Memory Trees Corporation
- Assets
- $255.5k
- Revenue
- $227.9k
- Investments
- $0.0
- Employees
- 0
- Location
- West Palm Beach, FL
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 45-2128932
Organization Overview
Memory Trees Corporation is located in West Palm Beach, FL. The organization was established in 2011. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memory Trees Corporation 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, Memory Trees Corporation generated $227.9k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $125.4k during the year ending 12/2022. While expenses have increased by 7.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
A NO POVERTY COMMUNITY DEVELOPMENT AND IMPACT INVESTMENT CORPORATION SPECIALIZING IN CHILDREN'S EDUCATIONAL PROGRAMS, MANAGED DONOR SERVICES, AND OTHER SOCIAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JUNIOR CREATORS IS AN ONGOING YEAR-ROUND CREATIVE LIFE SKILLS AND PROBLEM-SOLVING PROGRAM THAT OFFERS HANDS-ON LEARNING IN AFTERSCHOOL SETTINGS WITH A SCIENCE, TECHNOLOGY, ENGINEERING, ARTS, AND MATH-BASED STEAM CURRICULUM.
JOBS FOR ARTISANS CREATES JOBS TO HELP OFFER PEOPLE A PATH OUT OF POVERTY. WE TEACH ARTISANS NEW SKILLS AND TRAIN THEM TO MAKE HANDMADE PRODUCTS THAT ARE SOLD VIA OUR GIFT SHOP AND WEBSITE.
ARTIST OF THE MONTH IS AN ONGOING PROGRAM THAT PROMOTES A LOCAL ARTIST EVERY MONTH OF THE YEAR, MAKING IT EASY FOR PEOPLE TO COLLECT ARTWORKS BY LOCAL AND EMERGING ARTISTS. WE HELP LOCAL ARTISTS TO BUILD FINANCIALLY SUSTAINABLE VIABLE BUSINESSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Reece Bester Director, Secretary | 40 | $39,417 | |
Ms Debbie Bester Executive Director | Officer | 40 | $19,708 |
Mr Rudi Bester Director, Treasurer | Officer | 10 | $0 |
Mr Greg Free Board Director | Trustee | 0.5 | $0 |
Dr Venky Gopalaswamy Board Director | Trustee | 0.5 | $0 |
Mr Monclaude Nestor Board Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $72,273 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $72,273 |
| Total Program Service Revenue | $128,839 |
| Investment income | $2,257 |
| 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 | $24,537 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $227,906 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,938 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $5,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $54,910 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,215 |
| 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 | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,306 |
| Travel | $0 |
| 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 | $5,939 |
| All other expenses | $80 |
| Total functional expenses | $125,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,132 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $312 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,652 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $95,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,273 |
| Total assets | $255,549 |
| Accounts payable and accrued expenses | $5,436 |
| 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 | $1,637 |
| Total liabilities | $7,073 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $248,476 |
| Total liabilities and net assets/fund balances | $255,549 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memory Trees Corporation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Walter And Adi Blum Foundation Inc Palm Beach Gardens, FL PURPOSE: ESTABLISHING A GUITAR BUILDING WORKS | $5,000 |
Endowment Analysis
| Admin Expense | $250 |
| Net Contributions | $50,000 |
| Grants | $5,000 |
| Ending Balance | $44,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Save Crystal River Crystal River, FL | $721,587 | $6,999,378 |
Trees Atlanta Inc Atlanta, GA | $22,282,688 | $7,987,544 |
Underline Management Organization Inc Miami, FL | $297,490 | $1,360,071 |
Keep Brevard Beautiful Inc Cocoa, FL | $286,909 | $827,745 |
Community Greening Corp Boca Raton, FL | $200,689 | $868,723 |
Next Level Production And Promotions Vero Beach, FL | $113,958 | $631,686 |
Keep Tampa Bay Beautiful Inc Tampa, FL | $1,042,267 | $680,013 |
Chestatee-Chattahoochee Resource Conservation And Development Area Demorest, GA | $549,963 | $562,282 |
Alabama Pals Inc-People Against A Littered State Inc Montgomery, AL | $331,724 | $591,520 |
Keep Pinellas Beautiful Inc St Petersburg, FL | $354,515 | $755,582 |
Keep Athens-Limestone Beautiful Inc Athens, AL | $404,262 | $443,842 |
Keep North Fulton Beautiful Inc Sandy Springs, GA | $204,837 | $439,933 |