Overview
What is Memphis Athletic Ministries Realty Inc?
Memphis Athletic Ministries Realty Inc is a nonprofit organization situated in Memphis, Tennessee, with an address at 6000 Briarcrest Ave. Their primary mission is to offer athletic facilities for the purpose of providing recreational activities for inner-city youth in the Memphis area. Approximately 110 young individuals benefit daily from these programs. The organization's objective is to ensure safe facilities for the programs of Memphis Athletic Ministries, Inc., ultimately contributing to the overall development and engagement of the local youth community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Star rating.
Memphis Athletic Ministries Realty Inc has received a low rating of 58%, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a perfect score for its program expense ratio, suggesting that all expenses are directed to program services, it falls short in vital areas such as policies for conflict of interest, whistleblowing, and document retention. These missing policies may raise questions about the organization's governance and transparency.
The organization has a fully independent board, earning top marks in that category, which reflects a strong governance structure. However, its liabilities to assets ratio is concerning at 115.08%, implying potential financial instability. This lack of balance between liabilities and assets can pose risks to the organization's sustainability and ability to fulfill its mission effectively.
Overall, while Memphis Athletic Ministries Realty Inc demonstrates strengths in program spending and board independence, the absence of critical financial and operational policies, combined with high liabilities, suggests that potential donors and stakeholders should approach with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Athletic Ministries Realty Inc legitimate?
Memphis Athletic Ministries Realty Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Athletic Ministries Realty 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: $0
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What is the mission statement of Memphis Athletic Ministries Realty Inc?
Memphis Athletic Ministries Realty Inc's mission is centered around providing safe athletic facilities to support the programs run by Memphis Athletic Ministries. The primary goal is to offer recreational activities for urban youth in the Memphis area, benefiting approximately 110 young individuals daily. The organization's commitment extends to ensuring these facilities are available for the youth to engage in athletic programs, ultimately contributing to their development and well-being.
Who is the CEO of Memphis Athletic Ministries Realty Inc?
Dallas Geer is the Director of Memphis Athletic Ministries Realty Inc.
What is the revenue of Memphis Athletic Ministries Realty Inc?
Memphis Athletic Ministries Realty Inc's revenue in 2022 was $92,000.
Who are the executives of Memphis Athletic Ministries Realty Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Memphis Athletic Ministries Realty Inc?
Memphis Athletic Ministries Realty Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memphis Athletic Ministries Realty Inc
Memphis Athletic Ministries Realty Inc, a nonprofit organization, is committed to providing safe athletic facilities. This mission serves to support the programs of Memphis Athletic Ministries, Inc., aimed at offering recreational activities for inner city youth in the Memphis area. The organization's primary objective is to create a conducive environment where approximately 110 youth can participate in athletic programs each day. By providing these facilities, Memphis Athletic Ministries Realty Inc contributes to the overall well-being and development of urban youth, offering them a chance to engage in physical activities and fostering a sense of community and camaraderie.
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Impact
October, 2024
Memphis Athletic Ministries Realty Inc plays a crucial role in supporting urban youth by providing safe and accessible athletic facilities. Their focus on maintaining these spaces fosters an environment where approximately 110 youth can engage in recreational activities each day. By offering these facilities, they enable various athletic programs that contribute to the physical, social, and emotional development of inner-city youth in Memphis.
This organization significantly impacts the community by ensuring that young people have the resources and opportunities to participate in sports and recreational activities. These programs not only help in developing athletic skills but also promote teamwork, discipline, and leadership among participants. Overall, Memphis Athletic Ministries Realty Inc creates a positive and supportive atmosphere that helps empower youth in a safe and healthy environment.
This information is meant to be a general summary of Memphis Athletic Ministries Realty 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.
- Gross Receipts: $92,000
Assets and Liabilities:
- Total Assets: $1,073,830
- Total Liabilities: $1,188,901
- Net Assets: -$115,071
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Organization Details
Founding Year
2003
Phone
(901) 744-6261Principal Officer
Dallas Geer
Main Address
6000 BRIARCREST AVE, MEMPHIS, TN, 38120
NTEE Category
Code: N30 - Recreation
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