Isaac Litton Alumni Association General Information Contact Information nprofit Isaac Litton Alumni Association Address P.O. Box 752 Madison, TN 37116 0752 Phone (615) 264-2179 Web Site Web Site Email mcgroup@bellsouth.net At A Glance Year of Incorporation 2002 1
Mission & Impact Statements Mission Our mission is to provide a Community Center and Park to be used by 4,000 youth for basketball, baseball and other activities, and to provide a gathering place for families in the area. Background The Isaac Litton Alumni Association initiated the renovation of the former high school's gymnasium in 2006 after signing an agreement with Metropolitan Nashville Public Schools that would allow them to renovate the deteriorating structure and subsequently, occupy it. The alumni association obtained non-profit status and commenced their efforts to raise funds for the total project; including renovation of the lower level which houses a kitchen, meeting rooms, and bathrooms. When the work is completed, the primary use of the gym will be to provide a place for organized athletic activities for the nearly 4,000 children within the various leagues in the greater Nashville area. An estimated 40% of these children are considered at risk and counseling will be available on site for those who need it. Personnel from youth programs will occupy the building and assume responsibility for scheduling use of the gym. The Isaac Litton Alumni Association and the Inglewood Neighborhood Association will share the interior space and the gym will be available for these groups to schedule community gatherings. Impact The impact of the Community Center on youth and families will be huge. The center will be used by area youth sports leagues for basketball and volleyball, and will also house an exercise room and meeting rooms for the Inglewood Neighborhood Association and the Isaac Litton Alumni Association, and offices. Needs There are no other facilities in our area for youth to participate in organized sports activities, and no parks for families in the community to enjoy. The need for completion of this project is apparent, as it will be extremely beneficial to the community. Service Categories Primary Organization Category Youth Development / Youth Development Programs Areas of Service Areas Served TN - Davidson Board Chair Statement I am fully supportive of the Isaac Litton Community Center Project because I believe it represents an opportunity for Isaac Litton High School alumni to give back to the community where our families lived. CEO Statement I am totally committed to this project because of my belief in the importance of programs for youth, including those who are at-risk. I also believe in the importance of families and a sense of community. This project provides the opportunity for parents to visit while children are engaged in sports activities or play, for family picnics and gatherings, and for meetings or social occasions for the neighborhood association and alumni. Jim Howell Project Chair 2
Programs Programs Youth Athletics Description Category When the Isaac Litton gymnasium renovation is complete, the gym will be a hub of activity for youth basketball and volleyball activities. Youth organizations will have offices in the building and will be responsible for coordination of activities at the gym. We anticipate that over 4,000 youth will participate in sports at the Isaac Litton Community Center Gymnasium. Youth Development, General/Other Youth Development, General/Other Population Served K-12 (5-19 years),, 3
Governance Board Chair Board Chair Mr. Larry Collier Company Affiliation Metro Board of Education Term July 2010 to June 2011 Email larry.collier@mnps.org Board Members Name Affiliation Status Mr. Jim Caldwell Retired Voting Mr. Jim Clift Consumers Insurance Voting Mr. Larry Collier Metro Board of Education Voting Mr. Jim Howell Community Volunteer Voting Mr. Forrest Hulan Retired Voting Mr. Mark A. Johnson Madison Suburban Utility District Voting Ms. Sandra Lawrence Community Volunteer Voting Mr. John Lowe John Lowe and Associates Voting Mr. Ted Ridings New York Life Insurance Company Voting Mr. Kenneth Robinson Robinson Painting Company Voting Mr. Bryan Roehrig Roehrig and Associates, PC Voting Ms. Nila Jo Garmon Sherrill Retired Educator Voting Mr. Stennis Smith Retired Voting Mr. Bill Stalker Trinity Contractors, LLC Voting Ms. Beth Pylant Stewart Retired Voting Mr. Ted Wynne Precision Energy Solutions, LLC Voting Board Demographics - Ethnicity African American/Black 1 Asian American/Pacific Islander 0 Caucasian 15 Hispanic/Latino 0 Native American/American Indian 0 Other 0 Board Demographics - Gender Male 13 Female 3 Unspecified 0 4
Governance Board Term Lengths 2 Board Term Limits 0 Board Meeting Attendance % 75% Written Board Selection Criteria? Written Conflict of Interest Policy? Percentage Making Monetary Contributions 100% Percentage Making In-Kind Contributions 90% Number of Full Board Meetings Annually 12 Standing Committees minating Executive Finance 5
Management Executive Director/CEO Executive Director Executive Director Staff Full Time Staff 0 Part Time Staff 0 Volunteers 50 Contractors 0 Retention Rate 0% Plans & Policies Does the organization have a documented Fundraising Plan? Yes Does the organization have an approved Strategic Plan? In case of a change in leadership, is a Management Succession plan in place? Does the organization have a Policies and Procedures Plan? Does the organization have a ndiscrimination Policy? Yes Does the organization have a Whistle Blower Policy? Does the organization have a Document Destruction Policy? 6
Financials Fiscal Year Fiscal Year Start Jan 01 2011 Fiscal Year End Dec 31 2011 Projected Revenue $1,100,000.00 Projected Expenses $1,076,853.00 Endowment Value $0.00 Endowment Spending Percentage (if selected) 0% Detailed Financials Revenue and Expenses Total Revenue $253,764 $221,130 $43,384 Total Expenses $292,855 $10,840 $32,082 Revenue Sources Foundation and Corporation $0 $0 $0 Contributions Government Contributions $0 $0 $0 Federal $0 $0 $0 State $0 $0 $0 Local $0 $0 $0 Unspecified $0 $0 $0 Individual Contributions $245,103 $207,960 $17,693 Indirect Public Support $0 $0 $0 Earned Revenue $0 $0 $0 Investment Income, Net of Losses $489 $2,418 $10,289 Membership Dues $0 $2,968 $5,313 Special Events $0 $388 $10,089 Revenue In-Kind $0 $0 $0 Other $8,172 $7,396 $0 7
Expense Allocation Program Expense $0 $0 $0 Administration Expense $0 $0 $0 Fundraising Expense $0 $0 $0 Payments to Affiliates $0 $0 $0 Total Revenue/Total Expenses 0.87 20.40 1.35 Program Expense/Total Expenses 0% 0% 0% Fundraising Expense/Contributed Revenue 0% 0% 0% Assets and Liabilities Total Assets $277,128 $316,219 $105,929 Current Assets $274,189 $314,219 $104,929 Long-Term Liabilities $0 $0 $0 Current Liabilities $0 $0 $0 Total Net Assets $277,128 $316,219 $105,929 Short Term Solvency Current Ratio: Current Assets/Current Liabilities -- -- -- Long Term Solvency Long-Term Liabilities/Total Assets 0% 0% 0% Top Funding Sources Top Funding Source & Dollar Amount -- -- -- Second Highest Funding Source & Dollar -- -- -- Amount Third Highest Funding Source & Dollar Amount -- -- -- Capital Campaign Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? Yes Campaign Purpose The Isaac Litton Community Center project was initiated in 2006 when alumni of the former school signed an agreement with Metropolitan Nashville Public Schools that allowed the alumni to renovate the rapidly deteriorating gymnasium and subsequently, occupy it. The Isaac Litton alumni obtained 501(c)(3) nonprofit status and commenced their efforts to raise funds for the project which also includes a park, playground, gazebo, tennis courts, baseball field, and football stadium. All aspects of the project are complete, and in use, except the gymnasium. The football field is being used by Isaac Litton Middle School and Junior Pro teams and the baseball field is used by various youth organizations. The park and surrounding area are used by the Inglewood community for picnics and other activities. When the gym renovation is completed, the community will have a place to host youth activities and other community activities year round. Capital Campaign Goal $0.00 Campaign Start and End Dates Jan 2006 to Dec 2011 Capital Campaign Raised-to-Date Amount $1,100,000.00 as of June 2010 Capital Campaign Anticipated in Next 5 Years? Yes 8
State Charitable Solicitations Permit TN Charitable Solicitations Registration Yes - Expires June 2015 GivingMatters.com Financial Comments Financial figures taken from 990 only. Foundation, corporations and congregations are included with individual contributions as they were not separated in the 990EZ. The breakdown of expenses into Program, Administration and Fundraising is not available as the 990EZ does not provide this information. 990 was prepared by Randall Matlock & Associates PC. Comments provided by Amy McDaniel 06/2010. Created 06.07.2018. Copyright 2018 The Community Foundation of Middle Tennessee 9