William R Moore College Of Technology
- Assets
- $12.3m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 42
- Location
- Memphis, TN
- Founding
- 04/1946
- Data as of
- 08/2021
- EIN
- 62-0497613
Organization Overview
William R Moore College Of Technology is located in Memphis, TN. The organization was established in 1946. As of 08/2021, William R Moore College Of Technology employed 42 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. William R Moore College Of Technology 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 08/2021, William R Moore College Of Technology generated $4.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $5.3m during the year ending 08/2021. While expenses have increased by 12.9% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stanley E Redmond President | Officer | 40 | $226,428 |
Jerry Johnson Chief Financial Officer | Officer | 40 | $100,124 |
Andrea Baird Chief Admin Officer | Officer | 40 | $96,133 |
Karen Treas VP Of Career Services | Officer | 40 | $88,423 |
Ben Wingfield Chairman | OfficerTrustee | 2 | $0 |
Ben Keras Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $558,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,456,403 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,014,930 |
| Total Program Service Revenue | $2,043,362 |
| Investment income | $178,799 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $103,653 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,462,075 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $517,003 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $511,108 |
| Compensation of current officers, directors, key employees. | $76,860 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,687,729 |
| Pension plan accruals and contributions | $119,866 |
| Other employee benefits | $0 |
| Payroll taxes | $178,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $42,639 |
| Fees for services: Other | $207,250 |
| Advertising and promotion | $190,416 |
| Office expenses | $223,275 |
| Information technology | $16,238 |
| Royalties | $0 |
| Occupancy | $238,369 |
| Travel | $12,697 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $25,524 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $393,683 |
| Insurance | $347,359 |
| All other expenses | $54,458 |
| Total functional expenses | $5,297,620 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,288,608 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $17,852 |
| Accounts receivable, net | $114,793 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,691 |
| Inventories for sale or use | $26,811 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,274,337 |
| Investments—publicly traded securities | $8,579,491 |
| Investments—other securities | $0 |
| Investments—program-related | $100 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,323,683 |
| Accounts payable and accrued expenses | $139,839 |
| Grants payable | $0 |
| Deferred revenue | $41,265 |
| 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 | $976,549 |
| Unsecured mortgages and notes payable | $375,250 |
| Other liabilities | $0 |
| Total liabilities | $1,532,903 |
| Net assets without donor restrictions | $1,644,340 |
| Net assets with donor restrictions | $9,146,440 |
| 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 | $12,323,683 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that William R Moore College Of Technology has recieved totaling $1,921,483.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $1,586,337 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $296,463 |
Slingshot Memphis Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $38,683 |
Endowment Analysis
| Beg. Balance | $7,762,055 |
| Earnings | $1,381,437 |
| Other Expense | $564,000 |
| Ending Balance | $8,579,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William R Moore College Of Technology Memphis, TN | $12,323,683 | $4,462,075 |
Foundation For State Technical College Of Missouri Inc Linn, MO | $2,272,812 | $1,282,785 |
Fayetteville Technical Community College Foundation Inc Fayetteville, NC | $6,131,503 | $1,025,174 |
Southeastern Technical Institute Foundation Inc Vidalia, GA | $1,380,668 | $420,554 |
Abc Of West Tennessee Education Tr Inc Memphis, TN | $46,841 | $0 |