Empower Tennessee
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Empower Tennessee IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $453,272.00 | $835,003.00 | |
| Total Expenses | $539,144.00 | $807,446.00 | |
| Revenue Less Expenses | ($-0.00) | ($85,872.00) | $27,557.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $24,000.00 | $0.00 | |
| Government - Federal | $330,301.00 | $737,576.00 | |
| Government - State | $52,313.00 | $41,527.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $2,978.00 | |
| Contributions, Gifts, and Grants | $25,804.00 | $27,992.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $20,854.00 | $24,930.00 | |
| 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 | $344,845.00 | $693,969.00 | |
| Administration Expense | $194,299.00 | $113,477.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 84% | 103% | |
| Program Expense/Total Expenses | 64% | 86% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Federal Government Grants $330,301.00 | Federal Government Grants $737,576.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | State Government Grants $52,313.00 | State Government Grants $41,527.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $25,804.00 | Contributions, Gifts, Grants $27,992.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $57,534.00 | $100,921.00 | |
| Current Assets | $56,201.00 | $100,921.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $89,448.00 | $46,963.00 | |
| Total Net Assets | $-31,914.00 | $53,958.00 |
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
2023
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the 990. 990 prepared by Jacobs Cohen & Associates PLLC. Comments provided by Hayley Sulfridge 5/23/23. |
