Greater Memphis Medical Device Council
- Assets
- $84.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bartlett, TN
- Founding
- 11/2014
- Data as of
- 06/2024
- EIN
- 47-1555557
Organization Overview
Greater Memphis Medical Device Council is located in Bartlett, TN. The organization was established in 2014. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Memphis Medical Device Council is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2024, Greater Memphis Medical Device Council generated $100.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $102.0k during the year ending 06/2024. 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
2024
Describe the Organization's Program Activity:
Part 3
THE COUNCIL IS ORGANIZED TO ADVANCE THE GROWTH AND PROSPERITY OF THE MEDICAL DEVICE INDUSTRY OF THE MEMPHIS MSA. THE COUNCIL IS TO SPEAK AS ONE VOICE ON MATTERS THAT ARE OF GENERAL IMPORTANCE TO THE ENTIRE INDUSTRY. THE COUNCIL REVIEWS LEGISLATION AND GOVERNMENT POLICIES THAT MAY HAVE AN ADVERSE IMPACT ON THE GROWTH AND SUBSTAINABILITY OF THE INDUSTRY. THE COUNCIL SERVES AS AN ECONOMIC DEVELOPMENT ENGINE FOR THE MEMPHIS MSA AND THE STATE OF TENNESSEE. THE COUNCIL IS ALSO RESPONSIBLE FOR INITIATING PROGRAMS THAT BENEFIT THE OVERALL INDUSTRY THROUGH EDUCATION, INNOVATION, AND TECHNOLOGY AND CAREER PATH CURRICULUMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Locke Executive Di | 0 | $0 | |
Jodie Gilmore Chairman | 0 | $0 | |
Michael Cook Vice Chairma | 0 | $0 | |
Josh Sullivan Secretary Tr | 0 | $0 | |
Patrick Fisher Board Member | 0 | $0 | |
Joe Ferrante Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $4,000 |
| Membership dues | $96,000 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,013 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,917 |
| Professional fees and other payments to independent contractors | $81,920 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $15 |
| Other expenses | $12,125 |
| Total expenses | $101,977 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,590 |
| Other assets | $0 |
| Total assets | $84,797 |
| Total liabilities | $19,624 |
| Net assets or fund balances | $65,173 |