Healing Arts Project, Inc. / HAPI
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$256,800.00
Projected Expenses
$240,489.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Healing Arts Project (formerly Middle TN Mental Health & Substance Abuse Coalition) IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $197,837.00 | $223,487.00 | $114,613.00 |
| Total Expenses | $198,783.00 | $213,459.00 | $127,719.00 |
| Revenue Less Expenses | ($946.00) | $10,028.00 | ($13,106.00) |
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 | $156,844.00 | $202,820.00 | $0.00 |
| Contributions, Gifts, and Grants | $26,368.00 | $14,421.00 | $107,124.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $1.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $14,625.00 | $6,246.00 | $5,488.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $2,000.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $138,743.00 | $213,459.00 | $70,497.00 |
| Administration Expense | $51,810.00 | $0.00 | $57,222.00 |
| Fundraising Expense | $8,230.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 100% | 105% | 90% |
| Program Expense/Total Expenses | 70% | 100% | 55% |
| Fundraising Expense/Contributed Revenue | 4% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $156,844.00 | Government Grants $202,820.00 | Contributions, Gifts, and Grants $107,124.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, & Grants $26,368.00 | Contributions, Gifts, and Grants $14,421.00 | Fundraising Events $5,488.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $14,625.00 | Fundraising Events $6,246.00 | Other Revenue $2,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $36,723.00 | $66,704.00 | $57,151.00 |
| Current Assets | $36,723.00 | $66,704.00 | $57,151.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $7,800.00 |
| Current Liabilities | $-17,021.00 | $4,325.00 | $-241.00 |
| Total Net Assets | $53,744.00 | $62,379.00 | $49,592.00 |
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?
Yes
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
| HAPI is regularly presented with requests to have classes in other Middle Tennessee centers beyond our current service areas, but the associated costs of expansion would challenge HAPI's finances. In order to offer classes, HAPI must pay for a trained artist to teach the classes, art materials, etc. Beyond expansion, HAPI is also challenged to offer unique and diversified opportunities. Currently, most HAPI classes are taught in the area of community mental health programs. We are currently looking to diverse our funding. HAPI's leadership has developed a fundraising committee that will focus on raising funds from diverse sources. In 2018, HAPI received a grant from the Tennessee Department of Mental Health and Substance Abuse Services to sustain the program and give us the opportunity to plan expansion of the program into other areas. This support has also allowed us to sustain permanent administrative staff. |
Foundation Staff Comments
| Financial data taken form Form 990. 990 was prepared internally by the nonprofit. Comments provided by Hayley Sulfridge 8/12/24. |
