Nashville Rescue Mission
Fiscal Year
Fiscal Year Start
10/01/2023
Fiscal Year End
09/30/2024
Projected Revenue
$12,992,215.00
Projected Expenses
$13,696,766.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Nashville Rescue Mission IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $18,203,087.00 | $20,187,859.00 | $26,418,425.00 |
| Total Expenses | $29,234,370.00 | $16,116,034.00 | $15,327,743.00 |
| Revenue Less Expenses | ($11,031,283.00) | $4,071,825.00 | $11,090,682.00 |
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 | $1,040,204.00 |
| Contributions, Gifts, and Grants | $13,372,729.00 | $16,218,145.00 | $21,662,444.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $5,348.00 | $-3,342.00 | $-2,820,181.00 |
| Investment Income, Net of Losses | $308,487.00 | $82,754.00 | $65,359.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $473,791.00 | $601,352.00 | $457,332.00 |
| Revenue In-Kind | $4,030,326.00 | $3,286,506.00 | $6,004,592.00 |
| Other | $12,406.00 | $2,444.00 | $8,675.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,164,880.00 | $11,756,125.00 | $11,295,291.00 |
| Administration Expense | $1,293,349.00 | $1,374,993.00 | $1,345,054.00 |
| Fundraising Expense | $24,776,141.00 | $2,984,916.00 | $2,687,398.00 |
| Total Revenue/Total Expenses | 62% | 125% | 172% |
| Program Expense/Total Expenses | 11% | 73% | 74% |
| Fundraising Expense/Contributed Revenue | 85% | 19% | 18% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $13,372,729.00 | Contributions, Gifts, and Grants $16,218,145.00 | Contributions, Gifts, Grants $21,662,444.00 |
| Second Highest Funding Source & Dollar Amount | Noncash Contributions $4,030,326.00 | Noncash Contributions $3,286,506.00 | Noncash Contributions $6,004,592.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $473,791.00 | Fundraising Events $601,352.00 | Government Grants $1,040,204.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $27,430,541.00 | $37,816,884.00 | $32,493,993.00 |
| Current Assets | $19,862,531.00 | $21,418,301.00 | $22,934,368.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $2,832,225.00 | $2,112,691.00 | $986,131.00 |
| Total Net Assets | $24,598,316.00 | $35,704,193.00 | $31,507,862.00 |
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
March
Permit Expiration Year
2025
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| As a 501(c)3 organization, Nashville Rescue Mission receives no funds from local, state, or federal government. Our ministry exists because of the need for providing hope, help, and care to the hungry, homeless, addicted, and disenfranchised in our community. We rely on the generosity of faithful donors who give financially, as well as the time and talents of the hundreds of individuals and groups who volunteer at the Mission, to meet the ever growing needs of those seeking help. Nashville is a growing city with new people moving into the area at a rapid pace. The Mission has a unique opportunity to engage newcomers to the area in ways that will help those in need, build community, and enhance our city. This will also provide us with the opportunity to broaden our donor base to meet the growing needs of this community we love. |
Foundation Staff Comments
| Financial figures taken from 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 and Audit reconcile Financial documents were prepared by Cherry Bekaert Advisory, LLC. Comments provided by Nicole Rose 07/17/2024 |
