The Minerva Foundation

Nonprofit profile at a glance

EIN
621760618
IRS 990-EZ coverage
2013–2014
Forms available
Form 990-EZ 2014
Location
Nashville, TN, USA
Phone
6155420195
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$129,848
Expenses
$66,891
Assets
$418,004

Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Brenda Gilmore (President)
  • Betty Thompson (Vice-President)

People named in this filing

  • Brenda Gilmore (President)
  • Twila Smith (Treasurer)
  • Jacqueline Johnson (Board Member)

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 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Engage in public service programs that promote and encourage high intellectual, cultural, and moral standards among residents in the Metro Nashville community establish, foster and organize educational, historical and cultural programs that will provide meaningful inter-generational activities and improve the quality of scholarship awards, establish a cultural program and preserve/honor historical events.

What it reported doing in 2014

Programs that promote and encourage high intellectual, cultural, and moral standards among residents in the Metro Nashville community establish, foster and organize educational, historical and cultural pr

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 38
  • Transparency & Controls: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.9%; rating input score 29
  • Program expense ratio: 54.4%; rating input score 54

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 48.5%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 6.25; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 58.1% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 43.1% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 16.3% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 28.9% of revenue deployed · 54.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $36K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2013 to 2014
  • 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.

  • High — Financial Efficiency: Mission deployment rate scored 29/100.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.