Assisi Foundation Of Memphis Inc
- Assets
- $205.0m
- Revenue
- $18.7m
- Investments
- $202.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 62-1558722
Organization Overview
Assisi Foundation Of Memphis Inc is located in Memphis, TN. The organization was established in 1994. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assisi Foundation 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 12/2022, Assisi Foundation Of Memphis Inc generated $18.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $12.4m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 4 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.
Since 2020, Assisi Foundation Of Memphis Inc has awarded 207 individual grants totaling $36,956,236. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack A Belz Director | 1 | $0 | |
Thomas C Farnsworth III Director | 1 | $0 | |
Harry Goldsmith Director | 0 | $0 | |
Nisha Powers Director | 0 | $0 | |
Carol Johnson Dean Director | 1 | $0 | |
Molitor Ford Jr Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dixon Hughes Goodman | 12/30/22 | $51,967 |
Capital Group Investments | 12/30/22 | $536,370 |
Gant Systems | 12/30/22 | $26,119 |
Michael Hatcher Associates | 12/30/22 | $18,284 |
Vanguard Investments | 12/30/22 | $172,565 |
Capital Group Investments | 12/30/22 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,929,056 |
| Interest on Savings | $26 |
| Dividends & Interest | $3,818,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $922,394 |
| Capital Gain Net Income | $922,394 |
| Net ST Capital Gain | $922,394 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $18,670,140 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $295,233 |
| Other employee salaries and wages | $424,162 |
| Pension plans, employee benefits | $66,881 |
| Interest | $0 |
| Taxes | $50,536 |
| Depreciation | $102,032 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $8,497 |
| Printing and publications | $0 |
| Other expenses | $368,939 |
| Total operating and administrative expenses | $2,060,507 |
| Contributions, gifts, grants paid | $10,360,140 |
| Total expenses and disbursements | $12,420,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $369,571 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $60,152 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $7,451,908 |
| Net Land, buildings, and equipment | $2,623,725 |
| Other assets | $1 |
| Total assets | $205,049,009 |
| Accounts payable and accrued expenses | $201,173 |
| Grants payable | $546,664 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $747,837 |
Grants Awarded
Over the last fiscal year, Assisi Foundation Of Memphis Inc has awarded $11,043,300 in support to 47 organizations.
| Grant Recipient | Amount |
|---|---|
MEMPHIS TEACHER RESIDENCY PURPOSE: RESIDENCY PROGRAM | $40,000 |
AFM INITIATIVES PURPOSE: BOD AFM INITIATIVES | $348,746 |
SHELBY RESIDENTIAL VOCATIONAL SERVI PURPOSE: EXPANDING INDEPENDENCE COACH MODEL | $500,000 |
MEMPHIS FOURTH ESTATE PURPOSE: DAILY MEMPHIAN | $100,000 |
WREG PURPOSE: KNOWLEDGE BOWL | $15,000 |
JUNIOR ACHIEVEMENT OF MEMPHIS PURPOSE: CHANGING THE NARRATIVE | $85,000 |