Memphis Cultural Arts Enrichment Center
- Assets
- $28.8k
- Revenue
- $56.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Collierville, TN
- Founding
- 05/2000
- Data as of
- 12/2022
- EIN
- 62-1797880
Organization Overview
Memphis Cultural Arts Enrichment Center is located in Collierville, TN. The organization was established in 2000. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Cultural Arts Enrichment Center 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 12/2022, Memphis Cultural Arts Enrichment Center generated $56.5k 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 (7.3%) each year. All expenses for the organization totaled $64.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
YOUTH TRAINING PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS TRAINED AND DEVELOPED CHILDREN FROM LOW INCOME HOUSEHOLDS, AGES 6 TO 18 YEARS, IN MUSIC, DANCE AND THE VISUAL ARTS.
THE ORGANIZATION HAS TRAINED AND DEVELOPED CHILDREN FROM LOW INCOME HOUSEHOLDS, AGES 6 TO 18 YEARS, IN MUSIC, DANCE AND THE VISUAL ARTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald O'conner President | Officer | 40 | $60,000 |
Della Perkins Secretary | Officer | 1 | $0 |
Rhonda Franklin Director | Trustee | 5 | $0 |
Dan Norwood Director | Trustee | 1 | $0 |
Connie Williams Director | Trustee | 1 | $0 |
Cassandra Taylor Director | 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 | $56,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,500 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,500 |
| 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. | $60,000 |
| 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 | $4,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $21 |
| Total functional expenses | $64,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,774 |
| 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 | $28,774 |
| Accounts payable and accrued expenses | $148 |
| 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 | $13,500 |
| Other liabilities | $0 |
| Total liabilities | $13,648 |
| Net assets without donor restrictions | $15,126 |
| Net assets with donor restrictions | $0 |
| 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 | $28,774 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Memphis Cultural Arts Enrichment Center has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Kite Foundation Memphis, TN PURPOSE: GENERAL FUND | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penland School Of Craft Penland, NC | $77,347,904 | $8,195,417 |
Georgia Family Connection Partnership Inc Atlanta, GA | $2,438,280 | $6,252,094 |
Arrowmont School Of Arts And Crafts Gatlinburg, TN | $53,053,900 | $4,804,249 |
International Public Management Association For Human Resources Alexandria, VA | $3,795,401 | $2,711,747 |
Artsplus Charlotte, NC | $2,425,687 | $2,154,815 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |
Artspace Inc Raleigh, NC | $1,201,619 | $651,834 |
Fort Smith Art Center Inc Fort Smith, AR | $4,977,849 | $1,507,880 |
W O Smith Nashville Community Music School Nashville, TN | $5,939,533 | $597,362 |
Open Hearts Art Center Asheville, NC | $896,904 | $891,931 |
Art 180 Inc Richmond, VA | $1,595,079 | $791,306 |
Artportunity Knocks Atlanta, GA | $37,008 | $383,836 |