Jack C Massey Foundation
- Assets
- $30.7m
- Revenue
- $2.2m
- Investments
- $27.8m
- Employees
- 0
- Location
- Brentwood, TN
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 62-1649826
Organization Overview
Jack C Massey Foundation is located in Brentwood, TN. The organization was established in 1996. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Jack C Massey 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 12/2021, Jack C Massey Foundation generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.4%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NO PROGRAM ACTIVITIES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William A Shipp Jr President/ Director | 10 | $77,872 | |
James C Gooch Secretary/director | 10 | $25,000 | |
Jonathan A Shayne Vice President/director | 10 | $25,000 | |
Barbara Massey Rogers Co-Chair | 10 | $0 | |
Leonard H Armistead III Co-Chair | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $600 |
| Dividends & Interest | $393,180 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,807,482 |
| Capital Gain Net Income | $1,807,482 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,400 |
| Total Revenue | $2,211,662 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $127,872 |
| Other employee salaries and wages | $58,540 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,498 |
| Depreciation | $3,333 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27,988 |
| Total operating and administrative expenses | $232,231 |
| Contributions, gifts, grants paid | $1,679,500 |
| Total expenses and disbursements | $1,911,731 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,982 |
| Savings and temporary cash investments | $2,743,543 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $55,007 |
| Other assets | $0 |
| Total assets | $30,668,320 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
Paula And Rodger Riney Foundation St Louis, MO | $118,536,395 | $1,770,419 |
The Henry W Grady Health System Foundation Inc Atlanta, GA | $41,862,389 | $12,481,516 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |
The Ezrah Charitable Trust Charlotte, NC | $259,414,844 | $89,054,665 |
Robert E And Jenny D Kirkland Foundation Union City, TN | $287,925,102 | $17,113,043 |
Speer Foundation Brentwood, TN | $160,979,713 | $8,246,449 |
The Haslam 3 Foundation Inc Knoxville, TN | $5,285,692 | $10,045,433 |
Phil J And Alice S Sheridan Foundation Inc Macon, GA | $17,357,251 | $6,663,970 |
Davis Love Iii Foundation St Simons Island, GA | $5,238,841 | $10,992,325 |
Scarlett Family Foundation Nashville, TN | $163,054,305 | $18,551,241 |