Contemporary Arts Memphis

Organization Overview

Contemporary Arts Memphis is located in Memphis, TN. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Contemporary Arts Memphis employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contemporary Arts Memphis 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, Contemporary Arts Memphis generated $902.4k in total revenue. All expenses for the organization totaled $685.4k during the year ending 12/2023.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION IN THE ARTS TO YOUNG ADULTS AND TO SUPPORT ARTISTS GENERALLY, PARTICULARLY THOSE FROM AN UNDERPRIVELEGED OR LOW-INCOME BACKGROUND OR WHO WOULD OTHERWISE FACE HARDSHIP OR BARRIERS TO ENTRY IN PURSUING ART AND ART EDUCATION OR IN ENTERING THE ART WORLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CONTEMPORARY ARTS FELLOWSHIP PROGRAM, THE FOUNDATION'S MAIN ACTIVITY, PROVIDES GOODS AND SERVICES TO INDIVIDUALS. THIS PROGRAM PROVIDES A FULL SCHOLARSHIP TO ALL OF ITS SUMMER FELLOWS AND INCLUDES ALL FEES FOR INSTRUCTION, LODGING, FOOD, SUPPLIES, AND TRAVEL. THE PROGRAM COVERS ALL OUT-OF-POCKET EXPENSES.


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Board, Officers & Key Employees

Name (title)Compensation
Brian Cohen
Director
$0
Derek Fordjour
Director
$0
Isaac Fordjour
Director
$0
Lia Fordjour
Treasurer
$0
Lauren Kennedy
Director
$0
Yashua Klos
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $123,490
All other contributions, gifts, grants, and similar amounts not included above$756,907
Noncash contributions included in lines 1a–1f $23,148
Total Revenue from Contributions, Gifts, Grants & Similar$880,397
Total Program Service Revenue$22,051
Investment income $0
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 $902,448

Peer Organizations

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