Civic Intelligence

The Snedeker Foundation

990 • Fiscal year 2019 • EIN 46-1172912

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 25, 2020

PO Box 158187Nashville, TN 37215

(615) 665-1801

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

78th percentile

21%

Higher net margin than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

85th percentile

29%

Faster asset growth than 85% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

69th percentile

15%

Faster revenue growth than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$3,035,208

Up $687,829 (+29%) from 2018

Net Assets

Up

$3,035,208

Up $687,829 (+29%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$1,378,026

Up $180,592 (+15%) from 2018

Expenses

Up

$1,088,657

Up $312,586 (+40%) from 2018

Net Income

Down

$289,369

Down $131,994 (-31%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2012: $375,000Liabilities 2012: $0Net Assets 2012: $375,0002012Assets 2013: $493,283Liabilities 2013: $0Net Assets 2013: $493,2832013Assets 2014: $1,023,946Liabilities 2014: $0Net Assets 2014: $1,023,9462014Assets 2015: $1,294,422Liabilities 2015: $0Net Assets 2015: $1,294,4222015Assets 2016: $1,521,473Liabilities 2016: $0Net Assets 2016: $1,521,4732016Assets 2017: $2,176,793Liabilities 2017: $0Net Assets 2017: $2,176,7932017Assets 2018: $2,347,379Liabilities 2018: $0Net Assets 2018: $2,347,3792018Assets 2019: $3,035,208Liabilities 2019: $0Net Assets 2019: $3,035,2082019Assets 2020: $3,469,395Liabilities 2020: $0Net Assets 2020: $3,469,3952020Assets 2021: $3,892,770Liabilities 2021: $0Net Assets 2021: $3,892,7702021Assets 2022: $3,450,505Liabilities 2022: $0Net Assets 2022: $3,450,5052022Assets 2023: $3,956,244Liabilities 2023: $0Net Assets 2023: $3,956,2442023Assets 2024: $4,726,921Liabilities 2024: $0Net Assets 2024: $4,726,9212024

Highlighted filing

2019

Assets$3,035,208
Liabilities$0
Net Assets$3,035,208

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0Revenue 2012: $405,000Expenses 2012: $30,000Net Income 2012: $375,0002012Revenue 2013: $132,953Expenses 2013: $14,670Net Income 2013: $118,2832013Revenue 2014: $635,000Expenses 2014: $104,337Net Income 2014: $530,6632014Revenue 2015: $331,152Expenses 2015: $60,676Net Income 2015: $270,4762015Revenue 2016: $394,683Expenses 2016: $167,632Net Income 2016: $227,0512016Revenue 2017: $1,190,209Expenses 2017: $729,303Net Income 2017: $460,9062017Revenue 2018: $1,197,434Expenses 2018: $776,071Net Income 2018: $421,3632018Revenue 2019: $1,378,026Expenses 2019: $1,088,657Net Income 2019: $289,3692019Revenue 2020: $429,515Expenses 2020: $272,110Net Income 2020: $157,4052020Revenue 2021: $346,320Expenses 2021: $161,201Net Income 2021: $185,1192021Revenue 2022: $404,841Expenses 2022: $222,794Net Income 2022: $182,0472022Revenue 2023: $498,873Expenses 2023: $187,270Net Income 2023: $311,6032023Revenue 2024: $739,823Expenses 2024: $205,987Net Income 2024: $533,8362024

Highlighted filing

2019

Revenue$1,378,026
Expenses$1,088,657
Net Income$289,369
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 25, 2020
Return Version
2019v5.0
Gross Receipts
$2,330,072
Mission and Program Overview

Mission

The mission of the snedeker foundation is to help underprivileged children accross the country, but particularly in the middle tennessee area with an emphasis on encouraging success in the classroom and in their respective sports. The foundation has implemented educational programs and scholarships, combining athletics, team building, and positive social interaction among youth of different backgrounds, but that need access to opportunities that they may not have had otherwise. The foundation hopes to make a positive difference in the lives of children and their respective communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,928,675$2,489,689▲ $561,014
Cash and Non-Interest-Bearing Accounts$418,704$545,519▲ $126,815
Total Assets$2,347,379$3,035,208▲ $687,829
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,347,379$3,035,208▲ $687,829
Total Net Assets Fund Balance$2,347,379$3,035,208▲ $687,829
Total Liabilities and Net Assets / Fund Balance$2,347,379$3,035,208▲ $687,829
Compensation and Service Providers

Board Members and Trustees

NameTitle
Amanda SnedekerPresident
Daniel CrockettBoard Member
Steve WoodCounsel
Jimmy JohnstonSecretary
Todd D GlissonTreasurer
Brandt SnedekerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$320,892
Program Service Revenue
$986,500
Investment Income
$65,861
Other Revenue
$4,773
All Other Contributions
$320,892
Change in Net Assets
$289,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,351,064
Revenue Not Reported on Financial Statements
$26,962
Revenue Not Reported on Form 990
$398,460
Other Revenue Adjustments
$4,773
Total Revenue per Audited Statements
$1,749,524
Total Revenue per Form 990
$1,378,026
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$956,750
Grants and Similar Amounts Paid$131,907
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$315,732$1,512-$317,244
Fees for Services Management-$154,904-$154,904
Grants to Domestic Orgs$131,907--$131,907
Other Expenses$72,000--$72,000
Advertising$27,874--$27,874
Fees for Service Investment Mgmnt Fees-$22,189-$22,189
Insurance$10,500$1,654-$12,154
Fees for Services Legal-$11,488-$11,488
Fees for Services Accounting-$3,050-$3,050
Office Expenses$2,413--$2,413
Total Functional Expenses$893,860$194,797$0$1,088,657

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,088,657
Expenses per Audited Statements$1,061,695
Total Expenses per Audited Statements$1,061,695
Expenses Not Reported on Financial Statements$26,962
Other Expense Adjustments$4,773
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tennessee Golf FoundationFranklin, TN501c3To Support Education$90,997
Vanderbilt UniversityNashville, TN501c3Golf Scholarship Fun$20,000
Our KidsNashville, TN501c3General Support$8,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Amanda snedeker brandt snedeker president vice pres. Husband/wife brandt snedeker jimmy johnston vice pres. Secretary client/agent

Form 990, Page 6, Part VI, Line 11B

The return is reviewed annually by the president and treasurer before being filed.

Form 990, Page 6, Part VI, Line 12C

Each board member is required to sign a conflict of interest policy. Upon disclosure of the conflict of interest the interested person will be excused from the discussion or voting on the conflicted activity. The remaining disinterested board members will vote for approval or disapporval on the activity.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
The Snedeker Foundation
EIN
46-1172912
Phone
6156651801
Address
PO BOX 158187, NASHVILLE, TN 37215

Signing Officer

Name
Amanda Snedeker
Title
President
Phone
6156651801
Signed
2020-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Snedeker
Formed
2012
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Uselton Clay & Bright Pc
Address
209 10TH AVENUE SOUTH SUITE 414, NASHVILLE, TN 37203
Preparer
Suzanne Jones Clay CPA
Phone
6153229900
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of the snedeker foundation is to help underprivileged children accross the country, but particularly in the middle tennessee area with an emphasis on encouraging success in the classroom and in their respective sports. The foundation has implemented educational programs and scholarships, combining athletics, team building, and positive social interaction among youth of different backgrounds, but that need access to opportunities that they may not have had otherwise. The foundation hopes to make a positive difference in the lives of children and their respective communities.

Form 990, Part IX, Line 24E

Hospitality 63,913 0 0 busses/transportation 33,214 0 0 tournament expenses 31,496 0 0 generators and fuel 28,831 0 0 volunteer expenses 24,794 0 0 security 18,530 0 0 travel and entertainment 17,853 0 0 signage 16,588 0 0 player food and beverages 15,164 0 0 temporary restrooms 13,419 0 0 party expenses 10,643 0 0 golf carts 10,000 0 0 other expenses 7,998 0 0 ems services 7,320 0 0 awards and photos 6,924 0 0 tournament supplies 4,404 0 0 media day 3,941 0 0 bank fees 0 1,512 0 taxes and licenses 700 0 0 total 315,732 1,512 0

Form 990, Part XI, Line 9

Return of unused grant -4,773 return of unused grant 4,773

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 4B

Return of unused grant 4,773

Schedule D, Page 4, Part XII, Line 4B

Return of unused grant 4,773

Raw XML AppendixShowing 400 of 416 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF THE SNEDEKER FOUNDATION IS TO HELP UNDERPRIVILEGED CHILDREN ACCROSS THE COUNTRY, BUT PARTICULARLY IN THE MIDDLE TENNESSEE AREA WITH AN EMPHASIS ON ENCOURAGING SUCCESS IN THE CLASSROOM AND IN THEIR RESPECTIVE SPORTS. THE FOUNDATION HAS IMPLEMENTED EDUCATIONAL PROGRAMS AND SCHOLARSHIPS, COMBINING ATHLETICS, TEAM BUILDING, AND POSITIVE SOCIAL INTERACTION AMONG YOUTH OF DIFFERENT BACKGROUNDS, BUT THAT NEED ACCESS TO OPPORTUNITIES THAT THEY MAY NOT HAVE HAD OTHERWISE. THE FOUNDATION HOPES TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CHILDREN AND THEIR RESPECTIVE COMMUNITIES.
IRS990/AdvertisingGrp/ProgramServicesAmt027874
IRS990/AdvertisingGrp/TotalAmt027874
IRS990/AllOtherContributionsAmt0320892
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01512
IRS990/AllOtherExpensesGrp/ProgramServicesAmt0315732
IRS990/AllOtherExpensesGrp/TotalAmt0317244
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0COVENANT PARTNERS LLC
IRS990/BooksInCareOfDetail/PhoneNum06156651801
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 158187
IRS990/BooksInCareOfDetail/USAddress/CityNm0NASHVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd037215
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0418704
IRS990/CashNonInterestBearingGrp/EOYAmt0545519
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0320892
IRS990/CYGrantsAndSimilarPaidAmt0131907
IRS990/CYInvestmentIncomeAmt065861
IRS990/CYOtherExpensesAmt0956750
IRS990/CYOtherRevenueAmt04773
IRS990/CYProgramServiceRevenueAmt0986500
IRS990/CYRevenuesLessExpensesAmt0289369
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01088657
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01378026
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0TO PROMOTE THE SPORT OF GOLF BY PROMOTING THE NASHVILLE GOLF OPEN AND PROVIDE SCHOLARSHIP PROGRAMS ESTABLISHED WITH OTHER ORGANIZATIONS. ALSO, THE ORGANIZATION PROVIDES SUPPORT TO OTHER NOT-FOR-PROFIT ORGANIZATIONS WITH AN EMPHASIS IN HELPING YOUTH AND LOCAL COMMUNITIES.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0893860
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt03050
IRS990/FeesForServicesAccountingGrp/TotalAmt03050
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt011488
IRS990/FeesForServicesLegalGrp/TotalAmt011488
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0154904
IRS990/FeesForServicesManagementGrp/TotalAmt0154904
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt022189
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt022189
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0AMANDA SNEDEKER
IRS990/Form990PartVIISectionAGrp/PersonNm1BRANDT SNEDEKER
IRS990/Form990PartVIISectionAGrp/PersonNm2JIMMY JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm3TODD D GLISSON
IRS990/Form990PartVIISectionAGrp/PersonNm4STEVE WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm5DANIEL CROCKETT
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COUNSEL
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02012
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/SecuritiesAmt0-6105
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantAmt0131907
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0131907
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0131907
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0945941
IRS990/GrossReceiptsAmt02330072
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01654
IRS990/InsuranceGrp/ProgramServicesAmt010500
IRS990/InsuranceGrp/TotalAmt012154
IRS990/InvestmentIncomeGrp/ExclusionAmt071966
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt071966
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt01928675
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02489689
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0952046
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE MISSION OF THE SNEDEKER FOUNDATION IS TO HELP UNDERPRIVILEGED CHILDREN ACCROSS THE COUNTRY, BUT PARTICULARLY IN THE MIDDLE TENNESSEE AREA WITH AN EMPHASIS ON ENCOURAGING SUCCESS IN THE CLASSROOM AND IN THEIR RESPECTIVE SPORTS. THE FOUNDATION HAS IMPLEMENTED EDUCATIONAL PROGRAMS AND SCHOLARSHIPS, COMBINING ATHLETICS, TEAM BUILDING, AND POSITIVE SOCIAL INTERACTION AMONG YOUTH OF DIFFERENT BACKGROUNDS, BUT THAT NEED ACCESS TO OPPORTUNITIES THAT THEY MAY NOT HAVE HAD OTHERWISE. THE FOUNDATION HOPES TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CHILDREN AND THEIR RESPECTIVE COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02347379
IRS990/NetAssetsOrFundBalancesEOYAmt03035208
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-6105
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-6105
IRS990/NetUnrlzdGainsLossesInvstAmt0398460
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02347379
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03035208
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ProgramServicesAmt02413
IRS990/OfficeExpensesGrp/TotalAmt02413
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0TENTS/SKYBOXES
IRS990/OtherExpensesGrp/Desc1PURSE
IRS990/OtherExpensesGrp/Desc2SITE FEE
IRS990/OtherExpensesGrp/Desc3PRO-AM SHOPPING EXPERIENC
IRS990/OtherExpensesGrp/ProgramServicesAmt0151947
IRS990/OtherExpensesGrp/ProgramServicesAmt1101200
IRS990/OtherExpensesGrp/ProgramServicesAmt280287
IRS990/OtherExpensesGrp/ProgramServicesAmt372000
IRS990/OtherExpensesGrp/TotalAmt0151947
IRS990/OtherExpensesGrp/TotalAmt1101200
IRS990/OtherExpensesGrp/TotalAmt280287
IRS990/OtherExpensesGrp/TotalAmt372000
IRS990/OtherRevenueMiscGrp/Desc0REFUND
IRS990/OtherRevenueMiscGrp/ExclusionAmt04773
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt04773
IRS990/OtherRevenueTotalAmt04773
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0AMANDA SNEDEKER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0711300
IRS990/ProgramServiceRevenueGrp/Desc0NASHVILLE GOLF OPEN
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0986500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0986500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0339500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0104742
IRS990/PYInvestmentIncomeAmt075349
IRS990/PYOtherExpensesAmt0671329
IRS990/PYProgramServiceRevenueAmt0782585
IRS990/PYRevenuesLessExpensesAmt0421363
IRS990/PYTotalExpensesAmt0776071
IRS990/PYTotalRevenueAmt01197434
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0289369
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0986500
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 1,526,705
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0320892
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0339500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0406125
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0370000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0327500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01764017
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt071966
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt075349
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07604
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt03652
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0163657
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0986500
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0782585
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0744120
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02513205
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.39690
IRS990ScheduleA/PublicSupportPY170Pct00.56220
IRS990ScheduleA/PublicSupportTotal170Amt01764017
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0320892
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0339500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0406125
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0370000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0327500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01764017
IRS990ScheduleA/TotalSupportAmt04444652
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt03773
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt03773
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt026962
IRS990ScheduleD/ExpensesSubtotalAmt01061695
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt022189
IRS990ScheduleD/InvestmentExpensesNotIncldAmt022189
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0398460
IRS990ScheduleD/OtherExpensesNotIncludedAmt04773
IRS990ScheduleD/OtherRevenuesNotIncludedAmt04773
IRS990ScheduleD/RevenueNotReportedAmt0398460
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt026962
IRS990ScheduleD/RevenueSubtotalAmt01351064
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RETURN OF UNUSED GRANT 4,773
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RETURN OF UNUSED GRANT 4,773
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalExpensesPerForm990Amt01088657
IRS990ScheduleD/TotalRevenuePerForm990Amt01378026
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01749524
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01061695
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt08500
IRS990ScheduleI/RecipientTable/CashGrantAmt190997
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO SUPPORT EDUCATION
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2GOLF SCHOLARSHIP FUN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OUR KIDS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TENNESSEE GOLF FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2VANDERBILT UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientEIN0581830327
IRS990ScheduleI/RecipientTable/RecipientEIN1581893478
IRS990ScheduleI/RecipientTable/RecipientEIN2620476822
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01804 HAYES STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 FRANKLIN ROAD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt22301 VANDERBILT PLACE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NASHVILLE
IRS990ScheduleI/RecipientTable/USAddress/CityNm1FRANKLIN
IRS990ScheduleI/RecipientTable/USAddress/CityNm2NASHVILLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd037203
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd137069
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd237240
IRS990ScheduleI/Total501c3OrgCnt07
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE MISSION OF THE SNEDEKER FOUNDATION IS TO HELP UNDERPRIVILEGED CHILDREN ACCROSS THE COUNTRY, BUT PARTICULARLY IN THE MIDDLE TENNESSEE AREA WITH AN EMPHASIS ON ENCOURAGING SUCCESS IN THE CLASSROOM AND IN THEIR RESPECTIVE SPORTS. THE FOUNDATION HAS IMPLEMENTED EDUCATIONAL PROGRAMS AND SCHOLARSHIPS, COMBINING ATHLETICS, TEAM BUILDING, AND POSITIVE SOCIAL INTERACTION AMONG YOUTH OF DIFFERENT BACKGROUNDS, BUT THAT NEED ACCESS TO OPPORTUNITIES THAT THEY MAY NOT HAVE HAD OTHERWISE. THE FOUNDATION HOPES TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CHILDREN AND THEIR RESPECTIVE COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AMANDA SNEDEKER BRANDT SNEDEKER PRESIDENT VICE PRES. HUSBAND/WIFE BRANDT SNEDEKER JIMMY JOHNSTON VICE PRES. SECRETARY CLIENT/AGENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE RETURN IS REVIEWED ANNUALLY BY THE PRESIDENT AND TREASURER BEFORE BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EACH BOARD MEMBER IS REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY. UPON DISCLOSURE OF THE CONFLICT OF INTEREST THE INTERESTED PERSON WILL BE EXCUSED FROM THE DISCUSSION OR VOTING ON THE CONFLICTED ACTIVITY. THE REMAINING DISINTERESTED BOARD MEMBERS WILL VOTE FOR APPROVAL OR DISAPPORVAL ON THE ACTIVITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HOSPITALITY 63,913 0 0 BUSSES/TRANSPORTATION 33,214 0 0 TOURNAMENT EXPENSES 31,496 0 0 GENERATORS AND FUEL 28,831 0 0 VOLUNTEER EXPENSES 24,794 0 0 SECURITY 18,530 0 0 TRAVEL AND ENTERTAINMENT 17,853 0 0 SIGNAGE 16,588 0 0 PLAYER FOOD AND BEVERAGES 15,164 0 0 TEMPORARY RESTROOMS 13,419 0 0 PARTY EXPENSES 10,643 0 0 GOLF CARTS 10,000 0 0 OTHER EXPENSES 7,998 0 0 EMS SERVICES 7,320 0 0 AWARDS AND PHOTOS 6,924 0 0 TOURNAMENT SUPPLIES 4,404 0 0 MEDIA DAY 3,941 0 0 BANK FEES 0 1,512 0 TAXES AND LICENSES 700 0 0 TOTAL 315,732 1,512 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6RETURN OF UNUSED GRANT -4,773 RETURN OF UNUSED GRANT 4,773
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 24E
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0THE SNEDEK
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0NGO SNEDEKER FOUNDATION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0821345114
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt030623
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0GOLF
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0986500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03811 BEDFORD AVE STE 201
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NASHVILLE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd037215
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02347379
IRS990/TotalAssetsEOYAmt03035208
IRS990/TotalAssetsGrp/BOYAmt02347379
IRS990/TotalAssetsGrp/EOYAmt03035208
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0320892
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0194797
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0893860
IRS990/TotalFunctionalExpensesGrp/TotalAmt01088657
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02347379
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03035208
IRS990/TotalProgramServiceExpensesAmt0893860
IRS990/TotalProgramServiceRevenueAmt0986500
IRS990/TotalRevenueGrp/ExclusionAmt01057134
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01378026
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02347379
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03035208
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.BRANDTSNEDEKER.COM/FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0AMANDA SNEDEKER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06156651801
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-06-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE SNEDEKER FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0SNED
ReturnHeader/Filer/EIN0461172912
ReturnHeader/Filer/PhoneNum06156651801
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 158187
ReturnHeader/Filer/USAddress/CityNm0NASHVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd037215
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02F8CE1B1A0834531FEA848D861CC30FDA2AAF394
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D4BCB6DAA24F41F74B017EAF9477A2389D8B0109
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt052.37.240.203
ReturnHeader/FilingSecurityInformation/IPDt02020-07-02

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.73$0.00$4.73$0.74$0.21$0.53
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.96$0.00$3.96$0.50$0.19$0.31
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.45$0.00$3.45$0.40$0.22$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.00$3.89$0.35$0.16$0.19
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.47$0.00$3.47$0.43$0.27$0.16
2019Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$1.38$1.09$0.29
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.35$0.00$2.35$1.20$0.78$0.42
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.00$2.18$1.19$0.73$0.46
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.52$0.00$1.52$0.39$0.17$0.23
2015Summary only. Only limited summary data is available for this year.$1.29$0.00$1.29$0.33$0.06$0.27
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$0.64$0.10$0.53
2013Detailed filing. Detailed filing data is available for this year.$0.49$0.00$0.49$0.13$0.01$0.12
2012Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.41$0.03$0.38