Friends of Shelby Park, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$523,540.00
Projected Expenses
$523,740.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Friends of Shelby Park IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $368,098.00 | $271,071.00 | $150,193.00 |
| Total Expenses | $237,877.00 | $196,296.00 | $122,214.00 |
| Revenue Less Expenses | $130,221.00 | $74,775.00 | $27,979.00 |
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 | $21,534.00 | $0.00 |
| Contributions, Gifts, and Grants | $178,018.00 | $160,006.00 | $144,431.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $165.00 | $0.00 | $0.00 |
| Membership Dues | $44,352.00 | $9,378.00 | $0.00 |
| Special Events | $145,563.00 | $80,153.00 | $5,762.00 |
| 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 | $189,297.00 | $122,602.00 | $29,109.00 |
| Administration Expense | $25,453.00 | $56,720.00 | $93,105.00 |
| Fundraising Expense | $23,127.00 | $16,974.00 | $0.00 |
| Total Revenue/Total Expenses | 155% | 138% | 123% |
| Program Expense/Total Expenses | 80% | 62% | 24% |
| Fundraising Expense/Contributed Revenue | 10% | 9% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $178,018.00 | Contributions, Gifts, Grants $160,006.00 | Contributions, Gifts and Grants $144,431.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $145,563.00 | Fundraising Events $80,153.00 | Fundraising Events $5,762.00 |
| Third Highest Funding Source & Dollar Amount | Membership Dues $44,352.00 | Government Grants $21,534.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $420,957.00 | $289,378.00 | $225,370.00 |
| Current Assets | $416,208.00 | $289,378.00 | $225,370.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $1,358.00 | $0.00 | $10,767.00 |
| Total Net Assets | $419,599.00 | $289,378.00 | $214,603.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$10,000,000.00
What is the purpose of the capital campaign?
Friends of Shelby Park and Bottoms and the Arts & Business Council of Greater Nashville have partnered in a unique collaborative campaign to revitalize the U.S. Naval Reserve Training Center, a historic community asset located on the western entrance to Shelby Park and Bottoms, and to reimagine it as Shelby Commons, a new parks, arts, and cultural center for all of Nashville to experience.
Campaign Start
January 2023
Campaign End
December 2026
Campaign Raised to Date Month
January
Campaign Raised to Date Year
2024
Campaign Raised to Date Amount
$30,000,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
No audit documents are available at this time
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared internally by the nonprofit. Comments provided by Hayley Sulfridge 5/19/23. |
