Advance Memphis FY2020 filing

Tax-deductible

Memphis, TN501(c)(3)EducationEIN 62-1778254Revenue $2.6M in FY2020

On file with the IRSadvancememphis.orgPo Box 2201, 38101-2201 · Memphis, TNTax-exempt since Aug 1999Publicly supported charity — 170(b)(1)(A)(vi)

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To empower adults in south Memphis to break cycles of unemployment, establish economic stability, reconcile relationships, and restore dignity through knowledge, resources, and skills by the power of jesus christ

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$121K 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

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $186K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
14
named funders · $649K
Looks good: 14 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$67K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 10 voting members
Looks good: 9 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.6M
Spent
$2.4M
To programs
76%
Net assets
$2.2M
By yearFY2020–FY2024
Revenue
$2.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$2.6M
FY2021$2.6M
FY2022$2.9M
FY2023$2.7M
FY2024$2.4M
Expenses
$2.4M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.4M
FY2023$2.8M
FY2024$2.3M
Net assets
$2.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.2M
FY2021$2.4M
FY2022$2.9M
FY2023$2.8M
FY2024$2.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1999.

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

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $1.8M Management & general 14% · $345K Fundraising 9% · $224K

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

10 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$121,484Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Chairman of the Board
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Stephen Nash’s $149K as Executive Director is at the 63rd percentile of top reported officer pay among 3395 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Stephen Nash$148,912$134,082$121,862$116,812$121,484

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 Advance 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

Empowers adults in South Memphis to find jobs, stability, and dignity through faith-based resources and skills.

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Provided by the organization

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3 programs · $1.8M · in their own filed words · FY2020
01

Staffing Service Program

Graduates of the organization's jobs for life program are eligilble to participate as an employee in the staffing service program, as these individuals look to build upon the lessons and skills learned during the jobs for life program.

$1.2Mprogram expense
02

Work Life

Participants attend a 6 week soft skills job training class to assist them in preparing and searching for, obtaining and maintaining meaningful employment, helping 146 people find jobs in the community in 2020. The program also includes financial management curriculum as well as a computer literacy course.

$649Kprogram expense
03

Outsourcing Program

The organization's provides graduates of the jobs for life program with opportunities for on-the-job application of the skills and concepts learned in jobs for life.

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 · funders on record
Grants received · FY2024
See all 14 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$2.6M
Ln 12
Gifts and grantsLn 1h$1.4M
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$155K
Money outPt IX
$2.4M
Ln 25
Programscol B$1.8M
Managementcol C$345K
Fundraisingcol D$224K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$183K
Total assetsLn 16$2.2M
LiabilitiesLn 26$67K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a10
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Government grantsLn 1e$221K
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$155K
Total revenueLn 12$2.6M
Assets in detailPt X, end of year
CashLn 1$183K
Cash and savings togetherLn 1–2$183K
Land, buildings, equipmentLn 10c$1.7M
Total assetsLn 16$2.2M
LiabilitiesLn 26$67K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 5161
VolunteersI 687
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 FY20End FY20
Cash and savingsLn 1–2$216K$183K
Land, buildings, equipmentLn 10c$1.7M$1.7M
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$341K$67K
Net assetsLn 32$1.9M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K$121K
Other salaries and wagesLn 7$1.5M$1.1M$206K$133K
Other employee benefitsLn 9$51K$21K$18K$11K
Payroll taxesLn 10$124K$97K$16K$10K
Other fees for servicesLn 11g$17K$17K
Advertising and promotionLn 12$8K$4K$4K
Office expensesLn 13$20K$20K
Information technologyLn 14$16K$16K
TravelLn 17$6K$6K
InterestLn 20$12K$12K
Depreciation, depletion and amortizationLn 22$75K$68K$4K$4K
InsuranceLn 23$130K$123K$4K$3K
Other expenses (24a–d)Ln 24$267K$203K$6K$57K
All other expensesLn 24e$82K$54K$25K$2K
Total functional expensesLn 25$2.4M$1.8M$345K$224K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.4M$2.3M$68K$2.8M 990 PDF
FY2023 $2.7M$2.8M−$96K$2.8M 990 PDF
FY2022 $2.9M$2.4M$498K$2.9M 990 PDF
FY2021 $2.6M$2.4M$216K$2.4M 990 PDF
FY2020 Viewing $2.6M$2.4M$242K$2.2M 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 FY2020 990 (6 parts)
Part I · Summary $2,631,930 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,500,064$1,444,608
I-9 Program service revenuePrior year $1,368,278$1,032,040
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $69,009$155,282
I-12 Total revenuePrior year $2,937,351$2,631,930
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 $2,213,896$1,755,369
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $667,735$634,403
I-18 Total expensesPrior year $2,881,631$2,389,772
I-19 Revenue less expensesPrior year $55,720$242,158
Part VI · Governance 9 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $2,631,930 across 6 lines filed
VIII-1e Government grants$221,000
VIII-1f All other contributions, gifts and grants$1,223,608
VIII-1h Total contributions, gifts and grants$1,444,608
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,032,040$1,032,040
VIII-6 Net rental income or lossExcluded from tax $155,282$155,282
VIII-12 Total revenueRelated to mission $1,032,040 · Unrelated business $0 · Excluded from tax $155,282$2,631,930
Part IX · Statement of functional expenses $2,389,772 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $121,484$121,484
IX-7 Other salaries and wagesPrograms $1,120,651 · Management $206,452 · Fundraising $132,546$1,459,649
IX-9 Other employee benefitsPrograms $21,325 · Management $17,779 · Fundraising $11,414$50,518
IX-10 Payroll taxesPrograms $97,193 · Management $16,154 · Fundraising $10,371$123,718
IX-11g Other fees for servicesManagement $17,271$17,271
IX-12 Advertising and promotionPrograms $4,077 · Fundraising $4,078$8,155
IX-13 Office expensesManagement $19,633$19,633
IX-14 Information technologyManagement $16,325$16,325
IX-17 TravelPrograms $6,315$6,315
IX-20 InterestManagement $12,442$12,442
IX-22 Depreciation, depletion and amortizationPrograms $67,892 · Management $3,772 · Fundraising $3,772$75,436
IX-23 InsurancePrograms $123,499 · Management $3,925 · Fundraising $2,946$130,370
IX-24 Other expenses (24a–d)Programs $203,405 · Management $5,899 · Fundraising $57,346$266,650
IX-24e All other expensesPrograms $54,365 · Management $25,454 · Fundraising $1,987$81,806
IX-25 Total functional expensesPrograms $1,820,206 · Management $345,106 · Fundraising $224,460$2,389,772
Part X · Balance sheet $2,226,715 assets, 13 lines filed
Asset lines not itemized here account for $2,388; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $216,065$182,707
X-3 Pledges and grants receivableStart of year $242,125$209,625
X-4 Accounts receivableStart of year $115,805$152,721
X-9 Prepaid expenses and deferred chargesStart of year $6,715$6,161
X-10c Land, buildings and equipment, netStart of year $1,669,964$1,673,113
X-16 Total assetsStart of year $2,258,985$2,226,715
X-17 Accounts payable and accrued expensesStart of year $147,324$63,572
X-19 Deferred revenueStart of year $3,000$3,000
X-26 Total liabilitiesStart of year $341,000$66,572
X-27 Net assets without donor restrictionsStart of year $1,675,860$1,951,018
X-28 Net assets with donor restrictionsStart of year $242,125$209,125
X-32 Total net assets or fund balancesStart of year $1,917,985$2,160,143
X-33 Total liabilities and net assetsStart of year $2,258,985$2,226,715
Part XI · Reconciliation of net assets $2,160,143 net assets at year end
XI-1 Total revenue$2,631,930
XI-2 Total expenses$2,389,772
XI-3 Revenue less expenses$242,158
XI-4 Net assets at start of year$1,917,985
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,160,143

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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