Scarritt-Bennett Center
- Assets
- $15.9m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 50
- Location
- Nashville, TN
- Founding
- 01/1941
- Data as of
- 12/2021
- EIN
- 62-0476818
Organization Overview
Scarritt-Bennett Center is located in Nashville, TN. The organization was established in 1941. According to its NTEE Classification (X19) the organization is classified as: Support N.E.C., under the broad grouping of Religion-Related and related organizations. As of 12/2022, Scarritt-Bennett Center employed 50 individuals. This organization is the central organization for a national or regional group of organizations. Scarritt-Bennett Center 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 12/2021, Scarritt-Bennett Center generated $3.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
THE CENTER IS A CONFERENCE, RETREAT AND EDUCATION CENTER RELATED TO THE UNITED METHODIST CHURCH. THE CENTER ALSO OFFERS ITS OWN EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER IS A CONFERENCE, RETREAT AND EDUCATION CENTER RELATED TO THE UNITED METHODIST CHURCH. THE CENTER PROVIDES CONFERENCE AND MEETING SPACE FOR DAY AND MULTI-DAY MEETINGS. THE CENTER ALSO OFFERS ITS OWN PROGRAM OF EDUCATION AND MINISTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sondrea Tolbert Ex - Exec Direc | OfficerTrustee | 40 | $121,046 |
Andrea Hatcher Chairman | OfficerTrustee | 1 | $0 |
Kathy Booker Director | Trustee | 1 | $0 |
Gail Douglas-Boykin Vice Chair | OfficerTrustee | 1 | $0 |
Jama Bowen Director | Trustee | 1 | $0 |
Patricia Battle Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $862,883 |
| Investment income | $139,183 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $125 |
| Net Rental Income | $60,000 |
| Net Gain/Loss on Asset Sales | $371,938 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,083,419 |
| Statement of Expenses | |
|---|---|
| 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. | $106,453 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $764,971 |
| Pension plan accruals and contributions | $36,474 |
| Other employee benefits | $89,794 |
| Payroll taxes | $33,120 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $81,229 |
| Fees for services: Other | $29,031 |
| Advertising and promotion | $37,934 |
| Office expenses | $196,704 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $513,293 |
| Travel | $4,435 |
| 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 | $311,528 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,458,891 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,618,773 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,800,000 |
| Accounts receivable, net | $54,007 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $34,897 |
| Prepaid expenses and deferred charges | $89,231 |
| Investments—publicly traded securities | $7,375,216 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,064,569 |
| Total assets | $15,880,857 |
| Accounts payable and accrued expenses | $125,178 |
| 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 | $230,424 |
| Total liabilities | $355,602 |
| Net assets without donor restrictions | $6,703,745 |
| Net assets with donor restrictions | $8,821,510 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $15,525,255 |