Civic Intelligence

Indie Memphis

990 • Fiscal year 2022 • EIN 26-2165160

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 25, 2023

1910 Madison Ave 632Memphis, TN 38104

(901) 214-5171

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.14x

Higher debt load relative to assets than 63% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

47th percentile

0.07x

Higher debt load relative to revenue than 47% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

79th percentile

29%

Higher net margin than 79% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

42nd percentile

$22,650

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

93rd percentile

89%

Faster asset growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

94th percentile

164%

Faster revenue growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Up

$553,372

Up $260,536 (+89%) from 2021

Net Assets

Up

$473,238

Up $326,542 (+223%) from 2021

Liabilities

Down

$80,134

Down $66,006 (-45%) from 2021

Revenue

Up

$1,133,717

Up $703,474 (+164%) from 2021

Expenses

Up

$807,175

Up $79,906 (+11%) from 2021

Net Income

Up

$326,542

Up $623,568 (+210%) from 2021

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2010: $38,321Liabilities 2010: $13,264Net Assets 2010: $25,0572010Assets 2011: $84,376Liabilities 2011: $19,780Net Assets 2011: $64,5962011Assets 2012: $125,489Liabilities 2012: $15,920Net Assets 2012: $109,5692012Assets 2013: $106,529Liabilities 2013: $3,659Net Assets 2013: $102,8702013Assets 2014: $115,644Liabilities 2014: $66,224Net Assets 2014: $49,4202014Assets 2015: $184,643Liabilities 2015: $37,818Net Assets 2015: $146,8252015Assets 2016: $233,101Liabilities 2016: $51,572Net Assets 2016: $181,5292016Assets 2017: $234,601Liabilities 2017: $84,471Net Assets 2017: $150,1302017Assets 2018: $260,966Liabilities 2018: $53,620Net Assets 2018: $207,3462018Assets 2019: $333,894Liabilities 2019: $12,911Net Assets 2019: $320,9832019Assets 2020: $498,098Liabilities 2020: $54,376Net Assets 2020: $443,7222020Assets 2021: $292,836Liabilities 2021: $146,140Net Assets 2021: $146,6962021Assets 2022: $553,372Liabilities 2022: $80,134Net Assets 2022: $473,2382022Assets 2023: $418,248Liabilities 2023: $19,889Net Assets 2023: $398,3592023Assets 2024: $127,297Liabilities 2024: $38,838Net Assets 2024: $88,4592024

Highlighted filing

2022

Assets$553,372
Liabilities$80,134
Net Assets$473,238

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2010: $163,059Expenses 2010: $139,786Net Income 2010: $23,2732010Expenses 2011: $177,8222011Expenses 2012: $241,6172012Revenue 2013: $275,859Expenses 2013: $282,558Net Income 2013: -$6,6992013Revenue 2014: $279,683Expenses 2014: $333,133Net Income 2014: -$53,4502014Revenue 2015: $296,129Expenses 2015: $198,724Net Income 2015: $97,4052015Revenue 2016: $405,161Expenses 2016: $370,457Net Income 2016: $34,7042016Revenue 2017: $520,636Expenses 2017: $552,035Net Income 2017: -$31,3992017Revenue 2018: $641,957Expenses 2018: $619,977Net Income 2018: $21,9802018Revenue 2019: $847,922Expenses 2019: $734,285Net Income 2019: $113,6372019Revenue 2020: $788,268Expenses 2020: $665,529Net Income 2020: $122,7392020Revenue 2021: $430,243Expenses 2021: $727,269Net Income 2021: -$297,0262021Revenue 2022: $1,133,717Expenses 2022: $807,175Net Income 2022: $326,5422022Revenue 2023: $1,085,111Expenses 2023: $1,159,990Net Income 2023: -$74,8792023Revenue 2024: $518,257Expenses 2024: $641,550Net Income 2024: -$123,2932024

Highlighted filing

2022

Revenue$1,133,717
Expenses$807,175
Net Income$326,542
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 25, 2023
Return Version
2022v5.0
Gross Receipts
$1,133,717
Mission and Program Overview

Mission

Indie memphis is the city's leading film arts organization, focused on exhibition, education, economic development, and community enhancement. This mission is accomplished through year-round programming, grants to filmmakers, and our signature indie memphis film festival held annually in november. We connect artists and audiences with the larger world of independent film through events such as microcinema, outdoor music film series, shoot & splice workshops, and networking events.

To create community through independent film and to support the development of filmmakers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$103,768$256,963▲ $153,195
Pledges and Grants Receivable$55,000$177,750▲ $122,750
Savings and Temporary Cash Investments$127,798$100,896▼ $26,902
Accounts Receivable-$13,475-
Land, Buildings, and Equipment, Net$6,270$4,288▼ $1,982
Total Assets$292,836$553,372▲ $260,536
Liabilities
Accounts Payable and Accrued Expenses$94,145$80,134▼ $14,011
Other Liabilities$51,995--
Total Liabilities$146,140$80,134▼ $66,006
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$46,696$295,488▲ $248,792
Net Assets With Donor Restrictions$100,000$177,750▲ $77,750
Total Net Assets Fund Balance$146,696$473,238▲ $326,542
Total Liabilities and Net Assets / Fund Balance$292,836$553,372▲ $260,536

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,892$55,874$59,766
Equipment$396$1,303$1,699
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Kimel FryerExecutive DiFT$22,650$22,650

Board Members and Trustees

NameTitle
Kenn GibbsPresident
Asima FarooqDirector
Chad SchafflerDirector
Jennifer McgrathDirector
Marcy StagnerDirector
Patrick BurnettDirector
Shamichael HallmanDirector
Whitney RaabDirector
George MongerSecretary
Jeffrey HarrisTreasurer
Penelope HustonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$973,964
Program Service Revenue
$159,332
Investment Income
$421
Other Revenue
$0
All Other Contributions
$303,269
Change in Net Assets
$326,542
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$483,900
Salaries, Compensation, and Employee Benefits$323,275
Total Fundraising Expense$8,839
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$280,697$19,928-$300,625
All Other Expenses$90,231$12,953$8,839$112,023
Advertising$50,621$14,870-$65,491
Occupancy$35,477$11,813-$47,290
Other Expenses$36,379$1,654-$36,379
Current Officers, Directors, Trustees, and Key Employees$11,325$11,325-$22,650
Travel$7,341$10,138-$17,479
Fees for Services Accounting-$9,409-$9,409
Insurance-$6,628-$6,628
Office Expenses$108$2,213-$2,321
Depreciation Depletion$1,642$340-$1,982
Total Functional Expenses$688,230$110,106$8,839$807,175
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
Backup withholding compliance
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 is e-mailed to all board members by the president. The board is encouraged to review the 990 and to respond to the president with any concerns or questions within 7 days.

Form 990, Page 6, Part VI, Line 12C

The conflict of interest policy is in the organization's bylaws. Board members are required to disclose any conflicts, and such conflicts must be documented in the board minutes.

Form 990, Page 6, Part VI, Line 15A

The executive committee of the board of directors meets in december to discuss any bonus for the year just ending and any salary adjustments for the upcoming year. The committee reviews compensation data from other film festivals and other local non-profit organizations. The executive committee makes a recommendation to the board of directors at the year-end board meeting, and the board votes on those reccomendations.

Form 990, Page 6, Part VI, Line 15B

The executive committee of the board of directors meets in december to discuss any bonus for the year just ending and any salary adjustments for the upcoming year. The committee reviews compensation data from other film festivals and other local non-profit organizations. The executive committee makes a recommendation to the board of directors at the year-end board meeting, and the board votes on those reccomendations.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Indie Memphis
EIN
26-2165160
Phone
9012145171
Address
1910 MADISON AVE 632, MEMPHIS, TN 38104
Doing Business As
Indie Memphis

Signing Officer

Name
Kimel Fryer
Title
Executive Director
Phone
9012409660
Signed
2023-09-25

Organization Details

Principal Officer
Kimel Fryer
Formed
2008
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
6
Volunteers
75

Preparer

Firm
Culver Pllc
Address
7041 HIGHWAY 64, OAKLAND, TN 38060-3209
Preparer
Matt Shorter
Phone
9014669797
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

During calendar year 2022, indie memphis screened over 150 films and partnered with other regional nonprofits to promote film as a cultural amenity and to drive economic development. The 25th annual indie memphis film festival was held in october 2022.

Form 990, Part IX, Line 24E

Food & refreshments 25,783 120 0 equipment rental 24,293 0 0 technology subscriptions 7,615 11,332 0 awards and honorariums 16,490 0 0 musicians 9,448 0 0 development 0 0 8,839 telephone and internet 3,356 358 0 volunteer costs 1,690 0 0 merchandise 1,556 0 0 bank charges 0 1,143 0 total 90,231 12,953 8,839

Raw XML AppendixShowing 400 of 445 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING CALENDAR YEAR 2022, INDIE MEMPHIS SCREENED OVER 150 FILMS AND PARTNERED WITH OTHER REGIONAL NONPROFITS TO PROMOTE FILM AS A CULTURAL AMENITY AND TO DRIVE ECONOMIC DEVELOPMENT. THE 25TH ANNUAL INDIE MEMPHIS FILM FESTIVAL WAS HELD IN OCTOBER 2022.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01642
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IRS990/ReconcilationRevenueExpnssAmt0326542
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0false
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IRS990/RevenueAmt0686588
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0127798
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0100896
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt014560
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt033725
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0973964
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0692155
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0685519
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0496564
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03179571
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03892
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt055874
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt059766
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DURING CALENDAR YEAR 2022, INDIE MEMPHIS SCREENED OVER 150 FILMS AND PARTNERED WITH OTHER REGIONAL NONPROFITS TO PROMOTE FILM AS A CULTURAL AMENITY AND TO DRIVE ECONOMIC DEVELOPMENT. THE 25TH ANNUAL INDIE MEMPHIS FILM FESTIVAL WAS HELD IN OCTOBER 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS E-MAILED TO ALL BOARD MEMBERS BY THE PRESIDENT. THE BOARD IS ENCOURAGED TO REVIEW THE 990 AND TO RESPOND TO THE PRESIDENT WITH ANY CONCERNS OR QUESTIONS WITHIN 7 DAYS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS IN THE ORGANIZATION'S BYLAWS. BOARD MEMBERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS, AND SUCH CONFLICTS MUST BE DOCUMENTED IN THE BOARD MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS IN DECEMBER TO DISCUSS ANY BONUS FOR THE YEAR JUST ENDING AND ANY SALARY ADJUSTMENTS FOR THE UPCOMING YEAR. THE COMMITTEE REVIEWS COMPENSATION DATA FROM OTHER FILM FESTIVALS AND OTHER LOCAL NON-PROFIT ORGANIZATIONS. THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS AT THE YEAR-END BOARD MEETING, AND THE BOARD VOTES ON THOSE RECCOMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS MEETS IN DECEMBER TO DISCUSS ANY BONUS FOR THE YEAR JUST ENDING AND ANY SALARY ADJUSTMENTS FOR THE UPCOMING YEAR. THE COMMITTEE REVIEWS COMPENSATION DATA FROM OTHER FILM FESTIVALS AND OTHER LOCAL NON-PROFIT ORGANIZATIONS. THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS AT THE YEAR-END BOARD MEETING, AND THE BOARD VOTES ON THOSE RECCOMENDATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FOOD & REFRESHMENTS 25,783 120 0 EQUIPMENT RENTAL 24,293 0 0 TECHNOLOGY SUBSCRIPTIONS 7,615 11,332 0 AWARDS AND HONORARIUMS 16,490 0 0 MUSICIANS 9,448 0 0 DEVELOPMENT 0 0 8,839 TELEPHONE AND INTERNET 3,356 358 0 VOLUNTEER COSTS 1,690 0 0 MERCHANDISE 1,556 0 0 BANK CHARGES 0 1,143 0 TOTAL 90,231 12,953 8,839
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 24E
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0688230
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IRS990/TotalProgramServiceRevenueAmt0159332
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01133717
IRS990/TotalVolunteersCnt075
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0292836
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0553372

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.13$0.04$0.09$0.52$0.64$0.12
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.42$0.02$0.40$1.09$1.16$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.55$0.08$0.47$1.13$0.81$0.33
2021Detailed filing. Detailed filing data is available for this year.$0.29$0.15$0.15$0.43$0.73$0.30
2020Detailed filing. Detailed filing data is available for this year.$0.50$0.05$0.44$0.79$0.67$0.12
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.33$0.01$0.32$0.85$0.73$0.11
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.26$0.05$0.21$0.64$0.62$0.02
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.08$0.15$0.52$0.55$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.23$0.05$0.18$0.41$0.37$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.18$0.04$0.15$0.30$0.20$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.12$0.07$0.05$0.28$0.33$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.11$0.00$0.10$0.28$0.28$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.13$0.02$0.11$0.24
2011XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.02$0.06$0.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.03$0.16$0.14$0.02