GOVERNOR'S EARLY LITERACY FOUNDATION

EIN: 201115704 501(c)(3) Education

NASHVILLE, TN

Total Revenue
$22,624,791
Total Expenses
$15,662,441
Total Assets
$26,456,237
Net Assets
$23,081,048
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TN
Principal Officer
JAMES POND
Phone
8663686371
Tax Period
2024-07-01 to 2025-06-30

GOVERNOR'S EARLY LITERACY FOUNDATION, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $22.6M in total revenue in fiscal year 2024. The organization ran a surplus of $7.0M, a strong 31% operating margin.

Mission

THE MISSION OF GOVERNOR'S EARLY LITERACY FOUNDAION (GELF) IS TO STRENGTHEN EARLY LITERACY IN TENNESSEE. GELF EQUIPS TENNESSEE'S CHILDREN WITH BOOKS AND INNOVATIVE LITERACY TOOLS THAT ENCOURAGE LIFELONG LEARNING FOR A BRIGHTER FUTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $17,610,034
Program Service Revenue $0
Investment Income $1,416,539
Other Revenue $3,598,218
TOTAL REVENUE $22,624,791

Expense Breakdown

Grants Paid $46,944
Salaries & Benefits $1,829,682
Fundraising Expenses $1,117,490
Program Expenses $13,712,093
Other Expenses $13,785,815
TOTAL EXPENSES $15,662,441

Year-over-Year Comparison

2024 2023 Change
Revenue $22,624,791 $22,655,550 0.0%
Expenses $15,662,441 $19,682,268 -0.2%
Net Income $6,962,350 $2,973,282 +1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
20
Volunteers
400

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$602,916
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRANDON GIBSON BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELLE BARNES SECRETARY 1.00
Officer Director
$0 $0 $0
DENINE TORR BOARD MEMBER 1.00
Director
$0 $0 $0
DEBORAH REED BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER COLQUITT BOARD MEMBER 1.00
Director
$0 $0 $0
NANCY DISHNER CHAIR 1.00
Officer Director
$0 $0 $0
NICOLE WATSON BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN JONES BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES NICHOLSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
JEFF BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM FRANKLIN BOARD MEMBER 1.00
Director
$0 $0 $0
JAKE BYNUM BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES WILDMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MATT GORNICK BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES POND PRESIDENT 37.50
Officer
$220,654 $52,717 $273,371
DEAN HOSKINS VICE PRESIDENT 37.50
Officer
$169,887 $35,592 $205,479
ANGEL BEBOUT CFO 37.50
Officer
$94,289 $29,777 $124,066
ABIGAIL SANDERSON DIRECTOR OF DEVELOPMENT 37.50
Highest
$104,784 $29,777 $134,561
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $22,624,791 $15,662,441 $26,456,237 $6,962,350
2024 No data No data No data No data
2023 $24,930,131 $23,200,310 $21,187,455 $1,729,821
2022 $14,676,458 $13,764,764 $14,335,895 $911,694
2021 $13,046,158 $12,298,051 $11,541,764 $748,107
2020 $8,741,381 $9,108,574 $8,518,378 $-367,193
2018 $8,572,196 $8,227,603 $7,930,614 $344,593
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