Memory Matters
- Assets
- $3.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 17
- Location
- Hilton Head Island, SC
- Founding
- 01/1998
- Data as of
- 12/2021
- EIN
- 58-2291775
Organization Overview
Memory Matters is located in Hilton Head Island, SC. The organization was established in 1998. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Memory Matters employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memory Matters 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 12/2021, Memory Matters generated $1.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CENTER OF EXCELLENCE WHICH PROVIDES BOTH MEMORY CARE AND PROACTIVE BRAIN WELLNESS EDUCATION IN ORDER TO INSTILL A HOPEFUL FUTURE AND ENHANCE OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPTIMIZE BRAIN WELLNESS AND MEMORY CARE THROUGH EDUCATION, PROGRAMS AND SUPPORT FOR INDIVIDUALS, CAREGIVERS, AND OUR LOWCOUNTRY COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Gilmour President | OfficerTrustee | 3 | $0 |
Kim Baretta Vice Preside | OfficerTrustee | 1 | $0 |
Ted Orban Treasurer | OfficerTrustee | 2 | $0 |
Linda Fiore Secretary | OfficerTrustee | 2 | $0 |
Malcom Binks Director | Trustee | 1 | $0 |
George Bafundo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,836 |
| Related organizations | $0 |
| Government grants | $175,461 |
| All other contributions, gifts, grants, and similar amounts not included above | $667,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,162 |
| Total Program Service Revenue | $177,326 |
| Investment income | $20,774 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $55,108 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,230,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $10,334 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $126,521 |
| Compensation of current officers, directors, key employees. | $8,856 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $619,399 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,099 |
| Payroll taxes | $55,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,409 |
| Advertising and promotion | $16,009 |
| Office expenses | $8,164 |
| Information technology | $9,313 |
| Royalties | $0 |
| Occupancy | $51,781 |
| 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 | $68,740 |
| Insurance | $50,564 |
| All other expenses | $4,268 |
| Total functional expenses | $1,178,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $181,683 |
| Savings and temporary cash investments | $173,238 |
| 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 | $1,278,838 |
| Investments—publicly traded securities | $1,573,768 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,421 |
| Other assets | $0 |
| Total assets | $3,212,948 |
| 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 | $2,734,169 |
| Net assets with donor restrictions | $478,779 |
| 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 | $3,212,948 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memory Matters has recieved totaling $125,221.
| Awarding Organization | Amount |
|---|---|
Heritage Classic Foundation Hilton Head Island, SC PURPOSE: GENERAL FUND | $125,221 |
Endowment Analysis
| Beg. Balance | $311,233 |
| Earnings | $50,293 |
| Admin Expense | $2,933 |
| Ending Balance | $358,593 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Legacy Link Inc Oakwood, GA | $6,797,475 | $15,898,819 |
Community Services For The Aging Inc Spartanburg, SC | $6,254,795 | $11,281,372 |
Aging Disability & Transit Services Of Rockingham County Reidsville, NC | $8,070,642 | $11,439,316 |
Senior Services Inc Winstonsalem, NC | $22,278,206 | $15,636,681 |
Senior Solutions Anderson, SC | $13,549,787 | $8,561,029 |
Resources For Seniors Raleigh, NC | $2,163,318 | $7,658,467 |
Middle Flint Council On Aging Inc Americus, GA | $21,707,476 | $7,638,632 |
Sowega Council On Aging Inc Albany, GA | $10,730,757 | $6,707,092 |
Meals On Wheels Atlanta Inc Atlanta, GA | $8,275,211 | $6,182,637 |
Community And Senior Services Of Johnston County Inc Smithfield, NC | $7,273,374 | $7,995,057 |
Trident Area Agency On Aging Inc Charleston, SC | $804,669 | $5,585,408 |
Brunswick Senior Resources Inc Shallotte, NC | $2,947,103 | $5,128,096 |