Tennessee World Affairs Council
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| tennessee world affairs council irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $52,564.00 | $32,861.00 | |
| Total Expenses | $60,481.00 | $35,294.00 | |
| Revenue Less Expenses | ($-0.00) | ($7,917.00) | ($2,433.00) |
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 | $40,156.00 | $28,817.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $12,408.00 | $4,044.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $53,879.00 | $30,959.00 | |
| Administration Expense | $6,602.00 | $4,335.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 87% | 93% | |
| Program Expense/Total Expenses | 89% | 88% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $40,156.00 | Contributions, Gifts, and Grants $28,817.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $12,408.00 | Program Revenue $4,044.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $8,758.00 | $16,675.00 | |
| Current Assets | $8,758.00 | $16,675.00 | |
| Long-Term Liabilities | $10,000.00 | $0.00 | |
| Current Liabilities | $0.00 | $10,000.00 | |
| Total Net Assets | $1,242.00 | $6,675.00 |
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
Under Extension
Form 990s
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
| Along with the relocation of the Council to Nashville and work to bring in additional board members and full-time staff there will be considerable attention to fundraising and adding appropriate financial accounting standards to TN WAC operations. The Council's budget never reached the IRS 990 threshold beyond the post card filing before the 2017/18 FY. The 2017/18 filing was with the complete IRS 990 form and the Council has been bringing in additional financial controls. |
Foundation Staff Comments
| Financial figures taken from the Form 990EZ, which was prepared by Foundation Group, inc. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990EZ. Comments provided by Nicole Rose 05/25/2023. |
