Historic Capitol Corridor Foundation

Nonprofit profile at a glance

EIN
833466359
IRS 990-EZ coverage
2023–2024
Forms available
Form 990 2022, Form 990-EZ 2024
Location
Nashville, TN, USA
Phone
6153459200
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Historical Societies & Historic Preservation

Reported finances

Revenue
$160,200
Expenses
$61,715
Assets
$202,252
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Lee Molette (President)

People named in this filing

  • Dee Patel (Director, Treasurer)
  • Lee Molette (President)
  • Ivanetta Davis Samuels (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized exclusively for charitable and educational purposes within the meaning of 501(c)(3) of the Code, and specifically to protect and enhance the historic, cultural, architectural and educational integrity of an historic corridor in downtown Nashville, Tennessee.

What it reported doing in 2024

All program service expenses support cultural and educational programming activities related to the Historic Capitol Corridor Foundation's mission. Such activities included public programming for the historically significant Church Street Park and Capitol Corridor - the blocks housing the Tennessee State Capitol Building, the Historic Hermitage Hotel, Anne Dallas Dudley Boulevard (honoring a significant figure in the Women's Suffrage movement) and the Nashville Public Library, site of the Civil Rights and Suffrage Rooms. The Historic Capitol Corridor Foundation partnered with Metro Nashville, the Nashville Downtown Partnership and the Nashville Public Library to plan and execute specific events and programs.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 82
  • Sustainability: 88
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.4%; rating input score 40
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 61.5%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 3.28; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: -18.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 0.5% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 40.4% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $65K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 40/100.
  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Growth: Revenue growth scored 0/100.