Shrm - Memphis FY2021 filing

Not tax-deductible

Memphis, TN501(c)(6)EIN 58-1627427

To improve the professional competence of members, raise the standards of performance in human resource management and facilitate exchange of ideas.

Mission: Form 990 Part I, line 1

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
3 of 6
filings with a surplus
Average surplus $41K a year · 18% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
31 mo
of spending, in cash
Looks good: 30.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$90K
-64% vs prior year
Spent
$80K
Net assets
$206K
By yearFY2020–FY2025
Revenue
$90K
FY2021▼ -64%
Revenue by fiscal year
FY2020$248K
FY2021$90K
FY2022$111K
FY2023$116K
FY2024$722K
FY2025$81K
Expenses
$80K
FY2021▼ -40%
Expenses by fiscal year
FY2020$133K
FY2021$80K
FY2022$124K
FY2023$167K
FY2024$480K
FY2025$136K
Net assets
$206K
FY2021▲ +5%
Net assets by fiscal year
FY2020$197K
FY2021$206K
FY2022$193K
FY2023$142K
FY2024$383K
FY2025$328K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Aug 1985.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Past President
$0Pt VII · Sec A
Prior Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
VP Membership
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-VP Hospitality
$0Pt VII · Sec A
See Shrm - Memphis executive salaries →

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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 15aNo

Programs and updates

Improves HR professional skills, raises performance standards, and fosters idea exchange.

Provided by the organization

This section is blank until Shrm - Memphis claims this page.

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1 program service, described in the organization's own filed words · FY2021.
01

An affiliate of the society for human resource management, shrm-memphis currently consists of nearly 1,000 professional specialists, generalists, business partners and executives representing the broad spectrum of the HR career including, but not limited to, compensation, benefits, employee relations, EMPLOYMENT/RECRUITMENT, human…

Pt IX · col B

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By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$90K
Ln 12
Fees for servicesLn 2g$52K
Gifts and grantsLn 1h$36K
Investment incomeLn 3$1K
Money outPt IX
$80K
Ln 25
Owns and owesPt X
$206K
net assets · Ln 32
Cash and savingsLn 1–2$206K
Total assetsLn 16$206K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$36K
Fees for servicesLn 2g$52K
Investment incomeLn 3$1K
Total revenueLn 12$90K
Assets in detailPt X, end of year
CashLn 1$100
SavingsLn 2$206K
Cash and savings togetherLn 1–2$206K
Total assetsLn 16$206K
LiabilitiesLn 26$0
Net assetsLn 32$206K
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$197K$206K
Total assetsLn 16$197K$206K
LiabilitiesLn 26$0$0
Net assetsLn 32$197K$206K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K
Advertising and promotionLn 12$4K
Office expensesLn 13$3K
Information technologyLn 14$2K
Conferences, conventions and meetingsLn 19$53K
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$10K
All other expensesLn 24e$403
Total functional expensesLn 25$80K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $81K$136K−$55K$328K 990 PDF
FY2024 $722K$480K$241K$383K 990 PDF
FY2023 $116K$167K−$51K$142K 990 PDF
FY2022 $111K$124K−$13K$193K 990 PDF
FY2021 Viewing $90K$80K$9K$206K 990 PDF
FY2020 $248K$133K$115K$197K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $89,641 across 6 lines filed
VIII-1b Membership dues$23,806
VIII-1f All other contributions, gifts and grants$12,623
VIII-1h Total contributions, gifts and grants$36,429
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,036$52,036
VIII-3 Investment incomeExcluded from tax $1,176$1,176
VIII-12 Total revenueRelated to mission $52,036 · Unrelated business $0 · Excluded from tax $1,176$89,641
Part IX · Statement of functional expenses $80,265 across 8 lines filed
IX-11c Accounting fees$6,046
IX-12 Advertising and promotion$4,050
IX-13 Office expenses$2,981
IX-14 Information technology$2,090
IX-19 Conferences, conventions and meetings$53,123
IX-23 Insurance$1,723
IX-24 Other expenses (24a–d)$9,849
IX-24e All other expenses$403
IX-25 Total functional expenses$80,265
Part X · Balance sheet $205,935 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $100$100
X-2 Savings and temporary cash investmentsStart of year $196,459$205,835
X-16 Total assetsStart of year $196,559$205,935
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $196,559$205,935
X-32 Total net assets or fund balancesStart of year $196,559$205,935
X-33 Total liabilities and net assetsStart of year $196,559$205,935
Part XI · Reconciliation of net assets $205,935 net assets at year end
XI-1 Total revenue$89,641
XI-2 Total expenses$80,265
XI-3 Revenue less expenses$9,376
XI-4 Net assets at start of year$196,559
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$205,935

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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