Overview
What is Memphis Heritage Incorporated?
Memphis Heritage Incorporated is a nonprofit organization situated in Memphis, Tennessee. Their primary purpose is to foster an appreciation for the area's rich heritage and safeguard its historic sites. Through their activities, they aim to keep the region's past alive and ensure that future generations can connect with its history. This includes preserving significant landmarks and promoting the value of these historical places.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
Memphis Heritage Incorporated has received a low rating of 33% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's score is based entirely on a single beacon focused on accountability and finance, where it achieved a score of 33 out of 100. While it has strengths in maintaining a majority of independent board members and not experiencing any material diversion of assets, it falls short in crucial areas such as having a public website and adequate conflict of interest policies.
Despite having a complete independent board, Memphis Heritage lacks transparency in several key areas. The organization does not provide a website link on its tax form, nor does it have essential policies like a conflict of interest policy, whistleblower policy, or a document retention policy. This lack of compliance with basic governance standards has contributed to its low rating, reflecting a need for improvement in operational transparency.
Overall, while Memphis Heritage may have a strong governance structure in terms of board independence, the absence of necessary policies and public documentation raises concerns about its financial health and accountability practices. Stakeholders and potential donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Heritage Incorporated legitimate?
Memphis Heritage Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Heritage Incorporated 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: $125,796
For more financial information, click here
What is the mission statement of Memphis Heritage Incorporated?
Memphis Heritage Incorporated strives to maintain the rich history of a specific area by fostering a sense of appreciation for its heritage. One of their key objectives is to safeguard and preserve the region's historical landmarks. By carrying out these activities, they aim to keep the history of this area alive and vibrant for future generations. Their mission is a testament to their commitment to preserving the past and ensuring it continues to inspire and educate people.
Who is the CEO of Memphis Heritage Incorporated?
Leah Fox-Greenberg is the Principal Officer of Memphis Heritage Incorporated.
What is the revenue of Memphis Heritage Incorporated?
Memphis Heritage Incorporated's revenue in 2023 was $110,993.
Who are the executives of Memphis Heritage Incorporated and what are their salaries?
The average compensation at Memphis Heritage Incorporated during 2023 was $31,449. There are 4 employees and 33 volunteers at Memphis Heritage Incorporated.
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Where can I find the form 990 for Memphis Heritage Incorporated?
Memphis Heritage Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Memphis Heritage Incorporated
Memphis Heritage Incorporated is dedicated to maintaining the rich history of the Memphis area. Their mission is twofold: firstly, they strive to foster a sense of appreciation for this area's heritage, and secondly, they work tirelessly to preserve its historic sites. By doing so, Memphis Heritage Incorporated aims to keep the region's history alive and vibrant, ensuring that future generations can continue to learn from and be inspired by its past. The organization's efforts in preserving historic places contribute to the area's cultural identity and serve as a testament to its rich history.
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Impact
October, 2024
Memphis Heritage Incorporated significantly impacts the Memphis area by fostering a deep appreciation for the region's rich historical heritage and working diligently to preserve its historic sites. Through various initiatives and programs, the organization educates the community about the importance of local history, encouraging citizens and visitors alike to engage with the stories that shape the city’s cultural identity. By advocating for and protecting significant landmarks, Memphis Heritage plays a crucial role in maintaining the architectural and historical integrity of the city, ensuring that future generations can understand and appreciate the local heritage. This commitment not only contributes to the community’s sense of pride but also enhances the overall cultural landscape of Memphis, attracting tourism and promoting the arts.
This information is meant to be a general summary of Memphis Heritage Incorporated. 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 2023.
- Investment Income: $17,124
- Gross Receipts: $110,993
Assets and Liabilities:
- Total Assets: $1,012,172
- Total Liabilities: $0
- Net Assets: $1,012,172
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Organization Details
Founding Year
1975
Phone
(901) 272-9471Principal Officer
Leah Fox-Greenberg
Main Address
2282 Madison Ave, Memphis, TN, 38104
NTEE Category
Code: A82Z - Arts
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