Memphis Advertising Federation Inc
- Assets
- $108.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/1982
- Data as of
- 06/2022
- EIN
- 62-1093951
Organization Overview
Memphis Advertising Federation Inc is located in Memphis, TN. The organization was established in 1982. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Advertising Federation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Memphis Advertising Federation Inc generated $68.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $68.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (13.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE, EMPOWER AND RECOGNIZE THE PROFESSIONAL GROWTH OF MARKETING COMMUNICATION SPECIALIST.
Describe the Organization's Program Activity:
Part 3
ADDY AWARDS - THE ORGANIZATION RECEIVED $154,575 IN IN-KIND SERVICE CONTRIBUTIONS FROM ARCHER MALMO FOR THE 2016 CEREMONY
LUNCHEON MEETINGS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Fudge President | 10 | $0 | |
Katie Mars First Vice President | 3 | $0 | |
Daniel Scruggs Second Vice President | 2 | $0 | |
Karen Mckenzie Immediate Past President | 2 | $0 | |
Nikii Richey Executive Director | 20 | $8,100 | |
Eli Bates Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,460 |
| Total Program Service Revenue | $35,841 |
| Membership dues | $21,188 |
| Investment income | $3,224 |
| Gain or Loss | $4,238 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $418 |
| Total Revenue | $68,369 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,500 |
| Professional fees and other payments to independent contractors | $4,950 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,165 |
| Total expenses | $68,615 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,534 |
| Other assets | $0 |
| Total assets | $108,131 |
| Total liabilities | $4,993 |
| Net assets or fund balances | $103,138 |