Notes for Notes, Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$3,500,477.00
Projected Expenses
$3,396,994.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Notes for Notes Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,984,788.00 | $1,771,612.00 | $2,515,834.00 |
| Total Expenses | $2,782,380.00 | $2,013,837.00 | $1,958,484.00 |
| Revenue Less Expenses | $202,408.00 | ($242,225.00) | $557,350.00 |
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 | $0.00 | $478,273.00 | $0.00 |
| Contributions, Gifts, and Grants | $2,958,757.00 | $1,291,008.00 | $2,486,255.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $-16,398.00 | $0.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $15,462.00 | $29,579.00 |
| Other | $26,031.00 | $3,267.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,360,645.00 | $1,710,709.00 | $1,684,171.00 |
| Administration Expense | $199,325.00 | $138,902.00 | $153,555.00 |
| Fundraising Expense | $222,410.00 | $164,227.00 | $120,758.00 |
| Total Revenue/Total Expenses | 107% | 88% | 128% |
| Program Expense/Total Expenses | 85% | 85% | 86% |
| Fundraising Expense/Contributed Revenue | 8% | 8% | 6% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,958,757.00 | Contributions, Gifts, and Grants $1,291,008.00 | Contributions, Gifts, and Grants $2,486,255.00 |
| Second Highest Funding Source & Dollar Amount | Other Revenue $26,031.00 | Government Grants $478,273.00 | Noncash Contributions $29,579.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Noncash Contributions $15,462.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $3,086,482.00 | $3,023,685.00 | $2,688,504.00 |
| Current Assets | $2,788,786.00 | $2,847,225.00 | $2,517,503.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $51,171.00 | $71,784.00 | $61,989.00 |
| Total Net Assets | $3,035,311.00 | $2,951,901.00 | $2,626,515.00 |
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
Under Extension
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| N4N has focused on reaching the communities of highest need around Nashville and the country. Our fundraising success with music manufacturers and music focused brands has been the result of a growth strategy to reach these communities. This support has established N4N as the largest youth recording studio organization in the country and positioned us for further growth into the surrounding communities of each studio with local support inspired by the impact we've created with the anchoring studio. We then seek to build sustainability through our host partners (Boys & Girls Club/ Youth centers) by empowering them to leverage N4N and their roots in the community to ensure each studio's future. Collaboration is at the core of our culture and business model. Through partnership with our hosts we have a no cost space to build the studio as well as a relationship through which strategic fundraising opportunities can create both N4N sustainability as well as funding for our host's operations. Managing a growing network of 15+ partners to create sustainability is a resource intense coordination effort requiring a development team adept at organization, communication and inspiration. |
Foundation Staff Comments
| Financial figures are taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. 990 was prepared by Thomason Financial Resources. Comments provided by Hayley Sulfridge 12/4/24. |
