Civic Intelligence

Fifty Plus Racing Foundation Inc.

990 • Fiscal year 2023 • EIN 46-1279633

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 13, 2024

Organization ProfileFIFTYPLUSFOUNDATION.COM
801 Broad Street Suite 300Chattanooga, TN 37402

(423) 424-1845

Siviq Scores

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

Liabilities / Assets

100th percentile

5.12x

Higher debt load relative to assets than 100% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

16.95x

Higher debt load relative to revenue than 98% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

2nd percentile

-170%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

2nd percentile

-37%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-77%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets100th percentile

Assets

Down

$322,505

Down $191,379 (-37%) from 2022

Net Assets

Down

-$1,327,526

Down $165,367 (-14%) from 2022

Liabilities

Down

$1,650,031

Down $26,012 (-1.6%) from 2022

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin2nd percentile

Revenue

Down

$97,330

Down $332,456 (-77%) from 2022

Expenses

Up

$262,697

Up $11,291 (+4.5%) from 2022

Net Income

Down

-$165,367

Down $343,747 (-193%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2013: $89,278Liabilities 2013: $67,105Net Assets 2013: $22,1732013Assets 2014: $9,861Liabilities 2014: $37,440Net Assets 2014: -$27,5792014Assets 2015: $45,833Liabilities 2015: $132,400Net Assets 2015: -$86,5672015Assets 2016: $172,472Liabilities 2016: $0Net Assets 2016: $172,4722016Assets 2017: $77,282Liabilities 2017: $0Net Assets 2017: $77,2822017Assets 2018: $77,173Liabilities 2018: $0Net Assets 2018: $77,1732018Assets 2019: $28,763Liabilities 2019: $860Net Assets 2019: $27,9032019Assets 2020: $33,202Liabilities 2020: $1,496Net Assets 2020: $31,7062020Assets 2021: $669,461Liabilities 2021: $2,010,000Net Assets 2021: -$1,340,5392021Assets 2022: $513,884Liabilities 2022: $1,676,043Net Assets 2022: -$1,162,1592022Assets 2023: $322,505Liabilities 2023: $1,650,031Net Assets 2023: -$1,327,5262023Assets 2024: $298,161Liabilities 2024: $1,357,860Net Assets 2024: -$1,059,6992024

Highlighted filing

2023

Assets$322,505
Liabilities$1,650,031
Net Assets-$1,327,526
Open 2023 Filing

Operations Trend

Revenue Growth2nd percentile

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

$500K$0-$500K-$1.0M-$1.5MRevenue 2013: $98,868Expenses 2013: $87,126Net Income 2013: $11,7422013Revenue 2014: $337,940Expenses 2014: $387,692Net Income 2014: -$49,7522014Revenue 2015: $272,872Expenses 2015: $331,549Net Income 2015: -$58,6772015Revenue 2016: $278,872Expenses 2016: $19,833Net Income 2016: $259,0392016Revenue 2017: $9,666Expenses 2017: $104,856Net Income 2017: -$95,1902017Revenue 2018: $1,805Expenses 2018: $1,394Net Income 2018: $4112018Revenue 2019: -$47,461Expenses 2019: $1,809Net Income 2019: -$49,2702019Revenue 2020: $9,181Expenses 2020: $5,378Net Income 2020: $3,8032020Revenue 2021: -$1,326,139Expenses 2021: $46,743Net Income 2021: -$1,372,8822021Revenue 2022: $429,786Expenses 2022: $251,406Net Income 2022: $178,3802022Revenue 2023: $97,330Expenses 2023: $262,697Net Income 2023: -$165,3672023Revenue 2024: $370,114Expenses 2024: $168,186Net Income 2024: $201,9282024

Highlighted filing

2023

Revenue$97,330
Expenses$262,697
Net Income-$165,367
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 13, 2024
Return Version
2023v5.1
Gross Receipts
$5,360,543
Mission and Program Overview

Mission

Engaging in the promotion of public awareness and education of improved methods in the diagnosis, treatment and cure of alzheimer's disease and other dementia disorders.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$482,433$398,532▼ $83,901
Cash and Non-Interest-Bearing Accounts$31,451$31,563▲ $112
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Investments Other Securities-$-107,590-
Rtn Earn Endowment Incm Other Fnds$-1,162,159$-1,327,526▼ $165,367
Total Assets$513,884$322,505▼ $191,379
Liabilities
Other Liabilities$1,676,043$1,650,031▼ $26,012
Total Liabilities$1,676,043$1,650,031▼ $26,012
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,162,159$-1,327,526▼ $165,367
Total Liabilities and Net Assets / Fund Balance$513,884$322,505▼ $191,379

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$398,532$188,778-
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
P Byron DefoorPresident
Ember SouchetAssistant Treasurer
Barry RaySecretary
Craig TaylorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kenneth GrossConcours Coordinator, Event Advisor,PO BOX 429, Purcellville, VA 20134$117,800
Revenue and Support

Revenue Composition

Contributions and Grants
$3,014,885
Program Service Revenue
$0
Investment Income
$1,790
Other Revenue
$-2,919,345
All Other Contributions
$2,263,796
Change in Net Assets
$-165,367

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$515,635CONTRIBUTOR'S COST B
Total Noncash Contributions1$515,635-

Audited Revenue Reconciliation

Revenue per Audited Statements
$97,330
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$5,370,803
Total Revenue per Audited Statements
$5,468,133
Total Revenue per Form 990
$97,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$262,697
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$45,568$45,568-$91,136
Depreciation Depletion$41,951$41,951-$83,902
Fees for Services Accounting$5,829$5,828-$11,657
Other Expenses$51$51-$102
Total Functional Expenses$131,349$131,348$0$262,697

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,525,910
Expenses Not Reported on Form 990$5,263,213
Expenses per Audited Statements$262,697
Total Expenses per Form 990$262,697
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,263,213
Fundraising Gross Income$734,096
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Chattanooga Motorcar Festival$1,485,185$734,096$4,668,691$-3,934,595
Total Events$1,485,185$734,096$5,263,213$-4,529,117
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
P Byron DefoorPresident of OrganizationHotel Spaces Rented and Consulting Services Provided by Companies Owned by P. Byron Defoor.No$464,065
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable - Commercial Bank$1,622,663
Bank Overdraft$27,368
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
Yes
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, Part VI, Section A, Line 2

“All members are partners in related partnerships.”

Form 990, Part VI, Section B, Line 11B

“Form 990 was reviewed by the board before filing.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Fifty Plus Foundation Inc
EIN
46-1279633
Phone
4234241845
Address
801 BROAD STREET SUITE 300, CHATTANOOGA, TN 37402

Signing Officer

Name
Craig Taylor
Title
Treasurer
Phone
4234241845
Signed
2024-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
P Byron Defoor
Formed
2012
Legal Domicile
Tn
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
250

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1200 MARKET STREET, CHATTANOOGA, TN 37402
Preparer
Kira Wheat CPA
Phone
4237567771
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“As of december 31, 2023, the organization has accrued no interest and no penalties related to uncertain tax positions.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising direct expenses netted with revenue on 990 5,263,213.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Fundraising direct expenses netted with revenue on 990 5,263,213.”

Raw XML AppendixShowing 400 of 424 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.

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IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE FIFTY PLUS RACING FOUNDATION HAS IN THE PAST MET THE PUBLIC SUPPORT TEST, BUT IN THE CURRENT AND PRIOR YEAR, THE AMOUNT OF CONTRIBUTIONS RECEIVED FROM THE PUBLIC HAS DECREASED DUE TO THE COVID-19 PANDEMIC. IN 2019, THE FOUNDATION BEGAN A NEW MAJOR, ANNUAL FUNDRAISING ENDEAVOR WITH THE CHATTANOOGA MOTORCAR FESTIVAL. DUE TO THE PANDEMIC, THE EVENT WAS CANCELED IN 2020, RESULTING IN A LOWER THAN USUAL AMOUNT OF PUBLIC SUPPORT. IN 2021, 2022 AND 2023, THE ORGANIZATION RECEIVED ITS PUBLIC SUPPORT FROM EVENT SPONSORSHIP FROM NUMEROUS UNRELATED INDIVIDUAL DONORS AND FUNDRAISING EVENT TICKET SALES FROM NUMEROUS UNRELATED MEMBERS OF THE PUBLIC. PRE-PANDEMIC, THE PUBLIC SUPPORT AMOUNTS WERE OVER 50%.THE PUBLIC SUPPORT PERCENTAGE IS EXPECTED TO RISE AGAIN IN FUTURE YEARS AS SOLICITATION OF CONTRIBUTIONS FROM THE PUBLIC INCREASE AS THE AREA RECOVERS FROM THE COVID-19 PANDEMIC AND THE FUNDRAISER BECOMES MORE ESTABLISHED. THE ORGANIZATION IS ALSO WORKING TO PARTNER WITH THE CITY OF CHATTANOOGA'S TOURISM PROGRAM AND OTHER CITY PROGRAMS TO DRAW AWARENESS TO THE FOUNDATION AND EVENT, AS WELL AS HIRING A PROFESSIONAL EVENT COMPANY TO OBTAIN ADDITIONAL AND LARGER SPONSORSHIPS AND DONATIONS TO THE FOUNDATION GOING FORWARD. IT HAS ALSO EXPANDED ITS ADVERTISING EFFORTS TO REACH OUT TO LOCAL MASSES AND TALK ABOUT THE UPCOMING EVENTS IN TOWN.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04734037
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03115791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02314031
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0419520
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01089909
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011673288
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02055811
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.28250
IRS990ScheduleA/PublicSupportPY170Pct00.15010
IRS990ScheduleA/PublicSupportTotal170Amt03297706
IRS990ScheduleA/SubstantialContributorsTotAmt08375582
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04734037
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03115791
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02314031
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0419520
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01089909
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011673288
IRS990ScheduleA/TotalSupportAmt011673288
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/ScheduleBRequiredInd01
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt077527
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt087549
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0165076
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0310108
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0350195
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0660303
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt0300
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt046298
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt046598
IRS990ScheduleC/GrassrootsCeilingAmt0247614
IRS990ScheduleC/LobbyingCeilingAmt0990455
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0LOBBYING TENNESSEE LEGISLATURE TO PASS LEGISLATION REGARDING ANTIQUE VEHICLE AUCTIONS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleD/EquipmentGrp/BookValueAmt0398532
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0188778
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0587310
IRS990ScheduleD/ExpensesNotReportedAmt05263213
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0262697
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0107590
IRS990ScheduleD/OtherExpensesIncludedAmt05263213
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01622663
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127368
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTE PAYABLE - COMMERCIAL BANK
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BANK OVERDRAFT
IRS990ScheduleD/OtherRevenueAmt05263213
IRS990ScheduleD/RevenueNotReportedAmt05370803
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt097330
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0AS OF DECEMBER 31, 2023, THE ORGANIZATION HAS ACCRUED NO INTEREST AND NO PENALTIES RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FUNDRAISING DIRECT EXPENSES NETTED WITH REVENUE ON 990 5,263,213.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDRAISING DIRECT EXPENSES NETTED WITH REVENUE ON 990 5,263,213.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0398532
IRS990ScheduleD/TotalExpensesPerForm990Amt0262697
IRS990ScheduleD/TotalLiabilityAmt01650031
IRS990ScheduleD/TotalRevenuePerForm990Amt097330
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05468133
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05525910
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0751089
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0751089
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt05263213
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CHATTANOOGA MOTORCAR FESTIVAL
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt092791
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt092791
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt01485185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt01485185
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0734096
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0734096
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4529117
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0445988
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0445988
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt04668691
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04668691
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt055743
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt055743
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0P BYRON DEFOOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT OF ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0464065
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0HOTEL SPACES RENTED AND CONSULTING SERVICES PROVIDED BY COMPANIES OWNED BY P. BYRON DEFOOR.
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt01
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0INTEREST IN 5.5 UNITS OF LIMITED PARTNERSHIP
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0CONTRIBUTOR'S COST B
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0515635
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL MEMBERS ARE PARTNERS IN RELATED PARTNERSHIPS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS REVIEWED BY THE BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0513884
IRS990/TotalAssetsEOYAmt0322505
IRS990/TotalAssetsGrp/BOYAmt0513884
IRS990/TotalAssetsGrp/EOYAmt0322505
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03014885
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0131348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0131349
IRS990/TotalFunctionalExpensesGrp/TotalAmt0262697
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01676043
IRS990/TotalLiabilitiesEOYAmt01650031
IRS990/TotalLiabilitiesGrp/BOYAmt01676043
IRS990/TotalLiabilitiesGrp/EOYAmt01650031
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1162159
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1327526
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0131349
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0-2917555
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt097330
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0250
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0513884
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0322505
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0801 BROAD STREET SUITE 300
IRS990/USAddress/CityNm0CHATTANOOGA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd037402
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0FIFTYPLUSFOUNDATION.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG TAYLOR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04234241845

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$322,505
Liabilities
$1,650,031
Net assets
-$1,327,526
Revenue
$97,330
Expenses
$262,697
Net income
-$165,367
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$1.36$1.06$0.37$0.17$0.20
2023Detailed filing. Detailed filing data is available for this year.$0.32$1.65$1.33$0.10$0.26$0.17
2022Detailed filing. Detailed filing data is available for this year.$0.51$1.68$1.16$0.43$0.25$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.67$2.01$1.34$1.33$0.05$1.37
2020Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.01$0.01$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.03$0.00$0.03$0.05$0.00$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.01$0.10$0.10
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.28$0.02$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.05$0.13$0.09$0.27$0.33$0.06
2014Summary only. Only limited summary data is available for this year.$0.01$0.04$0.03$0.34$0.39$0.05
2013Summary only. Only limited summary data is available for this year.$0.09$0.07$0.02$0.10$0.09$0.01