Rocketown Of Middle Tennessee
- Assets
- $14.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 24
- Location
- Nashville, TN
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 62-1571573
Organization Overview
Rocketown Of Middle Tennessee is located in Nashville, TN. The organization was established in 1995. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 06/2022, Rocketown Of Middle Tennessee employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocketown Of Middle 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 06/2022, Rocketown Of Middle Tennessee generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.0m during the year ending 06/2022. While expenses have increased by 4.3% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE CULTURALLY RELEVANT ENVIRONMENTS THAT FOSTER VITAL RELATIONSHIPS BETWEEN DISENFRANCHISED ADOLESCENTS AND CHRISTIAN MENTORS IN ORDER TO MEET SOCIAL, SPIRITUAL, AND PHYSICAL NEEDS OF THE TEENS. ROCKETOWN HAS VISITORS REPRESENTING EVERY SOCIAL DEMOGRAPHIC OF THE GREATER NASHVILLE AREA AND SURROUDNING COUNTIES.
Describe the Organization's Program Activity:
THE SIXTH AVENUE SKATEPARK: ROCKETOWN'S MISSION IS TO OFFER HOPE TO THE NEXT GENERATION THROUGH CHRIST'S LOVE. THE SKATEPARK OFFERS AN EVER- CHANGING EVER-COOL EXPERIENCE THAT ATTRACTS YOUTH. OUR GOAL IS TO OFFER CREATIVE, SOCIAL, AND SPIRITUAL PROGRAMS THROUGH THE SKATEPARK. DURING THE FISCAL YEAR ENDING IN 2022, 16,250 YOUTH PARTICIPATED IN SKATE-ORIENTED PROGRAMS.
MUSIC VENUE: ROCKETOWN'S MISSION IS TO OFFER HOPE TO THE NEXT GENERATION THROUGH CHRIST'S LOVE. THE MUSIC VENUE OFFERS EVER-CHANGING EVER-COOL EXPERIENCES THAT ATTRACT YOUTH. OUR GOAL IS TO OFFER CREATIVE, SOCIAL, AND SPIRITUAL PROGRAMS THROUGH THE MUSIC VENUE ENVIRONMENT. DURING THE FISCAL YEAR ENDING IN 2022, 11,404 YOUTH PARTICIPATED IN THIS TYPE OF PROGRAM.
OTHER PROGRAM SERVICES: ROCKETOWN'S MISSION IS TO OFFER HOPE TO THE NEXT GENERATION THROUGH CHRIST'S LOVE. ROCKETOWN OFFERS JOB PREPAREDNESS AND LIFE-SKILL DEVELOPMENT THROUGH AFTERSCHOOL PROGRAMMING WITH OUR PARTNER, MCGAVOCK HIGH SCHOOL. WE ALSO OFFER CREATIVE, SOCIAL, AND SPIRITUAL OPPORTUNITIES THAT ATTRACT KIDS, SUCH AS DANCE CLASSES, SUMMER CAMPS, MUSIC LESSONS, ART LESSONS, AND BIBLE STUDIES. DURING THE FISCAL YEAR ENDING IN 2022, APPROXIMATELY 12,204 YOUTH PARTICIPATED IN THIS TYPE OF PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenny Alonzo Executive Di | OfficerTrustee | 40 | $123,534 |
Susan Joy Secretary | OfficerTrustee | 4 | $0 |
Brian Sweatt Executive Co | OfficerTrustee | 4 | $0 |
Chaz Corzine Executive Co | OfficerTrustee | 4 | $0 |
Ben Claybaker Executive Co | OfficerTrustee | 4 | $0 |
Latrisha Jeminson Chairperson | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $321,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $449,843 |
| Noncash contributions included in lines 1a–1f | $47,375 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $771,267 |
| Total Program Service Revenue | $399,502 |
| Investment income | $1,033 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $583,919 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $345,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,100,744 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,117 |
| Grants and other assistance to domestic individuals. | $14,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,524 |
| Compensation of current officers, directors, key employees. | $38,916 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $697,873 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,554 |
| Payroll taxes | $63,479 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,461 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $103,194 |
| Advertising and promotion | $0 |
| Office expenses | $101,888 |
| Information technology | $22,000 |
| Royalties | $0 |
| Occupancy | $185,844 |
| Travel | $16,573 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,150 |
| Insurance | $62,969 |
| All other expenses | $15,227 |
| Total functional expenses | $2,015,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $683,382 |
| Savings and temporary cash investments | $3,046,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,401 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $20,287 |
| Inventories for sale or use | $51,532 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $5,189,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,419,257 |
| Total assets | $14,416,102 |
| Accounts payable and accrued expenses | $186,523 |
| Grants payable | $0 |
| Deferred revenue | $76,207 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,037,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,300,230 |
| Net assets without donor restrictions | $10,094,429 |
| Net assets with donor restrictions | $21,443 |
| 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 | $14,416,102 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Rocketown Of Middle Tennessee has recieved totaling $77,719.
| Awarding Organization | Amount |
|---|---|
Living Legacy Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $25,000 |
Hca Healthcare Foundation Nashville, TN PURPOSE: OPERATIONAL FUNDING REQUEST | $25,000 |
Tennessee Health Foundation Inc Chattanooga, TN PURPOSE: CORPORATE DONATION MATCH: BOARD OF DIRECTOR MR. MARTY AND MS. BETTY DICKENS | $10,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $6,550 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $5,000 |
Morgan Family Foundation Carmel, IN PURPOSE: MINISTRIES DONATION | $5,000 |
Endowment Analysis
| Beg. Balance | $25,907 |
| Earnings | -$4,206 |
| Admin Expense | $258 |
| Ending Balance | $21,443 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Child Evangelism Fellowship Inc Warrenton, MO | $17,855,849 | $20,135,294 |
Christ In Youth Inc Joplin, MO | $5,769,292 | $15,138,357 |
Memphis Leadership Foundation Inc Memphis, TN | $2,752,638 | $7,362,693 |
K-Life Ministries Branson, MO | $9,049,430 | $7,420,535 |
Snowbird Outfitters Inc Andrews, NC | $8,374,125 | $4,995,769 |
Shepherds Hill Academy Inc Martin, GA | $1,457,455 | $2,744,719 |
Reformed Youth Movement Inc Vestavia Hills, AL | $383,733 | $2,353,937 |
Growing Leaders Peachtree Corners, GA | $1,677,783 | $2,391,080 |
Rocketown Of Middle Tennessee Nashville, TN | $14,416,102 | $2,100,744 |
Passport Inc Birmingham, AL | $1,420,477 | $2,225,291 |
For The Kingdom Inc Memphis, TN | $3,127,241 | $2,655,731 |
Fellowship Of Christian Cheerleaders Inc Suwanee, GA | $282,175 | $1,169,666 |