Memphis Ymca Support Corporation

Organization Overview

Memphis Ymca Support Corporation is located in Cordova, TN. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis YMCA Support Corporation 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 12/2023, Memphis YMCA Support Corporation generated $124.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (25.7%) each year. All expenses for the organization totaled $508.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE YMCA SUPPORT CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF MEMPHIS & THE MID-SOUTH. SPECIFICALLY AS THEY RELATE TO THE CONSTRUCTION AND RENTAL OF A NEW YMCA FACILITY IN THE WHITEHAVEN COMMUNITY OF MEMPHIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RENTAL OF WHITEHAVEN YMCA


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Board, Officers & Key Employees

Name (title)Compensation
Cynthia Jone
Board Member
$0
Armstead Ward
Board Member
$0
Terrance Grigsby
CEO
$0
Anthony Norris
CFO
$0
James Stock
Secretary
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $124,000
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 $124,000

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