Civic Intelligence

Wings Over Memphis Inc.

990 • Fiscal year 2023 • EIN 47-4689596

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 30, 2024

213 N Mclean BoulevardMemphis, TN 38112

(901) 949-2596

Siviq Scores

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

Liabilities / Assets

99th percentile

14.84x

Higher debt load relative to assets than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

6.86x

Higher debt load relative to revenue than 99% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

77th percentile

24%

Higher net margin than 77% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

80th percentile

$4,155

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 47.8% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

90th percentile

82%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

238%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Up

$4,016

Up $1,808 (+82%) from 2022

Net Assets

Up

-$55,594

Up $2,098 (+3.6%) from 2022

Liabilities

Down

$59,610

Down $290 (-0.5%) from 2022

Revenue

Up

$8,684

Up $6,114 (+238%) from 2022

Expenses

Up

$6,586

Up $5,091 (+341%) from 2022

Net Income

Up

$2,098

Up $1,023 (+95%) from 2022

Historical Trend

Balance Sheet Trend

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

$100K$50K$0-$50K-$100KAssets 2016: $65,337Liabilities 2016: $0Net Assets 2016: $65,3372016Assets 2017: $23,402Liabilities 2017: $0Net Assets 2017: $23,4022017Assets 2018: $46,547Liabilities 2018: $7,907Net Assets 2018: $38,6402018Assets 2019: $8,699Liabilities 2019: $0Net Assets 2019: $8,6992019Assets 2021: $1,133Liabilities 2021: $59,900Net Assets 2021: -$58,7672021Assets 2022: $2,208Liabilities 2022: $59,900Net Assets 2022: -$57,6922022Assets 2023: $4,016Liabilities 2023: $59,610Net Assets 2023: -$55,5942023Assets 2024: $8,119Liabilities 2024: $58,554Net Assets 2024: -$50,4352024

Highlighted filing

2023

Assets$4,016
Liabilities$59,610
Net Assets-$55,594

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2016: $236,956Expenses 2016: $171,619Net Income 2016: $65,3372016Revenue 2017: $116,641Expenses 2017: $158,576Net Income 2017: -$41,9352017Revenue 2018: $191,971Expenses 2018: $199,877Net Income 2018: -$7,9062018Revenue 2019: $151,789Expenses 2019: $186,586Net Income 2019: -$34,7972019Revenue 2021: -$10,609Expenses 2021: $33,209Net Income 2021: -$43,8182021Revenue 2022: $2,570Expenses 2022: $1,495Net Income 2022: $1,0752022Revenue 2023: $8,684Expenses 2023: $6,586Net Income 2023: $2,0982023Revenue 2024: $18,656Expenses 2024: $13,497Net Income 2024: $5,1592024

Highlighted filing

2023

Revenue$8,684
Expenses$6,586
Net Income$2,098
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 30, 2024
Return Version
2023v5.0
Gross Receipts
$15,411
Mission and Program Overview

Mission

This organization is organized exclusively for charitable purposes. It is our mission to raise funds and make distributions to organizations that qualify as 501(c)(3) organizations and that work as charities for our local area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,746$3,908▲ $2,162
Other Notes and Loans Receivable, Net$282--
Land, Buildings, and Equipment, Net$180$108▼ $72
Total Assets$2,208$4,016▲ $1,808
Liabilities
Other Liabilities$59,900$59,610▼ $290
Total Liabilities$59,900$59,610▼ $290
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-57,692$-55,594▲ $2,098
Total Net Assets Fund Balance$-57,692$-55,594▲ $2,098
Total Liabilities and Net Assets / Fund Balance$2,208$4,016▲ $1,808

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$108$4,292$4,400
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Paul J GaglianoPresidentPT$4,155$4,155

Board Members and Trustees

NameTitle
Anir PatelDirector
Brent ClaytonDirector
Chris SumnerDirector
Gibby ThomasDirector
Wayne LohmanDirector
Joseph P HaganSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$11,980
Program Service Revenue
$0
Investment Income
$2
Other Revenue
$-3,298
All Other Contributions
$1,675
Change in Net Assets
$2,098
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,155
Other Expenses$2,431
Total Fundraising Expense$1,111
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$2,077$1,039$1,039$4,155
Fees for Services Accounting-$1,725-$1,725
Interest$634--$634
Depreciation Depletion--$72$72
Total Functional Expenses$2,711$2,764$1,111$6,586
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$6,727
Fundraising Gross Income$3,429
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
Eidl Loan$59,610
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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 governing review board received a copy of the year-end financial statements and a draft copy of the form 990. The president reviewed the financial statements and 990 with the board, and any questions asked were answered. The board then approved the 990, and the president signed the written release for the electronic filing of the 990 with the irs.

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

Paul j gagliano is the president of this charity. He receives compensation because, with the help of the board of directors, he puts in the hours to actually run the fundraising activity that provides funds for this charity to complete its purpose each year.

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

The board must approve the the continuation of or change to paul j gagliano's compensation by a vote from which mr gagliano must recuse himself.

Form 990, Page 6, Part VI, Line 19

In order to review the governing documents, one must present a written request with appropriate contact information to the following address: wings over memphis inc. P.o. Box 40403 memphis, tn 38174 the person/group will be contacted to schedule an appointment to review the governing documents.

Filing and Contact Details

Filer

Filer Name
Wings Over Memphis Inc
EIN
47-4689596
Phone
9019492596
Address
213 N MCLEAN BOULEVARD, MEMPHIS, TN 38112

Signing Officer

Name
Paul J Gagliano
Title
President
Phone
9019492596
Signed
2024-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul J Gagliano
Formed
2016
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Scott & Pohlman Pc
Address
5100 POPLAR AVENUE SUITE 617, MEMPHIS, TN 38137-0601
Preparer
Steven D Hamilton
Phone
9017614692
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

This organization is organized exclusively for charitable purposes. It is our mission to raise funds and make distributions to organizations that qualify as 501(c)(3) organizations and that work as charities for our local area.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THIS ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE PURPOSES. IT IS OUR MISSION TO RAISE FUNDS AND MAKE DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS 501(C)(3) ORGANIZATIONS AND THAT WORK AS CHARITIES FOR OUR LOCAL AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING REVIEW BOARD RECEIVED A COPY OF THE YEAR-END FINANCIAL STATEMENTS AND A DRAFT COPY OF THE FORM 990. THE PRESIDENT REVIEWED THE FINANCIAL STATEMENTS AND 990 WITH THE BOARD, AND ANY QUESTIONS ASKED WERE ANSWERED. THE BOARD THEN APPROVED THE 990, AND THE PRESIDENT SIGNED THE WRITTEN RELEASE FOR THE ELECTRONIC FILING OF THE 990 WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PAUL J GAGLIANO IS THE PRESIDENT OF THIS CHARITY. HE RECEIVES COMPENSATION BECAUSE, WITH THE HELP OF THE BOARD OF DIRECTORS, HE PUTS IN THE HOURS TO ACTUALLY RUN THE FUNDRAISING ACTIVITY THAT PROVIDES FUNDS FOR THIS CHARITY TO COMPLETE ITS PURPOSE EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MUST APPROVE THE THE CONTINUATION OF OR CHANGE TO PAUL J GAGLIANO'S COMPENSATION BY A VOTE FROM WHICH MR GAGLIANO MUST RECUSE HIMSELF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN ORDER TO REVIEW THE GOVERNING DOCUMENTS, ONE MUST PRESENT A WRITTEN REQUEST WITH APPROPRIATE CONTACT INFORMATION TO THE FOLLOWING ADDRESS: WINGS OVER MEMPHIS INC. P.O. BOX 40403 MEMPHIS, TN 38174 THE PERSON/GROUP WILL BE CONTACTED TO SCHEDULE AN APPOINTMENT TO REVIEW THE GOVERNING DOCUMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02208
IRS990/TotalAssetsEOYAmt04016
IRS990/TotalAssetsGrp/BOYAmt02208
IRS990/TotalAssetsGrp/EOYAmt04016
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt011980
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01111
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02764
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02711
IRS990/TotalFunctionalExpensesGrp/TotalAmt06586
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt059900
IRS990/TotalLiabilitiesEOYAmt059610
IRS990/TotalLiabilitiesGrp/BOYAmt059900
IRS990/TotalLiabilitiesGrp/EOYAmt059610
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-57692
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-55594
IRS990/TotalProgramServiceExpensesAmt02711
IRS990/TotalReportableCompFromOrgAmt04155
IRS990/TotalRevenueGrp/ExclusionAmt0-3296
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08684
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02208
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04016
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01896 PEABODY AVENUE STE 8
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038104
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.WORLDWINGFEST.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAUL J GAGLIANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09019492596
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-07-30
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WINGS OVER MEMPHIS INC
ReturnHeader/Filer/BusinessNameControlTxt0WING
ReturnHeader/Filer/EIN0474689596
ReturnHeader/Filer/PhoneNum09019492596
ReturnHeader/Filer/USAddress/AddressLine1Txt0213 N MCLEAN BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038112
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621518664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCOTT & POHLMAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 POPLAR AVENUE SUITE 617
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381370601
ReturnHeader/PreparerPersonGrp/PhoneNum09017614692
ReturnHeader/PreparerPersonGrp/PreparationDt02024-07-30
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEVEN D HAMILTON
ReturnHeader/ReturnTs02024-08-15T16:15:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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