Memphis Brand Office
- Assets
- $943.1k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 6
- Location
- Memphis, TN
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 37-1831645
Organization Overview
Memphis Brand Office is located in Memphis, TN. The organization was established in 2017. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Memphis Brand Office employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Brand Office 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, Memphis Brand Office generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. 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
MEMPHIS BRAND INITIATIVE IS AN ORGANIZATION WITH A GOAL OF ELEVATING THE MEMPHIS/SHELBY COUNTY'S GLOBAL REPUTATION BY DEFINING THE AUTHENTIC AND ESSENTIAL BRAND IDENTITY AND COMMUNICATING IT IN A NEWLY STRATEGIC AND COORDINATED WAY. OBJECTIVES ARE TO RECRUIT AND RETAIN TALENT, TOURISTS AND BUSINESSES AND STRENGTHEN CIVIC PRIDE AMONG MEMPHIANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMPHIS BRAND INITIATIVE IS AN ORGANIZATION WITH A GOAL OF ELEVATING THE MEMPHIS/SHELBY COUNTY'S GLOBAL REPUTATION BY DEFINING THE AUTHENTIC AND ESSENTIAL BRAND IDENTITY AND COMMUNICATING IT IN A NEWLY STRATEGIC AND COORDINATED WAY. OBJECTIVES ARE TO RECRUIT AND RETAIN TALENT, TOURISTS AND BUSINESSES AND STRENGTHEN CIVIC PRIDE AMONG MEMPHIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David J French President | Officer | 40 | $249,177 |
Ekundayo Bandele Board Chairman | OfficerTrustee | 0.5 | $0 |
Emily Callahan Board Co-Chair | OfficerTrustee | 0.5 | $0 |
Spence Wilson Jr Treasurer | OfficerTrustee | 0.5 | $0 |
Blair Taylor Secretary | OfficerTrustee | 0.5 | $0 |
Mauricio Calvo Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $93,085 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,280,243 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,373,328 |
| Total Program Service Revenue | $82,320 |
| Investment income | $0 |
| 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 | $1,455,648 |
| 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. | $249,177 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $283,794 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,245 |
| Payroll taxes | $66,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $426,972 |
| Advertising and promotion | $228,140 |
| Office expenses | $1,297 |
| Information technology | $7,826 |
| Royalties | $0 |
| Occupancy | $24,543 |
| Travel | $4,880 |
| 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 | $977 |
| Insurance | $7,425 |
| All other expenses | $20,585 |
| Total functional expenses | $1,516,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $809,042 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $0 |
| 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 | $10,725 |
| Net Land, buildings, and equipment | $23,317 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $943,084 |
| Accounts payable and accrued expenses | $25,237 |
| 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 | $0 |
| Other liabilities | $12,238 |
| Total liabilities | $37,475 |
| Net assets without donor restrictions | $805,609 |
| Net assets with donor restrictions | $100,000 |
| 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 | $943,084 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Memphis Brand Office has recieved totaling $290,000.
| Awarding Organization | Amount |
|---|---|
Memphis Tomorrow Memphis, TN PURPOSE: OPERATIONS | $250,000 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Duke Corporate Education Durham, NC | $27,489,390 | $18,675,614 |
University Of North Georgia Foundation Inc Dahlonega, GA | $101,168,345 | $9,379,486 |
Cape Fear Tutoring Inc Wilmington, NC | $2,173,027 | $16,040,654 |
Southern Assoc Of Colleges And Schools Commission On Colleges Inc Decatur, GA | $21,107,199 | $13,477,936 |
White Hall Enrichment Advancement Team Hayneville, AL | $52,157 | $11,823,582 |
National Association For College Admission Counseling Inc Arlington, VA | $22,607,858 | $9,863,408 |
North Mississippi Education Consortion University, MS | $2,578,004 | $9,299,460 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
American School Counselor Association Alexandria, VA | $7,066,172 | $7,522,290 |