Civic Intelligence

Memphis Praise Corporation

EIN 83-0986062 • 501(c)3 • Collierville, TN

Profile

Set up for charitable work in memphis and shelby county including encouraging the praise of our lord jesus christ

1020 Center RidgeCollierville, TN 38017
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

21st percentile

-24%

Higher net margin than 21% of similar nonprofits.

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

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

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

Asset Growth

100th percentile

4003500%

Faster asset growth than 100% of similar nonprofits.

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

Revenue Growth

12th percentile

-68%

Faster revenue growth than 12% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$40,036

Up $40,036 from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$40,036

Up $40,036 from 2021

Operations
Liabilities / Revenue62nd percentileNet Margin21st percentile

Revenue

Down

$5,300

Down $11,525 (-68%) from 2021

Expenses

$6,564

No earlier filing loaded for comparison.

Net Income

-$1,264

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth100th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2018: $1Liabilities 2018: $02018Assets 2019: $0Net Assets 2019: $02019Assets 2020: $1Liabilities 2020: $02020Assets 2021: $0Net Assets 2021: $02021Assets 2022: $40,036Net Assets 2022: $40,0362022

Highlighted filing

2022

Assets$40,036
Liabilities-
Net Assets$40,036
Open 2022 Filing

Operations Trend

Revenue Growth12th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20KRevenue 2018: $0Expenses 2018: $0Net Income 2018: $02018Revenue 2019: $40,000Expenses 2019: $39,139Net Income 2019: $8612019Revenue 2020: $16,423Expenses 2020: $0Net Income 2020: $16,4232020Revenue 2021: $16,8252021Revenue 2022: $5,300Expenses 2022: $6,564Net Income 2022: -$1,2642022

Highlighted filing

2022

Revenue$5,300
Expenses$6,564
Net Income-$1,264
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$40,036
Liabilities
-
Net assets
$40,036
Revenue
$5,300
Expenses
$6,564
Net income
-$1,264
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$40.0$40.0$5.30$6.56$1.26
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$16.8
2020Summary only. Only limited summary data is available for this year.$0.00$0.00$16.4$0.00$16.4
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$40.0$39.1$0.86
2018Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 13, 2022
Return Version
2022v5.0
Gross Receipts
$5,300
Mission and Program Overview

Mission

Set up for charitable work in shelby county

Set up for charitable work in memphis and shelby county including encouraging the praise of our lord jesus christ

Program Services

DescriptionGrantsExpenses
MEMPHIS PRAISE CONTINUES PLANNING FOR FULL OPERATIONAL ACTIVITIES POST COVID-19.--
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
DR OLUGBENGA ADEBANJOPresident-$0--
DR LOLA ADEBANJOVice President-$0--
Filing and Contact Details

Filer

Filer Name
Memphis Praise Corporation
EIN
83-0986062
Phone
9012371331
Address
1020 CENTER RIDGE, COLLIERVILLE, TN 38017

Signing Officer

Name
Olu
Title
President
Phone
9012371333
Signed
2022-05-13
Discuss with paid preparer
Yes

Preparer

Firm
Dr Austin Emeagwai CPA
Address
4515 POPLAR AVE, SUITE 310, MEMPHIS, TN 38117
Preparer
Austin Emeagwai
Phone
9014280079
Supplemental Narrative

Additional Explanations

Part I, Line 16

“1) other expenses edquipment see form 4562 amount 6564”

990 EZ Page I,line 20

“Purchase of speakers, microphones, projectors and speaker stand”

Part II, Line 24

“1) description speakers mic speaker stand and projector boy amount 0 eoy amount 5300”

Raw XML Appendix133 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
IRS990EZ/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/PersonNm0DR OLUGBENGA ADEBANJO
IRS990EZ/BooksInCareOfDetail/PhoneNum09012371331
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01020 CENTER RIDGE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0COLLIERVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd038017
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt029436
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt034736
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd00
IRS990EZ/ContributionsGiftsGrantsEtcAmt05300
IRS990EZ/DonorAdvisedFndsInd00
IRS990EZ/EngagedInExcessBenefitTransInd00
IRS990EZ/ExcessOrDeficitForYearAmt0-1264
IRS990EZ/ForeignFinancialAccountInd00
IRS990EZ/ForeignOfficeInd00
IRS990EZ/Form1120PolFiledInd00
IRS990EZ/Form720FiledInd00
IRS990EZ/Form990TotalAssetsGrp/BOYAmt029436
IRS990EZ/Form990TotalAssetsGrp/EOYAmt040036
IRS990EZ/GrossReceiptsAmt05300
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/MadeLoansToFromOfficersInd00
IRS990EZ/NetAssetsOrFundBalancesBOYAmt029436
IRS990EZ/NetAssetsOrFundBalancesEOYAmt028172
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt029436
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt040036
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt04
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt13
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0DR OLUGBENGA ADEBANJO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DR LOLA ADEBANJO
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05300
IRS990EZ/OtherExpensesTotalAmt06564
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0SET UP FOR CHARITABLE WORK IN MEMPHIS AND SHELBY COUNTY INCLUDING ENCOURAGING THE PRAISE OF OUR LORD JESUS CHRIST
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0MEMPHIS PRAISE CONTINUES PLANNING FOR FULL OPERATIONAL ACTIVITIES POST COVID-19.
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SubjectToProxyTaxInd00
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TotalExpensesAmt06564
IRS990EZ/TotalRevenueAmt05300
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990ScheduleA/DistributableAmountGrp/CYAdjNetIncomeDistributableAmt00
IRS990ScheduleA/DistributableAmountGrp/CYDistributableAsAdjustedAmt00
IRS990ScheduleA/DistributableAmountGrp/CYGreaterAdjustedMinimumAmt00
IRS990ScheduleA/DistributableAmountGrp/CYIncomeTaxImposedPYAmt00
IRS990ScheduleA/DistributableAmountGrp/CYPct85AdjustedNetIncomeAmt00
IRS990ScheduleA/DistributableAmountGrp/CYTotalMinAstDistributableAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05300
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt016825
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt016423
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt026145
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt029935
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt094628
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct00.00000
IRS990ScheduleA/PublicSupportTotal509Amt094628
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05300
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt016825
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt016423
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt026145
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt029935
IRS990ScheduleA/Total509Grp/TotalAmt094628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05300
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt016825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt016423
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt026145
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt029935
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt094628
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
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt01) OTHER EXPENSES EDQUIPMENT SEE FORM 4562 AMOUNT 6564
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PURCHASE OF SPEAKERS, MICROPHONES, PROJECTORS AND SPEAKER STAND
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt21) DESCRIPTION SPEAKERS MIC SPEAKER STAND AND PROJECTOR BOY AMOUNT 0 EOY AMOUNT 5300
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1990 EZ PAGE I,LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2PART II, LINE 24
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0OLU
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09012371333
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MEMPHIS PRAISE CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MEMP
ReturnHeader/Filer/EIN0830986062
ReturnHeader/Filer/PhoneNum09012371331
ReturnHeader/Filer/USAddress/AddressLine1Txt01020 CENTER RIDGE
ReturnHeader/Filer/USAddress/CityNm0COLLIERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN
ReturnHeader/Filer/USAddress/ZIPCd038017
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0900359085
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DR AUSTIN EMEAGWAI CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04515 POPLAR AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0SUITE 310
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MEMPHIS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd038117
ReturnHeader/PreparerPersonGrp/PhoneNum09014280079
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AUSTIN EMEAGWAI
ReturnHeader/ReturnTs02023-08-08T14:15:46-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0OLU
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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