Greater Memphis Alliance For A Competitive Workforce
- Assets
- $0.0
- Revenue
- $313.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 08/2015
- Data as of
- 06/2022
- EIN
- 47-2411662
Organization Overview
Greater Memphis Alliance For A Competitive Workforce is located in Memphis, TN. The organization was established in 2015. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Memphis Alliance For A Competitive Workforce 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 06/2022, Greater Memphis Alliance For A Competitive Workforce generated $313.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $245.9k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (16.4%) per year over the past 7 years. 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
TO BUILD A PIPE-LINE OF HIGHLY SKILLED WORKERS TO ADDRESS THE NEEDS OF BUSINESSESS IN THE MIDSOUTH AREA. ITS TWO-PRONG STRATEGY FOCUSES ON PROVIDING EMPLOYERS ACCESS TO THE QUALITY WORKFORCE TALENT THEY NEED TO COMPETE AND CITIZENS THE ACCESS TO SKILLS THEY NEED TO OBTAIN GOOD JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GMACW WAS ESTABLISHED AS A CATALYST FOR SYSTEMS CHANGE AND TO SERVE EMPLOYERS IN MAJOR INDUSTRY SECTORS AS THEIR BROKER FOR WORKFORCE SOLUTIONS. GMACW IS THE ENTITY THAT WILL CREATE A STRONG SYSTEM TO INSURE THE NEEDS OF LOCAL BUSINESS AND INDUSTRY ARE MET BY THE LOCAL EDUCATION AND TRAINING INSTITUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Dyer Chairman | OfficerTrustee | 1 | $0 |
Cary Vaughn Vice Chairma | OfficerTrustee | 1 | $0 |
Reid Dulberger President | OfficerTrustee | 1 | $0 |
Gerre Currie Treasurer | OfficerTrustee | 1 | $0 |
Dr Florence Jones Secretary | OfficerTrustee | 1 | $0 |
Randy Richardson Edge Vice Pr | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$130,886 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $313,583 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,498 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,150 |
| 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 | $2,480 |
| Royalties | $0 |
| Occupancy | $14 |
| 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 | $169,211 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $245,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $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 | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Greater Memphis Alliance For A Competitive Workforce has recieved totaling $1,000,000.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: YR 2 & FINAL PAYMENT FOR STARTUP & OPERATIONS | $500,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: ANON. - WORKBAY VENDOR INITIALBUILD COSTS | $250,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: PAYMENT 1 OF 4 FOR 2016 WORKBAY PROJECT | $250,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laborers International Union Of North America Nashville, TN | $4,964,778 | $6,013,803 |
Hampton Roads Workforce Foundation Norfolk, VA | $965,149 | $1,519,079 |
My City Rides Memphis, TN | $3,890,052 | $1,767,387 |
Greater Memphis Alliance For A Competitive Workforce Memphis, TN | $0 | $313,583 |
Tlap Foundation Nashville, TN | $91,469 | $0 |
Not A Bad Apple Inc Columbus, GA | $0 | $0 |