Memphis Investors Group Inc
- Assets
- $227.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 62-1862666
Organization Overview
Memphis Investors Group Inc is located in Memphis, TN. The organization was established in 2004. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Investors Group Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Memphis Investors Group Inc generated $122.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $145.7k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Cates Past President | 4 | $0 | |
David Hutson President | 10 | $0 | |
Foti Karastamatis Treasurer | 5 | $0 | |
Kathy Sawyer Secretary | 5 | $0 | |
Jim Trimble Board Member | 4 | $0 | |
Joseph T Kirkland Jr Vice President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,207 |
| Membership dues | $65,497 |
| Investment income | $1,685 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $122,296 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $60,000 |
| Professional fees and other payments to independent contractors | $20,500 |
| Occupancy, rent, utilities, and maintenance | $22,776 |
| Printing, publications, postage, and shipping | $258 |
| Other expenses | $37,215 |
| Total expenses | $145,749 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $217,312 |
| Other assets | $0 |
| Total assets | $227,385 |
| Total liabilities | $3,347 |
| Net assets or fund balances | $224,038 |