Mckendree Village Foundation
- Assets
- $5.8m
- Revenue
- $367.1k
- Investments
- $5.5m
- Employees
- 0
- Location
- Hermitage, TN
- Founding
- 04/2003
- Data as of
- 06/2021
- EIN
- 62-1765180
Organization Overview
Mckendree Village Foundation is located in Hermitage, TN. The organization was established in 2003. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mckendree Village 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, Mckendree Village Foundation generated $367.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $416.1k 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 CORPORATION IS A NOT-FOR-PROFIT RELIGIOUS CORPORATION AFFILIATED WITH THE TENNESSEE ANNUAL CONFERENCE OF THE UNITED METHODIST CHURCH. IT IS INTENDED THAT THE CORPORATION SHALL HAVE THE STATUS OF A RELIGOUS CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAXATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MCKENDREE VILLAGE FOUNDATION ACCEPTS DONATIONS AND PROVIDES GRANTS TO ELIGIBLE INDIVIDUALS FOR A PORTION OF BENEVOLENT CARE COSTS AT MCKENDREE VILLAGE.
MCKENDREE VILLAGE FOUNDATION ACCEPTS DONATIONS AND PROVIDES GRANTS TO GOLDEN CROSS FOUNDATION FOR ASSISTANCE IN FUNDING ONGOING MINISTRIES AND SERVICES WITH OLDER ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Mcnish Executive Di | Officer | 40 | $0 |
John H Collett Jr Chairman | Trustee | 0.5 | $0 |
Ed Van Vorhees Vice Chairma | Trustee | 0.5 | $0 |
Harry Boyko Secretary | Trustee | 0.5 | $0 |
William E Mcdonald Member | Trustee | 0.5 | $0 |
Bill D Williams Member | Trustee | 0.5 | $0 |
Financial Statements
| 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 | $10,937 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,937 |
| Total Program Service Revenue | $0 |
| Investment income | $80,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $275,459 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $367,132 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| Grants and other assistance to domestic individuals. | $56,828 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,836 |
| Compensation of current officers, directors, key employees. | $107,836 |
| 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 | $1,315 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,831 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,163 |
| Information technology | $163 |
| 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 | $0 |
| Total functional expenses | $416,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $237,293 |
| 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 | $5,535,783 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,773,076 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $237,293 |
| Net assets with donor restrictions | $5,535,783 |
| 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 | $5,773,076 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mckendree Village Foundation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Grace Community Gardens Foundation Nashville, TN PURPOSE: CHARITABLE SUPPORT | $2,000 |
Endowment Analysis
| Beg. Balance | $4,785,901 |
| Earnings | $1,104,549 |
| Admin Expense | $154,667 |
| Other Expense | $200,000 |
| Ending Balance | $5,535,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Goodwill Industries Of The Valley Works Roanoke, VA | $35,659,269 | $106,358,357 |
Mississippi State University Foundation Inc Mississippi State, MS | $560,789,333 | $59,624,907 |
Youth Villages Foundation Inc Memphis, TN | $339,159,403 | $27,952,778 |
Community Investments Foundation Charlotte, NC | $101,933,737 | $21,788,464 |
Westminister-Canterbury Management Corporation Richmond, VA | $220,702,749 | $15,246,749 |
Midwest Senior Ministries Inc St Louis, MO | $12,712,163 | $13,139,984 |
Hospice Of Chattanooga Foundation Chattanooga, TN | $0 | $886,666 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Community Real Property Holdings Inc Charlotte, NC | $53,988,196 | $19,881,979 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Communities In Schools Of North Carolina Inc Raleigh, NC | $8,297,246 | $8,586,637 |