Nonprofit · EIN 99-3175705
SB INITIATIVE
Tax-exempt · NASHVILLE, TN 37205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $1,609,964 | $1,605,003 | $4,961 | $1,223,743 | $1,185,251 | $38,492 |
| August 31, 2024 | 990-EZ | $66,300 | $32,769 | $33,531 | $51,749 | $18,218 | $33,531 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $2,618,238
- Program service revenue
- $0
- Investment income
- $4,432
- Net income from fundraising events
- -$1,012,706
- Other revenue
- -$1,012,706
Expenses
- Grants and similar amounts paid
- $1,000,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $393,967
- Accounting fees
- $4,373
- Program services (functional)
- $1,000,000
- Management and general (functional)
- $605,003
Balance sheet and other
- Total assets, start of year
- $51,749
- Total assets, end of year
- $1,223,743
- Total liabilities, end of year
- $1,185,251
- Net assets, end of year
- $38,492
- Net assets without donor restrictions
- $38,492
- Gross receipts
- $3,932,548
- Employees
- 0
- Volunteers
- 200
- Year formed
- 2024
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN BROWN | PRESIDENT (CO-CHAIR) Trustee or director, Officer | 30 | $0 |
| ELIZABETH NICHOLS | PRESIDENT (CO-CHAIR) Trustee or director, Officer | 30 | $0 |
| KATHLEEN ESTES | SECRETARY Trustee or director, Officer | 3 | $0 |
| JULIE WALKER | TREASURER Trustee or director, Officer | 10 | $0 |
| BETH ALEXANDER | DIRECTOR Trustee or director | 1 | $0 |
| LAUREL BUNTIN | DIRECTOR Trustee or director | 1 | $0 |
| KARYN FRIST | DIRECTOR Trustee or director | 1 | $0 |
| PEGGY KINNARD | DIRECTOR Trustee or director | 1 | $0 |
| JENNIE MCCABE | DIRECTOR Trustee or director | 1 | $0 |
| SISSY WILSON | DIRECTOR Trustee or director | 1 | $0 |
| JULIE STADLER | DIRECTOR Trustee or director | 1 | $0 |
| JEAN BOTTORFF | DIRECTOR Trustee or director | 1 | $0 |
| JANA DAVIS | DIRECTOR Trustee or director | 1 | $0 |
990-EZ for the year ended August 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KATHRYN BROWN | PRESIDENT, BOARD CO-CHAIR | 30 | $0 |
| ELIZABETH NICHOLS | PRESIDENT, BOARD CO-CHAIR | 30 | $0 |
| KATHLEEN ESTES | SECRETARY | 3 | $0 |
| JULIE WALKER | TREASURER | 10 | $0 |
| BETH ALEXANDER | DIRECTOR | 1 | $0 |
| LAUREL BUNTIN | DIRECTOR | 1 | $0 |
| KARYN FRIST | DIRECTOR | 1 | $0 |
| PEGGY KINNARD | DIRECTOR | 1 | $0 |
| JENNIE MCCABE | DIRECTOR | 1 | $0 |
| SISSY WILSON | DIRECTOR | 1 | $0 |
| JULIE STADLER | DIRECTOR | 1 | $0 |
| JEAN BOTTORFF | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 50475, NASHVILLE, TN 37205-0475
- In care of
- % WADDEY ACHESON - CHANELLE ACHESON
- Principal officer (990 for 2024)
- CANDACE REEVE, PO BOX 50475, NASHVILLE, TN 37205
- Signed the 990
- CANDACE REEVE, TREASURER
- Phone
- (615) 972-7717
- Website
- HTTPS://WWW.SWANBALL.COM
- Return prepared by
- DEMPSEY VANTREASE & FOLLIS PLLC
Mission
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) OF THE IRS CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AS DECIDED AND DETERMINED BY A MAJORITY VOTE OF THE THEN CURRENT EXECUTIVE COMMITTEE.
Program accomplishments
- THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES, INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) OF THE IRS CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE, AS DECIDED AND DETERMINED BY A MAJORITY VOTE OF THE THEN CURRENT EXECUTIVE COMMITTEE.Expenses $1,000,000 · grants $1,000,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 99-3175705
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2024
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A12)
- Assets (IRS master file)
- $1,223,743
- Income (IRS master file)
- $3,932,548
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $1,609,964 | $1,605,003 | $1,223,743 | XML |
| 990-EZ | August 2024 | $66,300 | $32,769 | $51,749 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 99-3175705).
Questions about SB INITIATIVE
- What is the EIN of SB INITIATIVE?
- The employer identification number (EIN) of SB INITIATIVE is 99-3175705.
- Is SB INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2024.
- Are donations to SB INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SB INITIATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SB INITIATIVE due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SB INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of SB INITIATIVE?
- The 990 for the year ended August 31, 2025 names CANDACE REEVE.
- Who are the officers and directors of SB INITIATIVE?
- The 990 for the year ended August 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does SB INITIATIVE have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $1,609,964, expenses of $1,605,003 and total assets of $1,223,743 at year end.
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