Overview
What is Memphis Brand Office?
The Memphis Brand Office is a nonprofit organization situated in Memphis, Tennessee. Its primary objective is to enhance the global reputation of Memphis and Shelby County by defining and promoting a unique and essential brand identity. By strategically communicating this identity, the organization aims to attract talent, tourists, and businesses, as well as bolster civic pride among local residents. The Memphis Brand Office leverages the power of catalytic positive change, merging mission and marketing, to generate substantial visibility, energy, and investment into the community. Its efforts positively impact various issues and ecosystems, including economic development, talent recruitment, tourism, and civic pride. The organization currently employs a team of five individuals.
Official website here: www.memphisbrand.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Memphis Brand Office has achieved an 84% score, indicating a solid performance in accountability and finance. This rating reflects strong governance practices, such as having a majority of independent board members and a robust audit and oversight committee. The organization has shown effective financial management with a low liabilities to assets ratio and a high program expense ratio, which suggests that a significant portion of its expenditures directly supports its programs.
However, there are notable areas for improvement, particularly concerning governance policies. The charity is lacking key policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for ensuring transparency and accountability. Additionally, the absence of posted tax forms on its website may hinder public trust and accessibility.
Overall, while the Memphis Brand Office demonstrates effective financial practices and governance structure, addressing these policy gaps could enhance its accountability and public perception significantly.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Brand Office legitimate?
Memphis Brand Office is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Brand Office 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: $277,273
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,021
For more financial information, click here
Official website here: www.memphisbrand.org
What is the mission statement of Memphis Brand Office?
The Memphis Brand Office, through its mission, leverages the power of catalytic positive change at the intersection of mission and marketing. By doing so, it generates significant visibility, energy, and investment into the community, positively impacting various issues and ecosystems such as economic development, talent recruitment, tourism, and civic pride. The organization's goal is to elevate the global reputation of the community by defining and communicating its authentic and essential brand identity in a strategic and coordinated manner. This aims to attract and retain talent, tourists, and businesses, ultimately strengthening civic pride among community members.
Official website here: www.memphisbrand.org
Who is the CEO of Memphis Brand Office?
David J French is the Board Chairman of Memphis Brand Office.
Official website here: www.memphisbrand.org
What is the revenue of Memphis Brand Office?
Memphis Brand Office's revenue in 2022 was $1,209,735.
Official website here: www.memphisbrand.org
Who are the executives of Memphis Brand Office and what are their salaries?
The average compensation at Memphis Brand Office during 2022 was $105,659. There are 5 employees at Memphis Brand Office.
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- Compensation: $277,273
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- Other: $15,845
Official website here: www.memphisbrand.org
Where can I find the form 990 for Memphis Brand Office?
Memphis Brand Office's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphisbrand.org
Learn more at the official website: www.memphisbrand.org
Mission Statement of Memphis Brand Office
The Memphis Brand Office, an organization dedicated to catalytic positive change, embraces the intersection of mission and marketing. Their mission is to generate significant visibility, energy, and investment into their community, positively impacting various issues and ecosystems such as economic development, talent recruitment, tourism, and civic pride. By strategically communicating the authentic and essential brand identity of Memphis/Shelby County, this initiative aims to attract and retain talent, tourists, and businesses, ultimately strengthening civic pride among local residents.
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Impact
July, 2024
Memphis Brand Office's impact lies in catalyzing positive change at the intersection of mission and marketing. By generating massive visibility, energy, and investment into the community, this initiative is positively impacting various areas such as economic development, talent recruitment, tourism, and civic pride in Memphis. Through strategic branding efforts, Memphis Brand Office aims to elevate the city's global reputation, attract and retain talent, tourists, and businesses, as well as strengthen civic pride among Memphians. This holistic approach demonstrates the organization's commitment to driving sustainable growth and prosperity in Memphis and Shelby County.
This information is meant to be a general summary of Memphis Brand Office. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $530,306
- Gross Receipts: $1,209,735
Assets and Liabilities:
- Total Assets: $494,697
- Total Liabilities: $47,489
- Net Assets: $447,208
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICES
Revenue
$530,306
Organization Details
Founding Year
2016
Phone
(901) 805-0151Principal Officer
David J French
Main Address
PO BOX 41708, MEMPHIS, TN, 38174
Website
www.memphisbrand.orgNTEE Category
Code: B90 - Education
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