Civic Intelligence

Memphis Tomorrow

990 • Fiscal year 2019 • EIN 62-1867308

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 21, 2020

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

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

15th percentile

0.00x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

69th percentile

13%

Higher net margin than 69% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

95th percentile

$331,530

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 28.2% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

91st percentile

49%

Faster asset growth than 91% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-33%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Up

$452,261

Up $148,101 (+49%) from 2018

Net Assets

Up

$452,261

Up $148,101 (+49%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Down

$1,175,537

Down $569,463 (-33%) from 2018

Expenses

Down

$1,027,436

Down $800,475 (-44%) from 2018

Net Income

Up

$148,101

Up $231,012 (+279%) from 2018

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

2019

Assets$452,261
Liabilities$0
Net Assets$452,261

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

2019

Revenue$1,175,537
Expenses$1,027,436
Net Income$148,101
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 21, 2020
Return Version
2019v5.0
Gross Receipts
$1,175,537
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$293,797$443,512▲ $149,715
Land, Buildings, and Equipment, Net$7,613$5,999▼ $1,614
Total Assets$304,160$452,261▲ $148,101
Other Assets Total$2,750$2,750→ $0
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$304,160$452,261▲ $148,101
Total Net Assets Fund Balance$304,160$452,261▲ $148,101
Total Liabilities and Net Assets / Fund Balance$304,160$452,261▲ $148,101

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$5,999$84,249$90,248
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Blair TaylorPresidentFT$266,046$65,484$331,530

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,175,537
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$250,537
Change in Net Assets
$148,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,175,537
Total Revenue per Audited Statements
$1,175,537
Total Revenue per Form 990
$1,175,537
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$438,849
Grants and Similar Amounts Paid$425,000
Other Expenses$163,587
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$425,000--$425,000
Current Officers, Directors, Trustees, and Key Employees$175,126$116,750-$291,876
Fees for Services Other$43,421$28,947-$72,368
Other Salaries and Wages$41,882$27,922-$69,804
Other Employee Benefits$28,406$18,937-$47,343
Occupancy$18,393$12,262-$30,655
Fees for Services Accounting-$21,250-$21,250
Payroll Taxes$10,891$7,260-$18,151
Office Expenses$9,399$6,265-$15,664
Information Technology$8,558$5,706-$14,264
Pension Plan Contributions$7,005$4,670-$11,675
Other Expenses$1,682$1,122-$2,804
Insurance$1,386$924-$2,310
Conferences and Meetings$1,377$918-$2,295
Depreciation Depletion$969$646-$1,615
Travel$217$145-$362
Total Functional Expenses$773,712$253,724$0$1,027,436

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,027,436
Total Expenses per Audited Statements$1,027,436
Total Expenses per Form 990$1,027,436
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memphis Brand InitiativeMemphis, TN501c3Oversight and Coord$250,000
Memphis Shelby Crime CommMemphis, TN501c3Oversight and Coord$125,000
Tn for Quality Early EducationMemphis, TN501c3Oversight and Coord$50,000
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 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
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
President
Phone
9016853404
Signed
2020-09-21

Organization Details

Principal Officer
Blair Taylor
Formed
2001
Legal Domicile
Tn
Voting Board Members
24
Independent Board Members
24
Employees
3

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

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 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.

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IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20VICE CHAIRMA
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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