Pace Family Foundation
- Assets
- $353.8k
- Revenue
- $62.9k
- Investments
- $353.8k
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 06/1997
- Data as of
- 09/2023
- EIN
- 62-1665556
Organization Overview
Pace Family Foundation is located in Nashville, TN. The organization was established in 1997. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Pace 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 09/2023, Pace Family Foundation generated $62.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $51.4k during the year ending 09/2023. While expenses have increased by 7.0% per year over the past 6 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 2017, Pace Family Foundation has awarded 35 individual grants totaling $456,820. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
WAVERLY CENTRAL HIGH SCHOOL
HUMPHRIES COUNTY CTE
HUMPHREYS COUNTY ARTS COUNCIL
HUMPHRIES COUNTY MUSEUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald D Pace Trustee | 5 | $0 | |
Kevin Pace Trustee | 5 | $0 | |
Derek Pace Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25 |
| Dividends & Interest | $15,243 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,598 |
| Capital Gain Net Income | $47,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $62,866 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $16,908 |
| Contributions, gifts, grants paid | $34,500 |
| Total expenses and disbursements | $51,408 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $353,762 |
| 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, Pace Family Foundation has awarded $34,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HUMPREYS COUNTY HUMANE SOCIETY PURPOSE: CARE OF HOMELESS PETS | $2,000 |
HUMPHRIES COUNTY ARTS COUNCIL PURPOSE: SUPPORT OF FINE ARTS | $10,000 |
HUMPHREYS COUNTY MUSEUM PURPOSE: SUPPORT OF THE MUSEUM | $10,000 |
AMERICAN LEGION PURPOSE: GENERAL CARE AND AID TO VETERANS | $12,000 |
HUMPHRIES COUNTY HISTORICAL SOCIETY PURPOSE: SUPPORT OF HISTORY EDUCATION OF COUNTY | $500 |