Womans Exchange Of Memphis Inc
- Assets
- $865.7k
- Revenue
- $486.1k
- Investments
- $0.0
- Employees
- 8
- Location
- Memphis, TN
- Founding
- 11/1957
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Womans Exchange Of Memphis Inc generated $486.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $410.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 7 years. 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 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.
TEA ROOM--TO HELP FAMILIARIZE THE PUBLIC WITH PROGRAMS AND ENCOURAGE PURCHASE OF CONSIGNED GOODS, BENEFITING THE POOR.
MEMBERSHIP DUES AND OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcia Anthony Vice Preside | OfficerTrustee | 1.25 | $0 |
Mary Holzemer Treasurer | OfficerTrustee | 2.75 | $0 |
Barbara Arnold Recording Se | OfficerTrustee | 0.75 | $0 |
Susan Colwell Asst. Treasu | OfficerTrustee | 2 | $0 |
Anne Holzemer President | OfficerTrustee | 6 | $0 |
Beverly Mankey Correspond S | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $80,164 |
| All other contributions, gifts, grants, and similar amounts not included above | $57,622 |
| Noncash contributions included in lines 1a–1f | $308 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,786 |
| Total Program Service Revenue | $16,870 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$311 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $331,198 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $486,103 |
| 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 | $206,964 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,960 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,885 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,088 |
| Office expenses | $17,037 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,416 |
| 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 | $13,720 |
| Insurance | $14,874 |
| All other expenses | $47,165 |
| Total functional expenses | $410,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,818 |
| 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 | $915 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $363,460 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $309,468 |
| Total assets | $865,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $5,210 |
| 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 | $33,443 |
| Total liabilities | $38,653 |
| Net assets without donor restrictions | $827,008 |
| 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 | $865,661 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Womans Exchange Of Memphis Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Gene & Neddie Mae Elkus Family Foundation Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $500 |
Endowment Analysis
Peer Organizations
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|---|---|---|
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Opportunities Industrialization Center Inc Rocky Mount, NC | $10,127,019 | $21,768,634 |
Skills Usa Inc Leesburg, VA | $8,575,895 | $14,271,991 |
Southeast Community Capital Corporation Nashville, TN | $264,396,878 | $22,555,455 |
Southwest Alabama Partnership For Training And Employment Inc Mobile, AL | $2,770,516 | $12,222,275 |
Tech Alabama Birmingham, AL | $26,385,584 | $28,965,281 |
Northern Middle Tennessee Local Workforce Development Board Inc Clarksville, TN | $2,905,431 | $10,764,896 |
Workforce Essentials Inc Clarksville, TN | $30,139,027 | $9,106,360 |
The Mission Continues Saint Louis, MO | $10,410,766 | $11,093,875 |
Shoals Committee On Program & Employment For Mental Retardation Florence, AL | $3,365,103 | $6,331,410 |
Lee Initiative Inc Louisville, KY | $1,578,527 | $6,114,008 |
Veterans Of Foreign Wars Foundation Kansas City, MO | $17,866,324 | $5,347,334 |