Heritage Foundation of Williamson County
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$6,055,380.00
Projected Expenses
$5,786,347.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| heritage foundation of franklin and williamson county irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $7,048,834.00 | $7,048,834.00 | $5,101,900.00 |
| Total Expenses | $6,936,401.00 | $6,936,401.00 | $4,814,332.00 |
| Revenue Less Expenses | $112,433.00 | $112,433.00 | $287,568.00 |
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 | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $3,813,550.00 | $3,813,550.00 | $2,290,078.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,308,797.00 | $1,308,797.00 | $2,161,655.00 |
| Investment Income, Net of Losses | $-187,988.00 | $-187,988.00 | $830.00 |
| Membership Dues | $352,809.00 | $352,809.00 | $150,222.00 |
| Special Events | $727,218.00 | $727,218.00 | $499,115.00 |
| Revenue In-Kind | $1,034,448.00 | $1,034,448.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,276,651.00 | $5,276,651.00 | $3,854,806.00 |
| Administration Expense | $707,354.00 | $707,354.00 | $355,694.00 |
| Fundraising Expense | $952,396.00 | $952,396.00 | $603,832.00 |
| Total Revenue/Total Expenses | 102% | 102% | 106% |
| Program Expense/Total Expenses | 76% | 76% | 80% |
| Fundraising Expense/Contributed Revenue | 14% | 14% | 13% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, & Grants $3,813,550.00 | Contributions, Gifts, and Grants $3,813,550.00 | Contributions, Gifts, and Grants $2,290,078.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $1,308,797.00 | Program Revenue $1,308,797.00 | Program Revenue $2,161,655.00 |
| Third Highest Funding Source & Dollar Amount | Noncash Contributions $1,034,448.00 | Noncash Contributions $1,034,448.00 | Fundraising Events $499,115.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $30,248,010.00 | $30,248,010.00 | $23,589,168.00 |
| Current Assets | $6,512,269.00 | $6,512,269.00 | $7,226,700.00 |
| Long-Term Liabilities | $67,706,124.00 | $6,706,127.00 | $0.00 |
| Current Liabilities | $6,395,989.00 | $6,512,269.00 | $6,569,465.00 |
| Total Net Assets | $17,145,894.00 | $17,145,894.00 | $17,019,703.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,000,000.00
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?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the 990. 990 completed by Blankenship CPA Group, PLLC. Comment provided by Hayley Sulfridge 8/30/24. |
