Overview
What is Memphis Education Fund Inc?
Memphis Education Fund Inc, based in Memphis, Tennessee, is a dedicated nonprofit organization with a workforce of six individuals. Their primary mission is to boost the K-12 educational outcomes within the Greater Memphis area. To achieve this goal, they establish initiatives and develop strategies to support teachers, schools, and the community. Through collaboration with the Shelby County School District and the Achievement School District, they work on strategies to improve school development and implementation of initiatives aimed at enhancing K-12 educational outcomes.
Official website here: www.memphiseducationfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85%, Three-Star out of Four Star rating.
The Memphis Education Fund Inc has received a solid rating of 85%, which reflects its commitment to accountability and finance within the nonprofit sector. The organization has demonstrated strong governance practices, including a fully independent board and comprehensive policies addressing conflicts of interest and whistleblower protections. These features contribute positively to its overall transparency and operational integrity.
Despite its strengths, one notable area for improvement is the fundraising efficiency ratio, which has been marked at $0.00. This may indicate challenges in fundraising efforts or reliance on alternative funding sources, which could impact the organization’s sustainability long-term. Nonetheless, the charity maintains a favorable program expense ratio and a liability to assets ratio, suggesting effective resource management and a focused mission.
Overall, the Memphis Education Fund Inc appears to be a reliable organization with robust financial practices and governance structures. However, potential donors and stakeholders may want to consider the implications of its fundraising efficiency when evaluating the charity's capacity to sustain its programs and initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Education Fund Inc legitimate?
Memphis Education Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Education Fund 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: $244,178
Professional Fundraising Fees: $0
Other Salaries and Wages: $336,918
For more financial information, click here
Official website here: www.memphiseducationfund.org
What is the mission statement of Memphis Education Fund Inc?
The Memphis Education Fund Inc is committed to collaborating with the Shelby County School District and the Achievement School District to devise strategies that enhance school improvement, development, and the implementation of initiatives aimed at boosting K-12 educational outcomes in the broader Memphis, Tennessee area. The organization focuses on establishing initiatives and developing strategies to support teachers, schools, and the community to improve public education in Memphis. They work towards this goal by developing and implementing initiatives designed to improve K-12 educational outcomes in the greater Memphis, Tennessee region.
Official website here: www.memphiseducationfund.org
Who is the CEO of Memphis Education Fund Inc?
Terence Patterson is the Ceo of Memphis Education Fund Inc. The CEO's salary of Memphis Education Fund Inc is $244,178 and their total compensation is $264,566.
Official website here: www.memphiseducationfund.org
What is the revenue of Memphis Education Fund Inc?
Memphis Education Fund Inc's revenue in 2022 was $4,212,155.
Official website here: www.memphiseducationfund.org
Who are the executives of Memphis Education Fund Inc and what are their salaries?
The average compensation at Memphis Education Fund Inc during 2022 was $96,849. There are 6 employees at Memphis Education Fund Inc.
Here are 9 key members and their salaries (Memphis Education Fund Inc's CEO's salary is $244,178 and their total compensation is $264,566):
- Compensation: $244,178
- Related: $0
- Other: $20,388
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $126,904
- Related: $0
- Other: $13,616
Official website here: www.memphiseducationfund.org
Where can I find the form 990 for Memphis Education Fund Inc?
Memphis Education Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphiseducationfund.org
Learn more at the official website: www.memphiseducationfund.org
Mission Statement of Memphis Education Fund Inc
Memphis Education Fund Inc, a nonprofit organization, is committed to collaborating with the Shelby County School District and the Achievement School District to devise strategies that support the improvement, development, and implementation of initiatives aimed at enhancing K-12 educational outcomes in the greater Memphis, Tennessee area. The primary mission of Memphis Education Fund Inc involves establishing initiatives and developing strategies that strengthen teachers, schools, and the community, ultimately contributing to the improvement of public education in Memphis. Through their work, they aim to foster an environment where educational outcomes for students in the K-12 level can be significantly increased.
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Impact
July, 2024
The Memphis Education Fund Inc is actively working to improve public education in the Greater Memphis, Tennessee area by establishing initiatives and developing strategies to support teachers, schools, and the community. Their mission is to partner with the Shelby County School District and the Achievement School District to implement strategies that enhance school improvement and increase educational outcomes for K-12 students in the region. Through their focused efforts on education, the Memphis Education Fund Inc is making a positive impact on the local community by driving progress and innovation in the education sector.
This information is meant to be a general summary of Memphis Education Fund 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $999
- Gross Receipts: $4,212,155
Assets and Liabilities:
- Total Assets: $5,446,050
- Total Liabilities: $1,026,854
- Net Assets: $4,419,196
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Organization Details
Founding Year
2015
Phone
(901) 435-0400Principal Officer
Terence Patterson
Main Address
1350 CONCOURSE AVE STE 434, MEMPHIS, TN, 38104
Website
www.memphiseducationfund.orgNTEE Category
Code: B90 - Education
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