Civic Intelligence

Karat Place Inc.

990 • Fiscal year 2014 • EIN 62-1808577

Jan 01, 2014 to Dec 31, 2014 • Filed on Mar 02, 2015

Organization Profilewww.karatplace.org
558 Boyd StMemphis, TN 38126-3606

(901) 525-4055

Siviq Scores

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

Liabilities / Assets

86th percentile

0.33x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

0.34x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

19th percentile

-14%

Higher net margin than 19% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

81st percentile

$15,780

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 13.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

22nd percentile

-17%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

66th percentile

14%

Faster revenue growth than 66% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$125,350

Down $24,859 (-17%) from 2013

Net Assets

Down

$83,598

Down $21,316 (-20%) from 2013

Liabilities

Down

$41,752

Down $3,543 (-7.8%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin19th percentile

Revenue

Up

$121,319

Up $14,432 (+14%) from 2013

Expenses

Up

$138,498

Up $55,527 (+67%) from 2013

Net Income

Down

-$17,179

Down $41,095 (-172%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth22nd percentile

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

$200K$150K$100K$50K$0Assets 2011: $125,741Liabilities 2011: $69,448Net Assets 2011: $56,2932011Assets 2012: $151,854Liabilities 2012: $60,633Net Assets 2012: $91,2212012Assets 2013: $150,209Liabilities 2013: $45,295Net Assets 2013: $104,9142013Assets 2014: $125,350Liabilities 2014: $41,752Net Assets 2014: $83,5982014Assets 2015: $121,191Liabilities 2015: $44,677Net Assets 2015: $76,5142015Assets 2016: $129,817Liabilities 2016: $16,961Net Assets 2016: $112,8562016Assets 2017: $129,194Liabilities 2017: $16,755Net Assets 2017: $112,4392017Assets 2018: $123,041Liabilities 2018: $4,243Net Assets 2018: $118,7982018Assets 2019: $126,056Liabilities 2019: $2,128Net Assets 2019: $123,9282019Assets 2020: $110,902Liabilities 2020: $1,424Net Assets 2020: $109,4782020Assets 2021: $104,939Liabilities 2021: $10,267Net Assets 2021: $94,6722021Assets 2022: $85,051Liabilities 2022: $3,173Net Assets 2022: $81,8782022Assets 2023: $80,240Liabilities 2023: $5,344Net Assets 2023: $74,8962023Assets 2024: $77,664Liabilities 2024: $14,970Net Assets 2024: $62,6942024

Highlighted filing

2014

Assets$125,350
Liabilities$41,752
Net Assets$83,598
Open 2014 Filing

Operations Trend

Revenue Growth66th percentile

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $132,749Expenses 2011: $123,340Net Income 2011: $9,4092011Revenue 2012: $132,703Expenses 2012: $97,775Net Income 2012: $34,9282012Revenue 2013: $106,887Expenses 2013: $82,971Net Income 2013: $23,9162013Revenue 2014: $121,319Expenses 2014: $138,498Net Income 2014: -$17,1792014Revenue 2015: $117,691Expenses 2015: $124,775Net Income 2015: -$7,0842015Revenue 2016: $154,849Expenses 2016: $135,490Net Income 2016: $19,3592016Revenue 2017: $115,069Expenses 2017: $115,486Net Income 2017: -$4172017Revenue 2018: $108,180Expenses 2018: $103,126Net Income 2018: $5,0542018Revenue 2019: $151,679Expenses 2019: $145,494Net Income 2019: $6,1852019Revenue 2020: $131,235Expenses 2020: $145,685Net Income 2020: -$14,4502020Revenue 2021: $143,982Expenses 2021: $158,788Net Income 2021: -$14,8062021Revenue 2022: $155,838Expenses 2022: $168,626Net Income 2022: -$12,7882022Revenue 2023: $145,983Expenses 2023: $145,526Net Income 2023: $4572023Revenue 2024: $112,874Expenses 2024: $125,155Net Income 2024: -$12,2812024

Highlighted filing

2014

Revenue$121,319
Expenses$138,498
Net Income-$17,179
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 2, 2015
Return Version
2014v5.0
Gross Receipts
$121,319
Mission and Program Overview

Mission

Housing for ex-offender women - To rehabilitate the women to reduce recidivism in the Greater Memphis. Through a better standard of living in transitional housing and various programming geared to empower these women to be contributing citizens.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$103,321$102,638▼ $683
Cash and Non-Interest-Bearing Accounts$46,888$22,712▼ $24,176
Total Assets$150,209$125,350▼ $24,859
Liabilities
Mortgage Notes Payable Secured by Investment Property$45,295$43,887▼ $1,408
Accounts Payable and Accrued Expenses-$-402-
Other Liabilities-$-1,733-
Total Liabilities$45,295$41,752▼ $3,543
Net Assets / Fund Balance
Unrestricted Net Assets$104,914$83,598▼ $21,316
Total Net Assets Fund Balance$104,914$83,598▼ $21,316
Total Liabilities and Net Assets / Fund Balance$150,209$125,350▼ $24,859

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$52,203$12,222-
Other Land Buildings-$25,000-
Land$5,000--
Equipment$9,775--
Leasehold Improvements$35,660--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Melvena Leake ReevesPresidentFT$15,780$15,780

Board Members and Trustees

NameTitle
Andrea BoykinsBoard
Chrystal BarcliftBoard
Cynthia BaskervilleBoard
Diana VeazeyBoard
Florida Haynes-ThomasBoard
Georgia SmithBoard
Gerald HuntBoard
Jo Schaffer BuehlerBoard
Kathryn GibsonBoard
Leslie BallinBoard
Nidia LoganBoard
Paula HuntsponBoard
Stacey BradleyBoard
Peter D AbellBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$117,659
Program Service Revenue
$3,660
Investment Income
$0
Other Revenue
$0
All Other Contributions
$112,395
Change in Net Assets
$-17,179
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,141
Salaries, Compensation, and Employee Benefits$60,357
Total Fundraising Expense$3,323
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$44,577$15,780-$60,357
Occupancy$38,820--$38,820
Office Expenses-$13,487-$13,487
Insurance$8,729--$8,729
Fees for Services Accounting-$4,650-$4,650
Other Expenses$3,918-$3,323$3,323
Depreciation Depletion$2,193--$2,193
Advertising$1,746--$1,746
Information Technology-$1,275-$1,275
Total Functional Expenses$99,983$35,192$3,323$138,498
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
Federal Taxes$-1,733
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 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

Governing body meeting documentation Part VI line 8A

“Minutes are recorded by secretary at each meeting Most meetings were documented”

Committee meeting documentation Part VI line 8B

“No committee grant permission”

Form 990 governing body review Part VI line 11

“A copy of Form 990 is forwarded to the Executive Director for Board review”

Conflict of interest policy compliance Part VI line 12C

“Each year board members sign a committment agreement and conflict of interest statement”

CEO executive director top management comp Part VI line 15A

“The Executive Director compensation requires Board approval”

Other officer or key employee compensation Part VI line 15B

“The Board, as a group, makes decision on the hiring of key employees”

Governing documents etc available to public Part VI line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Karat Place Inc
EIN
62-1808577
Address
558 Boyd St, Memphis, TN 38126-3606

Signing Officer

Name
Melvena Leake Reeves
Title
President
Phone
9015254055
Signed
2015-03-02
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
Tn
Voting Board Members
10
Independent Board Members
10
Employees
3

Preparer

Firm
ME Tax Services
Address
3681 Summer Avenue, Memphis, TN 38122
Preparer
Leslie Knighten
Phone
9014356154
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Like-kind exchanges”

List of other fees for services expenses Part IX line 11G

“Monitoring expenses”

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IRS990/OtherExpensesGrp/TotalAmt13323
IRS990/OtherLiabilitiesGrp/EOYAmt0-1733
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PriorPeriodAdjustmentsAmt0-4137
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Tenant Contributions
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03660
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03660
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0103717
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt052768
IRS990/PYProgramServiceRevenueAmt03170
IRS990/PYRevenuesLessExpensesAmt023916
IRS990/PYSalariesCompEmpBnftPaidAmt030203
IRS990/PYTotalExpensesAmt082971
IRS990/PYTotalRevenueAmt0106887
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-17179
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0121319
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0123673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0106887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0132703
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0143170
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt090734
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0597167
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.80440
IRS990ScheduleA/PublicSupportPY170Pct00.92160
IRS990ScheduleA/PublicSupportTotal170Amt0480374
IRS990ScheduleA/SubstantialContributorsTotAmt0116793
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0123673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0106887
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0132703
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0143170
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt090734
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0597167
IRS990ScheduleA/TotalSupportAmt0597167
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt052203
IRS990ScheduleD/BuildingsGrp/DepreciationAmt012222
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt064425
IRS990ScheduleD/EquipmentGrp/BookValueAmt09775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09775
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035660
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt035660
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt025000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-1733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal Taxes
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0102638
IRS990ScheduleD/TotalLiabilityAmt0-1733
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Minutes are recorded by secretary at each meeting Most meetings were documented
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No committee grant permission
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of Form 990 is forwarded to the Executive Director for Board review
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Each year board members sign a committment agreement and conflict of interest statement
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Executive Director compensation requires Board approval
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board, as a group, makes decision on the hiring of key employees
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Like-kind exchanges
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Monitoring expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Governing body meeting documentation Part VI line 8a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Explanation of other changes in net assets or fund balances Part XI line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8List of other fees for services expenses Part IX line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0150209
IRS990/TotalAssetsEOYAmt0125350
IRS990/TotalAssetsGrp/BOYAmt0150209
IRS990/TotalAssetsGrp/EOYAmt0125350
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0117659
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt03323
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt035192
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt099983
IRS990/TotalFunctionalExpensesGrp/TotalAmt0138498
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt045295
IRS990/TotalLiabilitiesEOYAmt041752
IRS990/TotalLiabilitiesGrp/BOYAmt045295
IRS990/TotalLiabilitiesGrp/EOYAmt041752
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0104914
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt083598
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt099983
IRS990/TotalProgramServiceRevenueAmt03660
IRS990/TotalReportableCompFromOrgAmt015780
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03660
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0121319
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0150209
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0125350
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0104914
IRS990/UnrestrictedNetAssetsGrp/EOYAmt083598
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0www.karatplace.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-02-25 16:41:14Z

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$125,350
Liabilities
$41,752
Net assets
$83,598
Revenue
$121,319
Expenses
$138,498
Net income
-$17,179
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.78$0.15$0.63$1.13$1.25$0.12
2023Summary only. Only limited summary data is available for this year.$0.80$0.05$0.75$1.46$1.46$0.00
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.85$0.03$0.82$1.56$1.69$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.05$0.10$0.95$1.44$1.59$0.15
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.11$0.01$1.09$1.31$1.46$0.14
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.26$0.02$1.24$1.52$1.45$0.06
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.04$1.19$1.08$1.03$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.29$0.17$1.12$1.15$1.15$0.00
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.17$1.13$1.55$1.35$0.19
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.45$0.77$1.18$1.25$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.25$0.42$0.84$1.21$1.38$0.17
2013Detailed filing. Detailed filing data is available for this year.$1.50$0.45$1.05$1.07$0.83$0.24
2012Summary only. Only limited summary data is available for this year.$1.52$0.61$0.91$1.33$0.98$0.35
2011Summary only. Only limited summary data is available for this year.$1.26$0.69$0.56$1.33$1.23$0.09