Tennessee Trucking Foundation Inc.
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$624,000.00
Projected Expenses
$597,551.03
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Tennessee Trucking Foundation IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $529,134.00 | $732,209.00 | $452,836.00 |
| Total Expenses | $4,589,780.00 | $369,212.00 | $290,979.00 |
| Revenue Less Expenses | ($4,060,646.00) | $362,997.00 | $161,857.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $59,120.00 | $265,448.00 | $152,362.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $24,246.00 | $44,311.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $80,380.00 | $61,013.00 | $97,486.00 |
| Contributions, Gifts, and Grants | $153,507.00 | $112,337.00 | $53,938.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $528.00 | $52,263.00 | $10,917.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $207,213.00 | $196,837.00 | $138,133.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $4,140.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $273,422.00 | $158,006.00 | $120,295.00 |
| Administration Expense | $92,449.00 | $132,210.00 | $80,621.00 |
| Fundraising Expense | $93,099.00 | $78,996.00 | $90,063.00 |
| Total Revenue/Total Expenses | 115% | 198% | 156% |
| Program Expense/Total Expenses | 60% | 43% | 41% |
| Fundraising Expense/Contributed Revenue | 20% | 21% | 31% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Fundraising Events $207,213.00 | Foundations and Corporations $265,448.00 | Foundations and Corporations $152,362.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $153,507.00 | Fundraising Events $196,837.00 | Fundraising Events $138,133.00 |
| Third Highest Funding Source & Dollar Amount | Foundation and Corporations $59,120.00 | Contributions, Gifts, and Grants $112,337.00 | Government Grants $97,486.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,032,521.00 | $1,161,521.00 | $677,893.00 |
| Current Assets | $120,946.00 | $414,548.00 | $264,990.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $3,300.00 | $62,246.00 | $2,505.00 |
| Total Net Assets | $1,029,221.00 | $1,099,275.00 | $675,388.00 |
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 the 990. In some years, schedule B removed to protect donor privacy. 990 prepared by Bellenfant PLLC. Comments provided by Nicole Rose 10/31/2023. |
