Life Choices Of Memphis Inc
- Assets
- $2.1m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 26
- Location
- Memphis, TN
- Founding
- 06/1987
- Data as of
- 06/2023
- EIN
- 62-1281799
Organization Overview
Life Choices Of Memphis Inc is located in Memphis, TN. The organization was established in 1987. According to its NTEE Classification (E40) the organization is classified as: Reproductive Health Care, under the broad grouping of Health Care and related organizations. As of 06/2023, Life Choices Of Memphis Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Life Choices 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 06/2023, Life Choices Of Memphis Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $1.8m during the year ending 06/2023. While expenses have increased by 7.7% per year over the past 7 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
PROVIDING A NON-JUDGMENTAL, CHRIST-LIKE ENVIRONMENT DESIGNED TO EDUCATE AND EMPOWER WOMEN TO CHOOSE AND CHERISH LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADOPTION AND LIFE-AFFIRMING DECISIONS (SEE ATTACHED STATEMENT)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Schroeder CFO | Officer | 40 | $74,324 |
Shelley Sumner CEO | Officer | 40 | $51,867 |
Curt Cromis Director | Trustee | 1 | $0 |
Josh Davis Director | Trustee | 1 | $0 |
Dr Tom Gray Director Non | Trustee | 1 | $0 |
Kimberly Harris Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $612,008 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,298,944 |
| Noncash contributions included in lines 1a–1f | $19,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,910,952 |
| Total Program Service Revenue | $98,047 |
| Investment income | $9,254 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24 |
| Net Income from Fundraising Events | -$71,289 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,949,242 |
| 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. | $164,262 |
| Compensation of current officers, directors, key employees. | $14,783 |
| Compensation to disqualified persons | $44,263 |
| Other salaries and wages | $849,538 |
| Pension plan accruals and contributions | $21,639 |
| Other employee benefits | $90,424 |
| Payroll taxes | $87,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,684 |
| Fees for services: Accounting | $18,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,967 |
| Advertising and promotion | $65,716 |
| Office expenses | $20,804 |
| Information technology | $8,085 |
| Royalties | $0 |
| Occupancy | $115,207 |
| Travel | $14,920 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,528 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,490 |
| Insurance | $25,686 |
| All other expenses | $15,000 |
| Total functional expenses | $1,781,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,838 |
| Savings and temporary cash investments | $1,248,741 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,284 |
| 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 | $31,174 |
| Net Land, buildings, and equipment | $643,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,035 |
| Total assets | $2,051,701 |
| Accounts payable and accrued expenses | $18,354 |
| 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 | $151,564 |
| Other liabilities | $68,245 |
| Total liabilities | $238,163 |
| Net assets without donor restrictions | $1,562,539 |
| Net assets with donor restrictions | $250,999 |
| 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 | $2,051,701 |