My Cup Of Tea Inc
- Assets
- $181.5k
- Revenue
- $545.7k
- Investments
- $0.0
- Employees
- 17
- Location
- Memphis, TN
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 82-1106136
Organization Overview
My Cup Of Tea Inc is located in Memphis, TN. The organization was established in 2017. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2022, My Cup Of Tea Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. My Cup Of Tea 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 12/2022, My Cup Of Tea Inc generated $545.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $565.7k during the year ending 12/2022. 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
MY CUP OF TEA INC.'S (MCOT) MISSION IS TO WALK WOMEN BEYOND THE BOUNDARIES OF POVERTY AND NEGLECT AND ASSIST THEM IN FINDING THEIR PURPOSE. SPECIFICALLY, MCOT USES TEA PACKAGING AND DISTRIBUTION TO TRAIN UNDER-SERVED WOMEN OF THE 38111 AND 38104 ZIP CODES IN URBAN MEMPHIS, TENNESSEE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEA OPERATIONS:MCOT IS LOCATED SQUARELY WITHIN ORANGE MOUND AND ITS TEA OPERATION GIVES THE WOMEN OF ORANGE MOUND VALUABLE TRAINING IN ALL ASPECTS OF THE TEA OPERATION. FROM BUILDING SHIPPING CONTAINERS FROM SCRATCH, TO IDENTIFYING, SORTING AND PACKAGING THE TEA, THERE ARE OPPORTUNITIES FOR EACH WOMAN, NO MATTER HER INITIAL SKILL LEVEL. THIS VOCATIONAL, HANDS-ON TRAINING ALSO INCLUDES ELEMENTS OF COMPUTER LITERACY, FINANCIAL PLANNING/BUDGETING, GED PREPARATION AND IN MANY INSTANCES, LIFE RECOVERY. TO DATE, OVER 25 WOMEN HAVE SUCCESSFULLY COMPLETED VARIOUS CLASSES. THE ULTIMATE GOAL OF MCOT IS TO EQUIP THE UNDER-SERVED WOMEN OF ORANGE MOUND WITH LIFE SKILLS THAT LEAD TO FULL-TIME, GAINFUL EMPLOYMENT.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carey Moore Chairman & Founder | Trustee | 1 | $0 |
Richard Moore Jr Treasurer | Trustee | 1 | $0 |
Tk Carter Director | Trustee | 1 | $0 |
Laura Cofield Director | Trustee | 1 | $0 |
Cheryl Henderson Director | Trustee | 1 | $0 |
Debbie Hert Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $469,120 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $475,120 |
| 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 | $70,581 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $545,701 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $383,855 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,456 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,801 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,561 |
| Advertising and promotion | $36,832 |
| Office expenses | $17,367 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,969 |
| 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 | $8,234 |
| Insurance | $20,910 |
| All other expenses | $1,604 |
| Total functional expenses | $565,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,648 |
| 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 | $102,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $181,520 |
| Accounts payable and accrued expenses | $16,929 |
| 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 | $16,929 |
| Net assets without donor restrictions | $126,944 |
| Net assets with donor restrictions | $37,647 |
| 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 | $181,520 |