Economic Club Of Memphis

Organization Overview

Economic Club Of Memphis is located in Memphis, TN. The organization was established in 1974. According to its NTEE Classification (V03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Economic Club Of 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 06/2021, Economic Club Of Memphis generated $164.4k 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 (6.6%) each year. All expenses for the organization totaled $138.7k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (8.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THE STUDY AND DISCUSSION OF ECONOMIC, POLITICAL, AND SOCIAL ISSUES IN THE MEMPHIS AREA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION HELD MEETINGS FEATURING RENOWNED GUEST SPEAKERS. THESE MEETINGS PROVIDED AN OPPORTUNITY FOR EDUCATION AND A PLATFORM FOR MEMPHIS AREA BUSINESS LEADERS TO EXCHANGE VIEWS WITH INFLUENTIAL PEOPLE FROM AROUND THE WORLD.


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Board, Officers & Key Employees

Name (title)Compensation
Laurie Tucker
Executive Director
$36,667
Jeffrey Lewis
President
$0
Ted Townsend
Vice President
$0
Douglas Scarboro
Secretary/treasurer
$0
Scott Fountain
Board Member
$0
Rice Byars
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$73,415
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$90,078
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$163,493
Total Program Service Revenue$70
Investment income $802
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 $164,365

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Economic Club Of Memphis has recieved totaling $750.

Awarding OrganizationAmount
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$250
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$250
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: GENERAL SUPPORT

$250
View Grant Recipient Profile

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