Christian Community Foundation Of Memphis And The Mid-South Inc
- Assets
- $209.7m
- Revenue
- $88.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Memphis, TN
- Founding
- 10/1998
- Data as of
- 04/2023
- EIN
- 62-1752885
Organization Overview
Christian Community Foundation Of Memphis And The Mid-South Inc is located in Memphis, TN. The organization was established in 1998. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 04/2023, Christian Community Foundation Of Memphis And The Mid-South Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Christian Community Foundation Of Memphis And The Mid-South 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 04/2023, Christian Community Foundation Of Memphis And The Mid-South Inc generated $88.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $85.6m during the year ending 04/2023. While expenses have increased by 3.7% per year over the past 7 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 2015, Christian Community Foundation Of Memphis And The Mid-South Inc has awarded 3,837 individual grants totaling $542,980,864. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION EXISTS TO BUILD GOD'S KINGDOM BY SERVING DONORS IN THE MID-SOUTH AS THEY SEEK TO PROVIDE RESOURCES FOR GOD'S WORK IN OUR COMMUNITY AND THROUGHOUT THE WORLD.
Describe the Organization's Program Activity:
GRANTS MADE TO NON-PROFIT, TAX-EXEMPT ORGANIZATIONS FROM DONOR ADVISED FUNDS AND RECOMMENDATIONS FROM THE BOARD AND MANAGEMENT THAT HELP VARIOUS SECULAR, EDUCATIONAL, AND CHRISTIAN CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Forrester Board Member | Trustee | 1 | $0 |
Douglas Skipworth Board Member | Trustee | 1 | $0 |
Ben Smith Board Member | Trustee | 1 | $0 |
Robert Frazee Board Member | Trustee | 1 | $0 |
Dr James Murphy Board Member | Trustee | 1 | $0 |
Michael Stockberger Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $25,951,319 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,438,124 |
| Noncash contributions included in lines 1a–1f | $12,099,542 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $82,389,443 |
| Total Program Service Revenue | $0 |
| Investment income | $6,251,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$59,814 |
| Net Gain/Loss on Asset Sales | -$159,012 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,254,536 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $84,214,422 |
| 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. | $311,476 |
| Compensation of current officers, directors, key employees. | $167,173 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $116,076 |
| Pension plan accruals and contributions | $28,134 |
| Other employee benefits | $61,828 |
| Payroll taxes | $30,030 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,704 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $523,336 |
| Fees for services: Other | $48,000 |
| Advertising and promotion | $4,750 |
| Office expenses | $83,892 |
| Information technology | $62,209 |
| Royalties | $0 |
| Occupancy | $36,792 |
| Travel | $57 |
| 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 | $4,314 |
| Insurance | $11,529 |
| All other expenses | $0 |
| Total functional expenses | $85,596,944 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $529,952 |
| Savings and temporary cash investments | $8,030,452 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,558,572 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,359,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $66,242 |
| Net Land, buildings, and equipment | $5,589 |
| Investments—publicly traded securities | $167,150,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $209,700,256 |
| Accounts payable and accrued expenses | $199,532 |
| 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 | $7,635,874 |
| Total liabilities | $7,835,406 |
| Net assets without donor restrictions | $201,864,850 |
| 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 | $209,700,256 |
Grants Awarded
Over the last fiscal year, Christian Community Foundation Of Memphis And The Mid-South Inc has awarded $82,318,442 in support to 612 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT PRESBYTERIAN CHURCH PURPOSE: RELIGION | $24,400 |
AFRICAN LEADERSHIP INC PURPOSE: RELIGION | $125,000 |
AFTER SCHOOL MATTERS PURPOSE: YOUTH DEVEL | $25,000 |
AGAPE CHILD & FAMILY SERVICES INC PURPOSE: HUMAN SERVICE | $1,092,325 |
AGLAUNCH INITIATIVE PURPOSE: COMMUNITY DEVEL | $290,000 |
AKRON-CANTON REGIONAL FOODBANK PURPOSE: FOOD, NUTRITION | $8,000 |