Arthritis Foundation Inc
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$43,491,000.00
Projected Expenses
$48,250,000.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $59,471,904.00 | $65,224,961.00 | $63,783,937.00 |
| Total Expenses | $54,344,560.00 | $51,477,288.00 | $61,047,174.00 |
| Revenue Less Expenses | $5,127,344.00 | $13,747,673.00 | $2,736,763.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $208,166.00 | $202,099.00 | $5,447,679.00 |
| Contributions, Gifts, and Grants | $41,029,034.00 | $41,836,876.00 | $39,484,464.00 |
| Indirect Public Support | $453,736.00 | $481,715.00 | $474,117.00 |
| Earned Revenue | $1,581,692.00 | $3,301,942.00 | $2,779,626.00 |
| Investment Income, Net of Losses | $7,008,011.00 | $9,539,959.00 | $6,688,840.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $-2,393,330.00 | $9,751,196.00 | $923,177.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $125,483.00 | $111,174.00 | $2,544,560.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $42,093,169.00 | $40,979,773.00 | $3,542,510.00 |
| Administration Expense | $5,572,186.00 | $4,825,768.00 | $0.00 |
| Fundraising Expense | $6,679,205.00 | $5,671,747.00 | $1,377,643.00 |
| Total Revenue/Total Expenses | 109% | 127% | 1,296% |
| Program Expense/Total Expenses | 77% | 80% | 72% |
| Fundraising Expense/Contributed Revenue | 12% | 11% | 28% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $41,029,034.00 | Contributions, Gifts, Grants $41,836,876.00 | Contributions, Gifts, Grants $39,484,464.00 |
| Second Highest Funding Source & Dollar Amount | Investment Income $7,008,011.00 | Fundraising Events $9,751,196.00 | Interest Income $6,688,840.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $1,581,692.00 | Investment Income $9,539,959.00 | Government Grants $5,447,679.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $200,280,337.00 | $219,924,122.00 | $192,849,128.00 |
| Current Assets | $25,126,775.00 | $43,065,997.00 | $41,971,203.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $32,937,856.00 | $28,830,224.00 | $26,383,649.00 |
| Total Net Assets | $167,342,481.00 | $191,093,898.00 | $166,465,479.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$50,926,991.24
What is the spending policy for your endowment?
Percentage
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
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The Arthritis Foundation board of directors voted in November 2015 to implement a unified organizational structure. A new market delivery model increases synergy across a nation-wide network of staff and volunteers, reduces redundancies and maximizes efficiency. The new model also amplifies the Arthritis Foundation brand, which will enable the organization to grow revenue and reach more people with arthritis. In addition, this realignment of resources increases our ability to deliver services in local markets. One outcome of this unification is that assets and liabilities are no longer assigned on a local level - the national organization ensures all liabilities are met. Local financial reporting and analysis will focus on controllable revenue: special event revenue (and expenses;) direct personal contributions; foundation giving; and corporate giving. |
Foundation Staff Comments
| Beginning in 2014, financial data taken from the NATIONAL 990. 990 completed by BDO USA, LLP. Foundation and Corporate Grants are included with Individual Contributions, as amounts are not separated in 990. Comments provided by Paige Dempsey 12/6/2019. **2009 shows an end-of-year sum of '0' for assets, liabilities and fund balances because the Arthritis Foundation Tennessee Chapter was dissolved as of 12/31/09 and therefore no longer held assets, liabilities, etc. The chapter simultaneously merged (assets/liabilities/etc.) into the Arthritis Foundation Southeast Region, a new corporation. The jump in revenues and expenses from 2009 to 2010 is a result of this merger.** 2019 and 2020 financial figures taken from Form 990. Form 990 was prepared by BDO USA, LLP. Comments provided by Hayley Sulfridge 11/30/23. |
