Tennessee Foreign Language Institute Fund Inc
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$170,000.00
Projected Expenses
$111,500.00
Organizational Budgets and Other Documents
| TFLI Fund 2023 Budget | 2023 |
| TFLI Fund 2022 | 2022 |
| TFLI Fund 2022 Financial Statements | 2022 |
| 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 | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $118,346.00 | $133,228.00 | $149,991.00 |
| Total Expenses | $217,652.00 | $138,319.00 | $155,644.00 |
| Revenue Less Expenses | ($99,306.00) | ($5,091.00) | ($5,653.00) |
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 | $91,714.00 | $90,300.00 | $84,717.00 |
| Contributions, Gifts, and Grants | $14,829.00 | $26,352.00 | $54,079.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $0.00 | $11,195.00 |
| Investment Income, Net of Losses | $11,803.00 | $16,576.00 | $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 | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $213,260.00 | $133,350.00 | $152,404.00 |
| Administration Expense | $4,392.00 | $4,969.00 | $3,240.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 54% | 96% | 96% |
| Program Expense/Total Expenses | 98% | 96% | 98% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Government Grants $91,714.00 | Government Grants $90,300.00 | Government Grants $84,717.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $14,829.00 | Contributions, Gifts, and Grants $26,352.00 | Contributions, Gifts, and Grants $54,079.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $11,803.00 | Investment Income $16,576.00 | Program Revenue $11,195.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $423,414.00 | $595,318.00 | $541,718.00 |
| Current Assets | $24,287.00 | $16,366.00 | $13,693.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $0.00 | $0.00 | $0.00 |
| Total Net Assets | $423,414.00 | $595,318.00 | $541,718.00 |
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?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from 990. 990 was prepared by internally by nonprofit. The TFLI Fund does not have an operating budget. The organization raises funds to support the needs of the state institute. Comments provided by Nicole Rose 04/26/2023. |
