Southern Word
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$675,000.00
Projected Expenses
$670,000.00
Organizational Budgets and Other Documents
| Budget 24-25 | 2025 |
| Budget 23-24 | 2024 |
| Budget Projections 22-23 | 2023 |
| Budget 2021-22 | 2022 |
| Budget 20 - 21 | 2021 |
| Budget 2019 - 20 | 2020 |
| Budget 2018-19 | 2019 |
| Budget Projections 17-18 | 2018 |
| Projections | 2017 |
| Budget Projections | 2016 |
| southern word 2015 budget | 2015 |
| southern word 2014 budget | 2014 |
| southern word 2013 budget | 2013 |
| southern word 2012 budget | 2012 |
| youth speaks 2011 budget | 2011 |
| youth speaks 2010 budget | 2010 |
IRS Letter of Exemption
| Southern Word IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $703,424.00 | $561,963.00 | |
| Total Expenses | $675,100.00 | $567,680.00 | |
| Revenue Less Expenses | ($-0.00) | $28,324.00 | ($5,717.00) |
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 | $46,500.00 | |
| Government - Local | $0.00 | $113,776.00 | |
| Government - Unspecified | $277,688.00 | $69,767.00 | |
| Contributions, Gifts, and Grants | $0.00 | $0.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $425,736.00 | $331,920.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $507,156.00 | $384,844.00 | |
| Administration Expense | $153,199.00 | $162,317.00 | |
| Fundraising Expense | $14,745.00 | $20,519.00 | |
| Total Revenue/Total Expenses | 104% | 99% | |
| Program Expense/Total Expenses | 75% | 68% | |
| Fundraising Expense/Contributed Revenue | 2% | 4% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenues $425,736.00 | Program Revenue $331,920.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $277,688.00 | Local Government Grants $113,776.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | Government Grants $69,767.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $267,251.00 | $214,096.00 | |
| Current Assets | $226,634.00 | $200,016.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $62,810.00 | $37,979.00 | |
| Total Net Assets | $204,441.00 | $176,117.00 |
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
| 2023 Audit Report | 2023 |
| 2022 Audit Report | 2022 |
| 2021 Audit Report | 2021 |
| 2020 Audit Report | 2020 |
| 2019 Audit Report | 2019 |
| 2018 Audit Report | 2018 |
| 2017 Audit Report | 2017 |
| 2016 Audit Report | 2016 |
| Audit '15 | 2015 |
| Actuals 2012 - 2014 | 2014 |
| Actuals 2011 - 2013 | 2013 |
| Actuals 2010 - 2012 | 2012 |
Foundation Staff Comments
| Financial figures are taken from Form 990. In some years, Schedule B removed to protect donor privacy. 990 was prepared by Advanced Tax & Income Services. Comments provided by Nicole Rose 06/18/2024. |
