Nonprofit screen
Screen a listVibrant Memphis Inc
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$3.0Mrevenue
FY2024 · +6% in 3 yrs17staff
8 of 8years filed
’17’18’19’20’21’22’23’24
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2024
Operating margin−20.7%
Months of reserve40.5mo
Revenue growth (annualized)+2.6%
Middle half of peersMedianVibrant Memphis
Where the money goes FY2024 · $3.6M spent
Programs$2.3M65%Management and general$970k27%Fundraising$279k8%990 FY2024 · Part IX line 25
Worth checking1
Deficits in 3 of the last 3 years
−$2.2M in FY2022, −$990k in FY2023 and −$612k in FY2024. Cash covers 40.5 months, above the peer median of 5.5.
990 Part I and balance sheetIn its favor2
Strong governance
7 of 8 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements.
990 Part VIA history of government grants
Government grants on 8 of its 8 returns, 38% of revenue in FY2024. $3.5M is traced federal awards from Department of Commerce.
990 Part VIII · USAspending9funders
$928ka year, last 3 years
36%from its largest funder
Funder’17’18’19’20’21’22’23Tennessee Technology Development CorpSince FY2019$275k$225k$220k$220k$302kMassmutual Foundation IncSince FY2020$332k$443k$217k$190kJpmorgan Chase FoundationOn and off$125k$125kThe Kresge FoundationOn and off$100kTruist Foundation IncOn and off$51kThe Bank of America Charitable Foundation IncStopped after FY2019$10k$15k–Donor-advised giftsDonors not disclosed$332k$443k$217k2 other fundersUp to $25k a year each$10k$25k
FundedThrough a donor-advised fundStopped