Center For Transforming Communities Inc
- Assets
- $1.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 27
- Location
- Memphis, TN
- Founding
- 11/2010
- Data as of
- 12/2022
- EIN
- 62-1769933
Organization Overview
Center For Transforming Communities Inc is located in Memphis, TN. The organization was established in 2010. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Center For Transforming Communities Inc employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center For Transforming Communities 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, Center For Transforming Communities Inc generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.8% each year . All expenses for the organization totaled $2.1m during the year ending 12/2022. 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 ORGANIZATION FOSTERS COMMUNITY CHANGE THROUGH CONGREGATIONS THAT RE- ENGAGE THEIR COMMUNITIES IN COLLABORATIVE APPROACHES. CHURCHES ARE EQUIPPED AND ENERGIZED TO MOVE OUTWARD AND RECLAIM THEIR ROLE AS ANCHORS IN THEIR NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SHARED SPACE PROGRAM PROVIDES CONGREGATIONS, NON-PROFITS, AND SUPPORT GROUPS WITH AFFORDABLE OFFICE AND MEETING SPACE TO ENCOURAGE THEIR PRESENCE IN LOW-INCOME URBAN AREAS AND ENABLE THEM TO SERVE THEIR LOCAL NEIGHBOR MORE AFFORDABLY.
THE ORGANIZATION WORKS DIRECTLY WITH SEMINARIES TO PROVIDE A COMPLEMENT TO A THEOLOGICAL EDUCATION THAT IS ROOTED IN NEIGHBORHOODS, AND TO MOBILIZE PEOPLE AND RESOURCES TO CARRY OUT STRATEGIES THAT BRING POSITIVE CHANGE IN THEIR NEIGHBORHOODS. STAFF CALLED "NEIGHBORHOOD CONNECTORS" SUPPORT THE GRASS-ROOTS NEIGHBORHOOD GROUPS CALLED "SHALOM ZONES" AS WELL AS SERVE AS COMMUNITY ORGANIZERS. IN ADDITIONS, THE ORGANIZATION WORKS DIRECTLY WITH SEMINARIES TO PROVIDE A COMPLEMENT TO THEOLOGICAL EDUCATION THAT IS ROOTED IN NEIGHBORHOOD DEVELOPMENT.
COMMUNITIES OF SHALOM IS A TRAINING/FACILITATION PROGRAM DESIGNED TO ORGANIZE AND MOBILIZE PEOPLE AND RESOURCES TO CARRY OUT STRATEGIES THAT BRING POSITIVE CHANGE IN THEIR NEIGHBORHOODS. STAFF CALLED "NEIGHBORHOOD CONNECTOR" SUPPORT THE GRASS-ROOTS NEIGHBORHOOD GROUPS CALLED "SHALOM ZONES" AS WELL AS SERVE AS COMMUNITY ORGANIZERS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Justin Merrick Executive Di | Officer | 40 | $95,000 |
Cynthia Bradford Vice Chair | Trustee | 1 | $0 |
Lesley Brown Treasurer | Trustee | 1 | $0 |
Chip Clay Chair | Trustee | 1 | $0 |
Joni Laney Board Member | Trustee | 1 | $0 |
Kenny Latta Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,658,018 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,658,018 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $43,532 |
| 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 | $2,701,550 |
| 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. | $95,000 |
| Compensation of current officers, directors, key employees. | $9,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,028,391 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $105,261 |
| Payroll taxes | $77,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,388 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,423 |
| Office expenses | $17,948 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,605 |
| 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 | $10,736 |
| Insurance | $18,508 |
| All other expenses | $29,221 |
| Total functional expenses | $2,083,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $853,328 |
| 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 | $2,173 |
| Net Land, buildings, and equipment | $488,473 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $1,744,740 |
| Accounts payable and accrued expenses | $10,000 |
| 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 | $24,547 |
| Total liabilities | $34,547 |
| Net assets without donor restrictions | $0 |
| 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 | $1,710,193 |
| Total liabilities and net assets/fund balances | $1,744,740 |
Grants Awarded
Over the last fiscal year, Center For Transforming Communities Inc has awarded $54,904 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
CARPENTER ART GARDEN PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $7,500 |
THE COLLECTIVE PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $7,000 |
JUICE ORANGE MOUND PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $6,007 |
BLUES CITY CULTURAL CENTER PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $6,945 |
CARPENTER ART GARDEN PURPOSE: TO PROVIDE FUNDS FOR | $7,500 |
THE COLLECTIVE PURPOSE: TO PROVIDE FUNDS FOR | $7,000 |