Porter-Leath FY2022 filing

Tax-deductible

Memphis, TN501(c)(3)Since 1860EIN 58-1409385

Empowering children and families to achieve a healthy, optimal and independent lifestyle.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$789K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $4.8M a year · 13% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$789K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $13K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.4M
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$36.2M
-39% vs prior year
Spent
$31.3M
To programs
85%
Net assets
$46.6M
By yearFY2020–FY2025
Revenue
$36.2M
FY2022▼ -39%
Revenue by fiscal year
FY2020$44.3M
FY2021$59.1M
FY2022$36.2M
FY2023$30.2M
FY2024$31.3M
FY2025$29.6M
Expenses
$31.3M
FY2022▼ -19%
Expenses by fiscal year
FY2020$38.7M
FY2021$38.5M
FY2022$31.3M
FY2023$31.4M
FY2024$30.1M
FY2025$31.6M
Net assets
$46.6M
FY2022▲ +11%
Net assets by fiscal year
FY2020$21.6M
FY2021$42.2M
FY2022$46.6M
FY2023$45.6M
FY2024$47.2M
FY2025$45.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1951.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $26.7M Management & general 13% · $4.1M Fundraising 2% · $559K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

30 people listed on the 990; $789K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Agency President
$238,324Pt VII · Sec A
SR. Vice President of Early Ch
$129,506Pt VII · Sec A
$123,742Pt VII · Sec A
Vice President of Early Ch
$107,218Pt VII · Sec A
VP of Social Services
$95,960Pt VII · Sec A
VP of Development
$94,326Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Sean Lee$253,757—$300,022$238,324$251,439$227,766
Sean Lee—$244,864————
Paul Makris$159,667—$150,200$123,742——
Karen Harrell$155,810—$148,823$129,506$131,946$129,121
Paul Makris—$149,885————
Karen Harrell—$148,605————
Dr Kelley L Corbin$122,923—————
Dr Kelley Corbin—$117,103————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers children and families through early childhood education, foster care placement, counseling, and support services to promote healthy, independent lifestyles.

Provided by the organization

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3 program services account for $16.8M of program spending, described in the organization's own filed words · FY2021.
01

Early Head Start

Provides quality preschool education and supportive wraparound services for eligible children ages six-weeks to three. Also provides in-home prenatal services for pregnant mothers and families.

$6.7Mprogram expense
02

Next Memphis

A shared service program model that helps independent child care providers reduce costs and improve outcomes, so that they can direct more of their attention and resources into the classroom and to families.

$5.4Mprogram expense
03

Porter-Leath Preschool

Provides quality preschool education and supportive wraparound services for eligible four-year-old children.

$4.7Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 2 funders$13K
Grants paid · 12 grants · $4.2M · 2022–2024
Unitemized GrantFY2024$734,105
Unitemized GrantFY2024$383,658
Unitemized GrantFY2024$374,606
Unitemized GrantFY2024$121,250
Unitemized GrantFY2023$649,484
Unitemized GrantFY2023$415,494
Unitemized GrantFY2023$370,997
Unitemized GrantFY2023$174,169
Unitemized GrantFY2023$71,310
Unitemized GrantFY2023$20,880
Unitemized GrantFY2022$650,061
Unitemized GrantFY2022$272,353

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$36.2M
Ln 12
Gifts and grantsLn 1h$28.4M
Fees for servicesLn 2g$8.0M
Investment incomeLn 3$64K
Money outPt IX
$31.3M
Ln 25
Programscol B$26.7M
Managementcol C$4.1M
Fundraisingcol D$559K
Owns and owesPt X
$46.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.6M
Total assetsLn 16$49.0M
LiabilitiesLn 26$2.4M
PeoplePt VI, VII
30
listed · VII A
PaidVII A6
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$28.4M
Government grantsLn 1e$11.7M
Noncash giftsLn 1g$58K
Fundraising eventsLn 1c$449K
Fees for servicesLn 2g$8.0M
Investment incomeLn 3$64K
Gains on assetsLn 7$39K
Total revenueLn 12$36.2M
Assets in detailPt X, end of year
CashLn 1$3.6M
Cash and savings togetherLn 1–2$3.6M
InvestmentsLn 11–13$3.1M
Land, buildings, equipmentLn 10c$37.4M
Total assetsLn 16$49.0M
LiabilitiesLn 26$2.4M
Net assetsLn 32$46.6M
OperationsPt I, VI
EmployeesI 5775
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$7.8M$3.6M
InvestmentsLn 11–13$1.1M$3.1M
Land, buildings, equipmentLn 10c$32.3M$37.4M
Total assetsLn 16$46.2M$49.0M
LiabilitiesLn 26$4.0M$2.4M
Net assetsLn 32$42.2M$46.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$122K$122K
Pay of current officers, directors and key staffLn 5$397K$397K
Other salaries and wagesLn 7$17.3M$14.8M$2.1M$388K
Pension plan contributionsLn 8$254K$197K$49K$9K
Other employee benefitsLn 9$2.1M$1.7M$304K$60K
Payroll taxesLn 10$1.3M$1.1M$171K$26K
Other fees for servicesLn 11g$307K$240K$67K
Advertising and promotionLn 12$148K$136K$11K
Office expensesLn 13$338K$270K$44K$25K
OccupancyLn 16$2.4M$2.1M$300K$10K
TravelLn 17$138K$129K$8K$625
Conferences, conventions and meetingsLn 19$192K$176K$9K$7K
Depreciation, depletion and amortizationLn 22$1.0M$920K$117K$8K
InsuranceLn 23$240K$101K$139K$417
Other expenses (24a–d)Ln 24$4.0M$4.0M$18K
All other expensesLn 24e$1.1M$669K$378K$13K
Total functional expensesLn 25$31.3M$26.7M$4.1M$559K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $29.6M$31.6M−$2.0M$45.5M 990 PDF
FY2024 $31.3M$30.1M$1.2M$47.2M 990 PDF
FY2023 $30.2M$31.4M−$1.2M$45.6M 990 PDF
FY2022 Viewing $36.2M$31.3M$4.8M$46.6M 990 PDF
FY2021 $59.1M$38.5M$20.6M$42.2M 990 PDF
FY2020 $44.3M$38.7M$5.6M$21.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (4 parts)
Part VIII · Statement of revenue $36,176,100 across 13 lines filed
VIII-1a Federated campaigns$302,500
VIII-1c Fundraising events$448,610
VIII-1e Government grants$11,673,265
VIII-1f All other contributions, gifts and grants$15,932,662
VIII-1g Noncash contributions (included above)$57,617
VIII-1h Total contributions, gifts and grants$28,357,037
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,952,733$7,952,733
VIII-3 Investment incomeExcluded from tax $25,506$25,506
VIII-6 Net rental income or lossExcluded from tax $12,095$12,095
VIII-7 Net gain or loss on sales of assetsExcluded from tax $38,522$38,522
VIII-8 Net income from fundraising eventsExcluded from tax −$306,938−$306,938
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $97,145$97,145
VIII-12 Total revenueRelated to mission $8,049,878 · Unrelated business $0 · Excluded from tax −$230,815$36,176,100
Part IX · Statement of functional expenses $31,336,877 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $121,793$121,793
IX-5 Pay of current officers, directors and key staffManagement $397,409$397,409
IX-7 Other salaries and wagesPrograms $14,811,698 · Management $2,085,575 · Fundraising $388,261$17,285,534
IX-8 Pension plan contributionsPrograms $196,648 · Management $48,862 · Fundraising $8,941$254,451
IX-9 Other employee benefitsPrograms $1,742,914 · Management $303,803 · Fundraising $60,103$2,106,820
IX-10 Payroll taxesPrograms $1,076,290 · Management $170,695 · Fundraising $26,023$1,273,008
IX-11g Other fees for servicesPrograms $239,992 · Management $66,963$306,955
IX-12 Advertising and promotionPrograms $136,337 · Fundraising $11,163$147,500
IX-13 Office expensesPrograms $269,701 · Management $43,835 · Fundraising $24,645$338,181
IX-16 OccupancyPrograms $2,122,478 · Management $300,025 · Fundraising $9,850$2,432,353
IX-17 TravelPrograms $129,115 · Management $7,806 · Fundraising $625$137,546
IX-19 Conferences, conventions and meetingsPrograms $175,903 · Management $9,338 · Fundraising $7,010$192,251
IX-22 Depreciation, depletion and amortizationPrograms $920,364 · Management $117,374 · Fundraising $8,431$1,046,169
IX-23 InsurancePrograms $100,671 · Management $138,567 · Fundraising $417$239,655
IX-24 Other expenses (24a–d)Programs $3,979,883 · Management $17,612$3,997,495
IX-24e All other expensesPrograms $668,807 · Management $377,619 · Fundraising $13,331$1,059,757
IX-25 Total functional expensesPrograms $26,692,594 · Management $4,085,483 · Fundraising $558,800$31,336,877
Part X · Balance sheet $49,048,141 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $7,758,100$3,570,951
X-3 Pledges and grants receivableStart of year $4,949,283$4,897,740
X-9 Prepaid expenses and deferred chargesStart of year $25,739$117,332
X-10c Land, buildings and equipment, netStart of year $32,340,872$37,370,295
X-11 Publicly traded securitiesStart of year $1,094,173$3,091,823
X-16 Total assetsStart of year $46,168,167$49,048,141
X-17 Accounts payable and accrued expensesStart of year $4,015,486$2,429,154
X-26 Total liabilitiesStart of year $4,015,486$2,429,154
X-27 Net assets without donor restrictionsStart of year $35,011,334$40,342,892
X-28 Net assets with donor restrictionsStart of year $7,141,347$6,276,095
X-32 Total net assets or fund balancesStart of year $42,152,681$46,618,987
X-33 Total liabilities and net assetsStart of year $46,168,167$49,048,141
Part XI · Reconciliation of net assets $46,618,987 net assets at year end
XI-1 Total revenue$36,176,100
XI-2 Total expenses$31,336,877
XI-3 Revenue less expenses$4,839,223
XI-4 Net assets at start of year$42,152,681
XI-5 Net unrealized gains (losses) on investments−$372,917
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$46,618,987

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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