The Branch of Nashville
Fiscal Year
Fiscal Year Start
01/01/2024
Fiscal Year End
12/31/2024
Projected Revenue
$2,745,350.00
Projected Expenses
$2,745,344.00
Organizational Budgets and Other Documents
| 2024 Budget | 2024 |
| 2023 Budget | 2023 |
| 2022 Budget | 2022 |
| 2021 Budget | 2021 |
| 2020 Budget | 2020 |
| 2020 Mid-year Revised Budget | 2020 |
| 2019 Budget | 2019 |
| 2018 Budget | 2018 |
| 2017 Budget | 2017 |
| 2016 Budget | 2016 |
| 2015 Budget | 2015 |
IRS Letter of Exemption
| The Branch of Nashville IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,524,866.00 | $3,083,923.00 | $3,199,384.00 |
| Total Expenses | $2,666,811.00 | $2,872,565.00 | $3,020,447.00 |
| Revenue Less Expenses | ($141,945.00) | $211,358.00 | $178,937.00 |
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 | $81,113.00 |
| Contributions, Gifts, and Grants | $405,356.00 | $695,316.00 | $379,137.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $37,604.00 | $46,664.00 | $51,330.00 |
| Investment Income, Net of Losses | $6,910.00 | $38.00 | $122.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $136,106.00 | $30,208.00 | $0.00 |
| Revenue In-Kind | $1,938,890.00 | $2,311,702.00 | $2,686,941.00 |
| Other | $0.00 | $0.00 | $741.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $2,437,228.00 | $2,739,133.00 | $2,906,083.00 |
| Administration Expense | $141,880.00 | $108,543.00 | $82,085.00 |
| Fundraising Expense | $87,703.00 | $24,889.00 | $32,279.00 |
| Total Revenue/Total Expenses | 95% | 107% | 106% |
| Program Expense/Total Expenses | 91% | 95% | 96% |
| Fundraising Expense/Contributed Revenue | 3% | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Noncash Contributions $1,938,890.00 | Noncash Contributions $2,311,702.00 | Noncash Contributions $2,686,941.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $405,356.00 | Contributions, Gifts, and Grants $695,316.00 | Contributions, Gifts, and Grants $379,137.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $136,106.00 | Program Revenue $46,664.00 | Government Grants $81,113.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $469,232.00 | $608,394.00 | $399,269.00 |
| Current Assets | $386,014.00 | $526,451.00 | $347,199.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $2,783.00 | $0.00 | $2,238.00 |
| Total Net Assets | $466,449.00 | $608,394.00 | $397,031.00 |
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
| 2023 Form 990 | 2023 |
| 2022 Form 990 | 2022 |
| 2021 Form 990 | 2021 |
| Form 990 with signature | 2021 |
| 2020 Form 990 TBN | 2020 |
| 2019 Form 990 | 2019 |
| 2018 Form 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 EZ | 2016 |
| 2015 Form 990EZ | 2015 |
| 2014 Form 990EZ | 2014 |
Audit Documents
CEO/Executive Director/Board Comments
| There are challenges in our current location as we fit a pantry and ESL classes into a gymnasium that also supports a youth program. We are open to creative solutions for our space needs. Monthly, individual, and corporate funding will allow us to continue the important relief work we are doing in our food assistance program and long term solutions that are provided by teaching English to adult learners. These are both equally important yet addressing different needs. Fresh Solutions is our forward-thinking new approach to doing better. Fresh Solutions recognizes that it takes more than food, and that long term sustainability for individuals comes by digging deep and addressing root issues that may keep barriers in place. This new approach goes alongside our current services and looks ahead to better opportunities and pathways. We need partners who will join us in this effort to create access to systems that help everyone thrive. |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Kraft CPAs, PLLC. Comments by Nicole Rose 07/31/2024. |
