Memphis Urban League Inc
- Assets
- $855.1k
- Revenue
- $741.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Memphis, TN
- Founding
- 07/1959
- Data as of
- 12/2021
- EIN
- 62-0481465
Organization Overview
Memphis Urban League Inc is located in Memphis, TN. The organization was established in 1959. According to its NTEE Classification (P22) the organization is classified as: Urban League, under the broad grouping of Human Services and related organizations. As of 12/2021, Memphis Urban League Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Urban League 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 12/2021, Memphis Urban League Inc generated $741.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $598.5k during the year ending 12/2021. While expenses have increased by 3.6% 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
TO ASSIST AFRICAN AMERICANS AND OTHER MINORITIES TO EXPAND THEIR FINANCIAL WELL-BEING THROUGH VOCATIONAL TRAINING, JOB PLACEMENT, HOUSING AND OTHER ASSISTANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDED WORKFORCE READINESS TRAINING TO AFRICAN-AMERICANS AND OTHER MINORITIES WHO FACED SYSTEMIC ECONOMIC DISADVANTAGES BECAUSE OF UNEMPLOYMENT, LACK OF AFFORDABLE HOUSING AND OTHER SOCIO-ECONOMIC DISADVANTAGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tonja Sesley Fifer Chief Exec Officer | 40 | $146,898 | |
Felicia Bean Barnes Chairperson | OfficerTrustee | 5 | $0 |
Latricea Adams Secretary | OfficerTrustee | 2 | $0 |
Sherman Greer Vice Chair | OfficerTrustee | 2 | $0 |
Edward Stephens Treasurer | OfficerTrustee | 2 | $0 |
Sidney Malone Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $103,650 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $523,129 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $646,779 |
| Total Program Service Revenue | $0 |
| Investment income | $23,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,622 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $741,805 |
| 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. | $145,000 |
| Compensation of current officers, directors, key employees. | $47,445 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,846 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,413 |
| Payroll taxes | $17,507 |
| Fees for services: Management | $146,898 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,161 |
| Office expenses | $12,154 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,744 |
| Travel | $16,123 |
| 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 | $12,753 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $598,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,731 |
| Savings and temporary cash investments | $215,250 |
| Pledges and grants receivable | $47,500 |
| 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 | $2,427 |
| Net Land, buildings, and equipment | $34,239 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $855,147 |
| Accounts payable and accrued expenses | $44,287 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $173,958 |
| 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 | $218,245 |
| Net assets without donor restrictions | $589,402 |
| 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 | $855,147 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Memphis Urban League Inc has recieved totaling $185,634.
| Awarding Organization | Amount |
|---|---|
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $105,634 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $42,500 |
E Pluribus Unum Institute New Orleans, LA PURPOSE: GENERAL SUPPORT | $37,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban League Of Metropolitan St Louis Saint Louis, MO | $53,209,023 | $45,505,292 |
Louisville Urban League Louisville, KY | $47,249,724 | $15,688,464 |
The Urban League Of Greater Atlanta Inc Atlanta, GA | $2,051,620 | $5,919,436 |
Urban League Of Central Carolinas Inc Charlotte, NC | $2,303,776 | $1,972,746 |
Winston-Salem Urban League Winston Salem, NC | $877,796 | $1,706,215 |
Urban League Of Middle Tennessee Nashville, TN | $5,962,009 | $1,476,248 |
Knoxville Area Urban League Knoxville, TN | $6,555,175 | $1,957,738 |
Urban League Of Hampton Roads Inc Norfolk, VA | $1,262,658 | $1,985,456 |
Urban League Of Lexington-Fayette Co Lexington, KY | $1,397,257 | $1,059,640 |
Memphis Urban League Inc Memphis, TN | $855,147 | $741,805 |
Urban League Of Greater Columbus Inc Columbus, GA | $0 | $507,396 |
Northern Virginia Urban League Inc Alexandria, VA | $535,412 | $321,758 |