Humanities Tennessee
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$1,857,250.00
Projected Expenses
$1,848,470.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| humanities tennessee irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $2,324,740.00 | $1,235,214.00 | |
| Total Expenses | $2,247,077.00 | $1,116,729.00 | |
| Revenue Less Expenses | ($-0.00) | $77,663.00 | $118,485.00 |
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 | $2,212,449.00 | $1,093,639.00 | |
| Contributions, Gifts, and Grants | $121,967.00 | $149,868.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $0.00 | $-15,456.00 | |
| Investment Income, Net of Losses | $14,269.00 | $7,163.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $0.00 | $0.00 | |
| Revenue In-Kind | $0.00 | $0.00 | |
| Other | $-23,945.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $1,810,895.00 | $819,214.00 | |
| Administration Expense | $275,825.00 | $163,750.00 | |
| Fundraising Expense | $160,357.00 | $184,365.00 | |
| Total Revenue/Total Expenses | 103% | 106% | |
| Program Expense/Total Expenses | 81% | 70% | |
| Fundraising Expense/Contributed Revenue | 7% | 16% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | Government Grants $2,212,449.00 | Government Grants $1,093,639.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $121,967.00 | Contributions, Gifts, and Grants $149,868.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Investment Income $14,269.00 | Investment Income $7,163.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $634,896.00 | $559,048.00 | |
| Current Assets | $455,060.00 | $332,260.00 | |
| Long-Term Liabilities | $0.00 | $0.00 | |
| Current Liabilities | $440,751.00 | $402,766.00 | |
| Total Net Assets | $194,145.00 | $156,282.00 |
Endowment Info
Do you have an endowment?
Yes
What is the value of the endowment?
$10,206.00
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?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
| Humanities Tennessee is a fiscally conservative organization that is working to diversify its funding base of support to include more individual, private and corporate foundation, corporate sponsorship and other support to ensure sustainability. We are also advocating for continued support from the National Endowment for the Humanities and Arts to be able to continue to build on our programs that impact Tennesseans of all ages and backgrounds. We welcome support from the general community and inquiries about how you might be able to participate in our programs and supporting our efforts around the state. Humanities Tennessee recently changed the fiscal year in which we operate from calendar year to July-June. |
Foundation Staff Comments
| Financial figures taken from the 990. Financial documents prepared by UHY Advisors MO, Inc. Humanities Tennessee changed fiscal years halfway through 2018, from Jan-Dec to Jul-Jun. Because of that, there was an abbreviated 2018 fiscal year from Jan-Jun. The FY2019 audit will cover that 6-month period as well. Comments provided by Hayley Sulfridge 6/26/23. |
