Men of Valor
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$4,774,675.00
Projected Expenses
$4,546,664.00
Organizational Budgets and Other Documents
| 2024 Men of Valor Budget | 2024 |
| Men of Valor Budget | 2023 |
| 2022 Men of Valor Budget | 2022 |
| 2021 Men of Valor Budget | 2021 |
| 2020 Men of Valor Budget | 2020 |
| 2019 Men of Valor Budget | 2019 |
| 2018 Men of Valor Budget | 2018 |
| 2017 Men of Valor Budget | 2017 |
| 2016 Men of Valor Budget | 2016 |
| men of valor 2014 budget | 2014 |
| men of valor 2013 budget | 2013 |
| men of valor 2012 budget | 2012 |
| men of valor 2011 budget | 2011 |
| men of valor 2009 budget | 2009 |
| men of valor 2008 budget | 2008 |
| men of valor 2007 budget | 2007 |
| men of valor 2006 budget | 2006 |
| men of valor 2005 budget | 2005 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $5,346,559.00 | $4,017,623.00 | |
| Total Expenses | $4,396,235.00 | $3,677,613.00 | |
| Revenue Less Expenses | ($-0.00) | $950,324.00 | $340,010.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $2,245,713.00 | $0.00 | |
| Contributions, Gifts, and Grants | $1,191,703.00 | $2,506,152.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $491,304.00 | $1,441,597.00 | |
| Investment Income, Net of Losses | $511.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $1,417,328.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $69,874.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,856,432.00 | $2,420,479.00 | |
| Administration Expense | $1,023,265.00 | $807,829.00 | |
| Fundraising Expense | $516,538.00 | $449,305.00 | |
| Total Revenue/Total Expenses | 122% | 109% | |
| Program Expense/Total Expenses | 65% | 66% | |
| Fundraising Expense/Contributed Revenue | 12% | 12% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $2,245,713.00 | Contributions, Gifts, Grants $2,506,152.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $1,417,328.00 | Program Revenue $1,441,597.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,191,703.00 | Noncash Contributions $69,874.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $14,067,598.00 | $11,710,058.00 | |
| Current Assets | $2,649,537.00 | $2,830,233.00 | |
| Long-Term Liabilities | $1,735,627.00 | $931,679.00 | |
| Current Liabilities | $2,998,516.00 | $2,395,161.00 | |
| Total Net Assets | $99,333,455.00 | $8,383,218.00 |
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?
Yes
What is the campaign goal?
$25,000,000.00
What is the purpose of the capital campaign?
Men of Valor has completed 4 duplexes and 8 townhomes, totaling 93 beds for men coming out of prison.
Men of Valor is building a Ministry Center on its Valor Ridge campus in Antioch, The building will replace nine portables and have spaces for job training, classrooms, music rooms, a recreation center, conference rooms, offices, and a large meeting area.
Campaign Start
September 2015
Campaign End
December 2025
Campaign Raised to Date Month
February
Campaign Raised to Date Year
2024
Campaign Raised to Date Amount
$12,220,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 990 | 2022 |
| 2021 990 | 2021 |
| Men of Valor 2020 990 | 2020 |
| Men of Valor 990 2019 | 2019 |
| Men of Valor 990 2018 | 2018 |
| Men of Valor 990 2017 | 2017 |
| men of valor 990 2016 | 2016 |
| 2015 990 | 2015 |
| 990 MOV 2014 | 2014 |
| Men of Valor 2013 Form 990 | 2013 |
| Men of Valor 2012 Form 990 | 2012 |
| Men of Valor 2011 Form 990 | 2011 |
| Men of Valor 2010 Form 990 | 2010 |
| Men of Valor 2009 Form 990 | 2009 |
| men of valor 2008 990 | 2008 |
| men of valor 2007 990 | 2007 |
| men of valor 2006 990 | 2006 |
| men of valor 2005 990 | 2005 |
| men of valor 2004 990 | 2004 |
Audit Documents
| Audit | 2022 |
| 2021 Audit | 2021 |
| Men of Valor 2020 Audit | 2020 |
| Men of Valor Audit 2019 | 2019 |
| Men of Valor Audit 2018 | 2018 |
| Men of Valor Audit 2017 | 2017 |
| Men of Valor Audit 2016 | 2016 |
| 2015 MOV Audit | 2015 |
| 2014 MOV Audit | 2014 |
| Men of Valor 2013 Audit | 2013 |
| Men of Valor 2012 Audit | 2012 |
| Men of Valor 2011 Audit | 2011 |
| Men of Valor 2010 Audit | 2010 |
| men of valor 2009 audit | 2009 |
| men of valor 2008 audit | 2008 |
| men of valor 2007 audit | 2007 |
| men of valor 2006 audit | 2006 |
| men of valor 2005 audit | 2005 |
| men of valor 2004 audit | 2004 |
CEO/Executive Director/Board Comments
| Men of Valor has over 450+ individual donors, foundations, and churches who support this ministry. Among them are: Jack Wallace, John Grayken, Bill Lee, Lee Beaman, Louie Buntin, Bill Freeman, Jimmy Webb, Kirby Davis, Sam Bartholomew, Cal Turner, C.R. Clements III, Jack Hooper, Paul Stumb, Joanne Pulles, William Turner, Rear Admiral USN, Ret. Jerry Breast, John and Carole Ferguson, Ben Sensing, Meredith Flautt Jr., AWC Foundation, Baptist Healing Trust, Ramsey Family Foundation, Stratton Foster Foundation, HCA Foundation, The Memorial Foundation, Dan and Margaret Maddox Charitable Fund, Phillips Foundation, and Washington Foundation.. |
Foundation Staff Comments
| Financial figures are taken from the Audit, which includes financial details from both Knoxville and Nashville locations combined. Budget details entered in Current Fiscal Year information are for Nashville location only. Financial documents completed by UHY Advisors MO, Inc. Comments provided by Hayley Sulfridge 8/24/23. |
