SB Initiative Inc
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.
Key facts about SB Initiative Inc
In short: SB Initiative Inc gave $1.0M across 1 grant in 2025 (avg $1.0M), mostly in Tennessee. Source: 2025 IRS Form 990.
- EIN
- 99-3175705
- Latest 990 filing
- Form 990, 2025
- Annual giving (2025)
- $1,000,000
- Grants made (2025)
- 1
- Average grant
- $1,000,000
- Median grant
- $1,000,000
- Total assets
- $1,223,743
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$1.2M
+2264.8% YoY
Annual Giving
$1.0M
Grant Count
1
Avg Grant Size
$1.0M
About SB Initiative Inc
Based on IRS filings
SB Initiative Inc is a public charity focused on Arts, Culture & Humanities, based in Nashville, TN. IRS filing data is available from 2024 through 2025. As of 2025, the organization holds $1.2M in total assets. In 2025, it awarded 1 grant totaling $1.0M. Net investment income was $4K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 1 grant totaling $1.0M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Friends of Warner Parks ($1.0M).
Grant Size Distribution
1 grants across all recorded years
The most common grant size was in the $1–5M range: 1 grant of 1 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Friends of Warner Parks Nashville, TN | General Donation | $1,000,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 |
|---|---|---|
| Total Assets | $1,223,743 | $51,749 |
| Revenue | $1,609,964 | $66,300 |
| Expenses | $1,605,003 | $32,769 |
| Net Investment Income | $4,432 | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS July 15, 2026)
Leadership & Key People
Officers and directors from IRS filings
SB Initiative Inc is led by Elizabeth Nichols, President since 2025 (on filings since 2024); none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Elizabeth Nichols
President
President & Board Co-Chair → President, 2025
On filings since 2024
30 hrs/week
No compensation reported
Kathryn Brown
President
President & Board Co-Chair → President, 2025
On filings since 2024
30 hrs/week
No compensation reported
Beth Alexander
Director
On filings since 2024
1 hr/week
No compensation reported
Jean Bottorff
Director
On filings since 2024
1 hr/week
No compensation reported
Jennie McCabe
Director
On filings since 2024
1 hr/week
No compensation reported
Julie Stadler
Director
On filings since 2024
1 hr/week
No compensation reported
Karyn Frist
Director
On filings since 2024
1 hr/week
No compensation reported
Laurel Buntin
Director
On filings since 2024
1 hr/week
No compensation reported
Peggy Kinnard
Director
On filings since 2024
1 hr/week
No compensation reported
Sissy Wilson
Director
On filings since 2024
1 hr/week
No compensation reported
Jana Davis
Director
New on the 2025 filing
1 hr/week
No compensation reported
Julie Walker
Treasurer
On filings since 2024
10 hrs/week
No compensation reported
Kathleen Estes
Secretary
On filings since 2024
3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2024–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about SB Initiative Inc
How much does SB Initiative Inc give each year?
SB Initiative Inc gave $1.0M across 1 grant in 2025, according to its 2025 IRS Form 990.
How large is SB Initiative Inc?
SB Initiative Inc reported $1.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.6M.
What is SB Initiative Inc?
SB Initiative Inc is a public charity focused on Arts, Culture & Humanities, based in Nashville, TN. It holds $1.2M in total assets as of 2025.
Where does SB Initiative Inc operate?
SB Initiative Inc has awarded grants in Tennessee.
What is SB Initiative Inc's EIN?
SB Initiative Inc's EIN (Employer Identification Number) is 99-3175705. IRS Form 990 filing data is available on this page for 2024–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching SB Initiative Inc by hand.
Explore Open Grants
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SB Initiative Inc down — hundreds of funders to go?