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Nonprofiteer
← MEMPHIS LEADERSHIP FOUNDATION INC

Form 990 for tax year 2024

Filed by MEMPHIS LEADERSHIP FOUNDATION INC.

Totals

Total revenue
$929,344
Total expenses
$1,190,212
Contributions and grants received
$820,876
Grants paid
$52,960
Program service revenue
$90,143
Investment income
$16,565
Other revenue
$1,760
Total assets, end of year
$626,228
Total liabilities, end of year
$349,263
Net assets or fund balances, end of year
$276,965
Program services expenses (Part IX)
$317,837
Management and general expenses
$869,444
Fundraising expenses
$2,931
Program service expenses (Part III)
$317,837

Program services were 26.7% 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

    $4,830

  • 1e · Government grants (contributions)

    $2,000

  • 1f · All other contributions, gifts and grants

    $814,046

  • 2a · Program service revenue: ADMINISTRATIVE FEES

    total $90,143 · related or exempt $90,143

  • 3 · Investment income

    total $16,565 · excluded $16,565

  • 6a · Gross rents

    real property $1,760

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,760

  • 6d · Net rental income or loss

    total $1,760 · related or exempt $1,760

  • 8a · Fundraising events: gross income

    $0

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

    $4,830

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $52,960 · program services $52,960

  • 5 · Compensation of officers, directors and key employees

    total $105,846 · program services $29,513 · management and general $76,333

  • 7 · Other salaries and wages

    total $531,713 · program services $148,257 · management and general $383,456

  • 9 · Other employee benefits

    total $47,504 · program services $13,572 · management and general $33,932

  • 10 · Payroll taxes

    total $50,704 · program services $13,879 · management and general $36,825

  • 13 · Office expenses

    total $20,742 · program services $7,006 · management and general $11,187 · fundraising $2,549

  • 14 · Information technology

    total $111,694 · program services $335 · management and general $111,359

  • 16 · Occupancy

    total $56,342 · program services $231 · management and general $55,729 · fundraising $382

  • 17 · Travel

    total $2,651 · program services $2,651

  • 19 · Conferences, conventions and meetings

    total $4,355 · program services $4,289 · management and general $66

  • 23 · Insurance

    total $36,044 · program services $8,710 · management and general $27,334

  • 24a · Other expenses: PROFESSIONAL FEES

    total $133,271 · program services $117 · management and general $133,154

  • 24b · Other expenses: DIRECT PROGRAM

    total $35,118 · program services $35,049 · management and general $69

  • 24c · Other expenses: PROMOTION

    total $1,268 · program services $1,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,569 · end of year $89,302

  • 4 · Accounts receivable

    beginning of year $353,364 · end of year $295,759

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,946 · end of year $103,869

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

    $31,765

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

    $31,765

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $203,878 · end of year $137,298

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,551 · end of year $77,909

  • 23 · Secured mortgages and notes payable

    beginning of year $145,400 · end of year $130,145

  • 25 · Other liabilities

    beginning of year $275,973 · end of year $141,209

  • 27 · Net assets without donor restrictions

    beginning of year $319,592 · end of year $37,475

  • 28 · Net assets with donor restrictions

    beginning of year $218,241 · end of year $239,490

Mission and programs · 2024

Mission

TO EQUIP AND EMPOWER GRASSROOTS URBAN LEADERS TO TRANSFORM LIVES AND COMMUNITIES IN MEMPHIS.

Activities or mission (Part I)

THE MEMPHIS LEADERSHIP FOUNDATION ("MLF"), A NON-DENOMINATIONAL FAITH BASED OUTREACH MINISTRY, EMPOWERS URBAN UNDER-RESOURCED MEN, WOMEN, AND CHILDREN THROUGH CREATIVE, EFFECTIVE, AND INNOVATIVE MINISTRY AND LEADERSHIP. THE MISSION AND PURPOSE OF MLF IS TO PROCLAIM THE WHOLE GOSPEL TO THE WHOLE CITY THROUGH THE EMPOWERMENT OF LEADERS AND THE DEVELOPMENT OF MINISTRIES AND PROGRAMS THAT FOCUS ON THE NEEDS OF UNDER-RESOURCED PEOPLE AND COMMUNITIES. MLF IS A MEMBER OF THE GLOBAL NETWORK OF LOCAL LEADERSHIP FOUNDATIONS ("LLFS"), ORGANIZATIONS WORKING TO TRANSFORM THE CITIES IN WHICH THEY OPERATE.

  • CHRIST FELLOWSHIP ("CF") EXISTS TO FOSTER POSITIVE CHANGES IN THE LIFE OF AT RISK YOUTH BY GOING WHERE KIDS ARE, BUILDING POSITIVE CHRIST CENTERED RELATIONSHIPS, VOLUNTEERING IN SCHOOLS, PROVIDING AFTER SCHOOL PROGRAMMING AND ENGAGING THEM IN VARIOUS ENRICHMENT ACTIVITIES IN ORDER TO ADVANCE THE KINGDOM OF GOD AGAINST THE DARKNESS OF THIS WORLD BY LOVING GOD, EMBODYING GOD'S LOVE FOR EACH-OTHER AND PROCLAIMING GOD'S LOVE TO THE WORLD IN WORD AND DEED

    Expenses $74,595 · Revenue $69,000

  • HEART TO HEART ("H2H")H2H IS A PARTNERSHIP WITH YOUTH VILLAGES TO PROVIDE AN ON-SITE COORDINATOR FOR THEIR SPIRITUAL LIFE PROGRAM. MORE THAN 350 YOUTH IN RESIDENTIAL TREATMENT HAVE THE OPPORTUNITY TO PARTICIPATE IN WEEKLY CHAPEL, BIBLE STUDY AND WORSHIP SERVICES AS WELL AS INDIVIDUAL PASTORAL TRAINING.

    Expenses $70,157

  • OTHER GENERAL MINISTRIES PROVIDING DISCIPLESHIP OF CHRISTIAN PRINCIPLES TO VARIOUS GROUPS OF AT RISK URBAN YOUTH AND ADULTS INCLUDING THE FOLLOWING SPECIFIC MINISTRIES: GLOBAL FRIENDS MEMPHIS ("GFM") GFM IS AN INTERNATIONAL COMMUNITY OF STUDENTS AND VOLUNTEERS WHO SEEK TO JOURNEY TOGETHER IN FAITH AND FRIENDSHIP AS A REGISTERED ORGANIZATION OF THE UNIVERSITY OF MEMPHIS. THE MINISTRY WAS CREATED TO PROVIDE INTERNATIONAL STUDENTS FAMILY IN MEMPHIS AS WELL AS GIVE THEM AN OPPORTUNITY TO EXPLORE FAITH. EXCEL LEADERSHIP/SCHOLARSHIP PROGRAM ("EXCEL") EXCEL IS A LEADERSHIP AND SCHOLARSHIP OPPORTUNITY PROGRAM FOR INNER CITY YOUTH. STUDENTS RECEIVE SCHOLARSHIPS FROM UNION UNIVERSITY, BETHEL UNIVERSITY OR CHRISTIAN BROTHERS UNIVERSITY TO HELP DEFRAY EDUCATION COSTS AND ARE GIVEN A MENTOR FOR THE DURATION OF THEIR COLLEGE EDUCATION. VIRTUALLY ALL OF THE STUDENTS ARE FIRST GENERATION COLLEGE STUDENTS IN THEIR FAMILIES.LEADERSHIP DEVELOPMENT ("LD") LD OFFERS TWO SEPARATE YEAR-LONG TRAINING WORKSHOPS TO URBAN MINISTRY LEADERS AND PASTORS: (1) URBAN ARROW TEACHES LEADERSHIP AND MANAGEMENT TRAINING. (2) TRANSFORMATIONAL GIVING TEACHES BIBLICAL FUNDRAISING AND EQUIPS WITH VARIOUS STRATEGIES AND OPPORTUNITIES.

    Expenses $173,085 · Grants $52,960 · Revenue $143,207

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Chris Craft

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brandis Leverette

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Fred Geyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ben Landess

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Charlotte Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jimmy Dickey

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Sam Holcomb

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Barry Maynard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Daniel Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jonathan Field

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laquita Stokes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tim Webb

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Arther Wells

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Larry Lloyd

    FOUNDER

    Total calculated
    $105,846
    From this org
    $105,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

Provenance

Return type
form_990
Tax year
2024
Filed
11 August 2026
IRS schema version
2024v5.5
Source object
202642249349301909

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