Equal Chance for Education
615-636-5781
73 White Bridge Road Suite 103 #351
Nashville, TN 37205
Nashville, TN 37205
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$2,298,130.00
Projected Expenses
$2,183,130.00
Organizational Budgets and Other Documents
| 2023-24 Projected Budget | 2024 |
| 2021-2022 budget | 2022 |
| 2021 Budget | 2021 |
| 2020 Budget | 2020 |
| Budget | 2019 |
| Budget | 2018 |
IRS Letter of Exemption
| Equal Chance for Education IRS ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,797,877.00 | $1,649,948.00 | $1,315,306.00 |
| Total Expenses | $1,830,352.00 | $1,627,473.00 | $1,250,591.00 |
| Revenue Less Expenses | ($32,475.00) | $22,475.00 | $64,715.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $950,292.00 | $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 | $1,669,331.00 | $699,297.00 | $1,312,779.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $73.00 | $359.00 | $2,527.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $128,473.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,632,225.00 | $1,529,922.00 | $1,182,720.00 |
| Administration Expense | $94,028.00 | $30,490.00 | $28,810.00 |
| Fundraising Expense | $104,099.00 | $67,061.00 | $39,061.00 |
| Total Revenue/Total Expenses | 98% | 101% | 105% |
| Program Expense/Total Expenses | 89% | 94% | 95% |
| Fundraising Expense/Contributed Revenue | 6% | 4% | 3% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,669,331.00 | Foundations and Corporations $950,292.00 | Contributions, Gifts and Grants $1,312,779.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $128,473.00 | Contributions, Gifts, and Grants $699,297.00 | Investment Income $2,527.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $359.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $309,155.00 | $440,595.00 | $418,120.00 |
| Current Assets | $309,155.00 | $440,595.00 | $418,120.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $162,035.00 | $0.00 | $0.00 |
| Total Net Assets | $147,120.00 | $440,595.00 | $418,120.00 |
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
December
Permit Expiration Year
2023
Form 990s
| 990 | 2022 |
| Form 990 Part I | 2021 |
| Form 990 Part II | 2021 |
| 2021 Form 990 | 2021 |
| 990 | 2020 |
| ECE 990 2018-2019 | 2019 |
| 6 months 2019 990 | 2019 |
| ECE 2017-2018 990 | 2018 |
| ECE 990 2016-2017 | 2017 |
| ECE 990 | 2016 |
| Equal Chance for Education 2015 990EZ | 2015 |
Audit Documents
| audit | 2022 |
| Audited Financials | 2021 |
| Audit FY20 | 2020 |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 prepared by Blankenship CPA Group, PLLC. Schedule B removed to protect donor privacy. Comments provided by Hayley Sulfridge 8/16/23. |
