philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Pictsweet Foundation FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)EIN 62-1248225Revenue $18K in FY2023

On file with the IRScfgm.org1900 Union Ave, 38104-4029 · Memphis, TNTax-exempt since Dec 1985Supporting organization — 509(a)(3)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The primary exempt purpose of the organization is to assist the Community Foundation of Greater Memphis, Inc. in carrying out its charitable mission.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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 5
filings with a surplus
Average surplus $70K a year · 67% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Liabilities
$975
0.05% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$18K
-91% vs prior year
Spent
$33K
To programs
73%
Net assets
$2.0M
By yearFY2021–FY2025
Revenue
$18K
FY2023▼ -91%
Tap a bar for its year
Revenue by fiscal year
FY2021$122K
FY2022$201K
FY2023$18K
FY2024$93K
FY2025$92K
Expenses
$33K
FY2023▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2021$31K
FY2022$38K
FY2023$33K
FY2024$34K
FY2025$39K
Net assets
$2.0M
FY2023+0.05%
Tap a bar for its year
Net assets by fiscal year
FY2021$2.2M
FY2022$2.0M
FY2023$2.0M
FY2024$2.2M
FY2025$2.4M

From the FY2023 Form 990 (year ending April 2023) · see the original

Give Claim
You’re viewing the FY2023 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 Dec 1985.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $24K Management & general 27% · $9K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Barbara S Mora
Assistant Secretary
$0Pt VII · Sec A
George Lumm
Treasurer
$0Pt VII · Sec A
See Pictsweet Foundation executive salaries →

On this list? Claim this org

Something off? Claim to add context

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports a community foundation's charitable mission.

Questions for Pictsweet Foundation

Tap to ask. Pictsweet Foundation sees how many people are interested.

Your first name shows with your question. Pictsweet Foundation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $24K · in their own filed words · FY2022
01

The foundation's only program is to accept property for use exclusively for religious, charitable, scientific, literary, or educational purposes primarily in and for the benefit of memphis and shelby county.

$24Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$18K
Ln 12
Investment incomeLn 3$18K
Money outPt IX
$33K
Ln 25
Programscol B$24K
Managementcol C$9K
Owns and owesPt X
$2.0M
net assets · Ln 32
Total assetsLn 16$2.0M
LiabilitiesLn 26$975
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$18K
Gains on assetsLn 7−$23K
Total revenueLn 12$18K
Assets in detailPt X, end of year
InvestmentsLn 11–13$2.0M
Total assetsLn 16$2.0M
LiabilitiesLn 26$975
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderApril
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 FY23End FY23
InvestmentsLn 11–13$2.0M$2.0M
Total assetsLn 16$2.0M$2.0M
LiabilitiesLn 26$0$975
Net assetsLn 32$2.0M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$24K$24K
Legal feesLn 11b$20$20
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$5K$5K
Total functional expensesLn 25$33K$24K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $92K$39K$53K$2.4M 990 PDF
FY2024 $93K$34K$59K$2.2M 990 PDF
FY2023 Viewing $18K$33K−$15K$2.0M 990 PDF
FY2022 $201K$38K$162K$2.0M 990 PDF
FY2021 $122K$31K$92K$2.2M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $18,118 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $200,727$18,118
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $200,727$18,118
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $38,237$33,156
I-18 Total expensesPrior year $38,237$33,156
I-19 Revenue less expensesPrior year $162,490−$15,038
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $18,118 across 3 lines filed
VIII-3 Investment incomeExcluded from tax $40,892$40,892
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$22,774−$22,774
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $18,118$18,118
Part IX · Statement of functional expenses $33,156 across 4 lines filed
IX-11a Management feesPrograms $24,090$24,090
IX-11b Legal feesManagement $20$20
IX-11c Accounting feesManagement $3,625$3,625
IX-11f Investment management feesManagement $5,421$5,421
IX-25 Total functional expensesPrograms $24,090 · Management $9,066 · Fundraising $0$33,156
Part X · Balance sheet $2,021,346 assets, 7 lines filed
X-12 Other securitiesStart of year $2,019,338$2,021,346
X-16 Total assetsStart of year $2,019,338$2,021,346
X-17 Accounts payable and accrued expenses$975
X-26 Total liabilitiesStart of year $0$975
X-27 Net assets without donor restrictionsStart of year $2,019,338$2,020,371
X-32 Total net assets or fund balancesStart of year $2,019,338$2,020,371
X-33 Total liabilities and net assetsStart of year $2,019,338$2,021,346
Part XI · Reconciliation of net assets $2,020,371 net assets at year end
XI-1 Total revenue$18,118
XI-2 Total expenses$33,156
XI-3 Revenue less expenses−$15,038
XI-4 Net assets at start of year$2,019,338
XI-5 Net unrealized gains (losses) on investments$16,071
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,020,371

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.