Junior Achievement of Middle Tennessee
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$2,309,305.00
Projected Expenses
$2,252,513.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,528,982.00 | $1,440,408.00 | |
| Total Expenses | $1,658,814.00 | $1,337,391.00 | |
| Revenue Less Expenses | ($-0.00) | ($129,832.00) | $103,017.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $387,122.00 | $335,200.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $140,795.00 | $170,500.00 | |
| Contributions, Gifts, and Grants | $423,647.00 | $485,239.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $165,840.00 | $45,330.00 | |
| Investment Income, Net of Losses | $24,248.00 | $5,564.00 | |
| Membership Dues | $0.00 | $9,250.00 | |
| Special Events | $337,967.00 | $348,210.00 | |
| Revenue In-Kind | $42,849.00 | $39,997.00 | |
| Other | $9,514.00 | $1,118.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,270,562.00 | $1,018,660.00 | |
| Administration Expense | $213,080.00 | $162,600.00 | |
| Fundraising Expense | $175,172.00 | $156,131.00 | |
| Total Revenue/Total Expenses | 92% | 108% | |
| Program Expense/Total Expenses | 77% | 76% | |
| Fundraising Expense/Contributed Revenue | 11% | 12% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, Grants $423,647.00 | Contributions, Gifts, and Grants $485,239.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Foundation and Corporations $387,122.00 | Fundraising Events $348,210.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $337,967.00 | Foundations and Corporations $335,200.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,230,603.00 | $3,594,270.00 | |
| Current Assets | $1,720,785.00 | $1,896,781.00 | |
| Long-Term Liabilities | $60,632.00 | $196,238.00 | |
| Current Liabilities | $96,731.00 | $194,960.00 | |
| Total Net Assets | $3,073,240.00 | $3,203,072.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$2,164,201.00
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?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the 990. Financial documents were prepared by Edmondson, Betzler and Montgomery CPA's, PLLC. Comments provided by Hayley Sulfridge 11/15/22. |
