NeedLink Nashville
Fiscal Year
Fiscal Year Start
07/01/2022
Fiscal Year End
06/30/2023
Projected Revenue
$545,700.00
Projected Expenses
$820,198.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| NeedLink IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $8,499,192.00 | $1,134,485.00 | |
| Total Expenses | $7,006,394.00 | $863,520.00 | |
| Revenue Less Expenses | ($-0.00) | $1,492,798.00 | $270,965.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $8,009,621.00 | $22,829.00 | |
| Individual Contributions | $484,332.00 | $1,083,091.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $0.00 | |
| Investment Income, Net of Losses | $5,239.00 | $1,670.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $26,895.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $6,939,022.00 | $804,049.00 | |
| Administration Expense | $34,025.00 | $26,690.00 | |
| Fundraising Expense | $33,347.00 | $32,781.00 | |
| Total Revenue/Total Expenses | 121% | 131% | |
| Program Expense/Total Expenses | 99% | 93% | |
| Fundraising Expense/Contributed Revenue | 0% | 4% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $8,009,621.00 | Contributions, Gifts and Grants $1,083,091.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $484,332.00 | Fundraising Events $26,895.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $5,239.00 | Government Grants $22,829.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,267,423.00 | $742,843.00 | |
| Current Assets | $2,261,936.00 | $736,398.00 | |
| Long-Term Liabilities | $0.00 | $30,600.00 | |
| Current Liabilities | $88,383.00 | $26,001.00 | |
| Total Net Assets | $2,179,040.00 | $686,242.00 |
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
December
Permit Expiration Year
2022
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| NeedLink Nashville's Board of Directors has led the organization to a strong financial position. Currently, we have sufficient reserves to meet one year of operations expenses in case of emergency, and we have grown our program funding to reach approximately 60 % of applicants. We attempt to keep administrative and fundraising expenses low, in order to maximize the funding available for the rent and critical utility services needs of our clients. The important support we have from NES and TVA makes it possible for NeedLink to care for Nashvillians throughout the year. Careful budgeting is key to ensuring that funding is available every week of every year to help people facing an emergency situation. Through our 2020 tornados, Christmas Bombing, floods after and throughout COVID, Nashvillians have given generously to NeedLink Nashville, and because of that that funding, we have been able to assist thousands of families who were experiencing the very challenging economic hardships brought about by each crisis. Because of our donors, NeedLink operates each week of every year assisting with devastating tragedies and everyday financial emergencies that happen occasionally to all Nashvillians. We are thankful for all support. |
Foundation Staff Comments
| Financial figures taken from 990. Corporate and foundation grants may be included in Individual Contribution sum, as these amounts are not separated in Form 990. Financials prepared by Kraft CPAs PLLC. Comments provided by Nicole Rose 01/18/2022. |
