Trezevant Manor Foundation FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)Since 1980Health CareEIN 58-1430713

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To enhance the quality of life of current and future residents while providing support to staff seeking educational advancement

501(c)(3) charity; gifts are tax-deductible.
31¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
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
4 of 5
filings with a surplus
Average surplus $1.3M a year · 75% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
31%
of spending
Concern: 31% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $574K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$182K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$936K
-81% vs prior year
Spent
$573K
To programs
31%
Net assets
$11.6M
By yearFY2020–FY2024
Revenue
$936K
FY2023▼ -81%
Revenue by fiscal year
FY2020$495K
FY2021$728K
FY2022$5.0M
FY2023$936K
FY2024$1.6M
FY2024$2.3M
Expenses
$573K
FY2023▲ +97%
Expenses by fiscal year
FY2020$521K
FY2021$441K
FY2022$292K
FY2023$573K
FY2024$328K
FY2024$675K
Net assets
$11.6M
FY2023▲ +9%
Net assets by fiscal year
FY2020$5.4M
FY2021$6.4M
FY2022$10.6M
FY2023$11.6M
FY2024$13.5M
FY2024$15.1M

From the FY2023 Form 990 (year ending July 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1981.

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

Where the money goes

31 cents of each dollar spent went to programs.

Program services 31% · $177K Management & general 36% · $206K Fundraising 33% · $190K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
Director of Foundation
$0Pt VII · Sec A
See Trezevant Manor 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

Collects donated gifts for various designated purposes.

Provided by the organization

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2 program services account for $177K of program spending, described in the organization's own filed words · FY2022.
01

The trezevant foundation was created in 1981 and chartered as a separate not-for-profit entity to support trezevant's commitment to each lifecare resident. The trezevant foundation provides support to residents, staff, families and area non-profits in memphis, tennessee.

$158Kprogram expense
02

Trezevant STAFF/EMPLOYEES can apply for scholarships to further their education and the foundation also supports other non-profits in the memphis and mid-south area.

$19Kprogram expense

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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 · FY2024
See all 3 funders →
Grants paid · 14 grants · $585K · 2019–2024
Unitemized GrantFY2024$131,060
Unitemized GrantFY2024$17,475
Unitemized GrantFY2023$51,102
Unitemized GrantFY2023$22,350
Trezevant Episcopal HomeTN · FY2022$88,364
Unitemized GrantFY2022$22,734
Unitemized GrantFY2022$18,875
Unitemized GrantFY2021$20,014
Unitemized GrantFY2021$19,352
Unitemized GrantFY2020$45,489
Unitemized GrantFY2020$18,250
Unitemized GrantFY2019$84,234
Unitemized GrantFY2019$30,505
Trezevant Episcopal HomeTN · FY2019$15,623

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$936K
Ln 12
Gifts and grantsLn 1h$648K
Investment incomeLn 3$289K
Money outPt IX
$573K
Ln 25
Programscol B$177K
Managementcol C$206K
Fundraisingcol D$190K
Owns and owesPt X
$11.6M
net assets · Ln 32
Cash and savingsLn 1–2$472K
Total assetsLn 16$11.7M
LiabilitiesLn 26$182K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$648K
Investment incomeLn 3$289K
Total revenueLn 12$936K
Assets in detailPt X, end of year
CashLn 1$472K
Cash and savings togetherLn 1–2$472K
InvestmentsLn 11–13$10.4M
Land, buildings, equipmentLn 10c$678K
Total assetsLn 16$11.7M
LiabilitiesLn 26$182K
Net assetsLn 32$11.6M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderJuly
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 FY23End FY23
Cash and savingsLn 1–2$6.3M$472K
InvestmentsLn 11–13$3.6M$10.4M
Land, buildings, equipmentLn 10c$678K$678K
Total assetsLn 16$10.7M$11.7M
LiabilitiesLn 26$102K$182K
Net assetsLn 32$10.6M$11.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$88K$88K
Grants to domestic individualsLn 2$42K$42K
Management feesLn 11a$108K$108K
Accounting feesLn 11c$473$473
Professional fundraising feesLn 11e$190K$190K
Investment management feesLn 11f$46K$46K
Office expensesLn 13$41K$41K
OccupancyLn 16$12K$12K
TravelLn 17$14K$14K
Other expenses (24a–d)Ln 24$32K$6K$25K
Total functional expensesLn 25$573K$177K$206K$190K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.6M$328K$1.3M$13.5M 990 PDF
FY2023 Viewing $936K$573K$364K$11.6M 990 PDF
FY2022 $5.0M$292K$4.7M$10.6M 990 PDF
FY2021 $728K$441K$287K$6.4M 990 PDF
FY2020 $495K$521K−$26K$5.4M 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $936,494 across 4 lines filed
VIII-1f All other contributions, gifts and grants$647,622
VIII-1h Total contributions, gifts and grants$647,622
VIII-3 Investment incomeExcluded from tax $288,872$288,872
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $288,872$936,494
Part IX · Statement of functional expenses $572,884 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $88,364$88,364
IX-2 Grants to domestic individualsPrograms $41,609$41,609
IX-11a Management feesManagement $108,000$108,000
IX-11c Accounting feesManagement $473$473
IX-11e Professional fundraising feesFundraising $189,625$189,625
IX-11f Investment management feesManagement $45,670$45,670
IX-13 Office expensesPrograms $40,870$40,870
IX-16 OccupancyManagement $12,499$12,499
IX-17 TravelManagement $13,996$13,996
IX-24 Other expenses (24a–d)Programs $6,496 · Management $25,282$31,778
IX-25 Total functional expensesPrograms $177,339 · Management $205,920 · Fundraising $189,625$572,884
Part X · Balance sheet $11,745,083 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $6,268,340$471,989
X-4 Accounts receivableStart of year $170,594$160,594
X-10c Land, buildings and equipment, netStart of year $678,250$678,250
X-11 Publicly traded securitiesStart of year $3,577,151$10,434,250
X-16 Total assetsStart of year $10,694,335$11,745,083
X-17 Accounts payable and accrued expensesStart of year $102,471$181,863
X-26 Total liabilitiesStart of year $102,471$181,863
X-27 Net assets without donor restrictionsStart of year $6,560,642$7,531,998
X-28 Net assets with donor restrictionsStart of year $4,031,222$4,031,222
X-32 Total net assets or fund balancesStart of year $10,591,864$11,563,220
X-33 Total liabilities and net assetsStart of year $10,694,335$11,745,083
Part XI · Reconciliation of net assets $11,563,220 net assets at year end
XI-1 Total revenue$936,494
XI-2 Total expenses$572,884
XI-3 Revenue less expenses$363,610
XI-4 Net assets at start of year$10,591,864
XI-5 Net unrealized gains (losses) on investments$607,746
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$11,563,220

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

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