Room in the Inn
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$4,332,192.00
Projected Expenses
$4,217,596.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Room in the Inn, inc. IRS letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $5,951,057.00 | $5,447,560.00 | |
| Total Expenses | $4,570,322.00 | $4,420,887.00 | |
| Revenue Less Expenses | ($-0.00) | $1,380,735.00 | $1,026,673.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $425,000.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $4,207,131.00 | $3,486,875.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $-41,001.00 | $547,232.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $690,953.00 | $753,937.00 | |
| Other | $1,093,974.00 | $234,516.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,873,539.00 | $3,688,280.00 | |
| Administration Expense | $696,783.00 | $732,607.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 130% | 123% | |
| Program Expense/Total Expenses | 85% | 83% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $4,207,131.00 | Contributions, Gifts, and Grants $3,486,875.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Other Revenue $1,093,974.00 | Noncash Contributions $753,937.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $690,953.00 | Investment Income $547,232.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $20,253,953.00 | $17,866,787.00 | |
| Current Assets | $4,445,439.00 | $3,615,490.00 | |
| Long-Term Liabilities | $4,178,276.00 | $3,272,433.00 | |
| Current Liabilities | $1,019,516.00 | $918,928.00 | |
| Total Net Assets | $15,056,161.00 | $13,675,426.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$0.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Solicitations Permit
Form 990s
No form 990s are available at this time
Audit Documents
Foundation Staff Comments
| Room in the Inn, inc. is a religious organization and is exempt from the requirement to file an IRS Form 990. Financial Figures are taken from the audit. Government grants may be included in 'Foundation and Corporation' revenues, as grant sources are not listed separately in audit. Room in the Inn, inc. has an endowment held at The Community Foundation of Middle Tennessee. Comments provided by Nicole Rose 02/13/2023. |
