MEMPHIS GRIZZLIES CHARITABLE FOUNDATION: Form 990PF, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- MEMPHIS GRIZZLIES CHARITABLE FOUNDATION (EIN 20-1356702)
- Tax period
- 2019-07-01 to 2020-06-30
- Filed
- 2021-05-12
- IRS object ID
- 202121329349102807
- Schema version
- 2019v5.2
- 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
- Form 990-PF
- Schedule B
- General Explanation Attachment
- Investments Corp Stock Schedule
- Legal Fees Schedule
- Other Expenses Schedule
- Other Increases Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-05-12T15:03:17-05:00 | ReturnTs |
| Tax Period End | 2020-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 621114363 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HENDERSON HUTCHERSON & MCCULLOUGH PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1755 KIRBY PARKWAY SUITE 200 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38120 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2019-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 201356702 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEMPHIS GRIZZLIES CHARITABLE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MEMP | BusinessNameControlTxt |
| Phone | 9012051234 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 191 BEALE STREET | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 381033715 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ABUSHERI OHWOFASA | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 9018185182 | PhoneNum |
| Signature | 2021-05-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | RICHARD L WEBB CPA | PreparerPersonNm |
| PTIN | P00362093 | PTIN |
| Phone | 9016834234 | PhoneNum |
| Preparation | 2021-05-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $405,849 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $1,172,250 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $212 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $212 | InterestOnSavNetInvstIncmAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | $1,172,462 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $212 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $61,182 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $28,863 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $327,114 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $0 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $154,318 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $42,069 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $0 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $19,846 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,570 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $3,570 | LegalFeesDsbrsChrtblAmt |
| Other Prof Fees Rev And Expnss | $14,997 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $0 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $14,997 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $31,106 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Dsbrs Chrtbl | $14,674 | TaxesDsbrsChrtblAmt |
| Occupancy Rev And Expnss | $78,951 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $0 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $43,997 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $10,930 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $10,930 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $128,669 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $102,649 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $698,588 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $0 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $393,844 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $806,628 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $806,628 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $1,505,216 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $0 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $1,200,472 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$332,754 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $212 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $179,435 | CashBOYAmt |
| Cash EOY | $146,378 | CashEOYAmt |
| Cash EOYFMV | $146,378 | CashEOYFMVAmt |
| Acct Rcvbl | $28,923 | AcctRcvblAmt |
| Acct Rcvbl BOY | $33,909 | AcctRcvblBOYAmt |
| Acct Rcvbl EOY | $28,923 | AcctRcvblEOYAmt |
| Pledges Rcvbl | $200,000 | PledgesRcvblAmt |
| Pledges Rcvbl BOY | $189,969 | PledgesRcvblBOYAmt |
| Pledges Rcvbl EOY | $200,000 | PledgesRcvblEOYAmt |
| Pledges Rcvbl EOYFMV | $228,923 | PledgesRcvblEOYFMVAmt |
| Corporate Stock BOY | $23,013 | CorporateStockBOYAmt |
| Corporate Stock EOY | $30,548 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $30,548 | CorporateStockEOYFMVAmt |
| Total Assets BOY | $426,326 | TotalAssetsBOYAmt |
| Total Assets EOY | $405,849 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $405,849 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $138,612 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $443,354 | AccountsPayableEOYAmt |
| Total Liabilities BOY | $138,612 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $443,354 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $287,714 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | -$37,505 | NoDonorRstrNetAssestsEOYAmt |
| Donor Rstr Net Assets EOY | $0 | DonorRstrNetAssetsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $287,714 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | -$37,505 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $426,326 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $405,849 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $287,714 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$332,754 | ExcessRevenueOverExpensesAmt |
| Other Increases | $7,535 | OtherIncreasesAmt |
| Subtotal | -$37,505 | SubtotalAmt |
| Other Decreases | $0 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | -$37,505 | TotNetAstOrFundBalancesEOYAmt |
Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable Section4942 Tax | 0 | LiableSection4942TaxInd |
| Adjusted Qlfy Distri Yr1 | $1,515,439 | AdjustedQlfyDistriYr1Amt |
| Net Vl Noncharitable Assets Yr1 | $340,059 | NetVlNoncharitableAssetsYr1Amt |
| Distribution Yr1 | 4.456400 | DistributionYr1Rt |
| Adjusted Qlfy Distri Yr2 | $737,616 | AdjustedQlfyDistriYr2Amt |
| Net Vl Noncharitable Assets Yr2 | $253,212 | NetVlNoncharitableAssetsYr2Amt |
| Distribution Yr2 | 2.913037 | DistributionYr2Rt |
| Adjusted Qlfy Distri Yr3 | $1,971,659 | AdjustedQlfyDistriYr3Amt |
| Net Vl Noncharitable Assets Yr3 | $15,503 | NetVlNoncharitableAssetsYr3Amt |
| Distribution Yr3 | 127.179191 | DistributionYr3Rt |
| Adjusted Qlfy Distri Yr4 | $1,507,562 | AdjustedQlfyDistriYr4Amt |
| Net Vl Noncharitable Assets Yr4 | $267,821 | NetVlNoncharitableAssetsYr4Amt |
| Distribution Yr4 | 5.628991 | DistributionYr4Rt |
| Adjusted Qlfy Distri Yr5 | $1,887,959 | AdjustedQlfyDistriYr5Amt |
| Net Vl Noncharitable Assets Yr5 | $150,464 | NetVlNoncharitableAssetsYr5Amt |
| Distribution Yr5 | 12.547579 | DistributionYr5Rt |
| Total Distribution | 152.725198 | TotalDistributionRt |
| Average Distribution | 30.545040 | AverageDistributionRt |
| Net Vl Noncharitable Assets | $323,011 | NetVlNoncharitableAssetsAmt |
| Adj Net Vl Noncharitable Assets | $9,866,384 | AdjNetVlNoncharitableAssetsAmt |
| Net Investment Income Pct | $2 | NetInvestmentIncomePctAmt |
| Adj Nonchrtbl Net Invst Incm Pct | $9,866,386 | AdjNonchrtblNetInvstIncmPctAmt |
| Qualifying Distributions | $1,200,472 | QualifyingDistributionsAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $4 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $4 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $4 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $0 | EstimatedPlusOvpmtIncmTxAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $0 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Tax Due | $4 | TaxDueAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TN | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.TEAMUPMEMPHIS.ORG | WebsiteAddressTxt |
Persons With Books Name PersonsWithBooksName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEMPHIS BASKETBALL LLC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 3012051234 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 191 BEALE STREET | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 381033715 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (9 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| PETE PRANICA | ||||||||
| 8558 SHADY TRAIL COVE | CORDOVA | TN | 38018 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| SEAN TUOHY | ||||||||
| 6178 SHADY GROVE LANE | MEMPHIS | TN | 38120 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| STALEY CATES | ||||||||
| 6410 POPLAR AVENUE | MEMPHIS | TN | 38119 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ELLIOT PERRY | ||||||||
| 6410 POPLAR AVENUE | MEMPHIS | TN | 38119 | CHARIMAN | 1.00 | $0 | $0 | $0 |
| MICHAEL CONLEY | ||||||||
| 191 BEALE STREET | MEMPHIS | TN | 38103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| ABUSHERI OHWOFASA | ||||||||
| 6410 POPLAR AVENUE | MEMPHIS | TN | 38103 | EXECUTIVE DIRECTOR | 40.00 | $61,182 | $2,679 | $0 |
| JASON WEXLER | ||||||||
| 191 BEALE STREET | MEMPHIS | TN | 38013 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| J MARTIN REGAN | ||||||||
| 40 SOUTH MAIN STREET 29TH FLOOR | MEMPHIS | TN | 38013 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| TERESA SLOYAN | ||||||||
| 17 W PONTOTOC SUITE 200 | MEMPHIS | TN | 38103 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
| Comp Of Hghst Pd Cntrct Or NONE | NONE | CompOfHghstPdCntrctOrNONETxt |
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $26,402 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $301,528 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $327,930 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $327,930 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $4,919 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $323,011 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $16,151 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $16,151 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $4 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $4 | TotalTaxAmt |
| Distributable Before Adj | $16,147 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $16,147 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $16,147 | DistributableAsAdjustedAmt |
Qualifying Distri Part XII QualifyingDistriPartXIIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $1,200,472 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $1,200,472 | QualifyingDistributionsAmt |
| Pct Sect4940e Org Net Invst Incm | $0 | PctSect4940eOrgNetInvstIncmAmt |
| Adjusted Qualifying Distri | $1,200,472 | AdjustedQualifyingDistriAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $16,147 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $0 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Excess Distribution Cyov Yr5 | $1,880,436 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $1,494,792 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $1,957,497 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $725,401 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $1,498,440 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $7,556,566 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $1,200,472 | QualifyingDistributionsAmt |
| Applied To Year1 | $0 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $16,147 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $1,184,325 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $8,740,891 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $1,880,436 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $6,860,455 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $1,494,792 | ExcessFromYear4Amt |
| Excess From Year3 | $1,957,497 | ExcessFromYear3Amt |
| Excess From Year2 | $725,401 | ExcessFromYear2Amt |
| Excess From Year1 | $1,498,440 | ExcessFromYear1Amt |
| Excess From Current Year | $1,184,325 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (17 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| NEW BALLET ENSEMBLE & SCHOOL | ||||||
| 2157 YORK AVENUE | MEMPHIS | TN | 38104 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-CHILDREN'S EDUCATION/WELFARE | $55,000 |
| YOUTH VILLAGES | ||||||
| 3320 BROTHER BLVD | MEMPHIS | TN | 38133 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-CHILDREN'S EDUCATION/WELFARE | $50,000 |
| HATILOO THEATER | ||||||
| 37 SOUTH COOPER | MEMPHIS | TN | 38104 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION/ARTS | $50,000 |
| JUVENILE INTERVENTION AND FAITH BASED FOLLOW-UP | ||||||
| 254 S LAUDERDALE | MEMPHIS | TN | 38126 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-CHILDREN'S WELFARE | $50,000 |
| REACH MEMPHIS | ||||||
| 4646 POPLAR AVENUE SUITE 327 | MEMPHIS | TN | 38117 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT | $93,000 |
| GRIZZLIES PREP | ||||||
| 168 JEFFERSON AVENUE | MEMPHIS | TN | 38103 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $194,800 |
| LAUSANNE SCHOOL | ||||||
| 1381 WEST MASSEY ROAD | MEMPHIS | TN | 38120 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $22,617 |
| TEAM ZOO | ||||||
| 2000 PRENTISS PL | MEMPHIS | TN | 38112 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $50,000 |
| INDIE MEMPHIS | ||||||
| 1910 MADISON AVE SUITE 632 | MEMPHIS | TN | 38104 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-ARTS | $44,000 |
| MEMPHIS UNIVERSITY SCHOOL | ||||||
| 6191 PARK AVENUE | MEMPHIS | TN | 38119 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $13,113 |
| ST GEORGES SCHOOL | ||||||
| 8250 POPLAR AVENUE | GERMANTOWN | TN | 38138 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $37,568 |
| MEMPHIS LEADERSHIP FOUNDATION | ||||||
| 2400 POPLAR AVE 318 | MEMPHIS | TN | 38112 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $25,000 |
| STREETS MINISTRIES INC | ||||||
| 430 VANCE AVENUE | MEMPHIS | TN | 38126 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $25,000 |
| BIG BROTHERS BIG SISTERS OF THE MID-SOUTH INC | ||||||
| 5050 POPLAR AVENUE | MEMPHIS | TN | 38137 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-MENTORING | $25,000 |
| CITY YEAR | ||||||
| 22 N FRONT ST 900 | MEMPHIS | TN | 38103 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT | $37,300 |
| VIRTUE QUEST | ||||||
| 800 N HOUSTON LEVEE RD | CORDOVA | TN | 38018 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT | $27,000 |
| CHRISTIAN BROTHERS LASALLE HIGH | ||||||
| 5900 WALNUT GROVE ROAD | MEMPHIS | TN | 38120 | PC | UNDESIGNATED GENERAL OPERATING SUPPORT-EDUCATION | $7,230 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $806,628 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $212 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $212 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $212 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp (6 entries)
| ContributorContributorNum | Address Line1ContributorUSAddress/AddressLine1Txt | CityContributorUSAddress/CityNm | State AbbreviationContributorUSAddress/StateAbbreviationCd | ZIPContributorUSAddress/ZIPCd | Total ContributionsTotalContributionsAmt | Person ContributionPersonContributionInd |
|---|---|---|---|---|---|---|
| HOPE CHRISTIAN COMMUNITY FOUNDATION | ||||||
| 1 | 4515 POPLAR AVE SUITE 324 | MEMPHIS | TN | 38117 | $900,000 | Yes (X) |
| MEMPHIS REGIONAL FORD DEALERS | ||||||
| 2 | 5050 POPLAR AVENUE SUITE 1000 | MEMPHIS | TN | 38157 | $75,000 | Yes (X) |
| STATE OF TENNESSEE | ||||||
| 3 | JAMES K POLK STATE OFFICE BUILDING | NASHVILLE | TN | 37243 | $95,653 | Yes (X) |
| NIKE | ||||||
| 4 | ONE BOWERMAN DRIVE | BEAVERTON | OR | 97005 | $69,701 | Yes (X) |
| NATIONAL MENTORING PARTNERSHIP | ||||||
| 5 | 201 S STREET STE 615 | BOSTON | MA | 02111 | $9,083 | Yes (X) |
| TICKETMASTER | ||||||
| 6 | 702 SOUTHWEST | BENTONVILLE | AR | 38103 | $12,028 | Yes (X) |
General Explanation Attachment GeneralExplanationAttachment
General Explanation GeneralExplanationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990PF-PART VIII - INFORMATION REGARDING OFFICERS COMPENSATION | FormAndLineReferenceDesc |
| Medium Explanation | THE ORGANIZATION REIMBURSES MEMPHIS BASKETBALL, LLC FOR COMPENSATION, PAYROLL TAXES, AND BENEFITS FOR LEASED EMPLOYEES ALLOCATED TO THE FOUNDATION. THE EXECUTIVE DIRECTOR ALSO PERFORMS SERVICE FOR MEMPHIS BASKETBALL, LLC; ACCORDINGLY, THE COMPENSATION AND BENFITS REFLECTED ON FORM 990PF, PART VIII, REPRESENTS THE ALLOCATED COST OF THE SERVCIES TO THE FOUNDATION FOR CALENDAR YEAR 2019. | MediumExplanationTxt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Stock | MARKETABLE SECURITIES | StockNm |
| EOY Book Value | $30,548 | EOYBookValueAmt |
| EOYFMV | $30,548 | EOYFMVAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $3,570 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $3,570 | DisbursementsCharitablePrpsAmt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (6 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| OFFICE EXPENSES | $9,607 | $0 | $9,607 |
| PROGRAM EXPANSION AND EVENT SUPPORT | $57,103 | $0 | $31,083 |
| MISCELLANEOUS | $9,630 | $0 | $9,630 |
| TRAINING AND ORIENTATION | $35,588 | $0 | $35,588 |
| MATERIALS AND SUPPLIES | $2,537 | $0 | $2,537 |
| ADVERTISING AND PROMOTIONS | $14,204 | $0 | $14,204 |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN ON INVESTMENTS | Desc |
| Amt | $7,535 | Amt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | OTHER PROFESSIONAL FEES | CategoryTxt |
| Amt | $14,997 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $14,997 | DisbursementsCharitablePrpsAmt |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail (5 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd |
|---|---|---|---|
| HOPE CHRISTIAN COMMUNITY FOUNDATION | |||
| 4515 POPLAR AVE SUITE 324 | MEMPHIS | TN | 38117 |
| STALEY CATES | |||
| 6410 POPLAR AVENUE | MEMPHIS | TN | 38119 |
| THE POPLAR FOUNDATION | |||
| 6410 POPLAR AVENUE SUITE 720 | MEMPHIS | TN | 38119 |
| ROBERT PERA | |||
| 6750 POPLAR AVENUE SUITE 300 | MEMPHIS | TN | 38138 |
| MICHAEL CONLEY | |||
| 191 BEALE STREET | MEMPHIS | TN | 38103 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | PAYROLL TAXES | CategoryTxt |
| Amt | $31,106 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $14,674 | DisbursementsCharitablePrpsAmt |