Urban League of Middle Tennessee
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$2,750,000.00
Projected Expenses
$2,573,000.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| urban league of middle tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $2,762,516.00 | $1,476,248.00 | |
| Total Expenses | $2,644,407.00 | $1,431,010.00 | |
| Revenue Less Expenses | ($-0.00) | $118,109.00 | $45,238.00 |
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 | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $2,162,874.00 | $812,851.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $74,923.00 | $0.00 | |
| Membership Dues | $28,190.00 | $67,104.00 | |
| Special Events | $482,220.00 | $483,238.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $14,309.00 | $113,055.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $1,704,502.00 | $792,880.00 | |
| Administration Expense | $776,611.00 | $531,661.00 | |
| Fundraising Expense | $163,294.00 | $106,469.00 | |
| Total Revenue/Total Expenses | 104% | 103% | |
| Program Expense/Total Expenses | 64% | 55% | |
| Fundraising Expense/Contributed Revenue | 6% | 7% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $2,162,874.00 | Contributions, Gifts, and Grants $812,851.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $482,220.00 | Fundraising Events $483,238.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $74,923.00 | Other Revenue $113,055.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $6,617,743.00 | $5,962,009.00 | |
| Current Assets | $6,588,500.00 | $5,945,095.00 | |
| Long-Term Liabilities | $182,719.00 | $188,325.00 | |
| Current Liabilities | $6,157,006.00 | $5,613,775.00 | |
| Total Net Assets | $278,018.00 | $159,909.00 |
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
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Building Better Lives by Empowering Communities and Changing Lives has been and continues to be the work and mission of the Urban League of Middle Tennessee. For the past 56 years, the Urban League has ensured that residents of Middle Tennessee have the opportunity to reach their full potential as contributing members of our community. We've accomplished this by offering an extensive range of economic, social and development services to a diverse group of Tennesseans in our nine-county service area of Cheatham, Nashville/Davidson, Dickson, Montgomery, Robertson, Rutherford, Sumner, Williamson and Wilson. As the needs of the communities and citizens we serve have continued to grow and evolve, the need for an adequate investment of resources continues to challenge our organization. We have been fortunate in recent years to receive restrictive funding from sources primarily focused on workforce and economic development, however our programs and services targeting other parts of our mission including health and quality of life, youth and education, social justice and civic engagement, and organizational operations continue to be challenged financially. |
Foundation Staff Comments
| Financial figures are taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents prepared by Hoskins & Company, PC. Comments provided by Hayley Sulfridge 6/12/24. |
