Civic Intelligence

Collegedale Tomorrow Foundation Inc.

990 • Fiscal year 2024 • EIN 46-3824536

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 16, 2025

PO Box 1670Collegedale, TN 37315-1670

(423) 664-3022

Siviq Scores

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

Liabilities / Assets

71st percentile

0.13x

Higher debt load relative to assets than 71% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.05x

Higher debt load relative to revenue than 61% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

14th percentile

-22%

Higher net margin than 14% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$116,117

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 19.0% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

5th percentile

-38%

Faster asset growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-5.0%

Faster revenue growth than 30% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$222,845

Down $137,671 (-38%) from 2023

Net Assets

Down

$194,200

Down $145,941 (-43%) from 2023

Liabilities

Up

$28,645

Up $8,270 (+41%) from 2023

Revenue

Down

$612,113

Down $32,211 (-5.0%) from 2023

Expenses

Up

$747,480

Up $294,573 (+65%) from 2023

Net Income

Down

-$135,367

Down $326,784 (-171%) from 2023

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 2014: $20,767Liabilities 2014: $0Net Assets 2014: $20,7672014Assets 2015: $96,895Liabilities 2015: $8962015Assets 2016: $343,890Liabilities 2016: $2,019Net Assets 2016: $341,8712016Assets 2017: $4,997,705Liabilities 2017: $483,529Net Assets 2017: $4,514,1762017Assets 2018: $3,800,475Liabilities 2018: $527,881Net Assets 2018: $3,272,5942018Assets 2019: $297,744Liabilities 2019: $13,903Net Assets 2019: $283,8412019Assets 2020: $1,158,088Liabilities 2020: $31,184Net Assets 2020: $1,126,9042020Assets 2021: $1,817,436Liabilities 2021: $308,002Net Assets 2021: $1,509,4342021Assets 2022: $156,864Liabilities 2022: $8,140Net Assets 2022: $148,7242022Assets 2023: $360,516Liabilities 2023: $20,375Net Assets 2023: $340,1412023Assets 2024: $222,845Liabilities 2024: $28,645Net Assets 2024: $194,2002024

Highlighted filing

2024

Assets$222,845
Liabilities$28,645
Net Assets$194,200

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2014: $50,002Expenses 2014: $29,235Net Income 2014: $20,7672014Revenue 2015: $142,004Expenses 2015: $66,772Net Income 2015: $75,2322015Revenue 2016: $449,522Expenses 2016: $203,650Net Income 2016: $245,8722016Revenue 2017: $4,361,541Expenses 2017: $189,235Net Income 2017: $4,172,3062017Revenue 2018: $2,436,502Expenses 2018: $3,678,084Net Income 2018: -$1,241,5822018Revenue 2019: $240,578Expenses 2019: $3,229,331Net Income 2019: -$2,988,7532019Revenue 2020: $1,433,742Expenses 2020: $590,679Net Income 2020: $843,0632020Revenue 2021: $696,804Expenses 2021: $314,274Net Income 2021: $382,5302021Revenue 2022: $495,924Expenses 2022: $1,856,634Net Income 2022: -$1,360,7102022Revenue 2023: $644,324Expenses 2023: $452,907Net Income 2023: $191,4172023Revenue 2024: $612,113Expenses 2024: $747,480Net Income 2024: -$135,3672024

Highlighted filing

2024

Revenue$612,113
Expenses$747,480
Net Income-$135,367
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 16, 2025
Return Version
2023v6.0
Gross Receipts
$612,113
Mission and Program Overview

Mission

Collegedale tomorrow is dedicated to ensuring collegedale future will be as rich in meaning and spirit as its past. The corporation will, in pursuit of this mission, foster and institute community preservation projects, develop or arrange the development of parks and greenways, arrange for the refurbishment, development or preservation of town commons and markets (collectively, the "community projects"), and otherwise manage such community projects and engage in community enhancement and support functions and all related activities.

Collegedale tomorrow is dedicated to ensuring collegedale's future will be as rich in meaning and spirit as its past. The foundation will, in pursuit of this mission, foster and institute community preservation projects, develop or arrange the development of parks and greenways, arrange for the refurbishment, development or preservation of town commons and markets(collectively, the "community projects"), and otherwise manage such community projects and engage in community enhancement and support functions and all related activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$167,665$173,040▲ $5,375
Savings and Temporary Cash Investments$137,323$25,468▼ $111,855
Cash and Non-Interest-Bearing Accounts$47,788$21,670▼ $26,118
Receivables From Officers Etc$7,740$2,667▼ $5,073
Total Assets$360,516$222,845▼ $137,671
Liabilities
Accounts Payable and Accrued Expenses$20,375$28,645▲ $8,270
Total Liabilities$20,375$28,645▲ $8,270
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$206,591$178,825▼ $27,766
Net Assets With Donor Restrictions$133,550$15,375▼ $118,175
Total Net Assets Fund Balance$340,141$194,200▼ $145,941
Total Liabilities and Net Assets / Fund Balance$360,516$222,845▼ $137,671

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$152,886$111,518$264,404
Land$12,000-$12,000
Buildings$8,154$411$8,565
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David BartoExecutive DiFT$116,117$116,117

Board Members and Trustees

NameTitle
Chris MckeePresident
Greg VitalDirector
Jack McclartyDirector
Jay JolleyDirector
Kevin WilsonDirector
Wayon HinesDirector
JAYME PLACE O'DONNELLSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$452,109
Program Service Revenue
$155,466
Investment Income
$502
Other Revenue
$4,036
All Other Contributions
$334,109
Change in Net Assets
$-135,367

Audited Revenue Reconciliation

Revenue per Audited Statements
$612,113
Total Revenue per Audited Statements
$612,113
Total Revenue per Form 990
$612,113
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$384,408
Salaries, Compensation, and Employee Benefits$363,072
Total Fundraising Expense$50,547
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$217,948--$217,948
Current Officers, Directors, Trustees, and Key Employees$42,253$42,253$42,253$126,759
Fees for Services Accounting$13,260$18,840-$32,100
Depreciation Depletion$22,154--$22,154
Payroll Taxes$18,365--$18,365
Occupancy$6,675$3,855-$10,530
Insurance-$9,004-$9,004
Conferences and Meetings$8,442--$8,442
Other Expenses$118,175$5,121$7,094$5,121
Advertising$2,300-$1,200$3,500
Office Expenses-$1,485-$1,485
All Other Expenses-$916-$916
Total Functional Expenses$615,459$81,474$50,547$747,480

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$747,480
Total Expenses per Audited Statements$747,480
Total Expenses per Form 990$747,480
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Aurelia BartoDaughterSee Attached Memo.No-
Leanne BartoSpouseSee Attached Memo.No-

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$7,740$2,667▼ $5,073
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
Yes
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 7A

The board of directors has the ability to elect or appoint members of the governing body.

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

The form 990 is presented to the board's members for approval. If there are no additional comments to address from the full board, the form 990 is considered to be approved.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents available upon request.

Filing and Contact Details

Filer

Filer Name
Collegedale Tomorrow Foundation Inc
EIN
46-3824536
Phone
4236643022
Address
PO BOX 1670, COLLEGEDALE, TN 37315-1670

Signing Officer

Name
David Barto
Title
Executive Director
Phone
4236643022
Signed
2025-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Barto
Formed
2013
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
7
Employees
18
Volunteers
15

Preparer

Firm
Carl E Shaw CPA Pllc
Address
220 3RD AVE W, HENDERSONVILLE, NC 28739
Preparer
Carl E Shaw CPA
Phone
8286987725
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Collegedale tomorrow is dedicated to ensuring collegedale's future will be as rich in meaning and spirit as its past. The foundation will, in pursuit of this mission, foster and institute community preservation projects, develop or arrange the development of parks and greenways, arrange for the refurbishment, development or preservation of town commons and markets(collectively, the "community projects"), and otherwise manage such community projects and engage in community enhancement and support functions and all related activities.

Form 990, Page 2, Part III, Line 4D

Collegedale commons - this project is dedicated to developing a central gathering complex for community events, which serves as a definitive focal point for the community. Within the commons complex and its surrounds, there are areas used for meetings, weddings, reunions, fitness classes and a children playground.

Financial Statement Notes

Schedule D, Page 3, Part X

Contributions to the foundation qualify for the charitable contribution deduction under section 170(b)(1)(a). The foundation has been classified as a publicly supported organization under section 509(a)(2). While the foundation is exempt from income tax under internal revenue code 501(c)(3), it would be subject to tax on income unrelated to its exempt purpose, unless that income is otherwise excluded by the code. The foundation has processes in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income; to determine its filing and tax obligations in jurisdictions for which it has nexus; and to identify and evaluate other matters that may be considered tax positions. The foundation has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements. Additionally, the foundation had no interest and penalties related to income taxes. Tax years ended june 30, 2022 through june 30, 2024 are open for examination by taxing authorities.

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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0111518
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONTRIBUTIONS TO THE FOUNDATION QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A). THE FOUNDATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A)(2). WHILE THE FOUNDATION IS EXEMPT FROM INCOME TAX UNDER INTERNAL REVENUE CODE 501(C)(3), IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. THE FOUNDATION HAS PROCESSES IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ADDITIONALLY, THE FOUNDATION HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. TAX YEARS ENDED JUNE 30, 2022 THROUGH JUNE 30, 2024 ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm1AURELIA BARTO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SPOUSE
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0SEE ATTACHED MEMO.
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1SEE ATTACHED MEMO.
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IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0PERSONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0DAVID BARTO - SALARY ADVANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0EXECUTIVE DIRECTOR
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IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0LEANNE BARTO, RESPONSIBLE FOR FACILITY RENTALS BEGINNING IN 2023, IS THE SPOUSE OF CTF'S EXECUTIVE DIRECTOR, DAVID BARTO. LEANNE RECEIVED 7,333 IN COMPENSATION IN CALENDAR 2023. AURELIA BARTO, DAVID AND LEANNE BARTO'S DAUGHTER RECEIVED 13,799 IN COMPENSATION IN CALENDAR 2023. AURELIA PROVIDES CLEANING SERVICES FOR THE FOUNDATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COLLEGEDALE TOMORROW IS DEDICATED TO ENSURING COLLEGEDALE'S FUTURE WILL BE AS RICH IN MEANING AND SPIRIT AS ITS PAST. THE FOUNDATION WILL, IN PURSUIT OF THIS MISSION, FOSTER AND INSTITUTE COMMUNITY PRESERVATION PROJECTS, DEVELOP OR ARRANGE THE DEVELOPMENT OF PARKS AND GREENWAYS, ARRANGE FOR THE REFURBISHMENT, DEVELOPMENT OR PRESERVATION OF TOWN COMMONS AND MARKETS(COLLECTIVELY, THE "COMMUNITY PROJECTS"), AND OTHERWISE MANAGE SUCH COMMUNITY PROJECTS AND ENGAGE IN COMMUNITY ENHANCEMENT AND SUPPORT FUNCTIONS AND ALL RELATED ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COLLEGEDALE COMMONS - THIS PROJECT IS DEDICATED TO DEVELOPING A CENTRAL GATHERING COMPLEX FOR COMMUNITY EVENTS, WHICH SERVES AS A DEFINITIVE FOCAL POINT FOR THE COMMUNITY. WITHIN THE COMMONS COMPLEX AND ITS SURROUNDS, THERE ARE AREAS USED FOR MEETINGS, WEDDINGS, REUNIONS, FITNESS CLASSES AND A CHILDREN PLAYGROUND.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS HAS THE ABILITY TO ELECT OR APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PRESENTED TO THE BOARD'S MEMBERS FOR APPROVAL. IF THERE ARE NO ADDITIONAL COMMENTS TO ADDRESS FROM THE FULL BOARD, THE FORM 990 IS CONSIDERED TO BE APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID BARTO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04236643022
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COLLEGEDALE TOMORROW FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0COLL

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