Civic Intelligence

Karamu Nutrition Program Inc

990 • Fiscal year 2020 • EIN 62-1510796

Oct 01, 2019 to Sep 30, 2020 • Filed on Feb 09, 2021

2670 Union Ave Extd 900Memphis, TN 38112

(901) 327-8401

Siviq Scores

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

Liabilities / Assets

87th percentile

0.81x

Higher debt load relative to assets than 87% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

34th percentile

0.12x

Higher debt load relative to revenue than 34% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

39th percentile

0.7%

Higher net margin than 39% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

39th percentile

$99,000

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

70th percentile

17%

Faster asset growth than 70% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

22nd percentile

-16%

Faster revenue growth than 22% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$892,299

Up $127,350 (+17%) from 2019

Net Assets

Up

$165,633

Up $44,265 (+36%) from 2019

Liabilities

Up

$726,666

Up $83,085 (+13%) from 2019

Revenue

Down

$6,293,103

Down $1,235,247 (-16%) from 2019

Expenses

Down

$6,248,838

Down $1,345,127 (-18%) from 2019

Net Income

Up

$44,265

Up $109,880 (+167%) from 2019

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $676,745Liabilities 2011: $451,947Net Assets 2011: $224,7982011Assets 2012: $611,531Liabilities 2012: $424,659Net Assets 2012: $186,8722012Assets 2013: $602,711Liabilities 2013: $430,372Net Assets 2013: $172,3392013Assets 2014: $645,248Liabilities 2014: $447,661Net Assets 2014: $197,5872014Assets 2015: $613,611Liabilities 2015: $407,783Net Assets 2015: $205,8282015Assets 2016: $756,922Liabilities 2016: $558,402Net Assets 2016: $198,5202016Assets 2017: $755,860Liabilities 2017: $516,068Net Assets 2017: $239,7922017Assets 2018: $878,637Liabilities 2018: $691,654Net Assets 2018: $186,9832018Assets 2019: $764,949Liabilities 2019: $643,581Net Assets 2019: $121,3682019Assets 2020: $892,299Liabilities 2020: $726,666Net Assets 2020: $165,6332020Assets 2021: $953,103Liabilities 2021: $701,070Net Assets 2021: $252,0332021Assets 2022: $1,039,726Liabilities 2022: $663,304Net Assets 2022: $376,4222022Assets 2023: $1,143,739Liabilities 2023: $824,248Net Assets 2023: $319,4912023Assets 2024: $1,153,612Liabilities 2024: $845,591Net Assets 2024: $308,0212024

Highlighted filing

2020

Assets$892,299
Liabilities$726,666
Net Assets$165,633

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $5,625,324Expenses 2011: $5,596,724Net Income 2011: $28,6002011Expenses 2012: $6,022,5082012Expenses 2013: $6,244,0592013Revenue 2014: $6,168,963Expenses 2014: $6,143,715Net Income 2014: $25,2482014Revenue 2015: $5,834,885Expenses 2015: $5,826,644Net Income 2015: $8,2412015Revenue 2016: $6,762,433Expenses 2016: $6,769,741Net Income 2016: -$7,3082016Revenue 2017: $7,213,266Expenses 2017: $7,171,994Net Income 2017: $41,2722017Revenue 2018: $7,636,628Expenses 2018: $7,689,437Net Income 2018: -$52,8092018Revenue 2019: $7,528,350Expenses 2019: $7,593,965Net Income 2019: -$65,6152019Revenue 2020: $6,293,103Expenses 2020: $6,248,838Net Income 2020: $44,2652020Revenue 2021: $7,053,466Expenses 2021: $6,967,066Net Income 2021: $86,4002021Revenue 2022: $7,417,091Expenses 2022: $7,292,702Net Income 2022: $124,3892022Revenue 2023: $7,867,353Expenses 2023: $7,924,284Net Income 2023: -$56,9312023Revenue 2024: $8,590,273Expenses 2024: $8,601,743Net Income 2024: -$11,4702024

Highlighted filing

2020

Revenue$6,293,103
Expenses$6,248,838
Net Income$44,265
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Feb 9, 2021
Return Version
2019v5.2
Gross Receipts
$6,293,103
Mission and Program Overview

Mission

To provide low cost, high quality value added services to cacfp organizations. Sponsorship to usda cacfp which provides nutritious foods contributing to the wellness, healthy growth, and development of young children.

To provide reimbursement for child and adult care food program claims.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$623,242$606,552▼ $16,690
Cash and Non-Interest-Bearing Accounts$97,955$242,567▲ $144,612
Land, Buildings, and Equipment, Net$32,472$31,900▼ $572
Accounts Receivable$3,506$3,506→ $0
Total Assets$764,949$892,299▲ $127,350
Other Assets Total$7,774$7,774→ $0
Liabilities
Accounts Payable and Accrued Expenses$589,162$573,062▼ $16,100
Unsecured Notes Loans Payable-$101,900-
Other Liabilities$54,419$51,704▼ $2,715
Total Liabilities$643,581$726,666▲ $83,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$121,368$165,633▲ $44,265
Total Net Assets Fund Balance$121,368$165,633▲ $44,265
Total Liabilities and Net Assets / Fund Balance$764,949$892,299▲ $127,350

Asset Categories

AssetBook ValueDepreciationBasis
Land$31,900-$31,900
Equipment$0$4,326$4,326
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dr Vera Corley-simsExecutive DirectorFT$99,000$99,000
Tony L CorleyPresidentFT$55,008$55,008

Board Members and Trustees

NameTitle
Tyrone BennettChairman
Charles TaylorDirector
Earl JohnsonDirector
Shasta BlueDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$22,800
Program Service Revenue
$6,270,303
Investment Income
$0
Other Revenue
$0
All Other Contributions
$22,800
Change in Net Assets
$44,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,293,103
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,293,103
Total Revenue per Form 990
$6,293,103
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,491,920
Salaries, Compensation, and Employee Benefits$513,913
Other Expenses$243,005
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$5,491,920--$5,491,920
Other Salaries and Wages$280,791$40,305-$321,096
Current Officers, Directors, Trustees, and Key Employees$154,008--$154,008
Occupancy$52,557$11,314-$63,871
Payroll Taxes$33,225$3,080-$36,305
Other Expenses$11,559$2,488-$14,047
Travel$10,127$2,180-$12,307
Fees for Services Legal-$10,217-$10,217
Fees for Services Accounting-$7,275-$7,275
Insurance-$4,118-$4,118
Other Employee Benefits$2,292$212-$2,504
Total Functional Expenses$6,144,171$104,667$0$6,248,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,248,838
Total Expenses per Audited Statements$6,248,838
Total Expenses per Form 990$6,248,838
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Unemployment Self-insurance Payable$51,704
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

The executive director is a parent to the president, and a sibling to a board member.

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

The board reviews the form 990 before filing

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

Annual reporting required on any conflict of interest

Form 990, Part VI, Section B, Line 15

Uses naics and standard occupational classification codes to determine allowable pay scales for all positions.

Form 990, Part VI, Section C, Line 19

Upon request and at nonprofit offices

Filing and Contact Details

Filer

Filer Name
Karamu Nutrition Program Inc
EIN
62-1510796
Phone
9013278401
Address
2670 UNION AVE EXTD 900, MEMPHIS, TN 38112

Signing Officer

Name
Tony L Corley
Title
President
Phone
9013278401
Signed
2021-02-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tony L Corley
Formed
1992
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
4
Employees
15
Volunteers
0

Preparer

Firm
Frazee Ivy Davis Plc
Address
5100 POPLAR AVE STE 1400, MEMPHIS, TN 38137-1499
Preparer
J Slater Smithers CPA
Phone
9016851040
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04326
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04326
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06248838
IRS990ScheduleD/LandGrp/BookValueAmt031900
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051704
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0UNEMPLOYMENT SELF-INSURANCE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06293103
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031900
IRS990ScheduleD/TotalExpensesPerForm990Amt06248838
IRS990ScheduleD/TotalLiabilityAmt051704
IRS990ScheduleD/TotalRevenuePerForm990Amt06293103
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06293103
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06248838
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt04073017
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt11418903
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CENTERS - AWARDS AND ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1HOMES - AWARDS AND ASSISTANCE
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE DIRECTOR IS A PARENT TO THE PRESIDENT, AND A SIBLING TO A BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS THE FORM 990 BEFORE FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL REPORTING REQUIRED ON ANY CONFLICT OF INTEREST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3USES NAICS AND STANDARD OCCUPATIONAL CLASSIFICATION CODES TO DETERMINE ALLOWABLE PAY SCALES FOR ALL POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UPON REQUEST AND AT NONPROFIT OFFICES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 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
IRS990/TotalAssetsBOYAmt0764949
IRS990/TotalAssetsEOYAmt0892299
IRS990/TotalAssetsGrp/BOYAmt0764949
IRS990/TotalAssetsGrp/EOYAmt0892299
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt022800
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0104667
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06144171
IRS990/TotalFunctionalExpensesGrp/TotalAmt06248838
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0643581
IRS990/TotalLiabilitiesEOYAmt0726666
IRS990/TotalLiabilitiesGrp/BOYAmt0643581
IRS990/TotalLiabilitiesGrp/EOYAmt0726666
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0121368
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0165633
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt06144171
IRS990/TotalProgramServiceRevenueAmt06270303
IRS990/TotalReportableCompFromOrgAmt0154008
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06270303
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt06293103
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0764949
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0892299
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt02180
IRS990/TravelGrp/ProgramServicesAmt010127
IRS990/TravelGrp/TotalAmt012307
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0101900
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02670 UNION AVE EXTD 900
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038112
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0WWW.KARAMU.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0TONY L CORLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09013278401
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KARAMU NUTRITION PROGRAM INC
ReturnHeader/Filer/BusinessNameControlTxt0KARA
ReturnHeader/Filer/EIN0621510796
ReturnHeader/Filer/PhoneNum09013278401
ReturnHeader/Filer/USAddress/AddressLine1Txt02670 UNION AVE EXTD 900
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0205556145
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0FRAZEE IVY DAVIS PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05100 POPLAR AVE STE 1400
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381371499
ReturnHeader/PreparerPersonGrp/PhoneNum09016851040
ReturnHeader/PreparerPersonGrp/PreparationDt02021-02-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0J SLATER SMITHERS CPA
ReturnHeader/ReturnTs02021-02-19T13:49:08-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-10-01
ReturnHeader/TaxPeriodEndDt02020-09-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.15$0.85$0.31$8.59$8.60$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.14$0.82$0.32$7.87$7.92$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.66$0.38$7.42$7.29$0.12
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.70$0.25$7.05$6.97$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.89$0.73$0.17$6.29$6.25$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.76$0.64$0.12$7.53$7.59$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.88$0.69$0.19$7.64$7.69$0.05
2017Detailed filing. Detailed filing data is available for this year.$0.76$0.52$0.24$7.21$7.17$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.56$0.20$6.76$6.77$0.01
2015Summary only. Only limited summary data is available for this year.$0.61$0.41$0.21$5.83$5.83$0.01
2014Summary only. Only limited summary data is available for this year.$0.65$0.45$0.20$6.17$6.14$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.43$0.17$6.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.42$0.19$6.02
2011Summary only. Only limited summary data is available for this year.$0.68$0.45$0.22$5.63$5.60$0.03