Tennessee Educators of Color Alliance
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$677,000.00
Projected Expenses
$826,732.00
Organizational Budgets and Other Documents
| 2024-2025 Budget | 2024 |
| 2022-2023 Budget | 2023 |
| 2021-2022 Budget | 2022 |
| 2020-2021 Budget | 2021 |
| 2019-2020 Budget | 2020 |
| 2018-2019 Budget | 2019 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $615,866.00 | $908,249.00 | |
| Total Expenses | $619,464.00 | $414,042.00 | |
| Revenue Less Expenses | ($-0.00) | ($3,598.00) | $494,207.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 | $479,980.00 | $666,800.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $122,233.00 | $214,124.00 | |
| Investment Income, Net of Losses | $13,653.00 | $1,556.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $25,769.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $412,644.00 | $258,827.00 | |
| Administration Expense | $65,642.00 | $155,215.00 | |
| Fundraising Expense | $141,178.00 | $0.00 | |
| Total Revenue/Total Expenses | 99% | 219% | |
| Program Expense/Total Expenses | 67% | 63% | |
| Fundraising Expense/Contributed Revenue | 23% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $479,980.00 | Contributions ,Gifts, and Grants $666,800.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $122,233.00 | Program Revenue $214,124.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $13,653.00 | Other Revenue $25,769.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $839,863.00 | $1,083,747.00 | |
| Current Assets | $837,601.00 | $1,083,023.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $11,198.00 | $251,484.00 | |
| Total Net Assets | $828,665.00 | $832,263.00 |
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?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2022-2023 Form 990 | 2023 |
| 2021-2022 Form 990 | 2022 |
| 2020-2021 Form 990 | 2021 |
| 2019-2020 Form 990 | 2020 |
| 2018-2019 990N | 2019 |
| 2017-2018 990N | 2018 |
| 2016-2017 990N | 2017 |
Audit Documents
No audit documents are available at this time
CEO/Executive Director/Board Comments
| We are looking to scale or reach and support across the state. Human capital capacity as always been a challenge. Now with the recent adoption of the Educator Diversity Policy we are looking to support more districts across the state. We are looking to hire our second full-time employee before our next fiscal year starts in July. Additionally, we would like to higher a third by December 2021. |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions ,Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by KLLW. Comments provided by Hayley Sulfridge 6/13/24. |
