The goal of Memphis Challenge is to ensure the region's most talented minority students bring their education, expertise, and connections back to Memphis.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$106K 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
3 of 6
filings with a surplus
Average surplus $14K a year · 4% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$106K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
6 mo
of spending, in cash
Looks good: 6.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$312K
-18% vs prior year
Spent
$343K
To programs
68%
Net assets
$175K
By yearFY2020–FY2025
Revenue
$312K
FY2022▼ -18%
Tap a bar for its year
Revenue by fiscal year
FY2020$211K
FY2021$382K
FY2022$312K
FY2023$310K
FY2024$358K
FY2025$375K
Expenses
$343K
FY2022▲ +52%
Tap a bar for its year
Expenses by fiscal year
FY2020$267K
FY2021$225K
FY2022$343K
FY2023$341K
FY2024$328K
FY2025$360K
Net assets
$175K
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$48K
FY2021$205K
FY2022$175K
FY2023$143K
FY2024$172K
FY2025$188K

From the FY2022 Form 990 · 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 Mar 1990.

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

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $234K Management & general 28% · $96K Fundraising 4% · $14K

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

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Who runs it and what they're paid

16 people listed on the 990; $106K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$106,378Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Cassandra Webster$115,752$121,067$118,549$106,378$98,911$97,598

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.

See Memphis Challenge INC 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 15aYes

Programs and updates

Connects talented, under-represented Memphis students of color with top colleges and scholarships.

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Provided by the organization

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3 programs · $234K · in their own filed words · FY2022
01

The JR. Memphis and memphis challenge program provides under represented high achieving students of color an opportunity to develop personal and professional skills that will aid them through college and beyond.

$233Kprogram expense
02

Sole (summer online learning experience) is a virtual math academy that is offered for students in grades 3-12 during the summer to combat summer slide (learning loss). Sole is powered thru alek software.

$1Kprogram expense
03

The 9/10 movement prepares incoming freshmen and sophomores for the rigors of high school and the importance of academics. The 9/10 movement focuses on how to connect the dots of life, education, career, and aspirations.

Pt IX · col B

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 1 funder$5K
Grants paid · 1 grant · $6K · 2024–2024
Unitemized GrantFY2024$6,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$312K
Ln 12
Gifts and grantsLn 1h$309K
Fees for servicesLn 2g$4K
Other incomeLn 4–11$256
Money outPt IX
$343K
Ln 25
Programscol B$234K
Managementcol C$96K
Fundraisingcol D$14K
Owns and owesPt X
$175K
net assets · Ln 32
Cash and savingsLn 1–2$174K
Total assetsLn 16$176K
LiabilitiesLn 26$1K
PeoplePt VI, VII
16
listed · VII A
PaidVII A1
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$309K
Fees for servicesLn 2g$4K
Other incomeLn 4–11$256
Total revenueLn 12$312K
Assets in detailPt X, end of year
CashLn 1$174K
Cash and savings togetherLn 1–2$174K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$2K
Total assetsLn 16$176K
LiabilitiesLn 26$1K
Net assetsLn 32$175K
OperationsPt I, VI
EmployeesI 53
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$203K$174K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$205K$176K
LiabilitiesLn 26−$721$1K
Net assetsLn 32$205K$175K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$4K$4K
Pay of current officers, directors and key staffLn 5$106K$69K$27K$11K
Other salaries and wagesLn 7$135K$94K$40K
Other employee benefitsLn 9$25K$18K$8K
Payroll taxesLn 10$18K$13K$5K
Legal feesLn 11b$13K$9K$4K
Accounting feesLn 11c$2K$2K$675
Other fees for servicesLn 11g$2K$1K$541
Advertising and promotionLn 12$5K$4K$2K
Office expensesLn 13$6K$4K$2K
OccupancyLn 16$2K$2K$730
TravelLn 17$422$295$127
Conferences, conventions and meetingsLn 19$1K$727$312
InsuranceLn 23$1K$904$388
Other expenses (24a–d)Ln 24$16K$9K$4K$3K
All other expensesLn 24e$6K$4K$2K
Total functional expensesLn 25$343K$234K$96K$14K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $375K$360K$15K$188K 990 PDF
FY2024 $358K$328K$29K$172K 990 PDF
FY2023 $310K$341K−$32K$143K 990 PDF
FY2022 Viewing $312K$343K−$31K$175K 990 PDF
FY2021 $382K$225K$157K$205K 990 PDF
FY2020 $211K$267K−$56K$48K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $312,432 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $378,832$308,563
I-9 Program service revenuePrior year $2,593$3,613
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $921$256
I-12 Total revenuePrior year $382,346$312,432
I-13 Grants and similar amounts paidPrior year $3,000$4,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $149,336$284,257
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $73,027$54,987
I-18 Total expensesPrior year $225,363$343,244
I-19 Revenue less expensesPrior year $156,983−$30,812
Part VI · Governance 15 of 15 board members independent, 2 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $312,432 across 5 lines filed
VIII-1f All other contributions, gifts and grants$308,563
VIII-1h Total contributions, gifts and grants$308,563
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,613$3,613
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $256$256
VIII-12 Total revenueRelated to mission $3,869 · Unrelated business $0 · Excluded from tax $0$312,432
Part IX · Statement of functional expenses $343,244 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $4,000$4,000
IX-5 Pay of current officers, directors and key staffPrograms $69,146 · Management $26,595 · Fundraising $10,638$106,379
IX-7 Other salaries and wagesPrograms $94,165 · Management $40,357$134,522
IX-9 Other employee benefitsPrograms $17,777 · Management $7,619$25,396
IX-10 Payroll taxesPrograms $12,572 · Management $5,388$17,960
IX-11b Legal feesPrograms $8,883 · Management $3,807$12,690
IX-11c Accounting feesPrograms $1,575 · Management $675$2,250
IX-11g Other fees for servicesPrograms $1,261 · Management $541$1,802
IX-12 Advertising and promotionPrograms $3,503 · Management $1,501$5,004
IX-13 Office expensesPrograms $4,240 · Management $1,817$6,057
IX-16 OccupancyPrograms $1,702 · Management $730$2,432
IX-17 TravelPrograms $295 · Management $127$422
IX-19 Conferences, conventions and meetingsPrograms $727 · Management $312$1,039
IX-23 InsurancePrograms $904 · Management $388$1,292
IX-24 Other expenses (24a–d)Programs $9,303 · Management $3,987 · Fundraising $2,875$16,165
IX-24e All other expensesPrograms $4,086 · Management $1,748$5,834
IX-25 Total functional expensesPrograms $234,139 · Management $95,592 · Fundraising $13,513$343,244
Part X · Balance sheet $175,598 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $203,089$173,998
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $1,600$1,600
X-16 Total assetsStart of year $204,689$175,598
X-17 Accounts payable and accrued expensesStart of year −$721$1,000
X-26 Total liabilitiesStart of year −$721$1,000
X-32 Total net assets or fund balancesStart of year $205,410$174,598
X-33 Total liabilities and net assetsStart of year $204,689$175,598
Part XI · Reconciliation of net assets $174,598 net assets at year end
XI-1 Total revenue$312,432
XI-2 Total expenses$343,244
XI-3 Revenue less expenses−$30,812
XI-4 Net assets at start of year$205,410
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$174,598

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

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