4th Purpose Foundation EIN 84-4085732

4th Purpose Foundation

EIN  84-4085732 Supporting organization Knoxville, TN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Transforms prisons into places of rehabilitation and positive change.
Leadership
Cyntoia Brown Long · Regular Mana
Money in and out
$780K revenue, $753K expenses
Bottom line
+3% net inflow

Transforms prisons into places of rehabilitation and positive change. For fiscal year 2024 it reported $780K in revenue, $753K in expenses, and $10.0M in net assets.Pt I

Money in and out · FY2024
Total revenue
$780K
Pt VIII · Ln 12
Total expenses
$753K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $27K
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.14
Net inflow
+3%
revenue over expenses, this year▲ +181% vs prior filing year
Pass-through gifts
17%
of revenue from contributions▲ +338% vs prior filing year
Program spending
86%
of expenses reach stated programs▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$780K
FY2024▲ +28%
Expenses
$753K
FY2024▲ +18%
Total assets
$12.8M
FY2024▲ +3%
Total liabilities
$2.8M
FY2024▼ -3%
Total revenue
$780K
Pt VIII · Ln 12
Total expenses
$753K
Pt IX · Ln 25
Net assets
$10.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$27K
Total assetsPt X · Ln 16$12.8M
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service account for $647K of program spending, described in the organization's own filed words · FY2024.
01

Make prison a place of transformation by making a positive impact to our prison systems across the country through resources, education, and support around correction staff members, inmates, and the greater community.

$647Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item C4th Purpose Foundation
EINHdr · item D84-4085732
Principal addressHdr · item CKnoxville, TN
WebsiteHdr · item J4thpurpose.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T30)
Ruling yearIRS BMFAug 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Regular Mana
$0Pt VII · Sec A
Regular Mana
$0Pt VII · Sec A
President &
$0Pt VII · Sec A
Special Mana
$0Pt VII · Sec A
Regular Mana
$0Pt VII · Sec A

Tony C Powers’s $120K as President is at the 91st percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking 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.

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Statement of Revenue

Part VIII
Other revenue$328K · 42%
Investment income$318K · 41%
Contributions & grants$134K · 17%
Other revenue42%$328K
Investment income41%$318K
Contributions & grants17%$134K
— government grantsLn 1e$24K
Total revenueLn 12$780K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.14
Program services86%$647K
Management & general14%$106K
Total functional expensesLn 25$753K

Balance Sheet

Part X · end of year
CashLn 1$300K
Total assetsLn 16$12.8M
Total liabilitiesLn 26$2.8M
Total net assetsLn 32$10.0M
Months of cash on handcomputed4.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6.7M · Operating expenses/yr $753K
106.3 months
Where the money goes
Program services
Program services $647K · Total expenses $753K
86%
Management & General
Management & general $106K · Total expenses $753K
14%
Fundraising
Fundraising $0 · Total expenses $753K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $42K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $134K · Total revenue $780K
17%
Government reliance
Government grants $24K · Total revenue $780K
3%
Earned-income share
Program service revenue $0 · Total revenue $780K
0%
Investment reliance
Investment income $318K · Total revenue $780K
+41%
Program self-sufficiency
Program service revenue $0 · Total expenses $753K
0%
Growth & trend
Revenue growth (YoY)
This year $780K · Prior year $610K
+28%
Revenue CAGR
FY2020 $8.6M · FY2024 $780K
-45%
Net-asset trend (YoY)
End of year $10.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $780K · Expenses $753K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $12.8M
Net-asset ratio
Net assets $10.0M · Total assets $12.8M
78%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) $6.4M · Total assets (Pt X, ln 16) $12.8M
50%
People & payroll
Highest Reported Total Compensation
Individual Cyntoia Brown Long · Reported title REGULAR MANA · Highest reported compensation $0 · Total expenses $753K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $190K · Total expenses $753K
25%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 14%
Fundraising cost ratio 0%
Revenue growth 28%
Investment management fee ratio 0%

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 · FY2024
Total grants receivedfrom 1 funder$110K
Grants paid · 2 grants · $100K · 2022–2023

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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 (Latest)$780K revenue · viewing · ⤓ 990 PDF
FY2023$610K revenue · ⤓ 990 PDF
FY2022$594K revenue · ⤓ 990 PDF
FY2021$393K revenue · ⤓ 990 PDF
FY2020$8.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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