Sme Preservation Fund

Tax-deductible

Signal Mtn, TN501(c)(3)Since 2018Community DevelopmentEIN 82-3879320Revenue $308K in FY2025

On file with the IRS809 Kentucky Ave, 37377-2411 · Signal Mtn, TNTax-exempt since Jun 2018Publicly supported — 509(a)(2)

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To restore, maintain, and improve the historic signal mountain elementary school, located at 809 kentucky ave. Signal mountain, TN 37377. The building is for the benefit of the residents of signal mountain and nearby communities. The organization provides programs that enhance the life of people in and around, with classes in music, art, dance, and pottery as well as cultural programs such as theatrical plays, music concerts, community events, and craft fairs.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 6 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
2 of 5
filings with a surplus
Average deficit $12K a year · 5% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$41K
to officers and key staff · 13% of spending
Top officer’s pay lower than 88% of similar orgs
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
69% of total assets
Worth a look: liabilities are 69% of assets; over 65%.
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
$308K
+24% vs prior year
Spent
$324K
To programs
94%
Net assets
$6K
By yearFY2021–FY2025
Revenue
$308K
FY2025▲ +24%
Revenue by fiscal year
FY2021$232K
FY2022$197K
FY2023$197K
FY2024$248K
FY2025$308K
Expenses
$324K
FY2025▲ +28%
Expenses by fiscal year
FY2021$214K
FY2022$263K
FY2023$188K
FY2024$252K
FY2025$324K
Net assets
$6K
FY2025▼ -73%
Net assets by fiscal year
FY2021$83K
FY2022$16K
FY2023$25K
FY2024$21K
FY2025$6K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $306K Management & general 3% · $9K Fundraising 3% · $9K

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

5 people listed on the 990; $41K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$22,000Pt VII · Sec A
$19,042Pt VII · Sec A
President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Ryan Walker’s $22K as Secretary is at the 12th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Ryan Walker$22,000$24,000$16,000$10,100
Margaret Cooke$19,042$16,308$15,924—

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 Sme Preservation Fund 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

Preserves and improves the historic elementary school for community benefit.

Provided by the organization

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1 program · $306K · in their own filed words · FY2025
01

Restore, maintain, and improve the historic signal mountain elementary schoolduring 2025, funds were expended for various building projects. Recording building repair costs were $25,605.MUSIC, art, and pottery lessonsroom rental

$306Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$36

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$308K
Ln 12
Fees for servicesLn 2g$230K
Gifts and grantsLn 1h$66K
Other incomeLn 4–11$13K
Money outPt IX
$324K
Ln 25
Programscol B$306K
Managementcol C$9K
Fundraisingcol D$9K
Owns and owesPt X
$6K
net assets · Ln 32
Cash and savingsLn 1–2$787
Total assetsLn 16$18K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Fees for servicesLn 2g$230K
Investment incomeLn 3$12
Other incomeLn 4–11$13K
Total revenueLn 12$308K
Assets in detailPt X, end of year
CashLn 1$74
SavingsLn 2$713
Cash and savings togetherLn 1–2$787
Land, buildings, equipmentLn 10c$18K
Total assetsLn 16$18K
LiabilitiesLn 26$13K
Net assetsLn 32$6K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$17K$787
Land, buildings, equipmentLn 10c$7K$18K
Total assetsLn 16$24K$18K
LiabilitiesLn 26$2K$13K
Net assetsLn 32$21K$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$716$716
Pay of current officers, directors and key staffLn 5$45K$45K
Legal feesLn 11b$108$108
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$180K$174K$7K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$17K$17K
Information technologyLn 14$23K$23K
OccupancyLn 16$28K$28K
Conferences, conventions and meetingsLn 19$518$518
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$1K$1K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$9K$7K$2K
All other expensesLn 24e$275$275
Total functional expensesLn 25$324K$306K$9K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $308K$324K−$15K$6K 990 PDF
FY2024 $248K$252K−$4K$21K 990 PDF
FY2023 $197K$188K$9K$25K 990 PDF
FY2022 $197K$263K−$66K$16K 990 PDF
FY2021 $232K$214K$18K$83K 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 $308,490 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,378$65,890
I-9 Program service revenuePrior year $229,409$230,035
I-10 Investment incomePrior year −$434$12
I-11 Other revenuePrior year $7,463$12,553
I-12 Total revenuePrior year $247,816$308,490
I-13 Grants and similar amounts paidPrior year $0$716
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $40,308$45,042
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $211,822$278,137
I-18 Total expensesPrior year $252,130$323,895
I-19 Revenue less expensesPrior year −$4,314−$15,405
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $308,490 across 7 lines filed
VIII-1f All other contributions, gifts and grants$65,890
VIII-1h Total contributions, gifts and grants$65,890
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $230,035$230,035
VIII-3 Investment incomeExcluded from tax $12$12
VIII-6 Net rental income or lossRelated to mission $7,932$7,932
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,621$4,621
VIII-12 Total revenueRelated to mission $242,588 · Unrelated business $0 · Excluded from tax $12$308,490
Part IX · Statement of functional expenses $323,895 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $716$716
IX-5 Pay of current officers, directors and key staffPrograms $45,042$45,042
IX-11b Legal feesManagement $108$108
IX-11c Accounting feesManagement $9,196$9,196
IX-11g Other fees for servicesPrograms $173,644 · Fundraising $6,507$180,151
IX-12 Advertising and promotionPrograms $4,963$4,963
IX-13 Office expensesPrograms $17,289$17,289
IX-14 Information technologyPrograms $22,520$22,520
IX-16 OccupancyPrograms $27,592$27,592
IX-19 Conferences, conventions and meetingsPrograms $518$518
IX-20 InterestPrograms $3,261$3,261
IX-22 Depreciation, depletion and amortizationPrograms $1,371$1,371
IX-23 InsurancePrograms $1,912$1,912
IX-24 Other expenses (24a–d)Programs $6,593 · Fundraising $2,388$8,981
IX-24e All other expensesPrograms $275$275
IX-25 Total functional expensesPrograms $305,696 · Management $9,304 · Fundraising $8,895$323,895
Part X · Balance sheet $18,425 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,564$74
X-2 Savings and temporary cash investmentsStart of year $8,413$713
X-10c Land, buildings and equipment, netStart of year $6,590$17,638
X-16 Total assetsStart of year $23,567$18,425
X-17 Accounts payable and accrued expensesStart of year $2,430$12,693
X-26 Total liabilitiesStart of year $2,430$12,693
X-27 Net assets without donor restrictionsStart of year $21,137$5,732
X-32 Total net assets or fund balancesStart of year $21,137$5,732
X-33 Total liabilities and net assetsStart of year $23,567$18,425
Part XI · Reconciliation of net assets $5,732 net assets at year end
XI-1 Total revenue$308,490
XI-2 Total expenses$323,895
XI-3 Revenue less expenses−$15,405
XI-4 Net assets at start of year$21,137
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,732

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

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