Blind Visually-Impaired Early Services of Tennessee
Fiscal Year
Fiscal Year Start
06/01/2023
Fiscal Year End
05/31/2024
Projected Revenue
$637,980.00
Projected Expenses
$637,980.00
Organizational Budgets and Other Documents
| 2023-2024 Budget | 2024 |
| 2022-2023 Budget | 2023 |
| 2021-2022 Projected Budget | 2022 |
| BEST Budget FY21-22 | 2021 |
IRS Letter of Exemption
| IRS Letter of Determination | 2020 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $644,767.00 | $390,552.00 | $55,939.00 |
| Total Expenses | $577,220.00 | $316,115.00 | $19,566.00 |
| Revenue Less Expenses | $67,547.00 | $74,437.00 | $36,373.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $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 | $386,583.00 | $178,750.00 | $0.00 |
| Contributions, Gifts, and Grants | $174,246.00 | $192,000.00 | $51,939.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $1,780.00 | $4,117.00 | $4,000.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $60,305.00 | $15,685.00 | $0.00 |
| Revenue In-Kind | $21,583.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $452,147.00 | $293,000.00 | $5,593.00 |
| Administration Expense | $66,840.00 | $5,957.00 | $13,973.00 |
| Fundraising Expense | $58,234.00 | $17,198.00 | $0.00 |
| Total Revenue/Total Expenses | 112% | 124% | 286% |
| Program Expense/Total Expenses | 78% | 93% | 29% |
| Fundraising Expense/Contributed Revenue | 10% | 5% | 0% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $386,583.00 | Contributions, Gifts, Grants $192,000.00 | Contributions, Gifts, and Grants $51,939.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $174,246.00 | Government Grants $178,750.00 | Program Revenue $4,000.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $60,305.00 | Fundraising Events $15,685.00 | $0.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $199,128.00 | $135,826.00 | $37,776.00 |
| Current Assets | $199,128.00 | $135,826.00 | $37,776.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $1,403.00 |
| Current Liabilities | $16,818.00 | $25,056.00 | $0.00 |
| Total Net Assets | $182,310.00 | $110,770.00 | $5,593.00 |
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
November
Permit Expiration Year
2023
Solicitations Permit
Form 990s
| 990 | 2023 |
| 990 | 2022 |
| 990EZ | 2021 |
| 990 Schedule A | 2021 |
| 990 Schedule O | 2021 |
Audit Documents
| Financial Statements | 2023 |
| Financial Statements | 2022 |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared internally by the nonprofit. Comments provided by Hayley Sulfridge 1/5/24. |
