The Arc of Tennessee, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$3,006,704.00
Projected Expenses
$3,043,944.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
the arc of tennessee, inc. irs ltr |
Detailed Financials
Revenue and Expenses
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Revenue | $5,442,426.00 | $2,442,426.00 | $3,364,538.00 |
Total Expenses | $2,815,596.00 | $2,815,596.00 | $2,446,352.00 |
Revenue Less Expenses | $2,626,830.00 | ($373,170.00) | $918,186.00 |
Revenue Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Foundation and Corporation Contributions | $0.00 | $0.00 | $255,622.00 |
Government - Federal | $0.00 | $0.00 | $0.00 |
Government - State | $0.00 | $0.00 | $2,612,686.00 |
Government - Local | $0.00 | $0.00 | $0.00 |
Government - Unspecified | $2,158,340.00 | $2,158,340.00 | $53,818.00 |
Contributions, Gifts, and Grants | $188,994.00 | $188,994.00 | $386,897.00 |
Indirect Public Support | $0.00 | $0.00 | $0.00 |
Earned Revenue | $10,690.00 | $10,690.00 | $44,836.00 |
Investment Income, Net of Losses | $94.00 | $94.00 | $9,680.00 |
Membership Dues | $9,097.00 | $9,097.00 | $825.00 |
Special Events | $42,084.00 | $42,084.00 | $0.00 |
Revenue In-Kind | $0.00 | $0.00 | $0.00 |
Other | $33,127.00 | $33,127.00 | $174.00 |
Expense Allocation
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Program Expense | $2,815,596.00 | $2,815,596.00 | $1,841,061.00 |
Administration Expense | $0.00 | $0.00 | $603,786.00 |
Fundraising Expense | $0.00 | $0.00 | $1,505.00 |
Total Revenue/Total Expenses | 193% | 87% | 138% |
Program Expense/Total Expenses | 100% | 100% | 75% |
Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Top Funding Source & Dollar Amount | Government Grants $2,158,340.00 | Government Grants $2,158,340.00 | State Government Grants $2,612,686.00 |
Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $188,994.00 | Contributions, Gifts, and Grants $188,994.00 | Contributions, Gifts, and Grants $386,897.00 |
Third Highest Funding Source & Dollar Amount | Fundraising Events $42,084.00 | Fundraising Events $42,084.00 | Foundations and Corporations $255,622.00 |
Assets and Liabilities
Fiscal Year | 2023 | 2022 | 2021 |
---|---|---|---|
Total Assets | $2,008,355.00 | $2,008,355.00 | $2,557,858.00 |
Current Assets | $1,653,278.00 | $1,653,278.00 | $2,197,974.00 |
Long-Term Liabilities | $122,534.00 | $122,534.00 | $191,832.00 |
Current Liabilities | $626,250.00 | $626,250.00 | $327,191.00 |
Total Net Assets | $1,259,571.00 | $1,259,571.00 | $2,038,835.00 |
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
Form 990s
Audit Documents
CEO/Executive Director/Board Comments
The Arc Tennessee budgets very conservatively. Certain costs such as insurance increases come during the middle of the fiscal year and there is no way to accurately estimate the increase. We budget conservatively on how much our fundraisers will bring in. The Arc Tennessee has a strong financial position with money in the bank in the unlikely event of a loss at the end of the year. |
Foundation Staff Comments
Financial figures taken from 990. Foundation and corporate grants may be included in Contributions, gifts, and grants sum, as these amounts were not separated in Form 990. 990 was prepared by UHY Advisors Mo, Inc. Comments provided by Nicole Rose 01/10/2024. |