Tennessee Youth Symphony
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$40,000.00
Projected Expenses
$58,000.00
Organizational Budgets and Other Documents
| Budget Overview: 2022-2023 Budget | 2023 |
| Fiscal YTD Statement | 2022 |
| 2021-2022 Budget | 2022 |
| 2020-2021 Budget | 2021 |
| 2019-2020 Budget | 2020 |
| 2018-2019 Budget | 2019 |
| 2017-2018 Working Budget | 2018 |
| 2016-2017 Budget | 2017 |
| DRAFT - 2015-2016 budget | 2016 |
| WCYO 2014-2015 Budget | 2015 |
| WCYO Budget 2012-2013 | 2013 |
| WCYO Budget 2011-2012 | 2012 |
| WCYO Budget 2010-2011 | 2011 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $64,875.00 | $49,379.00 | $35,848.00 |
| Total Expenses | $50,111.00 | $44,460.00 | $38,752.00 |
| Revenue Less Expenses | $14,764.00 | $4,919.00 | ($2,904.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $29,453.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $3,306.00 | $15,940.00 | $12,248.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $31,373.00 | $32,829.00 | $23,783.00 |
| Investment Income, Net of Losses | $24.00 | $5.00 | $5.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $719.00 | $605.00 | $-188.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $43,857.00 | $27,782.00 | $27,023.00 |
| Administration Expense | $6,254.00 | $16,678.00 | $11,729.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 129% | 111% | 93% |
| Program Expense/Total Expenses | 88% | 62% | 70% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $31,373.00 | Program Revenue $32,829.00 | Program Revenue $23,783.00 |
| Second Highest Funding Source & Dollar Amount | Foundation and Corporations $29,453.00 | Contributions, Gifts, and Grants $15,940.00 | Contributions, Gifts, and Grants $12,248.00 |
| Third Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $3,306.00 | Fundraising Events $605.00 | Investment Income $5.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $55,786.00 | $41,022.00 | $36,103.00 |
| Current Assets | $54,172.00 | $36,910.00 | $32,483.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $55,786.00 | $41,022.00 | $36,103.00 |
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
2023
Form 990s
Audit Documents
| Profit and Loss | 2021 |
| Profit and Loss | 2020 |
| Profit and Loss | 2019 |
| Profit and Loss calendar year | 2018 |
| Profit and Loss | 2017 |
| Profit and Loss | 2016 |
| Profit and Loss | 2015 |
CEO/Executive Director/Board Comments
| We continue to have a growing need for part-time support staff, however we are limited by funding and have been unable to hire such. Beginning in 2014 the Board of Directors hired, for the first time, accounting support. This accounting support, in addition to helping us ensure financial security, has helped us to keep or financial reporting clean and precise, however, the financial cost was a tremendous burden on the organization. Beginning the 2019-2020 fiscal year we have changed to twice yearly accounting reviews which maintain our quality level of financial reports but without the cost of monthly reviews. |
Foundation Staff Comments
| Financial figures taken from the 990EZ. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990EZ. Form 990EZ was prepared by Millman CPA Strategic Solutions, PC. Comments provided by Hayley Sulfridge 2/13/24 |
