Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr
- Assets
- $477.2k
- Revenue
- $85.7k
- Investments
- $473.7k
- Employees
- 0
- Location
- Cookeville, TN
- Founding
- 09/2012
- Data as of
- 12/2022
- EIN
- 45-3021457
Organization Overview
Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr is located in Cookeville, TN. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr 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 12/2022, Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr generated $85.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $46.6k during the year ending 12/2022. While expenses have increased by 2.6% per year over the past 8 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.
Since 2015, Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr has awarded 38 individual grants totaling $248,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
DONATION TO NAPLES CHILDREN EDUCATION FOUNDATION
DONATION TO THE SCOTT WOLF SCHOLARHIP FUND C/O THE COMMUNITY FUNDATION OF MIDDLE TN
DONATION TO ALLEN JACKSON MINISTRIES
DONATION TO AMERICA'S CHILDREN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Sasser Trustee | 1 | $0 | |
Colleen Mcpherson Sasser Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $8,135 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $77,585 |
| Capital Gain Net Income | $77,585 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,731 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,636 |
| Contributions, gifts, grants paid | $37,000 |
| Total expenses and disbursements | $46,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,506 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $477,224 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Gary Douglas Sasser & Colleen Gill Mcpherson Charitable Foundation Tr has awarded $37,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NAPLES CHILDREN AND EDUCATION FOUNDATION PURPOSE: TO SUPPORT EFFECTIVE, DISCIPLINED CHARITABLE PROGRAMS THAT SIGNIFICANTLY IMPROVE THE PHYSICAL, EMOTIONAL AND EDUCATIONAL LIVES OF UNDERPRIVILEGED AND AT-RISK CHILDREN IN COLLIER COUNTY, FL. | $15,000 |
THE SCOTT WOLF SCHOLARSHIP FUND CO THE COMMUNITY FOUNDATION OF MIDDLE TENN PURPOSE: TO ENDOW PERMANENT SCHOLARSHIPS FOR ASSOCIATES OF AVERITT EXPRESS, INC. AND THEIR CHILDREN WHO DESIRE TO CONTINUE THEIR EDUCACTION BEYOND HIGH SCHOOL. THE FUND WAS SETUP TO ACKNOWLEDGE SCOTT WOLF'S LOVE AND DEDICATION TO THE ASSOCIATES OF AVERITT EXPRESS BY HIS FAMILY. | $10,000 |
AMERICA'S CHILDREN DEVELOPMENT PROGRAM INC PURPOSE: TO IMPROVE THE LIVES OF UNDERPRIVILEGED CHILDREN. | $2,000 |
ALLEN JACKSON MINISTRIES PURPOSE: TO SPREAD THE CHRISTIAN FAITH. | $10,000 |