Influence 1
- Assets
- $6.2m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 68
- Location
- Memphis, TN
- Founding
- 07/2003
- Data as of
- 06/2021
- 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 06/2021, Influence 1 employed 68 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 06/2021, Influence 1 generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $4.0m during the year ending 06/2021. 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
2021
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 |
|---|---|---|---|
Dr R Lemoyne Robinson Chief Executive Officer | Officer | 40 | $181,124 |
Felicia P Hartsfield Chief Operating Officer | Officer | 40 | $115,433 |
Dr Michael Alston President | OfficerTrustee | 2 | $0 |
Phyllis Fickling Treasurer | OfficerTrustee | 2 | $0 |
Katherine Hunt Vice President | OfficerTrustee | 2 | $0 |
Carlo Foster Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $640,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,070 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $645,446 |
| Total Program Service Revenue | $3,606,705 |
| Investment income | $1,026 |
| 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 | $4,262,960 |
| 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. | $336,781 |
| Compensation of current officers, directors, key employees. | $336,781 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,963,238 |
| Pension plan accruals and contributions | $70,406 |
| Other employee benefits | $135,898 |
| Payroll taxes | $183,708 |
| Fees for services: Management | $432,719 |
| Fees for services: Legal | $30,979 |
| Fees for services: Accounting | $43,266 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | -$816 |
| Office expenses | $126,976 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,340 |
| Travel | $3,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $79,197 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $172,981 |
| Insurance | $0 |
| All other expenses | -$11,979 |
| Total functional expenses | $4,018,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,368,549 |
| Savings and temporary cash investments | $2,536 |
| Pledges and grants receivable | $39,273 |
| 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 | $3,930,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $873,538 |
| Total assets | $6,214,331 |
| Accounts payable and accrued expenses | $326,651 |
| 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 | $1,888,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $245,827 |
| Total liabilities | $2,460,961 |
| Net assets without donor restrictions | $3,385,501 |
| Net assets with donor restrictions | $367,869 |
| 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 | $6,214,331 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Influence 1 has recieved totaling $13,710.
| Awarding Organization | Amount |
|---|---|
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $13,710 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Mason Korea Llc Fairfax, VA | $8,225,008 | $12,324,735 |
Virginia Tech Real Estate Fdn Blacksburg, VA | $231,612,607 | $16,876,838 |
Alliance For Academic Internal Medicine Inc Alexandria, VA | $13,744,999 | $6,917,370 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Mississippi State University Research And Technology Corp Mississippi State, MS | $38,851,102 | $3,819,155 |
Core Knowledge Foundation Charlottesville, VA | $10,759,261 | $6,889,029 |
Usa Research And Technology Corporation Mobile, AL | $22,788,529 | $3,738,277 |
Auburn Research Park I Auburn, AL | $36,466,656 | $3,867,814 |