Overview
What is Woman's Exchange Of Memphis Inc?
Woman's Exchange of Memphis Inc is a nonprofit organization located at 88 Racine Street, Memphis, Tennessee 38111. Their primary mission is to uplift indigent and handicapped individuals by offering them an opportunity to generate income through crafting and selling gifts and craft items. The organization serves as a platform, providing these individuals with a purpose and a means to showcase their skills. With a team of eight dedicated employees, Woman's Exchange of Memphis Inc is committed to empowering these individuals, thereby contributing positively to their lives.
Official website here: www.womans-exchange.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Woman's Exchange Of Memphis Inc has achieved a solid score of 83%, reflecting its commitment to accountability and financial management. The organization boasts an impressive 100% independent board, with all 22 members free from conflicts of interest. Additionally, it has demonstrated effective asset management, with a low liabilities to assets ratio of 4.45% and a strong program expense ratio of 90.92%, indicating that a significant portion of funds is directed towards its programs.
However, the organization has received some criticism for lacking key policies such as a conflict of interest policy and a whistleblower policy, both of which could enhance transparency and governance. Despite these limitations, the presence of a comprehensive document retention policy and publicly available board meeting minutes indicates a level of operational integrity. Overall, the Woman's Exchange Of Memphis Inc shows strengths in financial accountability but has avenues for improvement in its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Woman's Exchange Of Memphis Inc legitimate?
Woman's Exchange Of Memphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Woman's Exchange Of Memphis 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $212,856
For more financial information, click here
Official website here: www.womans-exchange.com
What is the mission statement of Woman's Exchange Of Memphis Inc?
The Woman's Exchange of Memphis Inc is an organization dedicated to assisting indigent and handicapped individuals. Their mission is to provide a platform for these individuals, enabling them to create and sell gifts and craft items. This initiative serves two purposes: it offers them a means of income, and it gives them a sense of purpose in their lives. The organization operates a gift shop, serving as an outlet for these artisans to showcase and sell their handmade goods.
Official website here: www.womans-exchange.com
Who is the CEO of Woman's Exchange Of Memphis Inc?
Marcia Anthony is the President of Woman's Exchange Of Memphis Inc.
Official website here: www.womans-exchange.com
What is the revenue of Woman's Exchange Of Memphis Inc?
Woman's Exchange Of Memphis Inc's revenue in 2022 was $474,579.
Official website here: www.womans-exchange.com
Who are the executives of Woman's Exchange Of Memphis Inc and what are their salaries?
The average compensation at Woman's Exchange Of Memphis Inc during 2022 was $26,607. There are 8 employees and 150 volunteers at Woman's Exchange Of Memphis Inc.
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Official website here: www.womans-exchange.com
Where can I find the form 990 for Woman's Exchange Of Memphis Inc?
Woman's Exchange Of Memphis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.womans-exchange.com
Learn more at the official website: www.womans-exchange.com
Mission Statement of Woman's Exchange Of Memphis Inc
Woman's Exchange of Memphis Inc is a nonprofit organization with a mission to aid indigent and handicapped individuals. They achieve this by providing a platform and marketplace for these individuals to produce and sell their craft items. This initiative not only provides them with an income source but also gives purpose to their lives. The organization operates a gift shop, serving as an outlet for these creators to showcase and sell their handmade goods. By doing so, Woman's Exchange of Memphis Inc contributes to the betterment of these individuals' lives, offering them a sense of self-worth and financial independence.
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Impact
July, 2024
The Woman's Exchange Of Memphis Inc has a significant impact on the community by providing a meaningful way for indigent and handicapped individuals to earn income and purpose through crafting and selling gifts and craft items. By operating a gift shop that serves as an outlet for these individuals to showcase their talents and generate revenue, the organization not only helps them financially but also empowers them to lead more fulfilling lives. Additionally, by supporting these individuals in creating and selling their crafts, the Woman's Exchange Of Memphis Inc contributes to their sense of self-worth and inclusion in society, ultimately promoting independence and economic stability among those in need.
This information is meant to be a general summary of Woman's Exchange Of Memphis 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: $9
- Program Service Revenue: $15,315
- Gross Receipts: $776,578
Assets and Liabilities:
- Total Assets: $850,674
- Total Liabilities: $37,939
- Net Assets: $812,735
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSESSMENTS
Revenue
$15,315
Organization Details
Founding Year
1938
Phone
(901) 327-5682Principal Officer
Marcia Anthony
Main Address
88 RACINE STREET, MEMPHIS, TN, 38111
Website
www.womans-exchange.comNTEE Category
Code: J200 - Employment
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