Interfaith Dental Clinic
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$5,974,645.00
Projected Expenses
$5,935,763.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| interfaith dental clinic 501c3 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $6,673,880.00 | $7,781,431.00 | $8,876,245.00 |
| Total Expenses | $7,150,804.00 | $7,480,782.00 | $7,517,403.00 |
| Revenue Less Expenses | ($476,924.00) | $300,649.00 | $1,358,842.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $985,966.00 | $641,899.00 |
| 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 | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $3,708,316.00 | $4,046,188.00 | $4,693,911.00 |
| Indirect Public Support | $150,575.00 | $160,951.00 | $190,850.00 |
| Earned Revenue | $2,110,686.00 | $1,864,373.00 | $2,096,395.00 |
| Investment Income, Net of Losses | $62,965.00 | $76,936.00 | $148,499.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $359,556.00 | $311,468.00 | $296,123.00 |
| Revenue In-Kind | $260,792.00 | $312,890.00 | $767,620.00 |
| Other | $0.00 | $22,659.00 | $40,948.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,856,932.00 | $6,504,477.00 | $6,517,199.00 |
| Administration Expense | $887,464.00 | $576,531.00 | $670,298.00 |
| Fundraising Expense | $406,408.00 | $399,774.00 | $329,906.00 |
| Total Revenue/Total Expenses | 93% | 104% | 118% |
| Program Expense/Total Expenses | 82% | 87% | 87% |
| Fundraising Expense/Contributed Revenue | 6% | 5% | 4% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,708,316.00 | Contributions, Gifts, and Grants $4,046,188.00 | Contributions, Gifts, and Grants $4,693,911.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $2,110,686.00 | Program Revenue $1,864,373.00 | Program Revenue $2,096,395.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $359,556.00 | Foundations and Corporations $985,966.00 | Noncash Contributions $767,620.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $17,049,900.00 | $17,049,900.00 | $17,953,536.00 |
| Current Assets | $4,705,821.00 | $4,705,821.00 | $5,460,137.00 |
| Long-Term Liabilities | $6,727,745.00 | $6,727,745.00 | $6,677,724.00 |
| Current Liabilities | $1,143,259.00 | $1,143,259.00 | $2,397,565.00 |
| Total Net Assets | $9,178,896.00 | $9,178,896.00 | $8,878,247.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$17,148.18
What is the spending policy for your endowment?
N/A
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
| All of our adult patients are low-income and uninsured. The state of Tennessee provides some financial support to care for this group but it equals only a small percentage of our operating budget. Twelve percent of our patients are children, but only half of these children are insured for dental through TennCare or CoverKids. Interfaith Dental Clinic is almost solely supported through the consistent generosity of local citizens, their companies and foundations. We ask that you consider providing financial support to the Interfaith Dental Clinic so working poor families and the elderly in Middle Tennessee can continue to have access to quality, affordable dental care. By making an investment in our patients, you are improving the health of your neighbors, their families and your community. |
Foundation Staff Comments
| Financial figures are taken from the audit. Financials prepared by Cherry Bekaert LLP. Comment provided by Hayley Sulfridge 9/24/24. *Interfaith Dental Clinic's endowment is held at The Community Foundation of Middle Tennessee. |
