NeedLink Nashville
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615-269-6835
3900 West End Avenue visit us at the North Wilson Blvd. entry of Westminster Presbyterian Church
Nashville, TN 37205
Nashville, TN 37205
Fiscal Year
Fiscal Year Start
07/12/2024
Fiscal Year End
06/30/2025
Projected Revenue
$525,000.00
Projected Expenses
$1,328,467.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| NeedLink IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $2,061,209.00 | $1,670,379.00 | |
| Total Expenses | $1,398,462.00 | $2,201,756.00 | |
| Revenue Less Expenses | ($-0.00) | $662,747.00 | ($531,377.00) |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $959,687.00 | |
| Contributions, Gifts, and Grants | $2,004,097.00 | $691,706.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $21,752.00 | $1,897.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $34,733.00 | $17,089.00 | |
| Revenue In-Kind | $627.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $1,346,383.00 | $2,150,222.00 | |
| Administration Expense | $19,064.00 | $19,111.00 | |
| Fundraising Expense | $33,015.00 | $32,423.00 | |
| Total Revenue/Total Expenses | 147% | 76% | |
| Program Expense/Total Expenses | 96% | 98% | |
| Fundraising Expense/Contributed Revenue | 2% | 1% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $2,004,097.00 | Government Grants $959,687.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $34,733.00 | Contributions, Gifts, and Grants $691,706.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $21,752.00 | Fundraising Events $17,089.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,370,801.00 | $1,657,257.00 | |
| Current Assets | $2,267,709.00 | $1,635,987.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $60,391.00 | $9,594.00 | |
| Total Net Assets | $2,310,410.00 | $1,647,663.00 |
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
| NeedLink Nashville's Board of Directors has led the organization to a strong financial position. Currently, we have sufficient reserves to meet one year of operations expenses in case of emergency, and we have grown our program funding to reach approximately 60 % of applicants. We attempt to keep administrative and fundraising expenses low, in order to maximize the funding available for the rent and critical utility services needs of our clients. The important support we have from NES and TVA makes it possible for NeedLink to care for Nashvillians throughout the year. Gracious grants from corporations and foundations together with the important gifts we receive from individual donors make it possible for us to fund thousands of Nashvillians in a financial crisis and facing eviction. Careful budgeting is key to ensuring that funding is available every week of every year to help people facing a documented emergency situation. Through our 2020 tornados, Christmas Bombing, floods and throughout COVID, Nashvillians have given generously to NeedLink Nashville. We have been able to assist many thousands of families who were experiencing the very challenging economic hardships brought about by each crisis. Because of our donors, NeedLink assists Nashvillians each week with everyday financial emergencies and the devastating tragedies in Nashville. We are thankful for all support. |
Foundation Staff Comments
| Financial figures taken from 990. Corporate and foundation grants may be included in Individual Contribution sum, as these amounts are not separated in Form 990. Financials prepared by Brown & Maguire CPAs, PLLC. Comments provided by Nicole Rose 10/21/2024. |
