Big Brothers Big Sisters of Middle Tennessee
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$4,871,864.00
Projected Expenses
$4,640,864.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| big brothers big sisters of middle tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $5,152,615.00 | $4,312,006.00 | $7,647,384.00 |
| Total Expenses | $8,098,142.00 | $4,657,249.00 | $4,247,927.00 |
| Revenue Less Expenses | ($2,945,527.00) | ($345,243.00) | $3,399,457.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 | $3,267,320.00 | $2,151,919.00 | $2,606,569.00 |
| Contributions, Gifts, and Grants | $823,853.00 | $1,036,018.00 | $4,146,905.00 |
| Indirect Public Support | $126,145.00 | $114,459.00 | $111,881.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $65,134.00 | $90,434.00 | $2,911.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $788,367.00 | $846,694.00 | $730,888.00 |
| Revenue In-Kind | $61,265.00 | $48,272.00 | $47,341.00 |
| Other | $20,531.00 | $24,210.00 | $889.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $6,112,460.00 | $3,309,902.00 | $3,080,575.00 |
| Administration Expense | $1,414,236.00 | $871,495.00 | $785,286.00 |
| Fundraising Expense | $571,446.00 | $475,852.00 | $382,066.00 |
| Total Revenue/Total Expenses | 64% | 93% | 180% |
| Program Expense/Total Expenses | 75% | 71% | 73% |
| Fundraising Expense/Contributed Revenue | 7% | 10% | 9% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $3,267,320.00 | Government Grants $2,151,919.00 | Contributions, Gifts, Grants $4,146,905.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $823,853.00 | Contributions, Gifts, and Grants $1,036,018.00 | Government Grants $2,606,569.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $788,367.00 | Fundraising Events $846,694.00 | Fundraising Events $730,888.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $3,289,614.00 | $5,869,403.00 | $6,116,163.00 |
| Current Assets | $663,344.00 | $4,063,071.00 | $4,356,098.00 |
| Long-Term Liabilities | $350,000.00 | $0.00 | $0.00 |
| Current Liabilities | $248,605.00 | $232,867.00 | $134,384.00 |
| Total Net Assets | $2,691,009.00 | $5,636,536.00 | $5,981,779.00 |
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
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Note: the agency shifted its fiscal year in 2020, resulting in a "stub" year of Jan-June 2020 prior to beginning the new fiscal year (July 2020-June 2021). |
Foundation Staff Comments
| Financial figures taken from the 990. Financial documents prepared by Blankenship CPA Group, PLLC. Comment provided by Hayley Sulfridge 10/23/24. |
