Creative Aging Memphis
- Assets
- $575.4k
- Revenue
- $711.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Memphis, TN
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 27-0070615
Organization Overview
Creative Aging Memphis is located in Memphis, TN. The organization was established in 2004. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Creative Aging Memphis employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creative Aging Memphis 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, Creative Aging Memphis generated $711.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.0% each year . All expenses for the organization totaled $357.0k during the year ending 12/2021. While expenses have increased by 3.1% 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
IMPROVE QUALITY OF LIFE FOR MID-SOUTH SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SENIOR ARTS SERIES EVENTS AT THEATRE MEMPHIS WERE CANCELLED IN THE FIRST PART OF 2021 DUE TO COVID, BUT RETURNED IN FALL 2021 WITH 6 EVENTS ATTENDED BY OVER 750 PEOPLE.SENIOR STUDIO COURSES CONTINUED TO BE ENORMOUSLY POPULAR IN 2021, FREQUENTLY FILLING 24 HOURS AFTER REGISTRATION OPENS. 60 COURSES WERE OFFERED IN 2021, WITH OVER 360 HOURS OF PROFESSIONAL ARTS INSTRUCTION, EMPLOYING MORE THAN 20 ARTISTS AND/OR ARTS ORGANIZATIONS. THESE COURSES, THEN AND NOW, ACTIVATE SENIOR PARTICIPANTS' CREATIVE CAPACITY, BUILD COMMUNITY AND REDUCE THE NEGATIVE HEALTH CONSEQUENCES OF SOCIAL ISOLATION. AN ART SHOW IN SEPTEMBER 2021 HIGHLIGHTED THE VALUE OF THE PROGRAM, SHOWCASING PARTICIPANTS ORIGINAL PIECES AT THEATRE MEMPHIS. 2021 WAS A YEAR MARKED BY A HIGH LEVEL OF PARTICIPATION AND STRONG PROGRAM SUCCESS, EVEN WITH THE LINGERING IMPACT OF COVID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margaret Henley Executive Director | OfficerTrustee | 40 | $60,000 |
Michael Escamilla Secretary | OfficerTrustee | 5 | $0 |
Rachel Cheek Treasurer | OfficerTrustee | 5 | $0 |
Jennifer Roberts President | OfficerTrustee | 1 | $0 |
Kim O'donnell VP | OfficerTrustee | 1 | $0 |
Anita Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $59,970 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,958 |
| All other contributions, gifts, grants, and similar amounts not included above | $552,658 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $631,586 |
| Total Program Service Revenue | $78,757 |
| Investment income | $682 |
| 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 | $711,025 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation of current officers, directors, key employees. | $30,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,119 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,901 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,229 |
| Office expenses | $8,085 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,000 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,930 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,648 |
| Insurance | $4,088 |
| All other expenses | $0 |
| Total functional expenses | $356,963 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $255,437 |
| Savings and temporary cash investments | $28,784 |
| Pledges and grants receivable | $62,360 |
| Accounts receivable, net | $205,545 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| 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 | $23,229 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $575,355 |
| Accounts payable and accrued expenses | $4,878 |
| Grants payable | $0 |
| Deferred revenue | $15,875 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,753 |
| Net assets without donor restrictions | $318,502 |
| Net assets with donor restrictions | $236,100 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $575,355 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Creative Aging Memphis has recieved totaling $67,750.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $49,250 |
Arts Memphis Memphis, TN PURPOSE: OPERATING SUPPORT & RECOVERY | $18,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wolf Trap Foundation For The Performing Arts Vienna, VA | $98,256,215 | $37,160,457 |
The Tivoli Theatre Foundation Inc Chattanooga, TN | $19,745,641 | $23,020,214 |
Red Mountain Theatre Company Inc Birmingham, AL | $35,964,987 | $9,815,041 |
Cccp Community Trust Charlotte, NC | $3,032,444 | $5,842,596 |
Cave Hill Investment Company Louisville, KY | $206,891,533 | $9,697,721 |
Center For Puppetry Arts Inc Atlanta, GA | $20,916,247 | $3,804,159 |
Metropolitan School Of The Arts Alexandria, VA | $1,125,949 | $3,020,151 |
Paramount Theater Of Charlottesville Inc Charlottesville, VA | $2,248,840 | $3,822,333 |
City Springs Theatre Company Sandy Springs, GA | $2,774,850 | $2,619,384 |
Thalian Hall Center For Performing Arts Inc Wilmington, NC | $1,750,747 | $2,399,584 |
Cumberland Plateau Company Inc Lebanon, VA | $9,644,678 | $675,012 |
Savannah Music Festival Inc Savannah, GA | $2,910,137 | $2,078,517 |