AGAPE/Association for Guidance Aid Placement & Empathy
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$5,483,739.54
Projected Expenses
$5,506,099.08
Organizational Budgets and Other Documents
IRS Letter of Exemption
| agape/association for guidance aid placement & empathy irs lltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $5,563,259.00 | $5,314,610.00 | $5,646,925.00 |
| Total Expenses | $4,958,798.00 | $4,802,144.00 | $4,487,289.00 |
| Revenue Less Expenses | $604,461.00 | $512,466.00 | $1,159,636.00 |
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 | $649,593.00 | $694,503.00 | $1,201,260.00 |
| Contributions, Gifts, and Grants | $2,082,712.00 | $1,567,078.00 | $1,326,261.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $2,250,959.00 | $2,282,476.00 | $1,969,188.00 |
| Investment Income, Net of Losses | $105,166.00 | $141,929.00 | $218,383.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $410,031.00 | $383,642.00 | $252,249.00 |
| Revenue In-Kind | $63,303.00 | $239,291.00 | $490,594.00 |
| Other | $1,495.00 | $5,691.00 | $6,990.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $4,054,489.00 | $4,043,920.00 | $3,853,165.00 |
| Administration Expense | $587,663.00 | $444,097.00 | $263,715.00 |
| Fundraising Expense | $316,646.00 | $312,127.00 | $370,409.00 |
| Total Revenue/Total Expenses | 112% | 111% | 126% |
| Program Expense/Total Expenses | 82% | 84% | 86% |
| Fundraising Expense/Contributed Revenue | 6% | 7% | 8% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $2,250,959.00 | Program Revenue $2,282,476.00 | Program Revenue $1,969,188.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $2,082,712.00 | Contributions, Gifts, Grants $1,567,078.00 | Contributions, Gifts, and Grants $1,326,261.00 |
| Third Highest Funding Source & Dollar Amount | Government Grants $649,593.00 | Government Grants $694,503.00 | Government Grants $1,201,260.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $5,980,033.00 | $5,269,153.00 | $5,315,687.00 |
| Current Assets | $804,126.00 | $763,167.00 | $815,204.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $175,879.00 |
| Current Liabilities | $426,539.00 | $410,812.00 | $418,973.00 |
| Total Net Assets | $5,553,494.00 | $4,858,341.00 | $4,720,835.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$3,000,107.00
What is the spending policy for your endowment?
Income Only
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| With fifty years of service to the community in Middle Tennessee, AGAPE has been blessed with the faithful and generous support of our mission from individuals, foundations, churches, and the business and civic community. Because of this strong support, AGAPE has been able to continue to serve children and families through the difficult economic times of the past few years. The current AGAPE leadership and Board of Directors are committed to the long term growth of AGAPE by growing the current programs we offer based on the level of impact each program has in the community. AGAPE is also committed to establish new programs as needed by the community in order to better serve children and families who need help and healing through counseling, adoption and maternity services and crisis foster care services. |
Foundation Staff Comments
| Financials taken from the 990. Financials prepared by Blankenship CPA Group, PLLC. Comments provided by Hayley Sulfridge 2/22/24. |
