West Nashville Sports League
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,971,903.00
Projected Expenses
$1,821,707.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| West Nashville Sports League IRS Ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,971,903.00 | $1,940,431.00 | $1,363,861.00 |
| Total Expenses | $1,827,807.00 | $1,523,393.00 | $1,370,237.00 |
| Revenue Less Expenses | $144,096.00 | $417,038.00 | ($6,376.00) |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $21,500.00 | $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 | $166,957.00 | $0.00 |
| Contributions, Gifts, and Grants | $56,889.00 | $27,883.00 | $81,950.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,896,114.00 | $1,715,091.00 | $1,272,823.00 |
| Investment Income, Net of Losses | $9,900.00 | $0.00 | $88.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $9,000.00 | $9,000.00 | $9,000.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,635,467.00 | $1,345,958.00 | $1,007,705.00 |
| Administration Expense | $192,340.00 | $177,435.00 | $362,532.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 108% | 127% | 100% |
| Program Expense/Total Expenses | 89% | 88% | 74% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $1,896,114.00 | Program Revenue $1,715,091.00 | Program Revenue $1,272,823.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $56,889.00 | Government Grants $166,957.00 | Contributions, Gifts, and Grants $81,950.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $9,900.00 | Contributions, Gifts, and Grants $27,883.00 | Noncash Contributions $9,000.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,474,103.00 | $1,290,430.00 | $862,239.00 |
| Current Assets | $1,290,937.00 | $1,086,710.00 | $674,378.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $82,700.00 |
| Current Liabilities | $502,807.00 | $469,289.00 | $375,436.00 |
| Total Net Assets | $971,296.00 | $821,141.00 | $404,103.00 |
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
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| The largest success from this past season is that we were able to provide partial or full scholarships (financial assistance) to over 200 participants in need. The largest challenges for the league center on addressing the increased costs associated with field and facility maintenance and the ever-increasing requests for financial aid while still being able to keep registration fees as minimal as possible. We were also able to donate over $40,000 in certificates for area schools. |
Foundation Staff Comments
| Financial figures taken form the 990. Schedule B removed to protect donor privacy. Financial documents prepared by Hopkins-Page. Comment provided by Hayley Sulfridge 9/28/23. |
