4th Purpose Foundation
- Assets
- $12.6m
- Revenue
- $593.7k
- Investments
- $7.1m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- Data as of
- 12/2022
- EIN
- 84-4085732
Organization Overview
4th Purpose Foundation is located in Knoxville, TN. According to its NTEE Classification (T30) the organization is classified as: Public 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. 4th Purpose 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, 4th Purpose Foundation generated $593.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.5%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
4TH PURPOSE FOUNDATION WAS CREATED TO BE A CATALYST TO MAKE PRISON A PLACE OF TRANSFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOPED ADDITONAL FREE DIGITAL SERIES OF HOPE-FILLED, UPLIFTING CONTENT DELIVERING MESSAGES OF LOVE AND ENCOURAGEMENT TO INDIVIDUALS AND FAMILIES IMPACTED BY INCARCERATION. DEVELOPED ADDITIONAL RESOURCES AND FREE DIGITAL CONTENT FOR THE WELLNESS OF CORRECTIONS STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony C Powers President | Officer | 40 | $120,000 |
Kristie M Anderson Research & P | 40 | $113,300 | |
Chrisi Bollinger Regular Mana | Trustee | 0.2 | $0 |
Bryan Collier Regular Mana | Trustee | 0.2 | $0 |
Josh Smith Chair | Trustee | 1 | $0 |
Tracy Smith Special Mana | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elite Diversified Construction Inc Construction | 12/30/22 | $912,711 |
Envy Brand Studio Video Services | 12/30/22 | $215,800 |
Men Of Valor Human Services | 12/30/22 | $198,613 |
Kitchen Sales Cabinet/counter | 12/30/22 | $113,839 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $14,353 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,353 |
| Total Program Service Revenue | $0 |
| Investment income | $58,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $195,296 |
| Net Gain/Loss on Asset Sales | $325,475 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $593,650 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $327,574 |
| Pension plan accruals and contributions | $8,064 |
| Other employee benefits | $21,795 |
| Payroll taxes | $25,207 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,046 |
| 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 | $95,507 |
| Advertising and promotion | $284,007 |
| Office expenses | $6,224 |
| Information technology | $9,061 |
| Royalties | $0 |
| Occupancy | $13,762 |
| Travel | $27,813 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,351 |
| Interest | $24,075 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,588 |
| Insurance | $18,286 |
| All other expenses | $0 |
| Total functional expenses | $1,139,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $147,055 |
| 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 | $5,288,886 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,139,287 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,575,228 |
| Accounts payable and accrued expenses | $543,585 |
| 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 | $3,046,036 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,589,621 |
| Net assets without donor restrictions | $8,985,607 |
| Net assets with donor restrictions | $0 |
| 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 | $12,575,228 |