Memphis & Shelby County Film And Television Commission Foundation
- Assets
- $251.9k
- Revenue
- $400.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 12/1987
- Data as of
- 06/2022
- EIN
- 62-1287896
Organization Overview
Memphis & Shelby County Film And Television Commission Foundation is located in Memphis, TN. The organization was established in 1987. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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 & Shelby County Film And Television Commission Foundation 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, Memphis & Shelby County Film And Television Commission Foundation generated $400.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $391.6k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
THE COMMISSION IS THE OFFICIAL CITY/COUNTY ECONOMIC DEVELOPMENT AGENCY FOR FILM AND TELEVISION. THE COMMISSION IS NOT AN ARTS AGENCY --NOR IS IT A TRADE ASSOCIATION. RATHER, THE COMMISSION OFFICE WORKS PRIMARILY TO ASSIST AND/OR RECRUIT FUNDED PROJECTS WHICH WILL ECONOMICALLY IMPACT MULTIPLE SECTORS OF THE LOCAL COMMUNITYLOCAL HIRES, LOCAL VENDORS, ETC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURNING THE 2021-2022 FISCAL YEAR, THE FOUNDATION'S CLIENTS SPENT $3,600,508 IN PRODUCTION DOLLARS IN THE COMMUNITY ON THE FOLLOWING TYPES OF PROJECTS: TELEVISION MOVIES/FEATURES $613,000; DOCUMENTARIES $85,000; ONLINE CONTENT $169,583; COMMERCIALS $1,221,210; MUSIC VIDEOS $83,000; SHORT FILMS $70,048; PROMOTIONAL/CORPORATE VIDEOS $306,737; STILL PHOTOGRAPHY $65,000 AND TELEVISION SERIES $986,930.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gale Jones Carson Chairwoman | OfficerTrustee | 3 | $0 |
Alice Boldreghini George Vice-Chairwoman | OfficerTrustee | 1 | $0 |
Dr Susan Murrman Treasurer | OfficerTrustee | 1 | $0 |
Fabian Matthews Secretary | OfficerTrustee | 1 | $0 |
Dr O'farrell Shoemaker Chairman, Budget & Finance | OfficerTrustee | 1 | $0 |
Kevin Brooks Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $400,000 |
| Investment income | $0 |
| 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 | $400,000 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $32,794 |
| Office expenses | $15,404 |
| Information technology | $2,240 |
| Royalties | $0 |
| Occupancy | $20,351 |
| Travel | $6,925 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,000 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,881 |
| All other expenses | $0 |
| Total functional expenses | $391,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $250,358 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,500 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $251,858 |
| Accounts payable and accrued expenses | $92,954 |
| 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 | $92,954 |
| Net assets without donor restrictions | $158,904 |
| 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 |
| Total liabilities and net assets/fund balances | $158,904 |