Memphis Black Arts Alliance Inc
- Assets
- $100.1k
- Revenue
- $136.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Memphis, TN
- Founding
- 05/1985
- Data as of
- 06/2021
- EIN
- 58-1605133
Organization Overview
Memphis Black Arts Alliance Inc is located in Memphis, TN. The organization was established in 1985. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Memphis Black Arts Alliance Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Black Arts Alliance Inc 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 06/2021, Memphis Black Arts Alliance Inc generated $136.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $161.9k during the year ending 06/2021. While expenses have increased by 7.9% per year over the past 6 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
MEMPHIS BLACK ARTS ALLIANCE IS DEDICATED TO IMPROVING THE QUALITY OF LIFE AND ECONOMIC WELL BEING OF GREATER MEMPHIS THROUGH PRESERVATION, CELEBRATION AND ADVANCEMENT OF AFRICAN AMERICAN ARTS, LITERATURE AND CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOULS-A-FIRE A TALENTED GROUP OF YOUNG PEOPLE THAT PERFORMS IN THE GREATER MEMPHIS AREA SINGING, DANCING, ACTING, AND PERFORMING MUSIC AS AN EXPRESSION OF THEIR TALENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marquez Rhyne Advisory Member | OfficerTrustee | 2 | $0 |
Larjuanette Williams Executive Director | Officer | 40 | $0 |
Darryl Wayne Murray President | Trustee | 2 | $0 |
Evelyn Young Vice President | Trustee | 2 | $0 |
Valetta Brinson Secretary | Trustee | 2 | $0 |
Sharon Woody Treasurer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $87,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $49,174 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $136,598 |
| 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 | $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 | $136,598 |
| 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. | $48,000 |
| Compensation of current officers, directors, key employees. | $48,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $30,769 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,428 |
| Fees for services: Management | $11,150 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,670 |
| Advertising and promotion | $1,645 |
| Office expenses | $9,695 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $25,370 |
| Travel | $1,163 |
| 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 | $5,008 |
| Insurance | $3,079 |
| All other expenses | $614 |
| Total functional expenses | $161,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,967 |
| 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 | $84,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $100,106 |
| 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 | $42,295 |
| Total liabilities | $42,295 |
| Net assets without donor restrictions | $57,811 |
| 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 | $100,106 |
Grants Awarded
Over the last fiscal year, Memphis Black Arts Alliance Inc has awarded $67,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTMAS AND HOLIDAY CREATIONS PURPOSE: Pass thru Grant for Soulville community for christmas decoration | $35,000 |
ALLENBY KLINE LLC PURPOSE: Pass thru grant for Soulsville Community | $16,748 |
ACTION FIRE PROTECTION PURPOSE: Pass thru grant for Soulsville Community | $10,000 |
RUSHING MECHANICAL CONTRACTOR INC PURPOSE: Pass thru Grant for Soulsville Neighborhoods Development District for the repairs on aircondtioning to building used to distribute food commodities for the Heath Department. | $5,252 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Memphis Black Arts Alliance Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $6,000 |
Vintage 901 Incorporated Memphis, TN PURPOSE: Operational Support | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ethics Officer Association Vienna, VA | $1,991,466 | $1,977,981 |
Urbanart Commission Memphis, TN | $1,686,697 | $1,853,429 |
Stable Value Investment Association Inc Alexandria, VA | $1,094,024 | $905,032 |
Bentonville Christian Academy Bentonville, AR | $644,986 | $1,107,321 |
St Louis Contracting Painters & Decorators Industry Advancement Fu Saint Louis, MO | $303,119 | $625,301 |
Academy Of Physical Therapy Education Inc Marietta, GA | $2,569,747 | $590,707 |
Second Chance Dv Sa Shelter Wynne, AR | $158,664 | $471,113 |
Kentucky Association Of School Superintendents Incorporated Frankfort, KY | $328,461 | $446,057 |
Conservative Action League Fairfax, VA | $190,097 | $475,074 |
James I Freeman Charitable Trust Texarkana, AR | $4,140,809 | $174,645 |
Milledgeville-Baldwin County Allied Arts Inc Milledgeville, GA | $287,988 | $217,931 |
Memphis Black Arts Alliance Inc Memphis, TN | $100,106 | $136,598 |