Civic Intelligence

Women'S Foundation for a Greater Memphis

EIN 58-2207247 • 501(c)3 • Memphis, TN

Profile

To encourage philanthropy and foster leadership among women and support programs that enable women and children to reach their full potential.

40 South Main Street 2280Memphis, TN 38103

www.wfgm.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.16x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.42x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

61st percentile

9.8%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

75th percentile

$206,562

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

46th percentile

2.9%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

30th percentile

-2.7%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,294,110

Up $259,129 (+2.9%) from 2023

Liabilities

Down

$1,497,105

Down $216,571 (-13%) from 2023

Net Assets

Up

$7,797,005

Up $475,700 (+6.5%) from 2023

Revenue

Down

$3,548,222

Down $100,224 (-2.7%) from 2023

Expenses

Down

$3,201,725

Down $210,902 (-6.2%) from 2023

Net Income

Up

$346,497

Up $110,678 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2010: $3,936,701Liabilities 2010: $109,069Net Assets 2010: $3,827,6322010Assets 2011: $3,279,020Liabilities 2011: $88,218Net Assets 2011: $3,190,8022011Assets 2012: $3,885,404Liabilities 2012: $192,038Net Assets 2012: $3,693,3662012Assets 2013: $3,327,189Liabilities 2013: $93,208Net Assets 2013: $3,233,9812013Assets 2014: $3,787,208Liabilities 2014: $140,424Net Assets 2014: $3,646,7842014Assets 2015: $3,824,218Liabilities 2015: $113,883Net Assets 2015: $3,710,3352015Assets 2016: $5,098,372Liabilities 2016: $305,826Net Assets 2016: $4,792,5462016Assets 2017: $4,533,981Liabilities 2017: $466,049Net Assets 2017: $4,067,9322017Assets 2018: $4,488,285Liabilities 2018: $499,311Net Assets 2018: $3,988,9742018Assets 2019: $4,858,025Liabilities 2019: $588,513Net Assets 2019: $4,269,5122019Assets 2020: $4,961,025Liabilities 2020: $893,248Net Assets 2020: $4,067,7772020Assets 2021: $6,695,356Liabilities 2021: $1,153,192Net Assets 2021: $5,542,1642021Assets 2022: $8,382,240Liabilities 2022: $1,425,522Net Assets 2022: $6,956,7182022Assets 2023: $9,034,981Liabilities 2023: $1,713,676Net Assets 2023: $7,321,3052023Assets 2024: $9,294,110Liabilities 2024: $1,497,105Net Assets 2024: $7,797,0052024

Highlighted filing

2024

Assets$9,294,110
Liabilities$1,497,105
Net Assets$7,797,005

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,540,8592010Revenue 2011: $1,822,671Expenses 2011: $2,565,404Net Income 2011: -$742,7332011Expenses 2012: $2,137,2102012Expenses 2013: $1,785,0552013Revenue 2014: $1,985,231Expenses 2014: $1,624,042Net Income 2014: $361,1892014Revenue 2015: $1,731,309Expenses 2015: $1,588,981Net Income 2015: $142,3282015Revenue 2016: $3,374,686Expenses 2016: $2,223,373Net Income 2016: $1,151,3132016Revenue 2017: $1,228,705Expenses 2017: $2,038,760Net Income 2017: -$810,0552017Revenue 2018: $2,376,278Expenses 2018: $2,440,199Net Income 2018: -$63,9212018Revenue 2019: $2,440,294Expenses 2019: $2,154,229Net Income 2019: $286,0652019Revenue 2020: $1,912,794Expenses 2020: $2,095,065Net Income 2020: -$182,2712020Revenue 2021: $3,630,861Expenses 2021: $2,399,132Net Income 2021: $1,231,7292021Revenue 2022: $4,791,377Expenses 2022: $2,956,621Net Income 2022: $1,834,7562022Revenue 2023: $3,648,446Expenses 2023: $3,412,627Net Income 2023: $235,8192023Revenue 2024: $3,548,222Expenses 2024: $3,201,725Net Income 2024: $346,4972024

Highlighted filing

2024

Revenue$3,548,222
Expenses$3,201,725
Net Income$346,497

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.29$1.50$7.80$3.55$3.20$0.35
2023Summary only. Only limited summary data is available for this year.$9.03$1.71$7.32$3.65$3.41$0.24
2022Summary only. Only limited summary data is available for this year.$8.38$1.43$6.96$4.79$2.96$1.83
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.70$1.15$5.54$3.63$2.40$1.23
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.96$0.89$4.07$1.91$2.10$0.18
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.86$0.59$4.27$2.44$2.15$0.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.49$0.50$3.99$2.38$2.44$0.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.53$0.47$4.07$1.23$2.04$0.81
2016Detailed filing. Detailed filing data is available for this year.$5.10$0.31$4.79$3.37$2.22$1.15
2015Detailed filing. Detailed filing data is available for this year.$3.82$0.11$3.71$1.73$1.59$0.14
2014Detailed filing. Detailed filing data is available for this year.$3.79$0.14$3.65$1.99$1.62$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.33$0.09$3.23$1.79
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$0.19$3.69$2.14
2011Summary only. Only limited summary data is available for this year.$3.28$0.09$3.19$1.82$2.57$0.74
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.94$0.11$3.83$2.54
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 14, 2025
Return Version
2023v6.0
Gross Receipts
$3,860,856
Mission and Program Overview

Mission

To encourage philanthropy and foster leadership among women and support programs that enable women and children to reach their full potential.

To support and promote women's programs and leadership

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,503,830$5,712,144▲ $208,314
Investments in Publicly Traded Securities$1,762,252$1,971,873▲ $209,621
Pledges and Grants Receivable$1,217,394$1,204,901▼ $12,493
Accounts Receivable$89,100$46,050▼ $43,050
Land, Buildings, and Equipment, Net$30,346$23,756▼ $6,590
Prepaid Expenses and Deferred Charges$18,839$16,971▼ $1,868
Total Assets$9,034,981$9,294,110▲ $259,129
Other Assets Total$413,220$318,415▼ $94,805
Liabilities
Grants Payable$1,246,135$1,136,913▼ $109,222
Other Liabilities$417,401$323,734▼ $93,667
Accounts Payable and Accrued Expenses$50,140$36,458▼ $13,682
Total Liabilities$1,713,676$1,497,105▼ $216,571
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,967,933$6,132,116▲ $164,183
Net Assets With Donor Restrictions$1,353,372$1,664,889▲ $311,517
Total Net Assets Fund Balance$7,321,305$7,797,005▲ $475,700
Total Liabilities and Net Assets / Fund Balance$9,034,981$9,294,110▲ $259,129

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$8,456$110,842$119,298
Other Land Buildings$15,300-$15,300

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$958,372-▲ $113,999-$1,072,371
2022$867,862-▲ $90,510-$958,372
2021$1,015,677-▼ $147,815-$867,862
2020$814,204-▲ $201,473-$1,015,677
2019$807,980-▲ $6,224-$814,204
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shante AvantPresident and CEOFT$190,758$15,804$206,562
Sheneka BalogunChief Operating OfficerFT$140,147$8,950$149,097

Board Members and Trustees

NameTitle
Evangeline Parker-guestAt Large Chair
Ann Marie Wallace MsphCo-chair of the Board of Directors
Joanna CrangleCo-chair of the Board of Directors
Karen G JohnstonDevelopment Chair
Amity SchulyerEducation, Research and Advocacy Chair
Catherine GammillGrants and Programs Chair
Gale Jones CarsonMarketing and Communications Chair
Monica WhartonBoard Development and Nomi
Bacarra MauldinDirector
Beverly Cross PhdDirector
Beverly GatesDirector
Cathy LuDirector
Christine ClarkDirector
Christine GrantDirector
Jeanette MillsDirector
Jenny RobertsonDirector
Kandace StewartDirector
Lauren TaylorDirector
Marilynn S RobinsonDirector
Mary H McdanielDirector
Mary LeeDirector
Pamela RichardsonDirector
Portia FrostDirector
Sharon RyanDirector
Toni L Boland-evansDirector
Trevia ChatmanDirector
Gina Meyers BrewerOrganizational Effectivene
Marcia Bowden-marche MdOrganizational Effectivene
Denise D CarpenterSecretary
Aimee GreggTreasurer and Finance Chai
Susan StephensonVision 2020 Development Ch
Revenue and Support

Revenue Composition

Contributions and Grants
$3,073,815
Program Service Revenue
$0
Investment Income
$230,608
Other Revenue
$243,799
All Other Contributions
$2,967,451
Change in Net Assets
$346,497

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 Amount
Other Non Cash Contri Table$96,016
Other Non Cash Contri Table$10,348
Total Noncash Contributions$106,364

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,846,668
Revenue Not Reported on Financial Statements
$-298,446
Revenue Not Reported on Form 990
$155,891
Other Revenue Adjustments
$-312,634
Total Revenue per Audited Statements
$4,002,559
Total Revenue per Form 990
$3,548,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,695,862
Salaries, Compensation, and Employee Benefits$1,017,882
Other Expenses$487,981
Total Fundraising Expense$281,057
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,695,862--$1,695,862
Other Salaries and Wages$314,557$104,852$104,852$524,261
Current Officers, Directors, Trustees, and Key Employees$213,395$71,131$71,131$355,657
Occupancy$80,429$22,980$11,490$114,899
Pension Plan Contributions$43,989$18,329$10,997$73,315
Payroll Taxes$22,627$25,860$16,162$64,649
Fees for Services Other$38,594$9,409$16,320$64,323
All Other Expenses$16,406$7,721$12,653$36,780
Advertising$9,883$2,314$10,937$23,134
Conferences and Meetings$15,944$2,278$4,555$22,777
Fees for Services Legal$9,000$2,700$6,300$18,000
Other Expenses$5,055$17,068$2,528$17,068
Depreciation Depletion$8,246$1,302$1,302$10,850
Office Expenses$1,958$1,958$979$4,895
Travel$3,268$409$409$4,086
Insurance$483$2,254$483$3,220
Interest-$187-$187
Total Functional Expenses$2,587,323$333,345$281,057$3,201,725

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,526,859
Expenses per Audited Statements$3,201,725
Total Expenses per Form 990$3,201,725
Expenses Not Reported on Form 990$325,134
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rise FoundationMemphis, TN501(c)(3)Various$174,559
Southwest Tennessee Community College FoundationMemphis, TN501(c)(3)Various$130,000
Knowledge QuestMemphis, TN501(c)(3)Various$100,000
Urban Strategiesmemphis HopeMemphis, TN501(c)(3)Various$75,000
Advance MemphisMemphis, TN501(c)(3)Various$45,000
Families MatterMemphis, TN501(c)(3)Various$43,000
Women of Color CollaborativeNashville, TN501(c)(3)Various$42,000
University of Memphis (herffgee Here)Memphis, TN501(c)(3)Various$41,000
University of MemphiscrepMemphis, TN501(c)(3)Various$40,500
Girls Inc of MemphisMemphis, TN501(c)(3)Various$40,000
Mifa Metropolitan Inter-faith AssociationMemphis, TN501(c)(3)Various$40,000
Porter LeathMemphis, TN501(c)(3)Various$40,000
Ywca of Greater MemphisMemphis, TN501(c)(3)Various$40,000
Lemoyne-owen CollegeMemphis, TN501(c)(3)Various$36,801
Memphis Inner City RugbyMemphis, TN501(c)(3)Various$35,000
A Step Ahead FoundationMemphis, TN501(c)(3)Various$34,000
New Ballet Ensemble and SchoolMemphis, TN501(c)(3)Various$30,368
All MemphisMemphis, TN501(c)(3)Various$30,000
Boys & Girls Clubs of Greater MemphisMemphis, TN501(c)(3)Various$30,000
Early Success CoalitionMemphis, TN501(c)(3)Various$30,000
Junior Achievement of MemphisMemphis, TN501(c)(3)Various$30,000
Karat Place IncMemphis, TN501(c)(3)Various$30,000
Community Legal CenterMemphis, TN501(c)(3)Various$29,600
Streets MinistriesMemphis, TN501(c)(3)Various$26,000
CodecrewMemphis, TN501(c)(3)Various$25,000
Emmanuel Center Inc-Memphis, TN501(c)(3)Various$25,000
JiffMemphis, TN501(c)(3)Various$25,000
Memphis ChallengeMemphis, TN501(c)(3)Various$25,000
Neighborhood Christian CenterMemphis, TN501(c)(3)Various$25,000
Seeding SuccessMemphis, TN501(c)(3)Various$25,000
Vance Ave Youth Development CenterMemphis, TN501(c)(3)Various$25,000
Hope Works IncMemphis, TN501(c)(3)Various$20,000
Kids in Technology IncMemphis, TN501(c)(3)Various$20,000
Memphis Urban League IncMemphis, TN501(c)(3)Various$20,000
Room in the InnMemphis, TN501(c)(3)Various$20,000
The Salvation ArmyAlexandria, VA501(c)(3)Various$20,000
Thistle and BeeMemphis, TN501(c)(3)Various$20,000
Dress for Success MemphisMemphis, TN501(c)(3)Various$19,500
Hope House Daycare Center IncMemphis, TN501(c)(3)Various$18,400
Memphis Housing Authority-mhaMemphis, TN501(c)(3)Various$18,291
South Memphis AllianceMemphis, TN501(c)(3)Various$17,500
Booker T Washington SchoolMemphis, TN501(c)(3)Various$15,000
Girl Scouts Heart of the SouthMemphis, TN501(c)(3)Various$15,000
Memphis Black Arts AllianceMemphis, TN501(c)(3)Various$15,000
Score CdcMemphis, TN501(c)(3)Various$15,000
Deneuville Learning Center for WomenMemphis, TN501(c)(3)Various$12,500
Angel Street MemphisMemphis, TN501(c)(3)Various$10,000
Mustard Seed IncMemphis, TN501(c)(3)Various$10,000
Start CoMemphis, TN501(c)(3)Various$10,000
The Center for Family Research - UgaAthens, GA501(c)(3)Various$6,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$556,433
Fundraising Direct Expenses$312,634
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Tribute Luncheon$662,797$556,433$312,634$243,799
Total Events$662,797$556,433$312,634$243,799
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Susan StephensonBoard MemberSusan Stephenson Is an Officer at Independent Bank, Where the Foundation Has Deposit Accounts.No$2,078,271
Christine GantBoard MemberChristine Gant Is an Executive at Gant Systems Which Provides It Services to the Foundation.No$49,100
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability - Long Term$224,687
Operating Lease Liability - Current$99,047
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
Yes
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, Part VI, Section B, Line 11B

The president reviews the 990 before it is filed.

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

Discussion of the policy is a part of new board member orientation, and the policy is reviewed at board meetings.

Form 990, Part VI, Section B, Line 15

The president's compensation is based on a recommendation by the human resource committee chair and approved by the board chair. Comparisons are made annually to other non-profit organizations.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
WOMEN'S FOUNDATION FOR A GREATER MEMPHIS
EIN
58-2207247
Phone
9015789346
Address
40 SOUTH MAIN STREET 2280, MEMPHIS, TN 38103

Signing Officer

Name
Shante Avant
Title
President and CEO
Phone
9015789346
Signed
2025-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shante Avant
Formed
1995
Legal Domicile
Tn
Voting Board Members
32
Independent Board Members
32
Employees
15
Volunteers
337

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

Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART V, LINE 4:

The fund advisors intent is that only the investment income earned on the principal of the fund shall be used for grant making activities, administrative expenses, and general operations of the foundation. The permanently restricted portion of the endowment consists of a donor-designated contribution that is to be invested in perpetuity.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Special events direct expenses -312,634.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Special event direct expenses 312,634.

Raw XML AppendixShowing 400 of 1,218 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.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt0EDUCATION, RESEARCH AND ADVOCACY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1ORGANIZATIONAL EFFECTIVENE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VISION 2020 DEVELOPMENT CH
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7MARKETING AND COMMUNICATIONS CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DEVELOPMENT CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17GRANTS AND PROGRAMS CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20ORGANIZATIONAL EFFECTIVENE
IRS990/Form990PartVIISectionAGrp/TitleTxt21SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23CO-CHAIR OF THE BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26TREASURER AND FINANCE CHAI
IRS990/Form990PartVIISectionAGrp/TitleTxt27AT LARGE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt29CO-CHAIR OF THE BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt30BOARD DEVELOPMENT AND NOMI
IRS990/Form990PartVIISectionAGrp/TitleTxt31PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt32CHIEF OPERATING OFFICER
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IRS990/MissionDesc0TO ENCOURAGE PHILANTHROPY AND FOSTER LEADERSHIP AMONG WOMEN AND SUPPORT PROGRAMS THAT ENABLE WOMEN AND CHILDREN TO REACH THEIR FULL POTENTIAL.

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