Melkus Family Foundation
- Assets
- $39.2m
- Revenue
- $1.2m
- Investments
- $36.5m
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 04/1993
- Data as of
- 12/2022
- EIN
- 62-1518285
Organization Overview
Melkus Family Foundation is located in Nashville, TN. The organization was established in 1993. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Melkus Family Foundation 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, Melkus Family Foundation generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (54.0%) each year. All expenses for the organization totaled $5.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Melkus Family Foundation has awarded 178 individual grants totaling $14,330,232. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth J Melkus Chairman And Treasurer | 20 | $0 | |
Barbara L Melkus VP And Secretary | 2.5 | $0 | |
Lauren E Melkus President | 20 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,326 |
| Dividends & Interest | $1,770,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$622,964 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,903 |
| Total Revenue | $1,158,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $75,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $9,915 |
| Taxes | $2,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,311 |
| Total operating and administrative expenses | $167,553 |
| Contributions, gifts, grants paid | $5,056,848 |
| Total expenses and disbursements | $5,224,401 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,268,403 |
| 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 | $500,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $36,460,446 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,000 |
| Total assets | $39,234,849 |
| 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, Melkus Family Foundation has awarded $5,056,848 in support to 62 organizations.
| Grant Recipient | Amount |
|---|---|
ACLU PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $150,000 |
ALIVE HOSPICE PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $5,000 |
AMERICAN DIABETES ASSOCIATION PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $5,000 |
AMERICAN FOUNDATION FOR SUICIDE PREVENTION PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $10,000 |
AMERICAN IMMIGRATION COUNCIL PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $60,000 |
AMPUTEE COALITION OF AMERICA PURPOSE: TO FURTHER ONE OR MORE OF THE EXEMPT PURPOSES OF THE CHARITY | $20,000 |