Improve the quality of life for people through support of nonprofit organizations.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$534K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $3.1M a year · 28% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$534K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
14 mo
of spending, in cash
Plus $118.4M in investments, Pt X · Ln 11–13
Looks good: 13.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $122K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$276K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
Spent
$7.8M
To programs
99%
Net assets
$135.4M
By yearFY2020–FY2024
Revenue
$4.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$26.7M
FY2022$10.3M
FY2023$7.9M
FY2024$5.3M
Expenses
$7.8M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$7.8M
FY2021$8.9M
FY2022$8.7M
FY2023$7.3M
FY2024$6.3M
Net assets
$135.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$135.4M
FY2021$143.9M
FY2022$127.9M
FY2023$135.4M
FY2024$134.3M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Dec 1983.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $7.7M Management & general 1% · $96K

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

22 people listed on the 990; $534K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$287,960Pt VII · Sec A
Vice President, Programs and Grants
$161,167Pt VII · Sec A
Vice President, Finance
$84,993Pt VII · Sec A
Director - Chair
$0Pt VII · Sec A
Director - Vice Chair
$0Pt VII · Sec A
Director - Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2021FY2020
Scott S Perry$297,659—
Scott Perry—$287,960
Jackson Routh$168,407$161,167
Judy Milliken$107,316$84,993

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 The Memorial 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 15aYes

Programs and updates

Awards grants to nonprofit organizations to support their community programs and improve the quality of life for people in need.

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Provided by the organization

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1 program · $7.7M · in their own filed words · FY2020
01

Providing grants to other 501(c)(3) organizations.

$7.7Mprogram 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 · FY2024
Total grants receivedfrom 1 funder$122K
Grants paid · 918 grants · $27.3M · 2020–2024
Individual RecipientFY2024$200,000
YWCA of Nashville and Middle TNFY2024$90,000
Stars NashvilleTN · FY2024$80,000
Siloam HealthTN · FY2024$80,000
Sexual Assault CenterTN · FY2024$75,000
AgapeFY2024$75,000
Project ReturnFY2024$60,000
Hope Family Health ServicesTN · FY2024$60,000
The Next DoorFY2024$55,000
Individual RecipientFY2024$55,000
Martha O'Bryan Center INCTN · FY2024$55,000
Oasis CenterFY2024$50,000
See all 918 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Investment incomeLn 3$3.4M
Other incomeLn 4–11$637K
Gifts and grantsLn 1h$2K
Money outPt IX
$7.8M
Ln 25
Programscol B$7.7M
Managementcol C$96K
Owns and owesPt X
$135.4M
net assets · Ln 32
Cash and savingsLn 1–2$8.7M
Total assetsLn 16$135.6M
LiabilitiesLn 26$276K
PeoplePt VI, VII
22
listed · VII A
PaidVII A3
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2K
Investment incomeLn 3$3.4M
Other incomeLn 4–11$637K
Gains on assetsLn 7$619K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$6.1M
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$8.7M
InvestmentsLn 11–13$118.4M
Land, buildings, equipmentLn 10c$8.3M
Total assetsLn 16$135.6M
LiabilitiesLn 26$276K
Net assetsLn 32$135.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$10.3M$8.7M
InvestmentsLn 11–13$118.6M$118.4M
Land, buildings, equipmentLn 10c$8.5M$8.3M
Total assetsLn 16$137.7M$135.6M
LiabilitiesLn 26$380K$276K
Net assetsLn 32$137.3M$135.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.9M$5.9M
Pay of current officers, directors and key staffLn 5$668K$622K$47K
Other salaries and wagesLn 7$121K$121K$649
Pension plan contributionsLn 8$12K$12K$239
Other employee benefitsLn 9$39K$32K$7K
Payroll taxesLn 10$38K$36K$2K
Legal feesLn 11b$2K$2K$193
Accounting feesLn 11c$27K$27K
Investment management feesLn 11f$876K$876K
Other fees for servicesLn 11g$44K$40K$4K
Office expensesLn 13$7K$7K$748
Information technologyLn 14$17K$16K$2K
Conferences, conventions and meetingsLn 19$8K$7K$768
Depreciation, depletion and amortizationLn 22$11K$10K$1K
InsuranceLn 23$23K$21K$2K
Other expenses (24a–d)Ln 24$13K$11K$1K
Total functional expensesLn 25$7.8M$7.7M$96K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $5.3M$6.3M−$1.1M$134.3M 990 PDF
FY2023 $7.9M$7.3M$587K$135.4M 990 PDF
FY2022 $10.3M$8.7M$1.7M$127.9M 990 PDF
FY2021 $26.7M$8.9M$17.8M$143.9M 990 PDF
FY2020 Viewing $4.1M$7.8M−$3.7M$135.4M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $4,079,307 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,916$1,509
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $4,341,125$3,440,735
I-11 Other revenuePrior year $462,951$637,063
I-12 Total revenuePrior year $4,807,992$4,079,307
I-13 Grants and similar amounts paidPrior year $5,842,751$5,861,150
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $811,102$879,163
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,141,405$1,027,611
I-18 Total expensesPrior year $7,795,258$7,767,924
I-19 Revenue less expensesPrior year −$2,987,266−$3,688,617
Part VI · Governance 19 of 19 board members independent, no flags
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $4,079,307 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,509
VIII-1h Total contributions, gifts and grants$1,509
VIII-3 Investment incomeExcluded from tax $2,821,303$2,821,303
VIII-6 Net rental income or lossExcluded from tax $637,063$637,063
VIII-7 Net gain or loss on sales of assetsExcluded from tax $619,432$619,432
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $4,077,798$4,079,307
Part IX · Statement of functional expenses $7,767,924 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $5,861,150$5,861,150
IX-5 Pay of current officers, directors and key staffPrograms $621,597 · Management $46,710$668,307
IX-7 Other salaries and wagesPrograms $120,634 · Management $649$121,283
IX-8 Pension plan contributionsPrograms $12,243 · Management $239$12,482
IX-9 Other employee benefitsPrograms $31,984 · Management $7,099$39,083
IX-10 Payroll taxesPrograms $36,087 · Management $1,921$38,008
IX-11b Legal feesPrograms $1,733 · Management $193$1,926
IX-11c Accounting feesManagement $26,600$26,600
IX-11f Investment management feesPrograms $875,534$875,534
IX-11g Other fees for servicesPrograms $39,875 · Management $4,431$44,306
IX-13 Office expensesPrograms $6,732 · Management $748$7,480
IX-14 Information technologyPrograms $15,643 · Management $1,738$17,381
IX-19 Conferences, conventions and meetingsPrograms $6,914 · Management $768$7,682
IX-22 Depreciation, depletion and amortizationPrograms $9,770 · Management $1,086$10,856
IX-23 InsurancePrograms $20,783 · Management $2,309$23,092
IX-24 Other expenses (24a–d)Programs $11,479 · Management $1,275$12,754
IX-25 Total functional expensesPrograms $7,672,158 · Management $95,766 · Fundraising $0$7,767,924
Part X · Balance sheet $135,627,067 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,755,235$6,148,735
X-2 Savings and temporary cash investmentsStart of year $7,508,904$2,592,612
X-4 Accounts receivableStart of year $98,341$104,253
X-9 Prepaid expenses and deferred chargesStart of year $192,594$154,904
X-10c Land, buildings and equipment, netStart of year $8,544,259$8,251,874
X-11 Publicly traded securitiesStart of year $79,830,322$81,511,851
X-12 Other securitiesStart of year $38,749,847$36,862,838
X-16 Total assetsStart of year $137,679,502$135,627,067
X-17 Accounts payable and accrued expensesStart of year $5,245$809
X-18 Grants payableStart of year $180,000$70,000
X-25 Other liabilitiesStart of year $194,652$204,930
X-26 Total liabilitiesStart of year $379,897$275,739
X-27 Net assets without donor restrictionsStart of year $135,012,530$132,797,785
X-28 Net assets with donor restrictionsStart of year $2,287,075$2,553,543
X-32 Total net assets or fund balancesStart of year $137,299,605$135,351,328
X-33 Total liabilities and net assetsStart of year $137,679,502$135,627,067
Part XI · Reconciliation of net assets $135,351,328 net assets at year end
XI-1 Total revenue$4,079,307
XI-2 Total expenses$7,767,924
XI-3 Revenue less expenses−$3,688,617
XI-4 Net assets at start of year$137,299,605
XI-5 Net unrealized gains (losses) on investments$1,740,340
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$135,351,328

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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