Alzheimers & Dementia Services Of Memphis Inc
- Assets
- $4.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 20
- Location
- Memphis, TN
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 62-1179871
Organization Overview
Alzheimers & Dementia Services Of Memphis Inc is located in Memphis, TN. The organization was established in 1985. According to its NTEE Classification (G83) the organization is classified as: Alzheimers Disease, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 06/2022, Alzheimers & Dementia Services Of Memphis Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alzheimers & Dementia Services 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 06/2022, Alzheimers & Dementia Services Of Memphis Inc generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.1%) per year over the past 4 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
ALZHEIMER'S DEMENTIA SERVICES OF MEMPHIS, INC. IS A NOT-FOR-PROFIT VOLUNTARY HEALTH AND WELFARE AGENCY ESTABLISHED TO PROVIDE ADULT DAY CARE SERVICES TO PERSONS WITH ALZHEIMER'S DISEASE AND RELATED DISORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ADULT DAY CARE SERVICES AND PROGRAMS TO PERSONS WITH ALZHEIMER'S DESEASE AND RELATED DISORDERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katrina Thompson President | OfficerTrustee | 1 | $0 |
Leslie Smith-Thomas Vice President | OfficerTrustee | 1 | $0 |
Ellen Edge Treasurer | Trustee | 1 | $0 |
Brinders Jones MD Secretary | Trustee | 1 | $0 |
Vivian Collier-Nelson Director | OfficerTrustee | 1 | $0 |
Demetris Grahm Director | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $18,301 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $835,409 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $853,710 |
| Total Program Service Revenue | $313,660 |
| Investment income | $45 |
| 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 | $1,237,591 |
| 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 | $656,048 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,406 |
| Payroll taxes | $106,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,141 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $95,000 |
| 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 | $0 |
| Insurance | $25,577 |
| All other expenses | $319,501 |
| Total functional expenses | $1,233,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,791 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,861 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $154 |
| Prepaid expenses and deferred charges | $10,760 |
| Net Land, buildings, and equipment | $2,228,078 |
| Investments—publicly traded securities | $2,056,524 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,175 |
| Total assets | $4,350,343 |
| Accounts payable and accrued expenses | $71,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $71,330 |
| Net assets without donor restrictions | $3,617,380 |
| Net assets with donor restrictions | $661,633 |
| 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 | $4,350,343 |