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Memory For Memory Inc

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

EIN: 455206426 ✦ West palm beach, FL ✦ Designated as a 501(c)(3)

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Overview

What is Memory For Memory Inc?

Memory For Memory Inc is a nonprofit organization situated in West Palm Beach, Florida. Their primary mission is to raise funds by ethically recycling electronics, which are subsequently donated to charities and services dedicated to combating Alzheimer's and dementia. Beyond financial support, they also contribute refurbished computers and electronic devices to these charitable organizations for their operational needs. This holistic approach aims to both promote sustainability and provide assistance to individuals and families affected by these debilitating conditions.


Official website here: www.memoryformemory.org

Is Memory For Memory Inc legitimate?

Memory For Memory Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memory For Memory Inc 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: $124,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $197,309

For more financial information, click here


Official website here: www.memoryformemory.org

What is the mission statement of Memory For Memory Inc?

Memory For Memory Inc's mission is centered around ethically recycling electronic devices to generate funds. These funds are then donated to charities and services dedicated to finding a cure for Alzheimer's and dementia, or to assist those affected by these conditions. Moreover, the organization donates refurbished computers and electronics to charitable organizations for their operational needs.


Official website here: www.memoryformemory.org

Who is the CEO of Memory For Memory Inc?

Karl C Schoeller is the Board Member of Memory For Memory Inc. The CEO's salary of Memory For Memory Inc is $124,624 and their total compensation is $124,624.


Official website here: www.memoryformemory.org

What is the revenue of Memory For Memory Inc?

Memory For Memory Inc's revenue in 2021 was $635,302.


Official website here: www.memoryformemory.org

Who are the executives of Memory For Memory Inc and what are their salaries?

The average compensation at Memory For Memory Inc during 2021 was $45,990. There are 7 employees and 1 volunteer at Memory For Memory Inc.


Here are 4 key members and their salaries (Memory For Memory Inc's CEO's salary is $124,624 and their total compensation is $124,624):


Mary Louise Orr (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brendan R Kelley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Storkerson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karl C Schoeller (Ceo/Treasurer/Sec)
  • Compensation: $124,624
  • Related: $0
  • Other: $0


Official website here: www.memoryformemory.org

Where can I find the form 990 for Memory For Memory Inc?

Memory For Memory Inc's most recent form 990 was submitted in 2021 and can be accessed here.


Official website here: www.memoryformemory.org

Learn more at the official website: www.memoryformemory.org

Mission Statement of Memory For Memory Inc

Memory For Memory Inc, an organization dedicated to ethical electronics recycling, aims to generate revenue through this process. This revenue is then donated to charities and services that are committed to finding a cure for Alzheimer's and dementia, or providing assistance to those affected by these conditions. Additionally, the organization donates refurbished computers and electronics to various charities, allowing them to utilize these resources in their operations. By engaging in these activities, Memory For Memory Inc contributes to the broader mission of supporting individuals and organizations working towards improving the lives of those affected by Alzheimer's and dementia.

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Impact




October, 2024

Memory For Memory Inc plays a significant role in addressing the challenges associated with Alzheimer's and dementia by generating revenue through the ethical recycling of electronics. By donating funds to organizations focused on finding cures and assisting those impacted by these conditions, they directly contribute to improving the quality of life for patients and their families.

Additionally, the organization supports community charities through the provision of refurbished computers and electronics, enhancing the operational capacities of these organizations. This dual approach not only helps tackle the pressing issues related to memory diseases but also promotes sustainable practices in technology recycling. Their efforts enrich the local community in West Palm Beach, Florida, fostering a spirit of philanthropy and compassion that resonates beyond their immediate impact.




This information is meant to be a general summary of Memory For Memory Inc. 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
$635,302 (2021)
Expenses
$680,558 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Investment Income: $2,799
  • Program Service Revenue: $362,712
  • Gross Receipts: $651,253

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Programs

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

Sale-donated hardware

Revenue

$362,712

Organization Details

Founding Year

2012

Principal Officer

Karl C Schoeller

Main Address

4262 Westroads Drive Suite A, West Palm Beach, FL, 33407

NTEE Category

Code: T30 - Philanthropy

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