Childrens Foundation Of Memphis
- Assets
- $31.5m
- Revenue
- $3.3m
- Investments
- $30.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 06/1983
- Data as of
- 12/2021
- EIN
- 62-0560292
Organization Overview
Childrens Foundation Of Memphis is located in Memphis, TN. The organization was established in 1983. According to its NTEE Classification (E50) the organization is classified as: Rehabilitative Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childrens Foundation Of 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 12/2021, Childrens Foundation Of Memphis generated $3.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 0.8% 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 2014, Childrens Foundation Of Memphis has awarded 103 individual grants totaling $18,357,012. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
GRANTS TO TAX-EXEMPT ORGANIZATIONS WITHIN THE MID-SOUTH AREA THAT PROVIDE FOR THE IMMEDIATE HEALTH AND WELL-BEING OF CHILDREN AS WELL AS PROVIDING FOR THE FUTURE THROUGH RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allison Cates Director | 1 | $0 | |
Brandon Morrison Director | 1 | $0 | |
Holley Mcgehee Director | 1 | $0 | |
Linda Mallory Director | 1 | $0 | |
Lucia Crenshaw Director | 1 | $0 | |
Irene Ayotte Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $102,974 |
| Interest on Savings | $149 |
| Dividends & Interest | $1,151,115 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,397 |
| Capital Gain Net Income | $194,397 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,825,826 |
| Total Revenue | $3,274,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $26,917 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $32,205 |
| Depreciation | $0 |
| Occupancy | $15,246 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,989 |
| Total operating and administrative expenses | $109,138 |
| Contributions, gifts, grants paid | $1,329,501 |
| Total expenses and disbursements | $1,438,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,306 |
| Savings and temporary cash investments | $1,549,032 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $29,950,902 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,521,240 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Childrens Foundation Of Memphis has awarded $1,329,501 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: EDUCATION | $564,109 |
LEBONHEUR PURPOSE: HEALTHCARE | $370,892 |
SALVATION ARMY PURPOSE: EDUCATION | $75,000 |
Memphis, TN PURPOSE: EDUCATION | $60,000 |
Memphis, TN PURPOSE: EDUCATION | $50,000 |
Memphis, TN PURPOSE: EDUCATION | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Childrens Foundation Of Memphis has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Brinkley Foundation Memphis, TN PURPOSE: CHARITABLE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Easter Seals Alabama Inc Montgomery, AL | $21,255,632 | $21,511,828 |
Carolina Seniorcare Newton, NC | $9,804,902 | $14,797,445 |
Pace At Home Inc Newton, NC | $2,211,670 | $12,836,180 |
Easter Seals Southern Georgia Inc Albany, GA | $7,171,282 | $10,180,657 |
Easter Seals Tennessee Inc Brentwood, TN | $7,243,675 | $12,361,774 |
Redwood School & Rehabilitation Center Inc Ft Mitchell, KY | $11,768,699 | $11,130,183 |
Sacred Heart Rehabilitation Institute Inc St Louis, MO | $2,876,670 | $6,756,835 |
Nextstep For Life Inc Mapaville, MO | $5,154,824 | $6,576,682 |
South Arkansas Developmental Center For Children And Families El Dorado, AR | $2,635,089 | $4,644,541 |
Ozark Independent Living West Plains, MO | $4,771,689 | $4,249,328 |
Barnabas Foundation Inc Springfield, MO | $14,001,581 | $6,706,566 |
Rainbow Center For Communicative Disorders Blue Springs, MO | $5,580,943 | $4,083,675 |