Civic Intelligence

Generous Life Foundation Aka Memphis Dream Center

990 • Fiscal year 2020 • EIN 31-1685087

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 11, 2021

Organization ProfileWWW.MEMPHISDREAMCENTER.COM
1800 N Germantown PkwyCordova, TN 38016

(901) 751-0095

Siviq Scores

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

Liabilities / Assets

50th percentile

0.04x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

39th percentile

0.02x

Higher debt load relative to revenue than 39% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

67th percentile

17%

Higher net margin than 67% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

91st percentile

112%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

127%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$197,994

Up $104,552 (+112%) from 2019

Net Assets

Up

$189,233

Up $98,732 (+109%) from 2019

Liabilities

Up

$8,761

Up $5,820 (+198%) from 2019

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin67th percentile

Revenue

Up

$525,893

Up $294,724 (+127%) from 2019

Expenses

Up

$437,871

Up $216,591 (+98%) from 2019

Net Income

Up

$88,022

Up $78,133 (+790%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$400K$300K$200K$100K$0Assets 2014: $4,567Liabilities 2014: $0Net Assets 2014: $4,5672014Assets 2015: $33,600Liabilities 2015: $0Net Assets 2015: $33,6002015Assets 2016: $14,091Liabilities 2016: $0Net Assets 2016: $14,0912016Assets 2017: $171,173Liabilities 2017: $0Net Assets 2017: $171,1732017Assets 2018: $80,612Liabilities 2018: $0Net Assets 2018: $80,6122018Assets 2019: $93,442Liabilities 2019: $2,941Net Assets 2019: $90,5012019Assets 2020: $197,994Liabilities 2020: $8,761Net Assets 2020: $189,2332020Assets 2021: $144,119Liabilities 2021: $6,457Net Assets 2021: $137,6622021Assets 2022: $202,994Liabilities 2022: $29,040Net Assets 2022: $173,9542022Assets 2023: $335,325Liabilities 2023: $42,228Net Assets 2023: $293,0972023Assets 2024: $320,093Liabilities 2024: $15,341Net Assets 2024: $304,7522024

Highlighted filing

2020

Assets$197,994
Liabilities$8,761
Net Assets$189,233
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2014: $190,591Expenses 2014: $191,225Net Income 2014: -$6342014Revenue 2015: $191,306Expenses 2015: $162,273Net Income 2015: $29,0332015Revenue 2016: $150,839Expenses 2016: $170,348Net Income 2016: -$19,5092016Revenue 2017: $313,488Expenses 2017: $156,406Net Income 2017: $157,0822017Revenue 2018: $71,298Expenses 2018: $161,859Net Income 2018: -$90,5612018Revenue 2019: $231,169Expenses 2019: $221,280Net Income 2019: $9,8892019Revenue 2020: $525,893Expenses 2020: $437,871Net Income 2020: $88,0222020Revenue 2021: $528,001Expenses 2021: $579,572Net Income 2021: -$51,5712021Revenue 2022: $865,409Expenses 2022: $860,932Net Income 2022: $4,4772022Revenue 2023: $1,135,088Expenses 2023: $1,015,945Net Income 2023: $119,1432023Revenue 2024: $992,667Expenses 2024: $981,012Net Income 2024: $11,6552024

Highlighted filing

2020

Revenue$525,893
Expenses$437,871
Net Income$88,022
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 11, 2021
Return Version
2020v4.1
Gross Receipts
$525,893
Mission and Program Overview

Mission

To impact the city of memphis (and other urban areas) with effective community service and to provide relief and education to the poor, distressed and underprivileged.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$83,960$171,638▲ $87,678
Pledges and Grants Receivable$106$19,457▲ $19,351
Land, Buildings, and Equipment, Net$9,376$6,899▼ $2,477
Total Assets$93,442$197,994▲ $104,552
Liabilities
Accounts Payable and Accrued Expenses-$8,761-
Other Liabilities$2,941$0▼ $2,941
Total Liabilities$2,941$8,761▲ $5,820
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,613$152,065▲ $62,452
Net Assets With Donor Restrictions$888$37,168▲ $36,280
Total Net Assets Fund Balance$90,501$189,233▲ $98,732
Total Liabilities and Net Assets / Fund Balance$93,442$197,994▲ $104,552

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,899$6,685$13,584
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Reymundo MenesesPresident
Danny ParkerBoard Member
Twyjuana Kendall-jonesSecretary
Travis MoodyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$525,828
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$65
All Other Contributions
$480,982
Change in Net Assets
$88,022

Audited Revenue Reconciliation

Revenue per Audited Statements
$525,893
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$309,911
Total Revenue per Audited Statements
$835,804
Total Revenue per Form 990
$525,893
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$238,425
Salaries, Compensation, and Employee Benefits$198,906
Total Fundraising Expense$1,308
Professional Fundraising Fees$540
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$166,660$21,580-$188,240
All Other Expenses$17,463$9,897$768$28,128
Fees for Services Accounting-$11,931-$11,931
Payroll Taxes$9,015$1,651-$10,666
Other Expenses$7,438$745-$7,438
Information Technology$4,180$2,279-$6,459
Insurance-$6,459-$6,459
Travel$68$2,877-$2,945
Depreciation Depletion-$2,477-$2,477
Office Expenses$697$251-$948
Fees for Services Professional Fundraising--$540$540
Conferences and Meetings$102$266-$368
Total Functional Expenses$317,590$118,973$1,308$437,871

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$727,498
Total Expenses per Form 990$437,871
Expenses per Audited Statements$428,445
Expenses Not Reported on Form 990$299,053
Expenses Not Reported on Financial Statements$9,426
Other Expense Adjustments$9,426
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$540
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
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
No
Other officer compensation reviewed
No
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, Part VI, Section A, Line 8A

“Meetings held or written actions undertaken by the governing body will be documented in the near future.”

Form 990, Part VI, Section A, Line 8B

“Meetings held or written actions undertaken by each committee with authority to act on behalf of the governing body will be documented in the near future.”

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

“The 990 is reviewed by reymundo meneses, chairman of the board.”

Form 990, Part VI, Section C, Line 19

“They are available upon request.”

Filing and Contact Details

Filer

Filer Name
Generous Life Foundation
EIN
31-1685087
Phone
9017510095
Address
1800 N GERMANTOWN PKWY, CORDOVA, TN 38016

Signing Officer

Name
Reymundo Meneses
Title
President
Phone
9017510095
Signed
2021-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Reymundo Meneses
Formed
1998
Legal Domicile
Tn
Voting Board Members
4
Independent Board Members
4
Employees
2
Volunteers
1,991

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“2020 accrual to cash adjustments 10,710.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Accrual to cash adjustment 10,858.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Accrual to cash adjustment 9,426.”

Raw XML Appendix390 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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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0299053
IRS990ScheduleD/DonatedServicesUseFcltsAmt0299053
IRS990ScheduleD/ExpensesNotReportedAmt0299053
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt09426
IRS990ScheduleD/ExpensesSubtotalAmt0428445
IRS990ScheduleD/OtherExpensesNotIncludedAmt09426
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06899
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt06685
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013584
IRS990ScheduleD/OtherRevenueAmt010858
IRS990ScheduleD/RevenueNotReportedAmt0309911
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0525893
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCRUAL TO CASH ADJUSTMENT 10,858.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ACCRUAL TO CASH ADJUSTMENT 9,426.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06899
IRS990ScheduleD/TotalExpensesPerForm990Amt0437871
IRS990ScheduleD/TotalRevenuePerForm990Amt0525893
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0835804
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0727498
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN BY THE GOVERNING BODY WILL BE DOCUMENTED IN THE NEAR FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN BY EACH COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY WILL BE DOCUMENTED IN THE NEAR FUTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 IS REVIEWED BY REYMUNDO MENESES, CHAIRMAN OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THEY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt42020 ACCRUAL TO CASH ADJUSTMENTS 10,710.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt093442
IRS990/TotalAssetsEOYAmt0197994
IRS990/TotalAssetsGrp/BOYAmt093442
IRS990/TotalAssetsGrp/EOYAmt0197994
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0525828
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01308
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0118973
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0317590
IRS990/TotalFunctionalExpensesGrp/TotalAmt0437871
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02941
IRS990/TotalLiabilitiesEOYAmt08761
IRS990/TotalLiabilitiesGrp/BOYAmt02941
IRS990/TotalLiabilitiesGrp/EOYAmt08761
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt090501
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0189233
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0202201
IRS990/TotalOtherProgSrvcRevenueAmt065
IRS990/TotalProgramServiceExpensesAmt0317590
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0525893
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01991
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt093442
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0197994
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02877
IRS990/TravelGrp/ProgramServicesAmt068
IRS990/TravelGrp/TotalAmt02945
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01800 N GERMANTOWN PKWY
IRS990/USAddress/CityNm0CORDOVA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038016
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.MEMPHISDREAMCENTER.COM
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0REYMUNDO MENESES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09017510095
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GENEROUS LIFE FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0AKA MEMPHIS DREAM CENTER
ReturnHeader/Filer/BusinessNameControlTxt0GENE
ReturnHeader/Filer/EIN0311685087
ReturnHeader/Filer/PhoneNum09017510095
ReturnHeader/Filer/USAddress/AddressLine1Txt01800 N GERMANTOWN PKWY
ReturnHeader/Filer/USAddress/CityNm0CORDOVA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038016
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621657946
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CANNON WRIGHT BLOUNT PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0756 RIDGE LAKE BLVD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016857500
ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHANIE L LIVINGSTON CPA
ReturnHeader/ReturnTs02021-11-11T15:48:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0REYMUNDO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MENESES
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$197,994
Liabilities
$8,761
Net assets
$189,233
Revenue
$525,893
Expenses
$437,871
Net income
$88,022
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.32$0.02$0.30$0.99$0.98$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.34$0.04$0.29$1.14$1.02$0.12
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.20$0.03$0.17$0.87$0.86$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.14$0.01$0.14$0.53$0.58$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.01$0.19$0.53$0.44$0.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.00$0.09$0.23$0.22$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.08$0.00$0.08$0.07$0.16$0.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.00$0.17$0.31$0.16$0.16
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.01$0.00$0.01$0.15$0.17$0.02
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.03$0.00$0.03$0.19$0.16$0.03
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.19$0.19$0.00