Rocketown of Middle Tennessee, Inc.
Fiscal Year
Fiscal Year Start
07/01/2024
Fiscal Year End
06/30/2025
Projected Revenue
$2,169,201.00
Projected Expenses
$2,169,200.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| IRS Determination Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Revenue | $1,996,845.00 | $2,100,744.00 | |
| Total Expenses | $2,942,238.00 | $2,015,496.00 | |
| Revenue Less Expenses | ($-0.00) | ($945,393.00) | $85,248.00 |
Revenue Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| 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 | $195,125.00 | $321,424.00 | |
| Contributions, Gifts, and Grants | $337,207.00 | $402,468.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $943,432.00 | $983,421.00 | |
| Investment Income, Net of Losses | $24,934.00 | $1,033.00 | |
| Membership Dues | $430.00 | $0.00 | |
| Special Events | $426,505.00 | $345,023.00 | |
| Revenue In-Kind | $69,212.00 | $47,375.00 | |
| Other | $0.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Program Expense | $1,412,277.00 | $1,323,812.00 | |
| Administration Expense | $1,296,262.00 | $473,601.00 | |
| Fundraising Expense | $233,699.00 | $218,083.00 | |
| Total Revenue/Total Expenses | 68% | 104% | |
| Program Expense/Total Expenses | 48% | 66% | |
| Fundraising Expense/Contributed Revenue | 8% | 11% |
Top Funding Sources
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Program Revenue $943,432.00 | Program Revenue $983,421.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Fundraising Events $426,505.00 | Contributions, Gifts, and Grants $402,468.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $337,207.00 | Government Grants $321,424.00 |
Assets and Liabilities
| Fiscal Year | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,425,306.00 | $14,416,102.00 | |
| Current Assets | $3,026,219.00 | $3,807,602.00 | |
| Long-Term Liabilities | $4,037,500.00 | $4,037,500.00 | |
| Current Liabilities | $214,555.00 | $262,930.00 | |
| Total Net Assets | $9,173,251.00 | $10,115,872.00 |
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?
Yes
Do you anticipate a campaign in the next 5 years?
No
What is the campaign goal?
$1,000,000.00
What is the purpose of the capital campaign?
Expansion to Cheatham County
Campaign Start
August 2024
Campaign End
June 2026
Campaign Raised to Date Month
December
Campaign Raised to Date Year
2024
Campaign Raised to Date Amount
$175,700.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2024
Solicitations Permit
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 Hayley Sulfridge 6/12/24. |
