501(c)(3) charity; gifts are tax-deductible.
64¢ of each $1 spent went to programs.
Run by 9 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 5
filings with a surplus
Average deficit $5K a year · 11% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
64%
of spending
Worth a look: 64% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
164 mo
of spending, in cash
Looks good: 164.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $109
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14K
+5% vs prior year
Spent
$36K
To programs
64%
Net assets
$490K
By yearFY2020–FY2024
Revenue
$14K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$63K
FY2021$35K
FY2022$98K
FY2023$14K
FY2024$14K
Expenses
$36K
FY2024▼ -16%
Tap a bar for its year
Expenses by fiscal year
FY2020$61K
FY2021$75K
FY2022$34K
FY2023$43K
FY2024$36K
Net assets
$490K
FY2024▲ +2%
Tap a bar for its year
Net assets by fiscal year
FY2020$406K
FY2021$481K
FY2022$467K
FY2023$481K
FY2024$490K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2018.

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

Where the money goes

64 cents of each dollar spent went to programs.

Program services 64% · $23K Management & general 36% · $13K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Troy Gentry Foundation Incorporated 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

Troy Gentry Foundation Incorporated is a public foundation based in Franklin, TN.

Questions for Troy Gentry Foundation Incorporated

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Your first name shows with your question. Troy Gentry Foundation Incorporated answers here, for everyone.

Provided by the organization

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2 programs · $23K · in their own filed words · FY2024
01

The foundation provided $22,500 in grants and scholarships to organizations which support the mission of the troy gentry foundation in 2024.

$22Kprogram expense
02

The foundation provided a $526 sponsorship to an organization which supports the mission of the troy gentry foundation in 2024.

$526program 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 · FY2023
Total grants receivedfrom 1 funder$109
Grants paid · 12 grants · $120K · 2020–2024
Operation Wake SurfNC · FY2024$10,000
Christmas for Kids INCTN · FY2024$10,000
Christmas for KidsFY2023$10,000
Christmas for KidsFY2021$10,000
Jackson City Parks and RecreationsFY2021$10,000
Riverside Christian SchoolFY2021$10,000
Breathitt County High SchoolFY2021$10,000
T J Martell FoundationNY · FY2020$10,000
Make a Wish Middle TennesseeTN · FY2020$10,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$14K
Ln 12
Investment incomeLn 3$11K
Gifts and grantsLn 1h$3K
Money outPt IX
$36K
Ln 25
Programscol B$23K
Managementcol C$13K
Owns and owesPt X
$490K
net assets · Ln 32
Cash and savingsLn 1–2$490K
Total assetsLn 16$490K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3K
Investment incomeLn 3$11K
Total revenueLn 12$14K
Assets in detailPt X, end of year
CashLn 1$79K
SavingsLn 2$411K
Cash and savings togetherLn 1–2$490K
Total assetsLn 16$490K
LiabilitiesLn 26$0
Net assetsLn 32$490K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$481K$490K
Total assetsLn 16$481K$490K
LiabilitiesLn 26$0$0
Net assetsLn 32$481K$490K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$3K$3K
Office expensesLn 13$1K$1K
TravelLn 17$42$42
InsuranceLn 23$267$267
Other expenses (24a–d)Ln 24$526$526
Total functional expensesLn 25$36K$23K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $14K$36K−$22K$490K 990 PDF
FY2023 $14K$43K−$29K$481K 990 PDF
FY2022 $98K$34K$63K$467K 990 PDF
FY2021 $35K$75K−$40K$481K 990 PDF
FY2020 $63K$61K$2K$406K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $14,267 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $4,358$3,097
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,217$11,170
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $13,575$14,267
I-13 Grants and similar amounts paidPrior year $18,500$22,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $24,326$13,372
I-18 Total expensesPrior year $42,826$35,872
I-19 Revenue less expensesPrior year −$29,251−$21,605
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $14,267 across 4 lines filed
VIII-1f All other contributions, gifts and grants$3,097
VIII-1h Total contributions, gifts and grants$3,097
VIII-3 Investment incomeExcluded from tax $11,170$11,170
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $11,170$14,267
Part IX · Statement of functional expenses $35,872 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $22,500$22,500
IX-11c Accounting feesManagement $8,250$8,250
IX-11f Investment management feesManagement $3,200$3,200
IX-13 Office expensesManagement $1,087$1,087
IX-17 TravelManagement $42$42
IX-23 InsuranceManagement $267$267
IX-24 Other expenses (24a–d)Programs $526$526
IX-25 Total functional expensesPrograms $23,026 · Management $12,846 · Fundraising $0$35,872
Part X · Balance sheet $490,202 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $115,317$78,853
X-2 Savings and temporary cash investmentsStart of year $365,559$411,349
X-16 Total assetsStart of year $480,876$490,202
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $480,876$490,202
X-33 Total liabilities and net assetsStart of year $480,876$490,202
Part XI · Reconciliation of net assets $490,202 net assets at year end
XI-1 Total revenue$14,267
XI-2 Total expenses$35,872
XI-3 Revenue less expenses−$21,605
XI-4 Net assets at start of year$480,876
XI-5 Net unrealized gains (losses) on investments$30,931
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$490,202

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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