The Cathedral Foundation Inc
- Assets
- $766.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 81-1596426
Organization Overview
The Cathedral Foundation Inc is located in Memphis, TN. The organization was established in 2017. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cathedral Foundation 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 12/2023, Cathedral Foundation Inc generated $136.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 43.4% each year . All expenses for the organization totaled $171.5k during the year ending 12/2023. While expenses have increased by 51.5% per year over the past 4 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Davin Clemmons President | 20 | $6,440 | |
Darnell Gooch Vice President | 20 | $6,440 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $60,000 |
| Total Program Service Revenue | $73,221 |
| Membership dues | $3,315 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $136,536 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $12,880 |
| Professional fees and other payments to independent contractors | $18,899 |
| Occupancy, rent, utilities, and maintenance | $581 |
| Printing, publications, postage, and shipping | $4,101 |
| Other expenses | $135,068 |
| Total expenses | $171,529 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $766 |
| Other assets | $0 |
| Total assets | $766 |
| Total liabilities | $15,920 |
| Net assets or fund balances | -$15,154 |