Fiscal Year
07/01/2024
06/30/2025
$4,795,217.00
$4,795,217.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| fiftyfoward/senior citizens, inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $6,136,176.00 | $3,692,872.00 | |
| Total Expenses | $5,228,434.00 | $4,855,158.00 | |
| Revenue Less Expenses | ($-0.00) | $907,742.00 | ($1,162,286.00) |
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 | $1,229,519.00 | $0.00 | |
| Contributions, Gifts, and Grants | $3,522,820.00 | $2,381,420.00 | |
| Indirect Public Support | $8,569.00 | $307,218.00 | |
| Earned Revenue | $1,004,747.00 | $662,304.00 | |
| Investment Income, Net of Losses | $8,015.00 | $-234,966.00 | |
| Membership Dues | $0.00 | $113,252.00 | |
| Special Events | $1,172,395.00 | $199,925.00 | |
| Revenue In-Kind | $19,507.00 | $71,453.00 | |
| Other | $175,351.00 | $192,268.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $4,031,687.00 | $3,753,123.00 | |
| Administration Expense | $518,811.00 | $1,102,035.00 | |
| Fundraising Expense | $380,936.00 | $0.00 | |
| Total Revenue/Total Expenses | 124% | 76% | |
| Program Expense/Total Expenses | 82% | 77% | |
| Fundraising Expense/Contributed Revenue | 8% | 0% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $3,522,820.00 | Contributions, Gifts, Grants $2,381,420.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $1,229,519.00 | Program Revenue $662,304.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $1,172,395.00 | Fundraising Events $199,925.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $15,021,830.00 | $16,788,627.00 | |
| Current Assets | $3,097,182.00 | $2,134,557.00 | |
| Long-Term Liabilities | $0.00 | $5,224,956.00 | |
| Current Liabilities | $5,303,131.00 | $175,577.00 | |
| Total Net Assets | $9,718,699.00 | $11,388,094.00 |
Endowment Info
Yes
$2,742,483.00
N/A
Capital Campaign Info
Yes
No
$7,000,000.00
The Bordeaux Collaborative is the construction of a community hub located in the Bordeaux/North Nashville neighborhood in mid-2024. FiftyForward's partner in the Bordeaux Collaborative, Creative Girls Rock, seeks to educate and empower young girls and women to utilize their creative talents to enhance their lives and the world around them. The new center, the first community hub in Bordeaux, will house both FiftyForward and Creative Girls Rock, and will allow the agencies to serve more young people, families, and seniors in one of Nashville's most underserved communities, which is home to approximately 40,000. Connecting seniors, young children, and families to vital resources like mental health support, food access, and more will be at the heart of the Bordeaux Collaborative, directly fulfilling the missions of both FiftyForward and Creative Girls Rock. The new center will feature a flexible space which will include a third set of offices and shared space, designed to offer other local nonprofit agencies and metropolitan social services agencies the opportunity to be on-site weekly, bi-weekly, or monthly to provide essential connections and services to the community.
March 2022
December 2026
June
2024
$4,600,000.00
Solicitation Permit Info
Yes
December
2024
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| As with any nonprofit agency, balancing fundraising efforts and monitoring expenses while maintaining program integrity and producing change for those you serve is an annual challenge. FiftyForward fundraising continues to be ambitious each year as we work to meet the growing needs of the older population, update facilities, and increase and add technology to meet program challenges. The agency's finance and human resource committees and leadership team continue to look at staffing patterns, possible opportunities for outsourcing, and options for redesign when it offers the chance for financial savings. The agency's donors are engaged, and we are fortunate to have many who continue to support FiftyForward because we are good stewards. FiftyForward has tremendous opportunities in the coming decade as the fasting-growing group in our population grows and as we work to address their varied needs. We have a solid foundation and steady and strong board of directors and staff, and we are eager to see how we will meet the challenges ahead. |
Foundation Staff Comments
| Since 2011, financial data gathered from audited financial statements. Financials completed by Blankenship CPA Group, PLLC. Comments provided by Hayley Sulfridge 12/1/23. |
