Overview
What is Memphis Leadership Foundation Inc?
Memphis Leadership Foundation Inc, based in Memphis, Tennessee, is a nonprofit organization with a mission to uplift urban communities. They achieve this by equipping and empowering grassroots leaders, fostering transformation at a local level. One of their key initiatives, ECONOMIC OPPORTUNITIES (ECOP), offers job training and placement services to individuals with significant barriers to entering the job market, notably ex-offenders. Over the past two decades, ECOP has successfully placed over 2,000 individuals back into employment. The foundation is a member of the Global Network of Local Leadership Foundations (LLFS), a group dedicated to transforming cities globally. With a workforce of 208 dedicated individuals, Memphis Leadership Foundation Inc is committed to making a significant impact in their community.
Official website here: www.mlfonline.org
What are the reviews and ratings of this charity?
Charity Navigator rates the Memphis Leadership Foundation Inc with a Four-Star out of Four Star rating, scoring 94% overall based solely on Accountability & Finance metrics. This high score indicates robust financial health, with key strengths in independent governance and effective oversight practices, ensuring transparency and ethical management.
The organization has demonstrated solid fiscal discipline, maintaining a high program expense ratio of 84.08%, indicating that the majority of its funds are allocated directly to its mission programs. Additionally, there are no flagged issues regarding asset diversion, and it adheres to several best practices for nonprofit governance, such as having a conflict of interest policy and a whistleblower policy in place.
However, while the organization excels in financial metrics, there is some uncertainty surrounding its impact and adaptability, as these categories have not been scored. Furthermore, without user reviews available from GreatNonprofits, there is no public feedback to gauge general sentiment among those served by or involved with the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Memphis Leadership Foundation Inc?
90% of 14 reviewers on Facebook recommend Memphis Leadership Foundation Inc. Here is a summary of their reviews:
Many users express deep appreciation for the foundation's impact, particularly highlighting its Urban Youth Initiative project as a valuable resource for education and ministry training. Reviewers feel that the nonprofit effectively supports individuals in their personal and professional growth, making a significant difference in their lives.
Overall, the sentiment towards Memphis Leadership Foundation Inc. is overwhelmingly positive, with individuals feeling grateful for the guidance and opportunities provided by the organization. The foundation appears to fulfill its mission of empowerment and education in the community.
This AI summary has been generated from reviews found on Facebook.
Is Memphis Leadership Foundation Inc legitimate?
Memphis Leadership Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Leadership Foundation 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: $283,060
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,747,090
For more financial information, click here
Official website here: www.mlfonline.org
What is the mission statement of Memphis Leadership Foundation Inc?
The Memphis Leadership Foundation's mission, as a non-denominational faith-based outreach ministry, is to equip and empower grassroots urban leaders to bring about transformative changes in lives and communities. As a member of the Global Network of Local Leadership Foundations, the organization works towards transforming the cities it operates in. One of its significant initiatives is the Economic Opportunities ministry, which provides job training and placement services to individuals with significant barriers to entering the job market, such as ex-offenders. Over the past two decades, this ministry has successfully placed over 2,000 individuals back into the workforce, with around 100-125 ex-offenders benefiting each year.
Official website here: www.mlfonline.org
Who is the CEO of Memphis Leadership Foundation Inc?
Larry Lloyd is the Founder of Memphis Leadership Foundation Inc. The CEO's salary of Memphis Leadership Foundation Inc is $90,631 and their total compensation is $110,057.
Official website here: www.mlfonline.org
What is the revenue of Memphis Leadership Foundation Inc?
Memphis Leadership Foundation Inc's revenue in 2021 was $7,362,693.
Official website here: www.mlfonline.org
Who are the executives of Memphis Leadership Foundation Inc and what are their salaries?
The average compensation at Memphis Leadership Foundation Inc during 2021 was $19,376. There are 208 employees and 28 volunteers at Memphis Leadership Foundation Inc.
Here are 20 key members and their salaries (Memphis Leadership Foundation Inc's CEO's salary is $90,631 and their total compensation is $110,057):
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- Other: $18,891
- Compensation: $90,631
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- Other: $19,426
Official website here: www.mlfonline.org
Where can I find the form 990 for Memphis Leadership Foundation Inc?
Memphis Leadership Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.mlfonline.org
Learn more at the official website: www.mlfonline.org
Mission Statement of Memphis Leadership Foundation Inc
The Memphis Leadership Foundation, a non-denominational faith-based outreach ministry, is dedicated to equipping and empowering grassroots urban leaders to transform lives and communities in their respective areas. This organization is a member of the Global Network of Local Leadership Foundations, a network of organizations working to transform the cities they operate in.
At the heart of Memphis Leadership Foundation's mission is the Economic Opportunities ministry, which provides job training and placement services for individuals who face significant barriers to entering the job market. Over the past two decades, this ministry has helped over 2,000 people, many of them ex-offenders, to rejoin the workforce. The impact of this ministry is particularly notable, with around 100-125 ex-offenders benefiting each year. This mission demonstrates the Memphis Leadership Foundation's commitment to uplifting and empowering its community, providing opportunities for growth and transformation.
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Impact
July, 2024
Memphis Leadership Foundation Inc's impact can be seen through its Economic Opportunities program, which provides job training and placement for individuals facing significant barriers to entering the job market. Over the last 20 years, this ministry has helped over 2,000 people find employment, with a focus on supporting ex-offenders. Each year, the program assists 100-125 ex-offenders in gaining job skills and opportunities for a fresh start. This initiative not only benefits individuals by providing them with a pathway to employment but also contributes to the community by reducing recidivism and promoting economic empowerment.
This information is meant to be a general summary of Memphis Leadership Foundation 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 2021.
- Investment Income: $580
- Program Service Revenue: $1,736,649
- Gross Receipts: $7,631,821
Assets and Liabilities:
- Total Assets: $2,752,638
- Total Liabilities: $870,536
- Net Assets: $1,882,102
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ECONOMIC DEVELOPMENT P
Revenue
$1,560,846
FACILITY AND ADMINISTR
Revenue
$170,459
OTHER INCOME
Revenue
$5,344
Organization Details
Founding Year
1986
Phone
(901) 729-2931Principal Officer
Larry Lloyd
Main Address
2400 POPLAR AVE NO 318, MEMPHIS, TN, 381123211
Website
www.mlfonline.orgNTEE Category
Code: O55Z - Youth development
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