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New Memphis Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 581607228 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is New Memphis Institute?

The New Memphis Institute is a nonprofit organization situated in Memphis, Tennessee, specifically at 516 Tennessee Street 301. Their mission revolves around fostering a prosperous and thriving Memphis by nurturing, inspiring, and retaining talent through various programs. By empowering individuals, they aim to strengthen the city's foundations. Their flagship initiative is a three-and-a-half-day leadership development program, delivered in partnership with The Center for Creative Leadership, which has benefited over 1,000 executive-level leaders. These leaders subsequently contribute to the community by serving on boards and committees, advising fellow initiatives, engaging at events, and attracting top talent to Memphis. With a dedicated workforce of 24 individuals, New Memphis Institute serves as a catalyst for positive transformation in the community.


Official website here: www.newmemphis.org

Is New Memphis Institute legitimate?

New Memphis Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Memphis Institute 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.

Here are some key statistics you may want to consider:

Executive Compensation: $316,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $904,454

For more financial information, click here


Official website here: www.newmemphis.org

What is the mission statement of New Memphis Institute?

The New Memphis Institute works towards fostering a prosperous and vibrant community by nurturing, engaging, and retaining talent. This is achieved by delivering programs that empower and inspire individuals, enabling them to enhance the city's strengths and drive its progress. The organization offers a leadership development intensive, a three-and-a-half day training experience, which has been completed by over a thousand executive-level leaders. These leaders, now a significant force behind the New Memphis Institute, contribute to the city's development by serving on boards and committees, offering guidance on community projects, participating in events, and attracting top talent to the community.


Official website here: www.newmemphis.org

Who is the CEO of New Memphis Institute?

Anna Mullins Ellis is the Trustee of New Memphis Institute. The CEO's salary of New Memphis Institute is $158,148 and their total compensation is $169,157.


Official website here: www.newmemphis.org

What is the revenue of New Memphis Institute?

New Memphis Institute's revenue in 2022 was $2,528,139.


Official website here: www.newmemphis.org

Who are the executives of New Memphis Institute and what are their salaries?

The average compensation at New Memphis Institute during 2022 was $50,867. There are 24 employees and 1,000 volunteers at New Memphis Institute.

Here are 35 key members and their salaries (New Memphis Institute's CEO's salary is $158,148 and their total compensation is $169,157):

    Anna Mullins Ellis (Ceo)
  • Compensation: $158,148
  • Related: $0
  • Other: $11,009

    • Jill Turner (Coo)
  • Compensation: $137,018
  • Related: $0
  • Other: $10,189

    • Nancy Averwater (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Renee Bailey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Barksdale (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Vernell Bennett-Fairs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Bunce (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Apryl Childs-Potter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darrell Cobbins (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Daniel (At Large) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Dart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neil Gibson (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tannera George Gibson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jil Jordan Greene (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Harrell (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Don Hutson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Daphne Large (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Justin Lawhead (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tammy Locascio (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kelly Lomax (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michell Lowery (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kennedy Mccleskey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tobi Merschat (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marianne Parrs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Isaac Rodriguez (At Large) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chandell Ryan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Schaeffer (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Spillyards (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Stephenson (At Large) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fred Towler (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tish Towns (At Large) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Weddle-West (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Duncan Williams (At Large) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Woods (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Young (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.newmemphis.org

    Where can I find the form 990 for New Memphis Institute?

    The New Memphis Institute’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.newmemphis.org

    Learn more at the official website: www.newmemphis.org

    Mission Statement of New Memphis Institute

    The New Memphis Institute aims to establish a prosperous and vibrant Memphis by fostering, engaging, and retaining talent. This nonprofit organization achieves this goal by delivering programs that empower and inspire individuals, thereby enhancing the city's strengths. By doing so, the New Memphis Institute serves as a catalyst for positive transformation within any community, particularly Memphis.

    A key component of the New Memphis Institute's mission is its Leadership Development Intensive program. This program involves a three-and-a-half day training experience, held twice a year in collaboration with the Center for Creative Leadership. This initiative has empowered over 1,000 executive-level business and civic leaders, enabling them to better understand and utilize their strengths for the betterment of Memphis. These leaders, who form the backbone of the New Memphis Institute, contribute to the city's progress by serving on boards and committees, advising fellows, attending Celebrate What's Right luncheons, and attracting top talent to Memphis.

    Impact

    This information is meant to be a general summary of New Memphis Institute. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    New Memphis Institute's impact is significant in fostering a prosperous and vital community in Memphis. Through its leadership development programs and initiatives, over 1,000 executive-level business and civic leaders have been empowered to understand and utilize their strengths for the betterment of Memphis. These leaders serve on boards, advise fellows on community projects, engage in events, and work towards attracting and retaining top talent in the city. This collective effort has positively impacted over 1,000 individuals, making New Memphis Institute a driving force for positive transformation in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $188,401
  • Program Service Revenue: $505,399
  • Gross Receipts: $2,567,641

    • Assets and Liabilities:
  • Total Assets: $5,198,582
  • Total Liabilities: $1,677,144
  • Net Assets: $3,521,438
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM FEES

    Revenue

    $505,399

    Organization Details

    Founding Year

    1984

    Principal Officer

    Anna Mullins Ellis

    Main Address

    516 TENNESSEE STREET 301, MEMPHIS, TN, 38103

    NTEE Category

    Code: R30Z - Civil rights

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