Moves & Grooves, Inc.
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$727,129.00
Projected Expenses
$621,198.37
Organizational Budgets and Other Documents
IRS Letter of Exemption
| moves and grooves, inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $535,346.00 | $820,045.00 | |
| Total Expenses | $568,604.00 | $516,447.00 | |
| Revenue Less Expenses | ($-0.00) | ($33,258.00) | $303,598.00 |
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 | $386,705.00 | $621,673.00 | |
| Contributions, Gifts, and Grants | $0.00 | $0.00 | |
| Indirect Public Support | $127,209.00 | $0.00 | |
| Earned Revenue | $1,912.00 | $978.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $19,520.00 | $197,345.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $49.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $370,746.00 | $335,146.00 | |
| Administration Expense | $179,184.00 | $181,301.00 | |
| Fundraising Expense | $18,674.00 | $0.00 | |
| Total Revenue/Total Expenses | 94% | 159% | |
| Program Expense/Total Expenses | 65% | 65% | |
| Fundraising Expense/Contributed Revenue | 3% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $386,705.00 | Government Grants $621,673.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Federated Campaigns $127,209.00 | Fundraising Events $197,345.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $19,520.00 | Program Revenue $978.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $342,443.00 | $359,438.00 | |
| Current Assets | $272,723.00 | $304,386.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $5,997.00 | $8,578.00 | |
| Total Net Assets | $336,446.00 | $350,860.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$10,000,000.00
What is the purpose of the capital campaign?
To build Nashville's first Youth Arts and Innovation Center in Antioch, Tennessee
Campaign Start
January 2021
Campaign End
December 2025
Campaign Raised to Date Month
March
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$2,500,000.00
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
| Giving has to be a part of my core as an individual and as a leader. The reward felt from giving my time to an organization that gives back in the form of growing children that becomes successful contributors in their communities is indescribable. Being a member on the board of Moves and Groves allows me those opportunities; to give and to receive. Giving and receiving to a worthy cause does not happen without some hurdles. Moves and Groves is a clear example of giving more than they receive. They are able to overcome the hurdles of not having enough money at times to support the kids in the communities they serve, but still are able to make ends meet every day for the children and for the staff. Although finances have been hurdles at times, these hurdles have given the leader of Moves and Grooves, Emerald Mitchell, the motivation to continue to work harder for the children that attend their programs. Their challenges are met with successes as we see children grow and see their dreams come true through dance and physical expression which is not often accomplished in public school systems these days. Every life touched by Moves and Grooves is a success story to their family and to their community. I couldn't be more proud to serve as a board member of Moves and Groves and help in any capacity possible. This organization feeds my passion for community service and help kids and families that otherwise might not have these opportunities had it not been for Moves and Grooves. However, 2013-2014 has been our year of growth our budget has nearly doubled and we are able to serve 65 additional students. As we strive to strengthen our community ties and build our afterschool program, we will continue to grow. Moves & Grooves will continue to cultivate close relationships with our communities, businesses and schools as we brings arts-education, and wellness to new heights. ~ Delphine Oliver, Former Board Chair |
Foundation Staff Comments
| Financial details compiled from Form 990. In some years, Schedule B removed. In others, foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 prepared by SPD CPAs. Comments provided by Nicole Rose 09/10/2024. |
