Overview
What is Memphis Tomorrow?
Memphis Tomorrow is a notable association comprised of leading CEOs from Memphis' most substantial businesses. Their mission is to collaborate with both the public and private sectors in an effort to foster opportunities and enhance the overall quality of life for all Memphis residents. Their areas of focus include digital equity, early childhood development, K-12 education, economic development, public safety, and more, demonstrating their commitment to the holistic betterment of the community. With a small yet dedicated team, Memphis Tomorrow leverages collective action and public-private partnerships to drive positive change in the city.
Official website here: www.memphistomorrow.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Memphis Tomorrow has been rated with an 88% score by Charity Navigator, indicating solid performance in accountability and finance. The organization boasts a fully independent board and a high program expense ratio of 85.13%, demonstrating its commitment to effectively directing funds towards its mission. Additionally, it has received full marks for its audit and oversight committee, showing strong financial governance.
Despite its strengths, there are areas that Memphis Tomorrow could improve upon, particularly in its policies and transparency. The absence of a whistleblower policy and a document retention and destruction policy suggests potential vulnerabilities in its governance framework. Moreover, the lack of publicly available tax documents could hinder transparency for potential donors and stakeholders.
Overall, while Memphis Tomorrow exhibits strong financial health and governance practices, addressing its policy gaps could enhance its overall accountability and trustworthiness within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Tomorrow legitimate?
Memphis Tomorrow is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Tomorrow 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: $350,716
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.memphistomorrow.org
What is the mission statement of Memphis Tomorrow?
Memphis Tomorrow is an organization comprised of CEOs from the city's largest businesses. Their mission is to enhance opportunities and improve the quality of life for all city residents through collective action and public-private partnerships. They work with both government and civic sectors to achieve this goal, focusing on various areas such as digital equity, early childhood development, K-12 education, economic development, and public safety, among others. Their aim is to promote equal opportunities and a better living standard for all city dwellers.
Official website here: www.memphistomorrow.org
Who is the CEO of Memphis Tomorrow?
Blair Taylor is the Director of Memphis Tomorrow.
Official website here: www.memphistomorrow.org
What is the revenue of Memphis Tomorrow?
Memphis Tomorrow's revenue in 2022 was $1,027,400.
Official website here: www.memphistomorrow.org
Who are the executives of Memphis Tomorrow and what are their salaries?
The average compensation at Memphis Tomorrow during 2022 was $350,716. There is 1 employee at Memphis Tomorrow.
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Official website here: www.memphistomorrow.org
Where can I find the form 990 for Memphis Tomorrow?
Memphis Tomorrow's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphistomorrow.org
Learn more at the official website: www.memphistomorrow.org
Mission Statement of Memphis Tomorrow
Memphis Tomorrow, an association of CEOs from the city's largest businesses, is committed to improving the opportunities and quality of life for all Memphians. They accomplish this goal through collective action and strategic partnerships with both public and private sectors. Memphis Tomorrow's mission is focused on several key areas, including digital equity, early childhood development, K-12 education, economic development, and public safety, among others. By collaborating with various sectors, Memphis Tomorrow aims to promote a more equitable and prosperous future for the city's residents.
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Impact
July, 2024
Memphis Tomorrow's impact can be seen in its efforts to promote opportunity and enhance the quality of life for all Memphians through collective action and public-private partnerships. The association of CEOs from Memphis' largest businesses works collaboratively with the government and civic sectors to address key areas such as digital equity, early childhood development, K-12 education, economic development, and public safety. By focusing on these critical areas, Memphis Tomorrow plays a significant role in driving positive change and community improvement in Memphis.
This information is meant to be a general summary of Memphis Tomorrow. 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: -$2,600
- Gross Receipts: $1,030,000
Assets and Liabilities:
- Total Assets: $526,503
- Total Liabilities: $49,469
- Net Assets: $477,034
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Organization Details
Founding Year
2001
Phone
(901) 322-8080Principal Officer
Blair Taylor
Main Address
40 SOUTH MAIN STREET SUITE 1530, MEMPHIS, TN, 38103
Website
www.memphistomorrow.orgNTEE Category
Code: S30 - Community improvement
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