Tennessee Higher Education Initiative, Inc.
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$3,510,000.00
Projected Expenses
$3,339,260.00
Organizational Budgets and Other Documents
| THEI Budget FY25 | 2025 |
| THEI Budget FY24 | 2024 |
| THEI Budget FY23 | 2023 |
| THEI Budget FY22 | 2022 |
| THEI Budget FY21 | 2021 |
| THEI Budget 19/20 | 2020 |
| THEI Budget 18/19 | 2019 |
| THEI Budget FY 17/18 | 2018 |
| THEI Projected Budget FY16-17 | 2017 |
| THEI Projected Budget FY15-16b | 2016 |
| THEI Projected Budget FY14-15 | 2015 |
| Tennessee Higher Education Initiative 2013 budget | 2013 |
IRS Letter of Exemption
| Tennessee Higher Education Initiative IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $1,218,262.00 | $885,125.00 | |
| Total Expenses | $1,298,455.00 | $1,087,772.00 | |
| Revenue Less Expenses | ($-0.00) | ($80,193.00) | ($202,647.00) |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Foundation and Corporation Contributions | $750,137.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $23,613.00 | $603,959.00 | |
| Contributions, Gifts, and Grants | $399,960.00 | $281,166.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $0.00 | $0.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $44,552.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $892,281.00 | $759,232.00 | |
| Administration Expense | $406,174.00 | $328,540.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 94% | 81% | |
| Program Expense/Total Expenses | 69% | 70% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Foundation and Corporations $750,137.00 | Government Grants $603,959.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $399,960.00 | Contributions, Gifts, and Grants $281,166.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $44,552.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $17,306.00 | $59,602.00 | |
| Current Assets | $10,928.00 | $50,350.00 | |
| Long-Term Liabilities | $25,000.00 | $0.00 | |
| Current Liabilities | $23,682.00 | $10,785.00 | |
| Total Net Assets | $-31,376.00 | $48,817.00 |
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Form 990s
| From 990 2022-2023 | 2023 |
| Form 990 2021-2022 | 2022 |
| Form 990 2020-2021 | 2021 |
| Form 990 2019-2020 | 2020 |
| Form 990 2018-2019 | 2019 |
| Form 990 2017-2018 | 2018 |
| Form 990 2016-2017 | 2017 |
| Form 990EZ 2015-2016 | 2016 |
| Form 990EZ 2014-2015 | 2015 |
| Form 990EZ - 2014 short form | 2014 |
| 990N E-Filing Receipt | 2013 |
| 990N E-filing Receipt | 2012 |
Audit Documents
| 2023 Audit | 2023 |
| 2022 Audit | 2022 |
| 2021 Audit Paperwork | 2021 |
| ennessee Higher Education Initiative Inc_Issued Financial Statements | 2020 |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in the Contributions, Gifts, and Grants category as these amounts are not separated in Form 990. Form 990 was prepared by John P. Young, CPA. Comments provided by Hayley Sulfridge 6/5/24. |
