The Nashville Chamber Public Benefit Foundation is located in Nashville, TN. The organization was established in 1990. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nashville Chamber Public Benefit 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 06/2021, Nashville Chamber Public Benefit Foundation generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $403.5k during the year ending 06/2021. 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 NASHVILLE CHAMBER PUBLIC BENEFIT FOUNDATION COORDINATES EFFORTS WITH BUSINESS, EDUCATION AND GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION AND TALENT DEVELOPMENT: THE AVAILABILITY AND PREPAREDNESS OF THE NASHVILLE AREA'S LABOR FORCE IS THE NUMBER ONE DRIVER OF ECONOMIC PROSPERITY. THE FOUNDATION'S WORK HELPS ENSURE HIGH SCHOOL GRADUATES, OPPORTUNITY YOUTH, TENNESSEE RECONNECT ADULTS, AND CURRENT WORKERS ARE EQUIPPED WITH THE CREDENTIALS AND EXPERIENCE NECESSARY TO INCREASE THE AVAILABILITY AND PREPAREDNESS OF NASHVILLE AREA TALENT.IN OCTOBER 2020, JPMORGAN CHASE ANNOUNCED NASHVILLE AS ONE OF SIX U.S. SITES SELECTED FOR THE NEW SKILLS READY GRANT, PROVIDING A $7 MILLION INVESTMENT IN NASHVILLE OVER FIVE YEARS. THE GRANT SUPPORTS THE SEAMLESS TRANSITION OF UNDERREPRESENTED STUDENTS FROM METRO NASHVILLE PUBLIC SCHOOLS (MNPS) INTO POSTSECONDARY TO EARN A CREDENTIAL OR DEGREE AND ENTER A HIGH-WAGE, HIGH-DEMAND CAREER. THE FOUNDATION IS SERVING AS THE SITE LEAD AND FISCAL AGENT FOR THE GRANT. OTHER PARTNERS INCLUDE MNPS, NASHVILLE STATE COMMUNITY COLLEGE, TCAT NASHVILLE, MIDDLE TENNESSEE STATE UNIVERSITY, TENNESSEE DEPARTMENT OF EDUCATION, TENNESSEE HIGHER EDUCATION COMMISSION, TENNESSEE DEPARTMENT OF LABOR AND WORKFORCE DEVELOPMENT, TENNESSEE BOARD OF REGENTS, TENNESSEE COLLEGE ACCESS AND SUCCESS NETWORK, THE SCARLETT FAMILY FOUNDATION, AND THE MAYOR'S OFFICE. IN 2021, THE NEW SKILLS READY TEAM PARTICIPATED IN REI AND SYSTEMNESS TRAINING, AND FIVE WORKING GROUPS BROUGHT DATA, VISUAL REPRESENTATIONS OF THEIR SYSTEMS, AND SHARED WORK TO DATE ON CREATING A SEAMLESS FRAMEWORK ACROSS K-12, POSTSECONDARY, AND THE WORKFORCE. THE FIVE WORKING GROUPS ARE: COLLEGE AND CAREER COACHES FRAMEWORK, DRAFT PATHWAYS ADVISING, EQUITY, PATHWAYS CERTIFICATION, AND WORK-BASED LEARNING. THE TEAM HAS EXPERIENCED EARLY WINS IN WORK-BASED LEARNING (50 WORK-BASED LEARNING CAPSTONES IN FOUR NSR HIGH SCHOOLS) AND DRAFT PATHWAYS ADVISING (BEST PRACTICE IDENTIFICATION AND STAKEHOLDER ENGAGEMENT). NASHVILLE RECONNECT IS PART OF TENNESSEE RECONNECT, AN INITIATIVE TO HELP ADULTS RETURN TO HIGHER EDUCATION TO GAIN NEW SKILLS, ADVANCE IN THE WORKPLACE, AND FULFILL LIFELONG DREAMS OF COMPLETING A DEGREE OR CREDENTIAL. NASHVILLE RECONNECT CURRENTLY SERVES 1,030 ADULTS IN THE NASHVILLE PROMISE ZONE AND ADJACENT ZIP CODES, 422 OF WHOM ARE ENROLLED AND 608 ARE PRE-ENROLLED. OF THE TOTAL NUMBER OF RECONNECTORS, 56% ARE BLACK, 31% ARE WHITE, AND 4% ARE HISPANIC/LATINX. NASHVILLE RECONNECT PROVIDES NEUTRAL NAVIGATION AND CONNECTION TO WRAPAROUND SERVICES IN TWO RECONNECT CAFES WHILE WORKING WITH EMPLOYERS TO LEVERAGE RECONNECT GRANTS TO BUILD INTERNAL AND EXTERNAL PIPELINES OF TALENT. THE FOUNDATION HAS TRAINED MORE THAN 250 PEOPLE FROM EMPLOYERS, CHURCHES, COMMUNITY-BASED ORGANIZATIONS, AND TRAINING AND EDUCATION PROVIDERS TO SERVE AS RECONNECT AMBASSADORS. NASHVILLE RECONNECT IS NOW PART OF THE FAMILY COLLECTIVE, A PROGRAM OF UNITED WAY FOCUSED ON ENDING FAMILY HOMELESSNESS IN MIDDLE TENNESSEE.JPMORGAN CHASE PROVIDED GRANT FUNDING TO CREATE A COMPETENCY-BASED PROGRAMMING CREDENTIAL THAT OFFERS STUDENTS A FLEXIBLE, SELF-PACED CURRICULUM TO ENTER AN IT CAREER. THE COURSE LAUNCHED AT NASHVILLE STATE COMMUNITY COLLEGE IN THE FALL OF 2021. COLUMBIA STATE COMMUNITY COLLEGE IS DEVELOPING A SIMILAR CURRICULUM ON THE WILLIAMSON COUNTY CAMPUS. IN 2021, THE FOUNDATION DEVELOPED A MARKETING AND SOCIAL MEDIA PLAN TO TARGET UNDERREPRESENTED POPULATIONS TO ENROLL AND GAIN A CREDENTIAL TO ENTER OR ADVANCE IN A CAREER IN IT PROGRAMMING.THE NASHVILLE TALENT HUB IS A PARTNERSHIP OF THE FOUNDATION, METRO NASHVILLE, NASHVILLE STATE COMMUNITY COLLEGE AND TCAT NASHVILLE, AND BRINGS TOGETHER COMMUNITY-BASED ORGANIZATIONS, EMPLOYERS AND GOVERNMENT AGENCIES TO ALIGN PROGRAMS AND SERVICES TO INCREASE COLLEGE ENROLLMENT, PERSISTENCE AND SUCCESS. COMMUNITIES EARNED THE TALENT HUB DESIGNATION BY MEETING RIGOROUS STANDARDS FOR CREATING ENVIRONMENTS THAT ATTRACT, RETAIN, AND CULTIVATE TALENT, PARTICULARLY STUDENTS OF COLOR, THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE, AND THOSE FROM LOW-INCOME HOUSEHOLDS. THE NASHVILLE TALENT HUB LEVERAGES TENNESSEE'S FREE TECHNICAL AND COMMUNITY COLLEGE TUITION FOR ADULTS AND FEDERAL STUDENT AID, COUPLED WITH HIGH-TOUCH NAVIGATION AND COMPLETION COACH SERVICES AND RESOURCES TO SUPPORT ADULT POSTSECONDARY ATTAINMENT, FOCUSED ON THE NASHVILLE PROMISE ZONE. IN 2021, THE TALENT HUB GUIDING TEAM IMPLEMENTED THE LISTENING TOUR 2.0 TO FOLLOW THE LISTENING TOUR CONDUCTED IN 2018. THE LISTENING TOUR HELPED DETERMINE THE IMPACT OF CURRENT INTERVENTIONS AND IDENTIFY BARRIERS KEEPING ADULTS FROM ENTERING AND COMPLETING A DEGREE OR CREDENTIAL.NATIONAL SKILLS COALITION AWARDED GRANT FUNDS TO BUILD A STATEWIDE COALITION TO CREATE TENNESSEE CHAPTERS OF BUSINESS LEADERS UNITED (BLU) AND SKILLSPAN. NOW UNDER ONE UMBRELLA, THIS GROUP INCLUDES MORE THAN 80 CHAMBERS, EMPLOYERS, COMMUNITY-BASED ORGANIZATIONS, STATE, AND METRO AGENCIES WORKING TO ADDRESS POLICY BARRIERS THAT KEEP EMPLOYERS FROM FILLING MIDDLE SKILLS JOBS, JOBS THAT REQUIRE SOME EDUCATION BEYOND HIGH SCHOOL. THE COLLABORATIVE IS FOCUSED ON PROVIDING INPUT FOR THE REAUTHORIZATION OF THE WORKFORCE INNOVATION AND OPPORTUNITIES ACT (WIOA,) POLICIES SUPPORTING EARLY POSTSECONDARY OPPORTUNITIES AND WORK-BASED LEARNING, AND PARTNERSHIPS AND CROSS-SECTOR COLLABORATION. TN BLU-SKILLSPAN HOLDS QUARTERLY, VIRTUAL, SESSIONS FOR LEARNING, UPDATES, OPPORTUNITIES FOR COLLABORATION ON PILOT PROJECTS, AND INFORMATION SHARING, FOCUSED ON THESE PRIORITIES.THE CLEAN SLATE PROGRAM IS PART OF THE FOUNDATION'S WORK WITH BLU AND SKILLSPAN. THE PROGRAM LAUNCHED IN JANUARY 2021 AT NASHVILLE STATE COMMUNITY COLLEGE AND IS DESIGNED TO REENGAGE STUDENTS WITH A PAST DUE BALANCE AND MOVE THEM TO COMPLETION OF A DEGREE OR CREDENTIAL. THIS PROGRAM IS FUNDED BY A GRANT FROM THE MEMORIAL FOUNDATION, AS CURRENT STATE LAW DOES NOT ALLOW SCHOOLS TO FORGIVE A PAST DUE BALANCE. THIS PILOT HOPES TO SHOW A POSITIVE RETURN ON INVESTMENT OF FORGIVING THAT BALANCE. CURRENTLY, THERE ARE OVER 14,000 STUDENTS AT THE COLLEGE WITH A PAST DUE BALANCE, AND MORE THAN 8,500 HAVE A BALANCE BELOW $500.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ron Samuels Chair | OfficerTrustee | 2 | $0 |
Kimmi P Hayes Treasurer | OfficerTrustee | 2 | $0 |
Ralph Schulz President | OfficerTrustee | 2 | $0 |
Darrell S Freeman Sr Vice-Chair | Trustee | 2 | $0 |
Gordon E Nichols General Counsel & Secretary | Trustee | 2 | $0 |
Milton Johnson Director | Trustee | 2 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
State Of Tennessee Security | 6/29/15 | $157,572 |
Liberty Park Rental Rental Goods | 6/29/15 | $130,571 |
Kaegi Resources Sponsor Sales | 6/29/15 | $129,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,840,000 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,840,000 |
Total Program Service Revenue | $0 |
Investment income | $0 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $2,840,000 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $396,186 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $52 |
Total functional expenses | $403,454 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,733,581 |
Savings and temporary cash investments | $0 |
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 | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,733,581 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $95,000 |
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 | $249,856 |
Total liabilities | $344,856 |
Net assets without donor restrictions | $1,979,148 |
Net assets with donor restrictions | $409,577 |
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 | $2,733,581 |
Over the last fiscal year, The Nashville Chamber Public Benefit Foundation has awarded $396,186 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Nashville, TN PURPOSE: K-12 & POST SECONDARY EDUCATION | $377,342 |
METROPOLITAN NASHVILLE PUBLIC SCHOOLS PURPOSE: K-12 EDUCATION | $18,844 |
Over the last fiscal year, we have identified 8 grants that The Nashville Chamber Public Benefit Foundation has recieved totaling $5,844,197.
Awarding Organization | Amount |
---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $4,170,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS | $1,390,000 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR JP MORGAN - NEW SKILLS READY MIDDLE-SCHOOL PROGRAM | $150,100 |
Scarlett Family Foundation Nashville, TN PURPOSE: SUPPORT FOR JP MORGAN - NEW SKILLS READY MIDDLE-SCHOOL PROGRAM | $63,050 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $30,047 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Organization Name | Assets | Revenue |
---|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN | $205,748,037 | $85,831,682 |
The Community Foundation Inc Richmond, VA | $859,349,771 | $152,790,051 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
The Community Foundation Of Louisville Inc Louisville, KY | $675,486,716 | $70,628,491 |
Charlottesville Area Community Foundation Charlottesville, VA | $339,690,669 | $77,610,040 |
North Carolina Community Foundation Inc Raleigh, NC | $442,779,010 | $109,848,330 |
Hampton Roads Community Foundation Norfolk, VA | $431,066,210 | $16,919,172 |
Triangle Community Foundation Durham, NC | $302,593,887 | $28,260,487 |
Chattanooga Christian Community Foundation Chattanooga, TN | $107,861,272 | $37,732,736 |
The Community Foundation Of Greater Birmingham Birmingham, AL | $299,631,425 | $49,687,592 |
Community Foundation Of Greater Chattanooga Inc Chattanooga, TN | $242,437,300 | $52,106,763 |
East Tennessee Foundation Knoxville, TN | $333,652,631 | $23,055,951 |