Project Transformation Tennessee Inc
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,356,516.00
Projected Expenses
$1,335,501.00
Organizational Budgets and Other Documents
| 2023 Operating Budget | 2023 |
| 2022 Operating Budget | 2022 |
| 2021 Operating Budget | 2021 |
| 2020 Operating Budget | 2020 |
| Operating Budget | 2019 |
IRS Letter of Exemption
| Project Transformation Tennessee IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $882,264.00 | $947,715.00 | $1,139,967.00 |
| Total Expenses | $1,047,754.00 | $823,422.00 | $817,858.00 |
| Revenue Less Expenses | ($165,490.00) | $124,293.00 | $322,109.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $380,734.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $15,000.00 | $0.00 | $0.00 |
| Government - Unspecified | $7,905.00 | $37,726.00 | $273,964.00 |
| Contributions, Gifts, and Grants | $386,204.00 | $857,953.00 | $786,568.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $4,500.00 | $4,138.00 | $436.00 |
| Investment Income, Net of Losses | $12,222.00 | $1,861.00 | $1,467.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $11,753.00 | $0.00 | $0.00 |
| Revenue In-Kind | $63,946.00 | $46,037.00 | $77,532.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $734,273.00 | $612,336.00 | $561,301.00 |
| Administration Expense | $182,929.00 | $135,149.00 | $133,455.00 |
| Fundraising Expense | $130,552.00 | $75,937.00 | $123,102.00 |
| Total Revenue/Total Expenses | 84% | 115% | 139% |
| Program Expense/Total Expenses | 70% | 74% | 69% |
| Fundraising Expense/Contributed Revenue | 12% | 9% | 15% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $386,204.00 | Contributions, Gifts, and Grants $857,953.00 | Contributions, Gifts and Grants $786,568.00 |
| Second Highest Funding Source & Dollar Amount | Foundation and Corporations $380,734.00 | Noncash Contributions $46,037.00 | Government Grants $273,964.00 |
| Third Highest Funding Source & Dollar Amount | Noncash Contributions $63,946.00 | Government Grants $37,726.00 | Noncash Contributions $77,532.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,147,669.00 | $1,300,517.00 | $1,175,097.00 |
| Current Assets | $1,131,231.00 | $1,073,423.00 | $1,164,529.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $26,697.00 | $14,055.00 | $12,928.00 |
| Total Net Assets | $1,120,972.00 | $1,286,462.00 | $1,162,169.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from Form 990. In 2022, Schedule B removed to protect donor privacy. In some years, foundation and corporate grants may be included in Contributions, Gifts and Grants sum, as these amounts are separated in Form 990. 990 was prepared by Grannis & Associates, PC. Comments provided by Nicole Rose 08/15/2023. |
