Tennessee Trucking Foundation Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$862,000.00
Projected Expenses
$765,250.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Tennessee Trucking Foundation IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $656,890.00 | $529,134.00 | $732,209.00 |
| Total Expenses | $555,212.00 | $4,589,780.00 | $369,212.00 |
| Revenue Less Expenses | $101,678.00 | ($4,060,646.00) | $362,997.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $88,850.00 | $59,120.00 | $265,448.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $24,246.00 | $44,311.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $110,356.00 | $80,380.00 | $61,013.00 |
| Contributions, Gifts, and Grants | $68,216.00 | $153,507.00 | $112,337.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $53,186.00 | $528.00 | $52,263.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $331,449.00 | $207,213.00 | $196,837.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $4,833.00 | $4,140.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $263,961.00 | $273,422.00 | $158,006.00 |
| Administration Expense | $101,714.00 | $92,449.00 | $132,210.00 |
| Fundraising Expense | $189,537.00 | $93,099.00 | $78,996.00 |
| Total Revenue/Total Expenses | 118% | 115% | 198% |
| Program Expense/Total Expenses | 48% | 60% | 43% |
| Fundraising Expense/Contributed Revenue | 34% | 20% | 21% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Fundraising Events $331,449.00 | Fundraising Events $207,213.00 | Foundations and Corporations $265,448.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $110,356.00 | Contributions, Gifts, and Grants $153,507.00 | Fundraising Events $196,837.00 |
| Third Highest Funding Source & Dollar Amount | Foundations and Corporations $88,850.00 | Foundation and Corporations $59,120.00 | Contributions, Gifts, and Grants $112,337.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,247,876.00 | $1,032,521.00 | $1,161,521.00 |
| Current Assets | $175,025.00 | $120,946.00 | $414,548.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $4,000.00 | $3,300.00 | $62,246.00 |
| Total Net Assets | $1,243,876.00 | $1,029,221.00 | $1,099,275.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures taken from the 990. In some years, schedule B removed to protect donor privacy. 990 prepared by Bellenfant PLLC. Comments provided by Nicole Rose 10/06/2024. |
