Civic Intelligence

Memphis Restaurant Association

990EZ • Fiscal year 2023 • EIN 62-1486826

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

PO Box 770027Memphis, TN 38177

(901) 860-5068

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.51x

Higher debt load relative to assets than 92% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

71st percentile

0.07x

Higher debt load relative to revenue than 71% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

26th percentile

-12%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$29,333

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 46.1% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

11th percentile

-34%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$8,203

Down $4,263 (-34%) from 2022

Net Assets

Down

$3,998

Down $7,543 (-65%) from 2022

Liabilities

Up

$4,205

Up $3,280 (+355%) from 2022

Revenue

Up

$63,663

Up $15,151 (+31%) from 2022

Expenses

Up

$71,206

Up $16,128 (+29%) from 2022

Net Income

Down

-$7,543

Down $977 (-15%) from 2022

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2018: $13,964Liabilities 2018: $2,271Net Assets 2018: $11,6932018Assets 2019: $7,487Liabilities 2019: $3,365Net Assets 2019: $4,1222019Assets 2020: $30,806Liabilities 2020: $200Net Assets 2020: $30,6062020Assets 2021: $18,307Liabilities 2021: $200Net Assets 2021: $18,1072021Assets 2022: $12,466Liabilities 2022: $925Net Assets 2022: $11,5412022Assets 2023: $8,203Liabilities 2023: $4,205Net Assets 2023: $3,9982023Assets 2024: $50,117Liabilities 2024: $6,830Net Assets 2024: $43,2872024

Highlighted filing

2023

Assets$8,203
Liabilities$4,205
Net Assets$3,998

Operations Trend

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

$100K$50K$0-$50KRevenue 2018: $75,332Expenses 2018: $83,440Net Income 2018: -$8,1082018Revenue 2019: $53,439Expenses 2019: $61,010Net Income 2019: -$7,5712019Revenue 2020: $82,726Expenses 2020: $56,242Net Income 2020: $26,4842020Revenue 2021: $37,635Expenses 2021: $50,134Net Income 2021: -$12,4992021Revenue 2022: $48,512Expenses 2022: $55,078Net Income 2022: -$6,5662022Revenue 2023: $63,663Expenses 2023: $71,206Net Income 2023: -$7,5432023Revenue 2024: $91,045Expenses 2024: $51,758Net Income 2024: $39,2872024

Highlighted filing

2023

Revenue$63,663
Expenses$71,206
Net Income-$7,543
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$92,115
Mission and Program Overview

Mission

The memphis restaurant association (mra) is the premiere support organization dedicated to the sucess of our industry and community now and into the future. We provide useful, accessible tools, educational services and governmental representation to promote the stability and growth of our members. The mra is dedicated to building community relationships and involvement in order to increase membership and create a spirit of fellowship amoung its members.

Program Services

DescriptionGrantsExpenses
HE MEMPHIS RESTAURANT ASSOCIATION (MRA) IS THE PREMIER SUPPORT ORGANIZATION DEDICATED TO THE SUCCESS OF OUR INDUSTRY AND COMMUNITY, BOTH NOW AND INTO THE FUTURE. WE PROVIDE USEFUL AND ACCESSIBLE TOOLS, EDUCATION, SERVICES, AND GOVERNMENTAL REPRESENTATION TO PROMOTE THE STABILITY AND GROWTH OF OUR MEMBERS. THE MRA IS COMMITTED TO BUILDING COMMUNITY RELATIONSHIPS AND FOSTERING INVOLVEMENT TO INCREASE MEMBERSHIP AND CREATE A SPIRIT OF FELLOWSHIP AMONG OUR MEMBERS. IN 2023, OUR BOARD MET FOR EIGHT IN-PERSON MEETINGS, HELD IN JANUARY, MARCH, APRIL, JUNE, AUGUST, OCTOBER, AND NOVEMBER. ADDITIONALLY, WE TRANSITIONED FROM TRADITIONAL IN-PERSON GENERAL MEMBERSHIP MEETINGS TO OFFERING FREQUENT EDUCATIONAL SPEAKERS VIA FACEBOOK LIVE. WE HOSTED VIRTUAL WEBINARS ON FACEBOOK LIVE IN MAY, JUNE, JULY, AUGUST, SEPTEMBER, NOVEMBER, AND DECEMBER. IN SEPTEMBER, WE HELD AN ALL-DAY VIRTUAL SUMMIT FEATURING EIGHT SPEAKERS, WHICH WAS A RESOUNDING SUCCESS.--
OUR ANNUAL FEBRUARY CELEBRATION, HELD IN FEBRUARY 2023, DREW OVER 400 ATTENDEES. THIS EVENT RECOGNIZED TWO MEMBERS OF OUR ASSOCIATION WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO BOTH THE INDUSTRY AND THEIR COMMUNITY, AND FOR THE FIRST TIME, WE HONORED AN ADDITIONAL AWARD WINNER. IN OCTOBER, OUR ANNUAL GOLF TOURNAMENT SOLD OUT WITH 144 GOLFERS AND NUMEROUS SPONSORS PARTICIPATING. THROUGHOUT THE YEAR, OUR COMMUNICATION WITH MEMBERS REMAINED CONSISTENT AND FOCUSED ON HEALTH DEPARTMENT POLICIES, BEST PRACTICES, WEBINARS, FINANCIAL SUPPORT, CHANGING RESTAURANT REGULATIONS, AND MORE. WE ALSO HELD FOUR IN- PERSON BREAKFAST MEETINGS FOR OUR VENDOR MEMBERS IN FEBRUARY, MAY, AUGUST, AND NOVEMBER.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SALLY FIENUPExecutive DiPT$29,333-$29,333
STEPHANIE HATTONAssistant DiPT$9,333-$9,333
MIKE MILLERPresident-$0--
JEFF ZEPATOSVice Preside-$0--
TERRY TRIMTreasurer-$0--
ALEX BOGGSCommunicatio-$0--
ED CABIGAOMember-$0--
STEPHANIE WESTMORELANDMember-$0--
KENDALL ROBERTSONMember-$0--
ARTURO AZCARATEAppointed Re-$0--
MAEGAN SMARTTAppointed Re-$0--
MARCO PUERTOAppointed Re-$0--
BILL GIDDENAssociate-$0--
JIMMY KISERAssociate-$0--
OSCAR VEGOAssociate-$0--
CHRIS GREENAssociate-$0--
SHAWN MASSEYAssociate-$0--
JOHN SEAYAssociate-$0--
MICHAEL SIXAssociate-$0--
WAYNE TABORHotelier-$0--
BRAD ALLBRITTENAppointed Re-$0--
MARCUS COXTourism-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$27,048$27,048$8,942$18,106
Banquet$18,926$18,926$19,510$-584
Total Events$45,974$45,974$28,452$17,522
Filing and Contact Details

Filer

Filer Name
Memphis Restaurant Association
EIN
62-1486826
Phone
9018605068
Address
PO BOX 770027, MEMPHIS, TN 38177

Signing Officer

Name
Sally Fienup
Title
Executive Director
Phone
9014884745
Signed
2024-11-14

Preparer

Firm
Patrick Accounting and Tax Services Pllc
Address
5570 MURRAY AVENUE, MEMPHIS, TN 38119
Preparer
Carolyn R Pugh CPA
Phone
9017555858
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 77 sponsorship 2,000 meeting expense 532 meals 18 insurance expense 1,976 dues and subscriptions 1,042 bank fees 1,634 total 7,279

Form 990-ez, Part II, Line 26

Memorials 200 200 due to mra pac 725 4,005

Form 990-ez, Part III

The memphis restaurant association (mra) is the premiere support organization dedicated to the sucess of our industry and community now and into the future. We provide useful, accessible tools, educational services and governmental representation to promote the stability and growth of our members. The mra is dedicated to building community relationships and involvement in order to increase membership and create a spirit of fellowship amoung its members.

Form 990-ez, Part III, Line 28

He memphis restaurant association (mra) is the premier support organization dedicated to the success of our industry and community, both now and into the future. We provide useful and accessible tools, education, services, and governmental representation to promote the stability and growth of our members. The mra is committed to building community relationships and fostering involvement to increase membership and create a spirit of fellowship among our members. In 2023, our board met for eight in-person meetings, held in january, march, april, june, august, october, and november. Additionally, we transitioned from traditional in-person general membership meetings to offering frequent educational speakers via facebook live. We hosted virtual webinars on facebook live in may, june, july, august, september, november, and december. In september, we held an all-day virtual summit featuring eight speakers, which was a resounding success.

Form 990-ez, Part III, Line 31

Our annual february celebration, held in february 2023, drew over 400 attendees. This event recognized two members of our association who have made significant contributions to both the industry and their community, and for the first time, we honored an additional award winner. In october, our annual golf tournament sold out with 144 golfers and numerous sponsors participating. Throughout the year, our communication with members remained consistent and focused on health department policies, best practices, webinars, financial support, changing restaurant regulations, and more. We also held four in- person breakfast meetings for our vendor members in february, may, august, and november.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0HE MEMPHIS RESTAURANT ASSOCIATION (MRA) IS THE PREMIER SUPPORT ORGANIZATION DEDICATED TO THE SUCCESS OF OUR INDUSTRY AND COMMUNITY, BOTH NOW AND INTO THE FUTURE. WE PROVIDE USEFUL AND ACCESSIBLE TOOLS, EDUCATION, SERVICES, AND GOVERNMENTAL REPRESENTATION TO PROMOTE THE STABILITY AND GROWTH OF OUR MEMBERS. THE MRA IS COMMITTED TO BUILDING COMMUNITY RELATIONSHIPS AND FOSTERING INVOLVEMENT TO INCREASE MEMBERSHIP AND CREATE A SPIRIT OF FELLOWSHIP AMONG OUR MEMBERS. IN 2023, OUR BOARD MET FOR EIGHT IN-PERSON MEETINGS, HELD IN JANUARY, MARCH, APRIL, JUNE, AUGUST, OCTOBER, AND NOVEMBER. ADDITIONALLY, WE TRANSITIONED FROM TRADITIONAL IN-PERSON GENERAL MEMBERSHIP MEETINGS TO OFFERING FREQUENT EDUCATIONAL SPEAKERS VIA FACEBOOK LIVE. WE HOSTED VIRTUAL WEBINARS ON FACEBOOK LIVE IN MAY, JUNE, JULY, AUGUST, SEPTEMBER, NOVEMBER, AND DECEMBER. IN SEPTEMBER, WE HELD AN ALL-DAY VIRTUAL SUMMIT FEATURING EIGHT SPEAKERS, WHICH WAS A RESOUNDING SUCCESS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1OUR ANNUAL FEBRUARY CELEBRATION, HELD IN FEBRUARY 2023, DREW OVER 400 ATTENDEES. THIS EVENT RECOGNIZED TWO MEMBERS OF OUR ASSOCIATION WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO BOTH THE INDUSTRY AND THEIR COMMUNITY, AND FOR THE FIRST TIME, WE HONORED AN ADDITIONAL AWARD WINNER. IN OCTOBER, OUR ANNUAL GOLF TOURNAMENT SOLD OUT WITH 144 GOLFERS AND NUMEROUS SPONSORS PARTICIPATING. THROUGHOUT THE YEAR, OUR COMMUNICATION WITH MEMBERS REMAINED CONSISTENT AND FOCUSED ON HEALTH DEPARTMENT POLICIES, BEST PRACTICES, WEBINARS, FINANCIAL SUPPORT, CHANGING RESTAURANT REGULATIONS, AND MORE. WE ALSO HELD FOUR IN- PERSON BREAKFAST MEETINGS FOR OUR VENDOR MEMBERS IN FEBRUARY, MAY, AUGUST, AND NOVEMBER.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES ADVERTISING AND PROMOTION 77 SPONSORSHIP 2,000 MEETING EXPENSE 532 MEALS 18 INSURANCE EXPENSE 1,976 DUES AND SUBSCRIPTIONS 1,042 BANK FEES 1,634 TOTAL 7,279
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMORIALS 200 200 DUE TO MRA PAC 725 4,005
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE MEMPHIS RESTAURANT ASSOCIATION (MRA) IS THE PREMIERE SUPPORT ORGANIZATION DEDICATED TO THE SUCESS OF OUR INDUSTRY AND COMMUNITY NOW AND INTO THE FUTURE. WE PROVIDE USEFUL, ACCESSIBLE TOOLS, EDUCATIONAL SERVICES AND GOVERNMENTAL REPRESENTATION TO PROMOTE THE STABILITY AND GROWTH OF OUR MEMBERS. THE MRA IS DEDICATED TO BUILDING COMMUNITY RELATIONSHIPS AND INVOLVEMENT IN ORDER TO INCREASE MEMBERSHIP AND CREATE A SPIRIT OF FELLOWSHIP AMOUNG ITS MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HE MEMPHIS RESTAURANT ASSOCIATION (MRA) IS THE PREMIER SUPPORT ORGANIZATION DEDICATED TO THE SUCCESS OF OUR INDUSTRY AND COMMUNITY, BOTH NOW AND INTO THE FUTURE. WE PROVIDE USEFUL AND ACCESSIBLE TOOLS, EDUCATION, SERVICES, AND GOVERNMENTAL REPRESENTATION TO PROMOTE THE STABILITY AND GROWTH OF OUR MEMBERS. THE MRA IS COMMITTED TO BUILDING COMMUNITY RELATIONSHIPS AND FOSTERING INVOLVEMENT TO INCREASE MEMBERSHIP AND CREATE A SPIRIT OF FELLOWSHIP AMONG OUR MEMBERS. IN 2023, OUR BOARD MET FOR EIGHT IN-PERSON MEETINGS, HELD IN JANUARY, MARCH, APRIL, JUNE, AUGUST, OCTOBER, AND NOVEMBER. ADDITIONALLY, WE TRANSITIONED FROM TRADITIONAL IN-PERSON GENERAL MEMBERSHIP MEETINGS TO OFFERING FREQUENT EDUCATIONAL SPEAKERS VIA FACEBOOK LIVE. WE HOSTED VIRTUAL WEBINARS ON FACEBOOK LIVE IN MAY, JUNE, JULY, AUGUST, SEPTEMBER, NOVEMBER, AND DECEMBER. IN SEPTEMBER, WE HELD AN ALL-DAY VIRTUAL SUMMIT FEATURING EIGHT SPEAKERS, WHICH WAS A RESOUNDING SUCCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OUR ANNUAL FEBRUARY CELEBRATION, HELD IN FEBRUARY 2023, DREW OVER 400 ATTENDEES. THIS EVENT RECOGNIZED TWO MEMBERS OF OUR ASSOCIATION WHO HAVE MADE SIGNIFICANT CONTRIBUTIONS TO BOTH THE INDUSTRY AND THEIR COMMUNITY, AND FOR THE FIRST TIME, WE HONORED AN ADDITIONAL AWARD WINNER. IN OCTOBER, OUR ANNUAL GOLF TOURNAMENT SOLD OUT WITH 144 GOLFERS AND NUMEROUS SPONSORS PARTICIPATING. THROUGHOUT THE YEAR, OUR COMMUNICATION WITH MEMBERS REMAINED CONSISTENT AND FOCUSED ON HEALTH DEPARTMENT POLICIES, BEST PRACTICES, WEBINARS, FINANCIAL SUPPORT, CHANGING RESTAURANT REGULATIONS, AND MORE. WE ALSO HELD FOUR IN- PERSON BREAKFAST MEETINGS FOR OUR VENDOR MEMBERS IN FEBRUARY, MAY, AUGUST, AND NOVEMBER.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 31
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05570 MURRAY AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038119
ReturnHeader/PreparerPersonGrp/PhoneNum09017555858
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CAROLYN R PUGH CPA
ReturnHeader/ReturnTs02024-11-14T15:51:03-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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