Civic Intelligence

Memorial Foundation Inc.

990 • Fiscal year 2020 • EIN 62-1202302

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 31, 2021

Organization ProfileWWW.MEMFOUNDATION.ORG

View Organization Page

100 Bluegrass Commons Blvd No 32Hendersonville, 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.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

10th percentile

0.07x

Higher debt load relative to revenue than 10% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Net Margin

3rd percentile

-90%

Higher net margin than 3% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

33rd percentile

$342,513

Higher top officer pay than 33% of similar nonprofits.

Top officer pay equals 8.4% of source-year revenue.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2020

Asset Growth

20th percentile

-1.5%

Faster asset growth than 20% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets5th percentile

Assets

Down

$135,627,067

Down $2,052,435 (-1.5%) from 2019

Net Assets

Down

$135,351,328

Down $1,948,277 (-1.4%) from 2019

Liabilities

Down

$275,739

Down $104,158 (-27%) from 2019

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin3rd percentile

Revenue

Down

$4,079,307

Down $728,685 (-15%) from 2019

Expenses

Down

$7,767,924

Down $27,334 (-0.4%) from 2019

Net Income

Down

-$3,688,617

Down $701,351 (-23%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth20th 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

2020

Assets$135,627,067
Liabilities$275,739
Net Assets$135,351,328
Open 2020 Filing

Operations Trend

Revenue Growth18th 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

2020

Revenue$4,079,307
Expenses$7,767,924
Net Income-$3,688,617
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 31, 2021
Return Version
2020v4.1
Gross Receipts
$9,308,086
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.

Improve the quality of life for people through support of nonprofit organizations.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$79,830,322$81,511,851▲ $1,681,529
Investments Other Securities$38,749,847$36,862,838▼ $1,887,009
Land, Buildings, and Equipment, Net$8,544,259$8,251,874▼ $292,385
Cash and Non-Interest-Bearing Accounts$2,755,235$6,148,735▲ $3,393,500
Savings and Temporary Cash Investments$7,508,904$2,592,612▼ $4,916,292
Prepaid Expenses and Deferred Charges$192,594$154,904▼ $37,690
Accounts Receivable$98,341$104,253▲ $5,912
Total Assets$137,679,502$135,627,067▼ $2,052,435
Liabilities
Other Liabilities$194,652$204,930▲ $10,278
Grants Payable$180,000$70,000▼ $110,000
Accounts Payable and Accrued Expenses$5,245$809▼ $4,436
Total Liabilities$379,897$275,739▼ $104,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$135,012,530$132,797,785▼ $2,214,745
Net Assets With Donor Restrictions$2,287,075$2,553,543▲ $266,468
Total Net Assets Fund Balance$137,299,605$135,351,328▼ $1,948,277
Total Liabilities and Net Assets / Fund Balance$137,679,502$135,627,067▼ $2,052,435

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,495,206$6,412,915$13,908,121
Land$734,758-$734,758
Equipment$21,910$151,673$173,583
Other Securities$33,151,587--
Compensation and Service Providers
Top Officer Pay33rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott PerryPresidentFT$285,960$56,553$342,513
Jackson RouthVice President, Programs and GrantsFT$159,167$42,043$201,210
Judy MillikenVice President, FinanceFT$84,993$39,591$124,584

Board Members and Trustees

NameTitle
Frank Grace JrDirector - Chair
Frank M BumsteadDirector - Vice Chair
Alfonzo AlexanderDirector
Allison DemarcusDirector
Barbara SpringerDirector
Beth LittleDirector
Charles W FentressDirector
David E Mckee MdDirector
Drew R Maddux SrDirector
Fleming WiltDirector
Frank GordonDirector
H Eddie PhillipsDirector
J Edward PearsonDirector
Jo SandersDirector
Michele Williams MdDirector
Varina F BuntinDirector
Virginia Pupo-walkerDirector
William P PuryearDirector - Emeritus
George C Paine IiDirector - Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Dyer ConstructionConstruction1045 C AVONDALE RD, Hendersonville, TN 37075$106,198
Revenue and Support

Revenue Composition

Contributions and Grants
$1,509
Program Service Revenue
$0
Investment Income
$3,440,735
Other Revenue
$637,063
All Other Contributions
$1,509
Change in Net Assets
$-3,688,617
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,861,150
Other Expenses$1,027,611
Salaries, Compensation, and Employee Benefits$879,163
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,861,150--$5,861,150
Fees for Service Investment Mgmnt Fees$875,534--$875,534
Current Officers, Directors, Trustees, and Key Employees$621,597$46,710-$668,307
Other Salaries and Wages$120,634$649-$121,283
Fees for Services Other$39,875$4,431-$44,306
Other Employee Benefits$31,984$7,099-$39,083
Payroll Taxes$36,087$1,921-$38,008
Fees for Services Accounting-$26,600-$26,600
Insurance$20,783$2,309-$23,092
Information Technology$15,643$1,738-$17,381
Pension Plan Contributions$12,243$239-$12,482
Depreciation Depletion$9,770$1,086-$10,856
Conferences and Meetings$6,914$768-$7,682
Office Expenses$6,732$748-$7,480
Fees for Services Legal$1,733$193-$1,926
Other Expenses$290$32-$322
Total Functional Expenses$7,672,158$95,766$0$7,767,924
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
FiftyforwardNashville, TN501(c)(3)To Further Exempt Purposes$225,000
Interfaith Dental Clinic of NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$155,000
Men of ValorAntioch, TN501(c)(3)To Further Exempt Purposes$140,000
Andrew Jackson FoundationHermitage, TN501(c)(3)To Further Exempt Purposes$100,000
Covid-19 Emergency Response FundNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Monthaven Arts and Cultural CenterHendersonville, TN501(c)(3)To Further Exempt Purposes$100,000
Operation Stand Down TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Project ReturnNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Second Harvest Food Bank of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Siloam HealthNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Ymca of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Ywca Nashville and Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$100,000
Nashville Food ProjectNashville, TN501(c)(3)To Further Exempt Purposes$90,000
AgapeNashville, TN501(c)(3)To Further Exempt Purposes$85,000
Sexual Assault CenterNashville, TN501(c)(3)To Further Exempt Purposes$85,000
Stars NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$85,000
Fellowship of Christian AthletesNashville, TN501(c)(3)To Further Exempt Purposes$75,000
The Next DoorNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Urban Housing SolutionsNashville, TN501(c)(3)To Further Exempt Purposes$75,000
Hands on NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$70,000
Mcneilly Center for ChildrenNashville, TN501(c)(3)To Further Exempt Purposes$65,000
Center for Nonprofit ManagementNashville, TN501(c)(3)To Further Exempt Purposes$60,000
Faith Family Medical CenterNashville, TN501(c)(3)To Further Exempt Purposes$60,000
Junior Achievement of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$60,000
KING'S DAUGHTERS CHILD DEVELOPMENT CENTERMadison, TN501(c)(3)To Further Exempt Purposes$60,000
MARTHA O'BRYAN CENTERNashville, TN501(c)(3)To Further Exempt Purposes$60,000
American Red Cross-nashville Area ChapterNashville, TN501(c)(3)To Further Exempt Purposes$55,000
100 Black Men 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
Nashville Rescue MissionNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Oasis CenterNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Safe Haven Family ShelterNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Tennessee Prison Outreach MinistryNashville, TN501(c)(3)To Further Exempt Purposes$50,000
Big Brothers Big Sisters of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$45,000
GILDA'S CLUB MIDDLE TENNESSEENashville, TN501(c)(3)To Further Exempt Purposes$45,000
Nashville International Center for EmpowermentNashville, TN501(c)(3)To Further Exempt Purposes$45,000
Nashville Public Library FoundationNashville, TN501(c)(3)To Further Exempt Purposes$45,000
THE VICTOR S JOHNSON III NASHVILLE CHILDREN'S ALLIANCENashville, TN501(c)(3)To Further Exempt Purposes$45,000
Welcome Home MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$45,000
Bridge MinistryGoodlettsville, TN501(c)(3)To Further Exempt Purposes$40,000
Communities in Schools of TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$40,000
FAMILY & CHILDREN'S SERVICENashville, TN501(c)(3)To Further Exempt Purposes$40,000
Gordon Jewish Community CenterNashville, 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 CHILDREN'S THEATRENashville, TN501(c)(3)To Further Exempt Purposes$40,000
Nashville Public TelevisionNashville, TN501(c)(3)To Further Exempt Purposes$40,000
Pencil FoundationNashville, TN501(c)(3)To Further Exempt Purposes$40,000
Salvus CenterGallatin, TN501(c)(3)To Further Exempt Purposes$40,000
Adventure Science Center NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Building Lives FoundationFranklin, TN501(c)(3)To Further Exempt Purposes$35,000
CrossbridgeNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Hope Family Health ServicesWestmoreland, TN501(c)(3)To Further Exempt Purposes$35,000
National Museum of African American MusicNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Needlink NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Renewal HouseNashville, TN501(c)(3)To Further Exempt Purposes$35,000
Backfield in MotionNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Bethlehem Centers of NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Casa NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Community Care FellowshipNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Community Life BridgeHendersonville, TN501(c)(3)To Further Exempt Purposes$30,000
End Slavery TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Fannie Battle Day Home for ChildrenNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Gallatin Shalom ZoneGallatin, TN501(c)(3)To Further Exempt Purposes$30,000
Girl Scouts of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Hope Clinic for WomenNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Jason FoundationHendersonville, TN501(c)(3)To Further Exempt Purposes$30,000
Make-a-wish Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Mary Parrish CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Monroe HardingNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Nashville Conflict Resolution CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Nashville SymphonyNashville, TN501(c)(3)To Further Exempt Purposes$30,000
New Beginnings CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Nurture the NextNashville, TN501(c)(3)To Further Exempt Purposes$30,000
ST LUKE'S COMMUNITY HOUSENashville, TN501(c)(3)To Further Exempt Purposes$30,000
The Family CenterNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Youth Encouragement ServicesNashville, TN501(c)(3)To Further Exempt Purposes$30,000
Nashville BalletNashville, TN501(c)(3)To Further Exempt Purposes$27,000
ASHLEY'S PLACEGallatin, TN501(c)(3)To Further Exempt Purposes$26,000
413 StrongNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Adult Education Collective ImpactNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Angel Heart FarmCollege Grove, TN501(c)(3)To Further Exempt Purposes$25,000
Begin AnewNashville, TN501(c)(3)To Further Exempt Purposes$25,000
CheekwoodNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Daystar Counseling MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$25,000
DismasNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Easter Seals TennesseeBrentwood, TN501(c)(3)To Further Exempt Purposes$25,000
Nashville Launch PadNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Nurses for Newborns of TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Open Table NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Our KidsNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Pinson Hospital Hospitality HouseNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Project ConnectMadison, TN501(c)(3)To Further Exempt Purposes$25,000
Salama Urban MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Tennessee Justice CenterNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Tennessee Wildlife FederationNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Westminster Home ConnectionNashville, TN501(c)(3)To Further Exempt Purposes$25,000
Youth VillagesNashville, TN501(c)(3)To Further Exempt Purposes$25,000
American Cancer Society-greater Nashville AreaNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Boy Scouts of America Middle Tennessee CouncilNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Byrum-porter Senior CenterSpringfield, TN501(c)(3)To Further Exempt Purposes$20,000
Cottage Cove Urban MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Cumberland Crisis Pregnancy CenterHendersonville, TN501(c)(3)To Further Exempt Purposes$20,000
ELIJAH'S HEARTNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Equal Chance for EducationNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Frist Art MuseumNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Goodpasture Christian SchoolMadison, TN501(c)(3)To Further Exempt Purposes$20,000
Greater Faith Community Action CorporationSpringfield, TN501(c)(3)To Further Exempt Purposes$20,000
Harvest Hands Community Development CorporationNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Hendersonville Rotary FoundationGallatin, TN501(c)(3)To Further Exempt Purposes$20,000
Nashville Adult Literacy CouncilNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Nashville Chamber Public Benefit FoundationNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Operation Andrew GroupNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Pope John Paul Ii High SchoolHendersonville, TN501(c)(3)To Further Exempt Purposes$20,000
Shower the PeopleNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Tennessee Performing Arts CenterNashville, TN501(c)(3)To Further Exempt Purposes$20,000
Imagination Library of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$17,500
Insight Counseling CentersNashville, TN501(c)(3)To Further Exempt Purposes$17,500
Project Transformation TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$17,500
A Step Ahead Foundation of Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Agewell Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Alignment NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Christian Cooperative MinistryMadison, TN501(c)(3)To Further Exempt Purposes$15,000
Crossroads CampusNashville, TN501(c)(3)To Further Exempt Purposes$15,000
GivingmatterscomNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Home Bound Meals ProgramHendersonville, TN501(c)(3)To Further Exempt Purposes$15,000
Nashville Youth for ChristNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Show HopeFranklin, TN501(c)(3)To Further Exempt Purposes$15,000
Simon Youth FoundationIndianapolis, IN501(c)(3)To Further Exempt Purposes$15,000
Sycamore InstituteNashville, TN501(c)(3)To Further Exempt Purposes$15,000
Tennessee Medical FoundationBrentwood, TN501(c)(3)To Further Exempt Purposes$15,000
Friends of the Gallatin Public LibraryGallatin, TN501(c)(3)To Further Exempt Purposes$14,000
Tennessee Environmental CouncilNashville, TN501(c)(3)To Further Exempt Purposes$12,500
Able YouthFranklin, TN501(c)(3)To Further Exempt Purposes$12,000
Nashville Public Education FoundationNashville, TN501(c)(3)To Further Exempt Purposes$12,000
Aphesis HouseOld Hickory, TN501(c)(3)To Further Exempt Purposes$10,000
Belcourt TheatreNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Big Payback Middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$10,000
First StepsNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Gallatin CaresGallatin, TN501(c)(3)To Further Exempt Purposes$10,000
Historic CragfontCastalian Springs, TN501(c)(3)To Further Exempt Purposes$10,000
Homework HotlineNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Inspiritus-middle TennesseeNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Oz ArtsNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Preston Taylor MinistriesNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Raphah InstituteNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Rebuilding Together-nashvilleNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Small World YogaNashville, TN501(c)(3)To Further Exempt Purposes$10,000
Tennessee Justice for Our NeighborsNashville, TN501(c)(3)To Further Exempt Purposes$10,000
WHY WE CAN'T WAITGoodlettsville, TN501(c)(3)To Further Exempt Purposes$10,000
Historic Rock CastleHendersonville, TN501(c)(3)To Further Exempt Purposes$9,000
Tennessee Immigrant and Refugee Rights CoalitionNashville, TN501(c)(3)To Further Exempt Purposes$8,000
Heimerdinger FoundationNashville, TN501(c)(3)To Further Exempt Purposes$7,500
Nashville Community Bail FundNashville, TN501(c)(3)To Further Exempt Purposes$7,500
Refuge Center for CounselingFranklin, TN501(c)(3)To Further Exempt Purposes$7,500
Tennessee Coalition to End Domestic and Sexual ViolenceNashville, TN501(c)(3)To Further Exempt Purposes$7,500
The ContributorNashville, TN501(c)(3)To Further Exempt Purposes$7,500
University School of NashvilleNashville, TN501(c)(3)To Further Exempt Purposes$7,500
Urban Green LabNashville, TN501(c)(3)To Further Exempt Purposes$7,500
Skyline AuxiliaryNashville, TN501(c)(3)To Further Exempt Purposes$6,000
SongwritingwithsoldiersNashville, TN501(c)(3)To Further Exempt Purposes$6,000
Southeastern Council of FoundationsAtlanta, GA501(c)(3)To Further Exempt Purposes$5,150
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$148,215
Security Deposit Payable$56,715
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 board of directors prior to its filing. If board members have questions, they are brought to the attention of the board 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 president's performance and then the president 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 president.”

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.”

Form 990, Part VII, Section B, Line 1

“The amount paid to the construction contractor includes both services and amounts capitalized as tenant improvements that can not be reasonably separated.”

Filing and Contact Details

Filer

Filer Name
The Memorial Foundation
EIN
62-1202302
Phone
6158229499
Address
100 BLUEGRASS COMMONS BLVD NO 32, HENDERSONVILLE, TN 37075

Signing Officer

Name
Scott Perry
Title
President
Phone
6158229499
Signed
2021-08-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Perry
Formed
1994
Legal Domicile
Tn
Voting Board Members
19
Independent Board Members
19
Employees
5
Volunteers
0

Preparer

Firm
Kraftcpas Pllc
Address
555 GREAT CIRCLE ROAD, NASHVILLE, TN 37228
Preparer
Frances E Leahy
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 2,095 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/ReconcilationRevenueExpnssAmt0-3688617
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0637063
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07508904
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02592612
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE 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 2020, 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, 2017, 2018, 2019, AND 2020 THE FOUNDATION'S PUBLIC SUPPORT PERCENTAGE WAS, 29.0282%, 21.0607%, 16.7969%, 16.7168%, 19.1934%, 15.7396%, 18.8531%, 22.1730%, 23.0086%, 23.6910%, 25.0989%, 24.5333%, 22.6562%, 22.3416%, 20.5434%, 17.1182%, 13.0692% AND 8.9607% RESPECTIVELY. ALTHOUGH EACH YEAR IT IS BELOW 33 PERCENT, THEY EXCEEDED THE MINIMUM 10 PERCENT OF PUBLIC SUPPORT REQUIRED UNDER THE FACTS AND CIRCUMSTANCES TEST UNTIL 2020. 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 CONTINUED TO RECEIVE CONTRIBUTIONS FROM THE HOSPITAL, UNTIL THE HOSPITAL HAD DISTRIBUTED ALL ASSETS IN 2018. THE HOSPITAL'S FINAL TAX RETURN WAS FILED FOR 2018, AND THE HOSPITAL WAS FORMALLY DISSOLVED IN 2019.SINCE FORMATION, THE FOUNDATION HAS BEEN GOVERNED BY A LARGE BLUE-RIBBON BOARD OF TRUSTEES (THE "BOARD"). THE BOARD CURRENTLY CONSISTS OF NINETEEN 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, 2017, 2018, 2019, AND 2020 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, $6,304,688, $6,252,300, $5,842,751 AND $5,861,150, 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 QUALIFED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER TREASURY REGULATIONS 1.170A-9(E)(3) FOR YEARS PRIOR TO 2020. BEGINNING IN 2020, THE ORGANIZATION NO LONGER QUALIFIED UNDER THE FACTS AND CIRCUMSTANCES TEST.
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01509
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03916
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt077
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0840536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01200000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02046038
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04587424
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt04680899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03999183

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$135,627,067
Liabilities
$275,739
Net assets
$135,351,328
Revenue
$4,079,307
Expenses
$7,767,924
Net income
-$3,688,617
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