Tennessee Foreign Language Institute Fund Inc
Fiscal Year
Fiscal Year Start
01/01/2020
Fiscal Year End
12/31/2020
Projected Revenue
$50,000.00
Projected Expenses
$50,000.00
Organizational Budgets and Other Documents
| TFLI Fund 2020 Budget | 2020 |
| TFLI Fund 2018 Budget | 2018 |
| TFLI Fund 2017 Budget | 2017 |
| TFLI Fund 2016 budget | 2016 |
IRS Letter of Exemption
| tennessee foreign language institute fund inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2019 | 2018 | 2017 |
|---|---|---|---|
| Total Revenue | $128,148.00 | $216,731.00 | $217,604.00 |
| Total Expenses | $159,589.00 | $215,678.00 | $201,998.00 |
| Revenue Less Expenses | ($31,441.00) | $1,053.00 | $15,606.00 |
Revenue Sources
| Fiscal Year | 2019 | 2018 | 2017 |
|---|---|---|---|
| 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 | $84,878.00 | $198,340.00 | $184,432.00 |
| Individual Contributions | $29,197.00 | $4,366.00 | $20,476.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $12,696.00 |
| Investment Income, Net of Losses | $14,073.00 | $14,025.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2019 | 2018 | 2017 |
|---|---|---|---|
| Program Expense | $155,129.00 | $211,355.00 | $199,085.00 |
| Administration Expense | $4,460.00 | $4,323.00 | $2,913.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 80% | 100% | 108% |
| Program Expense/Total Expenses | 97% | 98% | 99% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2019 | 2018 | 2017 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $84,878.00 | Government Grants $198,340.00 | Government Grants $184,432.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts and Grants $29,197.00 | Investment Income $14,025.00 | Contributions, Gifts and Grants $20,476.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $14,073.00 | Contributions, Gifts and Grants $4,366.00 | Program Revenue $12,696.00 |
Assets and Liabilities
| Fiscal Year | 2019 | 2018 | 2017 |
|---|---|---|---|
| Total Assets | $543,332.00 | $504,972.00 | $536,157.00 |
| Current Assets | $27,681.00 | $34,201.00 | $43,616.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $350.00 |
| Total Net Assets | $543,332.00 | $504,972.00 | $535,807.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$11,293.00
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?
$200,000.00
What is the purpose of the capital campaign?
Through the TFLI Fund, TLC intends to raise capital to augment donations and award grants toward the ESL to Go Program operations.
Campaign Start
March 2012
Campaign Raised to Date Month
June
Campaign Raised to Date Year
2012
Campaign Raised to Date Amount
$10,753.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2021
Solicitations Permit
TFLI Fund Charitable Solicitations license approval through June 30, 2021
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from 990.990 was prepared by Rebecca Harrell. The TFLI Fund does not have an operating budget. The organization raises funds to support the needs of the state institute. Comments provided by Kathryn Bennett 11/5/2020. |
