Memphis Rotary Foundation EIN 62-6096310

Memphis Rotary Foundation FY2021 filing

EIN  62-6096310 Public charity (501(c)(3)) Germantown, TN
Form 990 (PDF)
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Size
<$100K
What they do
Funds projects that improve communities and support philanthropy.
Leadership
Taylor Hughes · Executive Director · $64K
Money in and out
$77K revenue, $123K expenses
Bottom line
76% program efficiency

Funds projects that improve communities and support philanthropy. For fiscal year 2021 it reported $77K in revenue, $123K in expenses, and $951K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$951K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$46K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs
Operating runway
81.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
-60%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$77K
FY2021▲ +10%
Expenses
$123K
FY2021▲ +74%
Total assets
$973K
FY2021▲ +13%
Total liabilities
$22K
FY2021
Total revenue
$77K
Pt VIII · Ln 12
Total expenses
$123K
Pt IX · Ln 25
Net assets
$951K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$46K
Total assetsPt X · Ln 16$973K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $91K of program spending, described in the organization's own filed words · FY2020.
01

Advancement of rotary goals and ideals through exploration of community needs and service opportunities and development of new service projects.

$66Kprogram expense
02

Direct funding of philanthropic & community betterment organizations dorothy day house (homeless) 8,440 mobile food pantries 9,332 rotary readers (books) 3,031

$21Kprogram expense
03

Rotary international program the mission of the rotary international foundation is to enable rotarians to advance world understanding, goodwill, and peace through the improvement of health, the support of education and the alleviation of poverty.

$5Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMemphis Rotary Foundation
EINHdr · item D62-6096310
Principal addressHdr · item CGermantown, TN
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFDec 1971

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$63,690Pt VII · Sec A
$0Pt VII · Sec A
President-Elect
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021
Taylor Hughes$72,327$68,714$81,625$64,084$63,690

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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Statement of Revenue

Part VIII
Investment income$46K · 60%
Contributions & grants$22K · 29%
Other revenue$9K · 11%
Investment income60%$46K
Contributions & grants29%$22K
Other revenue11%$9K
Total revenueLn 12$77K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$93K
Management & general24%$29K
Total functional expensesLn 25$123K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$973K
Total liabilitiesLn 26$22K
Total net assetsLn 32$951K
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $834K · Operating expenses/yr $123K
81.6 months
Where the money goes
Program services
Program services $93K · Total expenses $123K
76%
Management & General
Management & general $29K · Total expenses $123K
24%
Fundraising
Fundraising $0 · Total expenses $123K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $26K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $22K · Total revenue $77K
29%
Government reliance
Government grants — · Total revenue $77K
Earned-income share
Program service revenue $0 · Total revenue $77K
0%
Investment reliance
Investment income $46K · Total revenue $77K
+60%
Program self-sufficiency
Program service revenue $0 · Total expenses $123K
0%
Growth & trend
Revenue growth (YoY)
This year $77K · Prior year $69K
+10%
Net-asset trend (YoY)
End of year $951K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $77K · Expenses $123K
-60%
Liabilities-to-Assets
Total liabilities — · Total assets $973K
Net-asset ratio
Net assets $951K · Total assets $973K
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $804K · Other securities (Pt X, ln 12) $20K · Total assets (Pt X, ln 16) $973K
85%
People & payroll
Highest Reported Total Compensation
Individual Taylor Hughes · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $64K · Total expenses $123K
52%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $68K · Total expenses $123K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 10%
Investment management fee ratio 0%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$9K
Grants paid · 6 grants · $57K · 2020–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$64K revenue · ⤓ 990 PDF
FY2024$77K revenue · ⤓ 990 PDF
FY2023$19K revenue · ⤓ 990 PDF
FY2022$100K revenue · ⤓ 990 PDF
FY2021$77K revenue · viewing · ⤓ 990 PDF
FY2020$69K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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