Knowledge Media for Generations INC FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)Arts & CultureEIN 81-4583070

Build the community capacity of different organizations and develop content creators and media industry leaders of the future.

501(c)(3) charity; gifts are tax-deductible.
97¢ 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
1 of 3
filings with a surplus
Average deficit $20K a year · 5% of revenue · last 3 filings
Concern: a surplus in 1 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $38K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$185K
Spent
$198K
To programs
97%
Net assets
$20K
By yearFY2023–FY2025
Revenue
$185K
FY2023
Revenue by fiscal year
FY2023$185K
FY2024$413K
FY2025$476K
Expenses
$198K
FY2023
Expenses by fiscal year
FY2023$198K
FY2024$382K
FY2025$554K
Net assets
$20K
FY2023
Net assets by fiscal year
FY2023$20K
FY2024$62K
FY2025−$17K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2023-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Jan 2024.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $192K Management & general 3% · $6K

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

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Larry Robinson’s $64K as Executive Director is at the 59th percentile of top reported officer pay among 2216 $100K–1M arts & culture 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.

See Knowledge Media for Generations 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers organizations and trains future media leaders and content creators.

Provided by the organization

This section is blank until Knowledge Media for Generations INC claims this page.

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3 program services account for $192K of program spending, described in the organization's own filed words · FY2023.
01

Momentum Nonprofit Partners is a production project to highlight non-profit organizations. This project is to highlight the structure of non-profits and spotlight non-profit organizations in the Mid-South area. Our goal to help them amplify their messages and grow their support.

$91Kprogram expense
02

The Journey project is targeted to promoting Black Excellence in the Memphis community. This podcast production highlights successful black men in the community.

$51Kprogram expense
03

Grow Tennessee Initiative looks to heighten the awareness around farming, growing, research, and innovation across the great state of Tennessee. Four shows have been developed to highlight how production happens and how agriculture is deeply connected to every aspect of our community.

$50Kprogram expense

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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
Total grants receivedfrom 1 funder$38K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$185K
Ln 12
Fees for servicesLn 2g$138K
Gifts and grantsLn 1h$47K
Money outPt IX
$198K
Ln 25
Programscol B$192K
Managementcol C$6K
Owns and owesPt X
$20K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$2K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$47K
Fees for servicesLn 2g$138K
Total revenueLn 12$185K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Total assetsLn 16$22K
LiabilitiesLn 26$2K
Net assetsLn 32$20K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$22K$22K
Total assetsLn 16$22K$22K
LiabilitiesLn 26$0$2K
Net assetsLn 32$22K$20K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$2K$2K
Other salaries and wagesLn 7$22K$22K$0$0
Legal feesLn 11b$250$250$0$0
Advertising and promotionLn 12$545$545$0$0
Office expensesLn 13$2K$0$2K$0
Other expenses (24a–d)Ln 24$169K$167K$1K$0
All other expensesLn 24e$3K$553$3K$0
Total functional expensesLn 25$198K$192K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $476K$554K−$78K−$17K 990 PDF
FY2024 $413K$382K$32K$62K 990 PDF
FY2023 Viewing $185K$198K−$12K$20K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $185,478 across 4 lines filed
VIII-1f All other contributions, gifts and grants$47,328
VIII-1h Total contributions, gifts and grants$47,328
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$138,150
VIII-12 Total revenueRelated to mission $138,150 · Unrelated business $0 · Excluded from tax $0$185,478
Part IX · Statement of functional expenses $197,784 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $1,500$1,500
IX-7 Other salaries and wagesPrograms $22,000 · Management $0 · Fundraising $0$22,000
IX-11b Legal feesPrograms $250 · Management $0 · Fundraising $0$250
IX-12 Advertising and promotionPrograms $545 · Management $0 · Fundraising $0$545
IX-13 Office expensesPrograms $0 · Management $1,763 · Fundraising $0$1,763
IX-24 Other expenses (24a–d)Programs $167,241 · Management $1,274 · Fundraising $0$168,515
IX-24e All other expensesPrograms $553 · Management $2,658 · Fundraising $0$3,211
IX-25 Total functional expensesPrograms $192,089 · Management $5,695 · Fundraising $0$197,784
Part X · Balance sheet $21,701 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $22,066$21,701
X-16 Total assetsStart of year $22,066$21,701
X-17 Accounts payable and accrued expenses$1,921
X-26 Total liabilitiesStart of year $0$1,921
X-27 Net assets without donor restrictionsStart of year $22,066$19,780
X-32 Total net assets or fund balancesStart of year $22,066$19,780
X-33 Total liabilities and net assetsStart of year $22,066$21,701
Part XI · Reconciliation of net assets $19,780 net assets at year end
XI-1 Total revenue$185,478
XI-2 Total expenses$197,784
XI-3 Revenue less expenses−$12,306
XI-4 Net assets at start of year$22,066
XI-8 Prior period adjustments$10,020
XI-10 Net assets at end of year$19,780

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

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