Junior League of Nashville
Fiscal Year
Fiscal Year Start
06/01/2023
Fiscal Year End
05/31/2024
Projected Revenue
$485,954.00
Projected Expenses
$613,191.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| junior league of nashville irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $922,640.00 | $922,640.00 | $570,478.00 |
| Total Expenses | $2,409,397.00 | $2,409,397.00 | $699,027.00 |
| Revenue Less Expenses | ($1,486,757.00) | ($1,486,757.00) | ($128,549.00) |
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 | $0.00 | $0.00 | $31,895.00 |
| Contributions, Gifts, and Grants | $215,234.00 | $218,705.00 | $239,785.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $238,333.00 | $238,763.00 | $234,613.00 |
| Special Events | $32,252.00 | $465,172.00 | $64,185.00 |
| Revenue In-Kind | $7,191.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $475,506.00 | $2,076,639.00 | $620,676.00 |
| Administration Expense | $91,309.00 | $332,758.00 | $78,351.00 |
| Fundraising Expense | $107,580.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 137% | 38% | 82% |
| Program Expense/Total Expenses | 71% | 86% | 89% |
| Fundraising Expense/Contributed Revenue | 16% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Membership Dues $424,501.00 | Fundraising Events $465,172.00 | Contributions, Gifts, and Grants $239,785.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $238,333.00 | Membership Dues $238,763.00 | Membership Dues $234,613.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $32,252.00 | Contributions, Gifts, Grants $218,705.00 | Fundraising Events $64,185.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $21,412,048.00 | $22,447,402.00 | $22,447,402.00 |
| Current Assets | $875,613.00 | $678,002.00 | $678,002.00 |
| Long-Term Liabilities | $1,381,397.00 | $191,928.00 | $191,928.00 |
| Current Liabilities | $405,859.00 | $416,866.00 | $416,866.00 |
| Total Net Assets | $19,624,792.00 | $21,838,608.00 | $21,838,608.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$5,321,495.00
What is the spending policy for your endowment?
Income Only
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
November
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| JLN has restricted trust accounts for the benefit of the community. While investments guarantee a revenue stream for consistent community giving, all other revenues for community projects, volunteer training, and administration are earned through dues, fundraisers, and appeals each year. Traditionally, JLN makes a major multi-year commitment to a community nonprofit funded through our restricted trust; in 2012 a gift of 1.5 million dollars was pledged to be paid over five years to Monroe Carell Jr. Children's Hospital at Vanderbilt to create the Junior League Sickle Cell and Asthma Program. In 2015, a new gift of 1.5 million dollars was pledged to Monroe Carell for the Department of Child Life. In 2022, a gift of 1.5 million was pledged to Monroe Carell to help fund a pediatric rehab facility and a directorship for the facility. Our gifts to the community exceed the cash value: the essential work of JLN volunteers is a gift to the community, both in the form of hands-on service projects and leadership in other community forums. According to the IRS, this gift of time cannot be valued or recorded. Valuing the hours of volunteer time each year would significantly increase the stated value of our gifts to the community. |
Foundation Staff Comments
| Financial figures are taken from audit. Foundations & Corporations are included with Individual Contributions. Documents prepared by Cherry Beckaert, LLP. Comment provided by Hayley Sulfridge 1/29/24. |
