Tone Memphis INC

Tax-deductible

Memphis, TN501(c)(3)Since 2024Arts & CultureEIN 99-1588191Revenue $601K in FY2025

On file with the IRS884 Mosby Rd, 38116-6315 · Memphis, TNTax-exempt since Aug 2024Publicly supported — 509(a)(2)

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Revolutionize the culture

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · 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
Cash reserves
8 mo
of spending, in cash
Looks good: 8.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$601K
Spent
$351K
Net assets
$250K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2024.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $351K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Vice Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Tone Memphis 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Tone Memphis INC is an arts and culture nonprofit based in Memphis, TN, formed in 2024.

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1 program · in their own filed words · FY2025
01

Revolutionize the culture

Pt IX · col B

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$601K
Ln 12
Gifts and grantsLn 1h$601K
Money outPt IX
$351K
Ln 25
Managementcol C$351K
Owns and owesPt X
$250K
net assets · Ln 32
Cash and savingsLn 1–2$250K
Total assetsLn 16$250K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$601K
Total revenueLn 12$601K
Assets in detailPt X, end of year
CashLn 1$250K
Cash and savings togetherLn 1–2$250K
Total assetsLn 16$250K
LiabilitiesLn 26$0
Net assetsLn 32$250K
OperationsPt I, VI
EmployeesI 50
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 FY25End FY25
Cash and savingsLn 1–2$250K
Total assetsLn 16$0$250K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$250K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$29K$29K
Payroll taxesLn 10$112$112
Management feesLn 11a$114K$114K
Accounting feesLn 11c$26K$26K
Travel and entertainment for public officialsLn 18$375$375
Payments to affiliatesLn 21$182K$182K
Total functional expensesLn 25$351K$0$351K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $601K$351K$250K$250K 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 FY2025 990 (6 parts)
Part I · Summary $601,152 revenue, 12 lines filed
I-8 Contributions and grants$601,152
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$601,152
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$29,570
I-16a Professional fundraising fees$0
I-17 Other expenses$321,841
I-18 Total expenses$351,411
I-19 Revenue less expenses$249,741
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
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 $601,152 across 4 lines filed
VIII-1f All other contributions, gifts and grants$601,152
VIII-1h Total contributions, gifts and grants$601,152
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$601,152
Part IX · Statement of functional expenses $351,411 across 6 lines filed
IX-7 Other salaries and wagesManagement $29,458$29,458
IX-10 Payroll taxesManagement $112$112
IX-11a Management feesManagement $113,709$113,709
IX-11c Accounting feesManagement $26,000$26,000
IX-18 Travel and entertainment for public officialsManagement $375$375
IX-21 Payments to affiliatesManagement $181,757$181,757
IX-25 Total functional expensesPrograms $0 · Management $351,411 · Fundraising $0$351,411
Part X · Balance sheet $249,741 assets, 6 lines filed
X-1 Cash, non-interest-bearing$249,741
X-16 Total assetsStart of year $0$249,741
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$249,741
X-32 Total net assets or fund balancesStart of year $0$249,741
X-33 Total liabilities and net assetsStart of year $0$249,741
Part XI · Reconciliation of net assets $249,741 net assets at year end
XI-1 Total revenue$601,152
XI-2 Total expenses$351,411
XI-3 Revenue less expenses$249,741
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$249,741

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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