Womens Foundation For A Greater Memphis
- Assets
- $6.7m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Memphis, TN
- Founding
- 09/2002
- Data as of
- 06/2021
- EIN
- 58-2207247
Organization Overview
Womens Foundation For A Greater Memphis is located in Memphis, TN. The organization was established in 2002. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2021, Womens Foundation For A Greater Memphis employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Womens Foundation For A Greater 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, Womens Foundation For A Greater Memphis generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2021. While expenses have increased by 1.3% per year over the past 6 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.
Since 2015, Womens Foundation For A Greater Memphis has awarded 278 individual grants totaling $5,582,044. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND PROMOTE WOMEN'S PROGRAMS AND LEADERSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANTS AND ASSITANCE TO ORGANIZATIONS THAT ENCOURAGE WOMEN AND CHILDREN TO DEVELOP LEADERSHIP POTENTIAL AND FINANCIAL SECURITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruby Bright President And CEO | Officer | 60 | $207,114 |
Shante Avant Vice President | Officer | 40 | $118,056 |
Rosemarie Fair Co-Chair | Trustee | 1 | $0 |
Nisha Powers Co-Chair | Trustee | 1 | $0 |
Denise Carpenter Secretary | Trustee | 1 | $0 |
Sherrie Khollis Treasurer And Finance Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $86,950 |
| Related organizations | $0 |
| Government grants | $105,672 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,729,690 |
| Noncash contributions included in lines 1a–1f | $86,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,922,312 |
| Total Program Service Revenue | $0 |
| Investment income | $35,878 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $101,406 |
| Net Income from Fundraising Events | $211,424 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,630,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,236,273 |
| 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. | $345,758 |
| Compensation of current officers, directors, key employees. | $69,214 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,139 |
| Pension plan accruals and contributions | $60,039 |
| Other employee benefits | $0 |
| Payroll taxes | $38,653 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,731 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,441 |
| Advertising and promotion | $11,579 |
| Office expenses | $2,793 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,380 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,109 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,074 |
| Insurance | $2,471 |
| All other expenses | $32,586 |
| Total functional expenses | $2,399,132 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,139,286 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $596,542 |
| Accounts receivable, net | $26,925 |
| 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 | $35,940 |
| Net Land, buildings, and equipment | $21,104 |
| Investments—publicly traded securities | $1,867,624 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,935 |
| Total assets | $6,695,356 |
| Accounts payable and accrued expenses | $52,087 |
| Grants payable | $997,090 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,015 |
| Total liabilities | $1,153,192 |
| Net assets without donor restrictions | $3,774,557 |
| Net assets with donor restrictions | $1,767,607 |
| 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 | $6,695,356 |
Grants Awarded
Over the last fiscal year, Womens Foundation For A Greater Memphis has awarded $1,083,984 in support to 45 organizations.
| Grant Recipient | Amount |
|---|---|
SEEDING SUCCESS PURPOSE: VARIOUS | $100,000 |
Saint Louis, MO PURPOSE: VARIOUS | $60,000 |
New York, NY PURPOSE: VARIOUS | $60,000 |
Memphis, TN PURPOSE: VARIOUS | $55,130 |
MOVEMENT STRATEGY CENTER (SHELECTRCITY) PURPOSE: VARIOUS | $40,000 |
UNIVERSITY OF MEMPHIS (HERFFGEE HERE) PURPOSE: VARIOUS | $38,000 |
Grants Recieved
Over the last fiscal year, we have identified 25 grants that Womens Foundation For A Greater Memphis has recieved totaling $2,304,281.
| Awarding Organization | Amount |
|---|---|
The Aditi Foundation Sioux Falls, SD PURPOSE: GENERAL FUNDING | $750,000 |
Kroger Co Foundation Cincinnati, OH PURPOSE: ORGANIZATION'S CHARITABLE PURPOSE | $562,000 |
Kresge Foundation Troy, MI PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT THE WOMENS FOUNDATION FOR A GREATER MEMPHIS (WFGM) TO STRENGTHEN AND ENHANCE THEIR PROGRAMMATIC AND POLICY EFFORTS TO ADVANCE CLOSING THE WOMENS WEALTH GAP FOR WOMEN OF COLOR IN MEMPHIS. | $250,000 |
Kresge Foundation Troy, MI PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT THE WOMENS FOUNDATION FOR A GREATER MEMPHIS (WFGM) TO STRENGTHEN AND ENHANCE THEIR PROGRAMMATIC AND POLICY EFFORTS TO ADVANCE CLOSING THE WOMENS WEALTH GAP FOR WOMEN OF COLOR IN MEMPHIS. | $250,000 |
J R Hyde Iii Foundation Memphis, TN PURPOSE: SUPPORT FOR THE 2021 ANNUAL TRIBUTE LUNCHEON; CAPITAL SUPPORT FOR SOUTH CITY'S DIGITAL COMMUNITY INITIATIVE ; SUPPORT FOR THE 2020-21 CHALLENGE GRANT; HENRY VARNELL PRIZE IN SERVANT LEADERSHIP | $145,300 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $128,778 |
Endowment Analysis
| Beg. Balance | $814,204 |
| Earnings | $201,473 |
| Ending Balance | $1,015,677 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Frontstream Global Fund Alexandria, VA | $871,140 | $19,414,740 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Hinds County Human Resource Agency Jackson, MS | $2,640,686 | $19,218,444 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Central Missouri Community Action Columbia, MO | $7,094,173 | $19,692,460 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Arkansas Early Learning Inc Jonesboro, AR | $12,519,715 | $17,680,686 |
Commonwealth Catholic Charities Richmond, VA | $9,806,748 | $17,802,660 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Daniel Boone Community Action Agency Inc Manchester, KY | $8,884,267 | $15,954,203 |