Dominion Financial Management Inc in Smyrna, Tennessee (TN)

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Dominion Financial Management Inc
Employer Identification Number (EIN)562140536
Name of OrganizationDominion Financial Management Inc
In Care of NameRegina Harvey
Address660 Fitzhugh Blvd Ste 100, Smyrna, TN 37167-2066
SubsectionEducational Organization
Ruling Date07/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$97,800
Amount of Income$326,961
Form 990 Revenue Amount$326,961
National Taxonomy of Exempt Entities (NTEE)Human Services - Multipurpose and Other: Financial Counseling, Money Management


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Amount of income in 2013: $326,961 (it was $303,932 in 2012)
This organization: 

 $326,961
Other organizations performing similar types of work: 

 $156,466

Assets in 2013: $97,800 (it was $126,939 in 2012)
Dominion Financial Management Inc: 

 $97,800
Other organizations performing similar types of work: 

 $45,042

Expenses in 2013: $359,731
Dominion Financial Management Inc: 

 $359,731
Other organizations performing similar types of work: 

 $135,428

Income to expenses ratio in 2013: 0.9
Dominion Financial Management Inc: 

 0.9
Other organizations performing similar types of work: 

 1.3

Number of employees in 2013: 15
This organization: 

 15
Other organizations performing similar types of work: 

 7

Grants share in income in 2013: 84.1%
Dominion Financial Management Inc: 

 84.1%
Other organizations performing similar types of work: 

 90.6%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?NoNo
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?NoNo
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?NoNo
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?NoNo
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?NoNo
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoNo
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?NoNo
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?NoNo
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
2010201120122013
The number reported in Box 3 of Form 10960171
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?NoYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return141715
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?NoNoNo
Did the organization notify the donor of the value of the goods or services provided?NoNoNo
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0$0
Gross receipts for public use of club facilities $0$0$0$0
Gross income from members or shareholders$0$0$0$0
Gross income from other sources$0$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$85,506$88,792
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$0$0
Total number of individuals who received more than $100,000 of reportable compensation from the organization00
Total number of independent contractors who received more than $100,000 of compensation from the organization00
Statement of Revenue
2010201120122013
Total revenue$315,081$188,098$303,932$326,961
Contributions, Gifts, Grants and Other Similar Amounts$194,556$114,085$248,700$274,920
Program Service Revenue$120,525$74,013$55,232$52,041
Administration of Housing Programs $74,013$55,232$52,041
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$0$0$0$0
Income from investment of tax-exempt bond proceeds$0$0$0$0
Royalties$0$0$0$0
Net rental income$0$0$0$0
Net gain/loss from sales of assets other than inventory$0$0$0$0
Net income/loss from fundraising events$0$0$0$0
Net income/loss from gaming activities$0$0$0$0
Net income/loss from sales of inventory$0$0$0$0
Miscellaneous Revenue$0$0$0$0
Statement of Functional Expenses
2010201120122013
Total functional expenses$265,769$267,563$277,887$359,731
Grants and other assistance to domestic organizations and domestic governments$0$0$0
Grants and other assistance to domestic individuals$0$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$71,692$76,011$90,884$101,793
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$68,871$79,732$71,805$119,721
Pension plan accruals and contributions$0$0$0
Other employee benefits$0$0$0
Payroll taxes$12,848$11,453$11,973$12,374
Fees for services (non-employees)
Management$0$750$2,250
Legal$0$0$0
Accounting$0$4,069$0
Lobbying$0$0$0
Professional fundraising services$0$0$0$0
Investment management fees$0$0$0
Other$7,725$1,494$0
Advertising and promotion$2,080$2,048$2,918
Office expenses$12,125$9,437$5,697
Information technology$2,884$450$2,951
Royalties$0$0$0
Occupancy$18,470$20,460$21,656
Travel$16,042$7,238$11,061
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$0$484$3,769
Interest$3,095$3,586$3,527
Payments to affiliates$5,197$0$0
Depreciation, depletion, and amortization$1,722$1,347$1,425
Insurance$17,957$29,195$34,762
Other expenses$265$11,641$12,097
Other expenses$2,099$1,655$9,014
Other expenses$4,462$269$3,901
Other expenses$558$222$2,928
Other expenses$5,686$0$7,887
Balance Sheet
2010201120122013
Total assets$183,085$102,286$126,939$97,800
Cash - non-interest-bearing$12,096$32,591$3,801
Savings and temporary cash investments$0$0$0
Pledges and grants receivable, net$0$0$0
Accounts receivable, net$0$0$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$0$0
Land, buildings, and equipment: cost or other basis$89,906$94,064$93,715
Investments - publicly traded securities$0$0$0
Investments - other securities$0$0$0
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$284$284$284
Total liabilities$77,109$75,775$74,383$78,014
Accounts payable and accrued expenses$3,528$3,279$812
Grants payable$0$0$0
Deferred revenue$0$0$0
Tax-exempt bond liabilities$0$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$73,157$72,247$71,104$69,902
Unsecured notes and loans payable to unrelated third parties$0$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0$0$0
Total net assets or fund balances$105,976$26,511$52,556$19,786
Unrestricted net assets$26,511$52,556$19,786
Temporarily restricted net assets$0$0$0
Permanently restricted net assets$0$0$0
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$974,429
Subtotal Support$974,429
Gifts, grants, contributions, and membership fees received$968,429
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$6,000
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$974,429
Public Support$974,429
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$0
Gross receipts from related activities, etc.$389,191
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Dominion Financial Management Inc660 Fitzhugh Blvd Ste 100, Smyrna, TN 37167-2066TN1999-07$326,961
2The Memphis Housing Resource Center Inc2400 Poplar Ave Ste 220, Memphis, TN 38112-3209TN1996-06$139,519
3Beatingdebt OrgPo Box 72732, Chattanooga, TN 37407TN2008-05$7,198
4Break-Away Beginnings Foundation7450 Chapman Hwy 310, Knoxville, TN 37920TN2007-08$0
5Christian Debt Counseling3084 Mcvay Trail Dr, Memphis, TN 38119-8723TN1997-07$0
6Citizens Against Unfair Financial Practice5119 Summer Avenue Suite 401, Memphis, TN 38122TN2011-04$0
7Delta Minority Farmers Consulting CorporationPO BOX 343132, Bartlett, TN 38184-3132TN2005-02$0
8Empower Communities280 Lincoln Rd, Fayetteville, TN 37334TN2010-04$0
9Guidance Academy Of True Enrichment, Gate Inc631 East Mallory Ave, Memphis, TN 38106TN2007-04$0
10Haywood County Affordable Housing Community Development Corporation712 Friendship Rd, Brownsville, TN 38012-8433TN2008-01$0
11Hope For Tomorrow Inc3115 Park Avenue, Memphis, TN 38111TN2007-05$0
12K & L Representative Payee ServicesPo Box 2106, Cordova, TN 38088TN2015-04$0
13Life Skill Resources Inc7087 Cutter Mill Rd, Memphis, TN 38141TN2007-03$0
14Ltc Development Enterprises Inc5945 Crosspointe Lane, Brentwood, TN 37027TN2002-09$0
15Mi Techo Inc1953 Lonhill Drive, Collierville, TN 38017TN2007-02$0
16Money Repair Clinic Inc4815 Harvest Knoll Lane, Memphis, TN 38125TN2010-08$0
17Opportunity For Financial Empowerment Inc3220 E Shelby Drive, Memphis, TN 38118TN2001-03$0
18Tricap Academy7253 Grand Bay Cv, Memphis, TN 38125-3083TN2007-01$0
19United Communities Committee IncPO BOX 520, Cordova, TN 38088-0520TN2007-04$0
20Universal Consultants Inc3250 Dickerson Pike Ste 205, Nashville, TN 37207-2969TN2007-10$0
Number of organizations performing similar types of work
Alaska1
Alabama15
Arkansas13
Arizona28
California156
Colorado14
Connecticut7
District of Columbia14
Delaware5
Florida119
Georgia76
Hawaii3
Iowa14
Idaho7
Illinois62
Indiana14
Kansas6
Kentucky6
Louisiana21
Massachusetts21
Maryland52
Maine4
Michigan33
Minnesota23
Missouri19
Mississippi10
Montana8
North Carolina46
North Dakota1
Nebraska5
New Hampshire2
New Jersey29
New Mexico6
Nevada12
New York51
Ohio36
Oklahoma9
Oregon22
Pennsylvania32
South Carolina21
South Dakota9
Tennessee25
Texas81
Utah11
Virginia34
Washington30
Wisconsin18
West Virginia3
Wyoming5
International1
Total1,240

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