Intersection
Fiscal Year
Fiscal Year Start
08/01/2023
Fiscal Year End
07/31/2024
Projected Revenue
$146,885.00
Projected Expenses
$146,850.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Intersection IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $92,081.00 | $73,427.00 | |
| Total Expenses | $87,049.00 | $58,241.00 | |
| Revenue Less Expenses | ($-0.00) | $5,032.00 | $15,186.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $62,260.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $0.00 | |
| Contributions, Gifts, and Grants | $18,102.00 | $71,826.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $11,718.00 | $1,600.00 | |
| Investment Income, Net of Losses | $1.00 | $1.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $74,165.00 | $45,802.00 | |
| Administration Expense | $12,884.00 | $12,439.00 | |
| Fundraising Expense | $0.00 | $0.00 | |
| Total Revenue/Total Expenses | 106% | 126% | |
| Program Expense/Total Expenses | 85% | 79% | |
| Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $80,362.00 | Contributions, Gifts, and Grants $71,826.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Foundation and Corporations $62,260.00 | Program Revenue $1,600.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Program Revenue $11,718.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $24,816.00 | $15,473.00 | |
| Current Assets | $24,816.00 | $15,473.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $0.00 | $0.00 | |
| Total Net Assets | $24,816.00 | $15,473.00 |
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
January
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| Intersection 990EZ | 2022 |
| Intersection 990EZ | 2021 |
| Intersection 990EZ | 2020 |
| Intersection 990EZ | 2019 |
| Intersection 990EZ | 2018 |
| Intersection 990EZ | 2017 |
| Intersection 990N | 2016 |
| Intersection 990N | 2015 |
Audit Documents
| Intersection FY18 Financial Report | 2018 |
| Intersection FY17 Financial Report | 2017 |
| Intersection FY16 Financial Report | 2016 |
| Intersection FY15 Financial Report | 2015 |
CEO/Executive Director/Board Comments
| As a young nonprofit organization, Intersection continues to expand and diversify its fundraising base. We have successfully obtained support from state, city, and federal government as well as local and national foundations, in addition to donations from individuals and corporations. Earned income includes ticket sales, performance fees, tuition from education programs, and advertising in concert programs. Despite the enormous uncertainly and loss of revenue created by the current pandemic, Intersection expects a balanced budget in current and future seasons. |
Foundation Staff Comments
| Financial figures taken from Form 990EZ. Form 990EZ was prepared internally by the nonprofit. Foundation and corporate grants may be included in Individual Contributions sum, as these amounts are not separated in the 990EZ. Comments provided by Hayley Sulfridge 6/1/23. |
