Knowledge Media for Generations INC FY2024 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.
14¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
14%
of spending
Concern: 14% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 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
$15K
19% of total assets
Looks good: liabilities are 19% 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
$413K
+123% vs prior year
Spent
$382K
To programs
14%
Net assets
$62K
By yearFY2023–FY2025
Revenue
$413K
FY2024▲ +123%
Revenue by fiscal year
FY2023$185K
FY2024$413K
FY2025$476K
Expenses
$382K
FY2024▲ +93%
Expenses by fiscal year
FY2023$198K
FY2024$382K
FY2025$554K
Net assets
$62K
FY2024▲ +211%
Net assets by fiscal year
FY2023$20K
FY2024$62K
FY2025−$17K

From the FY2024 Form 990 · see the original

You’re viewing the FY2024 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

14 cents of each dollar spent went to programs.

Program services 14% · $52K Management & general 86% · $330K

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

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3 program services account for $52K of program spending, described in the organization's own filed words · FY2024.
01

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.

$32Kprogram 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.

$20Kprogram expense
03

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.

$15program 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$413K
Ln 12
Gifts and grantsLn 1h$234K
Fees for servicesLn 2g$179K
Money outPt IX
$382K
Ln 25
Programscol B$52K
Managementcol C$330K
Owns and owesPt X
$62K
net assets · Ln 32
Cash and savingsLn 1–2$35K
Total assetsLn 16$76K
LiabilitiesLn 26$15K
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$234K
Government grantsLn 1e$204K
Fees for servicesLn 2g$179K
Total revenueLn 12$413K
Assets in detailPt X, end of year
CashLn 1$35K
Cash and savings togetherLn 1–2$35K
Land, buildings, equipmentLn 10c$268
Total assetsLn 16$76K
LiabilitiesLn 26$15K
Net assetsLn 32$62K
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 FY24End FY24
Cash and savingsLn 1–2$22K$35K
Land, buildings, equipmentLn 10c$268
Total assetsLn 16$22K$76K
LiabilitiesLn 26$2K$15K
Net assetsLn 32$20K$62K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$176K$0$176K$0
Payroll taxesLn 10$10K$0$10K$0
Accounting feesLn 11c$500$0$500$0
Advertising and promotionLn 12$1K$376$750$0
Office expensesLn 13$6K$119$6K$0
TravelLn 17$1K$1K$0$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$163K$49K$114K$0
All other expensesLn 24e$22K$2K$21K$0
Total functional expensesLn 25$382K$52K$330K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $476K$554K−$78K−$17K 990 PDF
FY2024 Viewing $413K$382K$32K$62K 990 PDF
FY2023 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $413,275 across 5 lines filed
VIII-1e Government grants$203,989
VIII-1f All other contributions, gifts and grants$30,451
VIII-1h Total contributions, gifts and grants$234,440
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$178,835
VIII-12 Total revenueRelated to mission $178,835 · Unrelated business $0 · Excluded from tax $0$413,275
Part IX · Statement of functional expenses $381,752 across 9 lines filed
IX-7 Other salaries and wagesPrograms $0 · Management $176,315 · Fundraising $0$176,315
IX-10 Payroll taxesPrograms $0 · Management $9,602 · Fundraising $0$9,602
IX-11c Accounting feesPrograms $0 · Management $500 · Fundraising $0$500
IX-12 Advertising and promotionPrograms $376 · Management $750 · Fundraising $0$1,126
IX-13 Office expensesPrograms $119 · Management $5,886 · Fundraising $0$6,005
IX-17 TravelPrograms $1,208 · Management $0 · Fundraising $0$1,208
IX-23 InsurancePrograms $0 · Management $1,784 · Fundraising $0$1,784
IX-24 Other expenses (24a–d)Programs $48,579 · Management $114,273 · Fundraising $0$162,852
IX-24e All other expensesPrograms $1,835 · Management $20,525 · Fundraising $0$22,360
IX-25 Total functional expensesPrograms $52,117 · Management $329,635 · Fundraising $0$381,752
Part X · Balance sheet $76,186 assets, 9 lines filed
Asset lines not itemized here account for $36,800; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $21,701$34,594
X-4 Accounts receivable$4,524
X-10c Land, buildings and equipment, net$268
X-16 Total assetsStart of year $21,701$76,186
X-17 Accounts payable and accrued expensesStart of year $1,921$14,633
X-26 Total liabilitiesStart of year $1,921$14,633
X-27 Net assets without donor restrictionsStart of year $19,780$61,553
X-32 Total net assets or fund balancesStart of year $19,780$61,553
X-33 Total liabilities and net assetsStart of year $21,701$76,186
Part XI · Reconciliation of net assets $61,553 net assets at year end
XI-1 Total revenue$413,275
XI-2 Total expenses$381,752
XI-3 Revenue less expenses$31,523
XI-4 Net assets at start of year$19,780
XI-8 Prior period adjustments$10,250
XI-10 Net assets at end of year$61,553

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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