Nashville Steam Preservation Society
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$537,800.00
Projected Expenses
$625,631.68
Organizational Budgets and Other Documents
| NSPS Projected Budget | 2023 |
| NSPS Projected Budget | 2022 |
| NSPS Projected Budget | 2021 |
| NSPS Projected Budget | 2020 |
| NSPS Projected Budget | 2019 |
| NSPS Projected Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $648,819.00 | $467,102.00 | $715,816.00 |
| Total Expenses | $577,181.00 | $815,253.00 | $559,368.00 |
| Revenue Less Expenses | $71,638.00 | ($348,151.00) | $156,448.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $0.00 | $0.00 | $0.00 |
| Contributions, Gifts, and Grants | $630,144.00 | $442,802.00 | $692,708.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $16,810.00 | $14,900.00 | $7,943.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $4,559.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $615.00 | $0.00 | $10,606.00 |
| Other | $1,250.00 | $400.00 | $0.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $461,031.00 | $706,427.00 | $450,824.00 |
| Administration Expense | $64,247.00 | $61,644.00 | $55,725.00 |
| Fundraising Expense | $51,903.00 | $47,182.00 | $52,819.00 |
| Total Revenue/Total Expenses | 112% | 57% | 128% |
| Program Expense/Total Expenses | 80% | 87% | 81% |
| Fundraising Expense/Contributed Revenue | 9% | 6% | 9% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Contributions, Gifts, and Grants $630,144.00 | Contributions, Gifts, and Grants $442,802.00 | Contributions, Gifts, and Grants $692,708.00 |
| Second Highest Funding Source & Dollar Amount | Program Revenue $16,810.00 | Program Revenue $14,900.00 | Noncash Contributions $10,606.00 |
| Third Highest Funding Source & Dollar Amount | Other Revenue $1,250.00 | Other Revenue $400.00 | Program Revenue $7,943.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $684,463.00 | $683,545.00 | $1,001,708.00 |
| Current Assets | $599,187.00 | $565,242.00 | $887,402.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $31,899.00 | $102,619.00 | $72,631.00 |
| Total Net Assets | $652,564.00 | $580,926.00 | $929,077.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Yes
Do you anticipate a campaign in the next 5 years?
Yes
What is the campaign goal?
$2,800,000.00
What is the purpose of the capital campaign?
To obtain funding to restore the Nashville, Chattanooga & St. Louis Railway locomotive No. 576 to operation. Funds are also needed to create an educational program to provide training in vocational skills relative to the restoration as well as to teach children the history and function of steam locomotives.
Campaign Start
November 2018
Campaign End
December 2023
Campaign Raised to Date Month
June
Campaign Raised to Date Year
2023
Campaign Raised to Date Amount
$2,500,000.00
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Solicitations Permit
Form 990s
| 2022 Form 990 | 2022 |
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| Form 990 | 2019 |
| 2018 Form 990 pt 1 | 2018 |
| 2018 Form 990 pt 2 | 2018 |
| 2017 Form 990 EZ | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
Audit Documents
| Audited Financial Statement | 2022 |
| Auditor's Report | 2021 |
| 2020 Audited Financial Statement | 2020 |
| Audited Financial Statement | 2019 |
| 2018 Audited Financials | 2018 |
Foundation Staff Comments
| Financial figures taken from Form 990. Foundation and corporate grants may be included in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Form 990 was prepared by Crosslin, PLLC. Comments provided by Hayley Sulfridge 7/18/23. |
