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Nonprofiteer
← CONTEMPORARY ARTS MEMPHIS

Form 990 for tax year 2025

Filed by CONTEMPORARY ARTS MEMPHIS.

Totals

Total revenue
$1,779,848
Total expenses
$1,278,518
Contributions and grants received
$1,762,285
Grants paid
$4,810
Program service revenue
$2,027
Investment income
$12,635
Other revenue
$2,901
Total assets, end of year
$2,131,226
Total liabilities, end of year
$545,809
Net assets or fund balances, end of year
$1,585,417
Program services expenses (Part IX)
$964,654
Management and general expenses
$148,985
Fundraising expenses
$164,879
Program service expenses (Part III)
$964,654

Program services were 75.5% 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.

  • 1c · Fundraising events

    $23,330

  • 1e · Government grants (contributions)

    $45,609

  • 1f · All other contributions, gifts and grants

    $1,693,346

  • 2a · Program service revenue: MISCELLANEOUS INCOME

    total $2,027 · excluded $2,027

  • 3 · Investment income

    total $12,635 · excluded $12,635

  • 6a · Gross rents

    real property $200

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $200

  • 6d · Net rental income or loss

    total $200 · excluded $200

  • 8a · Fundraising events: gross income

    $14,716

  • 8a · Fundraising events: contributions included on line 1c

    $23,330

  • 8b · Fundraising events: direct expenses

    $12,015

  • 8c · Net income from fundraising events

    total $2,701 · excluded $2,701

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $4,810 · program services $4,810

  • 5 · Compensation of officers, directors and key employees

    total $143,594 · program services $140,858 · management and general $2,736

  • 7 · Other salaries and wages

    total $258,726 · program services $253,796 · management and general $4,930

  • 9 · Other employee benefits

    total $18,281 · program services $17,933 · management and general $348

  • 10 · Payroll taxes

    total $28,569 · program services $28,025 · management and general $544

  • 11c · Fees: accounting

    total $63,764 · management and general $63,764

  • 11g · Fees: other

    total $188,124 · program services $38,450 · management and general $9,330 · fundraising $140,344

  • 12 · Advertising and promotion

    total $3,626 · fundraising $3,626

  • 13 · Office expenses

    total $45,498 · program services $35,746 · management and general $9,752

  • 14 · Information technology

    total $12,516 · management and general $12,516

  • 16 · Occupancy

    total $118,681 · program services $106,263 · management and general $12,418

  • 17 · Travel

    total $254,773 · program services $228,903 · management and general $7,930 · fundraising $17,940

  • 20 · Interest

    total $96 · program services $86 · management and general $10

  • 22 · Depreciation, depletion and amortization

    total $80,179 · program services $72,161 · management and general $8,018

  • 23 · Insurance

    total $3,431 · management and general $3,431

  • 24a · Other expenses: EVENT EXPENSES

    total $31,255 · program services $31,255

  • 24b · Other expenses: MISCELLANEOUS EXPENSES

    total $22,595 · program services $6,368 · management and general $13,258 · fundraising $2,969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,454 · end of year $23,374

  • 2 · Savings and temporary cash investments

    end of year $801,416

  • 3 · Pledges and grants receivable

    beginning of year $223,679 · end of year $276,509

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,599 · end of year $5,249

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

    $618,819

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

    $91,869

  • 10c · Land, buildings and equipment, net

    beginning of year $606,843 · end of year $526,950

  • 15 · Other assets

    beginning of year $542,547 · end of year $497,728

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,565 · end of year $31,914

  • 25 · Other liabilities

    beginning of year $551,470 · end of year $513,895

  • 27 · Net assets without donor restrictions

    beginning of year $848,778 · end of year $1,304,908

  • 28 · Net assets with donor restrictions

    beginning of year $235,309 · end of year $280,509

Mission and programs · 2025

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION IN THE ARTS TO YOUNG ADULTS AND TO SUPPORT ARTISTS GENERALLY, PARTICULARLY THOSE FROM AN UNDERPRIVELEGED OR LOW-INCOME BACKGROUND OR WHO WOULD OTHERWISE FACE HARDSHIP OR BARRIERS TO ENTRY IN PURSUING ART AND ART EDUCATION OR IN ENTERING THE ART WORLD.

Activities or mission (Part I)

TO PROVIDE ARTS EDUCATION AND SUPPORT ARTISTS FACING FINANCIAL OR ACCESS BARRIERS.

  • WE PROVIDE STUDIO SPACE, ART SUPPLIES, INSTRUCTION, TRAVEL OPPORTUNITIES, COLLEGE SUPPORT, AND MENTORSHIP AT NO COST TO OUR PARTICIPANTS.OUR STUDIO IS LOCATED IN THE ARTS CORRIDOR OF MADISON AVENUE IN THE MEMPHIS MEDICAL DISTRICT. THE BUILDING IS HOME TO A STUDENT EXHIBITION GALLERY, PAINTING STUDIO, SCULPTURE STUDIO, A COMPREHENSIVE ART REFERENCE LIBRARY, AND COMPUTER LAB SPACE FOR COLLEGE APPLICATIONS. THE UPSTAIRS STUDIO FEATURES STATE-OF-THE-ART LIGHTING OPTIMIZED FOR PAINTING AND DRAWING. THE DOWNSTAIRS SCULPTURE STUDIO IS EQUIPPED WITH A KILN, CERAMIC WHEELS, AND WOODWORKING EQUIPMENT. OUR SPACE IS SAFE, HOSPITABLE, AND THOUGHTFULLY CURATED TO PROMOTE LEARNING AND FOSTER COMMUNITY.WHAT BEGAN IN 2020 AS A FOUR-WEEK SUMMER EXPERIENCE FOR 25 HIGH SCHOOL STUDENTS HAS NOW GROWN INTO AN ONGOING, YEAR-ROUND PROGRAM WITH SEVERAL PROGRAMMATIC COMPONENTS, INCLUDING OUR SUMMER FELLOWSHIP PROGRAM, TEEN ART LAB, AND ARTIST MENTORING PROGRAMS. IN ADDITION, CAM FELLOWS TRAVEL TO NEW YORK CITY EACH SUMMER FOR ONE WEEK. EACH SPRING, ELIGIBLE SENIORS EMBARK ON A SPRING BREAK TRIP.OUR PROGRAM NURTURES THE TALENT OF YOUNG VISUAL ARTISTS THROUGH EQUITABLE ACCESS AND EXPOSURE TO THE PROFESSIONAL WORLD OF THE VISUAL ARTS. OUR UNIQUE PROFESSIONAL AND EDUCATIONAL PROGRAMS HELP STUDENTS DEVELOP THEIR PERCEPTION OF CAREER PATHWAYS IN THE ARTS. WE WORK CLOSELY WITH LOCAL VISUAL ARTISTS, MUSEUMS, AND GALLERIES WITH THE AIM OF CONTRIBUTING MEANINGFULLY TO THE BURGEONING ARTS SCENE IN MEMPHIS.

    Expenses $964,654 · Grants $4,810 · Revenue $2,227

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Derek Patterson

    EXECUTIVE DIRECTOR

    Total calculated
    $97,329
    From this org
    $88,462
    From related orgs
    $0
    Other
    $8,867
    Hours/week
    40

  • Amy Keith

    CFO

    Total calculated
    $46,265
    From this org
    $46,265
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Lisa Opoku

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lia Fordjour

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Edward Stanton III

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Isaac Fordjour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elliot Perry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derek Fordjour

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Yashua Klos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brian Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Manon Slome

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
14 September 2026
IRS schema version
2025v4.2
Source object
202612589349302191

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