Asurion Compassion Fund
- Assets
- $1.3m
- Revenue
- $939.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-3707117
Organization Overview
Asurion Compassion Fund is located in Nashville, TN. The organization was established in 2009. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asurion Compassion Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Asurion Compassion Fund generated $939.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $860.9k during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYEE-FOR-EMPLOYEE FUND TO PROVIDE A VEHICLE WHEREBY EMPLOYEES OF ASURION CAN HELP OTHER EMPLOYEES IN TIMES OF NEED AND PROVIDE GRANTS TO OTHER NOT-FOR-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HARDSHIP ASSISTANCE: PROVIDED GRANTS TO 490 ASURION EMPLOYEES AND THEIR FAMILIES WHO WERE AFFECTED BY HARDSHIPS DUE TO AN EVENT BEYOND THEIR CONTROL INCLUDING DISASTERS, CARE FOR SELF OR FAMILY MEMBERS, EMERGENCY TRAVEL, FUNERAL EXPENSES AND OTHER HARDSHIPS.
NOT-FOR-PROFIT SUPPORT: GRANTS TO OTHER NOT-FOR-PROFIT ORGANIZATIONS IN THE LOCAL COMMUNITIES WHERE ASURION EMPLOYEES LIVE AND WORK.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melinda Noblitt Executive Director | OfficerTrustee | 20 | $0 |
Todd Chretien President (through Feb. 2023) | OfficerTrustee | 0.1 | $0 |
Amy Orem President (eff. Feb. 2023) | OfficerTrustee | 0.1 | $0 |
Tony Detter Director | Trustee | 0.1 | $0 |
April Berman Secretary | OfficerTrustee | 0.1 | $0 |
David Barbuto Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $491,529 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,794 |
| Noncash contributions included in lines 1a–1f | $19,857 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $923,323 |
| Total Program Service Revenue | $0 |
| Investment income | $39,724 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,356 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $939,691 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $721,571 |
| Grants and other assistance to Foreign Orgs/Individuals | $84,473 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $38,955 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,933 |
| Office expenses | $1,507 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,964 |
| All other expenses | $1,458 |
| Total functional expenses | $860,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $489,342 |
| Savings and temporary cash investments | $794,484 |
| Pledges and grants receivable | $22,702 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,400 |
| Total assets | $1,326,928 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $15,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $15,000 |
| Net assets without donor restrictions | $1,311,928 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,326,928 |
Grants Awarded
Over the last fiscal year, Asurion Compassion Fund has awarded $25,595 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
THE MEDAL OF HONOR FOUNDATION PURPOSE: GENERAL SUPPORT | $25,000 |
CARE LODGE DOMESTIC VIOLENCE SHELTER INC PURPOSE: GENERAL SUPPORT | $595 |