Land Trust for Tennessee
Fiscal Year
Fiscal Year Start
04/01/2023
Fiscal Year End
03/31/2024
Projected Revenue
$2,565,000.00
Projected Expenses
$2,520,000.00
Organizational Budgets and Other Documents
| FY24 Budget | 2024 |
| FY23 Budget | 2023 |
| FY22 Budget | 2022 |
| FY21 Budget | 2021 |
| FY20 Budget | 2020 |
| FY19 Budget | 2019 |
| FY18 Budget | 2018 |
| FY17 Budget | 2017 |
| FY16 Budget | 2016 |
| FY15 Budget | 2015 |
| Land Trust for Tennessee 2014 Budget | 2014 |
| Land Trust for Tennessee 2013 Budget | 2013 |
| land trust for tennessee 2010 budget | 2010 |
| land trust for tennessee 2009 budget | 2009 |
| land trust for tennessee 2008 budget | 2008 |
| land trust for tennessee 2007 budget | 2007 |
| land trust for tennessee 2006 budget | 2006 |
IRS Letter of Exemption
| land trust for tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,398,485.00 | $4,129,324.00 | $2,424,163.00 |
| Total Expenses | $2,531,782.00 | $2,864,979.00 | $2,141,360.00 |
| Revenue Less Expenses | ($133,297.00) | $1,264,345.00 | $282,803.00 |
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 | $0.00 | $249,312.00 | $249,300.00 |
| Contributions, Gifts, and Grants | $1,600,163.00 | $3,271,309.00 | $1,703,165.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $25,048.00 | $-201,621.00 | $-1,215.00 |
| Investment Income, Net of Losses | $53,494.00 | $418,503.00 | $142,872.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $346,154.00 | $244,913.00 | $246,541.00 |
| Revenue In-Kind | $175,000.00 | $93,701.00 | $83,500.00 |
| Other | $198,626.00 | $53,207.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,610,462.00 | $2,103,629.00 | $1,712,550.00 |
| Administration Expense | $501,907.00 | $420,512.00 | $182,644.00 |
| Fundraising Expense | $419,413.00 | $341,198.00 | $246,166.00 |
| Total Revenue/Total Expenses | 95% | 144% | 113% |
| Program Expense/Total Expenses | 64% | 73% | 80% |
| Fundraising Expense/Contributed Revenue | 17% | 12% | 11% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,600,163.00 | Contributions, Gifts, Grants $3,271,309.00 | Contributions, Gifts, and Grants $1,703,165.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $346,154.00 | Investment Income $418,503.00 | Government Grants $249,300.00 |
| Third Highest Funding Source & Dollar Amount | Other Revenue $198,626.00 | Fundraising Events $244,913.00 | Fundraising Events $246,541.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $23,332,971.00 | $24,045,092.00 | $23,375,930.00 |
| Current Assets | $5,171,654.00 | $5,590,573.00 | $4,109,787.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $249,312.00 |
| Current Liabilities | $220,758.00 | $270,525.00 | $292,887.00 |
| Total Net Assets | $23,112,213.00 | $23,774,567.00 | $22,833,731.00 |
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?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
September
Permit Expiration Year
2024
Solicitations Permit
The Land Trust for Tennessee Charitable Solicitations Permit 2023-24
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from Form 990. Financials prepared by Kraft CPAs, PLLC. Comments provided by Hayley Sulfridge 12/22/23. |
