Nurture the Next (formerly Prevent Child Abuse Tennessee)
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$6,584,917.00
Projected Expenses
$6,339,264.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| prevent child abuse tennessee 501c3 | 2020 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $7,232,579.00 | $6,067,712.00 | $5,248,592.00 |
| Total Expenses | $6,214,197.00 | $5,834,547.00 | $5,099,259.00 |
| Revenue Less Expenses | $1,018,382.00 | $233,165.00 | $149,333.00 |
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 | $6,424,871.00 | $5,405,417.00 | $4,453,222.00 |
| Contributions, Gifts, and Grants | $568,226.00 | $499,539.00 | $678,660.00 |
| Indirect Public Support | $0.00 | $0.00 | $21,036.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $9,960.00 | $57.00 | $2,116.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $184,093.00 | $118,248.00 | $6,080.00 |
| Revenue In-Kind | $40,284.00 | $17,871.00 | $56,824.00 |
| Other | $5,145.00 | $26,580.00 | $30,654.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,513,393.00 | $5,276,112.00 | $4,549,590.00 |
| Administration Expense | $417,230.00 | $318,003.00 | $276,690.00 |
| Fundraising Expense | $283,574.00 | $240,432.00 | $272,979.00 |
| Total Revenue/Total Expenses | 116% | 104% | 103% |
| Program Expense/Total Expenses | 89% | 90% | 89% |
| Fundraising Expense/Contributed Revenue | 5% | 4% | 5% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $6,424,871.00 | Government Grants $5,405,417.00 | Government Grants $4,453,222.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $568,226.00 | Contributions, Gifts, Grants $499,539.00 | Contributions, Gifts, Grants $678,660.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $184,093.00 | Fundraising Events $118,248.00 | Noncash Contributions $56,824.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,090,835.00 | $2,508,804.00 | $2,195,135.00 |
| Current Assets | $3,502,062.00 | $2,508,804.00 | $2,193,887.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $1,240,550.00 | $676,900.00 | $596,396.00 |
| Total Net Assets | $2,850,285.00 | $1,831,904.00 | $1,598,739.00 |
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
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| In 2021, after five years of strategic advocacy with the Tennessee state legislature and the Governor's administration to increase support for prevention, the state moved part of its extraordinary surplus of federal Temporary Assistance for Needy Families (TANF) funding to the Department of Health. The money is being used to ensure access for vulnerable families to evidence-based home visiting programs in all 95 counties. The funding has allowed Nurture the Next to expand our programs into five new counties. Starting in 2022, Nurture the Next experienced an increase in both state and private funding in part because of American Rescue Plan Act (ARPA) dollars and a return to in-person fundraising. This revenue has allowed us to: expand our Parent Leadership program statewide, to re-launch our program, Nurturing Parenting, with rural counties being targeted for services, and continue to invest in language translation of our home visiting curricula as well as in-person interpretation for parents who don't speak English. The greatest opportunity and challenge at Nurture the Next moving forward is the need to build operating and staffing capacities internally while simultaneously taking public awareness of our mission and programs to a much higher level of engagement over the next three years. Strengthening our operations, development, human resources, program management, training, and communications is vital for internal growth, which directly influences our external success with stakeholders and supporters. Robust implementation, accountability, and fidelity to our new 2023-2026 strategic plan will dictate our success in becoming the state's voice for prevention and resiliency in vulnerable families. Please note: Our FY 2022-2023 budget includes a one-time Employee Retention Tax Credit (ERTC) that we were awarded as part of federal pandemic relief funding. As CEO, I want to assure our stakeholders that we've prudently set aside the ERTC funds we received by investing them in treasuries. We've taken this step out of an abundance of caution, as we believe it's our responsibility to ensure that we can readily address any issues that may arise from a potential audit, even though we do not believe we are out of compliance with the ERTC program. This approach underscores our commitment to financial responsibility and our dedication to safeguarding the interests of our organization and its mission. |
Foundation Staff Comments
| Financial figures taken from 990. Foundation and corporate grants may be included in Contributions Grants and Gifts sum, as these amounts are not separated in Form 990. Financial documents completed by LBMC, PC. Comments provided by Nicole Rose 02/14/2024. |
