The Salvation Army Nashville Metropolitan Area Command
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Salvation Army IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $8,137,004.00 | $17,468,139.00 | |
| Total Expenses | $13,208,408.00 | $12,777,945.00 | |
| Revenue Less Expenses | ($-0.00) | ($5,071,404.00) | $4,690,194.00 |
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 | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $7,672,906.00 | $11,814,777.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $2,600.00 | $135,426.00 | |
| Investment Income, Net of Losses | $-1,500,315.00 | $3,662,207.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $247,600.00 | $230,419.00 | |
| Revenue In-Kind | $1,683,437.00 | $1,560,901.00 | |
| Other | $30,776.00 | $64,409.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $7,766,870.00 | $973,337.00 | |
| Administration Expense | $1,485,745.00 | $1,510,242.00 | |
| Fundraising Expense | $1,103,439.00 | $10,294,366.00 | |
| Total Revenue/Total Expenses | 79% | 137% | |
| Program Expense/Total Expenses | 75% | 8% | |
| Fundraising Expense/Contributed Revenue | 11% | 81% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $7,672,906.00 | Contributions, Gifts, Grants $11,814,777.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $1,683,437.00 | Interest Income $3,662,207.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $247,600.00 | Noncash Contributions $1,560,901.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $41,400,574.00 | $36,705,830.00 | |
| Current Assets | $3,343,206.00 | $2,036,433.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $898,298.00 | $893,748.00 | |
| Total Net Assets | $40,502,276.00 | $35,812,082.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$12,755,000.00
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
Exempt
Form 990s
No form 990s are available at this time
Audit Documents
CEO/Executive Director/Board Comments
| The Salvation Army has a history of being a good steward of the assets entrusted to it by the community and this year, we will build on that legacy. I believe our future financial situation looks bright. |
Foundation Staff Comments
| Financial figures taken from the audit. The Salvation Army does not file a 990. In 2019 and prior, foundation and corporation grants may be included in Individual Contributions sum, as these amount are not separatied. These years audits do not include Thrift Stores/Adult Rehabilitation Center. Please see the Finance Return section for a breakdown of expenses. Financials completed internally by the organization. After 2020, financials completed by Puryear & Noonan, CPAs. Comments provided by Hayley Sulfridge 8/8/23. |
