Highlands Foundation

EIN 47-4663108 Public charity (501(c)(3)) Cookeville, TN

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Size

<$100K

What they do

A community improvement nonprofit based in Cookeville, TN. It reported about $93K in revenue for 2023.

Leadership

Geoff Root · Chairman

Money in and out

$93K revenue

Bottom line

128.6mo operating runway

A community improvement nonprofit based in Cookeville, TN. It reported about $93K in revenue for 2023. For fiscal year 2023 it reported $93K in revenue, — in expenses, and $193K in net assets.Pt I

Where the money goes · FY2023

Total revenue

$93K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$193K

Pt X · Ln 32

Operating runway

128.6mo

months of highly liquid reserves at operating expense rate▲ +591% vs prior filing year

Surplus margin

+80%

revenue over expenses, this year▲ +142% vs prior filing year

Donor-funded

100%

of revenue is gifts & grants0% vs prior filing year

Summary of the Filing

Part I · fiscal year 2023 · Form 990-EZ

Revenue

$93K

FY2023▼ -36%

Total revenue

$93K

Pt VIII · Ln 12

Total expenses

—

Pt IX · Ln 25

Net assets

$193K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19—

Total assetsPt X · Ln 16—

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 3pending

Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item CHighlands Foundation

EINHdr · item D47-4663108

Principal addressHdr · item CCookeville, TN

WebsiteHdr · item Jwww.cookevillechamber.com

Year of formationHdr · item Lpending

State of legal domicileHdr · item MTN

Exempt statusHdr · item I501(c)(3) · active

NTEE classificationIRS BMFCommunity Development (S20)

Ruling yearIRS BMFApr 2016

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1apending

Independent voting membersPt VI · Ln 1bpending

Conflict-of-interest policyPt VI · Ln 12a—

Whistleblower policyPt VI · Ln 13—

Document retention policyPt VI · Ln 14—

CEO/top-official compensation independently reviewedPt VI · Ln 15a—

Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Geoff Root

Chairman

$0Pt VII · Sec A

Mike Porten

Vice Chairma

$0Pt VII · Sec A

Philip Clemmons

Secretary/Tr

$0Pt VII · Sec A

Jay Albrecht

Board Member

$0Pt VII · Sec A

Philip Oldham

Board Member

$0Pt VII · Sec A

Marty Maynord

Board Member

$0Pt VII · Sec A

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Statement of Revenue

Part VIII

Other revenue100%$93K

Total revenueLn 12$93K

Balance Sheet

Part X · end of year

CashLn 1—

Total assetsLn 16—

Total liabilitiesLn 26$11K

Total net assetsLn 32$193K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $198K · Operating expenses/yr $18K

128.6 months

Where the money goes

Program services

not reported

Management & General

not reported

Fundraising

not reported

Cost to raise $1

not reported

Where the money comes from

Contribution dependence

Contributions & grants $93K · Total revenue $93K

100%

Government reliance

not reported

Earned-income share

Program service revenue — · Total revenue $93K

—

Investment reliance

Investment income — · Total revenue $93K

—

Program self-sufficiency

Program service revenue — · Total expenses $18K

Rests on the self-reported EZ program figure

Growth & trend

Revenue growth (YoY)

This year $93K · Prior year $146K

-36%

Net-asset trend (YoY)

End of year $193K · Beginning of year $118K

+63%

Balance sheet

Surplus Margin

Revenue $93K · Expenses $18K

+80%

Liabilities-to-Assets

Total liabilities $11K · Total assets $204K

Net-asset ratio

Net assets $193K · Total assets $204K

95%

People & payroll

Highest Reported Total Compensation

Individual Geoff Root · Reported title CHAIRMAN · Highest reported compensation $0 · Total expenses $18K

Personnel share

Salaries & benefits — · Total expenses $18K

Form 990-EZ bundles compensation — not comparable to full-990 filers

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	-36%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record

Grants received · FY2024

American Online Giving Foundation INCFY2024$20K

Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2023 (Latest)$93K revenue · viewing · ⤓ 990 PDF

FY2022$146K revenue · ⤓ 990 PDF

FY2021$77K revenue · ⤓ 990 PDF

FY2020$73K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2023IRS

Classification, formation year, addressIRS Business Master File

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