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Nonprofiteer
← THE SNEDEKER FOUNDATION

Form 990 for tax year 2023

Filed by THE SNEDEKER FOUNDATION.

Totals

Total revenue
$498,873
Total expenses
$187,270
Contributions and grants received
$210,374
Grants paid
$147,600
Program service revenue
$0
Investment income
$288,499
Other revenue
$0
Total assets, end of year
$3,956,244
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,956,244
Program services expenses (Part IX)
$147,600
Management and general expenses
$39,670
Fundraising expenses
$0
Program service expenses (Part III)
$147,600

Program services were 78.8% 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.

  • 1f · All other contributions, gifts and grants

    $210,374

  • 3 · Investment income

    total $104,897 · excluded $104,897

  • 7a · Gross sales of assets other than inventory

    securities $4,357,307 · other assets $3,685

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

    securities $4,177,390

  • 7c · Gain or loss

    securities $179,917 · other assets $3,685

  • 7d · Net gain or loss

    total $183,602 · related or exempt $183,602

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $147,600 · program services $147,600

  • 11a · Fees: management

    total $2,400 · management and general $2,400

  • 11b · Fees: legal

    total $1,950 · management and general $1,950

  • 11c · Fees: accounting

    total $2,190 · management and general $2,190

  • 11f · Fees: investment management

    total $31,446 · management and general $31,446

  • 23 · Insurance

    total $1,663 · management and general $1,663

  • 24a · Other expenses: BUSINESS REGISTRATION FEE

    total $21 · management and general $21

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $390,350 · end of year $783,767

  • 11 · Investments: publicly traded securities

    beginning of year $3,060,155 · end of year $3,172,477

  • 27 · Net assets without donor restrictions

    beginning of year $3,450,505 · end of year $3,956,244

Mission and programs · 2023

Mission

THE MISSION OF THE SNEDEKER FOUNDATION IS TO HELP UNDERPRIVILEGED CHILDREN ACCROSS THE COUNTRY, BUT PARTICULARLY IN THE MIDDLE TENNESSEE AREA WITH AN EMPHASIS ON ENCOURAGING SUCCESS IN THE CLASSROOM AND IN THEIR RESPECTIVE SPORTS. THE FOUNDATION HAS IMPLEMENTED EDUCATIONAL PROGRAMS AND SCHOLARSHIPS, COMBINING ATHLETICS, TEAM BUILDING, AND POSITIVE SOCIAL INTERACTION AMONG YOUTH OF DIFFERENT BACKGROUNDS, BUT THAT NEED ACCESS TO OPPORTUNITIES THAT THEY MAY NOT HAVE HAD OTHERWISE. THE FOUNDATION HOPES TO MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CHILDREN AND THEIR RESPECTIVE COMMUNITIES.

  • TO PROMOTE THE SPORT OF GOLF BY PROMOTING THE NASHVILLE GOLF OPEN AND PROVIDE SCHOLARSHIP PROGRAMS ESTABLISHED WITH OTHER ORGANIZATIONS. ALSO, THE ORGANIZATION PROVIDES SUPPORT TO OTHER NOT-FOR-PROFIT ORGANIZATIONS WITH AN EMPHASIS IN HELPING YOUTH AND LOCAL COMMUNITIES.

    Expenses $147,600 · Grants $147,600

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Amanda Snedeker

    PRESIDENT

    Total calculated
    $0

  • Brandt Snedeker

    VICE PRESIDE

    Total calculated
    $0

  • Jimmy Johnston

    SECRETARY

    Total calculated
    $0

  • Todd D Glisson

    TREASURER

    Total calculated
    $0

  • Daniel Crockett

    BOARD MEMBER

    Total calculated
    $0

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
31 May 2024
IRS schema version
2023v5.0
Source object
202411719349300446

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