The Memory Project Inc
- Assets
- $559.4k
- Revenue
- $448.7k
- Investments
- $0.0
- Employees
- 6
- Location
- Middleton, WI
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-1802885
Organization Overview
The Memory Project Inc is located in Middleton, WI. The organization was established in 2005. According to its NTEE Classification (G48) the organization is classified as: Brain Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Memory Project Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memory Project Inc 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 12/2021, Memory Project Inc generated $448.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $313.8k during the year ending 12/2021. While expenses have increased by 8.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE COORDINATE ART TEACHERS AND THEIR STUDENTS TO EXCHANGE ARTWORK WITH CHILDREN AROUND THE WORLD TO PROMOTE INTERNATIONAL KINDNESS, PEACE, AND FRIENDSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE COORDINATE ART TEACHERS AND THEIR STUDENTS TO EXCHANGE ARTWORK WITH CHILDREN AROUND THE WORLD TO PROMOTE INTERNATIONAL KINDNESS, PEACE, AND FRIENDSHIP. THIS IS OUR ORGANIZATION'S SINGLE FOCUS, AND EVERY DOLLAR WE RECEIVE AND SPEND IS FOR THIS SOLE ACTIVITY. IN 2021 WE COORDINATED APPROXIMATELY 15,000 STUDENTS IN THE USA TO EXCHANGE ARTWORK WITH CHILDREN IN AFGHANISTAN, INDIA, CAMEROON, NIGERIA, AND SIERRA LEONE. GRANTS TOTALING $123,835 WERE GIVEN TO THE CHILDREN'S ORGANIZATIONS AND INDIVIDUALS THAT PARTNERED WITH US IN THOSE COUNTRIES TO SUPPORT THEIR EFFORTS. OUR PARTNERS FROM AFGHANISTAN IN PARTICULAR RECEIVED A LARGE PERCENTAGE OF THIS SUPPORT, AS OUR AMERICAN STUDENTS WERE EAGER TO HELP AFGHAN FAMILIES LIVING AS REFUGEES AFTER THE TALIBAN TOOK POWER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Schumaker President / Treasurer | OfficerTrustee | 50 | $66,000 |
Abha Thakkar Director | Trustee | 20 | $21,700 |
Debbie Schumaker Secretary | Trustee | 1 | $0 |
Jim Schumaker Director | Trustee | 1 | $0 |
Adam Schumaker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,560 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,844 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $264,404 |
| Total Program Service Revenue | $181,595 |
| Investment income | $2,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $448,732 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,300 |
| Grants and other assistance to domestic individuals. | $3,820 |
| Grants and other assistance to Foreign Orgs/Individuals | $109,714 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $103,637 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,764 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,750 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158 |
| Office expenses | $1,171 |
| Information technology | $1,742 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $313,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,075 |
| Savings and temporary cash investments | $307,468 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $155,826 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $559,369 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $149,900 |
| Other liabilities | $0 |
| Total liabilities | $149,900 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $5,926 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $403,543 |
| Total liabilities and net assets/fund balances | $559,369 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Memory Project Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Hyman Levine Family Foundation Ldor Vdor Beverly Hills, CA PURPOSE: CHARITY/EDUCATION | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Brain Tumor Association Chicago, IL | $8,022,705 | $6,207,028 |
Minnesota Brain Injury Alliance Roseville, MN | $6,705,529 | $5,590,295 |
Saint Francis Childrens Center Inc Milwaukee, WI | $14,342,484 | $4,080,725 |
Brain Injury Association Of Iowa Iowa City, IA | $606,005 | $1,115,266 |
Brain Injury Association Of Michigan Incorporated Brighton, MI | $450,718 | $748,314 |
Michigan Head Injury Providers Council Brighton, MI | $338,707 | $288,734 |
Mound Grove Gardens Of Memory Inc Kankakee, IL | $1,848,384 | $531,026 |
American Brain Coalition Maple Grove, MN | $579,568 | $413,375 |
The Memory Project Inc Middleton, WI | $559,369 | $448,732 |
National Alliance On Mental Illness Of Johnson County Iowa City, IA | $212,856 | $324,051 |
Nami Central Iowa Ames, IA | $404,982 | $346,537 |
Nami Greater Mississippi Valley Inc Davenport, IA | $318,708 | $316,566 |