Civic Intelligence

Memorial Foundation Inc.

990 • Fiscal year 2017 • EIN 62-1202302

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

Organization ProfileWWW.MEMFOUNDATION.ORG

View Organization Page

100 Bluegrass Commons Blvd No 320Hendersonville, TN 37075

(615) 822-9499

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.12x

Higher debt load relative to revenue than 16% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

2nd percentile

-73%

Higher net margin than 2% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

29th percentile

$318,539

Higher top officer pay than 29% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

54th percentile

6.9%

Faster asset growth than 54% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

81st percentile

22%

Faster revenue growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$143,267,692

Up $9,228,393 (+6.9%) from 2016

Net Assets

Up

$142,668,506

Up $9,059,734 (+6.8%) from 2016

Liabilities

Up

$599,186

Up $168,659 (+39%) from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin2nd percentile

Revenue

Up

$4,832,484

Up $882,909 (+22%) from 2016

Expenses

Up

$8,372,392

Up $580,477 (+7.4%) from 2016

Net Income

Up

-$3,539,908

Up $302,432 (+7.9%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth54th percentile

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

$200M$150M$100M$50M$0Assets 2011: $139,648,607Liabilities 2011: $1,954,112Net Assets 2011: $137,694,4952011Assets 2012: $142,774,767Liabilities 2012: $1,084,091Net Assets 2012: $141,690,6762012Assets 2013: $150,975,285Liabilities 2013: $1,309,535Net Assets 2013: $149,665,7502013Assets 2014: $146,960,097Liabilities 2014: $1,081,053Net Assets 2014: $145,879,0442014Assets 2015: $134,599,024Liabilities 2015: $1,197,119Net Assets 2015: $133,401,9052015Assets 2016: $134,039,299Liabilities 2016: $430,527Net Assets 2016: $133,608,7722016Assets 2017: $143,267,692Liabilities 2017: $599,186Net Assets 2017: $142,668,5062017Assets 2018: $129,549,973Liabilities 2018: $677,091Net Assets 2018: $128,872,8822018Assets 2019: $137,679,502Liabilities 2019: $379,897Net Assets 2019: $137,299,6052019Assets 2020: $135,627,067Liabilities 2020: $275,739Net Assets 2020: $135,351,3282020Assets 2021: $144,950,295Liabilities 2021: $1,093,764Net Assets 2021: $143,856,5312021Assets 2022: $128,755,477Liabilities 2022: $842,402Net Assets 2022: $127,913,0752022Assets 2023: $136,429,313Liabilities 2023: $1,072,609Net Assets 2023: $135,356,7042023Assets 2024: $135,065,021Liabilities 2024: $755,191Net Assets 2024: $134,309,8302024

Highlighted filing

2017

Assets$143,267,692
Liabilities$599,186
Net Assets$142,668,506
Open 2017 Filing

Operations Trend

Revenue Growth81st percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $3,453,848Expenses 2011: $8,799,842Net Income 2011: -$5,345,9942011Revenue 2012: $9,046,358Expenses 2012: $9,055,788Net Income 2012: -$9,4302012Revenue 2013: $8,154,798Expenses 2013: $10,356,570Net Income 2013: -$2,201,7722013Revenue 2014: $11,656,343Expenses 2014: $9,609,832Net Income 2014: $2,046,5112014Revenue 2015: $8,480,111Expenses 2015: $10,556,722Net Income 2015: -$2,076,6112015Revenue 2016: $3,949,575Expenses 2016: $7,791,915Net Income 2016: -$3,842,3402016Revenue 2017: $4,832,484Expenses 2017: $8,372,392Net Income 2017: -$3,539,9082017Revenue 2018: $6,898,885Expenses 2018: $8,330,485Net Income 2018: -$1,431,6002018Revenue 2019: $4,807,992Expenses 2019: $7,795,258Net Income 2019: -$2,987,2662019Revenue 2020: $4,079,307Expenses 2020: $7,767,924Net Income 2020: -$3,688,6172020Revenue 2021: $26,657,914Expenses 2021: $8,897,845Net Income 2021: $17,760,0692021Revenue 2022: $10,339,105Expenses 2022: $8,664,985Net Income 2022: $1,674,1202022Revenue 2023: $7,865,401Expenses 2023: $7,278,328Net Income 2023: $587,0732023Revenue 2024: $5,276,337Expenses 2024: $6,348,865Net Income 2024: -$1,072,5282024

Highlighted filing

2017

Revenue$4,832,484
Expenses$8,372,392
Net Income-$3,539,908
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$15,818,547
Mission and Program Overview

Mission

The memorial foundation mission is to improve the quality of life for people through support to nonprofit organizations. The foundation responds to diverse community needs, assisting agencies that focus on: health, human and social services, education, senior citizens, youth and children, community services, and substance abuse programs.

The memorial foundation's mission is to improve the quality of life for people through support to nonprofit organizations. The foundation responds to diverse community needs, assisting agencies that focus on: health, human and social services, education, senior citizens, youth and children, community services, and substance abuse programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$76,816,641$81,080,604▲ $4,263,963
Investments Other Securities$39,240,558$39,619,019▲ $378,461
Cash and Non-Interest-Bearing Accounts$6,741,926$11,650,833▲ $4,908,907
Land, Buildings, and Equipment, Net$8,837,292$8,549,264▼ $288,028
Savings and Temporary Cash Investments$2,308,594$2,304,244▼ $4,350
Prepaid Expenses and Deferred Charges$94,288$63,728▼ $30,560
Total Assets$134,039,299$143,267,692▲ $9,228,393
Liabilities
Grants Payable$200,000$383,000▲ $183,000
Other Liabilities$217,372$210,201▼ $7,171
Accounts Payable and Accrued Expenses$13,155$5,985▼ $7,170
Total Liabilities$430,527$599,186▲ $168,659
Net Assets / Fund Balance
Unrestricted Net Assets$131,707,336$140,592,616▲ $8,885,280
Temporarily Rstr Net Assets$1,901,436$2,075,890▲ $174,454
Total Net Assets Fund Balance$133,608,772$142,668,506▲ $9,059,734
Total Liabilities and Net Assets / Fund Balance$134,039,299$143,267,692▲ $9,228,393

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,785,298$5,378,750$13,164,048
Land$734,758-$734,758
Equipment$29,208$152,052$181,260
Other Securities$39,619,019--
Compensation and Service Providers
Top Officer Pay29th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott PerryPresidentFT$266,440$52,099$318,539
Jackson RouthVice President - ProgramsFT$139,569$28,780$168,349
Judy MillikenVice President of FinanceFT$92,290$32,185$124,475

Board Members and Trustees

NameTitle
Alfonzo AlexanderDirector
Alice I HookerDirector
Beth LittleDirector
Charles W FentressDirector
David E Mckee MdDirector
Drew R Maddux SrDirector
Eddie PhillipsDirector
Frank GordonDirector
Frank Grace JrDirector
Frank M BumsteadDirector
George C Paine IiDirector
J Edward PearsonDirector
Jo SandersDirector
Julie B Williams Ed DDirector
S Fleming WiltDirector
Varina F BuntinDirector
Virginia Pupo-walkerDirector
William P PuryearDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$840,595
Program Service Revenue
$0
Investment Income
$3,432,746
Other Revenue
$559,143
All Other Contributions
$59
Change in Net Assets
$-3,539,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$6,304,688
Other Expenses$1,251,051
Salaries, Compensation, and Employee Benefits$816,653
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$6,304,688--$6,304,688
Fees for Service Investment Mgmnt Fees$1,053,102--$1,053,102
Current Officers, Directors, Trustees, and Key Employees$567,062$44,301-$611,363
Other Salaries and Wages$117,261$12,781-$130,042
Occupancy-$78,488-$78,488
Payroll Taxes$35,587$2,255-$37,842
Fees for Services Other$23,630$2,626-$26,256
Other Employee Benefits$19,246$4,560-$23,806
Insurance$18,524$2,058-$20,582
Fees for Services Accounting$17,820$1,980-$19,800
Conferences and Meetings$15,548$1,727-$17,275
Information Technology$12,337$1,371-$13,708
Pension Plan Contributions$10,485$3,115-$13,600
Office Expenses$7,665$852-$8,517
Depreciation Depletion$5,577$620-$6,197
Other Expenses$396$44-$440
Total Functional Expenses$8,214,945$157,447$0$8,372,392
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fiftyforward Madison StationMadison, TN501(c)(3)To Further Exempt Purposes$200,000
FAMILY & CHILDREN'S SERVICENashville, TN501(c)(3)To Further Exempt Purposes$175,000
MONROE CARELL JR CHILDREN'S HOSPITAL AT VANDERBILTNashville, TN501(c)(3)To Further Exempt Purposes$140,000
Fiftyforward Madison StationMadison, TN501(c)(3)To Further Exempt Purposes$130,000
Adventure Science Center NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Fellowship of Christian AthletesNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Habitat for Humanity of Greater NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Operation Stand Down TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Sexual Assault CenterNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Stars NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$100,000
The Next DoorNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Ywca Nashville and Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$80,000
Interfaith Dental ClinicNashville, TN501(c)(3)To Further Exempt Purposes$77,000
Mcneilly Center for ChildrenNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Nashville Public Education FoundationNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Siloam HealthNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Teach for America-greater NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Ymca of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Men of ValorNashville, TN501(c)(3)To Further Exempt Purposes$70,000
Center for Nonprofit ManagementNashville, TN501(c)(3)To Further Exempt Purposes$66,000
Nashville Public TelevisionNashville, TN501(c)(3)To Further Exempt Purposes$65,000
ABE'S GARDENNashville, TN501(c)(3)To Further Exempt Purposes$63,000
Junior Achievement of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$60,000
Project ReturnNashville, TN501(c)(3)To Further Exempt Purposes$60,000
Salvation Army-nashville Area CommandNashville, TN501(c)(3)To Further Exempt Purposes$60,000
Nashville Public Library FoundationNashville, TN501(c)(3)To Further Exempt Purposes$58,000
KING'S DAUGHTERS CHILD DEVELOPMENT CENTER CO KING'S DAUGHTERS DAY HOMEMadison, TN501(c)(3)To Further Exempt Purposes$55,000
MARTHA O'BRYAN CENTERNashville, TN501(c)(3)To Further Exempt Purposes$55,000
American Red Cross-nashville Area ChapterNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Big Brothers Big Sisters of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Boys & Girls Clubs of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Conexion AmericasNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Faith Family Medical CenterNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Goodwill Industries of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$50,000
MARY'S MAGICAL PLACEHendersonville, TN501(c)(3)To Further Exempt Purposes$50,000
Morning Star SanctuaryMadison, TN501(c)(3)To Further Exempt Purposes$50,000
Oasis CenterNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Second Harvest Food Bank of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Sexual Assault CenterNashville, TN501(c)(3)To Further Exempt Purposes$50,000
AgapeNashville, TN501(c)(3)To Further Exempt Purposes$45,000
Alive HospiceNashville, TN501(c)(3)To Further Exempt Purposes$45,000
Gallatin Shalom ZoneGallatin, TN501(c)(3)To Further Exempt Purposes$45,000
NASHVILLE CHILDREN'S ALLIANCENashville, TN501(c)(3)To Further Exempt Purposes$45,000
Nashville Chamber Public Benefit FoundationNashville, TN501(c)(3)To Further Exempt Purposes$45,000
Welcome Home MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$45,000
Hands on NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$42,500
Boy Scouts of America Middle Tennessee CouncilNashville, TN501(c)(3)To Further Exempt Purposes$40,000
FAMILY & CHILDREN'S SERVICENashville, TN501(c)(3)To Further Exempt Purposes$40,000
GILDA'S CLUB MIDDLE TENNESSEENashville, TN501(c)(3)To Further Exempt Purposes$40,000
Grace Place MinistryHendersonville, TN501(c)(3)To Further Exempt Purposes$40,000
Mending HeartsNashville, TN501(c)(3)To Further Exempt Purposes$40,000
Nashville Food ProjectNashville, TN501(c)(3)To Further Exempt Purposes$40,000
Room in the InnNashville, TN501(c)(3)To Further Exempt Purposes$40,000
Salvus CenterGallatin, TN501(c)(3)To Further Exempt Purposes$40,000
Thistle FarmsNashville, TN501(c)(3)To Further Exempt Purposes$40,000
Youth VillagesNashville, TN501(c)(3)To Further Exempt Purposes$40,000
100 Black Men of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Girl Scouts of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Gordon Jewish Community CenterNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Hope Clinic for WomenNashville, TN501(c)(3)To Further Exempt Purposes$35,000
NASHVILLE CHILDREN'S THEATRENashville, TN501(c)(3)To Further Exempt Purposes$35,000
Nashville International Center for EmpowermentNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Salama Urban MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Youth Encouragement ServicesNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Songs for SoundNashville, TN501(c)(3)To Further Exempt Purposes$32,500
Building Lives FoundationFranklin, TN501(c)(3)To Further Exempt Purposes$32,000
The Edison SchoolGallatin, TN501(c)(3)To Further Exempt Purposes$31,000
Begin AnewNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Bethlehem Centers of NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Byrum-porter Senior CenterOrlinda, TN501(c)(3)To Further Exempt Purposes$30,000
Casa NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Children Are PeopleGallatin, TN501(c)(3)To Further Exempt Purposes$30,000
Creating an Environment of SuccessNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Fannie Battle Day Home for ChildrenNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Frist Center for the Visual ArtsNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Goodpasture Christian SchoolMadison, TN501(c)(3)To Further Exempt Purposes$30,000
Jason FoundationHendersonville, TN501(c)(3)To Further Exempt Purposes$30,000
Make-a-wish Foundation of Middle TennesseeBrentwood, TN501(c)(3)To Further Exempt Purposes$30,000
Nashville Opportunities Industrialization CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Nashville Symphony AssociationNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Park CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Rocketown of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$30,000
ST LUKE'S COMMUNITY HOUSENashville, TN501(c)(3)To Further Exempt Purposes$30,000
Tennessee Justice CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
The New Beginnings CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Youth Life Foundation of TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Communities in Schools of TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Cumberland Crisis Pregnancy CenterHendersonville, TN501(c)(3)To Further Exempt Purposes$25,000
DismasNashville, TN501(c)(3)To Further Exempt Purposes$25,000
End Slavery TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Greater Faith Community Action CorporationSpringfield, TN501(c)(3)To Further Exempt Purposes$25,000
Imagination Library of Middle Tennessee Co United Way of Metropolitan NashNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Insight Counseling CentersNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Mental Health America of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Monroe HardingNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Nashville Adult Literacy CouncilNashville, TN501(c)(3)To Further Exempt Purposes$25,000
National Museum of African American MusicNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Needlink NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Our KidsNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Project Transformation TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Renewal HouseNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Senior Ride Nashville IncNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Tennessee Medical FoundationBrentwood, TN501(c)(3)To Further Exempt Purposes$25,000
The Harpeth Hall SchoolNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Wayne Reed Christian Childcare CenterNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Pope John Paul Ii High SchoolHendersonville, TN501(c)(3)To Further Exempt Purposes$23,000
Easter Seals TennesseeBrentwood, TN501(c)(3)To Further Exempt Purposes$22,500
ASHLEY'S PLACEGallatin, TN501(c)(3)To Further Exempt Purposes$20,000
Bridges for the Deaf and Hard of Hearing Co Hearing BridgesNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Country Music Hall of Fame and MuseumNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Music for SeniorsNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Nasba Center for the Public TrustNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Nashville Conflict Resolution CenterNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Nashville OperaNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Nashville Youth for ChristNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Tennessee Kidney FoundationNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Tennessee Performing Arts CenterNashville, TN501(c)(3)To Further Exempt Purposes$20,000
GivingmatterscomNashville, TN501(c)(3)To Further Exempt Purposes$17,500
Cottage Cove Urban MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$15,500
Achilles International - Nashville ChapterNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Angel Heart FarmNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Christian Cooperative MinistryMadison, TN501(c)(3)To Further Exempt Purposes$15,000
Community Resource CenterNashville, TN501(c)(3)To Further Exempt Purposes$15,000
ELIJAH'S HEARTNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Equal Chance for EducationNashville, TN501(c)(3)To Further Exempt Purposes$15,000
First StepsNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Gallatin Day Care CenterGallatin, TN501(c)(3)To Further Exempt Purposes$15,000
Habitat for Humanity of Greater NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Homework HotlineNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Land Trust for TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Lead Public SchoolsNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Nashville BalletNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Nashville BalletNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Pencil FoundationNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Rooftop NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Saint Thomas Health FoundationNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Sumner County CasaGallatin, TN501(c)(3)To Further Exempt Purposes$15,000
Tennessee Justice for Our NeighborsNashville, TN501(c)(3)To Further Exempt Purposes$15,000
The Bridge MinistryGoodlettsville, TN501(c)(3)To Further Exempt Purposes$15,000
The Conservancy for the Parthenon and Centennial ParkNashville, TN501(c)(3)To Further Exempt Purposes$15,000
University School of NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Young Life CapernaumNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Able YouthFranklin, TN501(c)(3)To Further Exempt Purposes$12,000
Nashville Public Education FoundationNashville, TN501(c)(3)To Further Exempt Purposes$12,000
Gallatin Child Care CenterGallatin, TN501(c)(3)To Further Exempt Purposes$11,950
A SOLDIER'S CHILDMurfreesboro, TN501(c)(3)To Further Exempt Purposes$10,000
Cable FoundationNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Council on Aging of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Decisions Choices & OptionsHendersonville, TN501(c)(3)To Further Exempt Purposes$10,000
Humanities TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Lipscomb UniversityNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Nashville Repertory TheatreNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Pencil FoundationNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Prevent Child Abuse TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Project ConnectMadison, TN501(c)(3)To Further Exempt Purposes$10,000
Rock the Street Wall StreetNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Saddle UpFranklin, TN501(c)(3)To Further Exempt Purposes$10,000
Tennessee Environmental CouncilNashville, TN501(c)(3)To Further Exempt Purposes$10,000
The Big Payback Middle Tennessee Co the Community Foundation of Middle TenNashville, TN501(c)(3)To Further Exempt Purposes$10,000
The ContributorNashville, TN501(c)(3)To Further Exempt Purposes$10,000
United Cerebral Palsy of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$10,000
VETERAN'S PATHMt Juliet, TN501(c)(3)To Further Exempt Purposes$10,000
Valor Collegiate AcademiesNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Sumner County Historical SocietyGallatin, TN501(c)(3)To Further Exempt Purposes$9,000
East Nashville Hope ExchangeNashville, TN501(c)(3)To Further Exempt Purposes$8,000
Literacy Council of Middle TennesseeHendersonville, TN501(c)(3)To Further Exempt Purposes$7,500
Madison Tigers Youth SportsMadison, TN501(c)(3)To Further Exempt Purposes$7,500
Recovery Court of Sumner County Inc Co Sumner County Drug CourtGallatin, TN501(c)(3)To Further Exempt Purposes$7,500
Stokes Brown Public LibrarySpringfield, TN501(c)(3)To Further Exempt Purposes$7,500
Tennessee Senior OlympicsMt Juliet, TN501(c)(3)To Further Exempt Purposes$7,500
Skyline AuxiliaryNashville, TN501(c)(3)To Further Exempt Purposes$7,000
Friends in GeneralNashville, TN501(c)(3)To Further Exempt Purposes$6,000
Hendersonville Young LifeHendersonville, TN501(c)(3)To Further Exempt Purposes$6,000
Sumner Teen CenterGallatin, TN501(c)(3)To Further Exempt Purposes$6,000
Tennessee Historical SocietyNashville, TN501(c)(3)To Further Exempt Purposes$6,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Investment Fees$156,874
Security Deposit Payable$53,327
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The 990 is reviewed by the finance and investment committee of the board of directors prior to its filing and the filed form 990 is made available to each member for review. If board members have questions, they are brought to the attention of the finance and investment committee at the next scheduled board meeting.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy is reviewed annually and a conflict of interest form is signed at each committee meeting if it applies to any grants that are being considered.”

Form 990, Part VI, Section B, Line 15

“The executive committee reviews the ceo's performance and then the ceo will receive the same percent of compensation increase as the organization's employees. The compensation of other officers or key employees of the organization is determined after a performance review by the ceo.”

Form 990, Part VI, Section C, Line 19

“The confict of interest, governing documents, and financial statements are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
The Memorial Foundation
EIN
62-1202302
Phone
6158229499
Address
100 BLUEGRASS COMMONS BLVD NO 320, HENDERSONVILLE, TN 37075

Signing Officer

Name
Scott Perry
Title
President
Phone
6158229499
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Perry
Formed
1994
Legal Domicile
Tn
Voting Board Members
18
Independent Board Members
18
Employees
5
Volunteers
0

Preparer

Firm
Kraftcpas Pllc
Address
555 GREAT CIRCLE ROAD, NASHVILLE, TN 37228
Preparer
Ken Youngstead
Phone
6152427351
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE #2C:

“The organization's review process or selection process of audited financial statements did not change from prior year.”

Financial Statement Notes

PART X, LINE 2:

“Management performs an evaluation of all income tax positions taken or expected to be taken in the course of preparing the foundation's income tax returns to determine whether the income tax positions meet a "more likely than not" standard of being sustained under examination by the applicable taxing authorities. Management has performed its evaluation of all income tax positions taken on all open income tax returns and has determined that there were no positions taken that do not meet the "more likely than not" standard. Accordingly, there were no provisions for income taxes, penalties or interest receivable or payable relating to uncertain income tax positions.”

Raw XML AppendixShowing 400 of 2,169 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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IRS990/RentalIncomeOrLossGrp/RealAmt0559143
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02308594
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02304244
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE MEMORIAL FOUNDATION (THE "FOUNDATION") IS A PUBLICLY SUPPORTED ORGANIZATION WITHIN THE MEANING OF I.R.C. 170(B)(1)(A)(VI). WHILE THE FOUNDATION DID NOT REACH THE 33% PERCENT PUBLIC SUPPORT TEST UNDER TREASURY REGULATIONS 1.170A-9(E)(2) FOR 2017, IT DID SATISFY THE FACTS AND CIRCUMSTANCES TEST UNDER TREASURY REGULATIONS 1.170A-9(E)(3). FOR YEARS 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 AND 2017, THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE WAS, 29.0282%, 21.0607%, 16.7969%, 16.7168%, 19.1934%, 15.7396%, 18.8531%, 22.1730%, 23.0085%, 23.6910%, 25.0989%, 24.3902%, 22.6562%, 22.3416% AND 20.5434% RESPECTIVELY. ALTHOUGH EACH YEAR IT IS BELOW 33% PERCENT, THEY STILL GREATLY EXCEED THE MINIMUM 10 PERCENT OF PUBLIC SUPPORT REQUIRED UNDER THE FACTS AND CIRCUMSTANCES TEST. DESPITE THE LOWER PUBLIC SUPPORT PERCENTAGE, IT IS EXPECTED THAT FOR 2015 AND THE YEARS FOLLOWING, THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE WILL EQUAL OR EXCEED 10 PERCENT AS RESULT OF ADDITIONAL CONTRIBUTIONS. FOR ALL YEARS PRIOR TO 2001, THE FOUNDATION EASILY MET THE 33% PERCENT PUBLIC SUPPORT TEST. THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE HAS DECREASED EACH YEAR BECAUSE A HIGH PERCENTAGE OF ITS SUPPORT CAME FROM INVESTMENT INCOME ON ENDOWMENT FUNDS. THESE ENDOWMENT FUNDS WERE CONTRIBUTED BY NASHVILLE MEMORIAL HOSPITAL, INC., A TENNESSEE NON-PROFIT HOSPITAL THAT IS TAX-EXEMPT UNDER I.R.C. 501(C)(3) ("THE HOSPITAL"). THE HOSPITAL CONTRIBUTED THE FUNDS TO THE FOUNDATION, WITH THE APPROVAL OF THE ATTORNEY GENERAL OF THE STATE OF TENNESSEE, IN CONNECTION WITH ITS DISSOLUTION. THE FOUNDATION WAS NOT FUNDED BY A SMALL GROUP OF INDIVIDUALS, AND, IN FACT, NO DISQUALIFIED PERSONS HAVE CONTRIBUTED TO THE FOUNDATION. THE FOUNDATION RECEIVES CONTRIBUTIONS FROM THE HOSPITAL, AND WILL CONTINUE TO DO SO AS THE HOSPITAL COMPLETES ITS DISSOLUTION PROCESS AND IS ABLE TO TRANSFER FUNDS THAT ARE NO LONGER RESTRICTED FOR LEGAL AND LIABILITY PURPOSES. SINCE FORMATION, THE FOUNDATION HAS BEEN GOVERNED BY A LARGE BLUE-RIBBON BOARD OF TRUSTEES (THE "BOARD"). THE BOARD CURRENTLY CONSISTS OF EIGHTEEN PROMINENT COMMUNITY AND CIVIC LEADERS THAT REPRESENT A BROAD CROSS-SECTION OF THE VIEWS AND INTERESTS OF THE PUBLIC. THESE INDIVIDUAL HAVE DEMONSTRATED EXPERIENCE IN CIVIC AND CHARITABLE CAUSES AND HAVE KNOWLEDGE OF BUSINESS AFFAIRS THAT ARE REQUIRED TO EFFECTUATE THE CHARITABLE PURPOSES OF THE FOUNDATION. THE BOARD MEMBERS ARE NOT COMPENSATED FOR THEIR SERVICES. DURING 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 AND 2017, AT THE DIRECTION AND UNDER THE SUPERVISION OF THE BOARD, THE FOUNDATION PROVIDED $3,779,790, $6,635,647, $7,443,418, $7,933,005, $11,255,052, 5,688,457, $6,542,944, $8,125,024, $6,632,511, $6,772,953, $6,363,074, $6,384,618, $7,851,732, $5,664,650 AND $6,304,688 RESPECTIVELY, IN GRANTS AND CHARITABLE CONTRIBUTIONS TO APPROXIMATELY 200 CHARITABLE ORGANIZATIONS LOCATED THROUGHOUT MIDDLE TENNESSEE EACH YEAR. MANY OF THESE ORGANIZATIONS RELY HEAVILY ON THE FOUNDATION FOR FUNDING. BECAUSE THE FOUNDATION DISPERSES FUNDS TO NUMEROUS COMMUNITY ORGANIZATIONS WITH A WIDE-VARIETY OF CHARITABLE PURPOSES, IT ATTRACTS ATTENTION FROM THE GENERAL PUBLIC, INCREASING NOT ONLY THE PUBLIC'S AWARENESS OF THE FOUNDATION, BUT ALSO OF THESE RECIPIENT ORGANIZATIONS. THIS AWARENESS AND GOODWILL IN THE COMMUNITY WILL BENEFIT THE FOUNDATION IF IT ESTABLISHES ADDITIONAL FUND-RAISING ACTIVITIES IN THE FUTURE. BASED ON ALL THE FACTS AND CIRCUMSTANCES DESCRIBED ABOVE, THE FOUNDATION SHOULD CONTINUE TO QUALIFY AS A PUBLICLY SUPPORTED ORGANIZATION UNDER TREASURY REGULATIONS 1.170A-9(E)(3).
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, SECTION C, 17A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0840536
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01121389
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01248439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01232776
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03850246
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03669509
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04858462
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04984000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt04471157
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021833374
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.20540
IRS990ScheduleA/PublicSupportPY170Pct00.22340
IRS990ScheduleA/PublicSupportTotal170Amt05643140
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01121389
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01248439
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01232776
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05643140
IRS990ScheduleA/TotalSupportAmt027476514
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07785298
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05378750
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt013164048
IRS990ScheduleD/EquipmentGrp/BookValueAmt029208
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0152052
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0181260
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0734758

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$143,267,692
Liabilities
$599,186
Net assets
$142,668,506
Revenue
$4,832,484
Expenses
$8,372,392
Net income
-$3,539,908
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$135$0.76$134$5.28$6.35$1.07
2023Detailed filing. Detailed filing data is available for this year.$136$1.07$135$7.87$7.28$0.59
2022Detailed filing. Detailed filing data is available for this year.$129$0.84$128$10.3$8.66$1.67
2021Detailed filing. Detailed filing data is available for this year.$145$1.09$144$26.7$8.90$17.8
2020Detailed filing. Detailed filing data is available for this year.$136$0.28$135$4.08$7.77$3.69
2019Detailed filing. Detailed filing data is available for this year.$138$0.38$137$4.81$7.80$2.99
2018Detailed filing. Detailed filing data is available for this year.$130$0.68$129$6.90$8.33$1.43
2017Detailed filing. Detailed filing data is available for this year.$143$0.60$143$4.83$8.37$3.54
2016Detailed filing. Detailed filing data is available for this year.$134$0.43$134$3.95$7.79$3.84
2015Detailed filing. Detailed filing data is available for this year.$135$1.20$133$8.48$10.6$2.08
2014Detailed filing. Detailed filing data is available for this year.$147$1.08$146$11.7$9.61$2.05
2013Summary only. Only limited summary data is available for this year.$151$1.31$150$8.15$10.4$2.20
2012Summary only. Only limited summary data is available for this year.$143$1.08$142$9.05$9.06$0.01
2011Summary only. Only limited summary data is available for this year.$140$1.95$138$3.45$8.80$5.35