Womens Foundation For A Greater Memphis
- Assets
- $8.4m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Memphis, TN
- Founding
- 09/2002
- Data as of
- 06/2022
- EIN
- 58-2207247
Organization Overview
Womens Foundation For A Greater Memphis is located in Memphis, TN. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2022, Womens Foundation For A Greater Memphis employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Foundation For A Greater Memphis 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, Womens Foundation For A Greater Memphis generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $3.0m during the year ending 06/2022. While expenses have increased by 4.2% per year over the past 7 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.
Since 2015, Womens Foundation For A Greater Memphis has awarded 278 individual grants totaling $6,167,683. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE WOMEN'S PROGRAMS AND LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS AND ASSISTANCE TO ORGANIZATIONS THAT ENCOURAGE WOMEN AND CHILDREN TO DEVELOP LEADERSHIP POTENTIAL AND FINANCIAL SECURITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trevia Chatman Director | Trustee | 1 | $0 |
Marcia Bowden-Marche MD Co-Chair | Trustee | 1 | $0 |
Beverly Cross PHD Director | Trustee | 1 | $0 |
Mary H Mcdaniel Director | Trustee | 1 | $0 |
Christine Gant Director | Trustee | 1 | $0 |
Susan Stephenson Vision 2025 Development Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $77,143 |
| Related organizations | $0 |
| Government grants | $104,015 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,208,045 |
| Noncash contributions included in lines 1a–1f | $77,143 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,389,203 |
| Total Program Service Revenue | $0 |
| Investment income | $41,026 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $118,043 |
| Net Income from Fundraising Events | $236,603 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,791,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,538,628 |
| 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. | $339,477 |
| Compensation of current officers, directors, key employees. | $67,895 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,364 |
| Pension plan accruals and contributions | $67,948 |
| Other employee benefits | $0 |
| Payroll taxes | $51,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,500 |
| 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 | $87,125 |
| Advertising and promotion | $28,561 |
| Office expenses | $5,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $102,434 |
| Travel | $2,518 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,459 |
| Interest | $75 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,334 |
| Insurance | $3,313 |
| All other expenses | $42,306 |
| Total functional expenses | $2,956,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,319,130 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,329,582 |
| Accounts receivable, net | $58,888 |
| 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 | $31,770 |
| Net Land, buildings, and equipment | $39,112 |
| Investments—publicly traded securities | $1,595,823 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,935 |
| Total assets | $8,382,240 |
| Accounts payable and accrued expenses | $138,405 |
| Grants payable | $1,287,117 |
| 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 | $1,425,522 |
| Net assets without donor restrictions | $5,803,856 |
| Net assets with donor restrictions | $1,152,862 |
| 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 | $8,382,240 |
Grants Awarded
Over the last fiscal year, Womens Foundation For A Greater Memphis has awarded $1,318,639 in support to 43 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCE MEMPHIS PURPOSE: VARIOUS | $50,000 |
A STEP AHEAD FOUNDATION PURPOSE: VARIOUS | $33,000 |
BIG BROTHERS BIG SISTERS PURPOSE: VARIOUS | $15,000 |
BOOKER T WASHINGTON SCHOOL PURPOSE: VARIOUS | $15,000 |
BOYS & GIRLS CLUBS OF GREATER MEMPHIS PURPOSE: VARIOUS | $30,000 |
CODECREW PURPOSE: VARIOUS | $35,800 |