Pmc Cares Foundation

Organization Overview

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.

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.


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Board, Officers & Key Employees

Name (title)Compensation
Theodore T Mccarley
President
$0
Shannon Cahill
Secretary
$0
John Manor
Director
$0
George Armistead
Director
$0
Nicole Fuquay
Director
$0

Financial Statements

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

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