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Nonprofiteer
← YMCA FOUNDATION OF MIDDLE TENNESSEE

Form 990 for tax year 2022

Filed by YMCA FOUNDATION OF MIDDLE TENNESSEE.

Totals

Total revenue
$1,125,531
Total expenses
$608,966
Contributions and grants received
$659,009
Grants paid
$495,696
Program service revenue
$0
Investment income
$466,344
Other revenue
$178
Total assets, end of year
$12,450,739
Total liabilities, end of year
$501,543
Net assets or fund balances, end of year
$11,949,196
Program services expenses (Part IX)
$496,340
Management and general expenses
$51,104
Fundraising expenses
$61,522
Program service expenses (Part III)
$496,340

Program services were 81.5% 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

    $659,009

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $224,022 · excluded $224,022

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $4,090,986

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

    securities $3,848,664

  • 7c · Gain or loss

    securities $242,322 · other assets $0

  • 7d · Net gain or loss

    total $242,322 · excluded $242,322

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $178 · excluded $178

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $178

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $495,696 · program services $495,696

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 11c · Fees: accounting

    total $11,050 · management and general $11,050

  • 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 $16,500 · fundraising $16,500

  • 19 · Conferences, conventions and meetings

    total $14,724 · fundraising $14,724

  • 21 · Payments to affiliates

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

  • 24a · Other expenses: Leased Employee Expenses

    total $37,449 · management and general $37,449

  • 24b · Other expenses: Miscellaneous Employee Spend

    total $2,605 · management and general $2,605

  • 24c · Other expenses: Miscellaneous Expenses

    total $702 · program services $644 · fundraising $58

  • 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 $124,359 · end of year $139,746

  • 2 · Savings and temporary cash investments

    beginning of year $643,416 · end of year $88,451

  • 3 · Pledges and grants receivable

    beginning of year $67,700 · end of year $49,489

  • 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 $12,594,780 · end of year $11,773,581

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $385,137 · end of year $399,472

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,814 · end of year $5,847

  • 18 · Grants payable

    beginning of year $473,596 · end of year $495,696

  • 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 $12,282,265 · end of year $10,878,490

  • 28 · Net assets with donor restrictions

    beginning of year $1,053,717 · end of year $1,070,706

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

Mission and programs · 2022

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 2022, the Foundation made grants to the YMCA totaling $495,696.

    Expenses $495,696 · Grants $495,696

  • 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 2022, there were no disbursements made from these funds.

    Expenses $644

As filed on the 2022 return.

Listed in Part VII

  • Charley Martin

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Joe Levi

    Board Chair

    Total calculated
    $0
    Hours/week
    1

  • Allen Bryan

    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

  • Decosta Jenkins

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Dennis Scandrett

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Dick Murphy

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Ginger Hale

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Jeff Young

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Lawson Allen

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Lise Bohannon

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Tommy Estes

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Trudy Carpenter

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Walt Leaver

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Walter Hale

    Board of Directors

    Total calculated
    $0
    Hours/week
    1

  • Christopher Tointon

    President & CEO

    Total calculated
    $448,347
    From this org
    $0
    From related orgs
    $414,064
    Other
    $34,283
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $266,894 related
    Bonus
    $0 + $146,800 related
    Other
    $0 + $370 related
    Deferred
    $0 + $26,712 related
    Nontaxable benefits
    $0 + $7,571 related
    Filer's total
    $0 + $448,347 related

  • Jessica Fain

    Chief Strategy Officer

    Total calculated
    $225,569
    From this org
    $0
    From related orgs
    $201,253
    Other
    $24,316
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,649 related
    Bonus
    $0 + $11,000 related
    Other
    $0 + $604 related
    Deferred
    $0 + $19,013 related
    Nontaxable benefits
    $0 + $5,303 related
    Filer's total
    $0 + $225,569 related

  • Joseph W Harwell

    Chief Financial Officer

    Total calculated
    $233,234
    From this org
    $0
    From related orgs
    $203,932
    Other
    $29,302
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,631 related
    Bonus
    $0 + $11,000 related
    Other
    $0 + $1,301 related
    Deferred
    $0 + $19,248 related
    Nontaxable benefits
    $0 + $10,054 related
    Filer's total
    $0 + $233,234 related

  • Julie Sistrunk

    Chief Development Officer

    Total calculated
    $249,320
    From this org
    $0
    From related orgs
    $216,891
    Other
    $32,429
    Hours/week
    20 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,870 related
    Bonus
    $0 + $11,000 related
    Other
    $0 + $1,021 related
    Deferred
    $0 + $20,595 related
    Nontaxable benefits
    $0 + $11,834 related
    Filer's total
    $0 + $249,320 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
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349304034

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