Liabilities / Assets
53rd percentile
Higher debt load relative to assets than 53% of similar nonprofits.
Memphis Investors Group Inc
EIN 62-1862666 • 501(c)6 • Memphis, TN
Profile
Mig exists to serve the memphis-area real estate investment community. Our mission is to provide our members the education, training, motivation, and networking opportunities that will further the ethical investment in real estate.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
56th percentile
Higher debt load relative to revenue than 56% of similar nonprofits.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
91st percentile
Higher top officer pay than 91% of similar nonprofits.
Top officer pay equals 59.8% of source-year revenue.
Asset Growth
29th percentile
Faster asset growth than 29% of similar nonprofits.
Revenue Growth
38th percentile
Faster revenue growth than 38% of similar nonprofits.
Balance Sheet
Assets
Down$159,141
Down $33,257 (-17%) from 2024
Liabilities
Down$569
Down $1,994 (-78%) from 2024
Net Assets
Down$158,572
Down $31,263 (-16%) from 2024
Revenue
Down$101,507
Down $8,779 (-8.0%) from 2024
Expenses
Down$132,770
Down $11,719 (-8.1%) from 2024
Net Income
Up-$31,263
Up $2,940 (+8.6%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $159,141
- Liabilities
- $569
- Net assets
- $158,572
- Revenue
- $101,507
- Expenses
- $132,770
- Net income
- -$31,263
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2025 to Dec 31, 2025
- Signed
- Feb 9, 2026
- Return Version
- 2025v4.0
- Gross Receipts
- $107,118
Mission and Program Overview
Mission
See Schedule O
Program Services
| Description | Grants | Expenses |
|---|---|---|
| See Schedule O | - | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Linda Saunders | Operations Manager | FT | $60,655 | - | $60,655 |
| David Hutson | Past President | - | $0 | - | - |
| Foti Karastamatis | President | PT | $0 | - | - |
| Walter Jones | Board Member | - | $0 | - | - |
| Fong Lum | Board Member | - | $0 | - | - |
| Ally Brents | Secretary | PT | $0 | - | - |
| Dustin Asher | Vice President | PT | $0 | - | - |
| Jim Trimble | Board Member | - | $0 | - | - |
| Kevin McDonell | Treasurer | PT | $0 | - | - |
| Trevor Day | Board Member | - | $0 | - | - |
| Kathy Sawyer | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Memphis Investors Group Inc
- EIN
- 62-1862666
- In Care Of
- % Foti Karastamatis
- Phone
- 9013006577
- Address
- 4728 Spottswood Ave Box 289, Memphis, TN 38117-4817
Signing Officer
- Name
- Foti Karastamatis
- Title
- President
- Phone
- 9013614369
- Signed
- 2026-02-09
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Matt Weaver CPA
- Address
- 4317 Burgundy Rd, Memphis, TN 38111
- Preparer
- J Matthew Weaver
- Phone
- 9013550504
Supplemental Narrative
Additional Explanations
List of grants and similar amounts paid Part I line 10
“Activity Form 990-EZ, Part I, Line 10 - Payments to AffiliaGrantee NREIA Street 2755 Mansion Place City, State, Zip Crestview Hills, KY 41017Amount 5,000”
Description of other expenses Part I line 16
“Description AmountDepreciation from 4562 339Member Marketing & Promotion 2,122Office Supplies & Equipment 437Internet & Software 1,012Conf. Travel, Meals, & Lodging 3,285Meeting Food & Supplies 11,390Insurance Expense 459Credit Card Processing 2,135Database Management Fee 1,431Payroll Taxes 4,702Taxes & Permits etc. 20”
Description of other assets Part II line 24
“Category Beginning of Year End of YearFF&E - Net 508 169Prepaid Expenses 155 155”
Description of total liabilities Part II line 26
“Category Beginning of Year End of YearSales Tax & Other Payables 2,563 0Credit Cards 0 569”
Part III response or note to any other line in Part III
“Form 990-EZ, Part III - Primary Exempt Purpose MIG exists to serve the Memphis-area real estate investment community. Our mission is to provide our members the education, training, motivation, and networking opportunities that will further their ethical investment in real estate, enabling them to make a positive difference in their communities and society at large. Form 990-EZ, Part III, Line 28 - First Accomplishment We provide our members with the education, training, motivation, and networking opportunities to further their real estate investing. Approximately 205 members and many non-members benefit during the year from our many programs, resources, and networking events.”
Raw XML Appendix169 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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|---|---|---|
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| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | Matt Weaver CPA |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9013550504 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4317 Burgundy Road |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | Memphis |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38111 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 191735 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 158817 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 5611 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -31263 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 14100 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 192398 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 159141 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 5000 |
| IRS990EZ/GrossProfitLossSlsOfInvntryAmt | 0 | 4950 |
| IRS990EZ/GrossReceiptsAmt | 0 | 107118 |
| IRS990EZ/GrossSalesOfInventoryAmt | 0 | 10561 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 5515 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 0 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 0 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MembershipDuesAmt | 0 | 57962 |
| IRS990EZ/MethodOfAccountingOtherDesc | 0 | Modified Cash |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 189835 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 158572 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 189835 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 158572 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 25426 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 5.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 9 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 10 | 4.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 60655 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 10 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt | 10 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 10 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | David Hutson |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | Foti Karastamatis |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | Walter Jones |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | Fong Lum |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | Ally Brents |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | Dustin Asher |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | Jim Trimble |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | Kevin McDonell |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | Trevor Day |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | Linda Saunders |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 10 | Kathy Sawyer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Past President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | Vice President |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | Treasurer |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | Board Member |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | Operations Manager |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 10 | Board Member |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 663 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 324 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 27332 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | See Schedule O |
| IRS990EZ/PrintingPublicationsPostageAmt | 0 | 257 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 33080 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | See Schedule O |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 0 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 60655 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 2563 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 569 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 132770 |
| IRS990EZ/TotalRevenueAmt | 0 | 101507 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | www.memphisinvestorsgroup.com |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Activity Form 990-EZ, Part I, Line 10 - Payments to AffiliaGrantee NREIA Street 2755 Mansion Place City, State, Zip Crestview Hills, KY 41017Amount 5,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Description AmountDepreciation from 4562 339Member Marketing & Promotion 2,122Office Supplies & Equipment 437Internet & Software 1,012Conf. Travel, Meals, & Lodging 3,285Meeting Food & Supplies 11,390Insurance Expense 459Credit Card Processing 2,135Database Management Fee 1,431Payroll Taxes 4,702Taxes & Permits etc. 20 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Category Beginning of Year End of YearFF&E - Net 508 169Prepaid Expenses 155 155 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Category Beginning of Year End of YearSales Tax & Other Payables 2,563 0Credit Cards 0 569 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Form 990-EZ, Part III - Primary Exempt Purpose MIG exists to serve the Memphis-area real estate investment community. Our mission is to provide our members the education, training, motivation, and networking opportunities that will further their ethical investment in real estate, enabling them to make a positive difference in their communities and society at large. Form 990-EZ, Part III, Line 28 - First Accomplishment We provide our members with the education, training, motivation, and networking opportunities to further their real estate investing. Approximately 205 members and many non-members benefit during the year from our many programs, resources, and networking events. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | List of grants and similar amounts paid Part I line 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Description of other expenses Part I line 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Description of other assets Part II line 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Description of total liabilities Part II line 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Part III response or note to any other line in Part III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | FOTI KARASTAMATIS |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9013614369 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-02-09 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Memphis Investors Group Inc |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | MEMP |
| ReturnHeader/Filer/EIN | 0 | 621862666 |
| ReturnHeader/Filer/InCareOfNm | 0 | % Foti Karastamatis |
| ReturnHeader/Filer/PhoneNum | 0 | 9013006577 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 4728 Spottswood Ave Box 289 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Memphis |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 381174817 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 431977584 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Matt Weaver CPA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4317 Burgundy Rd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Memphis |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 38111 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9013550504 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-02-09 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | J MATTHEW WEAVER |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2026-02-09T10:59:44-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2025-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-12-31 |
| ReturnHeader/TaxYr | 0 | 2025 |
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