Liabilities / Assets
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
MMC Foundation Inc.
990EZ • Fiscal year 2022 • EIN 84-4610533
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.00x
Liabilities / Revenue
58th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
90th percentile
Higher net margin than 90% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
88th percentile
Faster asset growth than 88% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Balance Sheet
Assets
Up$87,145
Up $36,335 (+72%) from 2021
Net Assets
Up$87,145
Up $36,335 (+72%) from 2021
Liabilities
Flat$0
Flat from 2021
Revenue And Expenses
Revenue
Up$69,216
Up $6,427 (+10%) from 2021
Expenses
Up$32,881
Up $19,852 (+152%) from 2021
Net Income
Down$36,335
Down $13,425 (-27%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Oct 24, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $69,216
Mission and Program Overview
Mission
The foundation carries out its exempt purpose by making gifts, grants, and contributions to other qualified 501(c)(3) charitable organizations primarily serving the middle tennessee area. The foundation also awards academic scholarships to qualified students in rutherford county, tennessee.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| FOSTERING AWARENESS OF HEALTH ISSUES AND WORKING TO IMPROVE OVERALL HEALTH IN THE COMMUNITY. | $8,934 | $16,685 |
| SCHOLARSHIPS TO STUDENTS ADVANCING IN HIGHER EDUCATION. THE FOUNDATION AWARDED 11 SCHOLARSHIPS IN 2022. | $15,000 | $15,000 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOSEPH A PEAY | President | - | $0 | - | - |
| MATTHEW C STEARNS | Secretary/Treasurer | - | $0 | - | - |
| NICHOLAS S COTE DO | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Mmc Foundation Inc
- EIN
- 84-4610533
- Phone
- 6158934480
- Address
- 1272 GARRISON DR, MURFREESBORO, TN 37129
Signing Officer
- Name
- Frank Mitchell
- Title
- President
- Phone
- 6158934480
- Signed
- 2023-10-24
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Dempsey Vantrease & Follis Pllc
- Address
- 630 S CHURCH ST STE 300, MURFREESBORO, TN 37130-9409
- Preparer
- Mark E Follis CPA
- Phone
- 6158936666
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: charity. Grantee name: a soldier's child. Grantee relationship: none. Date of gift: 03/18/22. Amount given: 2,978.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: charity. Grantee name: special kids. Grantee relationship: none. Date of gift: 03/18/22. Amount given: 2,978.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: charity. Grantee name: stepping stones safe haven. Grantee relationship: none. Date of gift: 03/18/22. Amount given: 2,978.”
Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid
“Activity classification: scholarships. Grantee name: various qualified students. Grantee relationship: none. Date of gift: 12/31/22. Amount given: 15,000. Total included on form 990-ez, line 10: 23,934.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: bank fees. Amount: 600. Description: taxes. Amount: 21. Description: breast cancer t shirts. Amount: 6,841. Total to form 990-ez, line 16: 7,462.”
Raw XML Appendix152 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 |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | 0 |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | MITCHELL FRANK |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 6158677829 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1272 GARRISON DR |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MURFREESBORO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 37129 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 50810 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 87145 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | 0 |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 69216 |
| IRS990EZ/DirectIndirectPltclExpendAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | 0 |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 36335 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 575 |
| IRS990EZ/FiledScheduleAInd | 0 | 1 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | 0 |
| IRS990EZ/ForeignOfficeInd | 0 | 0 |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 50810 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 87145 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 23934 |
| IRS990EZ/GrossReceiptsAmt | 0 | 69216 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartVInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | 0 |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 50810 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 87145 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 50810 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 87145 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOSEPH A PEAY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MATTHEW C STEARNS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | NICHOLAS S COTE DO |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | SECRETARY/TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | 0 |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | 0 |
| IRS990EZ/OrganizationHadUBIInd | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 7462 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | 0 |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE FOUNDATION CARRIES OUT ITS EXEMPT PURPOSE BY MAKING GIFTS, GRANTS, AND CONTRIBUTIONS TO OTHER QUALIFIED 501(C)(3) CHARITABLE ORGANIZATIONS PRIMARILY SERVING THE MIDDLE TENNESSEE AREA. THE FOUNDATION ALSO AWARDS ACADEMIC SCHOLARSHIPS TO QUALIFIED STUDENTS IN RUTHERFORD COUNTY, TENNESSEE. |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 910 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SCHOLARSHIPS TO STUDENTS ADVANCING IN HIGHER EDUCATION. THE FOUNDATION AWARDED 11 SCHOLARSHIPS IN 2022. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | FOSTERING AWARENESS OF HEALTH ISSUES AND WORKING TO IMPROVE OVERALL HEALTH IN THE COMMUNITY. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 15000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 1 | 8934 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 15000 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 16685 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990EZ/SchoolOperatingInd | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | TN |
| IRS990EZ/SubjectToProxyTaxInd | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 0 |
| IRS990EZ/TanningServicesProvidedInd | 0 | 0 |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 32881 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 31685 |
| IRS990EZ/TotalRevenueAmt | 0 | 69216 |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | 0 |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | HTTPS://WWW.MMCLINIC.COM/42.1702/MMC-FOUNDATION |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 69216 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 62789 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 132005 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 62645 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 69360 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 69216 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 62789 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 132005 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 132005 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACTIVITY CLASSIFICATION: CHARITY. GRANTEE NAME: A SOLDIER'S CHILD. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 03/18/22. AMOUNT GIVEN: 2,978. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACTIVITY CLASSIFICATION: CHARITY. GRANTEE NAME: SPECIAL KIDS. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 03/18/22. AMOUNT GIVEN: 2,978. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACTIVITY CLASSIFICATION: CHARITY. GRANTEE NAME: STEPPING STONES SAFE HAVEN. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 03/18/22. AMOUNT GIVEN: 2,978. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACTIVITY CLASSIFICATION: SCHOLARSHIPS. GRANTEE NAME: VARIOUS QUALIFIED STUDENTS. GRANTEE RELATIONSHIP: NONE. DATE OF GIFT: 12/31/22. AMOUNT GIVEN: 15,000. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 23,934. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DESCRIPTION: BANK FEES. AMOUNT: 600. DESCRIPTION: TAXES. AMOUNT: 21. DESCRIPTION: BREAST CANCER T SHIRTS. AMOUNT: 6,841. TOTAL TO FORM 990-EZ, LINE 16: 7,462. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES |
| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd | 0 | AAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd | 0 | IAL1 |
| ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd | 0 | 3 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | FRANK MITCHELL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6158934480 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-10-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | MMC FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MMCF |
| ReturnHeader/Filer/EIN | 0 | 844610533 |
| ReturnHeader/Filer/PhoneNum | 0 | 6158934480 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 1272 GARRISON DR |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MURFREESBORO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 37129 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | 1 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 621736974 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DEMPSEY VANTREASE & FOLLIS PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 630 S CHURCH ST STE 300 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MURFREESBORO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 371309409 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 6158936666 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-10-19 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | MARK E FOLLIS CPA |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2023-10-31T16:33:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | FRANK |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | MITCHELL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2022-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-12-31 |
| ReturnHeader/TaxYr | 0 | 2022 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $87,145
- Liabilities
- $0
- Net assets
- $87,145
- Revenue
- $69,216
- Expenses
- $32,881
- Net income
- $36,335