 Black Men Of Atlanta Inc Atlanta, GA | $1,532,763 | $1,952,915 |
Lynchburg Lodge 715 Loyal Order Of Moose Lynchburg, VA | $1,181,606 | $1,405,839 |
North Carolina Beta Alumni And Volunteer Corporation Of Sigma Phi Raleigh, NC | $5,303,877 | $585,969 |
Womans Club Richmond, VA | $937,761 | $530,480 |
Benevolent & Protective Order Of Elks Of The Usa Fredericksburg, VA | $1,670,571 | $467,040 |
Bay Minette Rotary Village Inc Mobile, AL | $1,727,479 | $237,397 |
Independent Order Of Odd Fellows Fenton, MO | $6,548,958 | $593,158 |
Dekalb County Chapter Of 100 Black Men Of America Inc Atlanta, GA | $194,135 | $296,130 |
Blue Ridge Fellows Program Inc Roanoke, VA | $105,619 | $259,919 |
Fraternal Order Of Eagles Alexandria, VA | $897,570 | $472,246 |
100 Black Men Of Jackson Inc Jackson, MS | $477,608 | $261,064 |