You Have the Power... Know How to Use It, Inc.
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$387,662.00
Projected Expenses
$387,662.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| You Have the Power... Know How to Use It, Inc. IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $391,846.00 | $509,635.00 | $426,039.00 |
| Total Expenses | $406,535.00 | $487,057.00 | $427,964.00 |
| Revenue Less Expenses | ($14,689.00) | $22,578.00 | ($1,925.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $155,000.00 | $105,000.00 | $105,000.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $69,297.00 | $193,675.00 | $0.00 |
| Contributions, Gifts, and Grants | $162,228.00 | $350,118.00 | $247,214.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $5,261.00 | $70,838.00 | $162,019.00 |
| Investment Income, Net of Losses | $60.00 | $4.00 | $281.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $16,525.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $336,697.00 | $401,773.00 | $328,861.00 |
| Administration Expense | $40,366.00 | $47,474.00 | $52,750.00 |
| Fundraising Expense | $29,472.00 | $37,810.00 | $46,353.00 |
| Total Revenue/Total Expenses | 96% | 105% | 100% |
| Program Expense/Total Expenses | 83% | 82% | 77% |
| Fundraising Expense/Contributed Revenue | 7% | 8% | 11% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $162,228.00 | Contributions, Gifts, and Grants $350,118.00 | Contributions, Gifts, and Grants $247,214.00 |
| Second Highest Funding Source & Dollar Amount | Foundation and Corporations $155,000.00 | Government Grants $193,675.00 | Program Revenue $162,019.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $69,297.00 | Foundations and Corporations $105,000.00 | Foundations and Corporations $105,000.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $149,335.00 | $164,006.00 | $141,385.00 |
| Current Assets | $145,250.00 | $157,244.00 | $133,773.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $353.00 | $337.00 | $293.00 |
| Total Net Assets | $148,982.00 | $163,669.00 | $141,092.00 |
Endowment Info
Do you have an endowment?
No
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
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The past 12 months have seen an increase in donations from the board and donors through well-managed events and the implementation of long-range goals. We received a Metro Grant to expand facilitator training of our Youth Impact Curriculum to Davidson County school personnel. |
Foundation Staff Comments
| Financial figures are taken from the 990 and audit. 990 was prepared by Mike Dodd, CPA. Audit prepared by Blankenship CPA Group, PLLC. In some years, Schedule B removed to protect donor privacy. Comments provided by Nicole Rose 11/20/2023. |
