Fisk University
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
| FY2023 Budget | 2023 |
| Budget | 2022 |
| FY21 Budget | 2021 |
| Fisk University Projected Budget | 2020 |
| Fisk University Budget | 2019 |
| Fisk University Projected Budget | 2018 |
IRS Letter of Exemption
| Fisk University - IRS Leter of Tax Exempt Status |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $58,504,715.00 | $54,477,071.00 | |
| Total Expenses | $48,452,507.00 | $42,507,733.00 | |
| Revenue Less Expenses | ($-0.00) | $10,052,208.00 | $11,969,338.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $10,441,422.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $14,569,723.00 | $9,403,081.00 | |
| Contributions, Gifts, and Grants | $11,950,059.00 | $8,891,117.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $22,005,176.00 | $20,004,101.00 | |
| Investment Income, Net of Losses | $1,379,216.00 | $1,636,511.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $8,600,541.00 | $4,100,839.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $33,384,501.00 | $26,563,259.00 | |
| Administration Expense | $13,664,714.00 | $14,780,220.00 | |
| Fundraising Expense | $1,403,292.00 | $1,164,254.00 | |
| Total Revenue/Total Expenses | 121% | 128% | |
| Program Expense/Total Expenses | 69% | 62% | |
| Fundraising Expense/Contributed Revenue | 3% | 3% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $22,005,176.00 | Program Revenue $20,004,101.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Government Grants $14,569,723.00 | Foundation and Corporations $10,441,422.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $11,950,059.00 | Government Grants $9,403,081.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $181,684,993.00 | $175,139,464.00 | |
| Current Assets | $38,799,540.00 | $35,311,689.00 | |
| Long-Term Liabilities | $12,455,168.00 | $15,516,305.00 | |
| Current Liabilities | $6,017,702.00 | $3,712,072.00 | |
| Total Net Assets | $163,212,123.00 | $155,911,087.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$19,182,065.00
What is the spending policy for your endowment?
N/A
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
Exempt
Form 990s
Audit Documents
Foundation Staff Comments
| Financials taken from the 990 which reconciles to the audit. Financial documents completed by Crosslin, PLLC. Schedule B removed to protect donor privacy. Comments provided by Hayley Sulfridge 5/16/23. |
