Nashville Children's Theatre
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$2,565,243.00
Projected Expenses
$2,553,243.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| nashville children's theatre irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,434,892.00 | $2,857,628.00 | $1,904,694.00 |
| Total Expenses | $3,136,289.00 | $2,325,548.00 | $1,356,601.00 |
| Revenue Less Expenses | ($701,397.00) | $532,080.00 | $548,093.00 |
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 | $336,148.00 | $1,121,111.00 | $429,575.00 |
| Contributions, Gifts, and Grants | $485,225.00 | $559,069.00 | $327,643.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,344,092.00 | $862,230.00 | $274,625.00 |
| Investment Income, Net of Losses | $32,961.00 | $-56,910.00 | $86,636.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $42,130.00 | $39,529.00 | $77,811.00 |
| Revenue In-Kind | $194,336.00 | $228,423.00 | $120,000.00 |
| Other | $0.00 | $104,176.00 | $588,404.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,215,064.00 | $1,631,343.00 | $1,059,210.00 |
| Administration Expense | $363,638.00 | $442,754.00 | $163,661.00 |
| Fundraising Expense | $283,564.00 | $251,451.00 | $133,730.00 |
| Total Revenue/Total Expenses | 85% | 123% | 140% |
| Program Expense/Total Expenses | 77% | 70% | 78% |
| Fundraising Expense/Contributed Revenue | 10% | 11% | 10% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $1,344,092.00 | Government Grants $1,121,111.00 | Other Revenue $588,404.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $485,225.00 | Program Revenue $862,230.00 | Government Grants $429,575.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $336,148.00 | Contributions, Gifts, and Grants $559,069.00 | Contributions, Gifts, and Grants $327,643.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,604,449.00 | $4,204,596.00 | $3,623,501.00 |
| Current Assets | $986,521.00 | $3,884,592.00 | $799,383.00 |
| Long-Term Liabilities | $0.00 | $640,933.00 | $0.00 |
| Current Liabilities | $468,160.00 | $0.00 | $591,918.00 |
| Total Net Assets | $3,136,289.00 | $3,563,663.00 | $3,031,583.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$278,891.00
What is the spending policy for your endowment?
N/A
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
Under Extension
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| With aggressive funding raising and financial strategy, Nashville Children's Theatre saw a healthy surplus in its last financial audit. Revenue streams and expenses are being reviewed so that when government funding cuts back, the theatre can continue to remain on strong financial footing. The theatre is optimistic that the line of credit will be paid off soon. |
Foundation Staff Comments
| Financial figures taken from the audit. Financials prepared by Blankenship CPA Group, PLLC. Comments provided by Nicole Rose 03/25/2024. **Nashville Children's Theatre's endowment is housed at The Community Foundation of Middle Tennessee. |
