Cumberland River Compact
Fiscal Year
Fiscal Year Start
04/01/2023
Fiscal Year End
03/31/2024
Projected Revenue
$6,156,450.00
Projected Expenses
$5,775,393.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| cumberland river compact inc 501c3 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $4,641,338.00 | $3,153,928.00 | $2,341,142.00 |
| Total Expenses | $4,268,990.00 | $3,192,286.00 | $1,669,444.00 |
| Revenue Less Expenses | $372,348.00 | ($38,358.00) | $671,698.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $272,645.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $230,085.00 | $0.00 |
| Government - Local | $0.00 | $106,250.00 | $0.00 |
| Government - Unspecified | $122,807.00 | $0.00 | $295,819.00 |
| Contributions, Gifts, and Grants | $599,096.00 | $264,558.00 | $1,470,907.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $3,462,062.00 | $2,189,591.00 | $531,441.00 |
| Investment Income, Net of Losses | $473,154.00 | $33,309.00 | $37,043.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $-16,982.00 | $18,790.00 | $2,500.00 |
| Revenue In-Kind | $1,201.00 | $38,700.00 | $3,432.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $3,710,622.00 | $2,771,894.00 | $1,294,907.00 |
| Administration Expense | $486,609.00 | $343,394.00 | $359,186.00 |
| Fundraising Expense | $71,759.00 | $76,998.00 | $15,351.00 |
| Total Revenue/Total Expenses | 109% | 99% | 140% |
| Program Expense/Total Expenses | 87% | 87% | 78% |
| Fundraising Expense/Contributed Revenue | 2% | 2% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $3,462,062.00 | Program Revenue $2,189,591.00 | Contributions, Gifts, and Grants $1,470,907.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $599,096.00 | Foundation and Corporations $272,645.00 | Program Revenue $531,441.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $473,154.00 | Contributions, Gifts, and Grants $264,558.00 | Government Grants $295,819.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $34,799,161.00 | $19,056,025.00 | $18,002,264.00 |
| Current Assets | $34,479,930.00 | $18,946,437.00 | $17,831,883.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $31,795,377.00 | $16,424,589.00 | $15,332,470.00 |
| Total Net Assets | $3,003,784.00 | $2,631,436.00 | $2,669,794.00 |
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
September
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
Foundation Staff Comments
| Financials taken from 990. Financials prepared by Puryear & Noonan, CPAs. Comment provided by Hayley Sulfridge 1/4/24. |
