Tennessee Higher Education Initiative, Inc.
Fiscal Year
No current fiscal year information is available at this time.
Organizational Budgets and Other Documents
IRS Letter of Exemption
Tennessee Higher Education Initiative IRS Letter |
Detailed Financials
Revenue and Expenses
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Revenue | $885,125.00 | $1,064,229.00 | |
Total Expenses | $1,087,772.00 | $1,006,596.00 | |
Revenue Less Expenses | ($-0.00) | ($202,647.00) | $57,633.00 |
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 | $603,959.00 | $273,750.00 | |
Contributions, Gifts, and Grants | $281,166.00 | $790,479.00 | |
Indirect Public Support | $0.00 | $0.00 | |
Earned Revenue | $0.00 | $0.00 | |
Investment Income, Net of Losses | $0.00 | $0.00 | |
Membership Dues | $0.00 | $0.00 | |
Special Events | $0.00 | $0.00 | |
Revenue In-Kind | $0.00 | $0.00 | |
Other | $0.00 | $0.00 |
Expense Allocation
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Program Expense | $759,232.00 | $652,095.00 | |
Administration Expense | $328,540.00 | $354,501.00 | |
Fundraising Expense | $0.00 | $0.00 | |
Total Revenue/Total Expenses | 81% | 106% | |
Program Expense/Total Expenses | 70% | 65% | |
Fundraising Expense/Contributed Revenue | 0% | 0% |
Top Funding Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Top Funding Source & Dollar Amount | $0.00 | Government Grants $603,959.00 | Contributions, Gifts, and Grants $790,479.00 |
Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $281,166.00 | Government Grants $273,750.00 |
Third Highest Funding Source & Dollar Amount | $0.00 | $0.00 | $0.00 |
Assets and Liabilities
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Assets | $59,602.00 | $318,803.00 | |
Current Assets | $50,350.00 | $306,091.00 | |
Long-Term Liabilities | $0.00 | $0.00 | |
Current Liabilities | $10,785.00 | $67,339.00 | |
Total Net Assets | $48,817.00 | $251,464.00 |
Endowment Info
Do you have an endowment?
No
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
2023
Solicitations Permit
Form 990s
Form 990 2021-2022 | 2022 |
Form 990 2020-2021 | 2021 |
Form 990 2019-2020 | 2020 |
Form 990 2018-2019 | 2019 |
Form 990 2017-2018 | 2018 |
Form 990 2016-2017 | 2017 |
Form 990EZ 2015-2016 | 2016 |
Form 990EZ 2014-2015 | 2015 |
Form 990EZ - 2014 short form | 2014 |
990N E-Filing Receipt | 2013 |
990N E-filing Receipt | 2012 |
Audit Documents
2022 Audit | 2022 |
2021 Audit Paperwork | 2021 |
ennessee Higher Education Initiative Inc_Issued Financial Statements | 2020 |
Foundation Staff Comments
Financial figures taken from Form 990. Foundation and corporate grants may be included in the Contributions, Gifts, and Grants category as these amounts are not separated in Form 990. Form 990 was prepared by John P. Young, PC. Comments provided by Nicole Rose 03/27/2023. |