Gilda's Club Middle Tennessee
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$1,296,500.00
Projected Expenses
$1,349,241.00
Organizational Budgets and Other Documents
| Gilda's Club FY24 | 2025 |
| Gilda's Club FY23 Budget | 2023 |
| Gilda's Club FY21 budget | 2022 |
| Gilda's Club FY22 | 2022 |
| gilda's club FY20 budget | 2020 |
| gilda's club 2018 budget | 2018 |
| gilda's club 2017 budget | 2017 |
| gilda's club 2016 budget | 2016 |
| gilda's club 2015 budget | 2015 |
| gilda's club 2014 budget | 2014 |
| gilda's club 2013 budget | 2013 |
| gilda's club 2012 budget | 2012 |
| gilda's club 2011 budget | 2011 |
| gilda's club 2010 budget | 2010 |
| gilda's club 2009 budget | 2009 |
| gilda's club 2008 budget | 2008 |
| gilda's club 2007 budget | 2007 |
| gilda's club 2006 budget | 2006 |
| gilda's club 2005 budget | 2005 |
IRS Letter of Exemption
| IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,435,609.00 | $1,314,308.00 | $1,385,522.00 |
| Total Expenses | $1,243,937.00 | $1,136,637.00 | $1,036,609.00 |
| Revenue Less Expenses | $191,672.00 | $177,671.00 | $348,913.00 |
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 | $332,781.00 | $149,764.00 | $319,754.00 |
| Contributions, Gifts, and Grants | $628,616.00 | $731,594.00 | $673,451.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $43,382.00 | $43,631.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $347,324.00 | $373,029.00 | $341,292.00 |
| Revenue In-Kind | $83,506.00 | $16,290.00 | $18,902.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $889,256.00 | $832,754.00 | $790,970.00 |
| Administration Expense | $133,992.00 | $116,331.00 | $110,537.00 |
| Fundraising Expense | $220,689.00 | $187,552.00 | $135,102.00 |
| Total Revenue/Total Expenses | 115% | 116% | 134% |
| Program Expense/Total Expenses | 71% | 73% | 76% |
| Fundraising Expense/Contributed Revenue | 18% | 17% | 13% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $628,616.00 | Contributions, Gifts, and Grants $731,594.00 | Contributions, Gifts, Grants $673,451.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $347,324.00 | Fundraising Events $373,029.00 | Fundraising Events $341,292.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $332,781.00 | Government Grants $149,764.00 | Government Grants $319,754.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,319,836.00 | $4,160,333.00 | $4,318,445.00 |
| Current Assets | $102,169.00 | $295,330.00 | $371,883.00 |
| Long-Term Liabilities | $228,909.00 | $376,618.00 | $526,885.00 |
| Current Liabilities | $120,607.00 | $76,808.00 | $83,567.00 |
| Total Net Assets | $3,970,320.00 | $3,706,907.00 | $3,707,993.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$19,134.19
What is the spending policy for your endowment?
N/A
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
| Gilda's Club 2023 | 2023 |
| Gilda's Club 2022 990 | 2022 |
| gilda's club 2021 990 | 2021 |
| gilda's club 2020 990 | 2020 |
| gilda's club 2019 990 | 2019 |
| gilda's club 2018 990 | 2018 |
| gilda's club 2017 990 | 2017 |
| gilda's club 2016 990 | 2016 |
| gilda's club 2015 990 | 2015 |
| gilda's club 2014 990 | 2014 |
| gilda's club 2013 990 | 2013 |
| gilda's club 2012 990 | 2012 |
| gilda's club 2011 990 | 2011 |
| gilda's club 2010 990 | 2010 |
| gilda's club 2009 990 | 2009 |
| gilda's club 2008 990 | 2008 |
| gilda's club 2007 990 | 2007 |
| gilda's club 2006 990 | 2006 |
| gilda's club 2005 990 | 2005 |
| gilda's club 2004 990 | 2004 |
| gilda's club 2003 990 | 2003 |
Audit Documents
| gildasclub 2023 audit | 2023 |
| gildasclub 2022 audit | 2022 |
| gildas club 2021 audit | 2021 |
| gildas club 2020 audit | 2020 |
| gilda's club 2019 audit | 2019 |
| gildas club 2018 audit | 2018 |
| gildas club 2017 audit | 2017 |
| gildas club 2016 audit | 2016 |
| gilda's club 2015 audit | 2015 |
| gilda's club 2014 audit | 2014 |
| gilda's club 2013 audit | 2013 |
| gilda's club 2012 audit | 2012 |
| gilda's club 2011 audit | 2011 |
| gilda's club 2010 audit | 2010 |
| gilda's club 2009 audit | 2009 |
| gildas club 2008 audit | 2008 |
| gilda's club 2007 audit | 2007 |
| gilda's club 2006 audit | 2006 |
| gilda's club 2005 audit | 2005 |
| gilda's club 2004 audit | 2004 |
CEO/Executive Director/Board Comments
| In 2016, Gilda's Club Middle Tennessee, at the suggestion of the Finance committee and with approval of the Board of Directors, adopted an investment policy. This policy resulted in the transfer of $1.3 million in operating reserve funds to a managed investment account with a conservative profile and the potential to yield greater returns for the organization than a traditional money market or CD account. While the funds are accessible if needed, they may not be used for any purpose without Board consent. The audited financial statements for 2016 reflect a loss for which several reasons are important to note. Gilda's Club's philanthropic revenue has been very event-driven for many years and some events are demonstrating a natural life-cycle and downturn in revenue. While events will always be an important part of our fundraising strategy, the volatility of event revenue underscored the strategy to develop a major gift fundraising program, which launched in 2017. The important organizational transition from Founder/CEO to successor President/CEO resulted in increased personnel expenses beyond a typical year. These expenses were an important investment in managing a smooth transition that ensured organizational stability and integrity. Finally, there were some unanticipated, but necessary building expenses in 2016. Because Gilda's Club had managed such a healthy reserve account, we were able to draw on our own savings to manage a year with multiple expense challenges. The Finance committee, the Board and staff all made extraordinary efforts to minimize the expense shortfall with expanded year-end fundraising efforts that helped acquire new donors and created a compelling message for others to increase their gifts. Moving forward, our greatest opportunity is to successfully manage our major gift fundraising program in conjunction with a rebranding campaign to our new name of Gilda's Club Middle Tennessee and program growth to better serve our 15-county region. In 2019, Gilda's Club Middle Tennessee is shifting to a new fiscal year: July 1 - June 30. This shift will align our in-process 10-year vision and 3-year strategic plan with our financials and operating budget. We will utilize this shift and alignment to better plan for and manage long-term financial sustainability. With all plans and operating functions in sync, our ability to measure and report outcomes and impact will also improve. Our FY2020 was a net positive year. In our FY2021, we are focusing on financial sustainability and producing a balanced budget while delivering our mission. |
Foundation Staff Comments
| Financial documents completed by Blankenship CPA Group, PLLC. Comments provided by Hayley Sulfridge 5/22/23. |
