4th Purpose Foundation
- Assets
- $14.0m
- Revenue
- $393.1k
- Investments
- $8.2m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- Data as of
- 12/2021
- 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 12/2021, 4th Purpose Foundation generated $393.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.5%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Josh Smith President & | OfficerTrustee | 1 | $0 |
Chrisi Bollinger Regular Mana | Trustee | 0.2 | $0 |
Tony Parker Regular Mana | Trustee | 0.2 | $0 |
Brett Tollman Regular Mana | Trustee | 0.2 | $0 |
Tracy Smith Special Mana | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sanders Pace Architecture Llc Design Services | 12/30/21 | $146,120 |
Elite Diversified Construction Inc Construction | 12/30/21 | $1,377,879 |
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 | $32,926 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,926 |
| Total Program Service Revenue | $0 |
| Investment income | $59,196 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,000 |
| Net Gain/Loss on Asset Sales | $173,494 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $393,080 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,759 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,454 |
| Payroll taxes | $14,051 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,727 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5 |
| Fees for services: Other | $156,089 |
| Advertising and promotion | $12,501 |
| Office expenses | $39,315 |
| Information technology | $15,890 |
| Royalties | $0 |
| Occupancy | $7,410 |
| Travel | $23,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,352 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $558,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,870,640 |
| 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 | $3,942,679 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $8,171,755 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,985,074 |
| Accounts payable and accrued expenses | $27,154 |
| 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 | $3,012,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,039,154 |
| Net assets without donor restrictions | $10,945,920 |
| 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 | $13,985,074 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that 4th Purpose Foundation has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ninth District Opportunity Inc Gainesville, GA | $20,597,568 | $53,356,026 |
Nema Foundation Inc Tallulah Falls, GA | $40,863,488 | $61,480,995 |
Gary Sinise Foundation Nashville, TN | $79,715,180 | $58,070,139 |
Veterans United Foundation Columbia, MO | $54,107,159 | $30,165,811 |
Jefferson Scholars Foundation Charlottesville, VA | $761,742,846 | $36,629,374 |
The Pauley Family Foundation Richmond, VA | $2,022,061,315 | $1,899,350,410 |
College Foundation Of The University Of Virginia Charlottesville, VA | $252,362,262 | $51,045,128 |
Philanthropic Impact Foundation Nashville, TN | $919,847 | $18,241,201 |
University Of Louisville Real Estate Foundation Louisville, KY | $156,388,720 | $20,770,834 |
Stifel Charitable Inc St Louis, MO | $132,307,100 | $94,589,551 |
Aston Park Health Care Center Inc Asheville, NC | $17,105,214 | $12,530,764 |
James Family Charitable Foundation Charlottesville, VA | $171,150,056 | $16,638,935 |