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Memphis Chamber Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237057855 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

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Overview

What is Memphis Chamber Foundation?

The Memphis Chamber Foundation, located at 100 Peabody Place 1000, Memphis, TN 38103, is a nonprofit organization that collaborates with Southwest Tennessee Community College to establish the Mid-South Quality Productivity Center. This center provides education aimed at helping businesses enhance their quality and productivity. The foundation's mission encompasses various objectives, including the promotion of education and science, lessening neighborhood tensions, combating community deterioration, and eliminating prejudice and discrimination. It achieves these goals through studies and research, the conduct of training courses, and activities that foster understanding and improved relationships between different economic and ethnic groups. The foundation also undertakes the compilation and publication of results, as well as organizing discussions, forums, and lectures. In essence, the Memphis Chamber Foundation works to advance knowledge and understanding in various sectors while striving to unite diverse communities.


Official website here: www.memphischamber.com

Is Memphis Chamber Foundation legitimate?

Memphis Chamber Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Chamber Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.memphischamber.com

What is the mission statement of Memphis Chamber Foundation?

The Memphis Chamber Foundation's mission is centered around promoting education and science, alleviating governmental burdens, reducing neighborhood tensions, combating discrimination, and improving community conditions. Additionally, the organization strives to advance and disseminate knowledge and understanding in areas such as economics, finance, education, and technology, relating to the community and its challenges and opportunities. They achieve this mission through various means, including conducting studies and research, publishing results, organizing training courses and seminars, and engaging in activities that foster understanding and unity among different economic and ethnic groups.


Official website here: www.memphischamber.com

Who is the CEO of Memphis Chamber Foundation?

Ted Ferris is the Director of Memphis Chamber Foundation.


Official website here: www.memphischamber.com

What is the revenue of Memphis Chamber Foundation?

Memphis Chamber Foundation's revenue in 2022 was $266,946.


Official website here: www.memphischamber.com

Who are the executives of Memphis Chamber Foundation and what are their salaries?


Here are 9 key members and their salaries:


Dot Neale (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Hilliard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Duckett (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tish Boyd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leigh Shockey (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ted Ferris (Treasurer)
  • Compensation: $0
  • Related: $197,198
  • Other: $35,557
Jason Hood (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Barnes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beverly Robertson (President)
  • Compensation: $0
  • Related: $297,177
  • Other: $41,247


Official website here: www.memphischamber.com

Where can I find the form 990 for Memphis Chamber Foundation?

Memphis Chamber Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.memphischamber.com

Learn more at the official website: www.memphischamber.com

Mission Statement of Memphis Chamber Foundation

The Memphis Chamber Foundation, in its mission, aims to foster the advancement of education and science, as well as reduce the burden of government. It also strives to alleviate neighborhood tensions, eliminate prejudice and discrimination, and combat community deterioration. Furthermore, the foundation promotes the dissemination of knowledge and understanding about economics, finance, education and training, science, and technology, particularly as they relate to the community, region, and their challenges and opportunities. This is achieved through various means, such as conducting studies and research, compiling results, and publishing them through appropriate media. Additionally, the foundation organizes training courses, seminars, discussions, forums, panels, and lectures to promote understanding, unity, and improved relationships among different economic or ethnic groups.

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Impact




October, 2024

The Memphis Chamber Foundation significantly contributes to the advancement of education and the promotion of community well-being in the Memphis region. By focusing on the dissemination of knowledge in areas like economics, finance, education, and technology, the Foundation addresses critical local challenges and opportunities.

Through initiatives such as the Mid-South Quality Productivity Center, in collaboration with Southwest Tennessee Community College, the Foundation provides targeted education and training designed to enhance business productivity and quality. This initiative not only supports businesses but also contributes to the overall economic development of the region.

Additionally, the Foundation actively works to lessen neighborhood tensions and combat community deterioration by fostering understanding and unity among diverse economic and ethnic groups. By conducting research, hosting seminars, and facilitating discussion forums, the Foundation promotes dialogue and collaboration, leading to improved community relationships. Ultimately, the Memphis Chamber Foundation plays a pivotal role in enriching the educational landscape and enhancing the socio-economic fabric of the community.




This information is meant to be a general summary of Memphis Chamber Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$266,946 (2022)
Expenses
$311,534 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $87,446
  • Gross Receipts: $266,946

Assets and Liabilities:

  • Total Assets: $1,833,165
  • Total Liabilities: $172,693
  • Net Assets: $1,660,472

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MID-SOUTH QUALITY PROD

Revenue

$83,121

PROGRAM PARTNERSHIP RE

Revenue

$4,325

Organization Details

Founding Year

1969

Principal Officer

Ted Ferris

Main Address

100 PEABODY PLACE 1000, MEMPHIS, TN, 38103

NTEE Category

Code: L20Z - Housing

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