Mighty Ally
- Assets
- $135.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 82-2159790
Organization Overview
Mighty Ally is located in Nashville, TN. The organization was established in 2018. According to its NTEE Classification (T02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mighty Ally is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mighty Ally generated $166.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $93.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MIGHTY ALLY INSTITUTE PROVIDES ONE ON ONE TRAINING THAT EQUIPS AFRICAN-LED, EARLY STAGE SOCIAL VENTURES FOR GROWTH THROUGH BRAND WORKSHOPS, TOOLS COACHING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Brown President / Treasurer | 1 | $0 | |
Jonathan Wright Secretary | 1 | $0 | |
Tim Rann Board Chair | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $166,866 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $166,866 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $88,954 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,281 |
| Total expenses | $93,235 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $135,758 |
| Other assets | $0 |
| Total assets | $135,765 |
| Total liabilities | $0 |
| Net assets or fund balances | $135,765 |
Peer Organizations
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|---|---|---|
Techbridge Inc Atlanta, GA | $2,896,426 | $6,390,024 |
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Hands On Northwest North Carolina Winstonsalem, NC | $829,378 | $279,928 |
Beaver Family Foundation Nashville, TN | $0 | $223,409 |
Lead Institute Inc Atlanta, GA | $0 | $0 |
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Nwa Gives Organization Fayetteville, AR | $26,202 | $0 |
Powered By Zerret Inc Atlanta, GA | $92,152 | $0 |
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Opp Vision In Action Foundation Opp, AL | $52,605 | $0 |
Tmi Arlington Arlington, VA | $0 | $0 |