Tennessee Innocence Project
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,300,000.00
Projected Expenses
$1,298,638.00
Organizational Budgets and Other Documents
| Budget | 2023 |
| 2022 Budget | 2022 |
| 2021 Budget | 2021 |
| Projected Budget | 2020 |
IRS Letter of Exemption
| IRS Letter of Determination | 2018 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $1,996,437.00 | $2,202,531.00 | $375,959.00 |
| Total Expenses | $1,511,778.00 | $813,813.00 | $248,450.00 |
| Revenue Less Expenses | $484,659.00 | $1,388,718.00 | $127,509.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $633,900.00 | $215,000.00 |
| 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 |
| Contributions, Gifts, and Grants | $1,691,656.00 | $1,439,183.00 | $189,960.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,845.00 | $1,132.00 | $5.00 |
| Investment Income, Net of Losses | $276.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $302,660.00 | $100,516.00 | $-30,834.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $27,800.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,263,925.00 | $734,275.00 | $153,375.00 |
| Administration Expense | $98,944.00 | $79,437.00 | $95,075.00 |
| Fundraising Expense | $148,909.00 | $101.00 | $0.00 |
| Total Revenue/Total Expenses | 132% | 271% | 151% |
| Program Expense/Total Expenses | 84% | 90% | 62% |
| Fundraising Expense/Contributed Revenue | 10% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,691,656.00 | Contributions, Gifts, and Grants $1,439,183.00 | Foundations and Corporations $215,000.00 |
| Second Highest Funding Source & Dollar Amount | Fundraising Events $302,660.00 | Foundations and Corporations $633,900.00 | Contributions, Gifts and Grants $189,960.00 |
| Third Highest Funding Source & Dollar Amount | Program Revenue $1,845.00 | Fundraising Events $100,516.00 | Program Revenue $5.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,377,018.00 | $1,793,396.00 | $384,549.00 |
| Current Assets | $22,691,020.00 | $1,787,609.00 | $378,499.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $27,800.00 |
| Current Liabilities | $119,054.00 | $20,091.00 | $0.00 |
| Total Net Assets | $2,257,964.00 | $1,773,305.00 | $356,749.00 |
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?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| IRS 990 Extension Request | 2022 |
| 990 | 2022 |
| 2021 990 | 2021 |
| 2020 990 | 2020 |
| Form 990 | 2019 |
| Form 990N | 2018 |
Audit Documents
| Audit 2022 | 2022 |
| 2021 Audit | 2021 |
| Audit | 2020 |
Foundation Staff Comments
| Financial figures taken from Form 990. Schedule B removed to protect donor privacy. Form 990 was prepared by Stephen Pierson CPA. Comments provided by Hayley Sulfridge 9/29/23. |
