Civic Intelligence

Multinational Memphis Inc

990 • Fiscal year 2022 • EIN 82-5199761

Oct 01, 2021 to Sep 30, 2022 • Filed on May 15, 2023

815 N Mclean BlvdMemphis, TN 38107

(901) 832-9061

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.14x

Higher debt load relative to assets than 82% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

77th percentile

0.05x

Higher debt load relative to revenue than 77% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

22nd percentile

-15%

Higher net margin than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

93rd percentile

$50,643

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 13.3% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

15th percentile

-32%

Faster asset growth than 15% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

22nd percentile

-23%

Faster revenue growth than 22% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$119,990

Down $56,753 (-32%) from 2021

Net Assets

Down

$102,708

Down $58,764 (-36%) from 2021

Liabilities

Up

$17,282

Up $2,011 (+13%) from 2021

Revenue

Down

$381,242

Down $114,887 (-23%) from 2021

Expenses

Up

$440,006

Up $94,818 (+27%) from 2021

Net Income

Down

-$58,764

Down $209,705 (-139%) from 2021

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0-$50KAssets 2020: $64,559Liabilities 2020: $54,028Net Assets 2020: $10,5312020Assets 2021: $176,743Liabilities 2021: $15,271Net Assets 2021: $161,4722021Assets 2022: $119,990Liabilities 2022: $17,282Net Assets 2022: $102,7082022Assets 2023: $45,606Liabilities 2023: $16,770Net Assets 2023: $28,8362023Assets 2024: $145,193Liabilities 2024: $148,113Net Assets 2024: -$2,9202024Assets 2025: $131,579Liabilities 2025: $90,970Net Assets 2025: $40,6092025

Highlighted filing

2022

Assets$119,990
Liabilities$17,282
Net Assets$102,708

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2020: $410,103Expenses 2020: $314,581Net Income 2020: $95,5222020Revenue 2021: $496,129Expenses 2021: $345,188Net Income 2021: $150,9412021Revenue 2022: $381,242Expenses 2022: $440,006Net Income 2022: -$58,7642022Revenue 2023: $493,088Expenses 2023: $566,960Net Income 2023: -$73,8722023Revenue 2024: $406,640Expenses 2024: $438,396Net Income 2024: -$31,7562024Revenue 2025: $450,087Expenses 2025: $406,558Net Income 2025: $43,5292025

Highlighted filing

2022

Revenue$381,242
Expenses$440,006
Net Income-$58,764
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$384,255
Mission and Program Overview

Mission

Multinational memphis is a not for profit organization that shows kindness to refugee and immigrant limited english speaking families in memphis, tn by helping them to feel accepted, understand this culture, achieve academic success, and feel the love of god.

Multinational memphis is a not-for-profit organization that shows kindness to refugee and immigrant limited english speaking families in memphis, tn by helping them to feel accepted, understand the american culture, achieve academic success, and feel the love of god.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,555$119,990▼ $2,565
Pledges and Grants Receivable$54,188--
Total Assets$176,743$119,990▼ $56,753
Liabilities
Accounts Payable and Accrued Expenses$15,271$17,282▲ $2,011
Total Liabilities$15,271$17,282▲ $2,011
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$156,015$90,640▼ $65,375
Net Assets With Donor Restrictions$5,457$12,068▲ $6,611
Total Net Assets Fund Balance$161,472$102,708▼ $58,764
Total Liabilities and Net Assets / Fund Balance$176,743$119,990▼ $56,753
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Laurie GravesExecutive DirectorFT$48,461$2,182$50,643

Board Members and Trustees

NameTitle
Suzie BowenBoard Chair
Catherine HutchinsonDirector
Chasity NguyenDirector
Laurie YarbroughDirector
Loye EllsworthDirector
Maria GarciaDirector
Marion QuinlenDirector
Pablo VarelaDirector
Monte BurnsSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$382,188
Program Service Revenue
$367
Investment Income
$0
Other Revenue
$-1,313
All Other Contributions
$271,609
Change in Net Assets
$-58,764
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$324,794
Other Expenses$115,212
Total Fundraising Expense$5,918
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$208,545$9,380$1,676$219,601
Current Officers, Directors, Trustees, and Key Employees$43,000$4,000$1,000$48,000
Other Employee Benefits$33,052$1,355$277$34,684
Occupancy$28,147$1,300-$29,447
Payroll Taxes$21,158$1,126$225$22,509
Fees for Services Accounting-$8,175-$8,175
Other Expenses$5,312$4,671$2,740$5,312
Fees for Services Other$5,228--$5,228
Insurance-$3,894-$3,894
Office Expenses$1,573$1,224-$2,797
Advertising$1,120--$1,120
Total Functional Expenses$396,424$37,664$5,918$440,006
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$3,013
Fundraising Gross Income$1,700
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Soup Fest$15,608$1,700$3,013$-1,313
Total Events$15,608$1,700$3,013$-1,313
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
Yes
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
Yes
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 B, Line 11B

The return preparer provided a copy of the final version of form 990 to the board of directors before it was filed. Additionally, the board of directors reviewed and approved the return before the return was filed.

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

Officers and directors are required to complete an annual conflict of interest survey and provide detailed information on any potential conflicts with overall board of directors review and approval.

Form 990, Part VI, Section B, Line 15

The board of directors reviews compensation packages of similar organizations and formally approves compensation packages including benefits for the executive director and all employees.

Form 990, Part VI, Section C, Line 19

Multinational memphis, inc. Provides public inspection of its financial statements and other governing documents upon request. The organization maintains a separate binder marked "open for public inspection" of their forms 1023 and current 990.

Filing and Contact Details

Filer

Filer Name
Multinational Memphis Inc
EIN
82-5199761
Phone
9018329061
Address
815 N MCLEAN BLVD, MEMPHIS, TN 38107

Signing Officer

Name
Laurie Graves
Title
Executive Director
Phone
9017292931
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laurie Graves
Formed
2019
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
46
Volunteers
50

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
1755 KIRBY PARKWAY SUITE 200, MEMPHIS, TN 38120
Preparer
Richard L Webb CPA
Phone
9016834234
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The governing board overseeing the annual review selects an independent accountant based on qualifications.

Financial Statement Notes

PART X, LINE 2:

Multinational memphis follows the accounting guidance for uncertainty in income taxes using the provisions of fasb accounting standards codification (asc) topic 740, income taxes. Based on its evaluation, the association has concluded that there are no significant uncertain tax positions requiring recognition in its financial statements. The association's evaluation was performed for the tax years ended september 30, 2022, the initial year for filing and the only open year subject to examination by major tax jurisdictions.

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IRS990ScheduleA/PublicSupportTotal170Amt01292018
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0383888
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0496767
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0411363
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01292018
IRS990ScheduleA/TotalSupportAmt01292450
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/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MULTINATIONAL MEMPHIS FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE ASSOCIATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ASSOCIATION'S EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED SEPTEMBER 30, 2022, THE INITIAL YEAR FOR FILING AND THE ONLY OPEN YEAR SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt013908
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt013908
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt03013
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SOUP FEST
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt015608
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt015608
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt01700
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt01700
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1313
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt03013
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt03013
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE BOARD OF DIRECTORS BEFORE IT WAS FILED. ADDITIONALLY, THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE RETURN BEFORE THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OFFICERS AND DIRECTORS ARE REQUIRED TO COMPLETE AN ANNUAL CONFLICT OF INTEREST SURVEY AND PROVIDE DETAILED INFORMATION ON ANY POTENTIAL CONFLICTS WITH OVERALL BOARD OF DIRECTORS REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REVIEWS COMPENSATION PACKAGES OF SIMILAR ORGANIZATIONS AND FORMALLY APPROVES COMPENSATION PACKAGES INCLUDING BENEFITS FOR THE EXECUTIVE DIRECTOR AND ALL EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MULTINATIONAL MEMPHIS, INC. PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS AND OTHER GOVERNING DOCUMENTS UPON REQUEST. THE ORGANIZATION MAINTAINS A SEPARATE BINDER MARKED "OPEN FOR PUBLIC INSPECTION" OF THEIR FORMS 1023 AND CURRENT 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE GOVERNING BOARD OVERSEEING THE ANNUAL REVIEW SELECTS AN INDEPENDENT ACCOUNTANT BASED ON QUALIFICATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
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IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0176743
IRS990/TotalAssetsEOYAmt0119990
IRS990/TotalAssetsGrp/BOYAmt0176743
IRS990/TotalAssetsGrp/EOYAmt0119990
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0382188
IRS990/TotalEmployeeCnt046
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt05918
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037664
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0396424
IRS990/TotalFunctionalExpensesGrp/TotalAmt0440006
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015271
IRS990/TotalLiabilitiesEOYAmt017282
IRS990/TotalLiabilitiesGrp/BOYAmt015271
IRS990/TotalLiabilitiesGrp/EOYAmt017282
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0161472
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0102708
IRS990/TotalOtherCompensationAmt02182
IRS990/TotalProgramServiceExpensesAmt0396424
IRS990/TotalProgramServiceRevenueAmt0367
IRS990/TotalReportableCompFromOrgAmt048461
IRS990/TotalRevenueGrp/ExclusionAmt0-1313
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0367
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0381242
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt050
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176743
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0119990
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0815 N MCLEAN BLVD
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038107
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.MULTINATIONALMEMPHIS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURIE GRAVES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09017292931
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MULTINATIONAL MEMPHIS INC
ReturnHeader/Filer/BusinessNameControlTxt0MULT
ReturnHeader/Filer/EIN0825199761
ReturnHeader/Filer/PhoneNum09018329061
ReturnHeader/Filer/USAddress/AddressLine1Txt0815 N MCLEAN BLVD
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038107
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621114363
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HENDERSON HUTCHERSON & MCCULLOUGH PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01755 KIRBY PARKWAY SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038120
ReturnHeader/PreparerPersonGrp/PhoneNum09016834234
ReturnHeader/PreparerPersonGrp/PreparationDt02023-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RICHARD L WEBB CPA
ReturnHeader/ReturnTs02023-11-10T15:45:11-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0LAURIE

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