The Gnar Education Foundation

Tax-deductible

Nashville, TN501(c)(3)Since 2002Community DevelopmentEIN 68-0521209Revenue $256K in FY2025

On file with the IRSgreaternashvillerealtors.org4540 Trousdale Dr, 37204-4536 · Nashville, TNTax-exempt since Nov 2002Publicly supported — 509(a)(2)

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Promotes the highest standard of ethics and professionalism in the practice of real estate and is the advocate for private property rights and the interests of realtors and the communities we serve.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 25 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $8K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $256K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.8M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$256K
-18% vs prior year
Spent
$274K
To programs
100%
Net assets
$306K
By yearFY2020–FY2025
Revenue
$256K
FY2025▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$314K
FY2021$394K
FY2022$350K
FY2023$325K
FY2024$313K
FY2025$256K
Expenses
$274K
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$301K
FY2021$332K
FY2022$343K
FY2023$339K
FY2024$313K
FY2025$274K
Net assets
$306K
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$269K
FY2021$331K
FY2022$338K
FY2023$323K
FY2024$324K
FY2025$306K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2002.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $274K

Form 990 Part IX, line 25. 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.

Part VII, Section A · reportable compensation
Chief Executive Officer
$0Pt VII · Sec A
Controller
$0Pt VII · Sec A
Governemnt Affairs Director
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Gnar Education 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

Offers educational programs and seminars to advance real estate theories and promote industry professionalism.

Questions for The Gnar Education Foundation

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Provided by the organization

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1 program · $274K · in their own filed words · FY2025
01

Provision of continuing educational oppertunities to real estate professionals in the middle tennessee region

$274Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$256K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$256K
Ln 12
Fees for servicesLn 2g$256K
Investment incomeLn 3$347
Money outPt IX
$274K
Ln 25
Programscol B$274K
Owns and owesPt X
$306K
net assets · Ln 32
Cash and savingsLn 1–2$81K
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.8M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$256K
Investment incomeLn 3$347
Total revenueLn 12$256K
Assets in detailPt X, end of year
CashLn 1$81K
Cash and savings togetherLn 1–2$81K
Land, buildings, equipmentLn 10c$2.1M
Total assetsLn 16$2.2M
LiabilitiesLn 26$1.8M
Net assetsLn 32$306K
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
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 FY25End FY25
Cash and savingsLn 1–2$277K$81K
Land, buildings, equipmentLn 10c$1.9M$2.1M
Total assetsLn 16$2.2M$2.2M
LiabilitiesLn 26$1.8M$1.8M
Net assetsLn 32$324K$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$855$855
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$179$179
Depreciation, depletion and amortizationLn 22$100K$100K
Other expenses (24a–d)Ln 24$162K$162K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$274K$274K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $256K$274K−$18K$306K 990 PDF
FY2024 $313K$313K$229$324K 990 PDF
FY2023 $325K$339K−$15K$323K 990 PDF
FY2022 $350K$343K$7K$338K 990 PDF
FY2021 $394K$332K$61K$331K 990 PDF
FY2020 $314K$301K$12K$269K 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 FY2025 990 (6 parts)
Part I · Summary $256,078 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $309,991$255,731
I-10 Investment incomePrior year $3,335$347
I-11 Other revenue$0
I-12 Total revenuePrior year $313,326$256,078
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $313,097$273,982
I-18 Total expensesPrior year $313,097$273,982
I-19 Revenue less expensesPrior year $229−$17,904
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
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 $256,078 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $125,491 · Excluded from tax $130,240$255,731
VIII-3 Investment incomeExcluded from tax $347$347
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $125,491 · Unrelated business $0 · Excluded from tax $130,587$256,078
Part IX · Statement of functional expenses $273,982 across 6 lines filed
IX-13 Office expensesPrograms $855$855
IX-17 TravelPrograms $1,284$1,284
IX-19 Conferences, conventions and meetingsPrograms $179$179
IX-22 Depreciation, depletion and amortizationPrograms $99,855$99,855
IX-24 Other expenses (24a–d)Programs $162,090$162,090
IX-24e All other expensesPrograms $9,719$9,719
IX-25 Total functional expensesPrograms $273,982 · Management $0 · Fundraising $0$273,982
Part X · Balance sheet $2,154,487 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $276,928$81,436
X-10c Land, buildings and equipment, netStart of year $1,892,040$2,073,051
X-16 Total assetsStart of year $2,169,198$2,154,487
X-17 Accounts payable and accrued expensesStart of year $29$31
X-19 Deferred revenueStart of year $5,070$4,245
X-25 Other liabilitiesStart of year $1,840,548$1,844,564
X-26 Total liabilitiesStart of year $1,845,647$1,848,840
X-27 Net assets without donor restrictionsStart of year $323,551$305,647
X-32 Total net assets or fund balancesStart of year $323,551$305,647
X-33 Total liabilities and net assetsStart of year $2,169,198$2,154,487
Part XI · Reconciliation of net assets $305,647 net assets at year end
XI-1 Total revenue$256,078
XI-2 Total expenses$273,982
XI-3 Revenue less expenses−$17,904
XI-4 Net assets at start of year$323,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$305,647

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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