Civic Intelligence

Memphis Goodwill Inc.

990 • Fiscal year 2023 • EIN 26-3445007

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 29, 2024

6899 Stage RdMemphis, TN 38133

(901) 323-6221

Siviq Scores

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

Liabilities / Assets

88th percentile

0.87x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

73rd percentile

1.00x

Higher debt load relative to revenue than 73% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

31st percentile

-2.3%

Higher net margin than 31% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

58th percentile

$405,933

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

17th percentile

-2.6%

Faster asset growth than 17% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

67th percentile

12%

Faster revenue growth than 67% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Down

$54,175,429

Down $1,463,698 (-2.6%) from 2022

Net Assets

Down

$6,773,988

Down $390,362 (-5.4%) from 2022

Liabilities

Down

$47,401,441

Down $1,073,336 (-2.2%) from 2022

Revenue

Up

$47,631,419

Up $5,172,943 (+12%) from 2022

Expenses

Up

$48,703,765

Up $7,044,842 (+17%) from 2022

Net Income

Down

-$1,072,346

Down $1,871,899 (-234%) from 2022

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $5,689,752Liabilities 2010: $4,067,546Net Assets 2010: $1,622,2062010Assets 2011: $10,455,217Liabilities 2011: $7,979,718Net Assets 2011: $2,475,4992011Assets 2012: $11,494,761Liabilities 2012: $7,910,206Net Assets 2012: $3,584,5552012Assets 2013: $12,509,604Liabilities 2013: $7,403,146Net Assets 2013: $5,106,4582013Assets 2014: $17,422,132Liabilities 2014: $12,157,023Net Assets 2014: $5,265,1092014Assets 2015: $19,907,230Liabilities 2015: $15,431,175Net Assets 2015: $4,476,0552015Assets 2016: $18,300,723Liabilities 2016: $14,378,812Net Assets 2016: $3,921,9112016Assets 2017: $15,979,953Liabilities 2017: $13,537,040Net Assets 2017: $2,442,9132017Assets 2018: $16,279,685Liabilities 2018: $13,093,453Net Assets 2018: $3,186,2322018Assets 2019: $15,871,222Liabilities 2019: $12,164,377Net Assets 2019: $3,706,8452019Assets 2020: $14,405,743Liabilities 2020: $10,341,773Net Assets 2020: $4,063,9702020Assets 2021: $14,007,332Liabilities 2021: $8,142,539Net Assets 2021: $5,864,7932021Assets 2022: $55,639,127Liabilities 2022: $48,474,777Net Assets 2022: $7,164,3502022Assets 2023: $54,175,429Liabilities 2023: $47,401,441Net Assets 2023: $6,773,9882023Assets 2024: $51,485,663Liabilities 2024: $43,690,566Net Assets 2024: $7,795,0972024

Highlighted filing

2023

Assets$54,175,429
Liabilities$47,401,441
Net Assets$6,773,988

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $16,531,9122010Expenses 2011: $19,968,5862011Expenses 2012: $24,524,6102012Revenue 2013: $28,082,652Expenses 2013: $27,060,753Net Income 2013: $1,021,8992013Revenue 2014: $26,728,224Expenses 2014: $27,069,577Net Income 2014: -$341,3532014Revenue 2015: $41,496,698Expenses 2015: $42,785,756Net Income 2015: -$1,289,0582015Revenue 2016: $42,277,435Expenses 2016: $43,331,583Net Income 2016: -$1,054,1482016Revenue 2017: $42,696,800Expenses 2017: $43,059,539Net Income 2017: -$362,7392017Revenue 2018: $42,979,029Expenses 2018: $42,735,714Net Income 2018: $243,3152018Revenue 2019: $46,080,209Expenses 2019: $46,059,600Net Income 2019: $20,6092019Revenue 2020: $39,184,188Expenses 2020: $39,327,067Net Income 2020: -$142,8792020Revenue 2021: $45,591,658Expenses 2021: $44,290,839Net Income 2021: $1,300,8192021Revenue 2022: $42,458,476Expenses 2022: $41,658,923Net Income 2022: $799,5532022Revenue 2023: $47,631,419Expenses 2023: $48,703,765Net Income 2023: -$1,072,3462023Revenue 2024: $51,133,905Expenses 2024: $50,983,597Net Income 2024: $150,3082024

Highlighted filing

2023

Revenue$47,631,419
Expenses$48,703,765
Net Income-$1,072,346
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 29, 2024
Return Version
2023v5.1
Gross Receipts
$48,590,339
Mission and Program Overview

Mission

To change the lives of people with disabilities and other barriers to employment through the power of work, education, and empowerment.

Collection and resale of donated goods to the public

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,123,971$8,817,297▲ $1,693,326
Cash and Non-Interest-Bearing Accounts$4,543,128$3,752,883▼ $790,245
Inventories for Sale or Use$2,015,821$1,860,857▼ $154,964
Intangible Assets$1,702,085$1,702,085→ $0
Accounts Receivable$113,393$189,557▲ $76,164
Prepaid Expenses and Deferred Charges$52,029$31,233▼ $20,796
Total Assets$55,639,127$54,175,429▼ $1,463,698
Other Assets Total$40,088,700$37,821,517▼ $2,267,183
Liabilities
Other Liabilities$40,338,139$38,294,716▼ $2,043,423
Mortgage Notes Payable Secured by Investment Property$6,342,035$7,343,048▲ $1,001,013
Accounts Payable and Accrued Expenses$1,794,603$1,763,677▼ $30,926
Total Liabilities$48,474,777$47,401,441▼ $1,073,336
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,164,350$6,773,988▼ $390,362
Total Net Assets Fund Balance$7,164,350$6,773,988▼ $390,362
Total Liabilities and Net Assets / Fund Balance$55,639,127$54,175,429▼ $1,463,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,781,134$3,095,025$7,876,159
Leasehold Improvements$1,991,180$2,100,505$4,091,685
Equipment$1,057,936$2,548,785$3,606,721
Land$987,047-$987,047
Other Assets Org$291,644--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Tony MartiniPresident/CEOFT$391,889$14,044$405,933
Tina L BlackmonSr VP of OperationsFT$232,898$9,116$242,014
Ursula RomanVP of MarketingFT$106,176$7,164$113,340

Board Members and Trustees

NameTitle
Brian WilliamsChairman
Amy WeirichBoard Member
Andy McclellandBoard Member
Brandon TolbertBoard Member
Brian MilesBoard Member
Chad HarrellBoard Member
Charles BarnesBoard Member
Deacon Bill DavisBoard Member
Macky SneedBoard Member
Michael RobilioBoard Member
Terry LandwehrBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Ryder Integrated LogisticsTransportation Of Goods4121 DELP ST 1895, Memphis, IN 38118$2,466,457
United Healthcare Insurance CompanyInsurance9113 CINDERHILL COVE W, Cordova, TN 38016$1,091,466
Cs&l CpasAccounting Services1001 3RD AVENUE STE 700, Bradenton, FL 34205$1,072,302
Chris Woods Construction CoConstruction8068 US-70, Memphis, TN 38133$733,771
Waste ManagementTrash Removal3750 HATCHER CIR, Memphis, TN 38118$567,881
Revenue and Support

Revenue Composition

Contributions and Grants
$17,385,386
Program Service Revenue
$30,304,953
Investment Income
$-58,920
Other Revenue
$0
All Other Contributions
$17,385,386
Change in Net Assets
$-1,072,346

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeReported AmountValuation Method
Clothing and Household Goods$17,377,316Fair Market Value
Total Noncash Contributions$17,377,316-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,181,183
Salaries, Compensation, and Employee Benefits$15,522,582
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$11,454,688$1,622,810-$13,077,498
Occupancy$6,340,933$88,407-$6,429,340
Fees for Services Other$2,971,746$1,699,029-$4,670,775
Office Expenses$923,142$218,612-$1,141,754
Other Employee Benefits$870,881$190,599-$1,061,480
Payroll Taxes$876,158$115,557-$991,715
Depreciation Depletion$743,478$37,950-$781,428
Insurance$497,817$63,370-$561,187
Current Officers, Directors, Trustees, and Key Employees$352,700$39,189-$391,889
Interest$332,981$37,378-$370,359
Travel$213,540$101,193-$314,733
All Other Expenses$204,984$77,446-$282,430
Payments to Affiliates-$197,150-$197,150
Advertising$32,074$149,553-$181,627
Other Expenses$118,851$17,188-$118,851
Fees for Services Management-$24,200-$24,200
Total Functional Expenses$43,994,858$4,708,907$0$48,703,765
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Leases$38,294,716
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
No
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

REVIEW AT BOARD MEETING

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

Disclosed at board meetings

Form 990, Part VI, Section B, Line 15A

Reviewed by the board of directors

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Memphis Goodwill Inc
EIN
26-3445007
Phone
9013236221
Address
6899 STAGE RD, MEMPHIS, TN 38133

Signing Officer

Name
Michael Martini
Title
CEO
Phone
9013236221
Signed
2024-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Martini
Formed
2008
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
11
Employees
1,235
Volunteers
0

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Leslie D Williams
Phone
9017612720
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Elminated intercompany activity 681,984.

Raw XML AppendixShowing 400 of 634 raw XML fields

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IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12SR VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF MARKETING
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IRS990/FormationYr02008
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IRS990/InterestGrp/ProgramServicesAmt0332981
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IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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IRS990/MembersOrStockholdersInd00
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CHANGE THE LIVES OF PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO EMPLOYMENT THROUGH THE POWER OF WORK, EDUCATION, AND EMPOWERMENT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06342035
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07343048
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IRS990/NetAssetsOrFundBalancesEOYAmt06773988
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-58920
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IRS990/NetUnrelatedBusTxblIncmAmt00
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ProgramServicesAmt06340933
IRS990/OccupancyGrp/TotalAmt06429340
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0218612
IRS990/OfficeExpensesGrp/ProgramServicesAmt0923142
IRS990/OfficeExpensesGrp/TotalAmt01141754
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt040088700
IRS990/OtherAssetsTotalGrp/EOYAmt037821517
IRS990/OtherChangesInNetAssetsAmt0681984
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0190599
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0870881
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01061480
IRS990/OtherExpensesGrp/Desc0DONATED GOODS SOLD
IRS990/OtherExpensesGrp/Desc1BANK FEES
IRS990/OtherExpensesGrp/Desc2EQUIPMENT EXPENSE
IRS990/OtherExpensesGrp/Desc3WEBSITE FEE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029276
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117188
IRS990/OtherExpensesGrp/ProgramServicesAmt017511568
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IRS990/OtherExpensesGrp/TotalAmt1452586
IRS990/OtherExpensesGrp/TotalAmt2143195
IRS990/OtherExpensesGrp/TotalAmt3118851
IRS990/OtherLiabilitiesGrp/BOYAmt040338139
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IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt0197150
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IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0115557
IRS990/PayrollTaxesGrp/ProgramServicesAmt0876158
IRS990/PayrollTaxesGrp/TotalAmt0991715
IRS990/PoliticalCampaignActyInd00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt031233
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IRS990/ProfessionalFundraisingInd00
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IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
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IRS990/ProgramServiceRevenueGrp/Desc2MISC INCOME
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2372374
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3269208
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11190423
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3269208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt4102952
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
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IRS990/RelatedEntityInd01
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IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt08070
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0793210
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt03178238
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0567995
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt047564429
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt042462046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt044810914
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt036393046
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt045512214
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0216742649
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
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IRS990ScheduleA/PublicSupportTotal509Amt0221331582
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt047572499
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt042503466
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt045604124
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt039571284
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt046080209

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$51.5$43.7$7.80$51.1$51.0$0.15
2023Detailed filing. Detailed filing data is available for this year.$54.2$47.4$6.77$47.6$48.7$1.07
2022Detailed filing. Detailed filing data is available for this year.$55.6$48.5$7.16$42.5$41.7$0.80
2021Detailed filing. Detailed filing data is available for this year.$14.0$8.14$5.86$45.6$44.3$1.30
2020Detailed filing. Detailed filing data is available for this year.$14.4$10.3$4.06$39.2$39.3$0.14
2019Detailed filing. Detailed filing data is available for this year.$15.9$12.2$3.71$46.1$46.1$0.02
2018Detailed filing. Detailed filing data is available for this year.$16.3$13.1$3.19$43.0$42.7$0.24
2017Detailed filing. Detailed filing data is available for this year.$16.0$13.5$2.44$42.7$43.1$0.36
2016Detailed filing. Detailed filing data is available for this year.$18.3$14.4$3.92$42.3$43.3$1.05
2015Detailed filing. Detailed filing data is available for this year.$19.9$15.4$4.48$41.5$42.8$1.29
2014Detailed filing. Detailed filing data is available for this year.$17.4$12.2$5.27$26.7$27.1$0.34
2013Detailed filing. Detailed filing data is available for this year.$12.5$7.40$5.11$28.1$27.1$1.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$7.91$3.58$24.5
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.5$7.98$2.48$20.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.69$4.07$1.62$16.5