Civic Intelligence

Memphis Tomorrow

990 • Fiscal year 2017 • EIN 62-1867308

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 30, 2018

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

14th percentile

0.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

73rd percentile

15%

Higher net margin than 73% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

94th percentile

$297,101

Higher top officer pay than 94% of similar nonprofits.

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

98th percentile

290%

Faster asset growth than 98% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

13%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$387,071

Up $287,881 (+290%) from 2016

Net Assets

Up

$387,071

Up $287,881 (+290%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$1,908,200

Up $213,200 (+13%) from 2016

Expenses

Down

$1,621,241

Down $325,006 (-17%) from 2016

Net Income

Up

$286,959

Up $538,206 (+214%) from 2016

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

2017

Assets$387,071
Liabilities$0
Net Assets$387,071

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

2017

Revenue$1,908,200
Expenses$1,621,241
Net Income$286,959
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 30, 2018
Return Version
2017v2.3
Gross Receipts
$1,908,200
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$91,222$378,345▲ $287,123
Land, Buildings, and Equipment, Net$5,218$5,976▲ $758
Total Assets$99,190$387,071▲ $287,881
Other Assets Total$2,750$2,750→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$99,190$387,071▲ $287,881
Total Net Assets Fund Balance$99,190$387,071▲ $287,881
Total Liabilities and Net Assets / Fund Balance$99,190$387,071▲ $287,881

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,976$81,158$87,134
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Blair TaylorExecutive DiFT$285,674$11,427$297,101
Blair TaylorExecutive Director-$261,327$35,774$297,101

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Hro Partners LLCConsulting Serv855 WILLOW TREE CIRCLE STE 100, Cordova, TN 38018$148,095
Revenue and Support

Revenue Composition

Contributions and Grants
$1,908,200
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$858,200
Change in Net Assets
$286,959

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,908,200
Total Revenue per Audited Statements
$1,908,200
Total Revenue per Form 990
$1,908,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$753,942
Salaries, Compensation, and Employee Benefits$439,940
Other Expenses$427,359
Total Fundraising Expense$13,329
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$753,942--$753,942
Fees for Services Other$290,123$18,361$13,329$321,813
Current Officers, Directors, Trustees, and Key Employees$171,410$114,273-$285,683
Other Salaries and Wages$39,090$26,060-$65,150
Other Employee Benefits$35,116$23,411-$58,527
Occupancy$21,965$14,643-$36,608
Office Expenses$17,171$5,310-$22,481
Fees for Services Accounting-$18,460-$18,460
Payroll Taxes$10,208$6,805-$17,013
Pension Plan Contributions$8,140$5,427-$13,567
Information Technology$8,221$4,625-$12,846
Insurance$3,391$1,907-$5,298
Travel$3,168$629-$3,797
Conferences and Meetings$2,656$966-$3,622
Depreciation Depletion$2,249$65-$2,314
Fees for Services Legal$120--$120
Total Functional Expenses$1,366,970$240,942$13,329$1,621,241

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,621,241
Expenses per Audited Statements$1,620,319
Total Expenses per Audited Statements$1,620,319
Expenses Not Reported on Financial Statements$922
Other Expense Adjustments$922
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tn for Quality Early EducationMemphis, TN501c3-$253,942
Memphis Brand InitiativeMemphis, TN501c3Oversight and Coord$250,000
Community Foundation of Greater MemMemphis, TN501c3Oversight and Coord$125,000
Memphis Shelby Crime CommMemphis, TN501c3Oversight and Coord$125,000
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
2018-10-30

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 6,314 3,551 0 consultant services 119,956 14,810 13,329 consultant services 163,853 0 0 total 290,123 18,361 13,329

Form 990, Part XI, Line 9

Book / tax depreciation difference 922

Financial Statement Notes

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

Book / tax depreciation difference 922

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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
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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
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
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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 922
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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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