Bill and Carol Latimer Charitable Foundation
201 West Main St E, Union City, TN · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $28,531,702 | $8,684,848 | $161,006,492 |
| FY2022 | $29,937,764 | $7,631,165 | $141,162,753 |
| FY2021 | $34,799,223 | $5,947,162 | $129,837,485 |
| FY2020 | $7,386,855 | $6,346,596 | $100,985,424 |
| FY2019 | $1,912,850 | $5,059,387 | $99,945,165 |
| FY2015 | $4,598,148 | $4,570,108 | $97,844,746 |
| FY2014 | $10,877,946 | $13,795,831 | $97,816,706 |
| FY2013 | -$75,173 | $15,368,420 | $100,734,591 |
| FY2012 | $7,795,755 | $11,949,503 | $116,178,184 |
| FY2011 | $16,352,775 | $6,000,293 | $120,331,932 |
Form 990 filings
The returns filed by Bill and Carol Latimer Charitable Foundation (EIN 20-3450991), including Form 990-PF PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $8,575,675 | 30% |
| Other revenue | $19,956,027 | 70% |
Grants paid
Total contributions, gifts and grants paid by year, as reported on Form 990-PF. Individual recipients are not published. See private foundations in TN. See the largest grantmakers.
| Tax year | Grants paid |
|---|---|
| FY2023 | $7,600,384 |
| FY2022 | $6,526,686 |
| FY2021 | $5,279,279 |
| FY2020 | $5,889,416 |
| FY2019 | $4,672,281 |
| FY2015 | $4,363,293 |
| FY2014 | $13,704,943 |
| FY2013 | $15,115,650 |
| FY2012 | $11,516,834 |
| FY2011 | $5,672,183 |
What the numbers show
- Other revenue made up 70% of total revenue in FY2023.
- Net assets covered about 222.5 months of expenses at the end of the reporting year. That puts it in the 95th percentile among 1048 Education organizations in TN.
- Total revenue was higher than 96.1% of 1061 Education organizations in TN.
- Total revenue rose from $16,352,775 in FY2011 to $28,531,702 in FY2023. Revenue increased in 3 and decreased in 6 of 9 year-over-year comparisons.
- Expenses exceeded revenue in 4 of 10 reported years (FY2012, FY2013, FY2014, FY2019).
- The highest revenue on record here is $34,799,223 in FY2021.
- Net assets grew from $120,331,932 to $161,006,492 between FY2011 and FY2023.
- Contributions and grants made up 57% of revenue in FY2011 and 30% in FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
IRS status
| Ruling year | 2006 |
| Subsection | 501(c)(3) |
| Classification | Private foundation |
| Program area (NTEE) | B82 — Education (in TN) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (private foundation). |
Similar organizations
- Middle Tennessee State University Foundation — Murfreesboro, TN · $29,458,163
- Johnson University — Knoxville, TN · $30,338,363
- Freedom Preparatory Academy Inc — Memphis, TN · $30,495,662
- Hca Healthcare Foundation — Nashville, TN · $25,819,933
- Briarcrest Christian School System Inc — Eads, TN · $33,326,057
- Southern College of Optometry — Memphis, TN · $35,582,027
- Tusculum University — Greeneville, TN · $36,816,176
- Tennessee Wesleyan University — Athens, TN · $38,571,636
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.