Tennessee Immigrant & Refugee Rights Coalition
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/13/2024
Projected Revenue
$4,127,452.00
Projected Expenses
$3,845,820.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| tennessee immigrant and refugee rights coalition irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $3,562,871.00 | $2,541,056.00 | $3,554,069.00 |
| Total Expenses | $2,856,176.00 | $2,462,825.00 | $2,590,683.00 |
| Revenue Less Expenses | $706,695.00 | $78,231.00 | $963,386.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $867,175.00 | $293,037.00 | $392,324.00 |
| Contributions, Gifts, and Grants | $2,605,454.00 | $2,062,347.00 | $2,883,402.00 |
| Indirect Public Support | $0.00 | $82,083.00 | $221,250.00 |
| Earned Revenue | $5,881.00 | $1,345.00 | $2,895.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $29,256.00 | $32,145.00 | $19,285.00 |
| Revenue In-Kind | $0.00 | $46,063.00 | $0.00 |
| Other | $55,105.00 | $24,036.00 | $34,913.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,967,096.00 | $1,714,444.00 | $2,266,832.00 |
| Administration Expense | $719,679.00 | $576,312.00 | $180,982.00 |
| Fundraising Expense | $169,401.00 | $172,069.00 | $142,869.00 |
| Total Revenue/Total Expenses | 125% | 103% | 137% |
| Program Expense/Total Expenses | 69% | 70% | 87% |
| Fundraising Expense/Contributed Revenue | 6% | 7% | 6% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,605,454.00 | Contributions, Gifts, and Grants $2,062,347.00 | Contributions, Gifts, and Grants $2,883,402.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $867,175.00 | Government Grants $293,037.00 | Government Grants $392,324.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $29,256.00 | Federated Campaigns $82,083.00 | Federated Campaigns $221,250.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $5,165,906.00 | $4,288,701.00 | $3,712,407.00 |
| Current Assets | $2,562,656.00 | $1,684,883.00 | $2,071,690.00 |
| Long-Term Liabilities | $317,884.00 | $500,000.00 | $0.00 |
| Current Liabilities | $2,562,656.00 | $42,813.00 | $44,750.00 |
| Total Net Assets | $4,564,133.00 | $3,745,888.00 | $3,667,657.00 |
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
| Part of TIRRC's mission is to build the capacity of other organizations and the immigrant rights movement, and as such we serve as the fiscal sponsor for several related organizations and events. In FY 2016, we are serving as the fiscal sponsor for the Southeast Immigrants Rights Network (SEIRN), the Cumberland Hispanic Festival, and the National Immigrant Integration Conference. Because these are all managed financially as different 'projects' of TIRRC by GAAP standards, this balance sheet includes revenues, expenses, and net assets for all three projects in addition to TIRRC's specific revenues, expenses, and net assets. All of this financial data is also included on our 990 in our annual external audit. Overall we are in strong financial health, and have now surpassed our pre-recession budget, after downsizing for several years. Slightly more than 75% of our income comes from diversified grant streams, and we have invested significantly in our non-fundraising over the past four years. As such we are on relatively firm financial foundation and are excited to continue our growth to meet the needs of the rapidly increasing immigrant and refugee community. |
Foundation Staff Comments
| Financial figures are taken from the 990. Corporate and Foundation grants may be included in Contributions, Gifts, and Grants sum, as these amounts were not separated in Form 990. Financial documents prepared by Blankenship CPA Group, PLLC. Comments provided by Hayley Sulfridge 2/14/24. |
