William R Moore College Of Technology
- Assets
- $10.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 48
- Location
- Memphis, TN
- Founding
- 04/1946
- Data as of
- 08/2023
- EIN
- 62-0497613
Organization Overview
William R Moore College Of Technology is located in Memphis, TN. The organization was established in 1946. As of 08/2023, William R Moore College Of Technology employed 48 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 08/2023, William R Moore College Of Technology 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 7.6% each year. All expenses for the organization totaled $6.1m during the year ending 08/2023. While expenses have increased by 11.6% 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ben Wingfield Chairman | Trustee | 2 | $0 |
Belinda Anderson Trustee | Trustee | 2 | $0 |
Ben Keras Trustee | Trustee | 2 | $0 |
Bena Cates Trustee | Trustee | 2 | $0 |
Charles Higgins Trustee | Trustee | 2 | $0 |
Chris Ewing Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Memphis Light Gas And Water Utilities | 8/30/23 | $143,328 |
Quality And Assurance Of Tennessee Quality Assurance Provider | 8/30/23 | $122,610 |
Memphis Light Gas And Water Utilities | 8/30/23 | $143,328 |
Quality And Assurance Of Tennessee Quality Assurance Provider | 8/30/23 | $122,610 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $181,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,221,480 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,402,480 |
| Total Program Service Revenue | $2,471,546 |
| Investment income | $255,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,000 |
| Net Gain/Loss on Asset Sales | $322,672 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,525,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $542,463 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $497,297 |
| Compensation of current officers, directors, key employees. | $183,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,236,123 |
| Pension plan accruals and contributions | $119,551 |
| Other employee benefits | $0 |
| Payroll taxes | $212,687 |
| 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 | $37,666 |
| Fees for services: Other | $356,355 |
| Advertising and promotion | $190,784 |
| Office expenses | $123,283 |
| Information technology | $40,236 |
| Royalties | $0 |
| Occupancy | $273,455 |
| Travel | $29,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $63,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $346,958 |
| Insurance | $407,082 |
| All other expenses | $76,641 |
| Total functional expenses | $6,137,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$38,096 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $201,005 |
| Accounts receivable, net | $379,207 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $287,552 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,561,491 |
| Investments—publicly traded securities | $6,823,336 |
| Investments—other securities | $0 |
| Investments—program-related | $100 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,214,595 |
| Accounts payable and accrued expenses | $232,993 |
| Grants payable | $0 |
| Deferred revenue | $19,628 |
| 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 | $978,715 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,231,336 |
| Net assets without donor restrictions | $1,320,891 |
| Net assets with donor restrictions | $7,662,368 |
| 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 | $10,214,595 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William R Moore College Of Technology Memphis, TN | $10,214,595 | $4,525,001 |
Fayetteville Technical Community College Foundation Inc Fayetteville, NC | $7,083,949 | $1,280,405 |
Southeastern Technical Institute Foundation Inc Vidalia, GA | $1,398,100 | $460,183 |
Foundation For State Technical College Of Missouri Inc Linn, MO | $2,710,490 | $1,017,398 |
Abc Of West Tennessee Education Tr Inc Memphis, TN | $71,101 | $0 |