My Memphis Charitable Foundation
- Assets
- $0.0
- Revenue
- $135.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- Data as of
- 05/2019
- EIN
- 62-1576628
Organization Overview
My Memphis Charitable Foundation is located in Memphis, TN. My Memphis Charitable Foundation 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 05/2019, My Memphis Charitable Foundation generated $135.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $44.6k during the year ending 05/2019. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE FINANCIAL SUPPORT FOR THE PRESERVATION OF MEMPHIS' MUSICAL HERITAGE, ITS MUSICIANS AND TECHNICIANS, THE PROMOTION OF EDUCATION AND THE ADVANCEMENT OF HEALTHCARE AND RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HONOR AND SUPPORT MEMPHIS MUSICIANS THROUGH THE PRESERVATION OF THE HISTORICAL SIGNIFICANCE OF MEMPHIS MUSIC, DEMONSTRATION OF ITS INFLUENCE ON ALL MUSIC GENRES AND EXPOSING AND EDUCATING THE PUBLIC TO THE MEMPHIS MUSICIANS AND THEIR INDUSTRY.
PROVIDE ASSISTANCE TO ANY HEALTH CARE INSTITUTION FOR RESEARCH OR CARE OR ANY ACTIVITIES FOR THE ENJOYMENT OF THE HANDICAPPED OR TERMINALLY ILL.
PROVIDE ASSISTANCE FOR THE PRESERVATION AND PROMOTION OF EDUCATION THROUGH FUNDING SCHOLARSHIPS AND PRESERVATION OF LITERARY AND ARTISTICAL DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Kerr Tigrett Trustee | Trustee | 10 | $0 |
Donald W Pemberton Trustee | Trustee | 2 | $0 |
Jim Kerr Trustee | Trustee | 1 | $0 |
Anna Strasberg Trustee | Trustee | 1 | $0 |
Rev Audrey Gonzalez Trustee | Trustee | 1 | $0 |
Sandra Rutledge Trustee | Trustee | 1 | $0 |
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 | $115,481 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,481 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $20,063 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $135,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $7,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,000 |
| Fees for services: Accounting | $14,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $522 |
| Office expenses | $3,062 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $709 |
| Insurance | $544 |
| All other expenses | $0 |
| Total functional expenses | $44,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, My Memphis Charitable Foundation has awarded $7,500 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BADDOUR CENTER PURPOSE: Exempt purpose | $1,000 |
MADONNA LEARNING CENTER PURPOSE: Exempt purpose | $1,000 |
LEBONHEUR CHILDRENS HOSPITAL PURPOSE: Exempt purpose | $1,500 |
MAKE-A-WISH FOUNDATION PURPOSE: Exempt purpose | $1,000 |
BILLY RIVERS ANGELIC VOICES OF FAITH PURPOSE: Exempt purpose | $1,000 |
ST JUDE CHILDRENS HOSPITAL PURPOSE: Exempt purpose | $2,000 |