Nashville Teacher Residency
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$1,263,277.00
Projected Expenses
$1,196,147.00
Organizational Budgets and Other Documents
| NTR Budget (FY24) | 2024 |
| NTR FY23 Approved Budget | 2023 |
| 2018-2022 Budget Projections | 2022 |
| Approved Budget for 2021-2022 | 2021 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,643,273.00 | $1,094,967.00 | $1,134,341.00 |
| Total Expenses | $1,055,930.00 | $978,750.00 | $942,112.00 |
| Revenue Less Expenses | $1,587,343.00 | $116,217.00 | $192,229.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $2,365,000.00 | $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 | $199,603.00 | $116,407.00 |
| Contributions, Gifts, and Grants | $29,120.00 | $679,105.00 | $819,395.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $219,213.00 | $215,741.00 | $197,999.00 |
| Investment Income, Net of Losses | $29,940.00 | $518.00 | $540.00 |
| 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 | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $915,770.00 | $848,490.00 | $823,065.00 |
| Administration Expense | $140,160.00 | $130,260.00 | $119,047.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 250% | 112% | 120% |
| Program Expense/Total Expenses | 87% | 87% | 87% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Foundation and Corporations $2,365,000.00 | Contributions, Gifts, and Grants $679,105.00 | Contributions, Gifts, and Grants $819,395.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $219,213.00 | Program Revenue $215,741.00 | Program Revenue $197,999.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $29,940.00 | Government Grants $199,603.00 | Government Grants $116,407.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $1,985,694.00 | $398,601.00 | $401,788.00 |
| Current Assets | $1,985,089.00 | $392,140.00 | $397,669.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $250.00 | $119,654.00 |
| Total Net Assets | $1,985,694.00 | $398,351.00 | $282,134.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| NTR Form 990 (FY23) | 2023 |
| 2021 NTR Form 990 | 2022 |
| NTR Form 990 2022 | 2022 |
| Form 990 | 2021 |
| 2019 NTR 990 | 2020 |
| 2018-19 NTR 990 | 2019 |
| Form 990 | 2018 |
| Form 990 | 2017 |
| Form 990 | 2016 |
| PR 990 | 2015 |
Audit Documents
| NTR 22-23 Audit | 2023 |
| NTR 21-22 Audit | 2022 |
| NTR 20-21 Audit | 2021 |
| NTR 19-20 Audit | 2020 |
| NTR Audit 2018-19 | 2019 |
| 2016 & 2017 Audit | 2017 |
| PR Audit | 2015 |
Foundation Staff Comments
| Financial figures taken from Form 990. Corporate and foundation grants may be included in Contributions, Gifts, and Grants sum as these amounts are not separated in Form 990. The 2018 990 covers Jan-June. Form 990 was prepared by KraftCPAS, PLLC. Comment provided by Hayley Sulfridge 2/27/24. |
