Fiscal Year
01/01/2024
12/31/2024
$6,615,155.00
$6,387,070.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $7,986,046.00 | $7,055,902.00 | $5,557,836.00 |
| Total Expenses | $6,954,133.00 | $6,634,207.00 | $5,731,805.00 |
| Revenue Less Expenses | $1,031,913.00 | $421,695.00 | ($173,969.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $626,890.00 |
| 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 | $2,857,273.00 | $2,790,045.00 | $2,858,613.00 |
| Indirect Public Support | $38,701.00 | $51,010.00 | $50,127.00 |
| Earned Revenue | $3,689,143.00 | $2,296,118.00 | $2,798,755.00 |
| Investment Income, Net of Losses | $0.00 | $946,708.00 | $324,428.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $303,555.00 | $312,821.00 |
| Revenue In-Kind | $0.00 | $50,820.00 | $0.00 |
| Other | $124,344.00 | $617,646.00 | $186,889.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,646,268.00 | $5,646,268.00 | $4,941,510.00 |
| Administration Expense | $411,558.00 | $513,981.00 | $303,062.00 |
| Fundraising Expense | $473,958.00 | $473,958.00 | $487,233.00 |
| Total Revenue/Total Expenses | 122% | 106% | 97% |
| Program Expense/Total Expenses | 86% | 85% | 86% |
| Fundraising Expense/Contributed Revenue | 7% | 7% | 9% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $3,689,143.00 | Contributions, Gifts, and Grants $2,790,045.00 | Contributions, Gifts, Grants $2,858,613.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,857,273.00 | Program Revenue $2,296,118.00 | Program Revenue $2,798,755.00 |
| Third Highest Funding Source & Dollar Amount | Other Revenue $124,344.00 | Investment Income $946,708.00 | Federal Government Grants $626,890.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $41,641,483.00 | $39,203,369.00 | $43,257,638.00 |
| Current Assets | $7,537,126.00 | $6,429,515.00 | $6,940,233.00 |
| Long-Term Liabilities | $222,666.00 | $445,333.00 | $0.00 |
| Current Liabilities | $883,812.00 | $992,463.00 | $559,113.00 |
| Total Net Assets | $40,535,005.00 | $37,765,573.00 | $42,698,525.00 |
Endowment Info
Yes
$18,626,833.00
Percentage
Capital Campaign Info
Yes
Yes
$15,000,000.00
Revitalization of Boxwell Reservation camp properties and their ongoing maintenance is needed in order to facilitate programs that teach self-confidence, self-reliance, leadership, physical fitness and character development to an ever-growing Scouting community. The Middle Tennessee Council is in the midst of a campaign to raise $15 million for this effort. As of 5/1/24, $11,048,955 has been committed. A number of priority projects have been completed including a free-standing Skilled Trades Center; six new shower houses; a new camp entrance gateway that includes an area honoring veterans who are current and former Scouts, volunteers and staff; renovated ranger houses and a renovated shotgun range. Fundraising continues for the construction of two new facilities - a Family and Staff Lodge and a Leadership Center that will include the main dining hall for the camp.
Click here to view the campaign video:
https://www.youtube.com/watch?v=E_dRNpt8z5s
January 2019
December 2024
May
2024
$11,048,955.00
Solicitation Permit Info
Yes
June
2025
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| On the IRS 990, income and expenses stated are cumulative totals from the annual operating, capital campaign, and endowment funds. Through good stewardship measures, the council has been able to achieve operating income exceeding expenses by an average of 1% each year as opposed to the significant differences that result when capital funds, endowment funds and operating funds are combined as the IRS 990 indicates. |
Foundation Staff Comments
| Financial figures taken from the audit. Audit was prepared by LBMC, PC. Comments provided by Hayley Sulfridge 10/16/24. |
