Martin Methodist Foundation: FY2021 Nonprofit Profile & Form 990 (EIN 62-0483210)

Revenue by fiscal year
FY2020	$25.2M
FY2021	$26.7M
FY2022	$1.6M
FY2023	$1.1M
FY2024	$150K
FY2024	$0

Expenses by fiscal year
FY2020	$26.9M
FY2021	$26.1M
FY2022	$168K
FY2023	$536K
FY2024	$9.7M
FY2024	$0

Net assets by fiscal year
FY2020	$26.1M
FY2021	$29.1M
FY2022	$12.4M
FY2023	$13.1M
FY2024	$3.5M
FY2024	$13.2M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1946.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

18%

Program services 80% · $21.0M Management & general 18% · $4.7M Fundraising 2% · $415K

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

Something off? Claim to add context

Who runs it and what they're paid

44 people listed on the 990; $936K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Mark Labranche

President

$228,781Pt VII · Sec A

Judy Cheatham

Provost

$152,724Pt VII · Sec A

Robert Shelton

Executive VP & COO

$122,284Pt VII · Sec A

Jeff Bain

Executive Director of Athletics

$95,780Pt VII · Sec A

Edna Luna

VP of External Affairs

$71,565Pt VII · Sec A

Rhonda Clinard

Associate VP of Finance

$70,479Pt VII · Sec A

James Hlubb

Assistant VP of HR

$69,098Pt VII · Sec A

Daniel McMasters

VP of Student Affairs

$63,996Pt VII · Sec A

Mark Labranche’s $229K as President is at the 99th percentile of top reported officer pay among 146 <$100K education 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 · 8 named individuals · Part VII

Name	FY2021	FY2020
Mark Labranche	$228,781	$231,178
Judy Cheatham	$152,724	$151,524
Robert Shelton	$122,284	$122,555
Jeff Bain	$95,780	$98,330
Edna Luna	$71,565	$70,207
Rhonda Clinard	$70,479	$71,336
James Hlubb	$69,098	$68,193
Daniel McMasters	$63,996	$66,881

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 Martin Methodist Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aYes

Programs and updates

Invests and distributes funds to eligible charitable organizations.

Questions for Martin Methodist Foundation

Tap to ask. Martin Methodist Foundation sees how many people are interested.

Your first name shows with your question. Martin Methodist Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $21.0M · in their own filed words · FY2020

01

Martin methodist college is an institution of higher education related to the united methodist church and is committed to being the educational epicenter for south central tennessee and a college of opportunity for our students, commmunity and church.

$21.0Mprogram expense

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 · FY2021

Tulsa Community FoundationFY2021$7K

Total grants receivedfrom 1 funder$7K

Grants paid · 3 grants · $19.6M · 2019–2022

University of Tennessee SouthernFY2022$219,653

Unitemized GrantFY2020$9,164,535

Unitemized GrantFY2019$10,260,193

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$26.7M

Ln 12

Fees for servicesLn 2g$20.1M

Gifts and grantsLn 1h$3.7M

Other incomeLn 4–11$2.0M

Money outPt IX

$26.1M

Ln 25

Programscol B$21.0M

Managementcol C$4.7M

Fundraisingcol D$415K

Owns and owesPt X

$29.1M

net assets · Ln 32

Cash and savingsLn 1–2$2.0M

Total assetsLn 16$36.5M

LiabilitiesLn 26$7.4M

PeoplePt VI, VII

44

listed · VII A

PaidVII A9

Voting boardVI 1a26

IndependentVI 1b26

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.7M

Government grantsLn 1e$1.2M

Noncash giftsLn 1g$71K

Fundraising eventsLn 1c$59K

Fees for servicesLn 2g$20.1M

Investment incomeLn 3$972K

Other incomeLn 4–11$2.0M

Gains on assetsLn 7$600K

Total revenueLn 12$26.7M

Assets in detailPt X, end of year

SavingsLn 2$2.0M

Cash and savings togetherLn 1–2$2.0M

InvestmentsLn 11–13$14.0M

Land, buildings, equipmentLn 10c$16.1M

Other assetsLn 15$2.9M

Total assetsLn 16$36.5M

LiabilitiesLn 26$7.4M

Net assetsLn 32$29.1M

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$2.2M	$2.0M
InvestmentsLn 11–13	$11.9M	$14.0M
Land, buildings, equipmentLn 10c	$16.8M	$16.1M
Total assetsLn 16	$35.5M	$36.5M
LiabilitiesLn 26	$9.4M	$7.4M
Net assetsLn 32	$26.1M	$29.1M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$9.2M	$9.2M
Pay of current officers, directors and key staffLn 5	$936K	$702K	$187K	$47K
Other salaries and wagesLn 7	$6.2M	$4.7M	$1.3M	$197K
Pension plan contributionsLn 8	$177K	$137K	$35K	$6K
Other employee benefitsLn 9	$493K	$402K	$79K	$11K
Payroll taxesLn 10	$510K	$419K	$73K	$18K
Legal feesLn 11b	$261K		$261K
Accounting feesLn 11c	$67K		$67K
Other fees for servicesLn 11g	$22K		$22K
Advertising and promotionLn 12	$361K	$14K	$345K	$2K
OccupancyLn 16	$489K	$391K	$98K
TravelLn 17	$176K	$149K	$26K	$1K
InterestLn 20	$280K		$280K
Depreciation, depletion and amortizationLn 22	$1.7M	$1.4M	$338K
InsuranceLn 23	$324K		$324K
Other expenses (24a–d)Ln 24	$3.6M	$2.5M	$975K	$134K
All other expensesLn 24e	$1.4M	$1.1M	$299K
Total functional expensesLn 25	$26.1M	$21.0M	$4.7M	$415K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$150K	$9.7M	−$9.6M	$3.5M	990 PDF
FY2023	$1.1M	$536K	$554K	$13.1M	990 PDF
FY2022	$1.6M	$168K	$1.5M	$12.4M	990 PDF
FY2021 Viewing	$26.7M	$26.1M	$535K	$29.1M	990 PDF
FY2020	$25.2M	$26.9M	−$1.8M	$26.1M	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $26,683,667 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,447,982$3,656,842

I-9 Program service revenuePrior year $21,955,686$20,069,305

I-10 Investment incomePrior year $124,075$972,357

I-11 Other revenuePrior year $650,038$1,985,163

I-12 Total revenuePrior year $25,177,781$26,683,667

I-13 Grants and similar amounts paidPrior year $10,260,193$9,164,535

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $8,624,391$8,349,478

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $8,059,078$8,634,350

I-18 Total expensesPrior year $26,943,662$26,148,363

I-19 Revenue less expensesPrior year −$1,765,881$535,304

Part VI · Governance 26 of 26 board members independent, no flags

VI-1a Voting members of the governing body26

VI-1b Independent voting members26

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

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $26,683,667 across 11 lines filed

VIII-1c Fundraising events$59,354

VIII-1e Government grants$1,236,525

VIII-1f All other contributions, gifts and grants$2,360,963

VIII-1g Noncash contributions (included above)$71,231

VIII-1h Total contributions, gifts and grants$3,656,842

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,043,306 · Unrelated business $0 · Excluded from tax $25,999$20,069,305

VIII-3 Investment incomeExcluded from tax $372,753$372,753

VIII-7 Net gain or loss on sales of assetsExcluded from tax $599,604$599,604

VIII-8 Net income from fundraising eventsExcluded from tax −$7,809−$7,809

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $345,930 · Excluded from tax $1,647,042$1,992,972

VIII-12 Total revenueRelated to mission $20,389,236 · Unrelated business $0 · Excluded from tax $2,637,589$26,683,667

Part IX · Statement of functional expenses $26,148,363 across 17 lines filed

IX-2 Grants to domestic individualsPrograms $9,164,535$9,164,535

IX-5 Pay of current officers, directors and key staffPrograms $702,062 · Management $187,217 · Fundraising $46,804$936,083

IX-7 Other salaries and wagesPrograms $4,730,115 · Management $1,306,767 · Fundraising $196,765$6,233,647

IX-8 Pension plan contributionsPrograms $136,558 · Management $35,162 · Fundraising $5,594$177,314

IX-9 Other employee benefitsPrograms $402,426 · Management $79,219 · Fundraising $11,200$492,845

IX-10 Payroll taxesPrograms $418,992 · Management $72,803 · Fundraising $17,794$509,589

IX-11b Legal feesManagement $260,534$260,534

IX-11c Accounting feesManagement $66,968$66,968

IX-11g Other fees for servicesManagement $22,457$22,457

IX-12 Advertising and promotionPrograms $14,200 · Management $345,176 · Fundraising $1,683$361,059

IX-16 OccupancyPrograms $391,336 · Management $97,834$489,170

IX-17 TravelPrograms $148,833 · Management $26,222 · Fundraising $1,439$176,494

IX-20 InterestManagement $280,136$280,136

IX-22 Depreciation, depletion and amortizationPrograms $1,351,977 · Management $337,994$1,689,971

IX-23 InsuranceManagement $323,735$323,735

IX-24 Other expenses (24a–d)Programs $2,469,728 · Management $975,126 · Fundraising $134,007$3,578,861

IX-24e All other expensesPrograms $1,086,425 · Management $298,540$1,384,965

IX-25 Total functional expensesPrograms $21,017,187 · Management $4,715,890 · Fundraising $415,286$26,148,363

Part X · Balance sheet $36,451,504 assets, 18 lines filed

X-2 Savings and temporary cash investmentsStart of year $2,201,187$1,994,018

X-3 Pledges and grants receivableStart of year $1,501,700$1,000,000

X-4 Accounts receivableStart of year $309,157$299,177

X-8 Inventories for sale or useStart of year $201,200$82,894

X-9 Prepaid expenses and deferred chargesStart of year $196,038$89,644

X-10c Land, buildings and equipment, netStart of year $16,825,061$16,056,203

X-11 Publicly traded securitiesStart of year $11,234,747$13,970,806

X-12 Other securitiesStart of year $653,835$44,054

X-15 Other assetsStart of year $2,349,891$2,914,708

X-16 Total assetsStart of year $35,472,816$36,451,504

X-17 Accounts payable and accrued expensesStart of year $558,779$253,062

X-19 Deferred revenueStart of year $119,563$136,199

X-25 Other liabilitiesStart of year $8,735,815$6,989,978

X-26 Total liabilitiesStart of year $9,414,157$7,379,239

X-27 Net assets without donor restrictionsStart of year $8,788,815$9,980,784

X-28 Net assets with donor restrictionsStart of year $17,269,844$19,091,481

X-32 Total net assets or fund balancesStart of year $26,058,659$29,072,265

X-33 Total liabilities and net assetsStart of year $35,472,816$36,451,504

Part XI · Reconciliation of net assets $29,072,265 net assets at year end

XI-1 Total revenue$26,683,667

XI-2 Total expenses$26,148,363

XI-3 Revenue less expenses$535,304

XI-4 Net assets at start of year$26,058,659

XI-5 Net unrealized gains (losses) on investments$2,478,302

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$29,072,265

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Martin Methodist Foundation FY2021 filing

Before you give