Nashville CARES
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Nashville CARES IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $39,079,457.00 | $35,963,086.00 | |
| Total Expenses | $36,279,784.00 | $35,150,819.00 | |
| Revenue Less Expenses | ($-0.00) | $2,799,673.00 | $812,267.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $675,250.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $36,886,442.00 | $34,284,426.00 | |
| Contributions, Gifts, and Grants | $546,528.00 | $261,421.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $1,645,893.00 | $396,893.00 | |
| Investment Income, Net of Losses | $594.00 | $12,988.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $243,229.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $88,879.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $34,625,715.00 | $33,953,127.00 | |
| Administration Expense | $1,435,446.00 | $940,910.00 | |
| Fundraising Expense | $218,623.00 | $256,782.00 | |
| Total Revenue/Total Expenses | 108% | 102% | |
| Program Expense/Total Expenses | 95% | 97% | |
| Fundraising Expense/Contributed Revenue | 1% | 1% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $36,886,442.00 | Government Grants $34,284,426.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $1,645,893.00 | Foundation and Corporations $675,250.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $546,528.00 | Program Revenue $396,893.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $12,654,133.00 | $11,405,752.00 | |
| Current Assets | $9,142,984.00 | $7,784,541.00 | |
| Long-Term Liabilities | $2,052,625.00 | $3,249,820.00 | |
| Current Liabilities | $4,980,826.00 | $5,328,864.00 | |
| Total Net Assets | $5,620,682.00 | $2,827,068.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$42,000.00
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
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the audit. Financial documents prepared by Kraft CPAs, PLLC. Comments provided by Hayley Sulfridge 6/28/23. **Agency endowment is housed at The Community Foundation of Middle Tennessee. |
