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Nonprofiteer
← PROPERTIES TR

Form 990 for tax year 2025

Filed by PROPERTIES TR.

Totals

Total revenue
$291,275
Total expenses
$758,888
Contributions and grants received
$291,275
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$28,137,971
Total liabilities, end of year
$5,000,000
Net assets or fund balances, end of year
$23,137,971
Program services expenses (Part IX)
$682,585
Management and general expenses
$57,227
Fundraising expenses
$19,076
Program service expenses (Part III)
$682,585

Program services were 89.9% 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.

  • 1f · All other contributions, gifts and grants

    $291,275

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $65,674 · program services $65,674

  • 10 · Payroll taxes

    total $5,099 · program services $5,099

  • 11g · Fees: other

    total $1,041 · program services $1,041

  • 16 · Occupancy

    total $48,067 · program services $48,067

  • 22 · Depreciation, depletion and amortization

    total $635,555 · program services $559,288 · management and general $57,200 · fundraising $19,067

  • 23 · Insurance

    total $299 · program services $263 · management and general $27 · fundraising $9

  • 24a · Other expenses: MISCELLANEOUS

    total $3,153 · program services $3,153

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,065,251 · end of year $497,644

  • 2 · Savings and temporary cash investments

    beginning of year $1,030,765 · end of year $484,442

  • 3 · Pledges and grants receivable

    beginning of year $1,701,783 · end of year $1,171,795

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

    $38,839,668

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

    $12,855,578

  • 10c · Land, buildings and equipment, net

    beginning of year $17,462,202 · end of year $25,984,090

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,125,819

  • 23 · Secured mortgages and notes payable

    end of year $5,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $17,350,346 · end of year $13,839,423

  • 28 · Net assets with donor restrictions

    beginning of year $4,783,836 · end of year $9,298,548

Mission and programs · 2025

Mission

THE PROPERTIES TRUST UNDER AGREEMENT DATED JUNE 12, 2020 (THE 'PROPERTIES TRUST') IS A TENNESSEE CHARITABLE TRUST WHOSE PURPOSE IS TO SUPPORT THE ACTIVITIES, PURPOSES, AND MISSION OF THE MIDDLE TENNESSEE COUNCIL, INC., BOY SCOUTS OF AMERICA ('MTC'), A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE THAT HAS BEEN IN EXISTENCE FOR NEARLY 90 YEARS. FURTHER, THE PROPERTIES TRUST HAS BEEN ESTABLISHED TO BE A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTON 509(A)(3) OF THE CODE (A 'SUPPORTING ORGANIZATION') AND, MORE SPECIFICALLY, A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3)(B)(I) OF THE CODE (A 'TYPE I SUPPORTING ORGANIZATION') WITH RESPECT TO MTC.

Activities or mission (Part I)

SUPPORT THE ACTIVITIES, PURPOSES, AND MISSION OF THE MIDDLE TENNESSEE BOY SCOUTS OF AMERICA.

  • THE PROPERTIES TRUST UNDER AGREEMENT DATED JUNE 12, 2020 (THE 'PROPERTIES TRUST') IS A TENNESSEE CHARITABLE TRUST WHOSE PURPOSE IS TO SUPPORT THE ACTIVITIES, PURPOSES, AND MISSION OF THE MIDDLE TENNESSEE COUNCIL, INC., BOY SCOUTS OF AMERICA ('MTC'), A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE CODE THAT HAS BEEN IN EXISTENCE FOR NEARLY NINETY YEARS. FURTHER, THE PROPERTIES TRUST HAS BEEN ESTABLISHED TO BE A SUPPORTING ORGANIZATION WITHIN THE MEANING OF SECTON 509(A)(3) OF THE CODE (A 'SUPPORTING ORGANIZATION') AND, MORE SPECIFICALLY, A TYPE I SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3)(B)(I) OF THE CODE (A 'TYPE I SUPPORTING ORGANIZATION') WITH RESPECT TO MTC.

    Expenses $682,585

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HARRY HILL MCALISTER V

    CHAIR AND TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • GREG CASHION

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CRAIG BECKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • STEVE BLACKMON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JOHN HARNEY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CLAY BRIGHT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • PHIL PFEFFER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 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.

Grants on this return

No itemized grants to organizations 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
2025
Filed
17 August 2026
IRS schema version
2025v4.2
Source object
202632309349302348

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