Civic Intelligence

Karat Place Inc.

990 • Fiscal year 2017 • EIN 62-1808577

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

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

80th percentile

0.13x

Higher debt load relative to assets than 80% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

85th percentile

0.15x

Higher debt load relative to revenue than 85% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

39th percentile

-0.4%

Higher net margin than 39% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

43rd percentile

-0.5%

Faster asset growth than 43% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

19th percentile

-26%

Faster revenue growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$129,194

Down $623 (-0.5%) from 2016

Net Assets

Down

$112,439

Down $417 (-0.4%) from 2016

Liabilities

Down

$16,755

Down $206 (-1.2%) from 2016

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin39th percentile

Revenue

Down

$115,069

Down $39,780 (-26%) from 2016

Expenses

Down

$115,486

Down $20,004 (-15%) from 2016

Net Income

Down

-$417

Down $19,776 (-102%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2017

Assets$129,194
Liabilities$16,755
Net Assets$112,439
Open 2017 Filing

Operations Trend

Revenue Growth19th 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

2017

Revenue$115,069
Expenses$115,486
Net Income-$417
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$115,069
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$100,445$98,252▼ $2,193
Cash and Non-Interest-Bearing Accounts$29,372$30,942▲ $1,570
Total Assets$129,817$129,194▼ $623
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,099$16,099→ $0
Accounts Payable and Accrued Expenses$862$656▼ $206
Total Liabilities$16,961$16,755▼ $206
Net Assets / Fund Balance
Unrestricted Net Assets$112,856$112,439▼ $417
Total Net Assets Fund Balance$112,856$112,439▼ $417
Total Liabilities and Net Assets / Fund Balance$129,817$129,194▼ $623

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$47,817$16,608-
Land$5,000--
Equipment$9,775--
Leasehold Improvements$35,660--
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Gerald L HuntChair
Charles D RenfroeVice Chair
Cynthia D BaskervilleBoard Member
Florida Haynes-ThomasBoard Member
Leslie BallinBoard Member
Peter AbeilBoard Member
Shilrey TimesBoard Member
Stacey R BradleyBoard Member
Tameaka Stanton-RileyBoard Member
Melvena Leake ReevesCEOExecutive Director
Carolyn FordParlimentarian
Chrystal BarcliftSecretary
Andrea T BoykinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$106,868
Program Service Revenue
$8,201
Investment Income
$0
Other Revenue
$0
All Other Contributions
$39,842
Change in Net Assets
$-417
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,715
Salaries, Compensation, and Employee Benefits$35,771
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$44,387$4,570-$48,957
Other Salaries and Wages$16,042$16,000-$32,042
Office Expenses$7,154$4,774-$11,928
Insurance$5,092$2,628-$7,720
Payroll Taxes$2,505$1,224-$3,729
Fees for Services Accounting-$3,150-$3,150
Depreciation Depletion$2,193--$2,193
Information Technology-$1,038-$1,038
Other Expenses$826--$826
Advertising$638--$638
Interest$64--$64
Total Functional Expenses$82,102$33,384$0$115,486
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
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 Reeves Exec Dir
Title
CEOExecutive D
Phone
9015254055
Signed
2018-05-15
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
3

Preparer

Firm
ME Tax Services
Address
PO Box 1414, Memphis, TN 38101
Preparer
Leslie Knighten
Phone
8706361481
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0115069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0115069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0145788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0117691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0123673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0106887
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0609108
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IRS990ScheduleA/PublicSupportCY170Pct00.42240
IRS990ScheduleA/PublicSupportPY170Pct00.53830
IRS990ScheduleA/PublicSupportTotal170Amt0257294
IRS990ScheduleA/SubstantialContributorsTotAmt0351814
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0115069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0145788
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0117691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0123673
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0106887
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0609108
IRS990ScheduleA/TotalSupportAmt0609108
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt047817
IRS990ScheduleD/BuildingsGrp/DepreciationAmt016608
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt064425
IRS990ScheduleD/EquipmentGrp/BookValueAmt09775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09775
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035660
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt035660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt098252
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0129817
IRS990/TotalAssetsEOYAmt0129194
IRS990/TotalAssetsGrp/BOYAmt0129817
IRS990/TotalAssetsGrp/EOYAmt0129194
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0106868
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033384
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt082102
IRS990/TotalFunctionalExpensesGrp/TotalAmt0115486
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016961
IRS990/TotalLiabilitiesEOYAmt016755
IRS990/TotalLiabilitiesGrp/BOYAmt016961
IRS990/TotalLiabilitiesGrp/EOYAmt016755
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112856
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0112439
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt082102
IRS990/TotalProgramServiceRevenueAmt08201
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt08201
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0115069
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129817
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0129194
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0112856
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0112439
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WebsiteAddressTxt0www.karatplace.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Melvena Reeves Exec Dir
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOExecutive D
ReturnHeader/BusinessOfficerGrp/PhoneNum09015254055
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Karat Place Inc
ReturnHeader/Filer/BusinessNameControlTxt0KARA
ReturnHeader/Filer/EIN0621808577
ReturnHeader/Filer/USAddress/AddressLine1Txt0558 Boyd St
ReturnHeader/Filer/USAddress/CityNm0Memphis
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd0381263606
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId02E96D42F3173AD7E7A0E327802FF240436B568C6
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02E96D42F3173AD7E7A0E327802FF240436B568C6
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06250062018136ozwjouz
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02018-05-16
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt069.246.1.17
ReturnHeader/FilingSecurityInformation/IPDt02018-05-16
ReturnHeader/FilingSecurityInformation/IPTm000:16:19
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0453064892
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ME Tax Services
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 1414
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Memphis
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038101
ReturnHeader/PreparerPersonGrp/PhoneNum08706361481
ReturnHeader/PreparerPersonGrp/PreparationDt02018-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Leslie Knighten
ReturnHeader/ReturnTs02018-05-16T00:13:42-04:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$129,194
Liabilities
$16,755
Net assets
$112,439
Revenue
$115,069
Expenses
$115,486
Net income
-$417
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
2017Detailed filing. Detailed filing data is available for this year.$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