Civic Intelligence

Memphis Tomorrow

990 • Fiscal year 2016 • EIN 62-1867308

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 10, 2017

22 N Front Street 670Memphis, TN 38103

(901) 685-3404

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

93rd percentile

$264,747

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 15.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-72%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

40%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$99,190

Down $252,757 (-72%) from 2015

Net Assets

Down

$99,190

Down $252,544 (-72%) from 2015

Liabilities

Down

$0

Down $213 (-100%) from 2015

Revenue

Up

$1,695,000

Up $485,000 (+40%) from 2015

Expenses

Up

$1,946,247

Up $618,745 (+47%) from 2015

Net Income

Down

-$251,247

Down $133,745 (-114%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2010: $1,028,441Liabilities 2010: $2,590Net Assets 2010: $1,025,8512010Assets 2011: $1,166,211Liabilities 2011: $0Net Assets 2011: $1,166,2112011Assets 2012: $521,220Liabilities 2012: $0Net Assets 2012: $521,2202012Assets 2013: $438,052Liabilities 2013: $0Net Assets 2013: $438,0522013Assets 2014: $466,455Liabilities 2014: $0Net Assets 2014: $466,4552014Assets 2015: $351,947Liabilities 2015: $213Net Assets 2015: $351,7342015Assets 2016: $99,190Liabilities 2016: $0Net Assets 2016: $99,1902016Assets 2017: $387,071Liabilities 2017: $0Net Assets 2017: $387,0712017Assets 2018: $304,160Liabilities 2018: $0Net Assets 2018: $304,1602018Assets 2019: $452,261Liabilities 2019: $0Net Assets 2019: $452,2612019Assets 2020: $296,692Liabilities 2020: $0Net Assets 2020: $296,6922020Assets 2021: $404,027Liabilities 2021: $6,745Net Assets 2021: $397,2822021Assets 2022: $526,503Liabilities 2022: $49,469Net Assets 2022: $477,0342022Assets 2023: $503,077Liabilities 2023: $253,701Net Assets 2023: $249,3762023Assets 2024: $635,085Liabilities 2024: $292,468Net Assets 2024: $342,6172024

Highlighted filing

2016

Assets$99,190
Liabilities$0
Net Assets$99,190

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $4,339,5012010Expenses 2011: $4,013,1632011Expenses 2012: $2,262,5842012Revenue 2013: $861,705Expenses 2013: $944,873Net Income 2013: -$83,1682013Revenue 2014: $1,753,295Expenses 2014: $1,724,892Net Income 2014: $28,4032014Revenue 2015: $1,210,000Expenses 2015: $1,327,502Net Income 2015: -$117,5022015Revenue 2016: $1,695,000Expenses 2016: $1,946,247Net Income 2016: -$251,2472016Revenue 2017: $1,908,200Expenses 2017: $1,621,241Net Income 2017: $286,9592017Revenue 2018: $1,745,000Expenses 2018: $1,827,911Net Income 2018: -$82,9112018Revenue 2019: $1,175,537Expenses 2019: $1,027,436Net Income 2019: $148,1012019Revenue 2020: $1,050,000Expenses 2020: $1,205,569Net Income 2020: -$155,5692020Revenue 2021: $1,030,000Expenses 2021: $928,983Net Income 2021: $101,0172021Revenue 2022: $1,027,400Expenses 2022: $947,648Net Income 2022: $79,7522022Revenue 2023: $952,639Expenses 2023: $1,180,297Net Income 2023: -$227,6582023Revenue 2024: $1,152,867Expenses 2024: $1,059,626Net Income 2024: $93,2412024

Highlighted filing

2016

Revenue$1,695,000
Expenses$1,946,247
Net Income-$251,247
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 10, 2017
Return Version
2016v3.0
Gross Receipts
$1,695,000
Mission and Program Overview

Mission

To bring top business leaders together with government and civic leadership to foster economic prosperity and quality of life for all who live in the memphis community. The initiatives are focused in those areas which directly impact economic growth and opportunity, including: human capital development, industry development, and public safety.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$340,926$91,222▼ $249,704
Land, Buildings, and Equipment, Net$8,271$5,218▼ $3,053
Total Assets$351,947$99,190▼ $252,757
Other Assets Total$2,750$2,750→ $0
Liabilities
Accounts Payable and Accrued Expenses$213--
Total Liabilities$213$0▼ $213
Net Assets / Fund Balance
Unrestricted Net Assets$351,734$99,190▼ $252,544
Total Net Assets Fund Balance$351,734$99,190▼ $252,544
Total Liabilities and Net Assets / Fund Balance$351,947$99,190▼ $252,757

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,218$79,766$84,984
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Blair TaylorExecutive DiFT$264,747-$264,747
Blair TaylorExecutive Director-$241,318$23,429$264,747

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hro Partners LLCConsulting Serv855 WILLOW TREE CIRCLE STE 100, Cordova, TN 38018$163,186
Revenue and Support

Revenue Composition

Contributions and Grants
$1,695,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$545,000
Change in Net Assets
$-251,247

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,695,000
Total Revenue per Audited Statements
$1,695,000
Total Revenue per Form 990
$1,695,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,141,959
Salaries, Compensation, and Employee Benefits$426,495
Other Expenses$377,793
Total Fundraising Expense$14,687
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,141,959--$1,141,959
Fees for Services Other$226,548$41,394$14,687$282,629
Current Officers, Directors, Trustees, and Key Employees$158,848$105,899-$264,747
Other Employee Benefits$41,883$27,922-$69,805
Other Salaries and Wages$38,700$25,800-$64,500
Occupancy$18,492$12,328-$30,820
Fees for Services Accounting-$18,220-$18,220
Office Expenses$10,734$5,433-$16,167
Payroll Taxes$9,649$6,433-$16,082
Pension Plan Contributions$6,817$4,544-$11,361
Information Technology$6,584$3,704-$10,288
Travel$7,956$408-$8,364
Conferences and Meetings$4,446$1,674-$6,120
Insurance$1,455$818-$2,273
Depreciation Depletion$1,667$89-$1,756
Fees for Services Legal$1,156--$1,156
Total Functional Expenses$1,676,894$254,666$14,687$1,946,247

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,947,544
Expenses per Audited Statements$1,946,247
Total Expenses per Form 990$1,946,247
Expenses Not Reported on Form 990$1,297
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memphis Brand InitiativeMemphis, TN501c3-$746,959
Peoplefirst PartnershipMemphis, TN501c3Oversight and Coord$250,000
Memphis Shelby Crime CommMemphis, TN501c3Oversight and Coord$125,000
Tn for Quality Early EducationMemphis, TN501c3Oversight and Coord$20,000
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed and approved by the executive director and board.

Form 990, Page 6, Part VI, Line 12C

Annual review by each board member to ensure compliance.

Form 990, Page 6, Part VI, Line 15A

The president has a thorough review every year led by the current chairman.

Form 990, Page 6, Part VI, Line 19

All forms are available in office for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
Memphis Tomorrow
EIN
62-1867308
Phone
9016853404
Address
22 N FRONT STREET 670, MEMPHIS, TN 38103

Signing Officer

Name
Blair Taylor
Title
Executive Director
Phone
9016853404
Signed
2017-11-10

Organization Details

Principal Officer
Blair Taylor
Formed
2001
Legal Domicile
Tn
Voting Board Members
22
Independent Board Members
22
Employees
2

Preparer

Firm
Scott & Pohlman Pc
Address
5100 POPLAR AVENUE SUITE 617, MEMPHIS, TN 38137-0601
Preparer
Steven D Hamilton
Phone
9017614692
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

To bring top business leaders together with government and civic leadership to foster economic prosperity and quality of life for all who live in the memphis community. The initiatives are focused in those areas which directly impact economic growth and opportunity, including: human capital development, industry development, and public safety.

Form 990, Page 2, Part III, Line 4D

Ready, set, grow is a childcare quality support initiative designed to increase the number of nationally accredited child care centers in shelby county thru the use of pilot programs and a blueprint for program expansion and sustainability. Crime reduction - operation: safe community is a crime reduction initiative spearheaded by top government, criminal justice and business leaders in partnership with schools, citizens and faith and community-based organizations. There are 5 major goals goal 1: reduce violence in the home goal 2: reduce gang and drug crime goal 3: reduce blight, problem properties and crime in apartment complexes goal 4: reduce adult repeat offenses goal 5: reduce youth violence peoplefirst/memphis fast forward supports memphis city school high school juniors and seniors to achieve admission into, pay for, and be retained in post-secondary programs. Mpd recruit and retain is a program to provide support for the mayor strickland's initiative to recruit and retain more police officers through recruitment and retention modernization strategies. Tennesseans for a quality early education inc is a bipartisan coalition committed to high quality early childhood education as an essential foundation and urgent priority for a thriving tennessee. Our mission is to create the foundation for a thriving tennessee through bipartisan advocacy of early childhood education policies that result in strong academic outcomes for all of tennessee's third graders. Economic development - the memphis shelby growth alliance is a diverse, volunteer alliance of some 50+ public and private economic development, business and government leaders who agree to collaborate around specific strategies to expand job growth.

Form 990, Part IX, Line 11G

Consultant services 44,577 25,075 0 consultant services 10,553 0 0 consultant services 132,180 16,319 14,687 consultant services 39,238 0 0 total 226,548 41,394 14,687

Form 990, Part XI, Line 9

Book / tax depreciation difference -1,297

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Book / tax depreciation difference 1,297

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IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
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IRS990/MissionDesc0TO BRING TOP BUSINESS LEADERS TOGETHER WITH GOVERNMENT AND CIVIC LEADERSHIP TO FOSTER ECONOMIC PROSPERITY AND QUALITY OF LIFE FOR ALL WHO LIVE IN THE MEMPHIS COMMUNITY. THE INITIATIVES ARE FOCUSED IN THOSE AREAS WHICH DIRECTLY IMPACT ECONOMIC GROWTH AND OPPORTUNITY, INCLUDING: HUMAN CAPITAL DEVELOPMENT, INDUSTRY DEVELOPMENT, AND PUBLIC SAFETY.
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IRS990/ProgSrvcAccomActy2Grp/Desc0BRANDING MEMPHIS IS AN INITIATIVE TO ESTABLISH A MEMPHIS BRAND IDENTITY AND TO AMPLIFY THE MEMPHIS BRAND IN ORDER TO ATTRACT TOURISTS, TALENT AND COMMERCE AND TO INSPIRE PRIDE IN OUR COMMUNITY AMONG MEMPHIANS.
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IRS990/ProgSrvcAccomActy3Grp/Desc0MPD RECRUIT AND RETAIN IS A PROGRAM TO PROVIDE SUPPORT FOR THE MAYOR STRICKLAND'S INITIATIVE TO RECRUIT AND RETAIN MORE POLICE OFFICERS THROUGH RECRUITMENT AND RETENTION MODERNIZATION STRATEGIES.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0READY, SET, GROW IS A CHILDCARE QUALITY SUPPORT INITIATIVE DESIGNED TO INCREASE THE NUMBER OF NATIONALLY ACCREDITED CHILD CARE CENTERS IN SHELBY COUNTY THRU THE USE OF PILOT PROGRAMS AND A BLUEPRINT FOR PROGRAM EXPANSION AND SUSTAINABILITY. CRIME REDUCTION - OPERATION: SAFE COMMUNITY IS A CRIME REDUCTION INITIATIVE SPEARHEADED BY TOP GOVERNMENT, CRIMINAL JUSTICE AND BUSINESS LEADERS IN PARTNERSHIP WITH SCHOOLS, CITIZENS AND FAITH AND COMMUNITY-BASED ORGANIZATIONS. THERE ARE 5 MAJOR GOALS GOAL 1: REDUCE VIOLENCE IN THE HOME GOAL 2: REDUCE GANG AND DRUG CRIME GOAL 3: REDUCE BLIGHT, PROBLEM PROPERTIES AND CRIME IN APARTMENT COMPLEXES GOAL 4: REDUCE ADULT REPEAT OFFENSES GOAL 5: REDUCE YOUTH VIOLENCE PEOPLEFIRST/MEMPHIS FAST FORWARD SUPPORTS MEMPHIS CITY SCHOOL HIGH SCHOOL JUNIORS AND SENIORS TO ACHIEVE ADMISSION INTO, PAY FOR, AND BE RETAINED IN POST-SECONDARY PROGRAMS. MPD RECRUIT AND RETAIN IS A PROGRAM TO PROVIDE SUPPORT FOR THE MAYOR STRICKLAND'S INITIATIVE TO RECRUIT AND RETAIN MORE POLICE OFFICERS THROUGH RECRUITMENT AND RETENTION MODERNIZATION STRATEGIES. TENNESSEANS FOR A QUALITY EARLY EDUCATION INC IS A BIPARTISAN COALITION COMMITTED TO HIGH QUALITY EARLY CHILDHOOD EDUCATION AS AN ESSENTIAL FOUNDATION AND URGENT PRIORITY FOR A THRIVING TENNESSEE. OUR MISSION IS TO CREATE THE FOUNDATION FOR A THRIVING TENNESSEE THROUGH BIPARTISAN ADVOCACY OF EARLY CHILDHOOD EDUCATION POLICIES THAT RESULT IN STRONG ACADEMIC OUTCOMES FOR ALL OF TENNESSEE'S THIRD GRADERS. ECONOMIC DEVELOPMENT - THE MEMPHIS SHELBY GROWTH ALLIANCE IS A DIVERSE, VOLUNTEER ALLIANCE OF SOME 50+ PUBLIC AND PRIVATE ECONOMIC DEVELOPMENT, BUSINESS AND GOVERNMENT LEADERS WHO AGREE TO COLLABORATE AROUND SPECIFIC STRATEGIES TO EXPAND JOB GROWTH.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 1,297
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.29$0.34$1.15$1.06$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.50$0.25$0.25$0.95$1.18$0.23
2022Detailed filing. Detailed filing data is available for this year.$0.53$0.05$0.48$1.03$0.95$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.40$0.01$0.40$1.03$0.93$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$1.05$1.21$0.16
2019Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.18$1.03$0.15
2018Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$1.75$1.83$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$1.91$1.62$0.29
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$1.70$1.95$0.25
2015Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$1.21$1.33$0.12
2014Detailed filing. Detailed filing data is available for this year.$0.47$0.00$0.47$1.75$1.72$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.44$0.00$0.44$0.86$0.94$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.52$0.00$0.52$2.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.00$1.17$4.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.00$1.03$4.34