Big Brothers Big Sisters of Middle Tennessee
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$4,223,972.88
Projected Expenses
$4,557,278.36
Organizational Budgets and Other Documents
IRS Letter of Exemption
| big brothers big sisters of middle tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $4,312,006.00 | $7,647,384.00 | $4,103,714.00 |
| Total Expenses | $4,657,249.00 | $4,247,927.00 | $3,336,350.00 |
| Revenue Less Expenses | ($345,243.00) | $3,399,457.00 | $767,364.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| 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 | $2,151,919.00 | $2,606,569.00 | $2,441,192.00 |
| Contributions, Gifts, and Grants | $1,036,018.00 | $4,146,905.00 | $699,232.00 |
| Indirect Public Support | $114,459.00 | $111,881.00 | $117,529.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $90,434.00 | $2,911.00 | $236.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $846,694.00 | $730,888.00 | $748,771.00 |
| Revenue In-Kind | $48,272.00 | $47,341.00 | $96,659.00 |
| Other | $24,210.00 | $889.00 | $95.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,309,902.00 | $3,080,575.00 | $361,405.00 |
| Administration Expense | $871,495.00 | $785,286.00 | $585,497.00 |
| Fundraising Expense | $475,852.00 | $382,066.00 | $2,389,448.00 |
| Total Revenue/Total Expenses | 93% | 180% | 123% |
| Program Expense/Total Expenses | 71% | 73% | 11% |
| Fundraising Expense/Contributed Revenue | 10% | 9% | 72% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $2,151,919.00 | Contributions, Gifts, Grants $4,146,905.00 | Government Grants $2,441,192.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,036,018.00 | Government Grants $2,606,569.00 | Fundraising Events $748,771.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $846,694.00 | Fundraising Events $730,888.00 | Contributions, Gifts, and Grants $699,232.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,869,403.00 | $6,116,163.00 | $3,067,915.00 |
| Current Assets | $4,063,071.00 | $4,356,098.00 | $1,379,324.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $361,892.00 |
| Current Liabilities | $232,867.00 | $134,384.00 | $123,701.00 |
| Total Net Assets | $5,636,536.00 | $5,981,779.00 | $2,582,322.00 |
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
December
Permit Expiration Year
2024
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Note: the agency shifted its fiscal year in 2020, resulting in a "stub" year of Jan-June 2020 prior to beginning the new fiscal year (July 2020-June 2021). |
Foundation Staff Comments
| Financial figures taken from the 990. Financial documents prepared by Blankenship CPA Group, PLLC. Comment provided by Hayley Sulfridge 2/7/24. |
