Junior Achievement of Middle Tennessee
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$2,518,463.00
Projected Expenses
$2,475,209.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $2,179,932.00 | $1,641,881.00 | $1,528,982.00 |
| Total Expenses | $2,250,658.00 | $2,009,469.00 | $1,658,814.00 |
| Revenue Less Expenses | ($70,726.00) | ($367,588.00) | ($129,832.00) |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $387,122.00 |
| 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 | $200,000.00 | $0.00 | $140,795.00 |
| Contributions, Gifts, and Grants | $1,243,701.00 | $1,054,293.00 | $423,647.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $202,904.00 | $176,575.00 | $165,840.00 |
| Investment Income, Net of Losses | $47,841.00 | $8,420.00 | $24,248.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $430,115.00 | $326,698.00 | $337,967.00 |
| Revenue In-Kind | $52,951.00 | $13,721.00 | $42,849.00 |
| Other | $2,420.00 | $32,174.00 | $9,514.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $1,745,621.00 | $1,515,090.00 | $1,270,562.00 |
| Administration Expense | $230,706.00 | $259,527.00 | $213,080.00 |
| Fundraising Expense | $274,331.00 | $234,582.00 | $175,172.00 |
| Total Revenue/Total Expenses | 97% | 82% | 92% |
| Program Expense/Total Expenses | 78% | 75% | 77% |
| Fundraising Expense/Contributed Revenue | 12% | 12% | 11% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,243,701.00 | Contributions, Gifts, and Grants $1,054,293.00 | Contributions, Gifts, Grants $423,647.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $430,115.00 | Fundraising Events $326,698.00 | Foundation and Corporations $387,122.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $202,904.00 | Program Revenue $176,575.00 | Fundraising Events $337,967.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,949,715.00 | $4,187,191.00 | $3,230,603.00 |
| Current Assets | $1,805,868.00 | $1,656,572.00 | $1,720,785.00 |
| Long-Term Liabilities | $17,895.00 | $37,242.00 | $60,632.00 |
| Current Liabilities | $1,296,894.00 | $1,444,297.00 | $96,731.00 |
| Total Net Assets | $2,634,926.00 | $2,705,652.00 | $3,073,240.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$2,550,760.00
What is the spending policy for your endowment?
Percentage
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
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the 990. Financial documents were prepared by Edmondson, Betzler and Montgomery CPA's, PLLC. Comments provided by Hayley Sulfridge 12/2/24. |
