Womans Exchange Of Memphis Inc
- Assets
- $850.7k
- Revenue
- $474.6k
- Investments
- $0.0
- Employees
- 8
- Location
- Memphis, TN
- Founding
- 11/1957
- Data as of
- 12/2022
- EIN
- 62-0585146
Organization Overview
Womans Exchange Of Memphis Inc is located in Memphis, TN. The organization was established in 1957. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2022, Womans Exchange Of Memphis Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womans Exchange Of Memphis 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 12/2022, Womans Exchange Of Memphis Inc generated $474.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $441.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO HELP INDIGENT AND HANDICAPPED INDIVIDUALS BY PROVIDING A MEANS AND OUTLET FOR THEM TO PRODUCE AND SELL GIFTS AND CRAFT ITEMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFT SHOP--TO PROVIDE AN OUTLET FOR INDIGENT OR HANDICAPPED INDIVIDUALS WHO CRAFT GOODS TO SELL, PROVIDING THEM WITH INCOME AN PURPOSE TO THEIR LIVES.
MEMBERSHIP DUES AND OTHER.
TEA ROOM--TO HELP FAMILIARIZE THE PUBLIC WITH PROGRAMS AND ENCOURAGE PURCHASE OF CONSIGNED GOODS, BENEFITING THE POOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Anthony President | OfficerTrustee | 8 | $0 |
Marilyn Barbee Director | Trustee | 49.92 | $0 |
Susan Colwell Treasurer | OfficerTrustee | 2.5 | $0 |
Kelly Cunningham Director | Trustee | 13.46 | $0 |
Debbie Florendo Correspond S | OfficerTrustee | 6 | $0 |
Sandy Hackett Director | Trustee | 0.48 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,449 |
| Total Program Service Revenue | $15,315 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $248 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $406,558 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $474,579 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $212,856 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,665 |
| Office expenses | $22,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,671 |
| 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 | $12,870 |
| Insurance | $15,002 |
| All other expenses | $39,188 |
| Total functional expenses | $441,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,021 |
| Savings and temporary cash investments | $0 |
| 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 | $390,841 |
| Investments—publicly traded securities | $256,536 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,276 |
| Total assets | $850,674 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,130 |
| 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 | $29,809 |
| Total liabilities | $37,939 |
| Net assets without donor restrictions | $812,735 |
| 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 | $850,674 |