Bootstraps Foundation, Inc.
P.O. Box 159220
Nashville TN 37215-9220
bootstraps foundation
Mission Statement
The Bootstraps Foundation rewards perseverance with opportunity by awarding scholarships to deserving youth of Middle Tennessee.
Leadership
CEO/Executive Director Ed VanVoorhees
Board Chair Mr. Joe White
Board Chair Company Affiliation Novacopy
History & Background
Year of Incorporation 1986
Former Names
Bootstraps Awards
Organization's type of tax exempt status 501-C3
Financial Summary
 
 
Projected Expenses $61,000.00
Projected Annual Revenue $64,500.00 (2016)
Statements
Mission The Bootstraps Foundation rewards perseverance with opportunity by awarding scholarships to deserving youth of Middle Tennessee.
Background In 1986 Irby Simpkins, publisher of The Nashville Banner, and Ray Danner, chairman of Shoney’s Inc., conceived the idea of The Bootstraps Foundation, Inc. (then named The Bootstrap Awards) as a way to give college scholarships to deserving young people who had “pulled themselves up by their bootstraps” and still managed to continue and pursue their education. Both Shoney’s and The Nashville Banner pledged $10,000 each annually toward the scholarship fund, and in the first year five scholarships were awarded at the first banquet on May 1, 1987. Later that year in August, Bootstraps was incorporated as a 501(c)(3) non-for-profit corporation. From 1999 - 2001 the scholarship program was funded by a Shoney’s sponsored golf tournament and some small donations from Shoney’s employees and United Way. The program transitioned to the Kiwanis Club of Nashville in January 2002. Finally, in 2007, Bootstraps became a self-governing organization in an effort to begin a new chapter of growth for the organization.
Impact The Bootstraps Foundation exists to assist persevering young men and women across Middle Tennessee who have, despite severe obstacles and hardships in life, miraculously placed themselves in a position to attend college. They have encountered different personal hardships, and determining how to finance their further education is just one more. The objective of The Bootstraps Foundation is to give them a hand in this difficult task, and provide financial assistance to help them achieve their goals. The Bootstraps Foundation is determined to continuously increase the number of sponsorships granted each year. Since being founded in 1986, The Bootstraps Foundation has given over $1 million in scholarships. 
Needs Scholarship donations are welcome.  We award several scholarships of up to $20,000 and more deserving young people.  Donations of printing services, of professional time to create marketing materials, and of CPA services are welcome.
Other ways to donate, support, or volunteer Mail a check, contact Secretary for volunteer opportunities
Service Categories
Primary Organization Category Education / Scholarships & Student Financial Aid
Areas of Service
Areas Served
TN - Cheatham
TN - Davidson
TN - Robertson
TN - Rutherford
TN - Sumner
TN - Williamson
TN - Wilson
Candidates must reside in Davidson County, Tennessee or the surrounding counties.  A high school counselor or principal may nominate one graduating senior each year.
Board Chair Statement

Bootstraps Foundation for me is quite personal since I am able to look into the eye and shake the hand of those this organization helps at our annual Banquet each May. There exists only a few other charitable organizations where this interaction is true.

There is no gift that one can give another that is more valuable than giving of one’s time. The time I have invested in Bootstraps, however, has rewarded me much more than any recipient. Board members, volunteers, and scholars alike, have enriched my life in ways too numerous to mention.

Bootstraps provides life lessons for all as it awards scholarships to a few.

CEO Statement

Bootstraps Foundation for me is quite personal since I am able to look into the eye and shake the hand of those this organization helps at our annual Banquet each May. There exists only a few other charitable organizations where this interaction is true.

There is no gift that one can give another that is more valuable than giving of one’s time. The time I have invested in Bootstraps, however, has rewarded me much more than any recipient. Bootstrapers, Board members, volunteers and award recipients alike, have enriched my life in ways too numerous to mention.

Bootstraps provides life lessons for all as it awards scholarships to a few.

Programs
Description The Bootstraps Awards are given to students who have “pulled themselves up by their own bootstraps” and realized that education was vital to their success. They stayed focused on the goal of graduating with grades that would allow them to continue their education beyond high school. These students have encountered different personal hardships, and determining how to finance their further education is just one more. Our goal is to give them a hand in this difficult task, and provide financial assistance to help them achieve their goals. Each school in Davidson, Cheatham, Robertson, Rutherford, Sumner, Williamson and Wilson counties of Tennessee are sent nomination forms and applications. The Selection Committee of The Bootstraps Board selects the recipients by reviewing the applications and interviewing the candidates. The students are then notified and officially recognized at the annual banquet held in May.
Category Education Student Financial Aid
Population Served Youth/Adolescents only (14 - 19 years), ,
Description Each year The Bootstraps Foundation hosts its Annual Awards Banquet, which serves as a dual event. This is event that our scholarship recipients receive their awards and are publically praised for their dedication to their futures. The event also raises funds for our continued scholarship program. Tables are sold as part of a year’s sponsorship package or as individual tables and seats.
Category Youth Development Youth Development, General/Other
Population Served Youth/Adolescents only (14 - 19 years), ,
Board Chair
Board Chair Mr. Joe White
Company Affiliation Novacopy
Term Feb 2016 to Jan 2019
Email president@bootstraps.org
Board Members
NameAffiliationStatus
Mr Paul Burd The Burd Group at Raymond JamesVoting
Mrs. Rachel Hartline Community VolunteerVoting
Ms. Laney Heard Laney Heard, Attorney at LawNonVoting
Mr. Les Jackson The UPS StoreNonVoting
Mr. Andy Lee Self-EmployedVoting
Ms. Felicia Ranellucci 2011 ScholarVoting
Mr. Matt Shorter nocacopy
Mr. Jim Thein The UPS StoreNonVoting
Mr. Ed Van Voorhees CitruSolution of Middle TennesseeVoting
Mr. Chris Weinberg Nashville City ClubVoting
Mr. Joe White NovacopyVoting
Board Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 14
Hispanic/Latino 0
Native American/American Indian 0
Other 0
Board Demographics - Gender
Male 10
Female 4
Unspecified 0
Governance
Board Term Lengths 3
Board Term Limits 3
Board Meeting Attendance % 90%
Does the organization have written Board Selection Criteria? Under Development
Does the organization have a written Conflict of Interest Policy? Yes
Percentage of Board Members making Monetary Contributions 100%
Percentage of Board Members making In-Kind Contributions 100%
Does the Board include Client Representation? No
Number of Full Board Meetings Annually 8
Standing Committees
Development / Fund Development / Fund Raising / Grant Writing / Major Gifts
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Scholarship
CEO Comments Fundraising for a Board driven Foundation is always challenging.  We are blessed with generous Board members who are committed to giving and not bashful about seeking funds from other donors.  Bootstraps does have two or three private companies who donate either full scholarships or partial ones. As a small organization without much visibility, we have not pursued grants from large foundations.  Two small foundations make annual donations.
Executive Director/CEO
Executive Director Ed VanVoorhees
Term Start Oct 2008
Email secretary@bootstraps.org
Experience  The Bootstraps Foundation has no paid staff.
Staff
Full Time Staff 0
Part Time Staff 0
Volunteers 20
Contractors 0
Retention Rate 100%
Affiliations
AffiliationYear
Center for Nonprofit Management Excellence Network2008
 
 
Fiscal Year
Fiscal Year Start Jan 01 2016
Fiscal Year End Dec 31 2016
Projected Revenue $64,500.00
Projected Expenses $61,000.00
Endowment Spending Policy N/A
Endowment Spending Percentage (if selected) 0%
Detailed Financials
Expense Allocation
Fiscal Year201520142013
Program Expense$63,428$18,788$54,200
Administration Expense$11,065$7,638$3,967
Fundraising Expense$0$340$2,357
Payments to Affiliates$0$0$0
Total Revenue/Total Expenses0.711.691.95
Program Expense/Total Expenses85%70%85%
Fundraising Expense/Contributed Revenue0%1%3%
Assets and Liabilities
Fiscal Year201520142013
Total Assets$220,941$244,710$249,256
Current Assets$25,005$43,290$113,412
Long-Term Liabilities$0$0$0
Current Liabilities$44,867$68,387$111,360
Total Net Assets$176,074$176,323$137,896
Short Term Solvency
Fiscal Year201520142013
Current Ratio: Current Assets/Current Liabilities0.560.631.02
Long Term Solvency
Fiscal Year201520142013
Long-Term Liabilities/Total Assets0%0%0%
Top Funding Sources
Fiscal Year201520142013
Top Funding Source & Dollar AmountFundraising Events $42,920Fundraising Events $42,459Fundraising Events $53,654
Second Highest Funding Source & Dollar AmountInvestment Income $10,008Investment Income $2,785Investment Income $37,088
Third Highest Funding Source & Dollar Amount -- --Contributions, Gifts, and Grants $33,388
IRS Letter of Exemption
Capital Campaign
Is the organization currently conducting a Capital Campaign for an endowment or the purchase of a major asset? No
Capital Campaign Goal $0.00
Capital Campaign Anticipated in Next 5 Years? No
State Charitable Solicitations Permit
TN Charitable Solicitations Registration Yes - Expires June 2017
GivingMatters.com Financial Comments
Financial figures taken from 990 only. 990 prepared by Larry D. Burton, CPA.

The revenue on Pages 1 and 9 of the Form 990 do not reconcile. The total revenue listed is $52,928, but the revenue sources listed are fundraisers ($84,775) and investment income ($10,008), which total $94,783.
Comment provided by Elizabeth Madsen 9/9/16

Nonprofit Bootstraps Foundation, Inc.
Address P.O. Box 159220
Nashville, TN 37215 9220
Primary Phone (615) 414-8280
Contact Email info@bootstraps.org
CEO/Executive Director Ed VanVoorhees
Board Chair Mr. Joe White
Board Chair Company Affiliation Novacopy
Year of Incorporation 1986
Former Names
Bootstraps Awards