Civic Intelligence

Memphis Challenge Inc.

990 • Fiscal year 2021 • EIN 62-1400107

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 27, 2022

Organization ProfileWWW.MEMPHISCHALLENGE.ORG
17 West Pontotoc Avenue 100Memphis, TN 38103

(901) 685-5455

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.00x

Higher debt load relative to assets than 1% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

1st percentile

-0.00x

Higher debt load relative to revenue than 1% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

82nd percentile

41%

Higher net margin than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

98th percentile

$98,911

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

91st percentile

132%

Faster asset growth than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

81%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$204,689

Up $116,518 (+132%) from 2020

Net Assets

Up

$205,410

Up $156,983 (+324%) from 2020

Liabilities

Down

-$721

Down $40,465 (-102%) from 2020

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin82nd percentile

Revenue

Up

$382,346

Up $171,156 (+81%) from 2020

Expenses

Down

$225,363

Down $41,479 (-16%) from 2020

Net Income

Up

$156,983

Up $212,635 (+382%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$300K$200K$100K$0-$100KAssets 2014: $107,269Liabilities 2014: $1,454Net Assets 2014: $105,8152014Assets 2015: $148,915Liabilities 2015: $1,394Net Assets 2015: $147,5212015Assets 2016: $172,868Liabilities 2016: $1,601Net Assets 2016: $171,2672016Assets 2017: $173,551Liabilities 2017: $24Net Assets 2017: $173,5272017Assets 2018: $162,127Liabilities 2018: $55Net Assets 2018: $162,0722018Assets 2019: $103,631Liabilities 2019: -$450Net Assets 2019: $104,0812019Assets 2020: $88,171Liabilities 2020: $39,744Net Assets 2020: $48,4272020Assets 2021: $204,689Liabilities 2021: -$721Net Assets 2021: $205,4102021Assets 2022: $175,598Liabilities 2022: $1,000Net Assets 2022: $174,5982022Assets 2023: $143,052Liabilities 2023: $0Net Assets 2023: $143,0522023Assets 2024: $172,482Liabilities 2024: $0Net Assets 2024: $172,4822024

Highlighted filing

2021

Assets$204,689
Liabilities-$721
Net Assets$205,410
Open 2021 Filing

Operations Trend

Revenue Growth82nd percentile

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

$400K$200K$0-$200KRevenue 2014: $181,748Expenses 2014: $265,935Net Income 2014: -$84,1872014Revenue 2015: $305,015Expenses 2015: $263,311Net Income 2015: $41,7042015Revenue 2016: $321,940Expenses 2016: $298,194Net Income 2016: $23,7462016Revenue 2017: $282,152Expenses 2017: $279,892Net Income 2017: $2,2602017Revenue 2018: $310,544Expenses 2018: $321,999Net Income 2018: -$11,4552018Revenue 2019: $250,145Expenses 2019: $308,136Net Income 2019: -$57,9912019Revenue 2020: $211,190Expenses 2020: $266,842Net Income 2020: -$55,6522020Revenue 2021: $382,346Expenses 2021: $225,363Net Income 2021: $156,9832021Revenue 2022: $312,432Expenses 2022: $343,244Net Income 2022: -$30,8122022Revenue 2023: $309,907Expenses 2023: $341,453Net Income 2023: -$31,5462023Revenue 2024: $357,898Expenses 2024: $328,468Net Income 2024: $29,4302024

Highlighted filing

2021

Revenue$382,346
Expenses$225,363
Net Income$156,983
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 27, 2022
Return Version
2021v4.2
Gross Receipts
$382,346
Mission and Program Overview

Mission

The goal of memphis challenge is to ensure the region's most talented minority students bring their education, expertise, and connections back to memphis.

The purpose of memphis challenge is to match gifted, but under-represented memphis high school students of color with top-tier colleges and universities and scholarship offerings offered by prestigious colleges and universities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cap Stk Tr Prin Current Funds$48,427$205,410▲ $156,983
Cash and Non-Interest-Bearing Accounts$86,571$203,089▲ $116,518
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Total Assets$88,171$204,689▲ $116,518
Other Assets Total$1,600$1,600→ $0
Liabilities
Unsecured Notes Loans Payable$39,965--
Accounts Payable and Accrued Expenses$-221$-721▼ $500
Total Liabilities$39,744$-721▼ $40,465
Net Assets / Fund Balance
Total Net Assets Fund Balance$48,427$205,410▲ $156,983
Total Liabilities and Net Assets / Fund Balance$88,171$204,689▲ $116,518

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$12,477$12,477
Equipment$0$4,827$4,827
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Cassandra WebsterExecutive DirectorPT$98,911$98,911

Board Members and Trustees

NameTitle
Dr Esmond ArrindellChairman
Jr Hyde IiiPresident
Bryan J BarringerDirector
Charlie Pleas IiiDirector
Donna T SandersDirector
Dr Otis Anderson IiiDirector
Dr Rychetta WatkinsDirector
Dr Xiangen HuDirector
Gabrielle DycusDirector
Lani D LesterDirector
Pamela ShieldsDirector
Ruby BrightDirector
Warren RicheyDirector
Wendy Sumner-winterSecretary
Corie RiversTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$378,832
Program Service Revenue
$2,593
Investment Income
$0
Other Revenue
$921
All Other Contributions
$298,902
Change in Net Assets
$156,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$149,336
Other Expenses$73,027
Total Fundraising Expense$7,675
Grants and Similar Amounts Paid$3,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$69,238$29,673-$98,911
Other Salaries and Wages$20,685$8,865-$29,550
Fees for Services Legal$13,097$5,613-$18,710
Other Employee Benefits$8,499$3,642-$12,141
Payroll Taxes$6,114$2,620-$8,734
Advertising$3,986$1,708-$5,694
Office Expenses$3,557$1,525-$5,082
All Other Expenses$2,252$964-$3,216
Other Expenses$2,171$931$7,675$3,102
Grants to Domestic Individuals$3,000--$3,000
Insurance$2,087$894-$2,981
Fees for Services Accounting$1,596$684-$2,280
Fees for Services Other$1,215$521-$1,736
Occupancy$983$421-$1,404
Conferences and Meetings$578$248-$826
Travel$65$28-$93
Total Functional Expenses$153,282$64,406$7,675$225,363
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mckenzie WebsterDaughter of Cassandra Webster, Executive DirectorEmployee of OrganizationNo$15,260
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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

Governance Explanations

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

“A copy of the return was distributed for review.”

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

“UPON REQUEST.”

Form 990, Part VI, Section B, Line 15

“UPON REQUEST.”

Form 990, Part VI, Section C, Line 19

“AVAILABLE BY REQUEST.”

Filing and Contact Details

Filer

Filer Name
Memphis Challenge Inc
EIN
62-1400107
Phone
9016855455
Address
17 WEST PONTOTOC AVENUE 100, MEMPHIS, TN 38103

Signing Officer

Name
Corie Rivers CPA
Title
Treasurer
Phone
9016855455
Signed
2022-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cassandra Webster
Formed
1989
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
2
Volunteers
0

Preparer

Firm
Forvis Llp
Address
999 S SHADY GROVE RD STE 400, MEMPHIS, TN 38120
Preparer
Lakrisha J Watson
Phone
9017613000
Raw XML AppendixShowing 400 of 479 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0-221
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0-721
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE PURPOSE OF MEMPHIS CHALLENGE IS TO MATCH GIFTED, BUT UNDER-REPRESENTED MEMPHIS HIGH SCHOOL STUDENTS OF COLOR WITH TOP-TIER COLLEGES AND UNIVERSITIES AND SCHOLARSHIP OFFERINGS OFFERED BY PRESTIGIOUS COLLEGES AND UNIVERSITIES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01708
IRS990/AdvertisingGrp/ProgramServicesAmt03986
IRS990/AdvertisingGrp/TotalAmt05694
IRS990/AllOtherContributionsAmt0298902
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0964
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02252
IRS990/AllOtherExpensesGrp/TotalAmt03216
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0CORIE RIVERS CPA
IRS990/BooksInCareOfDetail/PhoneNum09016855455
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt017 WEST PONTOTOC AVENUE SUITE 100
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038103
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd01
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt048427
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt0205410
IRS990/CashNonInterestBearingGrp/BOYAmt086571
IRS990/CashNonInterestBearingGrp/EOYAmt0203089
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt029673
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt069238
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt098911
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt0248
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0578
IRS990/ConferencesMeetingsGrp/TotalAmt0826
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0378832
IRS990/CYGrantsAndSimilarPaidAmt03000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt073027
IRS990/CYOtherRevenueAmt0921
IRS990/CYProgramServiceRevenueAmt02593
IRS990/CYRevenuesLessExpensesAmt0156983
IRS990/CYSalariesCompEmpBnftPaidAmt0149336
IRS990/CYTotalExpensesAmt0225363
IRS990/CYTotalFundraisingExpenseAmt07675
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0382346
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE JR. MEMPHIS AND MEMPHIS CHALLENGE PROGRAM PROVIDES UNDER REPRESENTED HIGH ACHIEVING STUDENTS OF COLOR AN OPPORTUNITY TO DEVELOP PERSONAL AND PROFESSIONAL SKILLS THAT WILL AID THEM THROUGH COLLEGE AND BEYOND. MEMPHIS CHALLENGE OFFERS MONTHLY WORKSHOPS FOR 9TH, 10TH, 11TH, AND 12TH GRADE STUDENTS FROM COUNTY, CHARTER, AND PRIVATE SCHOOLS. EACH WORKSHOP SERVES TO BUILD A FOUNDATION OF SUCCESS AND LAYERS THE STUDENTS WITH SELF CONFIDENCE AND MOTIVATION TO SUCCEED. CURRENTLY, THERE ARE MORE THAN 500 MEMPHIS CHALLENGE ALUMNI WHO NOW SERVE THE COMMUNITY AS ATTORNEYS, EDUCATORS, PHYSICIANS, DIRECTORS, EXECUTIVES, AND ENTREPRENEURS (55 PERSONS BENEFITED).
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0152921
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0684
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt01596
IRS990/FeesForServicesAccountingGrp/TotalAmt02280
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt05613
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt013097
IRS990/FeesForServicesLegalGrp/TotalAmt018710
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt0521
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt01215
IRS990/FeesForServicesOtherGrp/TotalAmt01736
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt142.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1530.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/PersonNm0DR ESMOND ARRINDELL
IRS990/Form990PartVIISectionAGrp/PersonNm1WENDY SUMNER-WINTER
IRS990/Form990PartVIISectionAGrp/PersonNm2CORIE RIVERS
IRS990/Form990PartVIISectionAGrp/PersonNm3JR HYDE III
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLIE PLEAS III
IRS990/Form990PartVIISectionAGrp/PersonNm5RUBY BRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm6DR OTIS ANDERSON III
IRS990/Form990PartVIISectionAGrp/PersonNm7GABRIELLE DYCUS
IRS990/Form990PartVIISectionAGrp/PersonNm8DR XIANGEN HU
IRS990/Form990PartVIISectionAGrp/PersonNm9LANI D LESTER
IRS990/Form990PartVIISectionAGrp/PersonNm10WARREN RICHEY
IRS990/Form990PartVIISectionAGrp/PersonNm11DONNA T SANDERS
IRS990/Form990PartVIISectionAGrp/PersonNm12PAMELA SHIELDS
IRS990/Form990PartVIISectionAGrp/PersonNm13BRYAN J BARRINGER
IRS990/Form990PartVIISectionAGrp/PersonNm14DR RYCHETTA WATKINS
IRS990/Form990PartVIISectionAGrp/PersonNm15CASSANDRA WEBSTER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1598911
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GovernmentGrantsAmt079930
IRS990/GrantAmt03000
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt03000
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt03000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0382346
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0894
IRS990/InsuranceGrp/ProgramServicesAmt02087
IRS990/InsuranceGrp/TotalAmt02981
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017304
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt017304
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE GOAL OF MEMPHIS CHALLENGE IS TO ENSURE THE REGION'S MOST TALENTED MINORITY STUDENTS BRING THEIR EDUCATION, EXPERTISE, AND CONNECTIONS BACK TO MEMPHIS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt048427
IRS990/NetAssetsOrFundBalancesEOYAmt0205410
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0421
IRS990/OccupancyGrp/ProgramServicesAmt0983
IRS990/OccupancyGrp/TotalAmt01404
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01525
IRS990/OfficeExpensesGrp/ProgramServicesAmt03557
IRS990/OfficeExpensesGrp/TotalAmt05082
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01600
IRS990/OtherAssetsTotalGrp/EOYAmt01600
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03642
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt08499
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012141
IRS990/OtherExpensesGrp/Desc0OTHER PROGRAM EXPENDITU
IRS990/OtherExpensesGrp/Desc1FUNDRAISER EXPENSE
IRS990/OtherExpensesGrp/Desc2DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc3TRAINING EXPENSE
IRS990/OtherExpensesGrp/FundraisingAmt07675
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04793
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11276
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2931
IRS990/OtherExpensesGrp/ProgramServicesAmt011183
IRS990/OtherExpensesGrp/ProgramServicesAmt12976
IRS990/OtherExpensesGrp/ProgramServicesAmt22171
IRS990/OtherExpensesGrp/TotalAmt015976
IRS990/OtherExpensesGrp/TotalAmt17675
IRS990/OtherExpensesGrp/TotalAmt24252
IRS990/OtherExpensesGrp/TotalAmt33102
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0921
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0921
IRS990/OtherRevenueTotalAmt0921
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt08865
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020685
IRS990/OtherSalariesAndWagesGrp/TotalAmt029550
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02620
IRS990/PayrollTaxesGrp/ProgramServicesAmt06114
IRS990/PayrollTaxesGrp/TotalAmt08734
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0CASSANDRA WEBSTER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE REVENU
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02593
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02593
IRS990/ProgSrvcAccomActy2Grp/Desc0THE 9/10 MOVEMENT PREPARES STUDENTS FOR THE RIGORS OF HIGH SCHOOL AND BEYOND. THE IMPORTANCE OF ACADEMICS AND HOW TO CONNECT THE DOTS OF LIFE, EDUCATION, CAREER AND ASPIRATIONS. IN 2018, THERE WERE TWO MODULES WHERE WE ACHIEVED THESE GOALS. THE FIRST ONE WAS THE BOOT CAMP WHERE THE PROGRAM EMPHASIZED PERSONAL RESPONSIBILITY FOR SETTING AND REACHING GOALS. THE PROGRAM EXPOSED STUDENTS TO COACHING FOR CRITICAL THINKING SKILLS AND BUILD GROUP COHESIVENESS BY MEMPHIS CHALLENGE ALUMNI. THE OTHER PROGRAM WAS TO HELP STUDENTS FEEL COMFORTABLE OUTSIDE THEIR OWN ENVIRONMENTS BY EXPOSING THEM TO CIVIC LEADERS AND GREAT CITIZENS FROM AROUND THE REGION (45 PERSONS BENEFITED).
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0361
IRS990/ProgSrvcAccomActy3Grp/Desc0SOLE (SUMMER ONLINE LEARNING EXPERIENCE) IS A VIRTUAL MATH ACADEMY THAT IS OFFERED FOR STUDENTS IN GRADES 3-12 DURING THE SUMMER TO COMBAT SUMMER SLIDE (LEARNING LOSS). SOLE IS POWERED THRU ALEK SOFTWARE. MEMPHIS CHALLENGE OFFERS WEEKLY PARENT UPDATES AND IS BUILDING A COMMUNITY OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) ENTHUSIASTS (155 PERSONS BENEFITED).
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt01146
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0206448
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02400
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt077043
IRS990/PYOtherRevenueAmt01993
IRS990/PYProgramServiceRevenueAmt02749
IRS990/PYRevenuesLessExpensesAmt0-55652
IRS990/PYSalariesCompEmpBnftPaidAmt0187399
IRS990/PYTotalExpensesAmt0266842
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0211190
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0156983
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02368
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0BELOW IS THE EVALUATION OF THE 10% FACTS AND CIRCUMSTANCES TEST IN ACCORDANCE TO REGULATION SECTION 1.107A-9(F)(3):(I) THE PUBLIC SUPPORT PERCENTAGE IS 12.34% WHICH IS IN EXCESS OF 10%.(II) MEMPHIS CHALLENGE, INC. ACTIVELY SOLICITS CONTRIBUTIONS ON ITS WEBSITE AND HAS STARTED SOLICITING CONTRIBUTIONS USING NETWORK FOR GOOD. (III) OTHER FACTS AND CIRCUMSTANCES: A. MEMPHIS CHALLENGE, INC.'S BOARD OF DIRECTORS CONSISTS OF A VARIETY OF PROFESSIONALS OF THE COMMUNITY.B. MEMPHIS CHALLENGE, INC. PROVIDES ITS LEADERSHIP AND PROFESSIONAL DEVELOPMENT PROGRAMS TO HIGH SCHOOL STUDENTS OF COLOR FREE OF CHARGE.C. THE FOLLOWING LINK PROVIDES STUDENT TESTIMONIALS ON THE IMPACT OF THE PROGRAMS ON THEM: HTTPS://MEMPHISCHALLENGE.ORG/WHY-MC/
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0378832
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0206448
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0207683
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0330614
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0273429
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01397006
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt078813
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0921
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01993
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03971
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt06104
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01398
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014387
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.12340
IRS990ScheduleA/PublicSupportPY170Pct00.25610
IRS990ScheduleA/PublicSupportTotal170Amt0174190
IRS990ScheduleA/SubstantialContributorsTotAmt01222816
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0378832
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0206448
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0207683
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0330614
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0273429
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01397006
IRS990ScheduleA/TotalSupportAmt01411393
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04827
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04827
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012477
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012477
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MCKENZIE WEBSTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DAUGHTER OF CASSANDRA WEBSTER, EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt015260
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0EMPLOYEE OF ORGANIZATION
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE RETURN WAS DISTRIBUTED FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE BY REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$204,689
Liabilities
-$721
Net assets
$205,410
Revenue
$382,346
Expenses
$225,363
Net income
$156,983
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.00$1.72$3.58$3.28$0.29
2023Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$3.10$3.41$0.32
2022Detailed filing. Detailed filing data is available for this year.$1.76$0.01$1.75$3.12$3.43$0.31
2021Detailed filing. Detailed filing data is available for this year.$2.05$0.01$2.05$3.82$2.25$1.57
2020Detailed filing. Detailed filing data is available for this year.$0.88$0.40$0.48$2.11$2.67$0.56
2019Detailed filing. Detailed filing data is available for this year.$1.04$0.00$1.04$2.50$3.08$0.58
2018Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$3.11$3.22$0.11
2017Detailed filing. Detailed filing data is available for this year.$1.74$0.00$1.74$2.82$2.80$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.73$0.02$1.71$3.22$2.98$0.24
2015Detailed filing. Detailed filing data is available for this year.$1.49$0.01$1.48$3.05$2.63$0.42
2014Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.06$1.82$2.66$0.84