Thistle Farms, Inc.
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615-298-1140
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5122 Charlotte Avenue
Nashville, TN 37209
Organization Details

Fiscal Year

Fiscal Year Start

07/01/2020

Fiscal Year End

06/30/2021

Projected Revenue

$6,712,219.00

Projected Expenses

$6,711,745.00

Organizational Budgets and Other Documents

FY21 Thistle Farms Forecast 2021
FY20 Thistle Farms Forecast 2020
FY19 Thistle Farms Forecast 2019
FY18 Thistle Farms Forecast 2018
FY17 Thistle Farms Forecast 2017
Thistle Farms Forecast 2016 2016
Magdalene Inc. 2015 Budget 2015
Thistle Farms Forecast 2015 2015
Thistle Stop Cafe Forecast 2015 2015
Magdalene Inc. 2014 Budget 2014
Thistle Farms Forecast 2014 2014
Magdalene, Inc. 2013 Budget 2013
Thistle Farms Forecast 2013 2013
Magdalene, inc. 2012 budget 2012
Thistle Farms Forecast 2012 2012
Magdalene, Inc. 2011 Budget 2011
Thistle Farms Forecast 2011 2011
magdalene, inc. 2010 budget 2010
magdalene, inc. 2009 budget 2009
magdalene, inc. 2008 budget 2008
magdalene, inc. 2007 budget 2007
magdalene, inc. 2006 budget 2006
magdalene, inc. 2005 budget 2005

IRS Letter of Exemption

Thistle Farms, Inc. IRS

Detailed Financials

Revenue and Expenses
Fiscal Year202020192018
Total Revenue $7,680,562.00$6,771,673.00$6,278,024.00
Total Expenses $7,013,232.00$6,380,065.00$6,430,495.00
Revenue Less Expenses $667,330.00$391,608.00($152,471.00)

Revenue Sources
Fiscal Year202020192018
Foundation and Corporation Contributions $0.00$686,000.00$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 $0.00$0.00$0.00
Individual Contributions $3,722,807.00$1,788,400.00$2,685,423.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $3,851,619.00$3,880,046.00$3,384,356.00
Investment Income, Net of Losses $0.00$0.00$649.00
Membership Dues $0.00$0.00$0.00
Special Events $0.00$171,775.00$0.00
Revenue In-Kind $64,209.00$163,631.00$159,553.00
Other $41,927.00$81,821.00$48,043.00

Expense Allocation
Fiscal Year202020192018
Program Expense $5,360,106.00$5,834,650.00$5,380,948.00
Administration Expense $1,653,126.00$884,885.00$817,809.00
Fundraising Expense $0.00$238,593.00$231,738.00
Total Revenue/Total Expenses 110%97%98%
Program Expense/Total Expenses 76%84%84%
Fundraising Expense/Contributed Revenue 0%3%4%

Top Funding Sources
Fiscal Year202020192018
Top Funding Source & Dollar Amount Program Revenue
$3,851,619.00
Program Revenue
$3,880,046.00
Program Revenue
$3,384,356.00
Second Highest Funding Source & Dollar Amount Contributions, Gifts and Grants
$3,722,807.00
Contributions, Gifts and Grants
$1,788,400.00
Contributions, Gifts and Grants
$2,685,423.00
Third Highest Funding Source & Dollar Amount Noncash Contributions
$64,209.00
Foundations and Corporations
$686,000.00
Noncash Contributions
$159,553.00

Assets and Liabilities
Fiscal Year202020192018
Total Assets $8,376,745.00$6,029,007.00$6,200,271.00
Current Assets $3,935,731.00$1,254,335.00$1,106,532.00
Long-Term Liabilities $20,000.00$20,000.00$20,000.00
Current Liabilities $1,129,025.00$244,396.00$229,205.00
Total Net Assets $7,227,720.00$5,764,611.00$5,951,066.00

Endowment Info

Do you have an endowment?

Yes

What is the value of the endowment?

$94,424.00

What is the spending policy for your endowment?

Percentage

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

2021

Solicitations Permit

Charitable Solicitations Form

Form 990s

Thistle Farms, Inc. 2020 990 2020
Thistle Farms Inc., 2019 990 2019
Thistle Farms Inc. 2018 990 2018
Thistle Farms Inc., 2017 990 2017
Thistle Farms Inc., 2016 990 2016
Thistle Farms, Inc. 2015 990 2015
Magdalene, Inc. 2014 990 2014
Magdalene, Inc. 2013 990 2013
Magdalene, Inc. 2012 990 2012
Magdalene, Inc. 2011 990 2011
Magdalene, Inc. 2010 990 2010
magdalene, inc. 2009 990 2009
magdalene, inc. 2008 990 2008
magdalene, inc. 2007 990 2007
magdalene, inc. 2006 990 2006
magdalene, inc. 2005 990 2005

Audit Documents

Thistle Farms, Inc. 2020 Audit 2020
Thistle Farms, Inc. 2019 Audit 2019
Thistle Farms, Inc., 2018 Audit 2018
Thistle Farms, Inc., 2017 Audit 2017
Thistle Farms, Inc., 2016 Audit 2016
Thistle Farms, Inc. 2015 Audit 2015
Magdalene, Inc. 2014 Audit 2014
Magdalene Inc. 2013 Audit 2013
Magdalene Inc. 2012 Audit 2012
Magdalene_Inc._2011audit 2011
Magdalene_Inc._2010audit 2010
magdalene, inc. 2009 audit 2009
magdalene, inc. 2008 audit 2008
magdalene, inc. 2007 audit 2007
magdalene, inc. 2006 audit 2006
magdalene, inc. 2005 audit 2005
magdalene, inc. 2004 audit 2004

Foundation Staff Comments


Financial figures were taken primarily from the audit, with supplementary information provided by the organization. Financials completed by Cherry Bekaert, CPA. Comments provided by Kathryn Bennett 1/29/2021. *The endowment for Magdalene Inc. is housed at The Community Foundation of Middle Tennessee.