Civic Intelligence

Memphis Chamber Foundation

990 • Fiscal year 2011 • EIN 23-7057855

Jan 01, 2011 to Dec 31, 2011 • Filed on Aug 15, 2012

22 N Front St Suite 20038103
Siviq Scores

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

Liabilities / Assets

86th percentile

0.83x

Higher debt load relative to assets than 86% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

50th percentile

0.7%

Faster asset growth than 50% of similar nonprofits.

2011 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Up

$2,258,286

Up $16,100 (+0.7%) from 2010

Net Assets

Down

$383,921

Down $87,952 (-19%) from 2010

Liabilities

Up

$1,874,365

Up $104,052 (+5.9%) from 2010

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$5,845,785

Down $620,271 (-9.6%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2010: $2,242,186Liabilities 2010: $1,770,313Net Assets 2010: $471,8732010Assets 2011: $2,258,286Liabilities 2011: $1,874,365Net Assets 2011: $383,9212011Assets 2012: $684,000Liabilities 2012: $421,877Net Assets 2012: $262,1232012Assets 2013: $264,589Liabilities 2013: $17,297Net Assets 2013: $247,2922013Assets 2014: $265,861Liabilities 2014: $18,397Net Assets 2014: $247,4642014Assets 2015: $662,322Liabilities 2015: $291,441Net Assets 2015: $370,8812015Assets 2016: $914,021Liabilities 2016: $38,567Net Assets 2016: $875,4542016Assets 2017: $875,913Liabilities 2017: $67,381Net Assets 2017: $808,5322017Assets 2018: $299,174Liabilities 2018: $69,978Net Assets 2018: $229,1962018Assets 2019: $243,847Liabilities 2019: $54,352Net Assets 2019: $189,4952019Assets 2020: $896,878Liabilities 2020: $763,759Net Assets 2020: $133,1192020Assets 2021: $381,797Liabilities 2021: $145,545Net Assets 2021: $236,2522021Assets 2022: $1,833,165Liabilities 2022: $172,693Net Assets 2022: $1,660,4722022Assets 2023: $2,499,988Liabilities 2023: $70,769Net Assets 2023: $2,429,2192023Assets 2024: $1,921,631Liabilities 2024: $188,977Net Assets 2024: $1,732,6542024

Highlighted filing

2011

Assets$2,258,286
Liabilities$1,874,365
Net Assets$383,921

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $6,466,0562010Expenses 2011: $5,845,7852011Expenses 2012: $3,549,8102012Revenue 2013: $237,497Expenses 2013: $252,328Net Income 2013: -$14,8312013Revenue 2014: $562,922Expenses 2014: $562,750Net Income 2014: $1722014Revenue 2015: $271,023Expenses 2015: $280,809Net Income 2015: -$9,7862015Revenue 2016: $605,011Expenses 2016: $813,194Net Income 2016: -$208,1832016Revenue 2017: $2,302,225Expenses 2017: $2,031,656Net Income 2017: $270,5692017Revenue 2018: $742,031Expenses 2018: $854,774Net Income 2018: -$112,7432018Revenue 2019: $218,468Expenses 2019: $219,169Net Income 2019: -$7012019Revenue 2020: $1,629,596Expenses 2020: $1,671,472Net Income 2020: -$41,8762020Revenue 2021: $105,515Expenses 2021: $176,882Net Income 2021: -$71,3672021Revenue 2022: $266,946Expenses 2022: $311,534Net Income 2022: -$44,5882022Revenue 2023: $314,663Expenses 2023: $20,988Net Income 2023: $293,6752023Revenue 2024: $478,745Expenses 2024: $755,261Net Income 2024: -$276,5162024

Highlighted filing

2011

Revenue-
Expenses$5,845,785
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Aug 15, 2012
Return Version
2011v1.2
Gross Receipts
$5,757,833
Mission and Program Overview

Mission

The advancement of education or science lessening the burdens of government; lessening of neighborhood tensions; elimination of prejudice and discrimination, and combating community deterioration. Also, promotion of the advancement and diffusion of knowledge and understanding of economics, finance, education and training, science and technology as they relate to the community, the region, and their problems and opportunities, through 1) the undertaking of studies and research, compilation of results, and publication therof through any appropriate media; 2) the conduct of training courses, seminars, discussion groups, forums, panels, or lectures, and the like; 3) any activity which tends to promote understanding, unification, or improved relationship between different economic or ethnic groups.

Major Activities

Activity 2
Memphised initiative is a community led effort to better the city of memphis economic climate and make it a better place to live. The foundation acts as a pass through for the funding received for this program with the chamber receiving a percentage for related expenditures.
Filing and Contact Details

Filer

EIN
23-7057855
Raw XML AppendixShowing 400 of 471 raw XML fields

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IRS990ScheduleO/GeneralExplanation/Explanation0THE FINANCE COMMITTEE AND THE CFO REVIEW THE COMPLETED FORM 990 AND AFTER CONFIRMING ITS ACCURACY, THE PRESIDENT AND CEO REVIEWS THE DOCUMENT AND SIGN THE FORMS FOR FILING.
IRS990ScheduleO/GeneralExplanation/Explanation1EACH YEAR THE POLICY IS DISTRIBUTED TO THE BOARD OF DIRECTORS AND OFFICERS. PRIOR TO A VOTE REGARDING AN ISSUE, THE POLICY IS REVIEWED FOR ANY CONFLICTS. IF A CONFLICT EXISTS, THE DIRECTOR OR OFFICER IS RECUSED FROM THE VOTE.
IRS990ScheduleO/GeneralExplanation/Explanation2THE FORMS ARE KEPT IN A BINDER IN THE FINANCE DEPARTMENT ON AN ANNUAL BASIS SO AS TO BE ACCESSIBLE TO ANYONE AT ANY TIME. SHOULD A REQUEST FOR A COPY BE FILED WITH THE FOUNDATION, THE REQUEST IS GIVEN TO THE COMMUNICATIONS DEPT. TO DETERMINE THE AUTHENTICITY OF THE REQUEST. ONCE THIS IS DETERMINED, A REQUEST IS GIVEN TO THE FINANCE DEPT TO COMPLETE. THIS IS DONE IN A TIMELY MANNER ACCORDING TO THE REQUIREMENTS.
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION C, LINE 19
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.92$0.19$1.73$0.48$0.76$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.50$0.07$2.43$0.31$0.02$0.29
2022Detailed filing. Detailed filing data is available for this year.$1.83$0.17$1.66$0.27$0.31$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.38$0.15$0.24$0.11$0.18$0.07
2020Detailed filing. Detailed filing data is available for this year.$0.90$0.76$0.13$1.63$1.67$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.24$0.05$0.19$0.22$0.22$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.07$0.23$0.74$0.85$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.88$0.07$0.81$2.30$2.03$0.27
2016Detailed filing. Detailed filing data is available for this year.$0.91$0.04$0.88$0.61$0.81$0.21
2015Detailed filing. Detailed filing data is available for this year.$0.66$0.29$0.37$0.27$0.28$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.27$0.02$0.25$0.56$0.56$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.02$0.25$0.24$0.25$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.42$0.26$3.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.26$1.87$0.38$5.85
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$1.77$0.47$6.47