Center For Transforming Communities Inc
- Assets
- $997.3k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 25
- Location
- Memphis, TN
- Founding
- 11/2010
- Data as of
- 12/2021
- 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 12/2021, Center For Transforming Communities Inc employed 25 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 12/2021, Center For Transforming Communities Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.1% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 27.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION FOSTERS COMMUNITY CHANGE THROUGH CONGREGATIONS THAT RE-ENGAGE THEIR COMMUNITIES IN COLLABORATIVE APPROACHES.
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 Director | Officer | 40 | $90,000 |
Cynthia Bradford Vice Chair | Trustee | 1 | $0 |
Chip Clay Chair | Trustee | 1 | $0 |
Lesley Brown Treasurer | Trustee | 1 | $0 |
Kenny Latta Board Member | Trustee | 1 | $0 |
Joni Laney 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 | $1,173,155 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,173,155 |
| Total Program Service Revenue | $500 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $30,456 |
| 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 | $1,204,111 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,415 |
| 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. | $89,999 |
| Compensation of current officers, directors, key employees. | $21,337 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $612,435 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,119 |
| Payroll taxes | $184,939 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,433 |
| Advertising and promotion | $21,541 |
| Office expenses | $5,064 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $42,128 |
| 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 | $7,692 |
| Insurance | $21,110 |
| All other expenses | $6,141 |
| Total functional expenses | $1,350,641 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,767 |
| Savings and temporary cash investments | $37,768 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $110,655 |
| 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 | $0 |
| Net Land, buildings, and equipment | $481,157 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $997,347 |
| Accounts payable and accrued expenses | $11,655 |
| 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 | $11,655 |
| 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 | $985,692 |
| Total liabilities and net assets/fund balances | $997,347 |
Grants Awarded
Over the last fiscal year, Center For Transforming Communities Inc has awarded $27,452 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Memphis, TN PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $7,500 |
Memphis, TN PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $7,000 |
Memphis, TN PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $6,945 |
Memphis, TN PURPOSE: TO PROVIDE FUNDS FOR CAPACITY BUILDING | $6,007 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Center For Transforming Communities Inc has recieved totaling $582,379.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: OPERATING SUPPORT TO CONTINUE TO BOLSTER THE CENTER FOR TRANSFORMING COMMUNITIES' CREATIVE PLACEMAKING ACTIVITIES AND PARTICIPATION IN KRESGE'S BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE. | $200,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO CENTER FOR TRANSFORMING COMMUNITIES TO GROW THEIR CAPACITY TO ESTABLISH NEIGHBORHOOD STEWARDSHIP ORGANIZATIONS ACROSS MEMPHIS AND ELEVATE COMMUNITY PRIORITIES IN EMERGING COMMUNITY DEVELOPMENT PROJECTS. AS A PART OF THE FOUNDATIONS RACIAL JUSTICE RESPONSE PLAN, THIS GRANT FALLS UNDER THE FRONTLINE ORGANIZATIONS STRATEGY, WHICH AIMS TO STRENGTHEN PLACE-BASED ORGANIZATIONS FOCUSED ON RACIAL JUSTICE AND LED BY PEOPLE OF COLOR. | $191,500 |
Kresge Foundation Troy, MI PURPOSE: OPERATING SUPPORT TO CONTINUE TO BOLSTER THE CENTER FOR TRANSFORMING COMMUNITIES' CREATIVE PLACEMAKING ACTIVITIES AND PARTICIPATION IN KRESGE'S BUILDING AND SUPPORTING EQUITABLE DEVELOPMENT (BASED) INITIATIVE. | $100,000 |
J R Hyde Iii Foundation Memphis, TN PURPOSE: SUPPORT FOR THE BINGHAMPTON COMMUNITY LAND TRUST'S MEMPHIS ALLIANCE CITYWIDE LAND TRUST | $50,387 |
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: COMMUNITYVOICE: LIVE! | $25,000 |
Kresge Foundation Troy, MI PURPOSE: THIS GRANT PROVIDES GENERAL OPERATING SUPPORT TO CENTER FOR TRANSFORMING COMMUNITIES TO GROW THEIR CAPACITY TO ESTABLISH NEIGHBORHOOD STEWARDSHIP ORGANIZATIONS ACROSS MEMPHIS AND ELEVATE COMMUNITY PRIORITIES IN EMERGING COMMUNITY DEVELOPMENT PROJECTS. AS A PART OF THE FOUNDATIONS RACIAL JUSTICE RESPONSE PLAN, THIS GRANT FALLS UNDER THE FRONTLINE ORGANIZATIONS STRATEGY, WHICH AIMS TO STRENGTHEN PLACE-BASED ORGANIZATIONS FOCUSED ON RACIAL JUSTICE AND LED BY PEOPLE OF COLOR. | $8,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |