Civic Intelligence

4 Th Purpose Foundation

990 • Fiscal year 2022 • EIN 84-4085732

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization Profile4THPURPOSE.ORG
520 W Summit Hill Drive Suite 1101Knoxville, TN 37902

(865) 524-1223

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.29x

Higher debt load relative to assets than 62% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

95th percentile

6.05x

Higher debt load relative to revenue than 95% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

4th percentile

-92%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

28th percentile

$120,000

Higher top officer pay than 28% of similar nonprofits.

Top officer pay equals 20.2% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

19th percentile

-10%

Faster asset growth than 19% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

86th percentile

51%

Faster revenue growth than 86% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$12,575,228

Down $1,409,846 (-10%) from 2021

Net Assets

Down

$8,985,607

Down $1,960,313 (-18%) from 2021

Liabilities

Up

$3,589,621

Up $550,467 (+18%) from 2021

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin4th percentile

Revenue

Up

$593,650

Up $200,570 (+51%) from 2021

Expenses

Up

$1,139,331

Up $580,868 (+104%) from 2021

Net Income

Down

-$545,681

Down $380,298 (-230%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$15M$10M$5.0M$0Assets 2019: $1,280,000Liabilities 2019: $0Net Assets 2019: $1,280,0002019Assets 2020: $10,310,642Liabilities 2020: $7,028Net Assets 2020: $10,303,6142020Assets 2021: $13,985,074Liabilities 2021: $3,039,154Net Assets 2021: $10,945,9202021Assets 2022: $12,575,228Liabilities 2022: $3,589,621Net Assets 2022: $8,985,6072022Assets 2023: $12,511,974Liabilities 2023: $2,874,750Net Assets 2023: $9,637,2242023Assets 2024: $12,834,331Liabilities 2024: $2,784,474Net Assets 2024: $10,049,8572024

Highlighted filing

2022

Assets$12,575,228
Liabilities$3,589,621
Net Assets$8,985,607
Open 2022 Filing

Operations Trend

Revenue Growth86th percentile

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

$10M$5.0M$0-$5.0MRevenue 2019: $1,280,000Expenses 2019: $0Net Income 2019: $1,280,0002019Revenue 2020: $8,572,710Expenses 2020: $112,353Net Income 2020: $8,460,3572020Revenue 2021: $393,080Expenses 2021: $558,463Net Income 2021: -$165,3832021Revenue 2022: $593,650Expenses 2022: $1,139,331Net Income 2022: -$545,6812022Revenue 2023: $610,284Expenses 2023: $636,092Net Income 2023: -$25,8082023Revenue 2024: $779,843Expenses 2024: $753,223Net Income 2024: $26,6202024

Highlighted filing

2022

Revenue$593,650
Expenses$1,139,331
Net Income-$545,681
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$620,139
Mission and Program Overview

Mission

A catalyst to make prison a place of transformation

4th purpose foundation was created to be a catalyst to make prison a place of transformation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$8,171,755$7,139,287▼ $1,032,468
Land, Buildings, and Equipment, Net$3,942,679$5,288,886▲ $1,346,207
Savings and Temporary Cash Investments$1,870,640$147,055▼ $1,723,585
Total Assets$13,985,074$12,575,228▼ $1,409,846
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,012,000$3,046,036▲ $34,036
Accounts Payable and Accrued Expenses$27,154$543,585▲ $516,431
Total Liabilities$3,039,154$3,589,621▲ $550,467
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,945,920$8,985,607▼ $1,960,313
Total Net Assets Fund Balance$10,945,920$8,985,607▼ $1,960,313
Total Liabilities and Net Assets / Fund Balance$13,985,074$12,575,228▼ $1,409,846

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,508,886$30,588$3,539,474
Buildings$895,759-$268,815
Land$884,241-$231,185
Other Securities$7,139,287--
Compensation and Service Providers
Top Officer Pay28th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tony C PowersPresidentFT$120,000$120,000
Kristie M AndersonResearch & PFT$113,300$113,300

Board Members and Trustees

NameTitle
Josh SmithChair
Brett TollmanRegular Mana
Bryan CollierRegular Mana
Chrisi BollingerRegular Mana
Tracy SmithSpecial Mana

Highest Paid Contractors

ContractorServicesLocationCompensation
Elite Diversified Construction INCConstruction219 W YOUNG HIGH PIKE, Knoxville, TN 37920$912,711
Envy Brand StudioVideo ServicesPO BOX 3721, Knoxville, TN 37927$215,800
Men Of ValorHuman Services504 VALOR WAY, Antioch, TN 37013$198,613
Kitchen SalesCabinet/counterPO BOX 3217, Knoxville, TN 37927$113,839
Revenue and Support

Revenue Composition

Contributions and Grants
$14,353
Program Service Revenue
$0
Investment Income
$384,001
Other Revenue
$195,296
All Other Contributions
$14,353
Change in Net Assets
$-545,681
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$706,691
Salaries, Compensation, and Employee Benefits$382,640
Grants and Similar Amounts Paid$50,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$311,195$16,379-$327,574
Advertising$284,007--$284,007
Fees for Services Other$17,995$77,512-$95,507
Grants to Domestic Orgs$50,000--$50,000
Conferences and Meetings$47,351--$47,351
Depreciation Depletion-$30,588-$30,588
Travel$27,813--$27,813
Payroll Taxes$23,947$1,260-$25,207
Interest$24,075--$24,075
Other Employee Benefits$20,706$1,089-$21,795
Insurance$18,286--$18,286
Occupancy$13,074$688-$13,762
Information Technology$8,608$453-$9,061
Pension Plan Contributions$7,661$403-$8,064
Office Expenses$5,709$515-$6,224
Fees for Services Legal$609$2,437-$3,046
Other Expenses$2,751$44,220-$2,751
Total Functional Expenses$963,787$175,544$0$1,139,331
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Change CenterKnoxville, TN501c3Support$50,000
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Josh smith tracy smith chair manager family relationship”

Form 990, Page 6, Part VI, Line 8B

“There were no committees.”

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

“The chief financial officer of east tennessee foundation reviews the form 990 and forwards a copy to all 4th purpose foundation board members via email prior to filing. The complete form 990 is also sent to the president and chair of 4th purpose foundation for review and signature.”

Form 990, Page 6, Part VI, Line 12C

“Officers and directors with a conflict of interest on an issue on a meeting agenda are asked to disclose the conflict at the meeting and to recuse themselves from participation in discussion and voting on that item; such recusals are documented in the meetings minutes.”

Form 990, Page 6, Part VI, Line 19

“4th purpose foundation makes these documents available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
4th Purpose Foundation
EIN
84-4085732
Phone
8655241223
Address
520 W SUMMIT HILL DRIVE SUITE 1101, KNOXVILLE, TN 37902

Signing Officer

Name
Josh Smith
Title
Chair
Phone
8655241223
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Smith
Formed
2019
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Brown Jake & Mcdaniel Pc
Address
2607 KINGSTON PIKE SUITE 110, KNOXVILLE, TN 37919-3336
Preparer
James E Booher CPA
Phone
8656378600
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Five individuals served in 2022 as volunteers on the foundation's board”

Financial Statement Notes

Schedule D, Page 3, Part X

“The foundation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code. In addition, the foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization other than a private foundation under section 509(a)(1). Under accounting standards, an organization must recognize tax benefits associated with tax taken for tax return purposes when it is more likely than not that the position will not be sustained upon examination by taxing authorities. There were no unrecognized tax benefits identified or recorded as liabilities for 2022 and 2021. The foundation's form 990, return of organization exempt from income tax (including the returns for its supporting organizations), and its form 990 -t, unrelated business tax return, for the years ending 2019 through 2022 are subject to examination by the irs, generally for three years after they were filed.”

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IRS990/Desc0DEVELOPED ADDITONAL FREE DIGITAL SERIES OF HOPE-FILLED, UPLIFTING CONTENT DELIVERING MESSAGES OF LOVE AND ENCOURAGEMENT TO INDIVIDUALS AND FAMILIES IMPACTED BY INCARCERATION. DEVELOPED ADDITIONAL RESOURCES AND FREE DIGITAL CONTENT FOR THE WELLNESS OF CORRECTIONS STAFF.
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION MADE GRANTS TO OTHER 501(C)(3) NONPROFIT ORGANIZATIONS THAT SERVE THE CHARITABLE PURPOSES OF EAST TENNESSEE FOUNDATION, THE SUPPORTED ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART IV, SECTION A, LINE 6
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IRS990ScheduleD/LandGrp/BookValueAmt0884241
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0653056
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0231185
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03508886
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt030588
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03539474
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt07139287
IRS990ScheduleD/OtherSecuritiesGrp/Desc0COMMINGLED FUND INVESTMENT
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). UNDER ACCOUNTING STANDARDS, AN ORGANIZATION MUST RECOGNIZE TAX BENEFITS ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR 2022 AND 2021. THE FOUNDATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (INCLUDING THE RETURNS FOR ITS SUPPORTING ORGANIZATIONS), AND ITS FORM 990 -T, UNRELATED BUSINESS TAX RETURN, FOR THE YEARS ENDING 2019 THROUGH 2022 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleD/TotalBookValueSecuritiesAmt07139287
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IRS990ScheduleI/RecipientTable/CashGrantAmt050000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0THE CHANGE CENTER
IRS990ScheduleI/RecipientTable/RecipientEIN0383991050
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0203 HARRIET TUBMAN STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KNOXVILLE
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FIVE INDIVIDUALS SERVED IN 2022 AS VOLUNTEERS ON THE FOUNDATION'S BOARD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1JOSH SMITH TRACY SMITH CHAIR MANAGER FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE WERE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE CHIEF FINANCIAL OFFICER OF EAST TENNESSEE FOUNDATION REVIEWS THE FORM 990 AND FORWARDS A COPY TO ALL 4TH PURPOSE FOUNDATION BOARD MEMBERS VIA EMAIL PRIOR TO FILING. THE COMPLETE FORM 990 IS ALSO SENT TO THE PRESIDENT AND CHAIR OF 4TH PURPOSE FOUNDATION FOR REVIEW AND SIGNATURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS AND DIRECTORS WITH A CONFLICT OF INTEREST ON AN ISSUE ON A MEETING AGENDA ARE ASKED TO DISCLOSE THE CONFLICT AT THE MEETING AND TO RECUSE THEMSELVES FROM PARTICIPATION IN DISCUSSION AND VOTING ON THAT ITEM; SUCH RECUSALS ARE DOCUMENTED IN THE MEETINGS MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt54TH PURPOSE FOUNDATION MAKES THESE DOCUMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt04TH PURPOSE REALTY LLC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt05288886
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0REAL PROP
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0520 W SUMMIT HILL DR SUITE 1101
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0KNOXVILLE
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd037902
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0EAST TENNESSEE FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620807696
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CHARITABLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt08
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IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
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IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt044220
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1382639
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,575,228
Liabilities
$3,589,621
Net assets
$8,985,607
Revenue
$593,650
Expenses
$1,139,331
Net income
-$545,681
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.8$2.78$10.0$0.78$0.75$0.03
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$2.87$9.64$0.61$0.64$0.03
2022Detailed filing. Detailed filing data is available for this year.$12.6$3.59$8.99$0.59$1.14$0.55
2021Detailed filing. Detailed filing data is available for this year.$14.0$3.04$10.9$0.39$0.56$0.17
2020Detailed filing. Detailed filing data is available for this year.$10.3$0.01$10.3$8.57$0.11$8.46
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.28$0.00$1.28$1.28$0.00$1.28