MDCDC INC: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- MDCDC INC (EIN 81-0729268)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-03
- IRS object ID
- 202103079349303000
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-03T14:28:27-05:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 274080201 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MHM LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 POPLAR AVENUE THIRTIETH FLOOR | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38137 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 810729268 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MDCDC INC DBA | BusinessNameLine1Txt |
| Business Name Line2 | MEMPHIS MEDICAL DISTRICT COLLABORATIVE | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MDCD | BusinessNameControlTxt |
| Phone | 9015524781 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 656 MADISON AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | RORY THOMAS | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 9017302521 | PhoneNum |
| Signature | 2021-11-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | RORY | PersonFirstNm |
| Person Last | THOMAS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | KATHY PENNELLA | PreparerPersonNm |
| PTIN | P01278862 | PTIN |
| Phone | 9016855575 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | RORY THOMAS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 656 MADISON AVENUE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,341,732 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MDCOLLABORATIVE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2015 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | THE MEMPHIS MEDICAL DISTRICT COLLABORATIVE (MMDC) IS A COMMUNITY DEVELOPMENT ORGANIZATION WORKING WITH ANCHOR INSTITUTIONS TO STRENGTHEN THE CONNECTIONS, COMMUNITIES, AND CAMPUSES IN THE MEMPHIS MEDICAL DISTRICT SO THEY ARE MORE VIBRANT, PROSPEROUS, AND EQUITABLE. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 12 | VotingMembersIndependentCnt |
| Total Employee | 13 | TotalEmployeeCnt |
| Total Volunteers | 37 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,882,335 | PYContributionsGrantsAmt |
| CY Contributions Grants | $3,341,466 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $13,357 | PYInvestmentIncomeAmt |
| CY Investment Income | $3,096 | CYInvestmentIncomeAmt |
| PY Other Revenue | $9,279 | PYOtherRevenueAmt |
| CY Other Revenue | -$2,830 | CYOtherRevenueAmt |
| PY Total Revenue | $3,904,971 | PYTotalRevenueAmt |
| CY Total Revenue | $3,341,732 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $399,615 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $367,200 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $908,489 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,100,689 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $116,116 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,360,812 | PYOtherExpensesAmt |
| CY Other Expenses | $2,772,150 | CYOtherExpensesAmt |
| PY Total Expenses | $3,668,916 | PYTotalExpensesAmt |
| CY Total Expenses | $4,240,039 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $236,055 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$898,307 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,723,958 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,488,528 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $716,717 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $379,594 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $3,007,241 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,108,934 | NetAssetsOrFundBalancesEOYAmt |
| Mission | THE MEMPHIS MEDICAL DISTRICT COLLABORATIVE (MMDC) IS A COMMUNITY DEVELOPMENT ORGANIZATION WORKING WITH ANCHOR INSTITUTIONS TO STRENGTHEN THE CONNECTIONS, COMMUNITIES, AND CAMPUSES IN THE MEMPHIS MEDICAL DISTRICT SO THEY ARE MORE VIBRANT, PROSPEROUS, AND EQUITABLE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $3,764,159 | ExpenseAmt |
| Grant | $367,200 | GrantAmt |
| Desc | THE ORGANIZATION'S PURPOSE IS TO MAKE THE MEMPHIS MEDICAL DISTRICT MORE VIBRANT, PROSPEROUS, EQUITABLE. THE ORGANIZATION WAS FORMED TO PROVIDE COMMUNITY DEVELOPMENT AND REVITALIZATION OF THE MEMPHIS MEDICAL DISTRICT AND SURROUNDING AREAS THROUGH REAL ESTATE DEVELOPMENT, ECONOMIC DEVELOPMENT, BUSINESS ATTRACTION, JOB GROWTH, ENHANCEMENT OF SAFETY AND SECURITY, CLEANING AND LANDSCAPING, MARKETING AND COORDINATION AMONG AREA INSTITUTIONS, ORGANIZATIONS, GOVERNMENT ENTITIES, BUSINESSES AND RESIDENTS. THERE WERE 33,058 - EMPLOYEES, STUDENTS, RESIDENTS AND BUSINESS BENEFITED. | Desc |
| Total Program Service Expenses | $3,764,159 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 53 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 13 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 12 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ABBY SHERIDAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9015524781 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 656 MADISON AVE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| DR LEWIS REICH | ||||||
| CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DR BETTY SUE MCGARVEY | ||||||
| TREASURER | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| RICHARD SHADYAC JR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| DR REGINALD COOPWOOD | ||||||
| VICE CHAIRMAN | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| DR TRACY HALL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR PITT HYDE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR DOUG MCGOWEN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MS JENNIFER OSWALT | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR SCOTT BLAKE | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR MICHAEL UGWUEKE | ||||||
| SECRETARY | 2.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| MR SAMMIE RIAR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MR JIM BOYD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| THOMAS PACELLO | ||||||
| PRESIDENT | 40.00 | Yes (X) | $149,294 | $0 | $12,175 | |
| ABBY MILLER | ||||||
| VICE PRESIDENT | 40.00 | Yes (X) | $132,075 | $0 | $10,900 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $281,369 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $23,075 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| BLOCK BY BLOCK | |||||
| PO BOX 643873 | CINCINNATI | OH | 45264 | DISTRICT AMBASSADOR | $552,633 |
| U3 ADVISORS | |||||
| 1735 MARKET ST SUITE A-443 | PHILADELPHIA | PA | 19103 | CONSULTING SERVICES | $315,000 |
| MATA | |||||
| 1370 LEVEE RD | MEMPHIS | TN | 38108 | DISTRICT SHUTTLE | $240,461 |
| FIFER & ASSOCIATES | |||||
| 1441 S PERKINS RD | MEMPHIS | TN | 38117 | STREETSCAPE WORK | $127,963 |
| CENTER FOR TRANFORMING COMMUNITIES | |||||
| 258 N MERTON ST | MEMPHIS | TN | 38112 | COMMUNITY ENGAGEMENT | $125,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 5 | CntrctRcvdGreaterThan100KCnt |
| Membership Dues | $1,327,933 | MembershipDuesAmt |
| Government Grants | $154,397 | GovernmentGrantsAmt |
| All Other Contributions | $1,859,136 | AllOtherContributionsAmt |
| Total Contributions | $3,341,466 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,096 | TotalRevenueColumnAmt |
| Exclusion | $3,096 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MISC REVENUE | 900099 | $10,592 | $10,592 |
| JOINT VENTURE LOSS | 900099 | -$13,422 | -$13,422 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$2,830 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,341,732 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$2,830 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,096 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $331,023 | TotalAmt |
| Program Services | $331,023 | ProgramServicesAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,177 | TotalAmt |
| Program Services | $36,177 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $281,369 | TotalAmt |
| Program Services | $211,027 | ProgramServicesAmt |
| Management And General | $42,205 | ManagementAndGeneralAmt |
| Fundraising | $28,137 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $665,550 | TotalAmt |
| Program Services | $451,816 | ProgramServicesAmt |
| Management And General | $147,179 | ManagementAndGeneralAmt |
| Fundraising | $66,555 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $81,813 | TotalAmt |
| Program Services | $57,269 | ProgramServicesAmt |
| Management And General | $12,272 | ManagementAndGeneralAmt |
| Fundraising | $12,272 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,957 | TotalAmt |
| Program Services | $57,566 | ProgramServicesAmt |
| Management And General | $14,391 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36,866 | TotalAmt |
| Program Services | $18,433 | ProgramServicesAmt |
| Management And General | $18,433 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31,878 | TotalAmt |
| Program Services | $15,939 | ProgramServicesAmt |
| Management And General | $15,939 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,111 | TotalAmt |
| Program Services | $41,880 | ProgramServicesAmt |
| Management And General | $20,231 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,703 | TotalAmt |
| Program Services | $3,333 | ProgramServicesAmt |
| Management And General | $370 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,845 | TotalAmt |
| Program Services | $5,184 | ProgramServicesAmt |
| Management And General | $22,661 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,671 | TotalAmt |
| Program Services | $13,671 | ProgramServicesAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,522 | TotalAmt |
| Program Services | $64,066 | ProgramServicesAmt |
| Management And General | $18,304 | ManagementAndGeneralAmt |
| Fundraising | $9,152 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,226 | TotalAmt |
| Program Services | $7,858 | ProgramServicesAmt |
| Management And General | $3,368 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,850 | TotalAmt |
| Management And General | $8,850 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,857 | TotalAmt |
| Program Services | $3,857 | ProgramServicesAmt |
| Management And General | $9,000 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROGRAM EXPENSES | $2,429,575 | $2,429,575 | |
| DUES & SUBSCRIPTIONS | $24,553 | $24,553 | |
| PAYROLL PROCESSING FEES | $9,738 | $7,790 | $1,948 |
| EVENT EXPENSE | $4,015 | $4,015 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,740 | TotalAmt |
| Program Services | $3,680 | ProgramServicesAmt |
| Management And General | $60 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,240,039 | TotalAmt |
| Program Services | $3,764,159 | ProgramServicesAmt |
| Management And General | $359,764 | ManagementAndGeneralAmt |
| Fundraising | $116,116 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,209,705 | BOYAmt |
| EOY | $1,313,677 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,866,498 | BOYAmt |
| EOY | $621,195 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $349,334 | BOYAmt |
| EOY | $180,877 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $100,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,200 | BOYAmt |
| EOY | $6,750 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $71,602 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $48,551 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,821 | BOYAmt |
| EOY | $23,051 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $250,000 | BOYAmt |
| EOY | $236,578 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,400 | BOYAmt |
| EOY | $6,400 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,723,958 | BOYAmt |
| EOY | $2,488,528 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $87,098 | BOYAmt |
| EOY | $173,829 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $477,619 | BOYAmt |
| EOY | $87,265 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,000 | BOYAmt |
| EOY | $118,500 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $716,717 | BOYAmt |
| EOY | $379,594 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,710,121 | BOYAmt |
| EOY | $1,958,934 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $297,120 | BOYAmt |
| EOY | $150,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,007,241 | BOYAmt |
| EOY | $2,108,934 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,723,958 | BOYAmt |
| EOY | $2,488,528 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$898,307 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,399,562 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,659,015 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,203,946 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,882,335 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,341,466 | CurrentTaxYearAmt |
| Total | $18,486,324 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,399,562 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,659,015 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,203,946 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,882,335 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,341,466 | CurrentTaxYearAmt |
| Total | $18,486,324 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,416,315 | SubstantialContributorsTotAmt |
| Public Support Total170 | $15,070,009 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $134 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $22,982 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $10,477 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $18,907 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $3,096 | CurrentTaxYearAmt |
| Total | $55,596 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $2,115 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus1 Year | $3,729 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | -$2,830 | CurrentTaxYearAmt |
| Total | $3,014 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $18,544,934 | TotalSupportAmt |
| Public Support CY170 | 0.81260 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISC - 2017 AMOUNT: $ 2,115. 2019 AMOUNT: $ 3,729. 2020 AMOUNT: $ 10,592. JOINT VENTURE LOSS - 2020 AMOUNT: $ -13,422. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Beginning Balance | $152,000 | BeginningBalanceAmt |
| Distributions During Year | $33,500 | DistributionsDuringYearAmt |
| Ending Balance | $118,500 | EndingBalanceAmt |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $71,602 | OtherCostOrOtherBasisAmt |
| Depreciation | $48,551 | DepreciationAmt |
| Book Value | $23,051 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $23,051 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT IN JOINT VENTURE - NORTH POPLAR | Desc |
| Book Value | $236,578 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $236,578 | TotalBookValueSecuritiesAmt |
| Total Rev Etc Audited Fincl Stmt | $3,341,732 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,341,732 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,341,732 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $4,240,039 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $4,240,039 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $4,240,039 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART IV, LINE 2B: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION SERVES AS THE FISCAL AGENT FOR THE LIVE LOCAL PROGRAM ALONG WITH FOUR OTHER ORGANIZATIONS. THE ORGANIZATION WILL ADMINISTER FUNDS FOR THIS PROGRAM IN A FIDUCIARY CAPACITY FOR THE BENEFIT OF THE OTHER ORGANIZATIONS. THE AGREEMENTS PROVIDED FOR FUNDS UP TO $290,000. AS OF DECEMBER 31, 2020, $171,500 WAS PAID IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT AND AN ADDITIONAL $118,500 IN FUNDING WAS AVAILABLE AS OF DECEMBER 31, 2020. THE LIVE LOCAL PROGRAM PROVIDES LOANS FOR QUALIFIED STUDENTS OR EMPLOYEES OF PARTICIPATING ORGANIZATIONS FOR THE PURCHASE, RENTAL, OR RENOVATION OF HOMES IN THE MEDICAL DISTRICT. THE LOANS ARE FORGIVABLE OVER A FIVE YEAR PERIOD AND IF FUNDS ARE NOT USED FOR THE PURPOSE, THEY MUST BE RETURNED TO THE PARTICIPATING ORGANIZATIONS | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (29 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|
| CAT AND FISH LLC | |||||
| 2064 PEABODY PLACE | MEMPHIS | TN | 38103 | $5,000 | EVENT |
| CIELO INC DBA MOLLIE FONTAINE LOUNGE | |||||
| 679 ADAMS AVE | MEMPHIS | TN | 38105 | $9,890 | REMOBILIZATION FUND |
| CNCT DEVELOPMENT LLC | |||||
| 676 MARSHALL AVE STE 101 | MEMPHIS | TN | 38103 | $10,000 | REAL ESTATE |
| COLAR VENTURES | |||||
| 1034 STONEWALL STREET | MEMPHIS | TN | 38107 | $5,000 | REAL ESTATE |
| COMEBACK COFFEE | |||||
| 358 NOTGE MAIN STREET | MEMPHIS | TN | 38103 | $7,500 | REMOBILIZATION FUND |
| CRUMP FOOD MART | |||||
| 938 EH CRUMP BLVD | MEMPHIS | TN | 38104 | $9,500 | REAL ESTATE |
| DRAGONFLY INC | |||||
| 1502 HARBERT AVE | MEMPHIS | TN | 38104 | $5,000 | REAL ESTATE |
| EDGE ALLEY LLC | |||||
| 997 SOUTH COX STREET | MEMPHIS | TN | 38104 | $21,885 | REMOBILIZATION FUND |
| HIGH COTTON BREWING CO | |||||
| 598 MONROE AVE | MEMPHIS | TN | 38103 | $23,700 | REMOBILIZATION FUND |
| HRZ LLC | |||||
| 2657 APPLING ROAD STE 102 | MEMPHIS | TN | 38103 | $5,000 | REAL ESTATE |
| ISSUE MEDIA GROUP | |||||
| 5090 STATE STREET STE D104 | SAGINAW | MI | 48603 | $5,000 | NEIGHBORHOOD |
| JAMAICA GRILLE DBA EVELYN & OLIVE | |||||
| 630 MADISON AVE | MEMPHIS | TN | 38103 | $5,000 | REMOBILIZATION FUND |
| KAREN ADAMS DESIGN | |||||
| 647 MADISON AVE | MEMPHIS | TN | 38103 | $5,000 | FACADE IMPROVEMENT |
| KRN DEVELOPMENT LLC | |||||
| 1331 UNION AVE STE 750-F | MEMPHIS | TN | 38104 | $12,500 | PRE-DEVELOPMENT |
| METROPOLITAN INTER-FAITH ASSOCIATION | |||||
| 910 VANCE AVE | MEMPHIS | TN | 38126 | $29,770 | REMOBILIZATION FUND |
| PENDLESIDE HOLDINGS LLC | |||||
| 548 E KIRBY STREET | DETROIT | MI | 48202 | $20,000 | FACADE IMPROVEMENT |
| PHILLIP ASHLEY CHOCOLATES | |||||
| 1200 MADISON AVE | MEMPHIS | TN | 38104 | $5,000 | REMOBILIZATION FUND |
| PHILLIP ASHLEY RIX | |||||
| 1200 MADISON AVE | MEMPHIS | TN | 38104 | $7,000 | REMOBILIZATION FUND |
| READY SET GROW LEARNING ACADEMY LLC | |||||
| 1418 MADISON AVE | MEMPHIS | TN | 38104 | $5,000 | REMOBILIZATION FUND |
| RIKO'S KICKIN CHICKEN | |||||
| 1329 MADISON AVE | MEMPHIS | TN | 38104 | $18,500 | REMOBILIZATION FUND |
| RIVER CITY CAPITAL INVESTMENT CORPORATION | |||||
| 119 S COURT SQ | MEMPHIS | TN | 38103 | $25,048 | BUSINESS SUPPORT |
| SABOR CARIBE | |||||
| 662 MADISON AVE | MEMPHIS | TN | 38103 | $15,583 | REMOBILIZATION FUND |
| SLICE OF SOUL PIZZA LOUNGE | |||||
| 1299 MADISON AVE | MEMPHIS | TN | 38104 | $12,929 | REMOBILIZATION FUND |
| SLIM & HUSKY'S | |||||
| 634 UNION AVE | MEMPHIS | TN | 38103 | $10,000 | FACADE IMPROVEMENT |
| SUNDARA WELLNESS CENTER | |||||
| 1314 PEABODY AVE | MEMPHIS | TN | 38104 | $12,218 | REMOBILIZATION FUND |
| THE HOSPITALITY HUB OF MEMPHIS | |||||
| 590 WASHINGTON AVE | MEMPHIS | TN | 38105 | $15,000 | FACADE IMPROVEMENT |
| THE JAMES LEE HOUSE LLC | |||||
| 690 ADAMS AVE | MEMPHIS | TN | 38105 | $10,000 | REMOBILIZATION FUND |
| WAFILMS LLC | |||||
| 526 BEALE STREET | MEMPHIS | TN | 38103 | $10,000 | REMOBILIZATION FUND |
| WONDER-COWORK-CREATE | |||||
| 340 MONROE SVE STE B | MEMPHIS | TN | 38103 | $5,000 | REMOBILIZATION FUND |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | REMOBILIZATION FUND | GrantTypeTxt |
| Recipient | 2 | RecipientCnt |
| Cash Grant | $36,177 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | AFTER AN APPLICANT IS AWARDED A GRANT, THEY WILL RECEIVE HALF OF THE GRANT MONEY. AFTER THE EVENT, THEY FILL OUT DOCUMENTATION RELATED TO THE EVENT AND ARE AWARDED THE REMAINING BALANCE. IF FOR SOME REASON THE EVENT DOES NOT MEET THE REQUIREMENTS, THE AWARDEE IS TO GIVE THE MONEY THEY RECEIVED BACK TO THE ORGANIZATION. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | THOMAS PACELLO | PersonNm |
| Title | PRESIDENT | TitleTxt |
| Base Compensation Filing Org | $139,294 | BaseCompensationFilingOrgAmt |
| Compensation Based On Rltd Orgs | $0 | CompensationBasedOnRltdOrgsAmt |
| Bonus Filing Organization | $10,000 | BonusFilingOrganizationAmount |
| Bonus Related Organizations | $0 | BonusRelatedOrganizationsAmt |
| Other Compensation Filing Org | $0 | OtherCompensationFilingOrgAmt |
| Other Compensation Rltd Orgs | $0 | OtherCompensationRltdOrgsAmt |
| Deferred Compensation Flng Org | $5,867 | DeferredCompensationFlngOrgAmt |
| Deferred Comp Rltd Orgs | $0 | DeferredCompRltdOrgsAmt |
| Nontaxable Benefits Filing Org | $6,308 | NontaxableBenefitsFilingOrgAmt |
| Nontaxable Benefits Rltd Orgs | $0 | NontaxableBenefitsRltdOrgsAmt |
| Total Compensation Filing Org | $161,469 | TotalCompensationFilingOrgAmt |
| Total Compensation Rltd Orgs | $0 | TotalCompensationRltdOrgsAmt |
| Comp Report Prior990 Filing Org | $0 | CompReportPrior990FilingOrgAmt |
| Comp Report Prior990 Rltd Orgs | $0 | CompReportPrior990RltdOrgsAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | AS HEALTH AND HEALTH-EDUCATION ORGANIZATIONS WITHIN THE MEDICAL DISTRICT, ANCHOR PARTNERS MAY ESTABLISH PARTNERSHIPS AND/OR JOINT VENTURES TOGETHER OUTSIDE OF THE WORK OF MMDC. |
| FORM 990, PART VI, SECTION A, LINE 7A | ANCHOR INSTITUTIONS AS DEFINED IN THE BYLAWS CAN DESIGNATE A BOARD MEMBER TO REPRESENT THE INSTITUTION. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY ABBY SHERIDAN AND RORY THOMAS AFTER IT IS PREPARED AND A REPORT IS SUBMITTED TO THE BOARD OF DIRECTORS WITH ANY COMMENTS OR ISSUES THAT IT BELIEVES SHOULD BE ADDRESSED BY THE BOARD OF DIRECTORS |
| FORM 990, PART VI, SECTION B, LINE 12C | ANY SIGNIFICANT MATTERS, INCLUDING CONTRACTS AND BUSINESS DEALINGS, ARE DISCLOSED TO ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS DURING THEIR REGULAR MEETINGS. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION IS DETERMINED BY INDEPENDENT BOARD MEMBERS. COMPENSATION WAS BENCHMARKED NATIONALLY AND IS SUBJECT TO ANNUAL REVIEW. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST |
| PART XII, LINE 2C | NO CHANGE FROM PRIOR YEAR |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDICAL DISTRICT DEVELOPMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 656 MADISON AVE | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 841815180 | EIN |
| Primary Activities | ENGAGE IN REAL ESTATE DEVELOPMENT WITHIN THE MEDICAL DISTRICT COMMUNITY | PrimaryActivitiesTxt |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Total Income | -$13,422 | TotalIncomeAmt |
| End Of Year Assets | $325,341 | EndOfYearAssetsAmt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MDCDC INC | BusinessNameLine1Txt |