100 Black Men of Middle Tennessee
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$835,125.00
Projected Expenses
$829,115.00
Organizational Budgets and Other Documents
| Operating Budget | 2024 |
| 2023 Approved Operating Budget | 2023 |
| 2022 Approved Budget | 2022 |
| 2021 Approved Budget | 2021 |
| 2020 Approved Budget | 2020 |
| 2019 Approved Budget | 2019 |
| 2018 Approved Budget | 2018 |
| 2017 Approved Budget | 2017 |
| 2016 Approved Budget | 2016 |
| 2015 Approved Budget | 2015 |
IRS Letter of Exemption
| 100 Blk, Men of Middle Tennessee | 2023 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $720,716.00 | $399,671.00 | $520,863.00 |
| Total Expenses | $696,160.00 | $463,470.00 | $363,191.00 |
| Revenue Less Expenses | $24,556.00 | ($63,799.00) | $157,672.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $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 | $495,456.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $3,007.00 | $243,776.00 | $338,735.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $4,912.00 | $124.00 | $192.00 |
| Membership Dues | $23,700.00 | $12,363.00 | $23,520.00 |
| Special Events | $193,641.00 | $143,408.00 | $129,996.00 |
| Revenue In-Kind | $0.00 | $0.00 | $3,420.00 |
| Other | $0.00 | $0.00 | $25,000.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $299,523.00 | $243,936.00 | $229,271.00 |
| Administration Expense | $101,228.00 | $76,787.00 | $71,273.00 |
| Fundraising Expense | $295,409.00 | $142,747.00 | $62,647.00 |
| Total Revenue/Total Expenses | 104% | 86% | 143% |
| Program Expense/Total Expenses | 43% | 53% | 63% |
| Fundraising Expense/Contributed Revenue | 42% | 31% | 17% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $495,456.00 | Contributions, Gifts, and Grants $243,776.00 | Contributions, Gifts, Grants $338,735.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $193,641.00 | Fundraising Events $143,408.00 | Fundraising Events $129,996.00 |
| Third Highest Funding Source & Dollar Amount | Membership Dues $23,700.00 | Membership Dues $12,363.00 | Other Revenue $25,000.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $584,806.00 | $570,924.00 | $606,057.00 |
| Current Assets | $555,221.00 | $541,508.00 | $575,004.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $2,400.00 | $4,651.00 | $2,406.00 |
| Total Net Assets | $582,406.00 | $566,273.00 | $603,650.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$29,762.46
What is the spending policy for your endowment?
Income plus capital appreciation
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
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
| 2023 990 | 2023 |
| 990 Part 1 | 2022 |
| 990 Part 2 Schedules | 2022 |
| 2021 990 | 2021 |
| 2021 990 | 2021 |
| 2020 990 | 2020 |
| 2019 990 | 2019 |
| 2018 990 | 2018 |
| 2017 990 | 2017 |
| 2016 990 | 2016 |
| 2015 990 | 2015 |
| 2014 990 | 2014 |
| 100 Black Men of Middle TN 2013 990 | 2013 |
| 100 Black Men of Middle TN 2012 990 | 2012 |
| 100 Black Men of Middle TN 2011 990 | 2011 |
| Form 990 | 2010 |
| 100 black men of middle tennessee 2009 990 | 2009 |
| 100 black men of middle tennessee 2008 990 | 2008 |
| 100 black men of middle tennessee 2007 990 | 2007 |
| 100 black men of middle tennessee 2006 990 | 2006 |
| 100 black men of middle tennessee 2005 990 | 2005 |
| 100 black men of middle tennessee 2004 990 | 2004 |
| 100 black men of middle tennessee 2003 990 | 2003 |
Audit Documents
CEO/Executive Director/Board Comments
| One of the objectives of this organization is to always strive to ensure our supporters that a dollar given to the 100 Black Men of Middle Tennessee means a dollar that directly supports our youth. As a part of the membership criteria, each member gives $5,000 to the organization, which is invested and saved in a savings vehicle for future scholarships. For the first time since 2005, the organization made a profit in 2014 and those funds were placed in savings for future college scholarships for our current 100 KINGS. We are looking for additional fundraising opportunities to grow our scholarship fund which as of January 2021 has exceeded $1 million in paid scholarships to our graduating KINGS scholars. We operate a lean, fiscally sound non-profit, and look to grow the organization in order to provide programmatic efforts to more young black males in our community. |
Foundation Staff Comments
| Financial figures taken from the IRS Form 990. Financial documents completed by Dimeta Smith CPA, LLC. In some years, Schedule B removed to protect donor privacy. Comments provided by Nicole Rose 09/04/2024. |
