Autism Foundation of Tennessee
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$744,085.00
Projected Expenses
$728,212.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| autism foundation of tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $567,654.00 | $421,474.00 | $240,490.00 |
| Total Expenses | $670,857.00 | $442,800.00 | $392,967.00 |
| Revenue Less Expenses | ($103,203.00) | ($21,326.00) | ($152,477.00) |
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 | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $132,363.00 | $101,076.00 | $29,714.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $372,601.00 | $280,192.00 | $158,301.00 |
| Investment Income, Net of Losses | $31,848.00 | $8,726.00 | $39,999.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $21,032.00 | $31,480.00 | $12,476.00 |
| Revenue In-Kind | $30,842.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $564,755.00 | $370,091.00 | $314,877.00 |
| Administration Expense | $106,102.00 | $72,709.00 | $78,090.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 85% | 95% | 61% |
| Program Expense/Total Expenses | 84% | 84% | 80% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $372,601.00 | Contributions, Gifts, and Grants $280,192.00 | Program Revenue $158,301.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $132,363.00 | Contributions, Gifts, and Grants $101,076.00 | Interest Income $39,999.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $31,848.00 | Fundraising Events $31,480.00 | Contributions, Gifts, Grants $29,714.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $643,357.00 | $685,181.00 | $813,359.00 |
| Current Assets | $66,904.00 | $87,396.00 | $105,733.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $15,667.00 | $7,746.00 | $4,900.00 |
| Total Net Assets | $627,690.00 | $677,435.00 | $808,459.00 |
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
June
Permit Expiration Year
2025
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Like any nonprofit service organization, we have relied very heavily on revenue generated from payment for services by insurance companies to cover the cost of operations. Very few families can afford to pay for services if they do not have insurance or if their insurance company will not pay for services related to autism. The cost of providing behavioral therapy is driven by high personnel costs due to the salaries commanded by professionals in these fields. The agency has obtained its goal of operating on a balanced budget and becoming debt free. This was achieved by implementing various strategies, primary of which is by diversifying its sources of income. Emphasis is being placed on increasing revenue from two additional sources: fundraisers and grants. A second strategy has been to decrease personnel costs by employing fewer full-time employees and increasing the number of part-time employees. Income from payment from insurance companies continues to be a moving target for those providing services for children with autism as we have to work to negotiate reimbursement rates for insurance companies. |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared by Maggart & Associates, P.C, No audits were performed in 2020 and 2021. Schedule B removed to protect donor privacy. Comments provided by Hayley Sulfridge 9/10/24. |
