Belle Meade Mansion
- Assets
- $6.9m
- Revenue
- $3.8m
- Investments
- $0.0
- Employees
- 82
- Location
- Nashville, TN
- Founding
- 01/2020
- Data as of
- 06/2024
- EIN
- 84-2454648
Organization Overview
Belle Meade Mansion is located in Nashville, TN. The organization was established in 2020. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Belle Meade Mansion employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Belle Meade Mansion 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 06/2024, Belle Meade Mansion generated $3.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (14.0%) each year. All expenses for the organization totaled $4.1m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE INNOVATIVE AND INCLUSIVE GUEST EXPERIENCES, ENGAGING EDUCATIONAL OPPORTUNITIES, AND A FULFILLING TEAM ENVIRONMENT, WHILE PRESERVING THE HISTORIC RELEVANCE OF THE SITE FOR FUTURE GENERATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMISSION AND ACCESS TO OUR HISTORICAL HOME AND SITES FOR APPROXIMATELY 140,000 VISITORS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Damon Byrd Board President | OfficerTrustee | 2 | $0 |
Frank Wilk Board Member | Trustee | 1 | $0 |
Luvenia Harrison Board Member | Trustee | 1 | $0 |
John Rochford Executive Board Member | Trustee | 1 | $0 |
Lyle Patterson Board Member | Trustee | 1 | $0 |
Jeff Steele Board Member | Trustee | 1 | $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 | $93,529 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,529 |
| Total Program Service Revenue | $2,885,348 |
| Investment income | $58,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $433,942 |
| Net Gain/Loss on Asset Sales | -$2,920 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $358,157 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,826,531 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $409,851 |
| Compensation of current officers, directors, key employees. | $409,851 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,439,567 |
| Pension plan accruals and contributions | $210,815 |
| Other employee benefits | $0 |
| Payroll taxes | $130,019 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,720 |
| Fees for services: Accounting | $32,719 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,237 |
| Fees for services: Other | $53,118 |
| Advertising and promotion | $86,963 |
| Office expenses | $110,547 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,743 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,988 |
| Interest | $835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $418,348 |
| Insurance | $53,910 |
| All other expenses | $130,606 |
| Total functional expenses | $4,141,690 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $842,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $96,355 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $114,722 |
| Inventories for sale or use | $124,819 |
| Prepaid expenses and deferred charges | $27,935 |
| Net Land, buildings, and equipment | $5,401,423 |
| Investments—publicly traded securities | $282,481 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,388 |
| Total assets | $6,911,825 |
| Accounts payable and accrued expenses | $291,150 |
| Grants payable | $0 |
| Deferred revenue | $324,262 |
| 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 | $18,158 |
| Total liabilities | $633,570 |
| Net assets without donor restrictions | $6,116,622 |
| Net assets with donor restrictions | $161,633 |
| 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 | $6,911,825 |