Communities In Schools of Tennessee
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$4,639,209.00
Projected Expenses
$4,639,209.00
Organizational Budgets and Other Documents
| FY24 Approved Budget | 2024 |
| FY23 Approved Budget | 2023 |
| FY22 Approved Budget | 2022 |
| FY21 Approved Budget | 2021 |
| FY20 Approved Budget | 2020 |
| FY 19 Approved Budget | 2019 |
| FY20 Approved Budget | 2019 |
| FY18 Approved Budget REVISED | 2018 |
| FY17 Approved Budget | 2017 |
| FY2015-2016 Approved Budget | 2016 |
IRS Letter of Exemption
| Communities In Schools of Tennessee IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $5,144,684.00 | $5,087,341.00 | $3,126,616.00 |
| Total Expenses | $4,068,947.00 | $4,604,811.00 | $3,515,583.00 |
| Revenue Less Expenses | $1,075,737.00 | $482,530.00 | ($388,967.00) |
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 | $3,000,000.00 | $0.00 | $576,461.00 |
| Contributions, Gifts, and Grants | $1,004,677.00 | $4,169,895.00 | $1,319,026.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $712,930.00 | $54,316.00 | $861,000.00 |
| Investment Income, Net of Losses | $276,422.00 | $0.00 | $11,144.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $62,728.00 | $0.00 | $0.00 |
| Revenue In-Kind | $80,927.00 | $33,180.00 | $0.00 |
| Other | $0.00 | $0.00 | $358,985.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,371,174.00 | $3,021,495.00 | $2,910,583.00 |
| Administration Expense | $514,704.00 | $518,742.00 | $496,305.00 |
| Fundraising Expense | $183,069.00 | $168,393.00 | $108,695.00 |
| Total Revenue/Total Expenses | 126% | 137% | 89% |
| Program Expense/Total Expenses | 83% | 81% | 83% |
| Fundraising Expense/Contributed Revenue | 4% | 5% | 3% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $3,000,000.00 | Contributions, Gifts, Grants $4,169,895.00 | Contributions, Gifts, and Grants $1,319,026.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $712,930.00 | Program Revenue $54,316.00 | Program Revenue $861,000.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $276,422.00 | Noncash Contributions $33,180.00 | Government Grants $576,461.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,691,272.00 | $4,616,670.00 | $3,260,614.00 |
| Current Assets | $1,696,906.00 | $4,614,748.00 | $3,228,179.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $10,724.00 | $11,859.00 | $34,514.00 |
| Total Net Assets | $5,680,548.00 | $4,604,811.00 | $3,226,100.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$2,500,000.00
What is the spending policy for your endowment?
Percentage
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
Solicitations Permit
Form 990s
Audit Documents
| 2023 Audit Report | 2023 |
| 2022 Audit Report | 2022 |
| 2021 Audit Report | 2021 |
| 2020 Audit Report | 2020 |
| 2019 Audit Report | 2019 |
| 2018 Audit Report | 2018 |
| 2018 Audit Report | 2018 |
| 2017 Audit Report | 2017 |
| 2016 Audit Report | 2016 |
| 2015 Audit Report | 2015 |
CEO/Executive Director/Board Comments
| In December 2021, CIS-TN received a large, unrestricted, non-recurring gift from national philanthropist Mackenzie Scott. With that money, we started an endowment fund. |
Foundation Staff Comments
| Financial information displayed is taken from the Audit, completed by Thomason Financial Resources, Inc. Comments provided by Hayley Sulfridge 1/5/24. |
