The Carl Malone Foundation INC

Cleveland, TNUnknown exempt organization EIN 20-4765874Revenue $318K in FY2023

On file with the IRSmercysdoor.net3365 Little John Circle Se · Cleveland, TN

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The organization operates homes in dalton, ga that serve at risk youth ages 6 to 17 who have been abused, neglected, abandoned, homeless or victimized by their parents and family.

91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $57K a year · 12% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
4
of 7 voting members
Looks good: 4 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$318K
+200% vs prior year
Spent
$70K
To programs
91%
Net assets
$0
By yearFY2020–FY2023
Revenue
$318K
FY2023▲ +200%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.0M
FY2021$508K
FY2022$106K
FY2023$318K
Expenses
$70K
FY2023▼ -37%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$478K
FY2022$111K
FY2023$70K
Net assets
$0
FY2023▲ +100%
Tap a bar for its year
Net assets by fiscal year
FY2020−$258K
FY2021−$227K
FY2022−$232K
FY2023$0

From the FY2023 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $64K Management & general 9% · $6K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chief Financial Officer
$0Pt VII · Sec A
CEO/President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2021FY2020
Paula Malone$35,256$81,003
Randall Malone$17,430$43,160
Carl Malone$12,450$43,160
Kodi Malone$11,628$36,888
Kelli Suits$3,012$8,419

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 The Carl Malone Foundation INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides safe homes for abused, neglected, and homeless youth aged 6-17.

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Provided by the organization

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1 program · $64K · in their own filed words · FY2023
01

The organization operates homes in dalton, georgia. These homes serve at risk youth ages 6 to 17 who have been abused, neglected, abandoned, homeless or victimized by their parents and family. It has received licensure with the state of georgia including approval by state agencies such as DFCS and DJJ.

$64Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$11

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$318K
Ln 12
Gifts and grantsLn 1h$259K
Fees for servicesLn 2g$59K
Money outPt IX
$70K
Ln 25
Programscol B$64K
Managementcol C$6K
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Fees for servicesLn 2g$59K
Total revenueLn 12$318K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 541
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$14K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5K$0
Total assetsLn 16$31K$0
LiabilitiesLn 26$262K$0
Net assetsLn 32−$232K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$13K$13K
Other salaries and wagesLn 7$33K$33K
Payroll taxesLn 10$3K$3K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$174$174
Advertising and promotionLn 12$537$537
Office expensesLn 13$256$256
Information technologyLn 14$401$401
OccupancyLn 16$13K$13K
InterestLn 20$44$44
Other expenses (24a–d)Ln 24$4K$3K$1K
All other expensesLn 24e$126$126
Total functional expensesLn 25$70K$64K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest Viewing $318K$70K$248K$0 990 PDF
FY2022 $106K$111K−$5K−$232K 990 PDF
FY2021 $508K$478K$31K−$227K 990 PDF
FY2020 $1.0M$1.1M−$46K−$258K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $318,405 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$259,166
I-9 Program service revenuePrior year $100,469$59,239
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $5,842$0
I-12 Total revenuePrior year $106,311$318,405
I-13 Grants and similar amounts paidPrior year $0$12,517
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $65,722$35,139
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $45,185$22,432
I-18 Total expensesPrior year $110,907$70,088
I-19 Revenue less expensesPrior year −$4,596$248,317
Part VI · Governance 4 of 7 board members independent, 5 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $318,405 across 4 lines filed
VIII-1f All other contributions, gifts and grants$259,166
VIII-1h Total contributions, gifts and grants$259,166
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,239$59,239
VIII-12 Total revenueRelated to mission $59,239 · Unrelated business $0 · Excluded from tax $0$318,405
Part IX · Statement of functional expenses $70,088 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $12,517$12,517
IX-7 Other salaries and wagesPrograms $32,509$32,509
IX-10 Payroll taxesPrograms $2,630$2,630
IX-11c Accounting feesManagement $4,285$4,285
IX-11g Other fees for servicesManagement $174$174
IX-12 Advertising and promotionPrograms $537$537
IX-13 Office expensesManagement $256$256
IX-14 Information technologyManagement $401$401
IX-16 OccupancyPrograms $12,589$12,589
IX-20 InterestManagement $44$44
IX-24 Other expenses (24a–d)Programs $2,988 · Management $1,032$4,020
IX-24e All other expensesPrograms $126$126
IX-25 Total functional expensesPrograms $63,896 · Management $6,192 · Fundraising $0$70,088
Part X · Balance sheet $0 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $14,253$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivableStart of year $76$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $11,253$0
X-10c Land, buildings and equipment, netStart of year $4,997$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $30,579$0
X-26 Total liabilitiesStart of year $262,393$0
X-27 Net assets without donor restrictionsStart of year −$231,814$0
X-32 Total net assets or fund balancesStart of year −$231,814$0
X-33 Total liabilities and net assetsStart of year $30,579$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$318,405
XI-2 Total expenses$70,088
XI-3 Revenue less expenses$248,317
XI-4 Net assets at start of year−$231,814
XI-9 Other changes in net assets−$16,503
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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