Tennessee Baptist Children's Homes
Fiscal Year
Fiscal Year Start
11/01/2023
Fiscal Year End
10/31/2024
Projected Revenue
$7,197,000.00
Projected Expenses
$8,081,600.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| tennessee baptist children's home irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $15,974,332.00 | $9,831,211.00 | $9,613,258.00 |
| Total Expenses | $7,947,612.00 | $8,053,991.00 | $7,791,634.00 |
| Revenue Less Expenses | $8,026,720.00 | $1,777,220.00 | $1,821,624.00 |
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 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $4,813,627.00 | $5,825,117.00 | $5,556,729.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $8,287,241.00 | $4,622,695.00 | $1,481,556.00 |
| Investment Income, Net of Losses | $1,675,810.00 | $-949,826.00 | $1,891,888.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $131,831.00 |
| Revenue In-Kind | $963,329.00 | $176,542.00 | $285,198.00 |
| Other | $234,325.00 | $156,683.00 | $266,056.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $6,161,300.00 | $6,305,976.00 | $5,953,892.00 |
| Administration Expense | $1,381,413.00 | $1,294,005.00 | $1,322,904.00 |
| Fundraising Expense | $404,899.00 | $454,010.00 | $514,838.00 |
| Total Revenue/Total Expenses | 201% | 122% | 123% |
| Program Expense/Total Expenses | 78% | 78% | 76% |
| Fundraising Expense/Contributed Revenue | 5% | 6% | 7% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $8,287,241.00 | Contributions, Gifts, and Grants $5,825,117.00 | Contributions, Gifts, and Grants $5,556,729.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $4,813,627.00 | Program Revenue $4,622,695.00 | Investment Income $1,891,888.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $1,675,810.00 | Noncash Contributions $176,542.00 | Program Revenue $1,481,556.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $52,244,105.00 | $43,389,721.00 | $44,788,337.00 |
| Current Assets | $4,898,508.00 | $5,594,959.00 | $3,002,284.00 |
| Long-Term Liabilities | $671,349.00 | $652,315.00 | $869,264.00 |
| Current Liabilities | $1,268,418.00 | $926,993.00 | $1,066,039.00 |
| Total Net Assets | $23,692,885.00 | $4,181,081,413.00 | $37,797,703.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$4,903,429.00
What is the spending policy for your endowment?
Income Only
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
Exempt
Solicitations Permit
Form 990s
| 2019-2020 TBCH 990 Pro Forma for CFC | 2020 |
Audit Documents
CEO/Executive Director/Board Comments
| Tennessee Baptist Children's Homes is a Type 1 organization in its 501c3 status. |
Foundation Staff Comments
| Financial figures are taken from the audit. The organization does not file a 990 as they are a religious organization. Audit completed by Crosslin, PLLC. Comments provided by Nicole Rose 07/31/2024. |
