The Bottom FY2023 filing

Knoxville, TN · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2023
Revenue
$332K
▲ +29% vs prior year
Spent
$364K
To programs
48%
Net assets
$214K
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2023 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
8 funders, incl. South Arts INC
$192K in the latest grant year.
Spent on programs?
48% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↑ +29% vs prior year
Legal name (IRS)Hdr · item CThe Bottom
EINHdr · item D85-2398999
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2021
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CKnoxville, TN
NTEE classificationIRS BMFArts & Culture (A20)
WebsiteHdr · item Jthebottomknox.com

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.48 Management & general $0.42 Fundraising $0.10
Program services48%$174K
Management & general42%$153K
Fundraising10%$38K
Total functional expensesLn 25$364K

Financial health

Revenue & expenses by yearFY2021–FY2024
Revenue
$332K
FY2023▲ +29%
Expenses
$364K
FY2023▲ +52%
Program efficiency
48%
of spending reaches programs
Operating runway
4.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
-10%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$214K
FY2023▼ -7%
Total liabilities
$0
FY2023
Revenue less expensesPt I · Ln 19−$32K
Total assetsPt X · Ln 16$214K
Program-expense ratioPt IX · col B48%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$129K
Total assetsLn 16$214K
Total liabilitiesLn 26$0
Total net assetsLn 32$214K
Months of cash on handcomputed4.2

Statement of Revenue

Part VIII
Contributions & grants$308K · 93%
Other revenue$21K · 6%
Program service revenue$3K · 1%
Contributions & grants93%$308K
Other revenue6%$21K
Program service revenue1%$3K
Investment income$10
— government grantsLn 1e$28K
Total revenueLn 12$332K

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $129K · Operating expenses/yr $364K
4.2 months
Where the money goes
Program services
Program services $174K · Total expenses $364K
48%
Management & General
Management & general $153K · Total expenses $364K
42%
Fundraising
Fundraising $38K · Total expenses $364K
10%
Cost to raise $1
Fundraising expense (3-yr avg) $21K · Solicited contributions (3-yr avg) $214K
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $308K · Total revenue $332K
93%
Government reliance
Government grants $28K · Total revenue $332K
8%
Earned-income share
Program service revenue $3K · Total revenue $332K
1%
Investment reliance
Investment income $10 · Total revenue $332K
<0.01%
Program self-sufficiency
Program service revenue $3K · Total expenses $364K
0.9%
Growth & trend
Revenue growth (YoY)
This year $332K · Prior year $257K
+29%
Net-asset trend (YoY)
End of year $214K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $332K · Expenses $364K
-10%
Liabilities-to-Assets
Total liabilities — · Total assets $214K
—
Net-asset ratio
Net assets $214K · Total assets $214K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $214K
0%
People & payroll
Highest Reported Total Compensation
Individual Brandi Augustus · Reported title President · Highest reported compensation $0 · Total expenses $364K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $178K · Total expenses $364K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 48%——
Overhead ratio 42%——
Fundraising cost ratio 12%——
Revenue growth 29%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.3%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director of Operations
$0Pt VII · Sec A

Ty Murray’s $45K as Director of Art and Communication is at the 39th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2024FY2021
Ty Murray$44,908—
Kalil White$44,855—
Annastasia William$22,507—
Ty Murray—$22,250
Enkeshi El-Amin$20,006—
Enkeshi El-Amin—$7,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Bottom executive salaries →

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Builds community, celebrates culture, and engages Black creativity in Knoxville.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $128K of program spending, described in the organization's own filed words · FY2023.
01

The Black Outside program, held from June 19 to July 16, 2023, reconnected Knoxville?s youth with the outdoors through engaging activities that challenged stereotypes and fostered environmental appreciation.

$43Kprogram expense
02

Through the Sew It Sell It program students develop professional business skills. In 2023, the program expanded to include not only sewing but embroidery, product photography and natural dye.

$43Kprogram expense
03

In 2023, The Bottom?s bookshop made significant strides in community engagement by hosting diverse book clubs and author events, both in-person and virtual. We formally launched our Lit Kidz Program, distributing over 185 books and offering creative workshops that served 40 children in its first year.

$42Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $486K$326K+46% 990 PDF
FY2023 Viewing $332K$364K+29% 990 PDF
FY2022 $257K$239K+12% 990 PDF
FY2021 $229K$115K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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