Can'd Aid
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$2,800,000.00
Projected Expenses
$3,127,165.00
Organizational Budgets and Other Documents
| 2023 Budget | 2023 |
IRS Letter of Exemption
| IRS Letter | 2013 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,524,520.00 | $1,159,872.00 | |
| Total Expenses | $1,429,333.00 | $1,055,794.00 | |
| Revenue Less Expenses | ($-0.00) | $95,187.00 | $104,078.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $80,717.00 | |
| Contributions, Gifts, and Grants | $1,489,944.00 | $1,077,323.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $2,841.00 | |
| Investment Income, Net of Losses | $8,630.00 | $9,844.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $25,946.00 | $62,386.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,125,164.00 | $832,165.00 | |
| Administration Expense | $84,563.00 | $67,085.00 | |
| Fundraising Expense | $219,606.00 | $156,544.00 | |
| Total Revenue/Total Expenses | 107% | 110% | |
| Program Expense/Total Expenses | 79% | 79% | |
| Fundraising Expense/Contributed Revenue | 15% | 15% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $1,489,944.00 | Contributions, Gifts, and Grants $1,077,323.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $25,946.00 | Government Grants $80,717.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $8,630.00 | Fundraising Events $62,386.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $711,073.00 | $578,970.00 | |
| Current Assets | $444,755.00 | $326,065.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $58,059.00 | $32,151.00 | |
| Total Net Assets | $653,014.00 | $546,819.00 |
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
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 Form 990 | 2019 |
Audit Documents
| 2021 Financial Audit | 2021 |
| 2020 Financial Audit | 2020 |
CEO/Executive Director/Board Comments
| The organization is facing an uncertain economic forecast, as programming demands are increasing and costs are increasing with inflation. Can'd Aid continues to work with an exponentially growing network of volunteers, and the number of school districts and nonprofit partners submitting inbound requests for action increases consistently. While achievements and recognitions, grant funding, and brand awareness are all key to securing on-going funding partnerships with corporate sponsors in Nashville and across the country, the deepening demand and our reliance on public funding have illuminated a need for a more diverse pool of financial partners. Currently Can'd Aid's programs are very reliant on corporate support, and we would like to increase the support we receive from foundations and recurring individual donors to provide better financial forecasting. |
Foundation Staff Comments
| Financial figures compiled 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 Hinkle & Company, PC. Comments provided by Nicole Rose 03/08/2023. |
