Ed Murphey Classic EIN 84-1945985

Ed Murphey Classic

EIN  84-1945985 Public charity (501(c)(3)) Memphis, TN
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Empowers Memphis youth to live healthy through free track and field clinics and coaching.
Leadership
Maxime R Paquette · Meeting Dire
Money in and out
$405K revenue, $361K expenses
Bottom line
92% program efficiency

Empowers Memphis youth to live healthy through free track and field clinics and coaching. For fiscal year 2024 it reported $405K in revenue, $361K in expenses, and $67K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $44K
Where spending went · Part IX cols B–D
Program services $0.92 Management & general $0.08
Program efficiency
92%
of spending reaches programs▼ -4% vs prior filing year
Operating runway
1.8mo
months of highly liquid reserves at operating expense rate▲ +200% vs prior filing year
Surplus margin
+11%
revenue over expenses, this year▲ +259% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$405K
FY2024▲ +16%
Expenses
$361K
FY2024▲ +7%
Total assets
$67K
FY2024▲ +190%
Total liabilities
$0
FY2024
Total revenue
$405K
Pt VIII · Ln 12
Total expenses
$361K
Pt IX · Ln 25
Net assets
$67K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$44K
Total assetsPt X · Ln 16$67K
Program-expense ratioPt IX · col B92%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

3 program services account for $331K of program spending, described in the organization's own filed words · FY2024.
01

Hosted annual ed murphey classic race with a 178% increase in youth participation over 2022.

$266Kprogram expense
02

The ed murphey track club provides free coaching, UNIFORMS/SHIRTS/FOOTWEAR, drinks and snacks, competitive registration, and opportunities for mentorship form coaches and guest professional athletes. Practice sites are located in low income areas to facilitate access by removing transportation barriers.

$62Kprogram expense
03

Other outreach- provided branded team tents for local schools that cannot afford them, and hosted the first ever shelby county metro track and field camp, in addition to supporting a number of other local events.

$2Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEd Murphey Classic
EINHdr · item D84-1945985
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jedmurpheymemphismile.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFYouth Development (O50)
Ruling yearIRS BMFSep 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Meeting Dire
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A

Alisa Seymour’s $10K as Executive Di is at the 7th percentile of top reported officer pay among 1985 $100K–1M youth development 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.

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Statement of Revenue

Part VIII
Contributions & grants$385K · 95%
Other revenue$21K · 5%
Contributions & grants95%$385K
Other revenue5%$21K
Total revenueLn 12$405K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.92 Management & general $0.08
Program services92%$331K
Management & general8%$31K
Total functional expensesLn 25$361K

Balance Sheet

Part X · end of year
CashLn 1$53K
Total assetsLn 16$67K
Total liabilitiesLn 26$0
Total net assetsLn 32$67K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $53K · Operating expenses/yr $361K
1.8 months
Where the money goes
Program services
Program services $331K · Total expenses $361K
92%
Management & General
Management & general $31K · Total expenses $361K
8%
Fundraising
Fundraising $0 · Total expenses $361K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $360K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $385K · Total revenue $405K
95%
Government reliance
Government grants — · Total revenue $405K
Earned-income share
Program service revenue $0 · Total revenue $405K
0%
Investment reliance
Investment income $0 · Total revenue $405K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $361K
0%
Growth & trend
Revenue growth (YoY)
This year $405K · Prior year $350K
+16%
Net-asset trend (YoY)
End of year $67K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $405K · Expenses $361K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $67K
Net-asset ratio
Net assets $67K · Total assets $67K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $67K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Maxime R Paquette · Reported title MEETING DIRE · Highest reported compensation $0 · Total expenses $361K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $361K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 92%
Overhead ratio 8%
Fundraising cost ratio 0%
Revenue growth 16%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$61K
See all 3 funders →

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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
FY2024 (Latest)$405K revenue · viewing · ⤓ 990 PDF
FY2023$350K revenue · ⤓ 990 PDF
FY2022$184K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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