Golden Cross Foundation

Nashville, TNUnknown exempt organizationEIN 46-2817120Revenue $458K in FY2024

On file with the IRSgoldencrossfoundation.org304 S Perimeter Park Dr Ste 9 · Nashville, TN

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Golden Cross Foundation is a non-profit religious organization whose purpose is to provide assistance in funding new and ongoing ministries and services with older adults in the local churches of the tennessee annual conference of the united methodist church and to provide expertise and strategic planning to the tennessee conference for the expansion of innovative and effective ministries with older adults.

82¢ of each $1 spent went to programs.
Run by 34 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average deficit $40K 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
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
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1.2M
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$458K
+109% vs prior year
Spent
$456K
To programs
82%
Net assets
$133K
By yearFY2020–FY2024
Revenue
$458K
FY2024▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2020$206K
FY2021$84K
FY2022$483K
FY2023$219K
FY2024$458K
Expenses
$456K
FY2024▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$361K
FY2021Not on file
FY2022$432K
FY2023$277K
FY2024$456K
Net assets
$133K
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$244K
FY2021$139K
FY2022$177K
FY2023$131K
FY2024$133K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $372K Management & general 18% · $84K Fundraising 0% · $126

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

24 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$91,000Pt VII · Sec A
$66,000Pt VII · Sec A
$41,600Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Golden Cross Foundation 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

Funds and plans ministries for older adults in United Methodist churches.

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Provided by the organization

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3 programs · $372K · in their own filed words · FY2024
01

Encore ministry foundation provides training and support, resources, and networking opportunities to equip church leaders for intentional ministry by, with, and for older adults. To meet the needs of an aging population, encore ministry foundation provides: one-on-one consultation training and support in older adult ministries resources…

$372Kprogram expense
02

Encore ministry foundation, in partnership with ut chattanoogas school of nursing, hosted two older adult ministry training events in 2024 in memphis and clarksville. Dozens of participants, both in person and via live streaming, listened to area experts speak on topics such as healthy aging, older adult ministry, congregational…

Pt IX · col B
03

Grants made by encore ministry foundation helped fund a variety of projects benefiting older adults. Grants given in 2024 supported: a pavilion and campfire renovation project at beersheba springs assembly lunch and learn programs for aging in place and leaving a legacy food pantry and food distribution programs restroom and parking lot…

Pt IX · col B

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$1.2M
Grants paid · 37 grants · $691K · 2020–2024
Individual RecipientFY2024$10,000
Individual RecipientFY2024$10,000
Ripley First United Methodist ChurcFY2024$10,000
Individual RecipientFY2024$10,000
Colonial United Methodist ChurchFY2024$10,000
Adamsville First United Methodist CFY2024$10,000
Individual RecipientFY2024$8,000
Individual RecipientFY2024$8,000
Mountain T O P INCTN · FY2024$5,000
Centertown United Methodist ChurchFY2023$10,000
Chapel Hill United Methodist ChurchFY2023$10,000
Mountain T O P INCTN · FY2022$20,000
Lavergne First United MethodistFY2022$10,000
McMinnville First United MethodistFY2022$10,000
Individual RecipientFY2022$10,000
See all 37 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$458K
Ln 12
Gifts and grantsLn 1h$446K
Investment incomeLn 3$7K
Fees for servicesLn 2g$5K
Money outPt IX
$456K
Ln 25
Programscol B$372K
Managementcol C$84K
Fundraisingcol D$126
Owns and owesPt X
$133K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$139K
LiabilitiesLn 26$6K
PeoplePt VI, VII
24
listed · VII A
PaidVII A3
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$446K
Fees for servicesLn 2g$5K
Investment incomeLn 3$7K
Other incomeLn 4–11$256
Gains on assetsLn 7$5K
Total revenueLn 12$458K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$86K
Other assetsLn 15$11K
Total assetsLn 16$139K
LiabilitiesLn 26$6K
Net assetsLn 32$133K
OperationsPt I, VI
EmployeesI 50
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$52K$42K
InvestmentsLn 11–13$80K$86K
Total assetsLn 16$131K$139K
LiabilitiesLn 26$0$6K
Net assetsLn 32$131K$133K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$91K$91K
Pay of current officers, directors and key staffLn 5$199K$159K$40K
Other salaries and wagesLn 7$8K$7K$2K
Other employee benefitsLn 9$35K$28K$7K
Payroll taxesLn 10$16K$13K$3K
Legal feesLn 11b$810$810
Accounting feesLn 11c$15K$15K
Professional fundraising feesLn 11e$126$126
Investment management feesLn 11f$686$686
Other fees for servicesLn 11g$38K$24K$15K
Advertising and promotionLn 12$749$749
Office expensesLn 13$11K$11K
Information technologyLn 14$15K$15K
Conferences, conventions and meetingsLn 19$6K$6K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$7K$5K$1K
All other expensesLn 24e$10K$10K$187
Total functional expensesLn 25$456K$372K$84K$126

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $458K$456K$2K$133K 990 PDF
FY2023 $219K$277K−$58K$131K 990 PDF
FY2022 $483K$432K$51K$177K 990 PDF
FY2021 $84K$139K 990 PDF
FY2020 $206K$361K−$155K$244K 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 FY2024 990 (6 parts)
Part I · Summary $457,929 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $210,452$445,898
I-9 Program service revenuePrior year $7,321$4,640
I-10 Investment income$7,135
I-11 Other revenuePrior year $1,275$256
I-12 Total revenuePrior year $219,048$457,929
I-13 Grants and similar amounts paidPrior year $143,618$91,151
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $25,770$258,035
I-16a Professional fundraising fees$126
I-17 Other expensesPrior year $107,185$106,936
I-18 Total expensesPrior year $276,573$456,248
I-19 Revenue less expensesPrior year −$57,525$1,681
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $457,929 across 9 lines filed
VIII-1b Membership dues$41,789
VIII-1d Related organizations$404,109
VIII-1h Total contributions, gifts and grants$445,898
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,640$4,640
VIII-3 Investment incomeExcluded from tax $2,421$2,421
VIII-7 Net gain or loss on sales of assetsExcluded from tax $4,714$4,714
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $256$256
VIII-12 Total revenueRelated to mission $4,896 · Unrelated business $0 · Excluded from tax $7,135$457,929
Part IX · Statement of functional expenses $456,248 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $91,151$91,151
IX-5 Pay of current officers, directors and key staffPrograms $158,880 · Management $39,720$198,600
IX-7 Other salaries and wagesPrograms $6,684 · Management $1,671$8,355
IX-9 Other employee benefitsPrograms $28,301 · Management $7,075$35,376
IX-10 Payroll taxesPrograms $12,563 · Management $3,141$15,704
IX-11b Legal feesManagement $810$810
IX-11c Accounting feesManagement $14,671$14,671
IX-11e Professional fundraising feesFundraising $126$126
IX-11f Investment management feesManagement $686$686
IX-11g Other fees for servicesPrograms $23,536 · Management $14,624$38,160
IX-12 Advertising and promotionPrograms $749$749
IX-13 Office expensesPrograms $10,925$10,925
IX-14 Information technologyPrograms $15,187$15,187
IX-19 Conferences, conventions and meetingsPrograms $6,491$6,491
IX-23 InsurancePrograms $2,655$2,655
IX-24 Other expenses (24a–d)Programs $5,356 · Management $1,259$6,615
IX-24e All other expensesPrograms $9,800 · Management $187$9,987
IX-25 Total functional expensesPrograms $372,278 · Management $83,844 · Fundraising $126$456,248
Part X · Balance sheet $139,043 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $51,772$41,560
X-12 Other securitiesStart of year $79,653$86,379
X-15 Other assets$11,104
X-16 Total assetsStart of year $131,425$139,043
X-17 Accounts payable and accrued expenses$5,660
X-26 Total liabilitiesStart of year $0$5,660
X-27 Net assets without donor restrictionsStart of year $131,425$109,269
X-28 Net assets with donor restrictions$24,114
X-32 Total net assets or fund balancesStart of year $131,425$133,383
X-33 Total liabilities and net assetsStart of year $131,425$139,043
Part XI · Reconciliation of net assets $133,383 net assets at year end
XI-1 Total revenue$457,929
XI-2 Total expenses$456,248
XI-3 Revenue less expenses$1,681
XI-4 Net assets at start of year$131,425
XI-5 Net unrealized gains (losses) on investments$277
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$133,383

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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