Preston Taylor Ministries
DONATE NOW
615-596-4386
Share page
4014 Indiana Avenue
Nashville, TN 37209
Organization Details

Fiscal Year

Fiscal Year Start

01/01/2020

Fiscal Year End

12/31/2020

Projected Revenue

$1,584,700.00

Projected Expenses

$1,584,358.00

Organizational Budgets and Other Documents

preston taylor ministries 2020 budget 2020
preston taylor ministries 2019 budget 2019
preston taylor ministries 2018 budget 2018
preston taylor ministries 2017 budget 2017
preston taylor ministries 2016 budget 2016
preston taylor ministries 2015 budget 2015
preston taylor ministries 2014 budget 2014
preston taylor ministries 2013 budget 2013
preston taylor ministries 2012 budget 2012
preston taylor ministries 2011 budget 2011
preston taylor ministries 2010 budget 2010
preston taylor ministries 2009 budget 2009
preston taylor ministries 2008 budget 2008
preston taylor ministries 2007 budget 2007
preston taylor ministries 2006 budget 2006

IRS Letter of Exemption

preston taylor ministries irs ltr

Detailed Financials

Revenue and Expenses
Fiscal Year201820172016
Total Revenue $1,207,327.00$1,169,505.00$1,126,685.00
Total Expenses $1,252,114.00$1,159,538.00$953,165.00
Revenue Less Expenses ($44,787.00)$9,967.00$173,520.00

Revenue Sources
Fiscal Year201820172016
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$0.00
Individual Contributions $1,118,167.00$1,050,693.00$939,997.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $0.00$0.00$0.00
Investment Income, Net of Losses $4,008.00$3,104.00$1,823.00
Membership Dues $0.00$0.00$0.00
Special Events $28,827.00$72,969.00$52,037.00
Revenue In-Kind $56,325.00$42,739.00$132,828.00
Other $0.00$0.00$0.00

Expense Allocation
Fiscal Year201820172016
Program Expense $1,035,902.00$892,391.00$737,027.00
Administration Expense $105,713.00$160,474.00$117,450.00
Fundraising Expense $110,449.00$106,400.00$98,688.00
Total Revenue/Total Expenses 96%101%118%
Program Expense/Total Expenses 83%77%77%
Fundraising Expense/Contributed Revenue 9%9%10%

Top Funding Sources
Fiscal Year201820172016
Top Funding Source & Dollar Amount Contributions, Gifts and Grants
$1,118,167.00
Contributions, Gifts and Grants
$1,050,693.00
Contributions, Gifts and Grants
$939,997.00
Second Highest Funding Source & Dollar Amount Noncash Contributions
$56,325.00
Fundraising Revenue
$72,969.00
Noncash Contributions
$132,828.00
Third Highest Funding Source & Dollar Amount Fundraising Events
$28,827.00
Noncash Contributions
$42,739.00
Fundraising Events
$52,037.00

Assets and Liabilities
Fiscal Year201820172016
Total Assets $1,519,480.00$1,557,416.00$1,560,821.00
Current Assets $694,351.00$705,100.00$720,172.00
Long-Term Liabilities $0.00$0.00$0.00
Current Liabilities $179,932.00$170,896.00$184,268.00
Total Net Assets $1,339,548.00$1,386,520.00$1,376,553.00

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

Under Extension

Solicitations Permit

Charitable Solicitations Permit

Form 990s

preston taylor ministries 2018 990 2018
preston taylor ministries 2017 990 2017
preston taylor ministries 2016 990 2016
preston taylor ministries 2015 990 2015
preston taylor ministries 2014 990 2014
preston taylor ministries 2013 990 2013
preston taylor ministries 2012 990 2012
preston taylor ministries 2011 990 2011
preston taylor ministries 2010 990 2010
preston taylor ministries 2009 990 2009
preston taylor ministries 2008 990 2008
preston taylor ministries 2007 990 2007
preston taylor ministries 2006 990 2006
preston taylor ministires 2005 990 2005
preston taylor ministries 2004 990 2004

Audit Documents

Financial Audit 2019
Financial Audit 2018
Financial Audit 2017
Financial Audit 2016
Financial Audit 2015
Financial Audit 2014
Financial Audit 2013
PTM Audit 2013

CEO/Executive Director/Board Comments


PTM developed a strategic plan beginning in 2017 that will increase PTM's staff, add more students, strengthen middle school program, and strengthen high school program. PTM will use giving overages from 2016 and 2017 to add two new full-time staff positions to provide the infrastructure for youth program development and increased number of volunteers PTM projected a deficit budget in 2017, but a strong December with significant unexpected gifts allowed for a surplus giving year. With surplus giving, PTM's board has strategically outlined expected capital expenses (bus, building maintenance, roof replacement) as well as another site expansion to more effectively serve at-risk youth in Nashville and would use reserve funds to initiate that move. PTM had 5 vehicles donated in 2018 which has led to increased ability to transport from school, provide field trips, and sports programming.

Foundation Staff Comments


Financial figures taken from the 990. 990 completed by Carrie Wilsman. Comments provided by Kathryn Bennett 8/1/19.