You Have the Power... Know How to Use It, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$552,712.00
Projected Expenses
$552,712.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| You Have the Power... Know How to Use It, Inc. IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $267,754.00 | $391,846.00 | $509,635.00 |
| Total Expenses | $366,412.00 | $406,535.00 | $487,057.00 |
| Revenue Less Expenses | ($98,658.00) | ($14,689.00) | $22,578.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $132,000.00 | $155,000.00 | $105,000.00 |
| 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 | $61,567.00 | $69,297.00 | $193,675.00 |
| Contributions, Gifts, and Grants | $41,555.00 | $162,228.00 | $350,118.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $32,528.00 | $5,261.00 | $70,838.00 |
| Investment Income, Net of Losses | $104.00 | $60.00 | $4.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $275,012.00 | $336,697.00 | $401,773.00 |
| Administration Expense | $66,122.00 | $40,366.00 | $47,474.00 |
| Fundraising Expense | $25,278.00 | $29,472.00 | $37,810.00 |
| Total Revenue/Total Expenses | 73% | 96% | 105% |
| Program Expense/Total Expenses | 75% | 83% | 82% |
| Fundraising Expense/Contributed Revenue | 7% | 7% | 8% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Foundations and Corporations $132,000.00 | Contributions, Gifts, and Grants $162,228.00 | Contributions, Gifts, and Grants $350,118.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $61,567.00 | Foundation and Corporations $155,000.00 | Government Grants $193,675.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $41,555.00 | Government Grants $69,297.00 | Foundations and Corporations $105,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $51,714.00 | $149,335.00 | $164,006.00 |
| Current Assets | $48,491.00 | $145,250.00 | $157,244.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $1,390.00 | $353.00 | $337.00 |
| Total Net Assets | $50,324.00 | $148,982.00 | $163,669.00 |
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Under Extension
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The past 12 months have seen an increase in donations from the board and donors through well-managed events and the implementation of long-range goals. We received a Metro Grant to expand facilitator training of our Youth Impact Curriculum to Davidson County school personnel. |
Foundation Staff Comments
| Financial figures are taken from the 990 and audit. 990 was prepared by Mike Dodd, CPA. Audit prepared by Blankenship CPA Group, PLLC. In some years, Schedule B removed to protect donor privacy. Comments provided by Nicole Rose 11/25/2024. |
