M Straton Foster Charitable Foundation Rjc-2055000565
- Assets
- $3.7m
- Revenue
- $303.1k
- Investments
- $3.4m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 02/1987
- Data as of
- 04/2024
- EIN
- 62-6195713
Organization Overview
M Straton Foster Charitable Foundation Rjc-2055000565 is located in Nashville, TN. The organization was established in 1987. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. M Straton Foster Charitable Foundation Rjc-2055000565 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 04/2024, M Straton Foster Charitable Foundation Rjc-2055000565 generated $303.1k 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 (15.6%) each year. All expenses for the organization totaled $339.7k during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2023, M Straton Foster Charitable Foundation Rjc-2055000565 has awarded 90 individual grants totaling $558,000. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adelaide G Davis Director | 1 | $0 | |
Judge George Paine Director | 1 | $0 | |
Clay T Jackson Director | 1 | $0 | |
Name Not Listed Trustee | 6 | $51,619 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,696 |
| Dividends & Interest | $124,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $161,668 |
| Capital Gain Net Income | $161,668 |
| Net ST Capital Gain | $6,673 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $303,110 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,914 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,640 |
| Total operating and administrative expenses | $56,163 |
| Contributions, gifts, grants paid | $283,500 |
| Total expenses and disbursements | $339,663 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $371,186 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,736,749 |
| 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 |
Grants Awarded
Over the last fiscal year, M Straton Foster Charitable Foundation Rjc-2055000565 has awarded $283,500 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
CUMBERLAND UNIVERSITY PURPOSE: GENERAL SUPPORT | $6,000 |
EPISCOPAL SCHOOL OF NASHVILLE PURPOSE: GENERAL SUPPORT | $8,000 |
CURREY INGRAM ACADEMY PURPOSE: GENERAL SUPPORT | $8,000 |
HARPETH HALL SCHOOL PURPOSE: GENERAL SUPPORT | $15,000 |
FRANKLIN ROAD ACADEMY PURPOSE: GENERAL SUPPORT | $5,000 |
LIPSCOMB UNIVERSITY PURPOSE: GENERAL SUPPORT | $15,000 |