Homework Hotline
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$312,375.00
Projected Expenses
$312,375.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Homework Hotline 501c3 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $343,973.00 | $283,171.00 | $310,722.00 |
| Total Expenses | $280,428.00 | $272,298.00 | $285,048.00 |
| Revenue Less Expenses | $63,545.00 | $10,873.00 | $25,674.00 |
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 | $58,862.00 | $87,271.00 | $97,836.00 |
| Contributions, Gifts, and Grants | $248,491.00 | $193,257.00 | $209,032.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $3,343.00 | $2,643.00 | $586.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $4,092.00 | $0.00 | $3,268.00 |
| Revenue In-Kind | $29,185.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $213,426.00 | $214,656.00 | $208,789.00 |
| Administration Expense | $52,224.00 | $45,656.00 | $5,919.00 |
| Fundraising Expense | $14,778.00 | $11,986.00 | $16,840.00 |
| Total Revenue/Total Expenses | 123% | 104% | 134% |
| Program Expense/Total Expenses | 76% | 79% | 90% |
| Fundraising Expense/Contributed Revenue | 5% | 4% | 7% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $248,491.00 | Contributions, Gifts, Grants $193,257.00 | Contributions, Gifts, and Grants $209,032.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $58,862.00 | Government Grants $87,271.00 | Government Grants $97,836.00 |
| Third Highest Funding Source & Dollar Amount | Noncash Contributions $29,185.00 | Investment Income $2,643.00 | Fundraising Events $3,268.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $497,153.00 | $458,980.00 | $449,459.00 |
| Current Assets | $335,598.00 | $307,970.00 | $294,345.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $6,769.00 | $2,706.00 | $3,223.00 |
| Total Net Assets | $290,384.00 | $456,274.00 | $446,236.00 |
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
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Metro Nashville Public Schools (MNPS) provide an in-kind gift of $90,000 in stipends to Hotline teachers. These dollars are shown in the budget but are not reflected in the IRS form 990. They are shown in the audit. |
Foundation Staff Comments
| Financial figures taken from 990 and audit. Financials completed by Brown and Maguire CPAs, PLLC. Comments provided by Hayley Sulfridge 12/19/23. |
