The Contributor Inc.
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,005,000.00
Projected Expenses
$1,005,000.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| The Contributor Inc. IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,249,483.00 | $820,615.00 | $433,409.00 |
| Total Expenses | $1,021,739.00 | $756,655.00 | $416,827.00 |
| Revenue Less Expenses | $227,744.00 | $63,960.00 | $16,582.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $94,664.00 | $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 | $705,160.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $484,182.00 | $664,195.00 | $367,268.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $60,141.00 | $61,756.00 | $66,141.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $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 | $919,038.00 | $680,160.00 | $350,621.00 |
| Administration Expense | $89,086.00 | $63,147.00 | $49,939.00 |
| Fundraising Expense | $13,615.00 | $13,348.00 | $16,267.00 |
| Total Revenue/Total Expenses | 122% | 108% | 104% |
| Program Expense/Total Expenses | 90% | 90% | 84% |
| Fundraising Expense/Contributed Revenue | 1% | 2% | 4% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $705,160.00 | Contributions, Gifts, and Grants $664,195.00 | Contributions, Gifts and Grants $367,268.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $484,182.00 | Foundations and Corporations $94,664.00 | Program Revenue $66,141.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $60,141.00 | Program Revenue $61,756.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $762,462.00 | $300,877.00 | $234,076.00 |
| Current Assets | $755,211.00 | $292,171.00 | $228,556.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $2,708.00 | $6,068.00 | $5,165.00 |
| Total Net Assets | $759,754.00 | $294,809.00 | $228,911.00 |
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
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Under new leadership, we have undergone careful, intentional growth in 2019. Not only have we expanded the wrap-around services offered to our vendors in a direct response to their most crucial needs, we have also begun to add staff to our payroll and build up our cash reserves. The latter has allowed us to be prepared to respond to unforeseen events, such as the recent tornado and the COVID-19 virus impact that hit many Contributor vendors hard. However, it is important to note that this has not resulted in a reduction in programmatic spending for our vendor force. In fact, more of our money is going to programs this year than to administrative costs. We are poised to continue to respond to the pandemic as we have a cash reserve and low flexible overhead. Putting income in our vendors pockets and directly giving them financial assistance in this time of chaos is the number one priority. |
Foundation Staff Comments
| Financial figures taken from the 990. Schedule B removed to protect donor privacy. In some years, noncash contributions are not included in total revenue. 990 prepared by Cubepros LLC. Comments provided by Hayley Sulfridge 9/25/23. |
