Kharis Foundation
- Assets
- $18.9m
- Revenue
- $1.0m
- Investments
- $17.9m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 08/1972
- Data as of
- 06/2024
- EIN
- 62-0640228
Organization Overview
Kharis Foundation is located in Nashville, TN. The organization was established in 1972. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kharis 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 06/2024, Kharis Foundation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.2% each year . All expenses for the organization totaled $867.6k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kharis Foundation has awarded 251 individual grants totaling $6,181,702. 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 |
|---|---|---|---|
Francis Daniel Board Member | 1 | $0 | |
George Crawford III Secretary | 1 | $0 | |
John Lagrasse Treasurer | 10 | $0 | |
Kathy Corlew Board Member | 1 | $0 | |
Melinda Lawrence Sanders President | 40 | $171,435 | |
Pat Bridges Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $446,987 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $583,983 |
| Capital Gain Net Income | $583,983 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,030,970 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $171,435 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $33,714 |
| Interest | $0 |
| Taxes | $23,925 |
| Depreciation | $2,540 |
| Occupancy | $60,417 |
| Travel, conferences, and meetings | $13,773 |
| Printing and publications | $0 |
| Other expenses | $155,388 |
| Total operating and administrative expenses | $492,551 |
| Contributions, gifts, grants paid | $375,000 |
| Total expenses and disbursements | $867,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $685,107 |
| 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 | $771 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,740,755 |
| Net Land, buildings, and equipment | $328 |
| Other assets | $256,111 |
| Total assets | $18,866,662 |
| Accounts payable and accrued expenses | $3,533 |
| Grants payable | $50,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $265,180 |
| Total liabilities | $318,713 |
Grants Awarded
Over the last fiscal year, Kharis Foundation has awarded $555,000 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BUILDING LIVES FOUNDATION PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $15,000 |
CASA NASHVILLE PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $10,000 |
COMMUNITY RESOURCE CENTER PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $25,000 |
CROSSROAD CAMPUS PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $25,000 |
DAVIS HOUSE CHILD ADVOCACY CENTER PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $10,000 |
EDGEHILL NEIGHBORHOOD PARTNERSHIP PURPOSE: TO FURTHER CHARITABLE ACTIVITIES | $20,000 |