Mothers Milk Bank Of Tennessee
- Assets
- $436.3k
- Revenue
- $759.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Murfreesboro, TN
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-1170482
Organization Overview
Mothers Milk Bank Of Tennessee is located in Murfreesboro, TN. The organization was established in 2015. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 12/2023, Mothers Milk Bank Of Tennessee employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mothers Milk Bank Of Tennessee 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, Mothers Milk Bank Of Tennessee generated $759.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $598.3k during the year ending 12/2023. While expenses have increased by 20.6% per year over the past 2 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
MOTHER'S MILK BANK OF TENNESSEE IS A 501(C)(3) NONPROFIT MILK BANK DEDICATED TO PROVIDING SAFE, PASTEURIZED DONOR HUMAN MILK TO THE MOST VULNERABLE BABIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE 17 MILK DROP DEPOTS (DROP-OFF LOCATIONS) ACROSS TENNESSEE. THE ORGANIZATION OPENED PASTEURIZATION FACILITY IN MURFREESBORO, TENNESSEE IN NOVEMBER 2021. IN 2021, THE ORGANIZATION WAS CERTIFIED AS MEMBER MILK BANK #31 WITH HUMAN MILK BANKING ASSOCIATION OF NORTH AMERICA (HMBANA).
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Steimer President | Trustee | 1 | $0 |
Thom Scott Vice President/treasurer | Trustee | 1 | $0 |
Bruce Campbell Director | Trustee | 1 | $0 |
Jason Parker Secretary | Trustee | 1 | $0 |
Amy Campbell-Pittz Director | Trustee | 1 | $0 |
Mark Moore Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,470 |
| Noncash contributions included in lines 1a–1f | $1,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,470 |
| Total Program Service Revenue | $679,014 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $759,512 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| 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 | $207,946 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,257 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,828 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,465 |
| Advertising and promotion | $0 |
| Office expenses | $30,875 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $118,425 |
| Travel | $417 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,893 |
| Interest | $10,220 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,238 |
| Insurance | $10,470 |
| All other expenses | $1,043 |
| Total functional expenses | $598,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,774 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $87,941 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,858 |
| Prepaid expenses and deferred charges | $21,338 |
| Net Land, buildings, and equipment | $222,408 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $436,319 |
| Accounts payable and accrued expenses | $7,473 |
| Grants payable | $0 |
| 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 | $67,672 |
| Secured mortgages and notes payable | $98,006 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,549 |
| Total liabilities | $178,700 |
| Net assets without donor restrictions | $248,530 |
| Net assets with donor restrictions | $9,089 |
| 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 | $436,319 |