Nonprofit · EIN 81-2392827
HEART OF RUTHERFORD FOUNDATION
Tax-exempt · BRENTWOOD, TN 37024
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $40,851,060 | $613,227 | $40,237,833 | $43,784,686 | $3,546,744 | $40,237,942 |
| December 31, 2023 | 990-PF | $23 | $3,082 | -$3,059 | $109 | $0 | $109 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $38,981,552
- Dividends
- $311,881
- Interest
- $280,113
- Net gain from sales of assets
- $1,839,155
- Other income
- -$561,641
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $345,000
- Excise tax on investment income
- $30,187
Balance sheet and other
- Total assets, start of year
- $109
- Total assets, end of year
- $43,784,686
- Total liabilities, end of year
- $3,546,744
- Net assets, end of year
- $40,237,942
- Fair market value of assets
- $45,127,288
- Net investment income
- $2,430,252
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY MULLINS 340 SEVEN SPRINGS WAY STE 720, BRENTWOOD, TN 37027 | BOARD MEMBER | 2 | $120,000 |
| JUSTIN ROYAL 340 HIGH STREET, MEDFORD, MA 02155 | BOARD MEMBER | 2 | $75,000 |
| HAYLEY PAGETT 1504 NICKELBY PLACE, THOMPSONS STATION, TN 37179 | BOARD MEMBER | 2 | $75,000 |
| LAURA WILLIAMS 4624 SPRING COVE DRIVE, MURFREESBORO, TN 37128 | BOARD MEMBER | 2 | $75,000 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY MULLINS 340 SEVEN SPRINGS WAY STE 720, BRENTWOOD, TN 37027 | BOARD MEMBER | 0 | $0 |
| BARRY ROYAL 3024 BERRY PATCH TRAIL, ROCKVALE, TN 37153 | BOARD MEMBER | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 126, BRENTWOOD, TN 37024-0126
- Signed the 990-PF
- LARRY MULLINS, BOARD MEMBER
- Phone
- (615) 370-8576
- Return prepared by
- MULLINS CLEMMONS & MAYES PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 81-2392827
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T22)
- Assets (IRS master file)
- $43,784,686
- Income (IRS master file)
- $57,311,220
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $40,851,060 | $613,227 | $43,784,686 | IRS |
| 990-PF | December 2023 | $23 | $3,082 | $109 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2392827).
Questions about HEART OF RUTHERFORD FOUNDATION
- What is the EIN of HEART OF RUTHERFORD FOUNDATION?
- The employer identification number (EIN) of HEART OF RUTHERFORD FOUNDATION is 81-2392827.
- Is HEART OF RUTHERFORD FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to HEART OF RUTHERFORD FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does HEART OF RUTHERFORD FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of HEART OF RUTHERFORD FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEART OF RUTHERFORD FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of HEART OF RUTHERFORD FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 4 people; 4 received compensation from the organization, the highest $120,000 (LARRY MULLINS, BOARD MEMBER).
- How much revenue does HEART OF RUTHERFORD FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $40,851,060, expenses of $613,227 and total assets of $43,784,686 at year end.
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All nonprofits in BRENTWOOD · Tennessee · Philanthropy, voluntarism and grantmaking foundations