Leadership Memphis
- Assets
- $3.0m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Memphis, TN
- Founding
- 01/1979
- Data as of
- 06/2022
- EIN
- 62-1043517
Organization Overview
Leadership Memphis is located in Memphis, TN. The organization was established in 1979. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2022, Leadership Memphis employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership 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 06/2022, Leadership Memphis generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.1%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE PREPARE AND MOBILIZE LEADERS TO WORK TOGETHER FOR THE GOOD OF THE WHOLE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING FY2022 LEADERSHIP MEMPHIS OFFERED TWO PROGRAMS: THE EXECUTIVE PROGRAM AND THE FASTTRACK PROGRAM. A TOTAL OF 102 INDIVIDUALS COMPLETED AND GRADUATED FROM THEIR RESPECTIVE PROGRAM. EXECUTIVE PROGRAM PARTICIPANTS COMPLETED 120 HOURS OF COURSE WORK AND FASTTRACK PARTICIPANTS 40 HOURS. MORE THAN 120+ LEARNING JOURNEYS TOOK PLACE OUTSIDE THE CLASS SETTING AND 120+ DOING JOURNEYS (VOLUNTEER PROJECTS) WERE COMPLETED IN CONJUNCTION WITH VOLUNTEER MEMPHIS. THE EXECUTIVES ENGAGED IN SERVICE AND LEARNING PROJECTS IN EIGHT DISADVANTAGED NEIGHBORHOODS AROUND THE CITY OF MEMPHIS
VOLUNTEER MEMPHIS (VM) WAS PREVIOUSLY KNOWN AS VOLUNTEER MID-SOUTH. IT BECAME AN ACTION INITIATIVE OF LEADERSHIP MEMPHIS IN 2015 AND STRIVES TO INCREASE VOLUNTEERISM THROUGHOUT THE MEMPHIS AREA. DURING FY2022 VM PRODUCED THE 4-DAY MLK DAYS OF SERVICE FEATURING 44 SERVICE PROJECTS WITH 20 COMMUNITY PARTNERS AND MORE THAN 1,705 VOLUNTEERS. HELD THREE VM HEALTH FAIRS WITH 300 ATTENDEES. VM ALSO HOSTED THE VOLUNTEER MEMPHIS AWARDS TO RECOGNIZE THE 300,000 PEOPLE WHO VOLUNTEER IN THE MEMPHIS AREA EVERY YEAR. NEARLY 300 INDIVIDUALS, NONPROFITS AND BUSINESSES WERE NOMINATED FOR AWARDS IN 8 CATEGORIES AND THE AWARDS VIRTUAL RECEPTION HAD MORE THAN 400 ATTENDEES PRE AND POST EVENT. COMPANIES WORK WITH VOLUNTEER MEMPHIS TO ORGANIZE EMPLOYEE SERVICE PROJECTS AND INDIVIDUALS, FAMILIES AND TEAMS CAN VISIT THE VM WEBSITE TO FIND VOLUNTEER OPPORTUNITIES POSTED BY NONPROFITS IN SEARCH OF VOLUNTEERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Lynch Board Member | Trustee | 1 | $0 |
Reginald Porter Jr Immediate Past Chair | OfficerTrustee | 1 | $0 |
Valerie Morris Non Voting | OfficerTrustee | 1 | $0 |
Shirley Ford Chair | OfficerTrustee | 1 | $0 |
Shunji Brown-Woods Board Member | Trustee | 1 | $0 |
Vernon Stafford Jr Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $100,485 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $134,749 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,041,188 |
| Noncash contributions included in lines 1a–1f | $12,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,276,422 |
| Total Program Service Revenue | $317,047 |
| Investment income | $32,406 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,625,875 |
| 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. | $103,472 |
| Compensation of current officers, directors, key employees. | $11,766 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $404,308 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,634 |
| Payroll taxes | $37,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,501 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $20,461 |
| Fees for services: Other | $148,818 |
| Advertising and promotion | $403,561 |
| Office expenses | $0 |
| Information technology | $64,519 |
| Royalties | $0 |
| Occupancy | $89,851 |
| Travel | $14,872 |
| 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 | $13,552 |
| Insurance | $0 |
| All other expenses | $34,381 |
| Total functional expenses | $1,584,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $507,539 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,312 |
| Accounts receivable, net | $534,370 |
| 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 | $26,159 |
| Net Land, buildings, and equipment | $12,024 |
| Investments—publicly traded securities | $1,876,884 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,977,288 |
| Accounts payable and accrued expenses | $131,864 |
| Grants payable | $0 |
| Deferred revenue | $286,020 |
| 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 | $417,884 |
| Net assets without donor restrictions | $1,916,172 |
| Net assets with donor restrictions | $643,232 |
| 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 | $2,977,288 |