Tony Rice Center, Inc.
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931-685-0957
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1300 Railroad Avenue
Shelbyville, TN 37160
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2020

Fiscal Year End

06/30/2021

Projected Revenue

$941,681.00

Projected Expenses

$941,681.00

Organizational Budgets and Other Documents

Tony Rice Center 2020-2021 Budget 2021
Tony Rice Center 2019-2020 Budget 2020
Tony Rice Center 2018-2019 Budget 2019
Tony Rice Center 2017-2018 Budget 2018
Tony Rice Center 2016-2017 Budget 2017
Tony Rice Center 2015-2016 Budget 2016
Tony Rice Center, Inc. 2014 Budget 2014
Tony Rice Center, Inc. 2013 Budget 2013
Tony Rice Center, Inc. 2012 Budget 2012
Tony Rice Center, Inc. 2011 Budget 2011
tony rice center, inc. 2009 budget 2009
tony rice center, inc. 2008 budget 2008
tony rice center, inc. 2007 budget 2007

IRS Letter of Exemption

tony rice center, inc. irs ltr

Detailed Financials

Revenue and Expenses
Fiscal Year202020192018
Total Revenue $843,985.00$885,610.00$891,308.00
Total Expenses $861,659.00$870,221.00$822,047.00
Revenue Less Expenses ($17,674.00)$15,389.00$69,261.00

Revenue Sources
Fiscal Year202020192018
Foundation and Corporation Contributions $0.00$0.00$0.00
Government - Federal $65,440.00$76,906.00$0.00
Government - State $526,220.00$563,707.00$651,555.00
Government - Local $0.00$0.00$0.00
Government - Unspecified $0.00$0.00$0.00
Individual Contributions $15,818.00$13,805.00$9,072.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $235,123.00$229,993.00$228,235.00
Investment Income, Net of Losses $590.00$732.00$494.00
Membership Dues $0.00$0.00$0.00
Special Events $794.00$467.00$1,952.00
Revenue In-Kind $0.00$0.00$0.00
Other $0.00$0.00$0.00

Expense Allocation
Fiscal Year202020192018
Program Expense $861,659.00$870,221.00$819,951.00
Administration Expense $0.00$0.00$0.00
Fundraising Expense $0.00$0.00$2,096.00
Total Revenue/Total Expenses 98%102%108%
Program Expense/Total Expenses 100%100%100%
Fundraising Expense/Contributed Revenue 0%0%0%

Top Funding Sources
Fiscal Year202020192018
Top Funding Source & Dollar Amount State Government Grants
$526,220.00
State Government Grants
$563,707.00
State Government Grants
$651,555.00
Second Highest Funding Source & Dollar Amount Program Revenue
$235,123.00
Program Revenue
$229,993.00
Program Revenue
$228,235.00
Third Highest Funding Source & Dollar Amount Federal Government Grants
$65,440.00
Federal Government Grants
$76,906.00
Contributions, Gifts and Grants
$9,072.00

Assets and Liabilities
Fiscal Year202020192018
Total Assets $1,454,972.00$1,442,402.00$1,489,258.00
Current Assets $473,435.00$404,842.00$387,870.00
Long-Term Liabilities $128,447.00$93,871.00$156,642.00
Current Liabilities $18,335.00$22,667.00$22,141.00
Total Net Assets $1,308,190.00$1,325,864.00$1,310,475.00

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

Yes

Permit Expiration Month

December

Permit Expiration Year

2021

Solicitations Permit

Charitable Solicitations Permit

Form 990s

Tony Rice Center, Inc. 2020 990 2020
Tony Rice Center, Inc. 2019 990 2019
Tony Rice Center, Inc. 2018 990 2018
Tony Rice Center, Inc. 2017 990 2017
Tony Rice Center, Inc. 2016 990 2016
Tony Rice Center, Inc. 2015 Form 990 2015
Tony Rice Center, Inc. 2014 Form 990 2014
Tony Rice Center, Inc. 2013 Form 990 2013
Tony Rice Center, Inc. 2012 Form 990 2012
Tony Rice Center, Inc. 2011 Form 990 2011
tony rice center, inc. 2010 990 2010
tony rice center, inc. 2009 990 2009
tony rice center, inc. 2008 990 2008
tony rice center, inc. 2007 990 2007
tony rice center, inc. 2006 990 2006

Audit Documents

Tony Rice Center, Inc. 2020 Audit 2020
Tony Rice Center, Inc. 2019 Audit 2019
Tony Rice Center, Inc. 2018 Audit 2018
Tony Rice Center, Inc. 2017 Audit 2017
Tony Rice Center, Inc. 2016 Audit 2016
Tony Rice Center, Inc. 2015 Audit 2015
Tony Rice Center, Inc. 2014 Audit 2014
Tony Rice Center, Inc. 2013 Audit 2013
Tony Rice Center, Inc. 2012 Audit 2012
Tony Rice Center, Inc. 2011 Audit 2011
tony rice center, inc. 2010 audit 2010
tony rice center, inc. 2009 audit 2009
tony rice center, inc. 2008 audit 2008
tony rice center, inc. 2007 audit 2007
tony rice center, inc. 2006 audit 2006

CEO/Executive Director/Board Comments


2019/2020 offers may challenges for non profit organizations with reduced grant funding and private donations, uncertainty in health care reform, and increasing operating expenses making it necessary to examine budgets and spending. Cutting budgets is an excruciating process. Ensuring improvements, even if an organization's leaders are able to budget additional money for operational expenses, is also difficult. The key is to ensure that the resources are used wisely Any decisions about spending money in one area over another is going to be incredibly difficult and is going to hurt somewhere. But Tony Rice Center is prepared to embrace the notion that reducing costs without loss of quality is possible

Foundation Staff Comments


Financial figures are taken from the 990 and audit. Financial documents prepared by Joe Osterfeld, CPA. Comments provided by Kathryn Bennett 12/8/2020.