Ed Murphey Classic FY2023 filing

Tax-deductible

Memphis, TN501(c)(3)Youth DevelopmentEIN 84-1945985Revenue $350K in FY2023

On file with the IRSedmurpheymemphismile.com4556 Chickasaw Rd, 38117-1717 · Memphis, TNTax-exempt since Sep 2020Publicly supported charity — 170(b)(1)(A)(vi)

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To empower memphis youth to pursue healthy lifestyles through track and field competition through free clinics and coaching.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
$10K 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

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
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
2 of 2
filings with a surplus
Average surplus $27K a year · 7% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $61K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$350K
+90% vs prior year
Spent
$339K
To programs
95%
Net assets
$23K
By yearFY2022–FY2024
Revenue
$350K
FY2023▲ +90%
Tap a bar for its year
Revenue by fiscal year
FY2022$184K
FY2023$350K
FY2024$405K
Expenses
$339K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$339K
FY2024$361K
Net assets
$23K
FY2023▲ +84%
Tap a bar for its year
Net assets by fiscal year
FY2022$13K
FY2023$23K
FY2024$67K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Sep 2020.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $321K Management & general 5% · $18K

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

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

Part VII, Section A · reportable compensation
Executive Di
$10,000Pt VII · Sec A
Meeting Dire
$0Pt VII · Sec A
$0Pt VII · Sec A

Alisa Seymour’s $10K as Executive Di is at the 7th percentile of top reported officer pay among 1993 $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.

See Ed Murphey Classic 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 Memphis youth to live healthy through free track and field clinics and coaching.

Provided by the organization

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3 programs · $321K · in their own filed words · FY2023
01

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

$253Kprogram 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.

$65Kprogram 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.

$4Kprogram expense

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 3 funders$61K
See all 3 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$350K
Ln 12
Gifts and grantsLn 1h$335K
Other incomeLn 4–11$14K
Money outPt IX
$339K
Ln 25
Programscol B$321K
Managementcol C$18K
Owns and owesPt X
$23K
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$23K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$335K
Other incomeLn 4–11$14K
Total revenueLn 12$350K
Assets in detailPt X, end of year
CashLn 1$18K
Cash and savings togetherLn 1–2$18K
Total assetsLn 16$23K
LiabilitiesLn 26$0
Net assetsLn 32$23K
OperationsPt I, VI
EmployeesI 50
VolunteersI 675
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$13K$18K
Total assetsLn 16$13K$23K
LiabilitiesLn 26$0$0
Net assetsLn 32$13K$23K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$10K$10K
Accounting feesLn 11c$6K$6K
Other fees for servicesLn 11g$34K$34K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$3K$2K$1K
TravelLn 17$8K$8K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$176K$176K
All other expensesLn 24e$72K$72K
Total functional expensesLn 25$339K$321K$18K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $405K$361K$44K$67K 990 PDF
FY2023 Viewing $350K$339K$11K$23K 990 PDF
FY2022 $184K$13K 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 (6 parts)
Part I · Summary $349,538 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $172,321$335,450
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $11,877$14,088
I-12 Total revenuePrior year $184,198$349,538
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $172,400$338,926
I-18 Total expensesPrior year $172,400$338,926
I-19 Revenue less expensesPrior year $11,798$10,612
Part VI · Governance 2 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members2
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $349,538 across 4 lines filed
VIII-1f All other contributions, gifts and grants$335,450
VIII-1h Total contributions, gifts and grants$335,450
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $14,088$14,088
VIII-12 Total revenueRelated to mission $14,088$349,538
Part IX · Statement of functional expenses $338,926 across 10 lines filed
IX-11a Management feesManagement $10,000$10,000
IX-11c Accounting feesManagement $6,370$6,370
IX-11g Other fees for servicesPrograms $33,903$33,903
IX-12 Advertising and promotionPrograms $10,827$10,827
IX-13 Office expensesPrograms $2,160 · Management $1,157$3,317
IX-17 TravelPrograms $7,551$7,551
IX-22 Depreciation, depletion and amortizationPrograms $12,000$12,000
IX-23 InsurancePrograms $6,819$6,819
IX-24 Other expenses (24a–d)Programs $176,212$176,212
IX-24e All other expensesPrograms $71,927$71,927
IX-25 Total functional expensesPrograms $321,399 · Management $17,527 · Fundraising $0$338,926
Part X · Balance sheet $23,223 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $12,611$17,672
X-8 Inventories for sale or use$5,551
X-16 Total assetsStart of year $12,611$23,223
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $12,611$23,223
X-33 Total liabilities and net assetsStart of year $12,611$23,223
Part XI · Reconciliation of net assets $23,223 net assets at year end
XI-1 Total revenue$349,538
XI-2 Total expenses$338,926
XI-3 Revenue less expenses$10,612
XI-4 Net assets at start of year$12,611
XI-10 Net assets at end of year$23,223

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

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