Rocketown of Middle Tennessee, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$2,330,595.00
Projected Expenses
$2,330,594.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Determination Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,100,744.00 | $1,711,008.00 | |
| Total Expenses | $2,015,496.00 | $1,561,836.00 | |
| Revenue Less Expenses | ($-0.00) | $85,248.00 | $149,172.00 |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | |
| Government - Federal | $0.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $321,424.00 | $250,447.00 | |
| Contributions, Gifts, and Grants | $402,468.00 | $566,886.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $983,421.00 | $544,290.00 | |
| Investment Income, Net of Losses | $1,033.00 | $2,101.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $345,023.00 | $209,459.00 | |
| Revenue In-Kind | $47,375.00 | $0.00 | |
| Other | $0.00 | $137,825.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,323,812.00 | $945,170.00 | |
| Administration Expense | $473,601.00 | $429,028.00 | |
| Fundraising Expense | $218,083.00 | $187,638.00 | |
| Total Revenue/Total Expenses | 104% | 110% | |
| Program Expense/Total Expenses | 66% | 61% | |
| Fundraising Expense/Contributed Revenue | 11% | 12% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $983,421.00 | Contributions, Gifts, and Grants $566,886.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $402,468.00 | Program Revenue $544,290.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Government Grants $321,424.00 | Government Grants $250,447.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $14,416,102.00 | $10,506,346.00 | |
| Current Assets | $3,807,602.00 | $4,555,228.00 | |
| Long-Term Liabilities | $4,037,500.00 | $296,424.00 | |
| Current Liabilities | $262,930.00 | $174,834.00 | |
| Total Net Assets | $10,115,872.00 | $10,035,088.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$18,443.00
What is the spending policy for your endowment?
Income plus capital appreciation
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
Under Extension
Form 990s
Audit Documents
Foundation Staff Comments
| Financial figures are taken from the 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum as these amounts are not separated in Form 990. Financial documents prepared by Blankenship CPA Group , PLLC. Comments provided by Nicole Rose 03/10/2023. |
