Assisi Foundation Of Memphis Inc
- Assets
- $238.1m
- Revenue
- $32.9m
- Investments
- $233.8m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 62-1558722
Organization Overview
Assisi Foundation Of Memphis Inc is located in Memphis, TN. The organization was established in 1994. According to its NTEE Classification (T21) the organization is classified as: Corporate Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Assisi Foundation 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, Assisi Foundation Of Memphis Inc generated $32.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $12.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Assisi Foundation Of Memphis Inc has awarded 160 individual grants totaling $25,912,936. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Young Executive Direc | 45 | $288,603 | |
Ernestine Smith Programs Mgr | 40 | $96,456 | |
Colby T Wamble Grants Mgr | 40 | $76,200 | |
Tiffanie Grier Programs Mgr | 40 | $72,750 | |
Elise Mckelvey Programs Mgr | 40 | $65,600 | |
Thomas C Farnsworth III Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vanguard Investments | 12/30/21 | $158,793 |
Dixon Hughes Goodman | 12/30/21 | $0 |
Gant Systems | 12/30/21 | $0 |
Michael Hatcher Associates | 12/30/21 | $0 |
Capital Group Investments | 12/30/21 | $367,304 |
Capital Group Investments | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,788 |
| Dividends & Interest | $3,401,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,444,067 |
| Capital Gain Net Income | $29,444,067 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $32,851,811 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $288,603 |
| Other employee salaries and wages | $407,575 |
| Pension plans, employee benefits | $68,789 |
| Interest | $0 |
| Taxes | $432,795 |
| Depreciation | $108,695 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,293 |
| Printing and publications | $0 |
| Other expenses | $335,729 |
| Total operating and administrative expenses | $2,328,630 |
| Contributions, gifts, grants paid | $10,320,838 |
| Total expenses and disbursements | $12,649,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,613,580 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $12,791 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,985,228 |
| Net Land, buildings, and equipment | $2,723,525 |
| Other assets | $0 |
| Total assets | $238,137,134 |
| Accounts payable and accrued expenses | $192,813 |
| Grants payable | $1,168,160 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $2 |
| Total liabilities | $1,360,975 |
Grants Awarded
Over the last fiscal year, Assisi Foundation Of Memphis Inc has awarded $12,163,990 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
Knoxville, TN PURPOSE: THE BIG INITIATIVE | $1,500,000 |
Memphis, TN PURPOSE: RESEARCH INSTITUTE | $1,000,000 |
MEMPHIS RIVER PARKS PARTNERSHIP PURPOSE: TOM LEE PARK | $1,000,000 |
Memphis, TN PURPOSE: CELL + GENE THERAPY | $825,000 |
Memphis, TN PURPOSE: RIVER CITY PARTNERSHIP | $500,000 |
Memphis, TN PURPOSE: HANDORF COMPANY ARTIST PROGRAM | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Assisi Foundation Of Memphis Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Kresge Foundation Troy, MI PURPOSE: THE PURPOSE OF THIS GRANT IS TO SUPPORT THE ASSISI FOUNDATION IN MEMPHIS TO ASSIST IDEAS42 IN DEVELOPING COMMUNITY DRIVEN NARRATIVES IN MEMPHIS. | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Burroughs Wellcome Fund Research Triangle Park, NC | $946,804,754 | $86,337,046 |
Dollywood Foundation Pigeon Forge, TN | $23,282,143 | $42,750,755 |
Blue Cross And Blue Shield Of North Carolina Foundation Durham, NC | $253,862,813 | $27,558,288 |
Alabama Power Foundation Inc Birmingham, AL | $164,336,755 | $18,795,477 |
Tennessee Health Foundation Inc Chattanooga, TN | $243,056,353 | $3,261,329 |
Masters Tournament Foundation Inc Augusta, GA | $56,432,291 | $20,283,494 |
Assisi Foundation Of Memphis Inc Memphis, TN | $238,137,134 | $32,851,811 |
Commonwealth Foundations Richmond, VA | $819,010 | $12,460,000 |
Blue Cross & Blue Shield Of Mississippi Foundation Flowood, MS | $119,611,651 | $5,854,084 |
Caring Foundation Birmingham, AL | $70,981,159 | $5,434,235 |
Brown-Forman Foundation Louisville, KY | $0 | $24,207,060 |
Carmax Foundation Richmond, VA | $6,340,369 | $9,797,991 |