Civic Intelligence

Memphis Rotary Foundation

990 • Fiscal year 2023 • EIN 62-6096310

Jul 01, 2022 to Jun 30, 2023 • Filed on Nov 08, 2023

2641 Holly SpringGermantown, TN 38138

(901) 526-1318

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Down

$754,041

Down $57,223 (-7.1%) from 2022

Net Assets

Down

$754,041

Down $44,755 (-5.6%) from 2022

Liabilities

Down

$0

Down $12,468 (-100%) from 2022

Revenue And Expenses

Revenue

Down

$18,768

Down $80,767 (-81%) from 2022

Expenses

Up

$133,504

Up $17,010 (+15%) from 2022

Net Income

Down

-$114,736

Down $97,777 (-577%) from 2022

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

2023

Assets$754,041
Liabilities$0
Net Assets$754,041

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

2023

Revenue$18,768
Expenses$133,504
Net Income-$114,736
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$204,801
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$654,731$599,755▼ $54,976
Other Notes and Loans Receivable, Net$111,632$107,289▼ $4,343
Investments Other Securities$17,174$18,842▲ $1,668
Savings and Temporary Cash Investments$24,504$13,212▼ $11,292
Accounts Receivable$3,223$10,772▲ $7,549
Prepaid Expenses and Deferred Charges-$4,171-
Total Assets$811,264$754,041▼ $57,223
Liabilities
Accounts Payable and Accrued Expenses$12,468--
Total Liabilities$12,468$0▼ $12,468
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$789,096$749,341▼ $39,755
Net Assets With Donor Restrictions$9,700$4,700▼ $5,000
Total Net Assets Fund Balance$798,796$754,041▼ $44,755
Total Liabilities and Net Assets / Fund Balance$811,264$754,041▼ $57,223

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$783,537-▲ $53,010$89,635$725,887
2021$952,722-▼ $87,596$64,455$783,537
2020$847,532-▲ $175,200$55,308$952,722
2019$899,854-▼ $14,442$28,031$847,532
2018$901,601-▲ $16,021$13,681$899,854
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Taylor HughesExecutive DirectorPT$81,625$4,123$85,748

Board Members and Trustees

NameTitle
Otis SandfordPast President
Joe BirchPresident
Amy Beth DudleyPresident-elect
Brett BattersonPresident-elect Nominee
Chuck ThomasVice President
Arthur OliverDirector
Chris EwingDirector
Jim Gilliland JrDirector
Shawn MasseyDirector
Jeff MorrisAssistant Treasurer
Michael PeelerSecretary
Lea CarrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,694
Program Service Revenue
$0
Investment Income
$-13,558
Other Revenue
$14,632
All Other Contributions
$17,694
Change in Net Assets
$-114,736
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$92,198
Other Expenses$35,206
Grants and Similar Amounts Paid$6,100
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$61,219$20,407$0$81,626
Grants to Domestic Orgs$6,100--$6,100
Other Employee Benefits$4,231$1,410$0$5,641
All Other Expenses$3,737$1,326$0$5,063
Payroll Taxes$3,698$1,233$0$4,931
Fees for Service Investment Mgmnt Fees$0$3,412$0$3,412
Office Expenses$2,196$732$0$2,928
Other Expenses$1,033$0$0$1,033
Total Functional Expenses$104,984$28,520$0$133,504
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rotary International FoundationEvanston, IL-Service Projects$6,100
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,171
Fundraising Direct Expenses$9,011
Gaming Gross Income$6,472
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Cafe Du Memphis$9,173$9,173$5,110$4,063
Clays$7,317$7,317$3,901$3,416
Total Events$16,490$16,490$9,011$7,479
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
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
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
2641 HOLLY SPRING, GERMANTOWN, TN 38138

Signing Officer

Name
Joe Birch
Title
President
Phone
9015261318
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joe Birch
Formed
1982
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
1
Volunteers
0

Preparer

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

Additional Explanations

Pt VI, Line 11B

The 990 was emailed to all board members prior to filing.

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.

Other

Part vii, col b. Average of 1 hr/wk for each listed board member for related organization, memphis rotary club, includes time spent on foundation business.

Form 990, Part III, Line 4D

Various other projects 1033. 0. 0.

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IRS990/OtherExpensesGrp/ProgramServicesAmt31033
IRS990/OtherExpensesGrp/TotalAmt06074
IRS990/OtherExpensesGrp/TotalAmt114525
IRS990/OtherExpensesGrp/TotalAmt22171
IRS990/OtherExpensesGrp/TotalAmt31033
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt020407
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt061219
IRS990/OtherSalariesAndWagesGrp/TotalAmt081626
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0111632
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IRS990/PayrollTaxesGrp/FundraisingAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01233
IRS990/PayrollTaxesGrp/ProgramServicesAmt03698
IRS990/PayrollTaxesGrp/TotalAmt04931
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04171
IRS990/PrincipalOfficerNm0JOE BIRCH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0ROTARY INTERNATIONAL PROGRAMS AND PROJECTS THE MISSION OF THE ROTARY INTERNATIONAL FOUNDATION IS TO ENABLE ROTARIANS TO ADVANCE WORLD UNDERSTANDING, GOODWILL, AND PEACE THROUGH THE IMPROVEMENT OF HEALTH, THE SUPPORT OF EDUCATION AND THE ALLEVIATION OF POVERTY. THE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION SUPPORTED SOLELY BY VOLUNTARY CONTRIBUTIONS FROM ROTARIANS AND FRIENDS OF THE FOUNDATION WHO SHARE ITS VISION OF A BETTER WORLD. THE MEMPHIS ROTARY FOUNDATION DONATES ON BEHALF OF ITS MEMBERS EACH YEAR. DONATION TO ROTARY INTERNATIONAL 6,100 HONDURAS WATER PROJECT 6,074
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt012174
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt00
IRS990/ProgSrvcAccomActy3Grp/Desc0ADVANCEMENT OF ROTARY GOALS AND IDEALS THROUGH EXPLORATION OF COMMUNITY NEEDS AND SERVICE OPPORTUNITIES AND DEVELOPMENT OF NEW SERVICE PROJECTS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt075081
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt00
IRS990/ProgSrvcAccomActyOtherGrp/Desc0VARIOUS OTHER PROJECTS DIRECT EXPENDITURES FOR VARIOUS OTHER SERVICE PROJECTS INCLUDING YOUTH LEADERSHIP
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt01033
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
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IRS990/PYContributionsGrantsAmt018341
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IRS990/PYGrantsAndSimilarPaidAmt023175
IRS990/PYInvestmentIncomeAmt051587
IRS990/PYOtherExpensesAmt024582
IRS990/PYOtherRevenueAmt029607
IRS990/PYRevenuesLessExpensesAmt0-16959
IRS990/PYSalariesCompEmpBnftPaidAmt068737
IRS990/PYTotalExpensesAmt0116494
IRS990/PYTotalRevenueAmt099535
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-114736
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IRS990/RelatedEntityInd0true
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IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt024504
IRS990/SavingsAndTempCashInvstGrp/EOYAmt013212
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt032326
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt047948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt030920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt044797
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0190483
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt019148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt040234
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt037869
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt033931
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt069071
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0200253
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48750
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.48610
IRS990ScheduleA/PublicSupportTotal170Amt0190483
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt032326
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt047948
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt030920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034492
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt044797
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0190483
IRS990ScheduleA/TotalSupportAmt0390736
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BoardDesignatedBalanceEOYPct01.00000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt021025
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0783537
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0725887
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt053010
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt089635
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt017134
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0952722
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0783537
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-87596
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt064455
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt014702
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0847532
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0952722
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0175200
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt055308
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt09849
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0899854
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0847532
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-14442
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt028031
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt04087
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0901601
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0899854
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt016021
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt013681
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09011
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0CLAYS
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CAFE DU MEMPHIS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt07317
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt09173
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016490
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt07317
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt09173
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt016490
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt07479
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt09011
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03901
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt05110
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt06100
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SERVICE PROJECTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ROTARY INTERNATIONAL FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0363245072
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01560 SHERMAN AVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0EVANSTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0IL

Document Assets

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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