2024-11-07T15:13:41+00:00 2023-12-31 560574444 CHERRY BEKAERT LLP 222 SECOND AVENUE SOUTH SUITE 1240 NASHVILLE TN 37201 990 2023-01-01 510196924 YMCA FOUNDATION OF MIDDLE TENNESSEE YMCA 6152599622 1000 CHURCH STREET NASHVILLE TN 372033420 Marcy Towns CFO 6152599622 2024-11-07 true RYAN BLANKENSHIP P01336455 6153836592 2024-11-07 2023 2024-10-15 13:58:12Z Marcy Towns 1000 CHURCH STREET NASHVILLE TN 372033420 7802049 false X WWW.YMCAFOUNDATION.ORG X 1969 TN Endowment Fund 17 17 0 21 0 0 659009 1390301 0 466344 449308 178 0 1125531 1839609 495696 673796 0 0 30240 30240 57871 83030 108010 608966 812046 516565 1027563 12450739 15018161 501543 523865 11949196 14494296 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. false false 673796 673796 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 2023, the Foundation made grants to the YMCA totaling $673,796. 632 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 2023, there were no disbursements made from these funds. 674428 true true false false true false false false true false false false false false true true false false false false false false true false false false true false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false false false false X 17 17 false false false false false false false true true false false true true true true false false false false false TN X X Marcy Towns 6152599622 1000 CHURCH STREET NASHVILLE TN 37203 Bob Napier Treasurer 1.0 X X 0 0 0 Charley Martin Treasurer 1.0 X X 0 0 0 Joe Levi Board Chair 1.0 X X 0 0 0 Allen Bryan Board of Directors 1.0 X 0 0 0 Charlie Bryan Board of Directors 1.0 X 0 0 0 David Wilds Board of Directors 1.0 X 0 0 0 Decosta Jenkins Board of Directors 1.0 X 0 0 0 Dennis Scandrett Board of Directors 1.0 X 0 0 0 Dick Murphy Board of Directors 1.0 X 0 0 0 Ginger Hale Board of Directors 1.0 X 0 0 0 Jeff Young Board of Directors 1.0 X 0 0 0 John Groomes Board of Directors 1.0 X 0 0 0 Lawson Allen Board of Directors 1.0 X 0 0 0 Leslie Hay Board of Directors 1.0 X 0 0 0 Lise Bohannon Board of Directors 1.0 X 0 0 0 Roy Jordan Board of Directors 1.0 X 0 0 0 Tommy Estes Board of Directors 1.0 X 0 0 0 Tony Wall Board of Directors 1.0 X 0 0 0 Trudy Carpenter Board of Directors 1.0 X 0 0 0 Walt Leaver Board of Directors 1.0 X 0 0 0 Walter Hale Board of Directors 1.0 X 0 0 0 Jessica Fain Chief Strategy Officer 5.0 40.0 X 0 219843 27568 John Mikos President and CEO 2.0 45.0 X 0 400729 37330 Joseph W Harwell Chief Financial Officer 5.0 40.0 X 0 29644 3414 Julie Sistrunk Chief Development Officer 20.0 25.0 X 0 214080 33938 Marcy Towns Chief Financial Officer 5.0 40.0 X 0 135863 8382 0 1000159 110632 0 false true false 0 0 0 0 0 0 1390301 4532 1390301 0 0 0 0 0 307253 307253 0 0 6104495 5962440 142055 0 142055 142055 0 0 0 0 0 1839609 0 0 449308 673796 673796 0 0 18034 18034 30240 30240 0 0 0 0 15000 15000 10922 10922 0 0 0 0 Leased Employee Expenses 56188 56188 Miscellaneous Employee Spend 5525 5525 Miscellaneous Expenses 2341 632 1709 0 0 0 0 812046 674428 79747 57871 139746 14544 88451 82960 49489 22768 0 0 0 0 0 0 0 0 11773581 14483655 0 0 399472 414234 12450739 15018161 5847 12069 495696 511796 0 0 0 0 0 0 0 0 0 0 501543 523865 10878490 12371586 1070706 2122710 11949196 14494296 12450739 15018161 X 1027563 1557915 -52640 12262 X false true X true false X X 1 YMCA of Middle Tennessee 620476243 7 true 673796 0 1 673796 0 true false false false false true false false false false false false false false false false Schedule A, Part IV, Section A, Line 6 Support to other supported orgs The Foundation also maintains a few 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 2023, none of these funds were disbursed to support charitable organizations in Nashville, TN. Schedule A, Part IV, Section C, Line 1 Majority director detail The CFO, CSO and CDO of the supported organization, the YMCA of Middle Tennessee, are involved in supervising the Foundation activities and thus establishes "Type II" status. In addition, over 25% of the support organization's board members are also board members of the supported organization. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 7352 true true 1070706 1052004 0 2122710 1053717 16989 0 1070706 953717 100000 0 1053717 953717 0 953717 965552 -11835 0 953717 0.0 0.0 1.0 false false Liability associated with charitable gift annuities 0 0 X 3359646 1557915 14762 1572677 1786969 52640 0 52640 1839609 814546 0 0 814546 -2500 -2500 812046 Schedule D, Part V, Line 4 Intended uses of endowment funds The organization's endowment funds benefit the YMCA of Middle Tennessee, giving priority to major maintenance, modernization or expansion of facilities, extension of services, and developing and training professional leadership. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation qualifies as a not-for-profit organization exempt from federal income taxes under Section 50l(c)(3) of the Internal Revenue Code. No provision for federal income taxes is included in the accompanying financial statements. The Foundation files a U.S. federal Form 990 and Form 990T for organizations exempt from income tax. The Foundation follows Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") guidance related to unrecognized tax benefits. The guidance clarifies the accounting for uncertainty in income taxes recognized in an organization's financial statements. This guidance prescribes a minimum probability threshold that a tax position must meet before a financial statement benefit is recognized. The minimum threshold is defined as a tax position that is more likely than not to be sustained upon examination by the applicable taxing authority, including resolution of any related appeals or litigation processes, based on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than 50% likely of being realized upon ultimate settlement. The Foundation has no tax penalties or interest reported in the accompanying financial statements. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 CSV of Life Insurance Policies - 14762 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Bad Debt Expense - Pledge Write Offs - -2500 X X X X X X true Clark D Baker 207 Belclaire Place Nashville TN 37205 Fundraising Consultation Services false 30240 -30240 0 30240 -30240 TN true YMCA of Middle Tennessee 1000 Church Street Nashville TN 37203 620476243 673796 General Fund 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Foundation does not monitor the use of grant funds. Grants are primarily made to the YMCA of Middle Tennessee and/or to, a much lesser extent, other 501c(3) organizations. The majority of the other 501c(3) organizations are Nashville based. false false false false false false false false John Mikos President and CEO 0 332862 0 66871 0 996 0 33654 0 3676 0 438059 0 0 Julie Sistrunk Chief Development Officer 0 213104 0 0 0 976 0 22458 0 11480 0 248018 0 0 Jessica Fain Chief Strategy Officer 0 219247 0 0 0 596 0 22438 0 5130 0 247411 0 0 Form 990, Part VI, Line 15 Compensation of Officers and Employees The Foundation does not compensate its officers or employees. Such persons are compensated by the YMCA of Middle Tennessee. The YMCA and the YMCA Foundation mutually agree upon the percentage of time that Foundation employees dedicate to their Foundation duties, and the Foundation reimburses the YMCA for that percentage of their compensation. Form 990, Part VI, Line 11b Review of form 990 by governing body The YMCA's CFO works with the Foundation's auditors to prepare the 990. After being reviewed by the CFO, the 990 is distributed to board members via e-mail and/or regular mail prior to it being filed with the IRS. Board members are afforded what the organization believes to be a reasonable amount of time to review the 990. Board members are requested to notify the CFO when they have completed their review. Form 990, Part VI, Line 12c Conflict of interest policy The organization utilizes the Conflicts Committee of the YMCA of Middle Tennessee, which is composed of 2 to 3 volunteers. This committee annually distributes a copy of the Foundation's conflicts policy and a disclosure statement. The disclosure statements are reviewed by the Conflicts Committee. The Conflicts Committee has full power to evaluate and approve or disapprove any transaction presented as a potential conflict. Board members and senior executives are under a continuing responsibility to notify the Conflicts Committee about potential conflicts that may arise prior to the distribution of the next annual disclosure statement. Any member of the Foundation's board who has a potential conflict of interest in a specific action under consideration at a board meeting is expected to recuse him/herself from any influence on such action, request the minutes of the meeting noting his or her abstention and, where appropriate, leave the room during discussion of the action. Form 990, Part VI, Line 19 Required documents available to the public The Foundation's Form 990 is available to the public on the YMCA of Middle Tennessee's website at www.ymcamidtn.org/ymca-foundation-middle-tennessee/about-foundation. Its governing documents and conflict of interest policy are available upon request. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CSV of Life Insurance Policies - 14762; Bad Debt - Pledge Write Offs - -2500; YMCA of Middle Tennessee 1000 Church Street Nashville TN 37203 620476243 See Part VII TN 501(c)(3) 7 NA false false true false false false false false false false false false false false true true true false false false Schedule R, Part II, Column (b) Primary Activity A worldwide charitable fellowship united by a common loyalty to Jesus Christ for the purpose of helping people grow in spirit, mind and body.