Memphis Athletic Ministries Inc
- Assets
- $912.1k
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 126
- Location
- Memphis, TN
- Founding
- 12/1998
- Data as of
- 07/2021
- EIN
- 62-1751253
Organization Overview
Memphis Athletic Ministries Inc is located in Memphis, TN. The organization was established in 1998. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. As of 07/2021, Memphis Athletic Ministries Inc employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Athletic Ministries 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 07/2021, Memphis Athletic Ministries Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.0%) each year. All expenses for the organization totaled $3.2m during the year ending 07/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
MEMPHIS ATHLETIC MINISTRIES, INC.'S ("MAM") MISSION IS TO COACH, GROW, AND LEAD THE YOUTH OF MEMPHIS BY HELPING THEM DISCOVER THEIR IDENTITY IN CHRIST AND THEIR PURPOSE IN THE COMMUNITY. MAM'S VISION IS TO SEE IDENTITY FOUND, HOPE RESTORED, AND LIVES CHANGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMPHIS ATHLETIC MINISTRIES, INC. PROVIDES YEAR-ROUND MENTORING TO AT-RISK YOUTH, AGES 8-18, IN UNDER-RESOURCED NEIGHBORHOODS THROUGH 8 YOUTH CENTERS THAT CURRENTLY SERVE OVER 700 YOUTH DAILY. MAM'S PROGRAMS- OPEN RECREATION, ORGANIZED TEAM SPORTS, ACADEMIC ENRICHMENT, FINANCIAL LITERACY/PERSONAL FINANCIAL MANAGEMENT, LIFE SKILLS AND SPIRITUAL TRAINING- ADDRESS THE PHYSICAL, MENTAL, EMOTIONAL, SOCIAL AND SPIRITUAL DEVELOPMENT NEEDS OF THE SERVED YOUTH. MAM, IN PARTNERSHIP WITH FAMILIES/SCHOOLS/COMMUNITY ORGANIZATIONS, IMPLEMENTS A THREE STEP STRATEGY TO TEACH THE YOUTH TO LOVE GOD, OTHERS AND THEMSELVES: 1) ATTRACT PARTICIPATION USING ORGANIZED SPORTS2) CREATE A NURTURING ENVIRONMENT THROUGH SMALL MENTORING GROUPS 3) PROVIDE COMPREHENSIVE PROGRAMSMAM'S PROGRAM RESULTS HAVE BEEN DOCUMENTED- 98% OF ACTIVE PARTICIPANTS AND 95% OF PARTICIPANTS' PARENTS REPORTED POSITIVE DIFFERENCE IN THE YOUTH AS A RESULT OF PARTICIPATING IN MAM'S PROGRAMS. MAM ALSO PARTNERS WITH CHURCHES/SCHOOLS/OTHER ORGANIZATIONS TO OFFER COMMUNITY-WIDE SPORTS LEAGUES WHICH PROMOTE COMMUNITY INVOLVEMENT AND BRIDGE GEOGRAPHIC/CULTURAL/SOCIO-ECONOMIC DIFFERENCES TO 8,000+ PARTICIPANTS (65% URBAN; 35% NON-URBAN).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kim Cherry Interim CEO | Officer | 40 | $124,342 |
Jonathan Torres Chief Operations Officer | Officer | 40 | $103,115 |
Kevin Windsor Chief Financial Officer | Officer | 40 | $83,365 |
Dallas Geer Director | Trustee | 1 | $0 |
Tread Thompson Director | Trustee | 1 | $0 |
Elliot Perry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $405,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,897,500 |
| Noncash contributions included in lines 1a–1f | $33,201 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,303,172 |
| Total Program Service Revenue | $77,825 |
| 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 | $3,306 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,384,303 |
| 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. | $264,202 |
| Compensation of current officers, directors, key employees. | $132,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,641,117 |
| Pension plan accruals and contributions | $68,168 |
| Other employee benefits | $297,830 |
| Payroll taxes | $148,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $114,475 |
| Advertising and promotion | $12,390 |
| Office expenses | $33,238 |
| Information technology | $17,538 |
| Royalties | $0 |
| Occupancy | $78,599 |
| Travel | $22,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $61,220 |
| Insurance | $95,911 |
| All other expenses | $101 |
| Total functional expenses | $3,211,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $680,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,575 |
| 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 | $32,444 |
| Net Land, buildings, and equipment | $179,179 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $912,088 |
| Accounts payable and accrued expenses | $80,377 |
| 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 | $80,377 |
| Net assets without donor restrictions | $831,711 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $912,088 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Memphis Athletic Ministries Inc has recieved totaling $748,997.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $626,350 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $28,000 |
Slingshot Memphis Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $21,734 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $20,750 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $19,300 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodhaven Learning Center Columbia, MO | $17,651,573 | $16,164,282 |
Chesterfield Food Bank Chester, VA | $4,733,303 | $12,678,774 |
Vision Baptist Missions Inc Alpharetta, GA | $4,755,365 | $10,893,530 |
Cbmc Inc Chattanooga, TN | $8,634,915 | $10,793,711 |
World Outreach Ministries Inc Kennesaw, GA | $2,301,447 | $10,553,778 |
Lutheran Home - Forsyth County Inc Salisbury, NC | $3,585,984 | $11,789,990 |
Timothy Initiative Inc Raleigh, NC | $25,869,697 | $20,418,173 |
City Of Refuge Inc Atlanta, GA | $18,578,795 | $9,135,404 |
Living On The Edge With Chip Ingram Duluth, GA | $7,733,886 | $10,860,458 |
Presbyterian Village Inc Little Rock, AR | $7,163,719 | $8,947,997 |
Teen Challenge Job Training Inc Columbus, GA | $2,036,662 | $7,928,506 |
Mercy Multiplied America Inc Nashville, TN | $15,008,837 | $12,307,052 |