The Community Fdn Of Middle Tn Inc
- Assets
- $563.1m
- Revenue
- $67.3m
- Investments
- $182.0m
- Employees
- 59
- Location
- Nashville, TN
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 62-1471789
Organization Overview
The Community Fdn Of Middle Tn Inc is located in Nashville, TN. The organization was established in 1992. 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. As of 12/2023, Community Fdn Of Middle TN Inc employed 59 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Fdn Of Middle TN 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 12/2022, Community Fdn Of Middle TN Inc generated $67.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $70.6m during the year ending 12/2022. While expenses have increased by 2.8% per year over the past 8 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.
Since 2015, Community Fdn Of Middle TN Inc has awarded 33,647 individual grants totaling $445,568,209. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A LEADER, CATALYST, AND RESOURCE FOR PHILANTHROPY FOR THE MIDDLE TENNESSEE COMMUNITY.
Describe the Organization's Program Activity:
THE COMMUNITY FOUNDATION OF MIDDLE TENNESSEE PROVIDES PHILANTHROPIC SERVICES FOCUSED ON COMBINING THE CHARITABLE GIFTS OF MANY TO PROVIDE LEADERSHIP AND FINANCIAL LEVERAGE IN ADDRESSING THE CURRENT AND FUTURE NEEDS OF THE COMMUNITY THROUGH VARIOUS GRANT MAKING ACTIVITIES DESIGNED TO IMPROVE THE LIVES OF THE CITIZENS IN MIDDLE TENNESSEE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Ellen E Lehman President | OfficerTrustee | 50 | $335,690 |
Melisa P Currey Chief Financial Officer | Officer | 50 | $177,840 |
Mrs Amy Fair Vice President, Donor Serv | 50 | $144,436 | |
Benja P Hutchens VP Of Employee Care Progra | 50 | $125,800 | |
Mr Patrick Embry Director, Media And Commun | 50 | $122,622 | |
Laundrea Lewis VP Grants | 50 | $116,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cbiz Investment Advisory Services Investment Manager | 12/30/22 | $320,539 |
Edge Capital Partners Llc Investment Manager | 12/30/22 | $170,088 |
Brand Hotel Independent Consultant | 12/30/22 | $122,522 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $314,484 |
| Related organizations | $0 |
| Government grants | $8,862,058 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,855,616 |
| Noncash contributions included in lines 1a–1f | $11,246,532 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,032,158 |
| Total Program Service Revenue | $0 |
| Investment income | $5,640,393 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,825,527 |
| Net Income from Fundraising Events | $698,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $67,323,570 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $58,923,079 |
| Grants and other assistance to domestic individuals. | $3,173,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $590,018 |
| Compensation of current officers, directors, key employees. | $279,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,312,040 |
| Pension plan accruals and contributions | $65,699 |
| Other employee benefits | $585,040 |
| Payroll taxes | $284,768 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,573 |
| Fees for services: Accounting | $157,687 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,328,437 |
| Fees for services: Other | $41,000 |
| Advertising and promotion | $585,373 |
| Office expenses | $214,599 |
| Information technology | $633,715 |
| Royalties | $0 |
| Occupancy | $112,985 |
| Travel | $92,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,180 |
| Interest | $132,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,314 |
| Insurance | $76,497 |
| All other expenses | $0 |
| Total functional expenses | $70,636,592 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,491,012 |
| Pledges and grants receivable | $403,031 |
| 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 | $17,538,565 |
| Investments—publicly traded securities | $252,761,983 |
| Investments—other securities | $181,963,201 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $67,928,170 |
| Total assets | $563,085,962 |
| Accounts payable and accrued expenses | $1,176,024 |
| Grants payable | $460,815 |
| Deferred revenue | $28,371 |
| 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 | $7,500,000 |
| Other liabilities | $14,168,406 |
| Total liabilities | $23,333,616 |
| Net assets without donor restrictions | $469,754,240 |
| Net assets with donor restrictions | $69,998,106 |
| 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 | $563,085,962 |
Grants Awarded
Over the last fiscal year, The Community Fdn Of Middle Tn Inc has awarded $45,652,560 in support to 1,445 organizations.
| Grant Recipient | Amount |
|---|---|
15TH AVENUE N LEARNING ACADEMY PURPOSE: FOR EQUIPMENT, PROGRAM ENHANCEMENTS AND CONSULTANTS TO ASSIST THE CHILDCARE AGENCY IN EXPANDING THEIR PROGRAM | $25,615 |
202 FRIENDSHIP HOUSE PURPOSE: FOR YOUR PARTICIPATION IN THE BIG PAYBACK 2022 | $5,975 |
3R'S CHILD DEVELOPMENT CENTER INC PURPOSE: FOR EQUIPMENT AND PROGRAM ENHANCEMENTS TO ASSIST THE CHILDCARE AGENCY IN ACHIEVING THEIR FULLY LICENSED STATUS | $87,998 |
42STRONG PURPOSE: FOR UNRESTRICTED SUPPORT | $25,000 |
431 MINISTRIES INC PURPOSE: FOR YOUR PARTICIPATION IN THE BIG PAYBACK 2022 | $7,089 |
A PLACE TO GROW CHILDCARE & DEVELOPMENT CENTER II PURPOSE: FOR EQUIPMENT AND PROGRAM ENHANCEMENTS TO ASSIST THE CHILDCARE AGENCY IN ACHIEVING THEIR FULLY LICENSED STATUS | $24,000 |