Nashville Teacher Residency
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678-772-7522 ext. 6787727522
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PO Box 40017
Nashville, TN 37204
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2024

Fiscal Year End

06/30/2025

Projected Revenue

$1,838,716.00

Projected Expenses

$1,404,470.00

Organizational Budgets and Other Documents

NTR Budget (FY25) 2025
NTR Budget (FY24) 2024
NTR FY23 Approved Budget 2023
2018-2022 Budget Projections 2022
Approved Budget for 2021-2022 2021

IRS Letter of Exemption

IRS Letter of Determination

Detailed Financials

Revenue and Expenses
Fiscal Year202420232022
Total Revenue $1,095,092.00$2,643,273.00$1,094,967.00
Total Expenses $1,157,663.00$1,055,930.00$978,750.00
Revenue Less Expenses ($62,571.00)$1,587,343.00$116,217.00

Revenue Sources
Fiscal Year202420232022
Foundation and Corporation Contributions $0.00$2,365,000.00$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 $0.00$0.00$199,603.00
Contributions, Gifts, and Grants $811,498.00$29,120.00$679,105.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $232,416.00$219,213.00$215,741.00
Investment Income, Net of Losses $51,181.00$29,940.00$518.00
Membership Dues $0.00$0.00$0.00
Special Events $0.00$0.00$0.00
Revenue In-Kind $0.00$0.00$0.00
Other $0.00$0.00$0.00

Expense Allocation
Fiscal Year202420232022
Program Expense $997,146.00$915,770.00$848,490.00
Administration Expense $160,517.00$140,160.00$130,260.00
Fundraising Expense $0.00$0.00$0.00
Total Revenue/Total Expenses 95%250%112%
Program Expense/Total Expenses 86%87%87%
Fundraising Expense/Contributed Revenue 0%0%0%

Top Funding Sources
Fiscal Year202420232022
Top Funding Source & Dollar Amount Contributions, Gifts, and Grants
$811,498.00
Foundation and Corporations
$2,365,000.00
Contributions, Gifts, and Grants
$679,105.00
Second Highest Funding Source & Dollar Amount Program Revenue
$232,416.00
Program Revenue
$219,213.00
Program Revenue
$215,741.00
Third Highest Funding Source & Dollar Amount Investment Income
$51,181.00
Investment Income
$29,940.00
Government Grants
$199,603.00

Assets and Liabilities
Fiscal Year202420232022
Total Assets $1,978,086.00$1,985,694.00$398,601.00
Current Assets $1,977,481.00$1,985,089.00$392,140.00
Long-Term Liabilities $0.00$0.00$0.00
Current Liabilities $54,963.00$0.00$250.00
Total Net Assets $1,923,123.00$1,985,694.00$398,351.00

Endowment Info

Do you have an endowment?

No

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

December

Permit Expiration Year

2025

Form 990s

NTR 990 (FY24) 2024
NTR Form 990 (FY23) 2023
2021 NTR Form 990 2022
NTR Form 990 2022 2022
Form 990 2021
2019 NTR 990 2020
2018-19 NTR 990 2019
Form 990 2018
Form 990 2017
Form 990 2016
PR 990 2015

Audit Documents

NTR 23-24 Audit 2024
NTR 22-23 Audit 2023
NTR 21-22 Audit 2022
NTR 20-21 Audit 2021
NTR 19-20 Audit 2020
NTR Audit 2018-19 2019
2016 & 2017 Audit 2017
PR Audit 2015

Foundation Staff Comments


Financial figures taken from Form 990. Corporate and foundation grants may be included in Contributions, Gifts, and Grants sum as these amounts are not separated in Form 990. The 2018 990 covers Jan-June. Form 990 was prepared by KraftCPAS, PLLC. Comment provided by Hayley Sulfridge 12/16/24.