Andrew Jackson Foundation
- Assets
- $14.6m
- Revenue
- $8.6m
- Investments
- $0.0
- Employees
- 117
- Location
- Hermitage, TN
- Founding
- 01/1938
- Data as of
- 06/2023
- EIN
- 62-0478087
Organization Overview
Andrew Jackson Foundation is located in Hermitage, TN. The organization was established in 1938. According to its NTEE Classification (A82) the organization is classified as: Historical Societies & Historic Preservation, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Andrew Jackson Foundation employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Andrew Jackson Foundation 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 06/2023, Andrew Jackson Foundation generated $8.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $6.0m during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 7 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE THE 1,120 ACRE HISTORIC PROPERTY, MAINTAIN AND PRESERVE THE HERMITAGE MANSION AND 27 OTHER STRUCTURES AND COLLECTIONS INCLUDING NEW EXTERIOR PAINT AND INSTALLING A LIGHTNING PREVENTION SYSTEM, PROVIDE EDUCATIONAL PROGRAMS TO THE PUBLIC INCLUDING JR. DOCENT PROGRAM, HANDS-ON HISTORY, THE RACHEL VIRTUAL CLASS, HERMITAGE HOME SCHOOL DAYS, MAKE THE SITE AVAILABLE TO 220,000+/- GUESTS ANNUALLY, AND HOST EVENTS, PROGRAMS AND ACTIVITIES THAT INSPIRE A LOVE OF AMERICAN HISTORY INCLUDING BLACK HISTORY MONTH, THE BATTLE OF NEW ORLEANS AND VETERAN'S DAY PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENCOMPASSING ONE PRIMARY PROGRAM AND IN SUPPORT OF OUR MISSION, THE HERMITAGE WELCOMED OVER 170,800 GUESTS TO THE PROPERTY DURING THE FISCAL YEAR INCLUDING OVER 14,000 SCHOOL CHILDREN WHO PARTICIPATED IN ADDITIONAL EDUCATIONAL ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Howard J Kittell President & | Officer | 50 | $189,519 |
Susan Abasham Board Member | Trustee | 2 | $0 |
Janet Ayers Board Member | Trustee | 2 | $0 |
Marees Choppin Board Member | Trustee | 2 | $0 |
Jeff Dahlgren Board Member | Trustee | 2 | $0 |
Karl F Dean Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Comfort Group Construction | 6/29/23 | $843,873 |
American Constructors Inc Construction | 6/29/23 | $519,881 |
Wasco Inc Construction | 6/29/23 | $243,492 |
Speak Creative Website Host | 6/29/23 | $105,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $45,346 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,432,532 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,698,190 |
| Noncash contributions included in lines 1a–1f | $3,436 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,176,068 |
| Total Program Service Revenue | $3,835,108 |
| Investment income | $102,876 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $499 |
| Net Rental Income | $65,317 |
| Net Gain/Loss on Asset Sales | -$35,423 |
| Net Income from Fundraising Events | $65,859 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $232,561 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,643,061 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,241 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $203,947 |
| Compensation of current officers, directors, key employees. | $61,184 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,573,943 |
| Pension plan accruals and contributions | $32,056 |
| Other employee benefits | $245,580 |
| Payroll taxes | $199,078 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,198 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,639 |
| Fees for services: Other | $172,094 |
| Advertising and promotion | $408,038 |
| Office expenses | $344,867 |
| Information technology | $67,883 |
| Royalties | $0 |
| Occupancy | $750,588 |
| Travel | $2,423 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,142 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $647,629 |
| Insurance | $167,824 |
| All other expenses | -$1,661 |
| Total functional expenses | $6,021,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,373,114 |
| Savings and temporary cash investments | $947,323 |
| Pledges and grants receivable | $364,046 |
| Accounts receivable, net | $4,390 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $188,839 |
| Prepaid expenses and deferred charges | $88,948 |
| Net Land, buildings, and equipment | $6,504,511 |
| Investments—publicly traded securities | $3,945,079 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,230,701 |
| Total assets | $14,646,951 |
| Accounts payable and accrued expenses | $409,624 |
| Grants payable | $0 |
| Deferred revenue | $2,001,807 |
| 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 | $13,824 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $87,553 |
| Total liabilities | $2,512,808 |
| Net assets without donor restrictions | $10,450,225 |
| Net assets with donor restrictions | $1,683,918 |
| 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 | $14,646,951 |