Civic Intelligence

Memphis Tomorrow

990 • Fiscal year 2021 • EIN 62-1867308

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 13, 2022

Organization ProfileWWW.MEMPHISTOMORROW.ORG

View Organization Page

40 South Main Street Suite 1530Memphis, TN 38103

(901) 685-3404

Siviq Scores

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

Liabilities / Assets

34th percentile

0.02x

Higher debt load relative to assets than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

23rd percentile

0.01x

Higher debt load relative to revenue than 23% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

45th percentile

9.8%

Higher net margin than 45% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

95th percentile

$310,026

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 30.1% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

81st percentile

36%

Faster asset growth than 81% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

29th percentile

-1.9%

Faster revenue growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$404,027

Up $107,335 (+36%) from 2020

Net Assets

Up

$397,282

Up $100,590 (+34%) from 2020

Liabilities

Up

$6,745

Up $6,745 from 2020

Revenue And Expenses
Liabilities / Revenue23rd percentileNet Margin45th percentile

Revenue

Down

$1,030,000

Down $20,000 (-1.9%) from 2020

Expenses

Down

$928,983

Down $276,586 (-23%) from 2020

Net Income

Up

$101,017

Up $256,586 (+165%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

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

2021

Assets$404,027
Liabilities$6,745
Net Assets$397,282
Open 2021 Filing

Operations Trend

Revenue Growth29th percentile

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

2021

Revenue$1,030,000
Expenses$928,983
Net Income$101,017
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 13, 2022
Return Version
2021v4.0
Gross Receipts
$1,030,000
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.

Memphis tomorrow is an association of ceos of memphis' largest businesses working to promote opportunity and quality of life for all memphians through collective action and public-private partnerships.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$289,021$392,596▲ $103,575
Prepaid Expenses and Deferred Charges-$4,393-
Land, Buildings, and Equipment, Net$4,921$4,288▼ $633
Total Assets$296,692$404,027▲ $107,335
Other Assets Total$2,750$2,750→ $0
Liabilities
Accounts Payable and Accrued Expenses-$6,745-
Total Liabilities$0$6,745▲ $6,745
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$296,692$397,282▲ $100,590
Total Net Assets Fund Balance$296,692$397,282▲ $100,590
Total Liabilities and Net Assets / Fund Balance$296,692$404,027▲ $107,335

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,288$85,960$90,248
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Blair TaylorPresidentFT$266,046$43,980$310,026

Board Members and Trustees

NameTitle
Mark SuttonVice Chairma
Beverly RobertsonDirector
Bryan JordanDirector
David SlottDirector
Dr James R DowningDirector
Edward DobbsDirector
Gary ShorbDirector
H Eric Bolton JrDirector
Jason LittleDirector
John AlexanderDirector
John CarsonDirector
Karl SchledwitzDirector
Kevin MceniryDirector
Marjorie HaasDirector
Michael UgwuekeDirector
Pitt Hyde IiiDirector
Reginald CoopwoodDirector
Rex TibbensDirector
Richard C Shadyac JrDirector
William RhodesDirector
Johnny B Moore JrSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,030,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$30,000
Change in Net Assets
$101,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,030,000
Total Revenue per Audited Statements
$1,030,000
Total Revenue per Form 990
$1,030,000
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$425,000
Salaries, Compensation, and Employee Benefits$322,757
Other Expenses$181,226
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$212,837$53,209-$266,046
Fees for Services Other$94,988--$94,988
Other Employee Benefits$28,588$6,250-$34,838
Fees for Services Accounting-$30,819-$30,819
Occupancy$24,418$6,105-$30,523
Payroll Taxes$7,639$5,092-$12,731
Office Expenses$8,755$2,189-$10,944
Information Technology$7,448$1,862-$9,310
Pension Plan Contributions$9,142--$9,142
Insurance-$4,435-$4,435
Depreciation Depletion-$207-$207
Total Functional Expenses$818,815$110,168$0$928,983

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$929,410
Expenses per Audited Statements$928,983
Total Expenses per Form 990$928,983
Expenses Not Reported on Form 990$427
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memphis Brand InitiativeMemphis, TN501c3Operations$250,000
Memphis Shelby Crime CommMemphis, TN501c3Operations$125,000
Tn for Quality Early EducationMemphis, TN501c3Operations$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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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 president and made available to the 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
40 SOUTH MAIN STREET SUITE 1530, MEMPHIS, TN 38103

Signing Officer

Name
Blair Taylor
Title
President
Phone
9013228080
Signed
2022-11-13

Organization Details

Principal Officer
Blair Taylor
Formed
2001
Legal Domicile
Tn
Voting Board Members
22
Independent Board Members
22
Employees
1

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, Page 2, Part III, Line 4D

“Memphis tomorrow supports a variety of other efforts including but not limited to cradle-to-career education programs and initiatives and economic development initiatives all in support of fostering opportunity and quality of life for all memphians.”

Form 990, Part IX, Line 11G

“Consultant services 64,988 0 0 covid sweepstakes award 30,000 0 0 total 94,988 0 0”

Form 990, Part XI, Line 9

“Book / tax depreciation difference -427”

Financial Statement Notes

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

“Book / tax depreciation difference 427”

Raw XML AppendixShowing 400 of 529 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt06745
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0MEMPHIS TOMORROW IS AN ASSOCIATION OF CEOS OF MEMPHIS' LARGEST BUSINESSES WORKING TO PROMOTE OPPORTUNITY AND QUALITY OF LIFE FOR ALL MEMPHIANS THROUGH COLLECTIVE ACTION AND PUBLIC-PRIVATE PARTNERSHIPS.
IRS990/AllOtherContributionsAmt030000
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0BLAIR TAYLOR
IRS990/BooksInCareOfDetail/PhoneNum09013228080
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt022 NORTH FRONT STREET STE 670
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038103
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0289021
IRS990/CashNonInterestBearingGrp/EOYAmt0392596
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt053209
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0212837
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0266046
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01030000
IRS990/CYGrantsAndSimilarPaidAmt0425000
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0181226
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0101017
IRS990/CYSalariesCompEmpBnftPaidAmt0322757
IRS990/CYTotalExpensesAmt0928983
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01030000
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0207
IRS990/DepreciationDepletionGrp/TotalAmt0207
IRS990/Desc0MEMPHIS TOMORROW FOUNDED AND HAS CONTINUED TO INVEST IN MEMPHIS BRAND INITIATIVE WITH THE GOAL TO PROMOTE AWARENESS OF MEMPHIS/SHELBY COUNTY AS A GREAT DESTINATION FOR TOURISTS, TALENT AND COMMERCE. THE EFFORT HAS BEEN ENORMOUSLY SUCCESSFUL BY ALL METRICS AND CONTINUES TO EXCEED GOALS AND EXPECTATIONS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0255000
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt030819
IRS990/FeesForServicesAccountingGrp/TotalAmt030819
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt094988
IRS990/FeesForServicesOtherGrp/TotalAmt094988
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt121.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt131.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt151.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt161.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt171.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt181.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1940.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt201.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt211.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1943980
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN ALEXANDER
IRS990/Form990PartVIISectionAGrp/PersonNm1H ERIC BOLTON JR
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN CARSON
IRS990/Form990PartVIISectionAGrp/PersonNm3REGINALD COOPWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm4EDWARD DOBBS
IRS990/Form990PartVIISectionAGrp/PersonNm5DR JAMES R DOWNING
IRS990/Form990PartVIISectionAGrp/PersonNm6MARJORIE HAAS
IRS990/Form990PartVIISectionAGrp/PersonNm7PITT HYDE III
IRS990/Form990PartVIISectionAGrp/PersonNm8BRYAN JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm9JASON LITTLE
IRS990/Form990PartVIISectionAGrp/PersonNm10KEVIN MCENIRY
IRS990/Form990PartVIISectionAGrp/PersonNm11JOHNNY B MOORE JR
IRS990/Form990PartVIISectionAGrp/PersonNm12WILLIAM RHODES
IRS990/Form990PartVIISectionAGrp/PersonNm13BEVERLY ROBERTSON
IRS990/Form990PartVIISectionAGrp/PersonNm14KARL SCHLEDWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm15RICHARD C SHADYAC JR
IRS990/Form990PartVIISectionAGrp/PersonNm16GARY SHORB
IRS990/Form990PartVIISectionAGrp/PersonNm17DAVID SLOTT
IRS990/Form990PartVIISectionAGrp/PersonNm18MARK SUTTON
IRS990/Form990PartVIISectionAGrp/PersonNm19BLAIR TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm20REX TIBBENS
IRS990/Form990PartVIISectionAGrp/PersonNm21MICHAEL UGWUEKE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt19266046
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt19PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantAmt0250000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0425000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0425000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01030000
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt01862
IRS990/InformationTechnologyGrp/ProgramServicesAmt07448
IRS990/InformationTechnologyGrp/TotalAmt09310
IRS990/InsuranceGrp/ManagementAndGeneralAmt04435
IRS990/InsuranceGrp/TotalAmt04435
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt085960
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04921
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04288
IRS990/LandBldgEquipCostOrOtherBssAmt090248
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0true
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt01000000
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0MEMPHIS TOMORROW IS AN ASSOCIATION OF CEOS OF MEMPHIS' LARGEST BUSINESSES WORKING TO PROMOTE OPPORTUNITY AND QUALITY OF LIFE FOR ALL MEMPHIANS THROUGH COLLECTIVE ACTION AND PUBLIC-PRIVATE PARTNERSHIPS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0296692
IRS990/NetAssetsOrFundBalancesEOYAmt0397282
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0296692
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0397282
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt06105
IRS990/OccupancyGrp/ProgramServicesAmt024418
IRS990/OccupancyGrp/TotalAmt030523
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02189
IRS990/OfficeExpensesGrp/ProgramServicesAmt08755
IRS990/OfficeExpensesGrp/TotalAmt010944
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02750
IRS990/OtherAssetsTotalGrp/EOYAmt02750
IRS990/OtherChangesInNetAssetsAmt0-427
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06250
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt028588
IRS990/OtherEmployeeBenefitsGrp/TotalAmt034838
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05092
IRS990/PayrollTaxesGrp/ProgramServicesAmt07639
IRS990/PayrollTaxesGrp/TotalAmt012731
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09142
IRS990/PensionPlanContributionsGrp/TotalAmt09142
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04393
IRS990/PrincipalOfficerNm0BLAIR TAYLOR
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MEMPHIS TOMORROW CONTRIBUTED FUNDING TO THE MEMPHIS SHELBY CRIME COMMISSION FOR PURPOSES OF GENERAL OPERATING EXPENSES, DIGITAL MARKETING AND WEBSITE EXPENSES, AND A PUBLIC OPINION SURVEY, ALL TO SUPPORT THE DEVELOPMENT AND IMPLEMENTATION OF THE SAFE COMMUNITY PLAN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0170000
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0125000
IRS990/ProgSrvcAccomActy3Grp/Desc0MEMPHIS TOMORROW SUPPORTED AN INCENTIVE PROGRAM BY THE CITY OF MEMPHIS TO ENCOURAGE RESIDENTS TO GET THEIR COVID 19 VACCINATIONS. THE PRIZE WAS A VEHICLE VALUED AT 30,000.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt030000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0MEMPHIS TOMORROW SUPPORTS A VARIETY OF OTHER EFFORTS INCLUDING BUT NOT LIMITED TO CRADLE-TO-CAREER EDUCATION PROGRAMS AND INITIATIVES AND ECONOMIC DEVELOPMENT INITIATIVES ALL IN SUPPORT OF FOSTERING OPPORTUNITY AND QUALITY OF LIFE FOR ALL MEMPHIANS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0363815
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01050000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0687993
IRS990/PYOtherExpensesAmt0152325
IRS990/PYRevenuesLessExpensesAmt0-155569
IRS990/PYSalariesCompEmpBnftPaidAmt0365251
IRS990/PYTotalExpensesAmt01205569
IRS990/PYTotalRevenueAmt01050000
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0101017
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01030000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01175537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01300000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01908200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06463737
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82430
IRS990ScheduleA/PublicSupportPY170Pct00.95940
IRS990ScheduleA/PublicSupportTotal170Amt05327862
IRS990ScheduleA/SubstantialContributorsTotAmt01135875
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01030000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01050000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01175537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01300000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01908200
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06463737
IRS990ScheduleA/TotalSupportAmt06463737
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/DirectContactLegislatorsAmt01023
IRS990ScheduleC/DirectContactLegislatorsInd0true
IRS990ScheduleC/GrantsOtherOrganizationsInd0false
IRS990ScheduleC/MailingsMembersInd0false
IRS990ScheduleC/MediaAdvertisementsInd0false
IRS990ScheduleC/NotDescribedSection501c3Ind0false
IRS990ScheduleC/OtherActivitiesInd0false
IRS990ScheduleC/PaidStaffOrManagementInd0true
IRS990ScheduleC/PublicationsOrBroadcastInd0false
IRS990ScheduleC/RalliesDemonstrationsInd0false
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0REGISTERED TO BECOME A LOBBYIST
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-B, LINE 1
IRS990ScheduleC/TotalLobbyingExpendituresAmt01023
IRS990ScheduleC/VolunteersInd0false
IRS990ScheduleD/ExpensesNotReportedAmt0427
IRS990ScheduleD/ExpensesSubtotalAmt0928983
IRS990ScheduleD/OtherExpensesIncludedAmt0427
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04288
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt085960
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt090248
IRS990ScheduleD/RevenueSubtotalAmt01030000
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 427
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04288
IRS990ScheduleD/TotalExpensesPerForm990Amt0928983
IRS990ScheduleD/TotalRevenuePerForm990Amt01030000
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01030000
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0929410
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0250000
IRS990ScheduleI/RecipientTable/CashGrantAmt1125000
IRS990ScheduleI/RecipientTable/CashGrantAmt250000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501C3

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$404,027
Liabilities
$6,745
Net assets
$397,282
Revenue
$1,030,000
Expenses
$928,983
Net income
$101,017
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