Civic Intelligence

Karat Place Inc.

990 • Fiscal year 2018 • EIN 62-1808577

Jan 01, 2018 to Dec 31, 2018 • Filed on May 12, 2019

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

71st percentile

0.03x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

75th percentile

0.04x

Higher debt load relative to revenue than 75% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Net Margin

53rd percentile

4.7%

Higher net margin than 53% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Asset Growth

36th percentile

-4.8%

Faster asset growth than 36% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

39th percentile

-6.0%

Faster revenue growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$123,041

Down $6,153 (-4.8%) from 2017

Net Assets

Up

$118,798

Up $6,359 (+5.7%) from 2017

Liabilities

Down

$4,243

Down $12,512 (-75%) from 2017

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin53rd percentile

Revenue

Down

$108,180

Down $6,889 (-6.0%) from 2017

Expenses

Down

$103,126

Down $12,360 (-11%) from 2017

Net Income

Up

$5,054

Up $5,471 (+1312%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2018

Assets$123,041
Liabilities$4,243
Net Assets$118,798
Open 2018 Filing

Operations Trend

Revenue Growth39th 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

2018

Revenue$108,180
Expenses$103,126
Net Income$5,054
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 12, 2019
Return Version
2018v3.1
Gross Receipts
$108,180
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$98,252$93,867▼ $4,385
Cash and Non-Interest-Bearing Accounts$30,942$29,174▼ $1,768
Total Assets$129,194$123,041▼ $6,153
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,099$2,785▼ $13,314
Accounts Payable and Accrued Expenses$656$1,458▲ $802
Total Liabilities$16,755$4,243▼ $12,512
Net Assets / Fund Balance
Unrestricted Net Assets$112,439$118,798▲ $6,359
Total Net Assets Fund Balance$112,439$118,798▲ $6,359
Total Liabilities and Net Assets / Fund Balance$129,194$123,041▼ $6,153

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$43,432$20,993-
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
Florida Haynes-ThomasBoard Member
Shilrey TimesBoard Member
Tameaka Stanton-RileyBoard Member
Melvena Leake ReevesCEOExecutive Director
Chrystal BarcliftSecretary
Andrea T BoykinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$88,782
Program Service Revenue
$19,398
Investment Income
$0
Other Revenue
$0
All Other Contributions
$35,177
Change in Net Assets
$5,054
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$63,800
Salaries, Compensation, and Employee Benefits$39,326
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$20,540$16,000-$36,540
Occupancy$32,966$2,889-$35,855
Office Expenses$5,816$6,695-$12,511
Insurance$6,858--$6,858
Payroll Taxes$1,562$1,224-$2,786
Fees for Services Accounting-$2,525-$2,525
Depreciation Depletion$2,193--$2,193
Other Expenses$2,115--$2,115
Information Technology-$1,122-$1,122
Advertising$416--$416
Fees for Services Other$170--$170
Interest$35--$35
Total Functional Expenses$72,671$30,455$0$103,126
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
Title
CEOExecutive D
Phone
9015254055
Signed
2019-05-12
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
ME Tax Services
Address
PO Box 1414, Memphis, TN 38101
Preparer
Leslie Knighten
Phone
8706361481
Supplemental Narrative

Additional Explanations

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

“The amount on Line 9 has been added due to mortgage payments captured as an expense versus a reduction in liabilities.”

Raw XML Appendix376 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/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0656
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01458
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Housing 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.
IRS990/AdvertisingGrp/ProgramServicesAmt0416
IRS990/AdvertisingGrp/TotalAmt0416
IRS990/AllOtherContributionsAmt035177
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0Melvena Leake Reeves
IRS990/BooksInCareOfDetail/PhoneNum09015254055
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt04632 Honeysuckle Lane
IRS990/BooksInCareOfDetail/USAddress/CityNm0Memphis
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038109
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt030942
IRS990/CashNonInterestBearingGrp/EOYAmt029174
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt088782
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt063800
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt019398
IRS990/CYRevenuesLessExpensesAmt05054
IRS990/CYSalariesCompEmpBnftPaidAmt039326
IRS990/CYTotalExpensesAmt0103126
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0108180
IRS990/DAFExcessBusinessHoldingsInd0false
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt02193
IRS990/DepreciationDepletionGrp/TotalAmt02193
IRS990/Desc0Transitional housing for ex-offender women and their rehabilitation
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DistributionToDonorInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt072671
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FederatedCampaignsAmt0319
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02525
IRS990/FeesForServicesAccountingGrp/TotalAmt02525
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0170
IRS990/FeesForServicesOtherGrp/TotalAmt0170
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt740.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
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/PersonNm0Charles D Renfroe
IRS990/Form990PartVIISectionAGrp/PersonNm1Gerald L Hunt
IRS990/Form990PartVIISectionAGrp/PersonNm2Andrea T Boykins
IRS990/Form990PartVIISectionAGrp/PersonNm3Tameaka Stanton-Riley
IRS990/Form990PartVIISectionAGrp/PersonNm4Chrystal Barclift
IRS990/Form990PartVIISectionAGrp/PersonNm5Florida Haynes-Thomas
IRS990/Form990PartVIISectionAGrp/PersonNm6Shilrey Times
IRS990/Form990PartVIISectionAGrp/PersonNm7Melvena Leake Reeves
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt1Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7CEOExecutive Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt053286
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0108180
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01122
IRS990/InformationTechnologyGrp/TotalAmt01122
IRS990/InsuranceGrp/ProgramServicesAmt06858
IRS990/InsuranceGrp/TotalAmt06858
IRS990/InterestGrp/ProgramServicesAmt035
IRS990/InterestGrp/TotalAmt035
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt020993
IRS990/LandBldgEquipBasisNetGrp/BOYAmt098252
IRS990/LandBldgEquipBasisNetGrp/EOYAmt093867
IRS990/LandBldgEquipCostOrOtherBssAmt0114860
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Housing 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016099
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt02785
IRS990/NetAssetsOrFundBalancesBOYAmt0112439
IRS990/NetAssetsOrFundBalancesEOYAmt0118798
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt09611
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt02889
IRS990/OccupancyGrp/ProgramServicesAmt032966
IRS990/OccupancyGrp/TotalAmt035855
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06695
IRS990/OfficeExpensesGrp/ProgramServicesAmt05816
IRS990/OfficeExpensesGrp/TotalAmt012511
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt01305
IRS990/OtherExpensesGrp/Desc0AutomobileTransportation
IRS990/OtherExpensesGrp/ProgramServicesAmt02115
IRS990/OtherExpensesGrp/TotalAmt02115
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt020540
IRS990/OtherSalariesAndWagesGrp/TotalAmt036540
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01224
IRS990/PayrollTaxesGrp/ProgramServicesAmt01562
IRS990/PayrollTaxesGrp/TotalAmt02786
IRS990/PoliticalCampaignActyInd0false
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0Program Service Fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019398
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019398
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0106868
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt079715
IRS990/PYProgramServiceRevenueAmt08201
IRS990/PYRevenuesLessExpensesAmt0-417
IRS990/PYSalariesCompEmpBnftPaidAmt035771
IRS990/PYTotalExpensesAmt0115486
IRS990/PYTotalRevenueAmt0115069
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt05054
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0108180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0108180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0115069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0145788
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0117691
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0123673
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0610401
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.63960
IRS990ScheduleA/PublicSupportPY170Pct00.42240
IRS990ScheduleA/PublicSupportTotal170Amt0390427
IRS990ScheduleA/SubstantialContributorsTotAmt0219974
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0108180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0115069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0145788
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0117691
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0123673
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0610401
IRS990ScheduleA/TotalSupportAmt0610401
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt043432
IRS990ScheduleD/BuildingsGrp/DepreciationAmt020993
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt064425
IRS990ScheduleD/EquipmentGrp/BookValueAmt09775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09775
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035660
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt035660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt093867
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/ExplanationTxt7The amount on Line 9 has been added due to mortgage payments captured as an expense versus a reduction in liabilities.
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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0129194
IRS990/TotalAssetsEOYAmt0123041
IRS990/TotalAssetsGrp/BOYAmt0129194
IRS990/TotalAssetsGrp/EOYAmt0123041
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt088782
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt030455
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072671
IRS990/TotalFunctionalExpensesGrp/TotalAmt0103126
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt016755
IRS990/TotalLiabilitiesEOYAmt04243
IRS990/TotalLiabilitiesGrp/BOYAmt016755
IRS990/TotalLiabilitiesGrp/EOYAmt04243
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0112439
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0118798
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt072671
IRS990/TotalProgramServiceRevenueAmt019398
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt019398
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0108180
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0129194
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0123041
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0112439
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0118798
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.karatplace.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Melvena Reeves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOExecutive D
ReturnHeader/BusinessOfficerGrp/PhoneNum09015254055
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-12
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/AtSubmissionCreationDeviceId0467CCE8924803425CFF75B3172D1EC56CCA79874
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0467CCE8924803425CFF75B3172D1EC56CCA79874
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06250062019135ovagwz2
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02019-05-15
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt098.239.61.40
ReturnHeader/FilingSecurityInformation/IPDt02019-05-15
ReturnHeader/FilingSecurityInformation/IPTm020:27:39
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/PreparationDt02019-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Leslie Knighten
ReturnHeader/ReturnTs02019-05-15T20:26:30-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$123,041
Liabilities
$4,243
Net assets
$118,798
Revenue
$108,180
Expenses
$103,126
Net income
$5,054
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
2018Detailed filing. Detailed filing data is available for this year.$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