Thackston Family Foundation
- Assets
- $134.3k
- Revenue
- $15.8k
- Investments
- $134.3k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 11/1993
- Data as of
- 12/2022
- EIN
- 62-1541568
Organization Overview
Thackston 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. Thackston 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, Thackston Family Foundation generated $15.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $30.5k during the year ending 12/2022. While expenses have increased by 14.0% 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 2016, Thackston Family Foundation has awarded 87 individual grants totaling $268,550. 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
GALLATIN FIRST METHODIST CHURCH - $8200 HABITAT FOR HUMANITY PROJECT
LEBANON FIRST UNITED METHODIST CHURCH - $8000 SANCTUARY UPGRADE
CUMBERLAND UNIVERSITY - $3000 ADAMS GALLERY OPERATIONS
HISTORIC LEBANON - $3000 ANNUAL SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Lee Thackston Director | 1 | $0 | |
Guy Carleton Thackston Director | 0 | $0 | |
Gemma Kathryn Roberts Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,146 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $14,700 |
| Capital Gain Net Income | $14,700 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,846 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $411 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,151 |
| Contributions, gifts, grants paid | $29,300 |
| Total expenses and disbursements | $30,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $134,282 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $134,282 |
| 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, Thackston Family Foundation has awarded $29,300 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HISTORIC LEBANON PURPOSE: ANNUAL SUPPORT | $3,000 |
LEBANON FIRST UNITED METHODIST CHURCH PURPOSE: SANCTUARY UPGRADE | $8,000 |
GALLATIN FIRST METHODIST CHURCH PURPOSE: CUB SCOUT PACK | $2,000 |
GALLATIN CARES PURPOSE: FOOD DISTRIBUTION | $1,000 |
GALLATIN FIRST METHODIST CHURCH PURPOSE: HABITAT FOR HUMANITY PROJECT | $8,200 |
STARS- GALLATIN HIGH SCHOOL PURPOSE: STUDENT ASSISTANCE PROGRAM | $1,100 |