Poplar Foundation
- Assets
- $98.9m
- Revenue
- -$14.9k
- Investments
- $98.0m
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/1995
- Data as of
- 12/2023
- EIN
- 62-1586727
Organization Overview
Poplar Foundation is located in Memphis, TN. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Poplar Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Staley Cates Director/president | 2 | $0 | |
Andrew R Mccarroll Director/secretary | 1 | $0 | |
Kevin Compton Director | 1 | $0 | |
Margaret Cates Director | 1 | $0 | |
Edward Cates Director | 1 | $0 | |
Thomas Marino Executive Director | 40 | $339,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Living In The Afterworld Llc | 12/30/23 | $116,658 |
Christopher Miner | 12/30/23 | $74,997 |
John Barker | 12/30/23 | $58,703 |
Edspace Consulting Group Llc | 12/30/23 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$14,934 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$14,934 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,108,770 |
| Pension plans, employee benefits | $259,028 |
| Interest | $739,847 |
| Taxes | $60,677 |
| Depreciation | $39,229 |
| Occupancy | $88,797 |
| Travel, conferences, and meetings | $7,940 |
| Printing and publications | $584 |
| Other expenses | $126,166 |
| Total operating and administrative expenses | $2,788,122 |
| Contributions, gifts, grants paid | $26,865,320 |
| Total expenses and disbursements | $29,653,442 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $568,503 |
| Savings and temporary cash investments | $0 |
| 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 | $67,501 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $97,970,562 |
| Net Land, buildings, and equipment | $247,424 |
| Other assets | $0 |
| Total assets | $98,853,990 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $895,038 |
| Other liabilities | $0 |
| Total liabilities | $895,038 |
Grants Awarded
Over the last fiscal year, Poplar Foundation has awarded $26,053,649 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY FOUNDATION OF GREATER MEMPHIS PURPOSE: COMMUNITY FOUNDATION | $728,625 |
HOPE CHRISTIAN COMMUNITY FOUNDATION PURPOSE: COMMUNITY FOUNDATION | $24,202,172 |
COLLEGIATE SCHOOL OF MEMPHIS PURPOSE: URBAN EDUCATION | $792,852 |
BINGHAMPTON DEVELOPMENT CORPORATION PURPOSE: COMMUNITY DEVELOPMENT - HOUSING, JOBS, HEALTH, AND EDUCATION | $330,000 |