Memphis College Of Art
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 55
- Location
- Memphis, TN
- Founding
- 01/1947
- Data as of
- 02/2023
- EIN
- 62-0544854
Organization Overview
Memphis College Of Art is located in Memphis, TN. The organization was established in 1947. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 02/2023, Memphis College Of Art employed 55 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis College Of Art 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 02/2023, Memphis College Of Art generated $937.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (70.1%) each year. All expenses for the organization totaled $434.9k during the year ending 02/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL INSTRUCTIONS FOR STUDENTS IN DEGREE PROGRAMS AND CONTINUING EDUCATION COURSES FOR ADDITIONAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Doggrell Board Chair | 1 | $0 | |
Allison Braswell Board Member | 1 | $0 | |
Gary Backaus Board Member | 1 | $0 | |
Cecil Humphreys Board Member | 1 | $0 | |
Murray Riss Board Member | 1 | $0 | |
Rhynette Hurd Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peacock Poplar Llc Rent | 6/29/20 | $220,000 |
Windstream Internet Service | 6/29/20 | $150,731 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $937 |
| Total Revenue | $937 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $9,727 |
| Professional fees and other payments to independent contractors | $21,301 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,673 |
| Total expenses | $434,882 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |