Civic Intelligence

The Drake Foundation

990PF • Fiscal year 2024 • EIN 62-1684643

Jan 01, 2024 to Dec 31, 2024 • Filed on May 13, 2025

Organization Profile
1684 Dogwood Creek RdGermantown, TN 38139

(901) 221-5220

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

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

2024 filings • <$500k nonprofits • Source year 2024

Net Margin

6th percentile

-134%

Higher net margin than 6% of similar nonprofits.

2024 filings • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • <$500k nonprofits • Source year 2024

Asset Growth

4th percentile

-100%

Faster asset growth than 4% of similar nonprofits.

2024 filings • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-62%

Faster revenue growth than 8% of similar nonprofits.

2024 filings • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $102,122 (-100%) from 2023

Net Assets

Down

$0

Down $102,122 (-100%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin6th percentile

Revenue

Down

$76,002

Down $125,886 (-62%) from 2023

Expenses

Up

$178,124

Up $3,115 (+1.8%) from 2023

Net Income

Down

-$102,122

Down $129,001 (-480%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$600K$400K$200K$0Assets 2011: $509,562Liabilities 2011: $02011Assets 2012: $501,648Liabilities 2012: $02012Assets 2013: $368,647Liabilities 2013: $02013Assets 2014: $557,408Liabilities 2014: $1Net Assets 2014: $557,4082014Assets 2015: $567,120Liabilities 2015: $0Net Assets 2015: $567,1202015Assets 2016: $416,824Liabilities 2016: $0Net Assets 2016: $407,1122016Assets 2017: $346,699Liabilities 2017: $0Net Assets 2017: $346,6992017Assets 2018: $234,248Liabilities 2018: $0Net Assets 2018: $234,2482018Assets 2019: $180,239Liabilities 2019: $1Net Assets 2019: $180,2392019Assets 2020: $98,121Liabilities 2020: $1Net Assets 2020: $98,1212020Assets 2021: $85,075Liabilities 2021: $1Net Assets 2021: $85,0752021Assets 2022: $75,243Liabilities 2022: $1Net Assets 2022: $75,2432022Assets 2023: $102,122Liabilities 2023: $0Net Assets 2023: $102,1222023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0
Open 2024 Filing

Operations Trend

Revenue Growth8th percentile

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

$400K$200K$0-$200KRevenue 2011: $329,791Expenses 2011: $76,000Net Income 2011: $253,7912011Revenue 2012: $328,692Expenses 2012: $336,606Net Income 2012: -$7,9142012Revenue 2013: $172,657Expenses 2013: $305,658Net Income 2013: -$133,0012013Revenue 2014: $239,261Expenses 2014: $251,000Net Income 2014: -$11,7392014Revenue 2015: $211,719Expenses 2015: $202,007Net Income 2015: $9,7122015Revenue 2016: $4,704Expenses 2016: $155,000Net Income 2016: -$150,2962016Revenue 2017: $3,475Expenses 2017: $73,600Net Income 2017: -$70,1252017Revenue 2018: $3,549Expenses 2018: $116,000Net Income 2018: -$112,4512018Revenue 2019: $73,562Expenses 2019: $127,571Net Income 2019: -$54,0092019Revenue 2020: $1,414Expenses 2020: $83,532Net Income 2020: -$82,1182020Revenue 2021: $100,474Expenses 2021: $113,520Net Income 2021: -$13,0462021Revenue 2022: $200,682Expenses 2022: $210,514Net Income 2022: -$9,8322022Revenue 2023: $201,888Expenses 2023: $175,009Net Income 2023: $26,8792023Revenue 2024: $76,002Expenses 2024: $178,124Net Income 2024: -$102,1222024

Highlighted filing

2024

Revenue$76,002
Expenses$178,124
Net Income-$102,122
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 13, 2025
Return Version
2024v5.1
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darin DrakeSecretary/Bod-$0--
Filing and Contact Details

Filer

Filer Name
The Drake Foundation
EIN
62-1684643
Phone
9012215220
Address
1684 Dogwood Creek Rd, Germantown, TN 38139

Signing Officer

Name
Darin Drake
Title
Secretary
Phone
9012211524
Signed
2025-05-13
Discuss with paid preparer
Yes

Preparer

Firm
DelBrocco & Associates PLLC
Address
4737 Spottswood, Memphis, TN 38117
Preparer
Peter F Voehringer
Phone
9016819272
Raw XML Appendix266 raw XML fields

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

Path#Value
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DissolutionStmt/DissolutionInformationGrp/DissolutionAmt03098
DissolutionStmt/DissolutionInformationGrp/ShortExplanationTxt0Final contribution to qualified 501(c)(3) Organization, Grace Community Church, of the remaining assets of the Foundation which was $3,098 in cash on December 31, 2024.
DissolutionStmt/DissolutionInformationGrp/USAddress/AddressLine1Txt016731 Woodgate Rd
DissolutionStmt/DissolutionInformationGrp/USAddress/CityNm0Montrose
DissolutionStmt/DissolutionInformationGrp/USAddress/StateAbbreviationCd0CO
DissolutionStmt/DissolutionInformationGrp/USAddress/ZIPCd081401
IRS990PF/AddressChangeInd0X
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EsPenaltyAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt00
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt00
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/RefundAmt00
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/SubtitleATaxAmt00
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxDueAmt014
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxUnderSection511Amt00
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IRS990PF/FinalReturnInd0X
IRS990PF/FMVAssetsEOYAmt00
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IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockBOYAmt00
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IRS990PF/Form990PFBalanceSheetsGrp/RetainedEarningBOYAmt0102122
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IRS990PF/MethodOfAccountingCashInd0X
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IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt00
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt00
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt00
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt00
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt00
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt00
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdCntrctOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompOfHghstPdEmplOrNONETxt0NONE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/ContractorPaidOver50kCnt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt00.50
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm0Darin Drake
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt0Secretary/BOD
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt0482 Halle Park Drive Suite 101
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IRS990PF/PFQualifyingDistributionsGrp/ExpensesAndContributionsAmt0178098
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IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd00
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd00
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd00
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IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd00
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd00
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd00
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd00
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd01
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd00
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd01
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd00
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd00
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd00
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IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd00
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IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0Collierville
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IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd00
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IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt0Further exempt purpose
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt0Grace Community
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt1Pastoral Leadership Institute
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IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1Txt0Drake Industries LLC
IRS990ScheduleB/ContributorInformationGrp/ContributorNum01
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1Txt01684 Dogwood Creek Rd
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/CityNm0Germantown
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCd038139
IRS990ScheduleB/ContributorInformationGrp/PersonContributionInd0X
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt075000
IRS990ScheduleB/GeneralRuleInd0X
IRS990ScheduleB/Organization501c3ExemptPFInd0X
LiquidationExplanationStmt/ExplanationTxt0See statement and scheule of liquidation attached.
TaxesSchedule/TaxesDetail/Amt026
TaxesSchedule/TaxesDetail/CategoryTxt0Form 990-PF
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt00
TaxesSchedule/TaxesDetail/NetInvestmentIncomeAmt00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Darin Drake
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum09012211524
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Drake Foundation
ReturnHeader/Filer/BusinessNameControlTxt0DRAK
ReturnHeader/Filer/EIN0621684643
ReturnHeader/Filer/PhoneNum09012215220
ReturnHeader/Filer/USAddress/AddressLine1Txt01684 Dogwood Creek Rd
ReturnHeader/Filer/USAddress/CityNm0Germantown
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038139
ReturnHeader/Form8822BAttachedInd0X
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0454110923
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DelBrocco & Associates PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04737 Spottswood
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Memphis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038117
ReturnHeader/PreparerPersonGrp/PhoneNum09016819272
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Peter F Voehringer
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-13T13:22:55-05:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

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Filings

Displayed year

2024 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$76,002
Expenses
$178,124
Net income
-$102,122
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.76$1.78$1.02
2023Detailed filing. Detailed filing data is available for this year.$1.02$0.00$1.02$2.02$1.75$0.27
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$2.01$2.11$0.10
2021Detailed filing. Detailed filing data is available for this year.$0.85$0.00$0.85$1.00$1.14$0.13
2020Detailed filing. Detailed filing data is available for this year.$0.98$0.00$0.98$0.01$0.84$0.82
2019Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$0.74$1.28$0.54
2018Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$0.04$1.16$1.12
2017Detailed filing. Detailed filing data is available for this year.$3.47$0.00$3.47$0.03$0.74$0.70
2016Detailed filing. Detailed filing data is available for this year.$4.17$0.00$4.07$0.05$1.55$1.50
2015Detailed filing. Detailed filing data is available for this year.$5.67$0.00$5.67$2.12$2.02$0.10
2014Detailed filing. Detailed filing data is available for this year.$5.57$0.00$5.57$2.39$2.51$0.12
2013Summary only. Only limited summary data is available for this year.$3.69$0.00$1.73$3.06$1.33
2012Summary only. Only limited summary data is available for this year.$5.02$0.00$3.29$3.37$0.08
2011Summary only. Only limited summary data is available for this year.$5.10$0.00$3.30$0.76$2.54