Forward Sumner Economic Partnership FY2020 filing

Not tax-deductible

Gallatin, TN501(c)(6)Community DevelopmentEIN 04-3686852Revenue $321K in FY2020

On file with the IRSforwardsumner.org1598 Greenlea Blvd, 37066-8657 · Gallatin, TNTax-exempt since Aug 2002

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The organization's purpose is to unite business, community and government to promote and foster the Economic development and prosperity of Sumner county for the benefit of all citizens.

69¢ of each $1 spent went to programs.
$134K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $2K a year · under 1% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$134K
to officers and key staff · 44% of spending
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
7 mo
of spending, in cash
Looks good: 7.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $2K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$9K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 21 voting members
Concern: none of 21 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$321K
Spent
$303K
To programs
69%
Net assets
$193K
By yearFY2020–FY2025
Revenue
$321K
FY2020
Revenue by fiscal year
FY2020$321K
FY2021$316K
FY2022$397K
FY2023$339K
FY2024$800K
FY2025$361K
Expenses
$303K
FY2020
Expenses by fiscal year
FY2020$303K
FY2021$339K
FY2022$375K
FY2023$378K
FY2024$621K
FY2025$528K
Net assets
$193K
FY2020
Net assets by fiscal year
FY2020$193K
FY2021$170K
FY2022$221K
FY2023$181K
FY2024$360K
FY2025$193K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $208K Management & general 20% · $59K Fundraising 11% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

21 people listed on the 990; $134K paid to officers and key staff.

Part VII, Section A · reportable compensation
President &
$134,422Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Incoming Cha
$0Pt VII · Sec A
Past Chair
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A
Board Direct
$0Pt VII · Sec A

Jimmy Johnston’s $130K as President/Ce is at the 86th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Jimmy Johnston$130,000$157,515$134,422

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Forward Sumner Economic Partnership executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Unites business, community, and government to boost Sumner County's economic prosperity.

Provided by the organization

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1 program · $208K · in their own filed words · FY2020
01

The organization's purpose is to unite business, community and government to promote and foster the economic development and prosperity of sumner county for the benefit of all citizens.

$208Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$2K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$321K
Ln 12
Gifts and grantsLn 1h$321K
Investment incomeLn 3$144
Money outPt IX
$303K
Ln 25
Programscol B$208K
Managementcol C$59K
Fundraisingcol D$35K
Owns and owesPt X
$193K
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$202K
LiabilitiesLn 26$9K
PeoplePt VI, VII
21
listed · VII A
PaidVII A1
Voting boardVI 1a21
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$321K
Government grantsLn 1e$321K
Investment incomeLn 3$144
Total revenueLn 12$321K
Assets in detailPt X, end of year
CashLn 1$102K
SavingsLn 2$85K
Cash and savings togetherLn 1–2$187K
Total assetsLn 16$202K
LiabilitiesLn 26$9K
Net assetsLn 32$193K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$144K$187K
Total assetsLn 16$175K$202K
LiabilitiesLn 26$852$9K
Net assetsLn 32$174K$193K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$134K$121K$13K
Other salaries and wagesLn 7$41K$27K$9K$5K
Payroll taxesLn 10$13K$9K$3K$2K
Accounting feesLn 11c$2K$2K
Office expensesLn 13$990$653$218$119
OccupancyLn 16$15K$15K
TravelLn 17$4K$3K$871$475
Conferences, conventions and meetingsLn 19$8K$7K$75
InsuranceLn 23$8K$5K$2K$917
Other expenses (24a–d)Ln 24$76K$21K$29K$27K
All other expensesLn 24e$180$118$40$22
Total functional expensesLn 25$303K$208K$59K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $361K$528K−$167K$193K 990 PDF
FY2024 $800K$621K$179K$360K 990 PDF
FY2023 $339K$378K−$39K$181K 990 PDF
FY2022 $397K$375K$22K$221K 990 PDF
FY2021 $316K$339K−$23K$170K 990 PDF
FY2020 Viewing $321K$303K$19K$193K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $321,294 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $234,125$321,150
I-9 Program service revenue$0
I-10 Investment incomePrior year $67$144
I-11 Other revenue$0
I-12 Total revenuePrior year $234,192$321,294
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $166,084$188,660
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $112,391$113,846
I-18 Total expensesPrior year $278,475$302,506
I-19 Revenue less expensesPrior year −$44,283$18,788
Part VI · Governance 0 of 21 board members independent, 1 to look at
VI-1a Voting members of the governing body21
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $321,294 across 4 lines filed
VIII-1e Government grants$321,150
VIII-1h Total contributions, gifts and grants$321,150
VIII-3 Investment incomeRelated to mission $144$144
VIII-12 Total revenueRelated to mission $144$321,294
Part IX · Statement of functional expenses $302,506 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $120,980 · Management $13,442$134,422
IX-7 Other salaries and wagesPrograms $26,920 · Management $8,973 · Fundraising $4,895$40,788
IX-10 Payroll taxesPrograms $8,877 · Management $2,959 · Fundraising $1,614$13,450
IX-11c Accounting feesManagement $2,115$2,115
IX-13 Office expensesPrograms $653 · Management $218 · Fundraising $119$990
IX-16 OccupancyPrograms $15,000$15,000
IX-17 TravelPrograms $2,615 · Management $871 · Fundraising $475$3,961
IX-19 Conferences, conventions and meetingsPrograms $7,425 · Management $75$7,500
IX-23 InsurancePrograms $5,041 · Management $1,681 · Fundraising $917$7,639
IX-24 Other expenses (24a–d)Programs $20,707 · Management $29,119 · Fundraising $26,635$76,461
IX-24e All other expensesPrograms $118 · Management $40 · Fundraising $22$180
IX-25 Total functional expensesPrograms $208,336 · Management $59,493 · Fundraising $34,677$302,506
Part X · Balance sheet $201,868 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $68,508$101,767
X-2 Savings and temporary cash investmentsStart of year $75,000$85,101
X-3 Pledges and grants receivableStart of year $31,500$15,000
X-16 Total assetsStart of year $175,008$201,868
X-17 Accounts payable and accrued expensesStart of year $852$8,924
X-26 Total liabilitiesStart of year $852$8,924
X-27 Net assets without donor restrictionsStart of year $142,656$177,944
X-28 Net assets with donor restrictionsStart of year $31,500$15,000
X-32 Total net assets or fund balancesStart of year $174,156$192,944
X-33 Total liabilities and net assetsStart of year $175,008$201,868
Part XI · Reconciliation of net assets $192,944 net assets at year end
XI-1 Total revenue$321,294
XI-2 Total expenses$302,506
XI-3 Revenue less expenses$18,788
XI-4 Net assets at start of year$174,156
XI-10 Net assets at end of year$192,944

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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