Beacon Center of Tennessee
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$2,400,783.00
Projected Expenses
$2,185,457.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Beacon Center of TN IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $2,131,822.00 | $2,365,585.00 | $2,431,645.00 |
| Total Expenses | $1,967,965.00 | $1,748,879.00 | $153,536.00 |
| Revenue Less Expenses | $163,857.00 | $616,706.00 | $2,278,109.00 |
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 | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $2,003,047.00 | $2,025,504.00 | $1,552,070.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $6,645.00 | $1,305.00 | $1,126.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $122,130.00 | $338,776.00 | $878,449.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,557,962.00 | $1,331,718.00 | $1,143,427.00 |
| Administration Expense | $114,195.00 | $117,235.00 | $119,160.00 |
| Fundraising Expense | $295,808.00 | $299,926.00 | $272,449.00 |
| Total Revenue/Total Expenses | 108% | 135% | 158% |
| Program Expense/Total Expenses | 79% | 76% | 74% |
| Fundraising Expense/Contributed Revenue | 15% | 17% | 18% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,003,047.00 | Contributions, Gifts, Grants $2,025,504.00 | Contributions, Gifts, and Grants $1,552,070.00 |
| Second Highest Funding Source & Dollar Amount | Other Revenue $122,130.00 | Other Income $338,776.00 | Other Revenue $878,449.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $6,645.00 | Interest Income $1,305.00 | Investment Income $1,126.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,251,592.00 | $2,014,129.00 | $1,400,077.00 |
| Current Assets | $2,161,224.00 | $1,977,382.00 | $1,386,749.00 |
| Long-Term Liabilities | $32,407.00 | $0.00 | $0.00 |
| Current Liabilities | $47,500.00 | $6,301.00 | $8,955.00 |
| Total Net Assets | $2,171,685.00 | $2,007,828.00 | $1,391,122.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2022 Beacon Center 990 | 2022 |
| 2021 Beacon Center 990 | 2021 |
| Beacon Center 990 | 2020 |
| Beacon Center 2019 IRS Form 990 | 2019 |
| Beacon 990 2018 | 2018 |
| Beacon 990 2017 | 2017 |
| Beacon 990 2016 | 2016 |
| Beacon 990 - 2015 | 2015 |
| Beacon 990 2014 | 2014 |
| Beacon Form 990 | 2013 |
| Beacon Form 990 | 2012 |
| tennessee center for policy research 2007 990 | 2007 |
| tennessee center for policy research 2006 990 | 2006 |
Audit Documents
Foundation Staff Comments
| In 2014, the Tennessee Center for Policy Research became the Beacon Center of Tennessee. IRS Letter of Determination reflecting this name change can be viewed on the Financials page of this profile. Financial figures taken from the 990. 990 completed by UHY Advisors MO, Inc. Comment provided by Hayley Sulfridge 9/5/23. |
