510 Foundation
615-294-7801
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510 Woodland St
Nashville, TN 37206
Organization Details

Fiscal Year

Fiscal Year Start

01/01/2018

Fiscal Year End

12/31/2018

Projected Revenue

$310,000.00

Projected Expenses

$260,000.00

Organizational Budgets and Other Documents

2015-2018 Budget 2018

IRS Letter of Exemption

510 Foundation IRS Letter

Detailed Financials

Revenue and Expenses
Fiscal Year201720162015
Total Revenue $340,714.00$239,027.00$247,608.00
Total Expenses $302,329.00$248,932.00$261,599.00
Revenue Less Expenses $38,385.00($9,905.00)($13,991.00)

Revenue Sources
Fiscal Year201720162015
Foundation and Corporation Contributions $50,000.00$107,500.00$186,426.00
Government - Federal $0.00$0.00$0.00
Government - State $0.00$0.00$0.00
Government - Local $0.00$0.00$0.00
Government - Unspecified $0.00$0.00$0.00
Individual Contributions $148,809.00$29,716.00$30,494.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $2,425.00$3,000.00$2,498.00
Investment Income, Net of Losses $137,946.00$71,890.00$13,906.00
Membership Dues $0.00$0.00$0.00
Special Events $1,534.00$0.00$0.00
Revenue In-Kind $0.00$0.00$0.00
Other $0.00$26,921.00$14,284.00

Expense Allocation
Fiscal Year201720162015
Program Expense $276,796.00$231,116.00$245,509.00
Administration Expense $23,307.00$17,816.00$16,090.00
Fundraising Expense $2,226.00$0.00$0.00
Total Revenue/Total Expenses 113%96%95%
Program Expense/Total Expenses 92%93%94%
Fundraising Expense/Contributed Revenue 1%0%0%

Top Funding Sources
Fiscal Year201720162015
Top Funding Source & Dollar Amount Contributions, Gifts, and Grants
$148,809.00
Foundations and Corporations
$107,500.00
Foundations and Corporations
$186,426.00
Second Highest Funding Source & Dollar Amount Investment Income
$137,946.00
Investment Income
$71,890.00
Contributions, Gifts, and Grants
$30,494.00
Third Highest Funding Source & Dollar Amount Foundations and Corporations
$50,000.00
Contributions, Gifts, and Grants
$29,716.00
Other revenue
$14,284.00

Assets and Liabilities
Fiscal Year201720162015
Total Assets $927,354.00$888,969.00$898,876.00
Current Assets $927,354.00$888,969.00$898,876.00
Long-Term Liabilities $0.00$0.00$0.00
Current Liabilities $0.00$0.00$0.00
Total Net Assets $927,354.00$888,969.00$898,876.00

Endowment Info

Do you have an endowment?

Yes

What is the value of the endowment?

$750,216.00

What is the spending policy for your endowment?

Percentage

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

June

Permit Expiration Year

2019

Form 990s

2017 990 2017
2016 990 2016
2015 990 2015
2014 990 2014

Audit Documents

510 Foundation 2017 Audit 2017
510 Foundation 2016 Audit 2016

CEO/Executive Director/Board Comments


The complete endowment access policy is as follows: 5% of the rolling 3-year average of net unrestricted assets, as calculated each December 31, may be accessed each year. The Board can override the policy if necessary with a simple majority vote.

Foundation Staff Comments


In 2014 and 2015, financial figures taken from 990. These 990s are prepared internally by nonprofit. From 2016 forward, financial figures are taken from the Audit. In 2016 & 2017, audit documents and Form 990 are prepared by Brown & Maguire, CPAs, PLLC. Comments provided by Nicole Rose 06/11/2018.