A Step Ahead Foundation of Middle Tennessee Inc.
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$1,308,000.00
Projected Expenses
$1,304,300.00
Organizational Budgets and Other Documents
| 2024 Budget | 2024 |
| 2023 Budget | 2023 |
| 2022 Budget | 2022 |
| 2021 Budget | 2021 |
| 2020 Budget | 2020 |
| 2019 Budget | 2019 |
IRS Letter of Exemption
| A Step Ahead Foundation IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $1,221,268.00 | $1,146,062.00 | $645,760.00 |
| Total Expenses | $1,034,004.00 | $1,035,440.00 | $469,689.00 |
| Revenue Less Expenses | $187,264.00 | $110,622.00 | $176,071.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $15,000.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $380,220.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $796,655.00 | $934,521.00 | $98,350.00 |
| Contributions, Gifts, and Grants | $219,840.00 | $167,633.00 | $151,868.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $8,912.00 | $1,884.00 | $322.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $35,358.00 | $40,974.00 | $0.00 |
| Revenue In-Kind | $158,640.00 | $1,050.00 | $0.00 |
| Other | $2,313.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $869,604.00 | $891,590.00 | $387,765.00 |
| Administration Expense | $113,868.00 | $91,967.00 | $51,065.00 |
| Fundraising Expense | $50,532.00 | $51,883.00 | $30,859.00 |
| Total Revenue/Total Expenses | 118% | 111% | 137% |
| Program Expense/Total Expenses | 84% | 86% | 83% |
| Fundraising Expense/Contributed Revenue | 5% | 5% | 7% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $796,655.00 | Government Grants $934,521.00 | State Government Grants $380,220.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $219,840.00 | Contributions, Gifts, and Grants $167,633.00 | Contributions, Gifts, and Grants $151,868.00 |
| Third Highest Funding Source & Dollar Amount | Noncash Contributions $158,640.00 | Fundraising Events $40,974.00 | Government Grants $98,350.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $734,867.00 | $501,313.00 | $15,755.00 |
| Current Assets | $520,188.00 | $496,261.00 | $387,995.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $60,684.00 | $15,903.00 | $15,755.00 |
| Total Net Assets | $674,183.00 | $485,410.00 | $374,788.00 |
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
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| 990 | 2023 |
| 990 | 2022 |
| 990 | 2021 |
| 990 | 2020 |
| 990 | 2019 |
| 990 | 2018 |
| 990 | 2017 |
| 990 | 2016 |
| 990 | 2015 |
Audit Documents
| A Step Ahead Single Audit | 2023 |
| A Step Ahead Single Audit | 2022 |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared by Blankenship CPA Group, PLLC. Comment provided by Hayley Sulfridge 6/14/24. |
