Forrest Spence Fund
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$692,150.00
Projected Expenses
$691,030.00
Organizational Budgets and Other Documents
| 2023 Budget | 2023 |
| Middle TN Budget 2023 | 2023 |
IRS Letter of Exemption
| IRS Letter | 2010 |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $574,565.00 | $829,907.00 | $520,216.00 |
| Total Expenses | $601,882.00 | $461,573.00 | $439,565.00 |
| Revenue Less Expenses | ($27,317.00) | $368,334.00 | $80,651.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $43,620.00 | $0.00 | $211,092.00 |
| 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 | $312,898.00 | $50,500.00 |
| Contributions, Gifts, and Grants | $575,866.00 | $406,311.00 | $4,141.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $0.00 |
| Investment Income, Net of Losses | $-89,782.00 | $110,698.00 | $38,469.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $215,520.00 |
| Revenue In-Kind | $44,861.00 | $0.00 | $1,472.00 |
| Other | $0.00 | $0.00 | $494.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $357,177.00 | $283,476.00 | $301,890.00 |
| Administration Expense | $85,506.00 | $73,598.00 | $85,654.00 |
| Fundraising Expense | $159,199.00 | $104,499.00 | $52,021.00 |
| Total Revenue/Total Expenses | 95% | 180% | 118% |
| Program Expense/Total Expenses | 59% | 61% | 69% |
| Fundraising Expense/Contributed Revenue | 26% | 23% | 12% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $575,866.00 | Contributions, Gifts, Grants $406,311.00 | Fundraising Income $215,520.00 |
| Second Highest Funding Source & Dollar Amount | Noncash Contributions $44,861.00 | Government Grants $312,898.00 | Foundation and Corporate $211,092.00 |
| Third Highest Funding Source & Dollar Amount | Foundations and Corporations $43,620.00 | Interest Income $110,698.00 | Government Grants $50,500.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $1,436,906.00 | $1,458,847.00 | $1,102,689.00 |
| Current Assets | $259,599.00 | $661,086.00 | $488,500.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $19,279.00 | $13,903.00 | $26,079.00 |
| Total Net Assets | $1,417,627.00 | $1,444,944.00 | $1,076,610.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$1,274,394.00
What is the spending policy for your endowment?
N/A
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$400,000.00
What is the purpose of the capital campaign?
We are excited to announce our latest project: a new home that will serve as the FSF office as well as a space to host support groups, parent mentors to meet. A future goal will be for the space to also host a third party to perform counseling services.
We invite you to join us in making this project a reality by giving a contribution or pledge today. Your support will help us provide the best possible care and support to families in need.
Campaign Start
April 2023
Campaign End
April 2024
Campaign Raised to Date Month
August
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$13,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2022 990 | 2022 |
| 990 | 2021 |
| 2020 990 | 2020 |
| 2019 990 | 2019 |
| 2018 990 | 2018 |
| 2017 990 | 2017 |
Audit Documents
| 2022 Audit | 2022 |
| 2021 Audit | 2021 |
| 2020 Reveiw | 2020 |
| 2019 Audit | 2019 |
Foundation Staff Comments
| 2022 Budget represents projected expenses to Middle Tennessee programs only. 990's and Audit represent the organization as a whole, as this organizations serves patients and hospitals in 3 regions in Tennessee. Financial figures taken from Form 990. Schedule B removed in 2019, 2020, and 2022 to protect donor privacy. In 2017 and 2018, foundation and corporate grants may be included in Contributions, Gifts, and Grants sum as these amounts were not separated in Form 990. Form 990 prepared by Scott and Pohlman, PC. 2019's Audit prepared by Reynolds Bone & Griesback PLC. Comments provided by Nicole Rose 07/31/2023. |
