Cumberland Region Tomorrow
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$102,700.00
Projected Expenses
$159,350.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| cumberland region tomorrow irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $70,999.00 | $75,030.00 | $46,080.00 |
| Total Expenses | $105,918.00 | $100,254.00 | $84,450.00 |
| Revenue Less Expenses | ($34,919.00) | ($25,224.00) | ($38,370.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $12,000.00 | $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 | $12,500.00 | $5,949.00 | $0.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $716.00 | $0.00 | $0.00 |
| Membership Dues | $520.00 | $0.00 | $7,645.00 |
| Special Events | $57,263.00 | $57,081.00 | $38,435.00 |
| 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 | $105,918.00 | $100,254.00 | $84,450.00 |
| Administration Expense | $0.00 | $0.00 | $0.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 67% | 75% | 55% |
| Program Expense/Total Expenses | 100% | 100% | 100% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Fundraising Events $57,263.00 | Fundraising Events $57,081.00 | Fundraising Events $38,435.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $12,500.00 | Foundation and Corporations $12,000.00 | Membership Dues $7,645.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $716.00 | Contributions, Gifts, Grants $5,949.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $134,050.00 | $173,795.00 | $205,987.00 |
| Current Assets | $134,050.00 | $173,795.00 | $205,987.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $-1,515.00 | $6,157.00 | $13,125.00 |
| Total Net Assets | $135,565.00 | $167,638.00 | $192,862.00 |
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
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Cumberland Region Tomorrow operates in a sound, responsible manner. We balance effective organization operations with our provision of services in all financial management activities. We enjoy active leadership from our Treasurer and Vice-Chair in financial management and operational activities, which brings much integrity to CRT's organizational processes. |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared internally by Jeff Smith, CFO, LLC. Comments provided by Hayley Sulfridge 8/15/23. |
