Civic Intelligence

Memphis Rotary Foundation

990 • Fiscal year 2018 • EIN 62-6096310

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 27, 2019

P O Box 3957Cordova, TN 38088

(901) 526-1318

Siviq Scores

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

Liabilities / Assets

37th percentile

0.01x

Higher debt load relative to assets than 37% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

61st percentile

0.07x

Higher debt load relative to revenue than 61% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

29th percentile

-4.4%

Higher net margin than 29% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$0

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.8%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

24th percentile

-9.7%

Faster revenue growth than 24% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Down

$931,343

Down $26,475 (-2.8%) from 2017

Net Assets

Down

$924,926

Down $15,224 (-1.6%) from 2017

Liabilities

Down

$6,417

Down $11,251 (-64%) from 2017

Revenue

Down

$93,766

Down $10,120 (-9.7%) from 2017

Expenses

Down

$97,854

Down $49,761 (-34%) from 2017

Net Income

Up

-$4,088

Up $39,641 (+91%) from 2017

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 2011: $1,183,461Liabilities 2011: $40,377Net Assets 2011: $1,143,0842011Assets 2012: $1,160,548Liabilities 2012: $43,805Net Assets 2012: $1,116,7432012Assets 2013: $1,236,345Liabilities 2013: $24,651Net Assets 2013: $1,211,6942013Assets 2014: $1,277,247Liabilities 2014: $34,066Net Assets 2014: $1,243,1812014Assets 2015: $1,054,438Liabilities 2015: $4,877Net Assets 2015: $1,049,5612015Assets 2016: $956,789Liabilities 2016: $15,029Net Assets 2016: $941,7602016Assets 2017: $957,818Liabilities 2017: $17,668Net Assets 2017: $940,1502017Assets 2018: $931,343Liabilities 2018: $6,417Net Assets 2018: $924,9262018Assets 2019: $931,867Liabilities 2019: $22,400Net Assets 2019: $909,4672019Assets 2020: $863,263Liabilities 2020: $0Net Assets 2020: $863,2632020Assets 2021: $973,064Liabilities 2021: $22,259Net Assets 2021: $950,8052021Assets 2022: $811,264Liabilities 2022: $12,468Net Assets 2022: $798,7962022Assets 2023: $754,041Liabilities 2023: $0Net Assets 2023: $754,0412023Assets 2024: $707,567Liabilities 2024: $0Net Assets 2024: $707,5672024Assets 2025: $638,678Liabilities 2025: $0Net Assets 2025: $638,6782025

Highlighted filing

2018

Assets$931,343
Liabilities$6,417
Net Assets$924,926

Operations Trend

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

$300K$200K$100K$0-$100K-$200KRevenue 2011: $133,568Expenses 2011: $125,208Net Income 2011: $8,3602011Revenue 2012: $107,338Expenses 2012: $95,778Net Income 2012: $11,5602012Revenue 2013: $220,673Expenses 2013: $99,185Net Income 2013: $121,4882013Revenue 2014: $137,108Expenses 2014: $178,827Net Income 2014: -$41,7192014Revenue 2015: $132,587Expenses 2015: $216,308Net Income 2015: -$83,7212015Revenue 2016: $94,473Expenses 2016: $137,632Net Income 2016: -$43,1592016Revenue 2017: $103,886Expenses 2017: $147,615Net Income 2017: -$43,7292017Revenue 2018: $93,766Expenses 2018: $97,854Net Income 2018: -$4,0882018Revenue 2019: $120,476Expenses 2019: $80,373Net Income 2019: $40,1032019Revenue 2020: $69,419Expenses 2020: $70,524Net Income 2020: -$1,1052020Revenue 2021: $76,544Expenses 2021: $122,578Net Income 2021: -$46,0342021Revenue 2022: $99,535Expenses 2022: $116,494Net Income 2022: -$16,9592022Revenue 2023: $18,768Expenses 2023: $133,504Net Income 2023: -$114,7362023Revenue 2024: $77,122Expenses 2024: $155,157Net Income 2024: -$78,0352024Revenue 2025: $63,734Expenses 2025: $146,128Net Income 2025: -$82,3942025

Highlighted filing

2018

Revenue$93,766
Expenses$97,854
Net Income-$4,088
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 27, 2019
Return Version
2017v2.2
Gross Receipts
$132,894
Mission and Program Overview

Mission

Funding for philanthropic & community betterment projects, primary areas of focus include education, international clean water systems and hunger relief, city beautification, and partnerships with community development and enhancement organizations.

Funding for philanthropic & community betterment projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$853,519$845,497▼ $8,022
Other Notes and Loans Receivable, Net$40,000$40,000→ $0
Accounts Receivable$7,217$23,453▲ $16,236
Investments Other Securities$15,461$16,104▲ $643
Savings and Temporary Cash Investments$41,621$6,289▼ $35,332
Total Assets$957,818$931,343▼ $26,475
Liabilities
Accounts Payable and Accrued Expenses$17,668$6,417▼ $11,251
Total Liabilities$17,668$6,417▼ $11,251
Net Assets / Fund Balance
Unrestricted Net Assets$940,150$922,426▼ $17,724
Temporarily Rstr Net Assets-$2,500-
Total Net Assets Fund Balance$940,150$924,926▼ $15,224
Total Liabilities and Net Assets / Fund Balance$957,818$931,343▼ $26,475
Compensation and Service Providers

Board Members and Trustees

NameTitle
Arthur OliverPresident
Bud RicheyPresident Elect
John ElkingtonPresident Elect Nominee
Tom PanagonVice President
Lee WardlawAt Large
Richard KuhnAt Large
Betty Sue McgarveyImmediate Past Pres
Susan GoldenSecretary
Jonathan NyakuTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$43,501
Program Service Revenue
$0
Investment Income
$46,423
Other Revenue
$3,842
All Other Contributions
$43,501
Change in Net Assets
$-4,088

Audited Revenue Reconciliation

Revenue per Audited Statements
$93,766
Revenue Not Reported on Form 990
$-11,136
Total Revenue per Audited Statements
$82,630
Total Revenue per Form 990
$93,766
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,340
Grants and Similar Amounts Paid$45,514
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$45,514--$45,514
Fees for Services Management$0$35,552$0$35,552
Fees for Service Investment Mgmnt Fees$0$4,660$0$4,660
Insurance$0$3,005$0$3,005
Fees for Services Accounting$0$2,750$0$2,750
Office Expenses$0$2,594$0$2,594
Occupancy$0$2,083$0$2,083
Other Expenses$0$648$0$648
Total Functional Expenses$45,514$52,340$0$97,854

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$97,854
Total Expenses per Audited Statements$97,854
Total Expenses per Form 990$97,854
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rotary InternationalEvanston, IL-Ri Programs$18,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$13,270
Fundraising Direct Expenses$9,428
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
Audit committee
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
No
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
Filing and Contact Details

Filer

Filer Name
Memphis Rotary Foundation
EIN
62-6096310
Phone
9015261318
Address
P O BOX 3957, CORDOVA, TN 38088

Signing Officer

Name
Warren Richey
Title
President Elect
Phone
9015261318
Signed
2019-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Arthur Oliver
Formed
1982
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Deweese Howell & Associates Pc
Address
5050 POPLAR AVE STE 415, Memphis, TN 38157-0415
Preparer
Vicki W Deweese CPA
Phone
9017614335
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Full board met and reviewed audit and 990 in detail.

Pt VI, Line 12C

Board members agree to job description/principles of conduct before being allowed to serve; includes policy to disclose conflicts of interest.

Pt VI, Line 19

Documents are made available upon request.

Form 990EZ, Part I, Line 16

BAD DEBTS

Form 990EZ, Part I, Line 16

Communications - internet

Form 990EZ, Part I, Line 16

MISCELLANEOUS

Form 990EZ, Part II, Line 24

CONTRIBUTIONS RECEIVABLE

Form 990EZ, Part II, Line 24

Receivable from affiliate

Form 990EZ, Part II, Line 24

INVESTMENTS

Form 990EZ, Part II, Line 26

ACCOUNTS PAYABLE

Form 990, Part III, Line 4D

Various other projects 10246. 0. 0.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt048270
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt049849
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IRS990ScheduleD/TotalRevenuePerForm990Amt093766
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt097854
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FULL BOARD MET AND REVIEWED AUDIT AND 990 IN DETAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AGREE TO JOB DESCRIPTION/PRINCIPLES OF CONDUCT BEFORE BEING ALLOWED TO SERVE; INCLUDES POLICY TO DISCLOSE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BAD DEBTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMMUNICATIONS - INTERNET
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRIBUTIONS RECEIVABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7RECEIVABLE FROM AFFILIATE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8INVESTMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9ACCOUNTS PAYABLE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10VARIOUS OTHER PROJECTS 10246. 0. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990EZ, Part II, Line 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Form 990, Part III, Line 4d
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MEMPHIS ROTARY CLUB
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PHILANTHROPIC AND COMMUNITY PROJECTS
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IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
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IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052340
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt045514
IRS990/TotalFunctionalExpensesGrp/TotalAmt097854
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt06417
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0924926
IRS990/TotalOtherProgSrvcExpenseAmt010246
IRS990/TotalProgramServiceExpensesAmt045514
IRS990/TotalRevenueGrp/ExclusionAmt050265
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt093766
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0957818
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0931343
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0940150
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0922426
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 3957
IRS990/USAddress/CityNm0CORDOVA
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038088
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WARREN RICHEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT ELECT
ReturnHeader/BusinessOfficerGrp/PhoneNum09015261318
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHIS ROTARY FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0626096310
ReturnHeader/Filer/PhoneNum09015261318
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04140F39D7D7B30C8D36C5039010ED1687F5C8882
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0216.37.83.196
ReturnHeader/FilingSecurityInformation/IPDt02019-05-09

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.06$0.15$0.08
2024Detailed filing. Detailed filing data is available for this year.$0.71$0.00$0.71$0.08$0.16$0.08
2023Detailed filing. Detailed filing data is available for this year.$0.75$0.00$0.75$0.02$0.13$0.11
2022Detailed filing. Detailed filing data is available for this year.$0.81$0.01$0.80$0.10$0.12$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.02$0.95$0.08$0.12$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$0.07$0.07$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.93$0.02$0.91$0.12$0.08$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.93$0.01$0.92$0.09$0.10$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.10$0.15$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.09$0.14$0.04
2015Summary only. Only limited summary data is available for this year.$1.05$0.00$1.05$0.13$0.22$0.08
2014Summary only. Only limited summary data is available for this year.$1.28$0.03$1.24$0.14$0.18$0.04
2013Summary only. Only limited summary data is available for this year.$1.24$0.02$1.21$0.22$0.10$0.12
2012Summary only. Only limited summary data is available for this year.$1.16$0.04$1.12$0.11$0.10$0.01
2011Summary only. Only limited summary data is available for this year.$1.18$0.04$1.14$0.13$0.13$0.01