Boys and Girls Clubs of Middle Tennessee
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$6,754,343.09
Projected Expenses
$7,116,113.63
Organizational Budgets and Other Documents
IRS Letter of Exemption
| boys and girls club of middle tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $5,823,811.00 | $6,035,809.00 | $5,969,970.00 |
| Total Expenses | $6,476,944.00 | $4,886,714.00 | $3,619,924.00 |
| Revenue Less Expenses | ($653,133.00) | $1,149,095.00 | $2,350,046.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| 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 | $3,119,948.00 | $3,133,550.00 | $1,258,450.00 |
| Contributions, Gifts, and Grants | $1,724,074.00 | $2,242,558.00 | $1,692,772.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $240,504.00 | $88,606.00 | $2,489,690.00 |
| Investment Income, Net of Losses | $-56,275.00 | $238,138.00 | $110,649.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $425,977.00 | $252,529.00 | $373,141.00 |
| Revenue In-Kind | $204,984.00 | $52,387.00 | $21,294.00 |
| Other | $164,599.00 | $28,041.00 | $24,007.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $5,563,329.00 | $4,159,529.00 | $2,735,426.00 |
| Administration Expense | $583,757.00 | $446,226.00 | $668,451.00 |
| Fundraising Expense | $329,858.00 | $280,959.00 | $216,047.00 |
| Total Revenue/Total Expenses | 90% | 124% | 165% |
| Program Expense/Total Expenses | 86% | 85% | 76% |
| Fundraising Expense/Contributed Revenue | 5% | 6% | 6% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $3,119,948.00 | Government Grants $3,133,550.00 | Program Revenue $2,489,690.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $1,724,074.00 | Contributions, Gifts, Grants $2,242,558.00 | Contributions, Gifts, and Grants $1,692,772.00 |
| Third Highest Funding Source & Dollar Amount | Fundraising Events $425,977.00 | Fundraising Events $252,529.00 | Government Grants $1,258,450.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $7,260,487.00 | $9,232,834.00 | $7,512,507.00 |
| Current Assets | $2,052,072.00 | $2,909,145.00 | $3,779,432.00 |
| Long-Term Liabilities | $18,853.00 | $508,571.00 | $451,992.00 |
| Current Liabilities | $689,443.00 | $550,719.00 | $372,465.00 |
| Total Net Assets | $6,552,191.00 | $8,173,544.00 | $6,688,050.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,524,473.00
What is the spending policy for your endowment?
Percentage
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$2,450,000.00
What is the purpose of the capital campaign?
To renovate and add onto our Andrew Jackson Clubhouse
Campaign Start
January 2023
Campaign End
July 2024
Campaign Raised to Date Month
October
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$1,500,000.00
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 Boys & Girls Clubs of Middle Tennessee is proud to provide youth who need us most with affordable and available youth development services via after school, summer enrichment, and fitness leagues. We are only able to provide these services through the generosity of our donors, for we do not take it from the backs of our customers--our youth. As we continue to grow the need for donations and other streams of funding becomes more important than ever before. We will continue to seek ways to diversify our revenue so that we may become good stewards of every dollar that is received. |
Foundation Staff Comments
| Financial figures are taken from the 990. Foundation or corporate gifts may be included in Contributions, Gifts, and Grants sum, as figures are not separated in documents. Financials completed by UHY Advisors Mo, Inc. Comments provided by Nicole Rose 10/31/2023. |
