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Nonprofiteer
← LEADERSHIP MEMPHIS

Form 990 for tax year 2023

Filed by LEADERSHIP MEMPHIS.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 5 May 2026. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,886,610 changed to $1,807,622
Total expenses
$1,961,294 changed to $2,060,037
Contributions and grants received
$1,345,464 changed to $1,250,033
Program service revenue
$474,447 changed to $490,852
Investment income
$66,699 changed to $66,737
Total assets, end of year
$2,640,109 changed to $2,486,724
Total liabilities, end of year
$300,895 changed to $228,218
Net assets or fund balances, end of year
$2,339,214 changed to $2,258,506
Program services expenses
$1,801,586 changed to $1,743,584
Management and general expenses
$98,441 changed to $228,837
Fundraising expenses
$61,267 changed to $87,616
Program service expenses (Part III)
$1,801,586 changed to $1,743,584

Totals

Total revenue
$1,886,610
Total expenses
$1,961,294
Contributions and grants received
$1,345,464
Grants paid
$0
Program service revenue
$474,447
Investment income
$66,699
Other revenue
$0
Total assets, end of year
$2,640,109
Total liabilities, end of year
$300,895
Net assets or fund balances, end of year
$2,339,214
Program services expenses (Part IX)
$1,801,586
Management and general expenses
$98,441
Fundraising expenses
$61,267
Program service expenses (Part III)
$1,801,586

Program services were 91.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $72,853

  • 1f · All other contributions, gifts and grants

    $1,272,611

  • 2a · Program service revenue: TUITION

    total $431,846 · related or exempt $431,846

  • 2b · Program service revenue: INITIATIVES, EVENTS, A

    total $42,601 · related or exempt $42,601

  • 3 · Investment income

    total $66,699 · excluded $66,699

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $180,770 · program services $151,561 · management and general $20,388 · fundraising $8,821

  • 7 · Other salaries and wages

    total $520,366 · program services $432,891 · management and general $63,669 · fundraising $23,806

  • 9 · Other employee benefits

    total $65,028 · program services $60,559 · fundraising $4,469

  • 10 · Payroll taxes

    total $27,697 · program services $22,338 · management and general $3,973 · fundraising $1,386

  • 11c · Fees: accounting

    total $118,710 · program services $115,969 · management and general $1,607 · fundraising $1,134

  • 11g · Fees: other

    total $195,713 · program services $190,915 · management and general $2,931 · fundraising $1,867

  • 12 · Advertising and promotion

    total $337,171 · program services $331,310 · fundraising $5,861

  • 14 · Information technology

    total $60,006 · program services $57,609 · fundraising $2,397

  • 16 · Occupancy

    total $99,846 · program services $96,286 · fundraising $3,560

  • 17 · Travel

    total $20,046 · program services $17,687 · management and general $1,511 · fundraising $848

  • 20 · Interest

    total $86 · management and general $86

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $109,293 · program services $106,737 · management and general $2,086 · fundraising $470

  • 24b · Other expenses: SUPPLIES

    total $53,226 · program services $52,429 · management and general $411 · fundraising $386

  • 24c · Other expenses: FACILITY RENTAL

    total $43,508 · program services $43,508 · management and general $0 · fundraising $0

  • 24d · Other expenses: BAD DEBT

    total $39,532 · program services $39,532 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $90,296 · program services $82,255 · management and general $1,779 · fundraising $6,262

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $528,050 · end of year $273,441

  • 3 · Pledges and grants receivable

    beginning of year $126,321 · end of year $125,961

  • 4 · Accounts receivable

    beginning of year $475,594 · end of year $131,008

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,957 · end of year $11,442

  • 10a · Land, buildings and equipment: cost or other basis

    $116,536

  • 10b · Land, buildings and equipment: accumulated depreciation

    $116,536

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $1,958,705 · end of year $2,098,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $192,613 · end of year $124,134

  • 19 · Deferred revenue

    beginning of year $507,055 · end of year $176,761

  • 27 · Net assets without donor restrictions

    beginning of year $1,772,754 · end of year $1,691,009

  • 28 · Net assets with donor restrictions

    beginning of year $648,205 · end of year $648,205

Mission and programs · 2023

Mission

A CITY IS ONLY AS STRONG AS IT'S BASE OF COMMUNITY LEADERS. FOR 40 YEARS LEADERSHIP MEMPHIS HAS FOCUSED ON BRINGING LEADERS TOGETHER TO LEARN ABOUT THEIR COMMUNITY. WHAT IS GOING ON? WHAT IS AND ISN'T WORKING? WHO IS DOING WHAT? HOW DOES COMMUNITY WORK BEST? WHERE CAN I HAVE THE MOST IMPACT? IN ANSWERING QUESTIONS SUCH AS THESE, PARTICIPANTS CAN LEVERAGE THEIR DEEPER COMMUNITY LEARNING INTO GREATER COMMUNITY IMPACT. THUS, MANY NETWORKS ARE FORMED TO MAKE A MEANINGFUL DIFFERENCE.

Activities or mission (Part I)

WE PREPARE AND MOBILIZE LEADERS TO WORK TOGETHER FOR THE GOOD OF THE WHOLE COMMUNITY.

  • DURING FY2024 LEADERSHIP MEMPHIS OFFERED TWO PROGRAMS: THE EXECUTIVE PROGRAM AND THE FASTTRACK PROGRAM. THE EXECUTIVE PROGRAM IS A NINE-MONTH CIVIC LEADERSHIP DEVELOPMENT EXPERIENCE DESIGNED FOR SENIOR-LEVEL PROFESSIONALS AND EXECUTIVES IN MEMPHIS. IT RUNS FROM AUGUST TO APRIL AND PROVIDES PARTICIPANTS WITH AN IN-DEPTH UNDERSTANDING OF THE CITY'S CHALLENGES AND OPPORTUNITIES, WHILE EQUIPPING THEM WITH THE TOOLS TO CREATE IMPACTFUL CHANGE ACROSS SECTORS. THE PROGRAM INCLUDES 8 CORE SESSIONS, WHICH COVER TOPICS SUCH AS: SOCIAL & COMMUNITY CONTEXT, GOVERNMENT & PUBLIC POLICY, ECONOMIC DEVELOPMENT, EDUCATIONAL EQUITY, HEALTH & WELLNESS, NEIGHBORHOOD & BUILT ENVIRONMENT, HUNGER & HOMELESSNESS, AND ARTS & CULTURE.IN ADDITION TO THE CORE SESSIONS, PARTICIPANTS ARE REQUIRED TO COMPLETE 40 HOURS OF SERVICE DURING THE PROGRAM. EACH OF THE PARTICIPANTS IS ALSO ASSIGNED TO A COMMUNITY GROUP WHERE THEY COMPLETE A COMMUNITY ACTION PROJECT, WORKING ON INITIATIVES THAT ALIGN WITH THEIR NEIGHBORHOODS AND THE BROADER GOALS OF COMMUNITY IMPACT. THE COMMUNITY GROUPS INCLUDE BERCLAIR, BINGHAMPTON, DOUGLASS, FRAYSER, HAMILTON, HICKORY HILL, ORANGE MOUND, AND WHITEHAVEN.IN TOTAL, THE FY2024 COHORT HAS CONTRIBUTED:- 53 GRADUATES- 2,120 SERVICE HOURS- 4,240 HOURS OF LEADERSHIP TRAINING- 8 COMMUNITY ACTION PROJECTS- $61,480 INVESTMENT TO MEMPHISTHE FASTTRACK PROGRAM IS A HIGH-IMPACT CIVIC LEADERSHIP DEVELOPMENT EXPERIENCE DESIGNED FOR RISING LEADERS AND YOUNG PROFESSIONALS IN MEMPHIS. WE OFFER THIS PROGRAM IN BOTH THE SPRING AND FALL, HELPING PARTICIPANTS STRENGTHEN THEIR LEADERSHIP SKILLS, EXPAND THEIR CIVIC AND PROFESSIONAL NETWORKS, AND DEEPEN THEIR UNDERSTANDING OF MEMPHIS' COMMUNITY DYNAMICS. THE PROGRAM INCLUDES 9 CLASS SESSIONS, WHICH COVER TOPICS SUCH AS: SOCIAL & COMMUNITY CONTEXT, GOVERNMENT & PUBLIC POLICY, ECONOMIC DEVELOPMENT, EDUCATIONAL EQUITY, HEALTH & WELLNESS, NEIGHBORHOOD & BUILT ENVIRONMENT, HUNGER & HOMELESSNESS, AND ARTS & CULTURE.IN ADDITION TO THESE CORE SESSIONS, FASTTRACK PARTICIPANTS ARE REQUIRED TO DEVELOP ACIVIC LEADERSHIP PLAN, WHICH INCLUDES:- IDENTIFYING KEY COMMUNITY ISSUES AND OPPORTUNITIES FOR IMPACT- SETTING CLEAR, MEASURABLE GOALS FOR PERSONAL AND PROFESSIONAL GROWTH- CRAFTING STRATEGIES FOR ENGAGING WITH LOCAL LEADERS, ORGANIZATIONS, AND STAKEHOLDERS- ESTABLISHING ACTION STEPS FOR MEANINGFUL COMMUNITY INVOLVEMENT- DEMONSTRATING HOW THEY PLAN TO IMPLEMENT THEIR PLAN OVER THE NEXT 12 MONTHSIN TOTAL, THE COHORT HAD 48 GRADUATES 21 IN THE FALL AND 27 IN THE SPRING.

    Expenses $1,555,434 · Revenue $1,214,094

  • VOLUNTEER MEMPHIS (VM) WAS PREVIOUSLY KNOWN AS VOLUNTEER MID-SOUTH. IT BECAME AN ACTION INITIATIVE OF LEADERSHIP MEMPHIS IN 2015 AND STRIVES TO INCREASE VOLUNTEERISM THROUGHOUT THE MEMPHIS AREA. DURING FY2024 VM PRODUCED THE 4-DAY MLK DAYS OF SERVICE FEATURING 25 SERVICE PROJECTS WITH 40 COMMUNITY PARTNERS AND MORE THAN 1200 VOLUNTEERS. VM HELD AND/OR PARTICIPATED IN MULTIPLE HEALTH FAIRS WITH OVER 350 ATTENDEES AND 25 VENDORS PROVIDING RESOURCES ON HOUSING, HEALTHCARE, EDUCATION AND VETERAN EMPOWERMENT. VM ALSO HOSTED THE VOLUNTEER MEMPHIS AWARDS TO RECOGNIZE OVER 300,000 PEOPLE WHO VOLUNTEER IN THE MEMPHIS AREA EVERY YEAR. NEARLY 250 INDIVIDUALS, NONPROFITS AND BUSINESSES WERE NOMINATED FOR AWARDS IN 8 CATEGORIES AND THE AWARDS VIRTUAL RECEPTION HAD MORE THAN 200 ATTENDEES PRE AND POST EVENT. VM ALSO ORGANIZES THE MAKE A DIFFERENCE WEEK THAT COORDINATES FINANCIAL LITERACY SESSIONS WITH STUDENTS IN MIDDLE AND HIGH SCHOOL ACROSS SHELBY COUNTY. COMPANIES WORK WITH VOLUNTEER MEMPHIS TO ORGANIZE EMPLOYEE SERVICE PROJECTS AND INDIVIDUALS; FAMILIES AND TEAMS CAN VISIT THE VM WEBSITE TO FIND VOLUNTEER OPPORTUNITIES POSTED BY NONPROFITS IN SEARCH OF VOLUNTEERS.

    Expenses $246,152 · Revenue $5,388

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RENE BUSTAMANTE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHUNJI BROWN-WOODS

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KANDACE STEWART

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JEAN MORTON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARVIN WHITE

    ALUMNI ENGAGEMENT CHAIR

    Total calculated
    $0
    Hours/week
    1

  • KIMMIE MCNEIL VAULX

    PROGRAMS

    Total calculated
    $0
    Hours/week
    1

  • SARAH COLLEY

    VOLUNTEER

    Total calculated
    $0
    Hours/week
    1

  • VERNON STAFFORD JR

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BELINDA ANDERSON

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • NIKIA BELL

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • WILLIAMS BRACK

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • ROCKY CHAMPANGE

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • RITA COWANS

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JOANNA CRANGLE

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JIM CRONE

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • AMBER FLOYD

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • EDMUND FORD JR

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • SHIRLEY FORD

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • ANNETTE GREEN

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JASON HANDEL

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • PAUL HAUGHT

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • CASSANDRA HOWARD

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • MARLINEE IVERSON

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • VJAY KALAGA

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • JAMES KIRKWOOD

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • RYAN LEISTER

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • BACARRA MAULDIN

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • KEN MOODY

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • VALERIE MORRIS

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • GINGER PILGRAM

    AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • PATRICE ROBINSON

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • LINDA SAWYER

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • STEVE SWAIN

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • TED TOWNSEND

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • SYLVESTER TATE

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • CHUCK UTTERBACK

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • DAN WEDDLE

    AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • REGGIE CRENSHAW

    PRESIDENT & CEO

    Total calculated
    $180,769
    From this org
    $180,769
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,769
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $180,769

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349310185

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