Pmc Cares Foundation is located in Nashville, TN. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pmc Cares Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PRIMARY PURPOSES OF THE ORGANIZATION IS TO DISBURSE FUNDS FOR CHARITABLE PURPOSES FOR PMC EMPLOYEE/FAMILY SCHOLARSHIPS, PMC EMPLOYEE HARDSHIP ASSISTANCE, FINANCIAL AND IN-KIND SERVICE CONTRIBUTIONS TO LOCAL, REGIONAL AND NATIONWIDE CHARITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PMC CARES FOUNDATION ACCEPTS FUNDS THROUGHOUT THE YEAR WITH THE MAJOR FUNDRAISING EVENT BEING THE PMC CARES GOLF TOURNAMENT, WHICH IS HELD ANNUALLY. IN 2022, THE GOLF TOURNAMENT EVENT WAS HELD BY THE RELATED ENTITY, PARK MANAGEMENT COMPANY, LLC ON BEHALF OF THE FOUNDATION, AND THE PROCEEDS FROM THE EVENT WAS DONATED TO THE FOUNDATION. STARTING IN 2023, THE GOLD TOURNAMENT WILL BE HELD BY THE FOUNDATION, AND IT IS EXPECTED TO BE THE LARGEST FUNDRAISING EVENT EACH YEAR. IN 2022, THE FOUNDATION WAS ENGAGED IN THE GRANTMAKING TO ANOTHER 501(C)(3) CHARITY. GOING FORWARD, THE EXPECTED DISTRIBUTION OF FUNDS IS ROUGHLY 33.3 PERCENT FOR SCHOLARSHIPS AND EMPLOYEE ASSISTANCE THROUGH COMMUNITY FOUNDATION OF MIDDLE TENNESSEE. ROUGHLY 33.3 PERCENT FOR REGIONAL 'LEND A HAND' CONTRIBUTIONS. ROUGHLY 33.3 PERCENT FOR CONTRIBUTIONS TO OTHER NATIONWIDE CHARITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Theodore T Mccarley President | OfficerTrustee | 4 | $0 |
Shannon Cahill Secretary | OfficerTrustee | 2 | $0 |
John Manor Director | Trustee | 2 | $0 |
George Armistead Director | Trustee | 1 | $0 |
Nicole Fuquay Director | Trustee | 3 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $113,700 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $105,537 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $219,237 |
Total Program Service Revenue | $0 |
Investment income | $13 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $219,250 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
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 | $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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
Insurance | $0 |
All other expenses | $586 |
Total functional expenses | $15,586 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $100,014 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $103,650 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $203,664 |
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 | $203,664 |
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 | $203,664 |