Ronald Mcdonald House Charities Of Memphis Inc
- Assets
- $25.4m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 26
- Location
- Memphis, TN
- Founding
- 12/1986
- Data as of
- 12/2021
- EIN
- 62-1220396
Organization Overview
Ronald Mcdonald House Charities Of Memphis Inc is located in Memphis, TN. The organization was established in 1986. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 12/2021, Ronald Mcdonald House Charities Of Memphis Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ronald Mcdonald House Charities Of Memphis Inc 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 12/2021, Ronald Mcdonald House Charities Of Memphis Inc generated $3.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. 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
THE MISSION OF RONALD MCDONALD HOUSE CHARITIES OF MEMPHIS IS TO PROVIDE TEMPORARY HOUSING AT NO CHARGE FOR FAMILIES WHO ARE IN MEMPHIS WHILE THEIR CHILD IS RECEIVING TREATMENT FOR CANCER OR ANOTHER CATASTROPHIC ILLNESS AT ST. JUDE CHILDREN'S RESEARCH HOSPITAL.
Describe the Organization's Program Activity:
RMHC MEMPHIS CELEBRATED 30 YEARS OF SERVICE IN 2021 ALONG WITH INTENTIONAL UPGRADES OF CAPITAL EXPENDITURES TO BETTER SERVE FAMILIES, AND HELD THE LARGEST FUNDRAISER IN THE HISTORY OF THE HOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill Crocker Executive Director | Officer | 40 | $158,616 |
Sherri Maxey Director Of Family Service | 40 | $100,564 | |
Rene Bustamante President | OfficerTrustee | 1 | $0 |
Mike Amick Jr Vice President | OfficerTrustee | 1 | $0 |
Karen Goff Thomas Treasurer | OfficerTrustee | 1 | $0 |
Betsy Brasher Melby Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Damon Marcus Hvac Services | 12/30/21 | $353,954 |
Truesense Marketing Marketing Solicitations | 12/30/21 | $105,565 |
Proscan Solutions Keyless Entry & Camera Security Project | 12/30/21 | $159,770 |
G4s Secure Solutions Inc Security Services | 12/30/21 | $143,430 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,310,896 |
| Noncash contributions included in lines 1a–1f | $25,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,310,896 |
| Total Program Service Revenue | $979,397 |
| Investment income | $418,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $327,631 |
| Net Income from Fundraising Events | $605,995 |
| Net Income from Gaming Activities | $42,139 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,684,444 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $306,209 |
| Compensation of current officers, directors, key employees. | $39,978 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $904,711 |
| Pension plan accruals and contributions | $44,382 |
| Other employee benefits | $124,423 |
| Payroll taxes | $90,022 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $105,565 |
| Fees for services: Investment Management | $85,800 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,452 |
| Office expenses | $1,903 |
| Information technology | $101,124 |
| Royalties | $0 |
| Occupancy | $20,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $571,972 |
| Insurance | $87,188 |
| All other expenses | $126,400 |
| Total functional expenses | $3,382,698 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,630,161 |
| Pledges and grants receivable | $655,704 |
| Accounts receivable, net | $0 |
| 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 | $27,760 |
| Net Land, buildings, and equipment | $6,720,604 |
| Investments—publicly traded securities | $14,637,093 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $745,552 |
| Total assets | $25,416,874 |
| Accounts payable and accrued expenses | $200,479 |
| Grants payable | $0 |
| 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 | $0 |
| Total liabilities | $200,479 |
| Net assets without donor restrictions | $23,612,181 |
| Net assets with donor restrictions | $1,604,214 |
| 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 | $25,416,874 |
Grants Recieved
Over the last fiscal year, we have identified 15 grants that Ronald Mcdonald House Charities Of Memphis Inc has recieved totaling $743,558.
| Awarding Organization | Amount |
|---|---|
Ronald Mcdonald House Charities Inc Chicago, IL PURPOSE: See part IV - d | $289,271 |
Sky High For St Judes Inc Houston, TX PURPOSE: TO PROVIDE COMFORT AND SUPPORT FAMILIES WHILE STAYING FOR TREATMENT AT ST. JUDE CHILDREN'S RESEARCH HOSPITAL. | $250,000 |
Alis Way Memphis, TN PURPOSE: TO ASSIST FAMILIES AS THEY FIGHT CANCER.TO ASSIST FAMILIES AS THEY FIGHT CANCER. | $61,900 |
Charity Cars Inc Longwood, FL PURPOSE: TRANSPORTATION | $44,450 |
Community Foundation Of Greater Memphis Inc Memphis, TN PURPOSE: GENERAL OPERATIONAL SUPPORT | $40,600 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $20,000 |
Endowment Analysis
| Beg. Balance | $5,015,264 |
| Earnings | $625,354 |
| Admin Expense | $37,279 |
| Ending Balance | $5,603,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glen Flora Lumberton, NC | $5,677,360 | $5,941,472 |
Southeast Clinical Oncology Research Consortium Inc Winstonsalem, NC | $1,482,173 | $3,901,035 |
Ronald Mcdonald House Charities Of Memphis Inc Memphis, TN | $25,416,874 | $3,684,444 |
Fight Colorectal Cancer Inc Springfield, MO | $4,461,667 | $2,518,270 |
National Cancer Registrars Assoc Alexandria, VA | $2,121,602 | $2,744,250 |
Roc Solid Foundation Inc Chesapeake, VA | $1,819,007 | $2,915,723 |
Camp Sunshine Inc Decatur, GA | $16,568,676 | $3,692,986 |
United Cancer Support Foundation Knoxville, TN | $495,054 | $1,929,700 |
Ceo Roundtable On Cancer Inc Morrisville, NC | $3,714,363 | $3,030,282 |
Ask Childhood Cancer Foundation Richmond, VA | $4,176,452 | $2,598,782 |
Ronald Mcdonald House Charities Of The Bluegrass Inc Lexington, KY | $4,873,709 | $1,892,558 |
Horizons Community Solutions Inc Albany, GA | $1,130,013 | $1,343,214 |