Sme Preservation Fund is located in Signal Mountain, TN. The organization was established in 2018. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sme Preservation Fund 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 12/2023, Sme Preservation Fund generated $197.0k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $187.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RESTORE, MAINTAIN, AND IMPROVE THE HISTORIC SIGNAL MOUNTAIN ELEMENTARY SCHOOL
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORE, MAINTAIN, AND IMPROVE THE HISTORIC SIGNAL MOUNTAIN ELEMENTARY SCHOOLDURING 2023, FUNDS WERE EXPENDED FOR VARIOUS BUILDING PROJECTS. RECORDING BUILDING REPAIR COSTS WERE $12,348.MUSIC, ART, AND POTTERY LESSONSROOM RENTAL
| Name (title) | Role | Hours | Compensation | 
|---|---|---|---|
John Harr Treasurer/secretary  | OfficerTrustee | 2 | $0 | 
Richard Graham President  | OfficerTrustee | 1 | $0 | 
Snoda Hendricks Director  | Trustee | 1 | $0 | 
Ellis Gardner Director  | Trustee | 1 | $0 | 
Margaret Cooke Director  | Trustee | 1 | $15,924 | 
Lauren Day Director  | Trustee | 1 | $0 | 
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 | 
| Membership dues | $0 | 
| Fundraising events | $3,125 | 
| Related organizations | $0 | 
| Government grants | $0 | 
| All other contributions, gifts, grants, and similar amounts not included above | $22,940 | 
| Noncash contributions included in lines 1a–1f | $0 | 
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,065 | 
| Total Program Service Revenue | $135,967 | 
| Investment income | $21 | 
| Tax Exempt Bond Proceeds | $0 | 
| Royalties | $0 | 
| Net Rental Income | $15,746 | 
| Net Gain/Loss on Asset Sales | $0 | 
| Net Income from Fundraising Events | $14,098 | 
| Net Income from Gaming Activities | $0 | 
| Net Income from Sales of Inventory | $0 | 
| Miscellaneous Revenue | $0 | 
| Total Revenue | $197,003 | 
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 | 
| Grants and other assistance to domestic individuals. | $0 | 
| Grants and other assistance to Foreign Orgs/Individuals | $0 | 
| Benefits paid to or for members | $0 | 
| Compensation of current officers, directors, key employees. | $31,924 | 
| Compensation of current officers, directors, key employees. | $0 | 
| Compensation to disqualified persons | $0 | 
| Other salaries and wages | $0 | 
| Pension plan accruals and contributions | $0 | 
| Other employee benefits | $0 | 
| Payroll taxes | $0 | 
| Fees for services: Management | $0 | 
| Fees for services: Legal | $0 | 
| Fees for services: Accounting | $3,928 | 
| Fees for services: Lobbying | $0 | 
| Fees for services: Fundraising | $0 | 
| Fees for services: Investment Management | $0 | 
| Fees for services: Other | $87,057 | 
| Advertising and promotion | $8,288 | 
| Office expenses | $37,436 | 
| Information technology | $0 | 
| Royalties | $0 | 
| Occupancy | $14,216 | 
| Travel | $904 | 
| 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 | $121 | 
| Insurance | $1,017 | 
| All other expenses | $804 | 
| Total functional expenses | $187,716 | 
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,132 | 
| Savings and temporary cash investments | $11,374 | 
| Pledges and grants receivable | $0 | 
| Accounts receivable, net | $0 | 
| Loans from Officers, Directors, or Controlling Persons | $0 | 
| Loans from Disqualified Persons | $0 | 
| Notes and loans receivable | $0 | 
| Inventories for sale or use | $0 | 
| Prepaid expenses and deferred charges | $0 | 
| Net Land, buildings, and equipment | $6,944 | 
| Investments—publicly traded securities | $0 | 
| Investments—other securities | $0 | 
| Investments—program-related | $0 | 
| Intangible assets | $0 | 
| Other assets | $0 | 
| Total assets | $25,450 | 
| Accounts payable and accrued expenses | $0 | 
| Grants payable | $0 | 
| Deferred revenue | $0 | 
| 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 | $0 | 
| Unsecured mortgages and notes payable | $0 | 
| Other liabilities | $0 | 
| Total liabilities | $0 | 
| Net assets without donor restrictions | $22,305 | 
| Net assets with donor restrictions | $3,145 | 
| 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 | $25,450 |