Form 990 for tax year 2022

Filed by SOUTH MEMPHIS ALLIANCE INCORPORATED.

Totals

Total revenue: $797,348
Total expenses: $825,855
Contributions and grants received: $372,760
Grants paid: $0
Program service revenue: $308,008
Investment income: $0
Other revenue: $116,580
Total assets, end of year: $2,015,226
Total liabilities, end of year: $116,639
Net assets or fund balances, end of year: $1,898,587
Program services expenses (Part IX): $512,609
Management and general expenses: $313,246
Fundraising expenses: $0
Program service expenses (Part III): $512,609

Program services were 62.1% 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.

1e · Government grants (contributions)

$341,540
1f · All other contributions, gifts and grants

$31,220
2a · Program service revenue: Laundromat

total $308,008 · related or exempt $308,008
6a · Gross rents

real property $118,668
6c · Rental income or loss

real property $118,668
6d · Net rental income or loss

total $118,668 · related or exempt $118,668
10b · Cost of goods sold

$2,088
10c · Net income from sales of inventory

total -$2,088 · related or exempt -$2,088

Functional expenses

Part IX, the statement of functional expenses.

7 · Other salaries and wages

total $213,935 · program services $167,738 · management and general $46,197
9 · Other employee benefits

total $5,971 · program services $5,527 · management and general $444
11c · Fees: accounting

total $42,000 · program services $42,000
11g · Fees: other

total $53,918 · program services $31,725 · management and general $22,193
12 · Advertising and promotion

total $2,085 · program services $2,085
13 · Office expenses

total $33,141 · program services $33,141
14 · Information technology

total $4,458 · program services $807 · management and general $3,651
16 · Occupancy

total $92,334 · program services $78,324 · management and general $14,010
17 · Travel

total $9,484 · program services $4,433 · management and general $5,051
22 · Depreciation, depletion and amortization

total $93,351 · management and general $93,351
23 · Insurance

total $38,290 · program services $38,087 · management and general $203
24a · Other expenses: Specific Assistance

total $64,884 · program services $62,183 · management and general $2,701
24b · Other expenses: Charitable Contributions

total $3,000 · management and general $3,000
24c · Other expenses: Admin Expenses

total $159,145 · program services $46,559 · management and general $112,586
24d · Other expenses: Property Taxes

total $9,859 · management and general $9,859

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $123,400 · end of year $75,418
4 · Accounts receivable

beginning of year $97,650 · end of year $80,069
7 · Other notes and loans receivable

beginning of year $1,900 · end of year $972
10a · Land, buildings and equipment: cost or other basis

$2,541,763
10b · Land, buildings and equipment: accumulated depreciation

$682,996
10c · Land, buildings and equipment, net

beginning of year $1,805,514 · end of year $1,858,767
17 · Accounts payable and accrued expenses

beginning of year $13,102 · end of year $36,041
22 · Loans and payables to officers and key people

end of year $20,728
23 · Secured mortgages and notes payable

beginning of year $55,277 · end of year $44,785
24 · Unsecured notes and loans payable

beginning of year $32,991 · end of year $15,085
27 · Net assets without donor restrictions

beginning of year $1,927,094 · end of year $1,898,587

Mission and programs · 2022

Mission

To improve the health, knowledge, and stability of young people, families and communities through social services, advocacy, and mentoring.

Sisters Saving Sisters is a pregnancy prevention program used to guide young ladies in a positive manner through education of financial management, employment/job skills, and educational achievement.

Expenses $258,054 · Revenue $91,040
Opportunity PassportProgram provides youth in foster care financial literacy matched savings program that help youth develop an understanding of managing personal finances

Expenses $159,807 · Revenue $50,000
Will Work was created to engage unemployed and underemployed Memphians with support in job training skills, employment assistance, and life support.

Expenses $94,248 · Revenue $200,000
Amerigroup is to assist in giving Memphians life support and job skills. To assist with programmatic costs and support

Expenses $500 · Revenue $500

As filed on the 2022 return.

Listed in Part VII

Tundrea Lyons

Board Member

Total calculated

$0

Hours/week

1
Ian Randolph

Board Member

Total calculated

$0

Hours/week

1
Pametria Brown

Treasurer

Total calculated

$0

Hours/week

1
Reginald Milton

Executive Director

Total calculated

$0

Hours/week

40
Kimberly Brown

Board Chair

Total calculated

$0

Hours/week

5
Shahidah Jones

Secretary

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.

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 December 2023
IRS schema version: 2022v5.0
Source object: 202303479349300335

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