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Nonprofiteer
← YMCA FOUNDATION OF MIDDLE TENNESSEE

Form 990 for tax year 2024

Filed by YMCA FOUNDATION OF MIDDLE TENNESSEE.

Totals

Total revenue
$1,286,656
Total expenses
$754,935
Contributions and grants received
$252,652
Grants paid
$549,857
Program service revenue
$0
Investment income
$1,032,946
Other revenue
$1,058
Total assets, end of year
$16,278,833
Total liabilities, end of year
$562,253
Net assets or fund balances, end of year
$15,716,580
Program services expenses (Part IX)
$550,465
Management and general expenses
$139,960
Fundraising expenses
$64,510
Program service expenses (Part III)
$550,465

Program services were 72.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $252,652

  • 1g · Noncash contributions included above

    $11,143

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $373,029 · excluded $373,029

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $6,551,847

  • 7b · Less cost or other basis and sales expenses

    securities $5,891,930

  • 7c · Gain or loss

    securities $659,917 · other assets $0

  • 7d · Net gain or loss

    total $659,917 · excluded $659,917

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: Miscellaneous Income

    total $1,058 · excluded $1,058

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $1,058

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $549,857 · program services $549,857

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 11b · Fees: legal

    total $800 · management and general $800

  • 11c · Fees: accounting

    total $22,583 · management and general $22,583

  • 11e · Fees: professional fundraising services

    total $30,240 · fundraising $30,240

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $15,000 · fundraising $15,000

  • 19 · Conferences, conventions and meetings

    total $19,186 · fundraising $19,186

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Leased Employee Expense

    total $109,760 · management and general $109,760

  • 24b · Other expenses: Miscellaneous Employee Spend

    total $6,817 · management and general $6,817

  • 24c · Other expenses: Miscellaneous Expenses

    total $692 · program services $608 · fundraising $84

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,544 · end of year $25,051

  • 2 · Savings and temporary cash investments

    beginning of year $82,960 · end of year $63,429

  • 3 · Pledges and grants receivable

    beginning of year $22,768 · end of year $22,532

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,483,655 · end of year $15,737,809

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $414,234 · end of year $430,012

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,069 · end of year $12,396

  • 18 · Grants payable

    beginning of year $511,796 · end of year $549,857

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $12,371,586 · end of year $13,521,331

  • 28 · Net assets with donor restrictions

    beginning of year $2,122,710 · end of year $2,195,249

Mission and programs · 2024

Mission

The organization maintains a permanent endowment fund for the benefit of the YMCA of Middle Tennessee, as its trustees in their discretion deem best, giving priority to the use of endowment funds for major maintenance, modernization or expansion of facilities, extension of services and developing and training professional leadership.

Activities or mission (Part I)

Endowment Fund

  • The Foundation maintains an endowment fund for the exclusive benefit of the YMCA of Middle Tennessee. Earnings on the endowment are used for programs and services of the YMCA. During 2024, the Foundation made grants to the YMCA totaling $549,857.

    Expenses $549,857 · Grants $549,857

  • In addition to the endowment fund, the Foundation also maintains a couple of small philanthropic funds. Similar to donor advised funds, principal and earnings on these funds are used to support the charitable interests of the individuals who established them. During 2024, there were no disbursements made from these funds.

    Expenses $608

As filed on the 2024 return.

Listed in Part VII

  • Dennis Scandrett

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Kelvin Ault

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Allen Bryan

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Bill Zotti

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Bob Napier

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Bruce Hammond

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Charlie Bryan

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • David Wilds

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Ginger Hale

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Joe Levi

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • John Groomes

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Cole

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Leslie Hay

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Lise Bohannon

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Roy Jordan

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Shannon Sullivan

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Tommy Estes

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Tony Wall

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Walt Leaver

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Jessica Fain

    Chief Strategy Officer

    Total calculated
    $243,942
    From this org
    $0
    From related orgs
    $214,639
    Other
    $29,303
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,479 related
    Bonus
    $0 + $500 related
    Other
    $0 + $660 related
    Deferred
    $0 + $23,620 related
    Nontaxable benefits
    $0 + $5,683 related
    Filer's total
    $0 + $243,942 related

  • John Mikos

    President and CEO

    Total calculated
    $415,496
    From this org
    $0
    From related orgs
    $377,522
    Other
    $37,974
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $346,526 related
    Bonus
    $0 + $18,000 related
    Other
    $0 + $12,996 related
    Deferred
    $0 + $34,500 related
    Nontaxable benefits
    $0 + $3,474 related
    Filer's total
    $0 + $415,496 related

  • Julie Sistrunk

    Chief Development Officer

    Total calculated
    $232,949
    From this org
    $0
    From related orgs
    $198,107
    Other
    $34,842
    Hours/week
    20 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,335 related
    Bonus
    $0 + $500 related
    Other
    $0 + $1,272 related
    Deferred
    $0 + $23,107 related
    Nontaxable benefits
    $0 + $11,735 related
    Filer's total
    $0 + $232,949 related

  • Marcy Towns

    Chief Financial Officer

    Total calculated
    $202,537
    From this org
    $0
    From related orgs
    $190,429
    Other
    $12,108
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,269 related
    Bonus
    $0 + $500 related
    Other
    $0 + $660 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,108 related
    Filer's total
    $0 + $202,537 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.1
Source object
202503179349306090

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