Civic Intelligence

Vibrant Memphis Inc.

990 • Fiscal year 2018 • EIN 82-0904035

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 24, 2019

Organization ProfileWWW.EPICENTERMEMPHIS.ORG
902 S Cooper StreetMemphis, TN 38104

(901) 500-6368

Siviq Scores

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

Liabilities / Assets

31st percentile

0.07x

Higher debt load relative to assets than 31% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

21st percentile

0.07x

Higher debt load relative to revenue than 21% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

68th percentile

$237,079

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

99th percentile

872%

Faster asset growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

99th percentile

495%

Faster revenue growth than 99% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$13,328,599

Up $11,957,650 (+872%) from 2017

Net Assets

Up

$12,367,697

Up $11,069,196 (+852%) from 2017

Liabilities

Up

$960,902

Up $888,454 (+1226%) from 2017

Revenue And Expenses
Liabilities / Revenue21st percentileNet Margin96th percentile

Revenue

Up

$14,745,311

Up $12,268,626 (+495%) from 2017

Expenses

Up

$3,642,354

Up $2,464,172 (+209%) from 2017

Net Income

Up

$11,102,957

Up $9,804,454 (+755%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2017: $1,370,949Liabilities 2017: $72,448Net Assets 2017: $1,298,5012017Assets 2018: $13,328,599Liabilities 2018: $960,902Net Assets 2018: $12,367,6972018Assets 2019: $16,461,532Liabilities 2019: $964,822Net Assets 2019: $15,496,7102019Assets 2020: $18,883,735Liabilities 2020: $2,258,328Net Assets 2020: $16,625,4072020Assets 2021: $19,880,886Liabilities 2021: $4,145,450Net Assets 2021: $15,735,4362021Assets 2022: $17,288,383Liabilities 2022: $3,789,977Net Assets 2022: $13,498,4062022Assets 2023: $16,065,247Liabilities 2023: $3,557,055Net Assets 2023: $12,508,1922023Assets 2024: $15,176,167Liabilities 2024: $3,279,774Net Assets 2024: $11,896,3932024

Highlighted filing

2018

Assets$13,328,599
Liabilities$960,902
Net Assets$12,367,697
Open 2018 Filing

Operations Trend

Revenue Growth99th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2017: $2,476,685Expenses 2017: $1,178,182Net Income 2017: $1,298,5032017Revenue 2018: $14,745,311Expenses 2018: $3,642,354Net Income 2018: $11,102,9572018Revenue 2019: $6,744,279Expenses 2019: $3,804,488Net Income 2019: $2,939,7912019Revenue 2020: $5,366,483Expenses 2020: $4,237,786Net Income 2020: $1,128,6972020Revenue 2021: $2,783,167Expenses 2021: $3,673,138Net Income 2021: -$889,9712021Revenue 2022: $1,271,310Expenses 2022: $3,508,340Net Income 2022: -$2,237,0302022Revenue 2023: $2,621,131Expenses 2023: $3,611,345Net Income 2023: -$990,2142023Revenue 2024: $2,961,869Expenses 2024: $3,573,668Net Income 2024: -$611,7992024

Highlighted filing

2018

Revenue$14,745,311
Expenses$3,642,354
Net Income$11,102,957
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 24, 2019
Return Version
2018v3.1
Gross Receipts
$14,745,311
Mission and Program Overview

Mission

Act as the hub for entrepreneurial support in memphis, creating 500 companies and serving 1000 entrepreneurs in 10 years through attraction and development of talent, converting ideas to businesses, attracting capital, and assisting in customer acquisition.

Creates a just, inclusive, and growing regional economy by driving strategy and measuring impact among a network of partners to increase support to new and existing entrepreneurs in converting ideas to businesses, developing talent, attracting capital, and acquiring customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$8,997,990▲ $8,997,990
Cash and Non-Interest-Bearing Accounts$1,215,437$4,187,104▲ $2,971,667
Investments Program Related$125,000$125,000→ $0
Land, Buildings, and Equipment, Net$13,000$11,655▼ $1,345
Prepaid Expenses and Deferred Charges$0$6,850▲ $6,850
Total Assets$1,353,437$13,328,599▲ $11,975,162
Liabilities
Other Liabilities$0$846,590▲ $846,590
Accounts Payable and Accrued Expenses$88,697$114,312▲ $25,615
Total Liabilities$88,697$960,902▲ $872,205
Net Assets / Fund Balance
Permanently Rstr Net Assets$99,680$8,967,990▲ $8,868,310
Unrestricted Net Assets$1,165,060$3,399,707▲ $2,234,647
Total Net Assets Fund Balance$1,264,740$12,367,697▲ $11,102,957
Total Liabilities and Net Assets / Fund Balance$1,353,437$13,328,599▲ $11,975,162

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,655$1,793$13,448
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Leslie Lynn SmithPresident & CEOFT$209,910$27,169$237,079
MICHAEL O'ROURKETreasurerFT$63,000-$63,000

Board Members and Trustees

NameTitle
David WaddellChairman
Richard SmithVice Chair
Alfred WashingtonDirector
Andrew SeamonsDirector
Kayla GraffDirector
Kojo MclennonDirector
Spence Wilson JrDirector
Shea FlinnSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Start CoCurriculum Development & Support88 UNION AVE 2ND FLOOR, Memphis, TN 38103$150,000
Memphis Bioworks FoundationGrants Administration20 DUDLEY STREET STE 900, Memphis, TN 38103$102,333
Revenue and Support

Revenue Composition

Contributions and Grants
$14,619,279
Program Service Revenue
$110,092
Investment Income
$0
Other Revenue
$15,940
All Other Contributions
$14,395,638
Change in Net Assets
$11,102,957

Audited Revenue Reconciliation

Revenue per Audited Statements
$14,745,311
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$14,745,311
Total Revenue per Form 990
$14,745,311
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,521,418
Salaries, Compensation, and Employee Benefits$1,090,936
Total Fundraising Expense$242,949
Grants and Similar Amounts Paid$30,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$405,786$152,419$46,484$604,689
Fees for Services Other$337,431$64,007$34,109$435,547
Current Officers, Directors, Trustees, and Key Employees$75,020$106,520$118,540$300,080
Occupancy$108,302$27,076-$135,378
Pension Plan Contributions$65,632$35,346$22,526$123,504
Travel$40,453$48,137$9,361$97,951
Advertising$25,700$51,234$500$77,434
Other Employee Benefits$33,300$17,934$11,429$62,663
All Other Expenses$46,494$4,689-$51,183
Other Expenses$46,881$600$0$47,481
Office Expenses$18,788$23,877-$42,665
Fees for Services Accounting-$34,700-$34,700
Grants to Domestic Orgs$30,000--$30,000
Fees for Services Legal-$5,199-$5,199
Depreciation Depletion$1,345--$1,345
Total Functional Expenses$2,767,110$632,295$242,949$3,642,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,642,354
Total Expenses per Audited Statements$3,642,354
Total Expenses per Form 990$3,642,354
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Renaissance Services GroupMemphis, TN-Business Plan Competition Prize$20,000
Indie MemphisMemphis, TN501(c)(3)Competition Prize$10,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Promise to Pay$746,590
Payable to Related Entity$100,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Richard smith and kayla graff have a business relationship.”

Form 990, Part VI, Section B, Line 11B

“The president/ceo and the treasurer/coo review the form 990 and gather information from other team members as required.”

Form 990, Part VI, Section B, Line 12C

“The policy has been addressed multiple times with the board of directors, including the responsibilities of individuals. The policy is distributed annually for review and signature. Management carefully monitors all transactions with the organization to identify potential conflicts, if any.”

Form 990, Part VI, Section C, Line 19

“Governing documents and conflict of interest policy would be available on request. Financials and form 990 will be posted at candid.org.”

Filing and Contact Details

Filer

Filer Name
Vibrant Memphis Inc
EIN
82-0904035
Phone
9015006368
Address
902 S COOPER STREET, MEMPHIS, TN 38104
Doing Business As
Epicenter

Signing Officer

Name
Leslie Lynn Smith
Title
President and CEO
Phone
9015006368
Signed
2019-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leslie Lynn Smith
Formed
2017
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
8
Employees
16
Volunteers
0

Preparer

Firm
Watkins Uiberall Pllc
Address
1661 AARON BRENNER DR STE 300, MEMPHIS, TN 38120
Preparer
Daniel J Moore
Phone
9017612720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Payroll processing fees: program service expenses 0. Management and general expenses 6,725. Fundraising expenses 0. Total expenses 6,725. Contract services: program service expenses 337,431. Management and general expenses 57,282. Fundraising expenses 34,109. Total expenses 428,822.”

FORM 990, PART XII, LINE 2C:

“The process did not change from the prior year.”

FORM 990 SUPPLEMENT:

“Epicenter has announced a plan to raise $100 million dollars over 4-6 years to support entrepreneurial activities and capital investment in memphis. In support of that effort, epicenter received certain multi-year commitments from donors in 2018. Under recently adopted accounting pronouncements, epicenter has recognized the full remaining amount of these multi-year commitments as accrued revenue and receivables in 2018, creating a large surplus in the year. The result is that substantial cash to be received in 2019 and subsequent years for those commitments will be available for future programmatic and operating expenses but has been reflected as accrued revenue in 2018.”

Raw XML AppendixShowing 400 of 494 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.

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IRS990/Desc0PROVIDING A FULL-RANGE OF ENTREPRENEURIAL SUPPORT SERVICES INCLUDING MENTORSHIP AND EXECUTIVES IN RESIDENCE, BOOT CAMP TRAINING, INCUBATION AND COWORKING, ATTRACTION OF NEW DEBT AND EQUITY CAPITAL, NETWORKING AND EVENTS, CORPORATE AND CUSTOMER ENGAGEMENT. WORKING WITH PARTNERS TO STRENGTHEN THE ENTREPRENEURIAL ECOSYSTEM SO THAT AVAILABLE RESOURCES ARE DEPLOYED EFFECTIVELY. SERVICES DESIGNED TO BRING BENEFITS OF ECONOMIC DEVELOPMENT TO ALL RESIDENTS OF MEMPHIS EQUITABLY, WITH DIVERSITY AND INCLUSION A CRITICAL PART OF ALL THAT EPICENTER DOES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/MissionDesc0ACT AS THE HUB FOR ENTREPRENEURIAL SUPPORT IN MEMPHIS, CREATING 500 COMPANIES AND SERVING 1000 ENTREPRENEURS IN 10 YEARS THROUGH ATTRACTION AND DEVELOPMENT OF TALENT, CONVERTING IDEAS TO BUSINESSES, ATTRACTING CAPITAL, AND ASSISTING IN CUSTOMER ACQUISITION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01264740
IRS990/NetAssetsOrFundBalancesEOYAmt012367697
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt027076
IRS990/OccupancyGrp/ProgramServicesAmt0108302
IRS990/OccupancyGrp/TotalAmt0135378
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt023877
IRS990/OfficeExpensesGrp/ProgramServicesAmt018788
IRS990/OfficeExpensesGrp/TotalAmt042665
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt011429
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017934
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt033300
IRS990/OtherEmployeeBenefitsGrp/TotalAmt062663
IRS990/OtherExpensesGrp/Desc0CONTRACTS - PROGRAM REL
IRS990/OtherExpensesGrp/Desc1SPONSORSHIPS - PROGRAM
IRS990/OtherExpensesGrp/Desc2BUSINESS EXPENSES
IRS990/OtherExpensesGrp/Desc3EVENT COSTS
IRS990/OtherExpensesGrp/FundraisingAmt00
IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt060557
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1600
IRS990/OtherExpensesGrp/ProgramServicesAmt01412012
IRS990/OtherExpensesGrp/ProgramServicesAmt1110867
IRS990/OtherExpensesGrp/ProgramServicesAmt29099
IRS990/OtherExpensesGrp/ProgramServicesAmt346881
IRS990/OtherExpensesGrp/TotalAmt01412012
IRS990/OtherExpensesGrp/TotalAmt1110867
IRS990/OtherExpensesGrp/TotalAmt269656
IRS990/OtherExpensesGrp/TotalAmt347481
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0846590
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015940
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015940
IRS990/OtherRevenueTotalAmt015940
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046484
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0152419
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0405786
IRS990/OtherSalariesAndWagesGrp/TotalAmt0604689
IRS990/PartialLiquidationInd00
IRS990/PensionPlanContributionsGrp/FundraisingAmt022526
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt035346
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt065632
IRS990/PensionPlanContributionsGrp/TotalAmt0123504
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt099680
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt08967990
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08997990
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06850
IRS990/PrincipalOfficerNm0LESLIE LYNN SMITH
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0COWORKING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0110092
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0110092
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02350577
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt016900
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0450178
IRS990/PYOtherRevenueAmt0781
IRS990/PYProgramServiceRevenueAmt0120108
IRS990/PYRevenuesLessExpensesAmt01264740
IRS990/PYSalariesCompEmpBnftPaidAmt0739648
IRS990/PYTotalExpensesAmt01206726
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02471466
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt011102957
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0126032
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014619279
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02350577
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt016969856
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0246921
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt06488047
IRS990ScheduleA/SubstantialContributorsTotAmt010481809
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt014619279
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02350577
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt016969856
IRS990ScheduleA/TotalSupportAmt016969856
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt011655
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01793
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013448
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03642354
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0746590
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1100000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PROMISE TO PAY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PAYABLE TO RELATED ENTITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt014745311
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011655
IRS990ScheduleD/TotalExpensesPerForm990Amt03642354
IRS990ScheduleD/TotalLiabilityAmt0846590
IRS990ScheduleD/TotalRevenuePerForm990Amt014745311
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt014745311
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03642354
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt010000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0COMPETITION PRIZE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1BUSINESS PLAN COMPETITION PRIZE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0INDIE MEMPHIS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RENAISSANCE SERVICES GROUP
IRS990ScheduleI/RecipientTable/RecipientEIN0262165160
IRS990ScheduleI/RecipientTable/RecipientEIN1812058094
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01910 MADISON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11229 CENTRAL AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038104
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd138104
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0209910
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt027169
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LESLIE LYNN SMITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0237079
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE CEO'S SALARY IS APPROVED BY THE BOARD.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RICHARD SMITH AND KAYLA GRAFF HAVE A BUSINESS RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT/CEO AND THE TREASURER/COO REVIEW THE FORM 990 AND GATHER INFORMATION FROM OTHER TEAM MEMBERS AS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE POLICY HAS BEEN ADDRESSED MULTIPLE TIMES WITH THE BOARD OF DIRECTORS, INCLUDING THE RESPONSIBILITIES OF INDIVIDUALS. THE POLICY IS DISTRIBUTED ANNUALLY FOR REVIEW AND SIGNATURE. MANAGEMENT CAREFULLY MONITORS ALL TRANSACTIONS WITH THE ORGANIZATION TO IDENTIFY POTENTIAL CONFLICTS, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WOULD BE AVAILABLE ON REQUEST. FINANCIALS AND FORM 990 WILL BE POSTED AT CANDID.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,725. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,725. CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 337,431. MANAGEMENT AND GENERAL EXPENSES 57,282. FUNDRAISING EXPENSES 34,109. TOTAL EXPENSES 428,822.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EPICENTER HAS ANNOUNCED A PLAN TO RAISE $100 MILLION DOLLARS OVER 4-6 YEARS TO SUPPORT ENTREPRENEURIAL ACTIVITIES AND CAPITAL INVESTMENT IN MEMPHIS. IN SUPPORT OF THAT EFFORT, EPICENTER RECEIVED CERTAIN MULTI-YEAR COMMITMENTS FROM DONORS IN 2018. UNDER RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS, EPICENTER HAS RECOGNIZED THE FULL REMAINING AMOUNT OF THESE MULTI-YEAR COMMITMENTS AS ACCRUED REVENUE AND RECEIVABLES IN 2018, CREATING A LARGE SURPLUS IN THE YEAR. THE RESULT IS THAT SUBSTANTIAL CASH TO BE RECEIVED IN 2019 AND SUBSEQUENT YEARS FOR THOSE COMMITMENTS WILL BE AVAILABLE FOR FUTURE PROGRAMMATIC AND OPERATING EXPENSES BUT HAS BEEN REFLECTED AS ACCRUED REVENUE IN 2018.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,328,599
Liabilities
$960,902
Net assets
$12,367,697
Revenue
$14,745,311
Expenses
$3,642,354
Net income
$11,102,957
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$3.28$11.9$2.96$3.57$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$3.56$12.5$2.62$3.61$0.99
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.3$3.79$13.5$1.27$3.51$2.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.9$4.15$15.7$2.78$3.67$0.89
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.9$2.26$16.6$5.37$4.24$1.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.5$0.96$15.5$6.74$3.80$2.94
2018Detailed filing. Detailed filing data is available for this year.$13.3$0.96$12.4$14.7$3.64$11.1
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.37$0.07$1.30$2.48$1.18$1.30