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Filing year 2024

W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST

Franklin, Tennessee·EIN 62-6033040·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$9k
Total assets
$146k
Total expenses
$12k
Reported officers
3

Executive compensation

Form 990-PF · Part VIII · 3 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Tennessee.

Trustee
Board Member
Below 10th percentile
$2k
$2k
Trustee
Board Member
Below 10th percentile
$150
$159
Trustee
Board Member
Below 10th percentile
$150
$159

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST equaled 13% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
13%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

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

Total granted

$8k

Itemized grants

1

Median grant

$8k

RecipientLocationPurposeAmount
Magness Community House and LibraryMcMinnville, TNGeneral support$8k
Pay for the position

Board Member pay held roughly steady from 2023 to 2024, while revenue rose 7%.

$2k in 2023 to $2k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST

What does the Board Member of W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST earn?

In 2024, the Board Member of W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST received $1,500 in total compensation. This pay is in the bottom 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Tennessee: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.

How does Board Member pay at W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Tennessee, the 2024 pay of the Board Member at W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST falls in the bottom 10%. In 2024, the highest total compensation at W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST equaled 13% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST's revenue and expenses?

In 2024, W H & EDGAR MAGNESS COMMUNITY HOUSE & LIBRARY TRUST reported $9k in total revenue and $12k 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.