Influence 1
- Assets
- $5.8m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 75
- Location
- Memphis, TN
- Founding
- 07/2003
- Data as of
- 06/2023
- EIN
- 03-0485501
Organization Overview
Influence 1 is located in Memphis, TN. The organization was established in 2003. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2023, Influence 1 employed 75 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Influence 1 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 06/2023, Influence 1 generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.9m during the year ending 06/2023. While expenses have increased by 2.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUSTAIN EDUCATIONAL ENRICHMENT, COMMUNITY DEVELOPMENT AND ECONOMIC EMPOWERMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATES 3 CHARTERED COLLEGE PREP SCHOOLS; ALSO RESPONSIBLE FOR SCHOLARSHIPS, 38106 JOINT AGENCY COLLABORATIVE, 1URBAN GALLERY, AND THE MEMPHIS STARTS WITH ME COMMUNITY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Walls Board Member | Trustee | 2 | $0 |
Carlo Foster Board Member | Trustee | 2 | $0 |
Whitney Clifton Board Member | Trustee | 2 | $0 |
Dr Michael Alston President | OfficerTrustee | 2 | $0 |
Katherine Hunt Vice President | OfficerTrustee | 2 | $0 |
Phyllis Fickling Treasurer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,065,217 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,373 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,068,590 |
| Total Program Service Revenue | $3,255,372 |
| Investment income | $1,670 |
| 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 | $4,500,597 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $349,232 |
| Compensation of current officers, directors, key employees. | $349,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,444,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $163,160 |
| Payroll taxes | $177,419 |
| Fees for services: Management | $360,500 |
| Fees for services: Legal | $98,251 |
| Fees for services: Accounting | $96,556 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $106,424 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $447,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,048 |
| Insurance | $0 |
| All other expenses | $14,259 |
| Total functional expenses | $4,863,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,791 |
| Savings and temporary cash investments | $1,993 |
| Pledges and grants receivable | $423,657 |
| Accounts receivable, net | $0 |
| 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 | $3,801,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,340,802 |
| Total assets | $5,755,109 |
| Accounts payable and accrued expenses | $584,158 |
| 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 | $1,726,328 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $153,949 |
| Total liabilities | $2,464,435 |
| Net assets without donor restrictions | $2,718,509 |
| Net assets with donor restrictions | $572,165 |
| 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 | $5,755,109 |