Martin Methodist Foundation EIN 62-0483210

Martin Methodist Foundation FY2021 filing

EIN  62-0483210 Public charity (501(c)(3)) Nashville, TN
Form 990 (PDF)
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Size
$10–100M
What they do
Invests and distributes funds to eligible charitable organizations.
Leadership
Mark Labranche · President · $229K
Money in and out
$26.7M revenue, $26.1M expenses
Bottom line
80% program efficiency

Invests and distributes funds to eligible charitable organizations. For fiscal year 2021 it reported $26.7M in revenue, $26.1M in expenses, and $29.1M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$26.7M
Pt VIII · Ln 12
Total expenses
$26.1M
Pt IX · Ln 25
Net assets
$29.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $535K
Where spending went · Part IX cols B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Program efficiency
80%
of spending reaches programs
Operating runway
7.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+2%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$26.7M
FY2021▲ +6%
Expenses
$26.1M
FY2021▼ -3%
Total assets
$36.5M
FY2021▲ +3%
Total liabilities
$7.4M
FY2021▼ -22%
Total revenue
$26.7M
Pt VIII · Ln 12
Total expenses
$26.1M
Pt IX · Ln 25
Net assets
$29.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$535K
Total assetsPt X · Ln 16$36.5M
Program-expense ratioPt IX · col B80%
Voting members of governing bodyPt I · Ln 326
Independent voting membersPt I · Ln 426
Mission & Programs · Part III

Where the work happens

1 program service account for $21.0M of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMartin Methodist Foundation
EINHdr · item D62-0483210
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFColleges & Universities (B410)
Ruling yearIRS BMFDec 1946

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a26
Independent voting membersPt VI · Ln 1b26
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$228,781Pt VII · Sec A
$152,724Pt VII · Sec A
Executive VP & COO
$122,284Pt VII · Sec A
Executive Director of Athletics
$95,780Pt VII · Sec A
VP of External Affairs
$71,565Pt VII · Sec A
Associate VP of Finance
$70,479Pt VII · Sec A
Assistant VP of HR
$69,098Pt VII · Sec A
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 144 <$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

NameFY2021FY2020
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.

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Statement of Revenue

Part VIII
Program service revenue$20.1M · 75%
Contributions & grants$3.7M · 14%
Other revenue$2.0M · 7%
Investment income$972K · 4%
Program service revenue75%$20.1M
Contributions & grants14%$3.7M
Other revenue7%$2.0M
Investment income4%$972K
— government grantsLn 1e$1.2M
Total revenueLn 12$26.7M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.80 Management & general $0.18 Fundraising $0.02
Program services80%$21.0M
Management & general18%$4.7M
Fundraising2%$415K
Total functional expensesLn 25$26.1M

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$36.5M
Total liabilitiesLn 26$7.4M
Total net assetsLn 32$29.1M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $16.0M · Operating expenses (Pt IX) $26.1M · Less non-cash grants $71K · Cash operating expenses/yr $26.1M
7.4 months
Where the money goes
Program services
Program services $21.0M · Total expenses $26.1M
80%
Management & General
Management & general $4.7M · Total expenses $26.1M
18%
Fundraising
Fundraising $415K · Total expenses $26.1M
2%
Cost to raise $1
Fundraising expense (2-yr avg) $403K · Solicited contributions (2-yr avg) $2.2M
$0.18 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.7M · Total revenue $26.7M
14%
Government reliance
Government grants $1.2M · Total revenue $26.7M
5%
Earned-income share
Program service revenue $20.1M · Total revenue $26.7M
75%
Investment reliance
Investment income $972K · Total revenue $26.7M
+4%
Program self-sufficiency
Program service revenue $20.1M · Total expenses $26.1M
77%
Growth & trend
Revenue growth (YoY)
This year $26.7M · Prior year $25.2M
+6%
Net-asset trend (YoY)
End of year $29.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $26.7M · Expenses $26.1M
+2%
Liabilities-to-Assets
Total liabilities — · Total assets $36.5M
Net-asset ratio
Net assets $29.1M · Total assets $36.5M
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $14.0M · Other securities (Pt X, ln 12) $44K · Total assets (Pt X, ln 16) $36.5M
38%
People & payroll
Highest Reported Total Compensation
Individual Mark Labranche · Reported title PRESIDENT · Highest reported compensation $229K · Total expenses $26.1M
0.9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $8.3M · Total expenses $26.1M
32%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 80%
Overhead ratio 18%
Fundraising cost ratio 11%
Revenue growth 6%
Legal fee ratio 1.0%
Accounting fee ratio 0.3%

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 · received and paid
Grants received · FY2021
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

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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
FY2024$150K revenue · ⤓ 990 PDF
FY2023$1.1M revenue · ⤓ 990 PDF
FY2022$1.6M revenue · ⤓ 990 PDF
FY2021$26.7M revenue · viewing · ⤓ 990 PDF
FY2020$25.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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