Civic Intelligence

Karat Place Inc.

990 • Fiscal year 2019 • EIN 62-1808577

Jan 01, 2019 to Dec 31, 2019 • Filed on May 14, 2020

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

67th percentile

0.02x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

68th percentile

0.01x

Higher debt load relative to revenue than 68% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

52nd percentile

4.1%

Higher net margin than 52% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

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

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

51st percentile

2.5%

Faster asset growth than 51% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

40%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$126,056

Up $3,015 (+2.5%) from 2018

Net Assets

Up

$123,928

Up $5,130 (+4.3%) from 2018

Liabilities

Down

$2,128

Down $2,115 (-50%) from 2018

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin52nd percentile

Revenue

Up

$151,679

Up $43,499 (+40%) from 2018

Expenses

Up

$145,494

Up $42,368 (+41%) from 2018

Net Income

Up

$6,185

Up $1,131 (+22%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2019

Assets$126,056
Liabilities$2,128
Net Assets$123,928
Open 2019 Filing

Operations Trend

Revenue Growth83rd 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

2019

Revenue$151,679
Expenses$145,494
Net Income$6,185
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 14, 2020
Return Version
2019v5.1
Gross Receipts
$151,679
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$93,867$91,674▼ $2,193
Cash and Non-Interest-Bearing Accounts$29,174$34,382▲ $5,208
Total Assets$123,041$126,056▲ $3,015
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,785--
Accounts Payable and Accrued Expenses$1,458$2,128▲ $670
Total Liabilities$4,243$2,128▼ $2,115
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$118,798$123,928▲ $5,130
Total Net Assets Fund Balance$118,798$123,928▲ $5,130
Total Liabilities and Net Assets / Fund Balance$123,041$126,056▲ $3,015

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,239$23,186-
Land$5,000--
Equipment$9,775--
Leasehold Improvements$35,660--
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
Gerald L HuntChair
Charles D RenfroeVice Chair
Djuana E JonesBoard Member
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
$118,630
Program Service Revenue
$33,049
Investment Income
$0
Other Revenue
$0
All Other Contributions
$38,051
Change in Net Assets
$6,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,955
Salaries, Compensation, and Employee Benefits$66,539
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,278$16,000-$61,278
Occupancy$55,916--$55,916
Insurance$7,577--$7,577
Office Expenses-$7,150-$7,150
Payroll Taxes$4,037$1,224-$5,261
Fees for Services Accounting-$2,675-$2,675
Depreciation Depletion$2,193--$2,193
Information Technology-$1,276-$1,276
Advertising$72--$72
Other Expenses$50--$50
Total Functional Expenses$117,169$28,325$0$145,494
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
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

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
CEOExecutive D
Phone
9015254055
Signed
2020-05-14
Discuss with paid preparer
No

Organization Details

Formed
1999
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
3

Preparer

Firm
Baker Enterprise Inc
Address
PO Box 38021, Germantown, TN 38138-0021
Preparer
Leslie Knighten
Phone
9014138249
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”

Raw XML Appendix390 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.

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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt041239
IRS990ScheduleD/BuildingsGrp/DepreciationAmt023186
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt064425
IRS990ScheduleD/EquipmentGrp/BookValueAmt09775
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt09775
IRS990ScheduleD/LandGrp/BookValueAmt05000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt05000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt035660
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt035660
IRS990ScheduleD/TotalBookValueLandBuildingsAmt091674
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
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
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0126056
IRS990/TotalAssetsGrp/BOYAmt0123041
IRS990/TotalAssetsGrp/EOYAmt0126056
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0118630
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt028325
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0117169
IRS990/TotalFunctionalExpensesGrp/TotalAmt0145494
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04243
IRS990/TotalLiabilitiesEOYAmt02128
IRS990/TotalLiabilitiesGrp/BOYAmt04243
IRS990/TotalLiabilitiesGrp/EOYAmt02128
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0118798
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0123928
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0117169
IRS990/TotalProgramServiceRevenueAmt033049
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt033049
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0151679
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0123041
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0126056
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IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0www.karatplace.org
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02020-11-06 18:47:13Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Melvena Leake Reeves
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEOExecutive D
ReturnHeader/BusinessOfficerGrp/PhoneNum09015254055
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
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/AtSubmissionCreationDeviceId0E42BBE0FBD3E080392522EA7657D1C71F08DD2E3
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0E42BBE0FBD3E080392522EA7657D1C71F08DD2E3
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId06217272020189douatzd
ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt02020-07-07
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt075.40.169.212
ReturnHeader/FilingSecurityInformation/IPDt02020-07-07
ReturnHeader/FilingSecurityInformation/IPTm023:14:41
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0832969080
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Baker Enterprise Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO Box 38021
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Germantown
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0381380021
ReturnHeader/PreparerPersonGrp/PhoneNum09014138249
ReturnHeader/PreparerPersonGrp/PreparationDt02020-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Leslie Knighten
ReturnHeader/ReturnTs02020-07-07T21:34:52-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$126,056
Liabilities
$2,128
Net assets
$123,928
Revenue
$151,679
Expenses
$145,494
Net income
$6,185
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
2019Detailed filing. Detailed filing data is available for this year.$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