Overview
What is Memphis Fourth Estate Inc?
Memphis Fourth Estate Inc, operating under the name The Daily Memphian, is a nonprofit organization based in Memphis, Tennessee. They are committed to gathering and disseminating information about public policy issues and matters of importance to residents in Memphis and surrounding areas. Their approach is nonpartisan, employing investigative, explanatory, data-driven, and multimedia journalism through their online publication. Subscriptions to this publication are available monthly and annually. Beyond their online platform, Memphis Fourth Estate Inc also serves an educational role for the public and aspiring journalists through internships and collaborative activities with local colleges and universities. To engage the community further, they provide seminars, symposia, and workshops on subjects relevant to the community, both online and physically. The organization has a workforce of 74 individuals.
Official website here: www.memphisfourthestate.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
Memphis Fourth Estate Inc has earned a Three-Star rating from Charity Navigator, indicating a strong performance primarily in Accountability and Finance. The organization scored exceptionally well in various areas, including having a fully independent board and a high program expense ratio, which shows that a significant portion of their funds is directed towards their programs rather than administrative costs. Their robust policies on conflict of interest, whistleblowing, and document retention further enhance their accountability.
One of the notable strengths of Memphis Fourth Estate Inc is its financial transparency, as evidenced by its high scores in areas such as the material diversion of assets and the absence of loans to or from officers. The organization demonstrates efficient fundraising practices as well, with a low cost per dollar raised. These factors suggest that Memphis Fourth Estate Inc is well-managed and dedicated to its mission.
However, the organization does have a working capital ratio of 0.37 years, which may raise concerns about its short-term financial sustainability. While their overall financial health appears strong, stakeholders might want to monitor this ratio for any potential impacts on the organization's ability to meet its obligations in the near future. Overall, Memphis Fourth Estate Inc presents a solid option for donors looking for transparency and effective allocation of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Fourth Estate Inc legitimate?
Memphis Fourth Estate Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis Fourth Estate 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: $1,038,576
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,344,692
For more financial information, click here
Official website here: www.memphisfourthestate.org
What is the mission statement of Memphis Fourth Estate Inc?
Memphis Fourth Estate Inc, operating under the name The Daily Memphian, is a non-partisan, independent, and not-for-profit organization. Its mission is to collect and distribute information pertaining to critical public policy issues and matters of importance to local residents in Memphis, Tennessee, and surrounding communities. The organization employs investigative, explanatory, data-driven, and multimedia journalism to achieve this goal through its online publication. Subscribers can access this publication on a monthly or annual basis.
In addition to its online publication, Memphis Fourth Estate Inc serves an educational role for the public and aspiring journalists by offering internships and collaborating with local colleges and universities. To engage the community, the organization provides seminars, symposiums, and workshops on relevant topics, both online and through traditional means.
Official website here: www.memphisfourthestate.org
Who is the CEO of Memphis Fourth Estate Inc?
Andy Cates is the President of Memphis Fourth Estate Inc. The CEO's salary of Memphis Fourth Estate Inc is $174,639 and their total compensation is $174,639.
Official website here: www.memphisfourthestate.org
What is the revenue of Memphis Fourth Estate Inc?
Memphis Fourth Estate Inc's revenue in 2022 was $6,376,256.
Official website here: www.memphisfourthestate.org
Who are the executives of Memphis Fourth Estate Inc and what are their salaries?
The average compensation at Memphis Fourth Estate Inc during 2022 was $45,720. There are 74 employees and 2 volunteers at Memphis Fourth Estate Inc.
Here are 12 key members and their salaries (Memphis Fourth Estate Inc's CEO's salary is $174,639 and their total compensation is $174,639):
- Compensation: $174,639
- Related: $0
- Other: $0
- Compensation: $162,791
- Related: $0
- Other: $0
- Compensation: $156,060
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.memphisfourthestate.org
Where can I find the form 990 for Memphis Fourth Estate Inc?
Memphis Fourth Estate Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memphisfourthestate.org
Learn more at the official website: www.memphisfourthestate.org
Mission Statement of Memphis Fourth Estate Inc
Memphis Fourth Estate Inc, doing business as The Daily Memphian, is an independent, non-profit organization with a mission to collect and disseminate information in an unbiased manner about significant public policy issues and matters of importance to residents in Memphis, Tennessee, and surrounding communities. The organization gathers and shares news through investigative, explanatory, data-driven, and multimedia journalism, publishing content online and offering both monthly and annual subscriptions. Aside from its online publication, Memphis Fourth Estate Inc also plays an educational role in the community by offering internships and collaborating with local colleges and universities, engaging the public with seminar series, symposia, and workshops on relevant topics. The organization aims to stimulate thoughtful discourse and informed decision-making among the community members, contributing to a more informed and engaged society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Memphis Fourth Estate Inc, operating as The Daily Memphian, has had a significant impact on the Memphis community and its surrounding areas. Through its independent and nonpartisan journalism, the organization plays a crucial role in informing residents about important public-policy issues and matters of local significance. The use of investigative, explanatory, data-driven, and multimedia journalism has helped shed light on critical issues and provided the community with valuable insights.
Additionally, Memphis Fourth Estate fulfills an educational role by offering internships, collaborating with local colleges and universities, and hosting seminars, symposia, and workshops on topics important to the community. This engagement with the public and aspiring journalists demonstrates a commitment to not only informing but also empowering the community.
Overall, Memphis Fourth Estate Inc's impact can be seen in its efforts to provide reliable and informative news coverage, foster community engagement, and contribute to the educational development of future journalists.
This information is meant to be a general summary of Memphis Fourth Estate 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: $182
- Program Service Revenue: $273,774
- Gross Receipts: $6,376,256
Assets and Liabilities:
- Total Assets: $3,911,759
- Total Liabilities: $1,206,233
- Net Assets: $2,705,526
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTENT LICENSING
Revenue
$240,000
SPONSORSHIPS & OTHER
Revenue
$33,774
Organization Details
Founding Year
2018
Phone
(901) 501-6397Principal Officer
Andy Cates
Main Address
429 NORTH MAIN STE 100, MEMPHIS, TN, 38103
Website
www.memphisfourthestate.orgNTEE Category
Code: A30 - Arts
If you are a representative of Memphis Fourth Estate Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.