Civic Intelligence

Junior League of Memphis

EIN 62-0492165 • 501(c)3 • Memphis, TN

Profile

The Junior League of Memphis is an organization of women whose mission is to advance womens leadership for meaningful community impact through volunteer action, collaboration and training.

3475 Central AveMemphis, TN 38111

www.jlmemphis.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.11x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

74th percentile

21%

Higher net margin than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

59th percentile

7.0%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

46%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$3,740,968

Up $245,697 (+7.0%) from 2023

Liabilities

Down

$132,425

Down $151,867 (-53%) from 2023

Net Assets

Up

$3,608,543

Up $397,564 (+12%) from 2023

Revenue

Up

$1,180,686

Up $372,070 (+46%) from 2023

Expenses

Down

$935,885

Down $305,688 (-25%) from 2023

Net Income

Up

$244,801

Up $677,758 (+157%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $3,671,117Liabilities 2012: $18,843Net Assets 2012: $3,652,2742012Assets 2013: $3,971,184Liabilities 2013: $54,296Net Assets 2013: $3,916,8882013Assets 2014: $4,118,308Liabilities 2014: $41,080Net Assets 2014: $4,077,2282014Assets 2015: $4,156,175Liabilities 2015: $87,703Net Assets 2015: $4,068,4722015Assets 2016: $3,884,491Liabilities 2016: $74,761Net Assets 2016: $3,809,7302016Assets 2017: $3,856,786Liabilities 2017: $81,594Net Assets 2017: $3,775,1922017Assets 2018: $3,623,286Liabilities 2018: $35,876Net Assets 2018: $3,587,4102018Assets 2019: $3,433,457Liabilities 2019: $33,845Net Assets 2019: $3,399,6122019Assets 2020: $3,394,810Liabilities 2020: $77,500Net Assets 2020: $3,317,3102020Assets 2021: $3,961,935Liabilities 2021: $73,801Net Assets 2021: $3,888,1342021Assets 2022: $3,746,394Liabilities 2022: $54,581Net Assets 2022: $3,691,8132022Assets 2023: $3,495,271Liabilities 2023: $284,292Net Assets 2023: $3,210,9792023Assets 2024: $3,740,968Liabilities 2024: $132,425Net Assets 2024: $3,608,5432024

Highlighted filing

2024

Assets$3,740,968
Liabilities$132,425
Net Assets$3,608,543

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $746,157Expenses 2012: $840,284Net Income 2012: -$94,1272012Revenue 2013: $897,887Expenses 2013: $810,983Net Income 2013: $86,9042013Revenue 2014: $857,215Expenses 2014: $820,980Net Income 2014: $36,2352014Revenue 2015: $892,969Expenses 2015: $802,359Net Income 2015: $90,6102015Revenue 2016: $949,651Expenses 2016: $1,033,900Net Income 2016: -$84,2492016Revenue 2017: $733,205Expenses 2017: $1,006,256Net Income 2017: -$273,0512017Revenue 2018: $724,163Expenses 2018: $911,030Net Income 2018: -$186,8672018Revenue 2019: $674,932Expenses 2019: $781,776Net Income 2019: -$106,8442019Revenue 2020: $628,047Expenses 2020: $744,813Net Income 2020: -$116,7662020Revenue 2021: $694,267Expenses 2021: $633,830Net Income 2021: $60,4372021Revenue 2022: $974,091Expenses 2022: $836,961Net Income 2022: $137,1302022Revenue 2023: $808,616Expenses 2023: $1,241,573Net Income 2023: -$432,9572023Revenue 2024: $1,180,686Expenses 2024: $935,885Net Income 2024: $244,8012024

Highlighted filing

2024

Revenue$1,180,686
Expenses$935,885
Net Income$244,801

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jun 1, 2023 to May 31, 2024
Signed
Nov 26, 2024
Return Version
2023v6.0
Gross Receipts
$1,180,686
Mission and Program Overview

Mission

The junior league of memphis is an organization of women committed to promoting volunteerism, developing the potential of women, and improving the community through the effective action and leadership of trained volunteers. Its purpose is exclusively educational and charitable.

The Junior League of Memphis is an organization of women whose mission is to advance womens leadership for meaningful community impact through volunteer action, collaboration and training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$763,884$1,978,250▲ $1,214,366
Investments in Publicly Traded Securities$1,662,021--
Land, Buildings, and Equipment, Net$953,551$1,104,754▲ $151,203
Cash and Non-Interest-Bearing Accounts$94$590,500▲ $590,406
Accounts Receivable$13,039$32,104▲ $19,065
Total Assets$3,495,271$3,740,968▲ $245,697
Other Assets Total$102,682$35,360▼ $67,322
Liabilities
Accounts Payable and Accrued Expenses$122,972$100,488▼ $22,484
Other Liabilities$95,427--
Deferred Revenue$65,893$31,937▼ $33,956
Total Liabilities$284,292$132,425▼ $151,867
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,190,823$3,587,531▲ $396,708
Net Assets With Donor Restrictions$20,156$21,012▲ $856
Total Net Assets Fund Balance$3,210,979$3,608,543▲ $397,564
Total Liabilities and Net Assets / Fund Balance$3,495,271$3,740,968▲ $245,697

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$592,296$1,505,321-
Land$295,800--
Equipment$216,658--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Anna Claire GleasonAssistant to the President
Traci StricklandPresident
Lori EvansPresident Elect
Shaterra MarionExecutive Vice President
Kelli WaltonDEIB Director
Erin ArnoldNominations Director
Lindsey BrayPolicy and Governance Director
Jen StripayStrategic Communications Director
Jennifer CulottaStrategic Planning Director
Charlotte GillespieSustainer Director
Sarah LockeEVP Elect
Cristina Acre de BagaglioSecretary
Elizabeth StelesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$639,477
Program Service Revenue
$392,314
Investment Income
$65,070
Other Revenue
$83,825
Change in Net Assets
$244,801

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,115,616
Total Revenue per Audited Statements
$1,115,616
Total Revenue per Form 990
$1,115,616
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$544,029
Salaries, Compensation, and Employee Benefits$299,092
Total Fundraising Expense$154,960
Grants and Similar Amounts Paid$92,764
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$195,281$65,095$0$260,376
All Other Expenses$72,431$35,845$108,655$216,931
Grants to Domestic Orgs$92,764--$92,764
Occupancy$60,929$0$0$60,929
Depreciation Depletion$39,931$13,311$0$53,242
Information Technology$22,750$7,584$0$30,334
Insurance$17,108$1,739$3,965$22,812
Payroll Taxes$15,269$5,090$0$20,359
Other Employee Benefits$13,767$4,590$0$18,357
Conferences and Meetings$11,303$0$0$11,303
Advertising$3,061$320$796$4,177
Other Expenses$1,534$272$0$1,806
Total Functional Expenses$615,604$165,321$154,960$935,885

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$935,885
Total Expenses per Audited Statements$935,885
Total Expenses per Form 990$935,885
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Hope HouseMemphis, TN501(c)(3)Donation for 30th Anniversary$30,000
GROW Binghampton and Pre K ReadinessMemphis, TN501(c)(3)Monthly Events at Lester Community Center$17,421
SCS Innovative Teaching GrantsMemphis, TN501(c)(3)Grants to Teachers$10,198
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$71,630$71,630$206,071$-134,441
Total Events$71,630$71,630$206,071$-134,441
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
Filing and Contact Details

Filer

Filer Name
Junior League of Memphis
EIN
62-0492165
Phone
9014522151
Address
3475 Central Ave, Memphis, TN 38111

Signing Officer

Name
Jennifer Brown
Title
Treasurer
Phone
9014522151
Signed
2024-11-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Brown
Formed
1922
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
1,267

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher Hearn
Phone
9012746702
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

Classes of Membership -No member shall at any one time be a member of more than one Junior League. The classes of membership in the JLM are as follows:

Pt VI, Line 6

A. Provisional Member(Provisional Year)

Pt VI, Line 6

Women who have reached the age of 23 by May 31 in the fiscal year in which they are proposed and who comply with the requirement of AJLI shall be admitted to provisional membership in JLM. A provisional is one who complies with the requirements for admission to active membership; she is not eligible to vote or hold office. Each provisional member is required to complete the provisional training course.

Pt VI, Line 6

B. Active Member (Years 1 through 5)

Pt VI, Line 6

An active member years 1-5 is one who has completed the requirements for provisional membership and who has been admitted to active membership by demonstrating volunteer service to her community and the JLM.

Pt VI, Line 6

C. Active Member (Years 6 through 8)

Pt VI, Line 6

An active member years 6-8 is one who is in good standing; and who has completed a minimum of five (5) years of placement (excluding the provisional year)in Junior League. One an active member reaches 9 years of active membership and is eligible to be a sustainer, she may extend her active membership by electing to remain active.

Pt VI, Line 6

D. Active Member 9+

Pt VI, Line 6

An active member 9+ is one who is in good standing; not eligible to be a sustainer; and who has completed a minimum of eight (8) years of placement (excluding the provisional year) in any Junior League. Once an active member reaches 9 years of active membership and is eligible to be a sustainer, she may extend her active membership by electing to remain active. Active 9+ members retain all the privileges of active members, including eligibility to be nominated. Any active member who is an officer or board member pursuant to the bylaws is considered an active member for all purposes until the completion of her term in office.

Pt VI, Line 6

E. Sustainers

Pt VI, Line 6

Sustainers are those who either: 1) have completed nine (9) years of placement in the JLM (exclusive of the provisional year and any year spent on a leave of absence) or 2) joined the JLM prior to June 1, 2019 and have reach the age of 40 by May 31 and have completed 5 years of placement (exclusive of the provisional year and any year spent on a leave of absence). Sustainers have all the privileges of active membership except they may not hold office or vote; however, sustainers on the board or councils have the right to vote on questions that come before the Board or Councils, respectively. See the JLM policies (membership policies section) for sustainer membership requirements.

Pt VI, Line 6

F. Restrictive Status

Pt VI, Line 6

If a member has not completed her membership requirements by the end of the fiscal year, May 31, the board will place her on restrictive status for one fiscal year, June 1 to May 31. During her year on restrictive status, a member will be required to fulfill all of her membership requirement, but will relinquish the privileges of a member in good standing. Any member who does not fulfill all membership requirements during a year on restrictive status will be removed from the JLM.

Pt VI, Line 7A

Section 1 Nominating Committee Nominating Committee Members are selected as follows: Nominating Director: The Nominating Director is slated and elected in accordance with section 2 below. Nominating Committee-Active members: The current nominating committee presents a ballot of nominees from equally distributed classes of membershp at a general membership meeting.Voting shall be conducted in accordance with the policies of the JLM. Three or more members from each group shall be elected by a majority of the votes cast to serve for a one-year term. Past President: The past-president role is filled by the immediate past president. If the immediate past president is unable to serve on the nominating committee, then the president shall appoint a replacement and consider past presidents from the last 5 years. Nominating Committee-Sustainer representative: The current sustainer council will select a sustainer representative to serve on the nominating committee. Past sustainer Manager: The past sustainer manager is filled by the immediate past sustainer manager. If the immediate past sustainer manager is unable to serve on the nominating committee, then the sustainer manager shall appoint a replacement and consider past sustainer managers from the last 5 years. Section 2-Slated Positions A slated position is either determined by the nominating committee or appointed by the president with input from others. By the February general membership meeting the current nominating committee presents a slate of candidates for the board, senior management council, and select council and committee positions provided each voting member has been notified that the slate will be presented at least one (1)week in advance of the date of the meeting. Ballots are distributed in person or electronically. Voting shall be conducted in accordance with the policies of the Junior League of Memphis. The slated positions are elected by a majority of the eligible active voting members. Those elected will assume their duties on June 1. Section 3 - Vacancies A. Slated Positions A vacancy in a slated positions, with the exception of the president, will be filled in one of the following ways:

Pt VI, Line 7A

1. Nominating Committee with the approvial of the Board will fill a vacancy in a slated positon. 2. If the nominating committee is not in session, the president will appoint someone in conjuction with the appropriate council manager and nominating director. Persons so appointed will serve until the expiration of the original term of office

Pt VI, Line 7A

B. President A vacancy in the office of president will be filled in one of the following ways: 1. In the year of the president-elects term, the president-elect will move into the position of president for the remainder of the existing presidents term and remain in office until the expiration of the president-elect orginally slated term. Exceptions may be made with teh approval of the executive committee and nominating director. 2. In a year without a president-elect,the nominating director must convene a special session of the nominating committee.

Pt VI, Line 7A

Section 4 -Independent Nominations With the consent of the nominee, an independent nomination for a slated position or for the nominating committee must be made in writing and signed by ten active members in good standing. Such nominations must be presented to the Secretary of the JLM within one (1) week following the announcement of the of the candidates in order to be included on the ballot distributed to the membership.

Pt VI, Line 11B

The treasurer for the applicable year has the primary responsibility for the review process and shares the draft with key stakeholders, including the president, president-elect, executive vice president, current treasurer,director of development and operations, and outside bookkeeper. The treasurer sets up a meeting to summarize her findings and discuss any open questions.The treasurer compilesfollow-up items that need auditors input and works to clarify on those items. The treasurer summarizes resolutions and shares with key stakeholders ensuring all items are closed out before signing Form 990.

Pt VI, Line 12C

All leadership is trained on the policy at annual training sessions. All leaders and committee members are required to complete a form each year stating affiliations. An explanation of the policy is given at this time to ensure members follow policy. Conflict of interest forms are reviewed and maintained by the League Attorney/Secretary.

Pt VI, Line 15B

The personnel committee is responsible for handling issues affecting JLM staff and reviewing performance evaluation and merit increase recommendations. The personnel committee formulates and revises policies and practices which govern the conditions under which employees of the JLM are employed and under which they work. Recommendations of the personnel committee are subject to board approval. The personnel committee is chaired by the president and is composed of the president-elect, the executive vice president, the secretary and additional appointees at the discretion of the chair. When there is a new hire, the committee reviews the job descriptions and sets a salary commensurate with compable positions in the Memphis Market for non-profits. Salary increases are based on performance reviews, market level comparisons and budget. Decisions on salary increases are made annually by the personnel committee, other compensation, such as vacation time, paid holidays, and healthcare is documented in theemployeemanual and is reviewed on a regular basis by the personnel committee.

Pt VI, Line 15A

N/A

Form 990, Part IX, Line 24E

Professional fees 38584. 14993. 16219. 7372.

Form 990, Part IX, Line 24E

Real estate taxes 1902. 0. 1902. 0.

Form 990, Part IX, Line 24E

Supplies 3541. 2655. 107. 779.

Form 990, Part IX, Line 24E

Utilities 33996. 16998. 5100. 11898.

Form 990, Part IX, Line 24E

Security 22872. 10292. 3432. 9148.

Form 990, Part IX, Line 24E

Special events 76569. 0. 0. 76569.

Form 990, Part IX, Line 24E

Sustainer expenses 9368. 7026. 2342. 0.

Form 990, Part IX, Line 24E

Telephone 10835. 10835. 0. 0.

Form 990, Part IX, Line 24E

AJLI dues 19264. 9632. 6743. 2889.

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