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Filing year 2024

NMI FOUNDATION

Chattanooga, Tennessee·EIN 85-3583237·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)
Total revenue
$960k
Total assets
$563k
Total expenses
$9M
Reported officers
2

Reported officers (all unpaid)

No paid executives reported in 2024. NMI FOUNDATION reported 2 unpaid officers and board members on its 990-PF.

President and Treasurer
Secretary

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$9M

Itemized grants

3

Median grant

$1M

RecipientLocationPurposeAmount
GIRLS PREPARATORY SCHOOLCHATTANOOGA, TNESTABLISHMENT AND FUNDING OF THE SHARON MILLS SUSTAINABILITY FUND WHICH IS AIMED AT ENSURING THE GIRLS PREPARATORY SCHOOL ACHIEVES LONG TERM FINANCIAL AND ENVIRONMENTAL SUSTAINABILITY.$8M
CHATTANOOGA AREA FOOD BANKCHATTANOOGA, TNSUPPORTS SOURCING AND PURCHASE OF FRESH VEGETABLES AND FRUITS, PROTEINS, DAIRY, AND SHELF STABLE FOODS; ADDING STAFFING AND PROFESSIONAL DEVELOPMENT; CAPITAL IMPROVEMENTS; PURCHASE OF REEFER TRUCK AND VAN; COMPUTER TECHNOLOGY.$1M
TIVOLI THEATRE FOUNDATIONCHATTANOOGA, TNSUPPORTS THE CAPITAL RENOVATION CAMPAIGN PROVIDING THE FOLLOWING FOR PERMANENT ART (STEEL AND GLASS SCULPTURE) BEING INSTALLED DURING THE RENOVATION: OFF-SITE STORAGE (WHILE UNDER CONSTRUCTION), ENGINEERING AND ARCHITECTURE FEES, AND MATERIALS AND LABOR.$15k
Financial trend

Revenue and expenses over time

NMI FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.2M
$1.3M
2023
$960k
$9M
2024
Total revenue and total expenses from IRS Form 990 filings.

This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.

Sector benchmark

What Philanthropy, Voluntarism & Grantmaking executives earn in Tennessee

NMI FOUNDATION reported no executive compensation in its latest filing. For context, the highest-paid executive at a comparable philanthropy, voluntarism & grantmaking organization in Tennessee earns a median of $35,455.

25th percentile
$11k
Median
$35,455
75th percentile
$87k
90th percentile
$212k

These are philanthropy, voluntarism & grantmaking sector-wide figures, not this organization's reported pay. Based on 340 organizations across 340 filings (2021 – 2024).

See full Philanthropy, Voluntarism & Grantmaking pay data for Tennessee
FAQ

Common questions about NMI FOUNDATION

What are NMI FOUNDATION's revenue and expenses?

In 2024, NMI FOUNDATION reported $960k in total revenue and $9M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.