Aslan Foundation
- Assets
- $124.3m
- Revenue
- $11.6m
- Investments
- $87.4m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 01/2020
- Data as of
- 12/2021
- EIN
- 62-1520208
Organization Overview
Aslan Foundation is located in Knoxville, TN. The organization was established in 2020. 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. Aslan 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 12/2021, Aslan Foundation generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.9% each year . All expenses for the organization totaled $5.0m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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 2014, Aslan Foundation has awarded 376 individual grants totaling $25,345,846. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
EUGENIA WILLIAMS PROJECT: RESTORATION OF HISTORIC BUILDING AND GROUNDS TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT.
LOGHAVEN ARTIST RESIDENCY: SERVING ARTISTS BY PROVIDING TIME AND SPACE TO WORK, THEREBY FACILITATING THE CREATION OF NEW WORK FOR THE PUBLIC.
CANDORO MARBLE BUILDING: REHABILITATION OF HISTORIC BUILDING TO PRESERVE ITS REGIONAL AND NATIONAL SIGNIFICANCE FOR PUBLIC USE AND BENEFIT.
HIGH GROUND PARK: MAINTENANCE OF HIGH GROUND PARK FOR PUBLIC USE AND BENEFIT. HIGH GROUND PARK PRESERVES THE SITE OF CIVIL WAR FORT HIGLEY AND THE SCENIC VALUE OF A HIGH RIDGE ABOVE THE TENNESSEE RIVER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrea Bailey Executive Di | 0 | $185,413 | |
Sarah Swinford Employee | 0 | $95,830 | |
Randall Coffey Employee | 0 | $83,000 | |
Stephanie Mcaninch Finance Mgr | 0 | $77,300 | |
John Worley Property Mgr | 0 | $58,626 | |
Mark K Williams Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hickory Construction Inc | 12/30/21 | $459,870 |
Johnson & Galyon Inc | 12/30/21 | $356,243 |
Evergreen Timber Works | 12/30/21 | $151,264 |
Greenstalk | 12/30/21 | $217,525 |
Sanders Pace Architecture | 12/30/21 | $901,110 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $602,438 |
| Interest on Savings | $70,034 |
| Dividends & Interest | $1,599,694 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,334,464 |
| Capital Gain Net Income | $9,334,464 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $32,205 |
| Total Revenue | $11,638,835 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $711,532 |
| Pension plans, employee benefits | $81,321 |
| Interest | $0 |
| Taxes | $229,286 |
| Depreciation | $882,201 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $16,645 |
| Printing and publications | $0 |
| Other expenses | $958,978 |
| Total operating and administrative expenses | $3,280,927 |
| Contributions, gifts, grants paid | $1,669,857 |
| Total expenses and disbursements | $4,950,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,436 |
| Savings and temporary cash investments | $1,378,066 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $46,123 |
| 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 | $108,835 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $872,761 |
| Net Land, buildings, and equipment | $35,002,848 |
| Other assets | $21,162 |
| Total assets | $124,303,232 |
| Accounts payable and accrued expenses | $61,843 |
| Grants payable | $1,568,369 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $20,842 |
| Total liabilities | $1,651,054 |
Grants Awarded
Over the last fiscal year, Aslan Foundation has awarded $2,416,327 in support to 82 organizations.
| Grant Recipient | Amount |
|---|---|
BIG EARS FESTIVAL PURPOSE: GRANT | $750,000 |
YOUNG-WILLIAMS ANIMAL CENTER PURPOSE: GRANT | $350,000 |
Knoxville, TN PURPOSE: GRANT | $150,000 |
BIG EARS FESTIVAL PURPOSE: GRANT | $125,000 |
VOLUNTEER MINISTRY CENTER PURPOSE: PANDEMIC RELIEF GRANT | $90,000 |
TRI STAR ARTS PURPOSE: GRANT | $86,667 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |