HopeKids Middle Tennessee
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$353,525.00
Projected Expenses
$333,429.00
Organizational Budgets and Other Documents
| HopeKids TN Budget | 2024 |
| HopeKids Middle TN Budget | 2023 |
| HopeKids Middle TN Budget | 2022 |
| HopeKids Middle TN Budget | 2021 |
| HopeKids Middle TN Budget | 2020 |
| HopeKids Middle TN Budget | 2019 |
IRS Letter of Exemption
| IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $7,011,371.00 | $5,529,371.00 | $4,991,449.00 |
| Total Expenses | $6,470,272.00 | $5,575,110.00 | $4,113,919.00 |
| Revenue Less Expenses | $541,099.00 | ($45,739.00) | $877,530.00 |
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 | $136,745.00 | $0.00 | $288,609.00 |
| Contributions, Gifts, and Grants | $3,147,765.00 | $2,330,386.00 | $2,458,316.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $-2,637.00 | $36,911.00 | $9,014.00 |
| Investment Income, Net of Losses | $68,267.00 | $36,936.00 | $20,429.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $740,599.00 | $104,122.00 | $526,118.00 |
| Revenue In-Kind | $2,911,111.00 | $2,513,700.00 | $1,685,273.00 |
| Other | $9,521.00 | $14,022.00 | $3,690.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $5,666,105.00 | $4,837,083.00 | $3,452,680.00 |
| Administration Expense | $373,058.00 | $304,597.00 | $265,276.00 |
| Fundraising Expense | $431,109.00 | $433,430.00 | $395,963.00 |
| Total Revenue/Total Expenses | 108% | 99% | 121% |
| Program Expense/Total Expenses | 88% | 87% | 84% |
| Fundraising Expense/Contributed Revenue | 7% | 8% | 10% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,147,765.00 | Noncash Contributions $2,513,700.00 | Contributions, Gifts, Grants $2,458,316.00 |
| Second Highest Funding Source & Dollar Amount | Noncash Contributions $2,911,111.00 | Contributions, Gifts, and Grants $2,330,386.00 | Noncash Contributions $1,685,273.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $740,599.00 | Fundraising Events $104,122.00 | Government Grants $288,609.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $4,460,737.00 | $3,907,804.00 | $3,984,900.00 |
| Current Assets | $3,663,639.00 | $3,095,438.00 | $3,313,551.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $34,194.00 | $38,378.00 | $20,676.00 |
| Total Net Assets | $4,426,543.00 | $3,869,426.00 | $3,964,224.00 |
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
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| Form 990 | 2023 |
| Form 990 | 2022 |
| Form 990 | 2021 |
| Form 990 | 2020 |
| Form 990 | 2019 |
| Form 990 | 2018 |
| Form 990 | 2017 |
| Form 990 | 2016 |
Audit Documents
| Audited Financials | 2023 |
| Audited Financials | 2022 |
| Audited Financials | 2021 |
| Audited Financials | 2020 |
| Audited Financials | 2019 |
| Audited Financials | 2018 |
| Audited Financials | 2017 |
| Audited Financials | 2016 |
CEO/Executive Director/Board Comments
| The 2024 budget for HopeKids Middle Tennessee reflects the 5th year of operations. The national organization provided financial assistance to help the chapter in the four years while getting established, making connections, fundraising, and enrolling families. The chapter reached self-sustaining status in December 2023. HopeKids Middle TN has received generous funding from Nashville Wine Auction, Daily's Foundation, Samuel M. Fleming Foundation, Colten Cowell Foundation, Nashville Predators Foundation, Community Foundation of Middle TN, Delek-US, Nelson Mazda, Insperity, Thrivent Financial, and others. |
Foundation Staff Comments
| Financials taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financials prepared by Clifton Larson Allen LLP. Comments provided by Hayley Sulfridge 6/20/24. |
