Civic Intelligence

Project Transformation Tennessee Inc.

990 • Fiscal year 2018 • EIN 45-3265261

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 25, 2018

1008 19th Ave SNashville, TN 37212

(615) 810-9620

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

29th percentile

0.02x

Higher debt load relative to assets than 29% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

58th percentile

5.9%

Higher net margin than 58% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

49th percentile

$62,252

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

68th percentile

7.8%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

67th percentile

13%

Faster revenue growth than 67% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$812,627

Up $58,717 (+7.8%) from 2017

Net Assets

Up

$800,307

Up $61,543 (+8.3%) from 2017

Liabilities

Down

$12,320

Down $2,826 (-19%) from 2017

Revenue

Up

$1,044,503

Up $120,295 (+13%) from 2017

Expenses

Up

$982,960

Up $199,680 (+25%) from 2017

Net Income

Down

$61,543

Down $79,385 (-56%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $39,257Liabilities 2012: $4232012Assets 2013: $74,719Liabilities 2013: $1,363Net Assets 2013: $73,3562013Assets 2014: $202,337Liabilities 2014: $1,776Net Assets 2014: $200,5612014Assets 2015: $249,622Liabilities 2015: $1,582Net Assets 2015: $248,0402015Assets 2016: $590,179Liabilities 2016: $9,089Net Assets 2016: $581,0902016Assets 2017: $753,910Liabilities 2017: $15,146Net Assets 2017: $738,7642017Assets 2018: $812,627Liabilities 2018: $12,320Net Assets 2018: $800,3072018Assets 2019: $846,681Liabilities 2019: $6,621Net Assets 2019: $840,0602019Assets 2020: $1,175,097Liabilities 2020: $12,928Net Assets 2020: $1,162,1692020Assets 2021: $1,300,517Liabilities 2021: $14,055Net Assets 2021: $1,286,4622021Assets 2022: $1,147,669Liabilities 2022: $26,697Net Assets 2022: $1,120,9722022Assets 2023: $958,738Liabilities 2023: $104,653Net Assets 2023: $854,0852023Assets 2024: $799,570Liabilities 2024: $47,847Net Assets 2024: $751,7232024

Highlighted filing

2018

Assets$812,627
Liabilities$12,320
Net Assets$800,307

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2012: $128,160Expenses 2012: $113,308Net Income 2012: $14,8522012Revenue 2013: $221,175Expenses 2013: $186,422Net Income 2013: $34,7532013Revenue 2014: $392,765Expenses 2014: $265,246Net Income 2014: $127,5192014Revenue 2015: $431,509Expenses 2015: $384,030Net Income 2015: $47,4792015Revenue 2016: $700,895Expenses 2016: $604,215Net Income 2016: $96,6802016Revenue 2017: $924,208Expenses 2017: $783,280Net Income 2017: $140,9282017Revenue 2018: $1,044,503Expenses 2018: $982,960Net Income 2018: $61,5432018Revenue 2019: $1,137,564Expenses 2019: $1,097,811Net Income 2019: $39,7532019Revenue 2020: $1,139,967Expenses 2020: $817,858Net Income 2020: $322,1092020Revenue 2021: $947,715Expenses 2021: $823,422Net Income 2021: $124,2932021Revenue 2022: $882,264Expenses 2022: $1,047,754Net Income 2022: -$165,4902022Revenue 2023: $843,192Expenses 2023: $1,110,079Net Income 2023: -$266,8872023Revenue 2024: $967,329Expenses 2024: $1,069,691Net Income 2024: -$102,3622024

Highlighted filing

2018

Revenue$1,044,503
Expenses$982,960
Net Income$61,543
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 25, 2018
Return Version
2018v3.1
Gross Receipts
$1,049,666
Mission and Program Overview

Mission

Project transformation tennessee, inc. Provides programming for college students interested in pursuing various aspects of ministry and a revitalization of urban churches. It meets these two needs by working with children in communities surrounding certain churches. These churches are utilized as sites for summer day-camp programs designed and implemented by college interns. The goal is to provide community-oriented, safe and caring summer and after-school programs for children and youth; and offer leadership training, career exposure and ministry exploration opportunities for young adults.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$552,848-
Pledges and Grants Receivable$274,082$225,772▼ $48,310
Land, Buildings, and Equipment, Net$16,471$14,338▼ $2,133
Prepaid Expenses and Deferred Charges$11,227$13,663▲ $2,436
Cash and Non-Interest-Bearing Accounts$451,637$5,906▼ $445,731
Investments in Publicly Traded Securities$143$100▼ $43
Total Assets$753,910$812,627▲ $58,717
Other Assets Total$350--
Liabilities
Other Liabilities$8,546$8,262▼ $284
Accounts Payable and Accrued Expenses$6,600$4,058▼ $2,542
Total Liabilities$15,146$12,320▼ $2,826
Net Assets / Fund Balance
Unrestricted Net Assets$417,581$558,544▲ $140,963
Temporarily Rstr Net Assets$321,183$241,763▼ $79,420
Total Net Assets Fund Balance$738,764$800,307▲ $61,543
Total Liabilities and Net Assets / Fund Balance$753,910$812,627▲ $58,717

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$10,564$1,031$11,595
Equipment$3,774$5,740$9,514
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Courtney AldrichExecutive DiFT$62,252$62,252

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,031,654
Program Service Revenue
$11,429
Investment Income
$1,420
Other Revenue
$0
All Other Contributions
$918,471
Change in Net Assets
$61,543

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Food Inventory6$84,851
Other Non Cash Contri Table52$6,518
Total Noncash Contributions58$91,369

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,044,503
Revenue Not Reported on Form 990
$7,700
Total Revenue per Audited Statements
$1,052,203
Total Revenue per Form 990
$1,044,503
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$653,722
Other Expenses$329,238
Total Fundraising Expense$88,145
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$469,944$45,040$73,653$588,637
Payroll Taxes$34,537$3,140$7,176$44,853
Fees for Services Accounting-$27,103-$27,103
All Other Expenses$10,461$3,893$6,709$21,063
Other Employee Benefits$16,388$3,237$607$20,232
Occupancy$2,614$14,415-$17,029
Travel$13,250$3,312-$16,562
Other Expenses$9,399$2,499-$11,898
Advertising-$8,325-$8,325
Office Expenses-$3,060-$3,060
Depreciation Depletion$855$1,280-$2,135
Total Functional Expenses$766,332$128,483$88,145$982,960

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$990,660
Expenses per Audited Statements$982,960
Total Expenses per Form 990$982,960
Expenses Not Reported on Form 990$7,700
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Employee Leave$5,082
Credit Card Payable - Capital One$3,180
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The finance committee will review.

Form 990, Page 6, Part VI, Line 12C

Board members are required to complete a conflict of interest form each year.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Project Transformation Tennessee
EIN
45-3265261
Phone
6158109620
Address
1008 19TH AVE S, NASHVILLE, TN 37212

Signing Officer

Name
Courtney Aldrich
Title
Executive Director
Phone
6158109620
Signed
2018-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Courtney Aldrich
Formed
2011
Legal Domicile
Tn
Voting Board Members
19
Independent Board Members
19
Employees
110
Volunteers
1,669

Preparer

Firm
Grannis & Associates Pc
Address
515 W BURTON ST, MURFREESBORO, TN 37130-3549
Preparer
William O Dix CPA
Phone
6158951040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Project transformation tennessee, inc. Provides programming for college students interested in pursuing various aspects of ministry and a revitalization of urban churches. It meets these two needs by working with children in communities surrounding certain churches. These churches are utilized as sites for summer day-camp programs designed and implemented by college interns. The goal is to provide community-oriented, safe and caring summer and after-school programs for children and youth; and offer leadership training, career exposure and ministry exploration opportunities for young adults.

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