Civic Intelligence

Memphis Plough Community Foundation

990 • Fiscal year 2024 • EIN 23-7047899

May 01, 2023 to Apr 30, 2024 • Filed on Jan 27, 2025

Organization ProfileWWW.CFGM.ORG
1900 Union AvenueMemphis, TN 38112

(901) 728-4600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

11th percentile

-28%

Higher net margin than 11% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$431,470

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 554.1% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

52nd percentile

5.1%

Faster asset growth than 52% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

413%

Faster revenue growth than 98% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets18th percentile

Assets

Up

$1,846,258

Up $89,749 (+5.1%) from 2023

Net Assets

Up

$1,846,258

Up $90,724 (+5.2%) from 2023

Liabilities

Down

$0

Down $975 (-100%) from 2023

Revenue And Expenses
Liabilities / Revenue18th percentileNet Margin11th percentile

Revenue

Up

$77,873

Up $62,691 (+413%) from 2023

Expenses

Down

$99,558

Down $2,424 (-2.4%) from 2023

Net Income

Up

-$21,685

Up $65,115 (+75%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth52nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2016: $1,770,946Liabilities 2016: $0Net Assets 2016: $1,770,9462016Assets 2021: $2,066,399Liabilities 2021: $0Net Assets 2021: $2,066,3992021Assets 2022: $1,832,279Liabilities 2022: $0Net Assets 2022: $1,832,2792022Assets 2023: $1,756,509Liabilities 2023: $975Net Assets 2023: $1,755,5342023Assets 2024: $1,846,258Liabilities 2024: $0Net Assets 2024: $1,846,2582024Assets 2025: $1,919,860Liabilities 2025: $0Net Assets 2025: $1,919,8602025

Highlighted filing

2024

Assets$1,846,258
Liabilities$0
Net Assets$1,846,258
Open 2024 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200K$100K$0-$100KRevenue 2016: $76,211Expenses 2016: $95,064Net Income 2016: -$18,8532016Revenue 2021: $113,827Expenses 2021: $96,880Net Income 2021: $16,9472021Revenue 2022: $182,673Expenses 2022: $31,851Net Income 2022: $150,8222022Revenue 2023: $15,182Expenses 2023: $101,982Net Income 2023: -$86,8002023Revenue 2024: $77,873Expenses 2024: $99,558Net Income 2024: -$21,6852024Revenue 2025: $74,310Expenses 2025: $102,841Net Income 2025: -$28,5312025

Highlighted filing

2024

Revenue$77,873
Expenses$99,558
Net Income-$21,685
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2023 to Apr 30, 2024
Signed
Jan 27, 2025
Return Version
2023v6.0
Gross Receipts
$77,873
Mission and Program Overview

Mission

The primary exempt purpose of the organization is to assist the community foundation of greater memphis, inc. In carrying out its charitable mission.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,756,510$1,846,258▲ $89,748
Cash and Non-Interest-Bearing Accounts$-1--
Total Assets$1,756,509$1,846,258▲ $89,749
Liabilities
Accounts Payable and Accrued Expenses$975$0▼ $975
Total Liabilities$975$0▼ $975
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,755,534$1,846,258▲ $90,724
Total Net Assets Fund Balance$1,755,534$1,846,258▲ $90,724
Total Liabilities and Net Assets / Fund Balance$1,756,509$1,846,258▲ $89,749

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$1,846,258--
Compensation and Service Providers
Top Officer Pay97th percentile

Board Members and Trustees

NameTitle
Chris KelleyChair
Molly WexlerChair
Robert M FocklerPresident
J Kenneth MarstonDirector
Jay HealyDirector
Robert J QuinnDirector
J Martin Regan JrSecretary
George LummTreasurer Until 4.30.24
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$77,873
Other Revenue
$0
Change in Net Assets
$-21,685
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$73,350
Other Expenses$26,208
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$73,350--$73,350
Fees for Services Management$17,717--$17,717
Fees for Service Investment Mgmnt Fees-$5,521-$5,521
Fees for Services Accounting-$2,970-$2,970
Total Functional Expenses$91,067$8,491$0$99,558
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Community Foundation of Greater MemphisMemphis, TN501c3General Operating Support$73,350
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The foundation distributes the form 990 to its directors via email; however, due to time constraints, the form is reviewed by the board after filing. The directors then have the opportunity to review the filing and respond to the treasurer with any questions or concerns. If the treasurer does not receive any inquiries after a reasonable period of time then he will consider this as approval of the form 990.”

Form 990, Part VI, Section B, Line 12C

“The policy is provided to all directors, principal officers, and top management annually. They are asked to sign a statement affirming that they have received a copy of the policy, have read and understand the policy, and agree to comply with the policy. The board is also surveyed for any issues. In the event of a potential conflict during the year, the interested person shall recuse himself/herself from all discussions and vote on the matter.”

Form 990, Part VI, Section B, Line 15

“Key personnel in support of the foundation are employees of the community foundation of greater memphis ("cfgm"), the supported organization, and are subject to the compensation and personnel policies of cfgm. Cfgm consistently reviews and documents its compensation structure to ensure reasonableness.”

Form 990, Part VI, Section C, Line 19

“The foundation's form 990 is maintained in the organization's office and is available upon request. Additionally, it is also available on the web site www.guidestar.org.”

Filing and Contact Details

Filer

Filer Name
Memphis-plough Community Foundation
EIN
23-7047899
Phone
9017284600
Address
1900 UNION AVENUE, MEMPHIS, TN 38112

Signing Officer

Name
Robert M Fockler
Title
President
Phone
9017284600
Signed
2025-01-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert M Fockler
Formed
1974
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Elliott Davis Llcpllc
Address
500 EAST MOREHEAD STREET SUITE 700, CHARLOTTE, NC 28202
Preparer
Janice a Ratica
Phone
7043338881
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed.”

Financial Statement Notes

PART X, LINE 2:

“The foundation has been determined to be exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code as evidenced by a determination letter dated august 22, 1990. Additionally, the foundation has been determined to be an organization that is not a private foundation. The foundation has determined that it does not have any material unrecognized tax positions as of april 30, 2024 or 2023.”

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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GENERAL OPERATING SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0COMMUNITY FOUNDATION OF GREATER MEMPHIS
IRS990ScheduleI/RecipientTable/RecipientEIN0581723645
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01900 UNION AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038104
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0A GRANT IS RECOMMENDED BY ONE OF THE DIRECTORS THROUGH A WRITTEN REQUEST TO THE TREASURER. THE TREASURER VERIFIES THAT THE RECOMMENDED RECIPIENT IS A LEGITIMATE 501(3)(3) ORGANIZATION. THE GRANT IS SUBSEQUENTLY APPROVED FOR DISBURSEMENT BY 2 OF THE FOLLOWING 3 OFFICERS: THE PRESIDENT, THE TREASURER OR THE SECRETARY. AT THE NEXT SCHEDULED BOARD MEETING, THE FULL BOARD OF DIRECTORS VOTES TO RATIFY THE GRANT. THE GRANT STATUS IS MONITORED BY THE STAFF OF THE SUPPORTED ORGANIZATION UNTIL COMPLETION OF THE DESIGNATED PURPOSE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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IRS990ScheduleI/TotalOtherOrgCnt00
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt121422
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1GEORGE LUMM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1TREASURER UNTIL 4.30.24
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0431470
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1241723
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION DISTRIBUTES THE FORM 990 TO ITS DIRECTORS VIA EMAIL; HOWEVER, DUE TO TIME CONSTRAINTS, THE FORM IS REVIEWED BY THE BOARD AFTER FILING. THE DIRECTORS THEN HAVE THE OPPORTUNITY TO REVIEW THE FILING AND RESPOND TO THE TREASURER WITH ANY QUESTIONS OR CONCERNS. IF THE TREASURER DOES NOT RECEIVE ANY INQUIRIES AFTER A REASONABLE PERIOD OF TIME THEN HE WILL CONSIDER THIS AS APPROVAL OF THE FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE POLICY IS PROVIDED TO ALL DIRECTORS, PRINCIPAL OFFICERS, AND TOP MANAGEMENT ANNUALLY. THEY ARE ASKED TO SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE POLICY, HAVE READ AND UNDERSTAND THE POLICY, AND AGREE TO COMPLY WITH THE POLICY. THE BOARD IS ALSO SURVEYED FOR ANY ISSUES. IN THE EVENT OF A POTENTIAL CONFLICT DURING THE YEAR, THE INTERESTED PERSON SHALL RECUSE HIMSELF/HERSELF FROM ALL DISCUSSIONS AND VOTE ON THE MATTER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2KEY PERSONNEL IN SUPPORT OF THE FOUNDATION ARE EMPLOYEES OF THE COMMUNITY FOUNDATION OF GREATER MEMPHIS ("CFGM"), THE SUPPORTED ORGANIZATION, AND ARE SUBJECT TO THE COMPENSATION AND PERSONNEL POLICIES OF CFGM. CFGM CONSISTENTLY REVIEWS AND DOCUMENTS ITS COMPENSATION STRUCTURE TO ENSURE REASONABLENESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION'S FORM 990 IS MAINTAINED IN THE ORGANIZATION'S OFFICE AND IS AVAILABLE UPON REQUEST. ADDITIONALLY, IT IS ALSO AVAILABLE ON THE WEB SITE WWW.GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESS HAS NOT CHANGED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd70
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd80
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd90
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd100
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd3N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd4N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd5N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd6N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd7N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd8N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd9N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd10N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COMMUNITY FOUNDATION OF GREATER MEMPHIS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE CANALE FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2COMMUNITY FOUNDATION REALTY INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3THE CLARENCE DAY FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4THE DUNAVANT FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5GILLILAND FAMILY FUND INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6MARTIN FAMILY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7MARCH FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8THE PICTSWEET FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9PORTER-LEATH EARLY CHILDHOOD FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10THE TURLEY FOUNDATION INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0581723645
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1621670425
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt4501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt5501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt6501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt7501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt8501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt9501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt10501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2TN

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,846,258
Liabilities
$0
Net assets
$1,846,258
Revenue
$77,873
Expenses
$99,558
Net income
-$21,685
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.92$0.00$1.92$0.07$0.10$0.03
2024Detailed filing. Detailed filing data is available for this year.$1.85$0.00$1.85$0.08$0.10$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$0.02$0.10$0.09
2022Detailed filing. Detailed filing data is available for this year.$1.83$0.00$1.83$0.18$0.03$0.15
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.07$0.00$2.07$0.11$0.10$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.08$0.10$0.02