Marlene And Spencer Hays Foundation
- Assets
- $119.2m
- Revenue
- $6.4m
- Investments
- $98.7m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 01/2018
- Data as of
- 12/2019
- EIN
- 82-2479722
Organization Overview
Marlene And Spencer Hays Foundation is located in Nashville, TN. The organization was established in 2018. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Marlene And Spencer Hays Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2019, Marlene And Spencer Hays Foundation has awarded 62 individual grants totaling $5,069,060. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin E Hickman Trustee | 40 | $199,875 | |
Suzanne B Moore Trustee | 40 | $142,025 | |
Marlene M Hays Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,682,712 |
| Interest on Savings | $1,140,857 |
| Dividends & Interest | $1,996,324 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $596,377 |
| Capital Gain Net Income | $596,377 |
| Net ST Capital Gain | $881,745 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$38,326 |
| Total Revenue | $6,377,944 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $341,900 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,478,177 |
| Taxes | $66,632 |
| Depreciation | $0 |
| Occupancy | $32,569 |
| Travel, conferences, and meetings | $18,209 |
| Printing and publications | $0 |
| Other expenses | $39,311 |
| Total operating and administrative expenses | $2,594,996 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,594,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,004,854 |
| Net Accounts receivable | $34 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $15,065,355 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $9,183,926 |
| Net Land, buildings, and equipment | $358,711 |
| Other assets | $2,635 |
| Total assets | $119,169,427 |
| Accounts payable and accrued expenses | $26,300 |
| 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 | $26,300 |
Grants Awarded
Over the last fiscal year, Marlene And Spencer Hays Foundation has awarded $5,069,060 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: CAPITAL CAMPAIGN | $1,000,000 |
Nashville, TN PURPOSE: UNRESTRICTED | $250,000 |
TN IMMIGRANT AND REFUGEE RIGHTS PURPOSE: UNRESTRICTED | $228,000 |
Chicago, IL PURPOSE: UNRESTRICTED | $200,000 |
Nashville, TN PURPOSE: UNRESTRICTED | $175,000 |
Fort Worth, TX PURPOSE: UNRESTRICTED | $175,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |
Coca Qalicb Inc Saint Louis, MO | $31,981,162 | $1,980,360 |
Lake Oconee Academy Foundation Inc Greensboro, GA | $20,544,289 | $963,837 |
Ncf Carolinas Inc Charlotte, NC | $1,465,195 | $1,454,572 |