Memphis Equity Through Arts Meta Incorporated
- Assets
- $4.4m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 18
- Location
- Memphis, TN
- Founding
- 11/2016
- Data as of
- 12/2022
- EIN
- 81-4079426
Organization Overview
Memphis Equity Through Arts Meta Incorporated, operating under the name Memphis Music Intiative, is located in Memphis, TN. The organization was established in 2016. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Memphis Music Intiative employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Music Intiative 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, Memphis Music Intiative generated $2.5m 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 (9.9%) each year. All expenses for the organization totaled $3.9m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Memphis Music Intiative has awarded 94 individual grants totaling $3,552,247. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
INVESTING IN YOUTH DEVELOPMENT THROUGH TRANSFORMATIVE MUSIC ENGAGEMENT AND CREATING EQUITABLE OPPORTUNITIES FOR BLACK AND BROWN YOUTH IN MEMPHIS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MMI INVESTS IN YOUTH THROUGH TRANSFORMATIVE MUSIC ENGAGEMENT, CREATING EQUITABLE OPPORTUNITIES FOR BLACK AND BROWN YOUTH IN MEMPHIS. WE INVEST IN TWO WAYS: THROUGH DIRECT PROGRAMS THAT CONNECT YOUTH TO HIGH QUALITY IN SCHOOL, AFTER SCHOOL AND SUMMERTIME OPPORTUNITIES AND BY PROVIDING FUNDING AND RESOURCES TO ADVANCE ORGANIZATIONS WORKING WITH YOUNG PEOPLE. OUR ORGINAL DIRECT PROGRAM IS OUR IN SCHOOL MUSIC ENGAGEMENT, WHICH HELPS TRANSFORM MUSIC CLASSROOMS INTO LEARNING LABORATORIES FOR PERSONAL DEVELOPMENT, GROWING STUDENT CONFIDENCE AND SELF EFFICACY. MMI WORKS CREATES PAID SUMMER OPPORTUNITIES FOR YOUTH TO WORK AT MUSIC AND ARTS ORGANIZATIONS AND OFFERS EQUITABLE ACCESS TO CAREER TRAINING AND PROFESSIONAL/PERSONAL DEVELOPMENT. WE ALSO INVEST TO BUILD STRONG AND EFFECTIVE ORGANIZATIONS THROUGH OPERATIONAL GRANT FUNDING AND SUPPORT THAT FOSTER SUSTAINABILITY AND IMPROVE PROGRAM QUALITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Hamilton Executive Director | Officer | 40 | $211,115 |
Tarik Ward Board Chair | OfficerTrustee | 1 | $0 |
Sarah Lockridge-Steckel Board Member | Trustee | 1 | $0 |
Jeff Rhodin Secretary | OfficerTrustee | 1 | $0 |
Kenyatta Andrews Treasurer | Officer | 1 | $0 |
Jen Mcgrath 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 | $2,159,973 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,159,973 |
| Total Program Service Revenue | $375,773 |
| Investment income | $8,876 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,544,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,029,267 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,862,068 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $103,570 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $64,676 |
| Office expenses | $0 |
| Information technology | $7,324 |
| Royalties | $0 |
| Occupancy | $53,817 |
| Travel | $55,561 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $222,399 |
| Insurance | $11,519 |
| All other expenses | $443,153 |
| Total functional expenses | $3,881,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,957,871 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $117,277 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $160,849 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,500 |
| Total assets | $4,386,497 |
| Accounts payable and accrued expenses | $123,139 |
| 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 | $123,139 |
| Net assets without donor restrictions | $4,021,081 |
| Net assets with donor restrictions | $242,277 |
| 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 | $4,386,497 |
Grants Awarded
Over the last fiscal year, Memphis Equity Through Arts Meta Incorporated has awarded $959,687 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
BLUES CITY CULTURAL CENTER PURPOSE: Organizational Operations and Community Youth Program | $40,000 |
CAZATEATRO BILINGUAL THEATRE GROUP PURPOSE: Organizational Operations and Community Youth Program | $73,648 |
ANGEL STREETINC PURPOSE: Organizational Operations and Community Youth Program | $40,000 |
COLLAGE DANCE COLLECTIVE PURPOSE: Organizational Operations and Community Youth Program | $10,000 |
DC STRINGS WORKSHOP PURPOSE: Organizational Operations and Community Youth Program | $25,000 |
HARMONIC SOUTH STRING ORCHESTRA PURPOSE: Capacity Building and Summer Youth Program | $122,456 |