The Tower Groups Inc
- Assets
- $9.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 62-1410150
Organization Overview
The Tower Groups Inc is located in Memphis, TN. The organization was established in 1990. According to its NTEE Classification (F21) the organization is classified as: Substance Abuse Prevention, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tower Groups 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, Tower Groups Inc generated $18.7k 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 (13.9%) each year. All expenses for the organization totaled $23.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.8%) 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
2021
Describe the Organization's Program Activity:
Part 3
THIS IS AN ALCOHOLICS ANONYMOUS MEETING GROUP, WHICHPROVIDES ASSISTANCE WITH ALCOHOL ABUSE PREVENTION FOR 365 DAYS PER YEAR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Archie Wolfe President | 20 | $0 | |
Rex Mcclasand Secretary | 1 | $0 | |
Rick Mckinny Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $18,726 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,726 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $330 |
| Occupancy, rent, utilities, and maintenance | $17,996 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,766 |
| Total expenses | $23,092 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,397 |
| Other assets | $0 |
| Total assets | $8,963 |
| Total liabilities | $0 |
| Net assets or fund balances | $8,963 |
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