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Nonprofiteer
← MEMPHIS YMCA SUPPORT CORPORATION

Form 990 for tax year 2022

Filed by MEMPHIS YMCA SUPPORT CORPORATION.

Totals

Total revenue
$0
Total expenses
$14,281
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$14,034,868
Total liabilities, end of year
$13,719,466
Net assets or fund balances, end of year
$315,402
Program services expenses (Part IX)
$0
Management and general expenses
$14,281
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $14,281 · management and general $14,281

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,185,195 · end of year $1,865,911

  • 15 · Other assets

    beginning of year $6,197,851 · end of year $12,168,957

  • 17 · Accounts payable and accrued expenses

    beginning of year $854,636 · end of year $3,506,457

  • 24 · Unsecured notes and loans payable

    beginning of year $10,198,727 · end of year $10,213,009

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $329,683 · end of year $315,402

Mission and programs · 2022

Mission

THE YMCA SUPPORT CORPORATION WAS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF MEMPHIS & THE MID-SOUTH. SPECIFICALLY AS THEY RELATE TO THE CONSTRUCTION OF A NEW YMCA FACILITY IN THE WHITEHAVEN COMMUNITY OF MEMPHIS.

  • CONSTRUCTION OF WHITEHAVEN YMCA - CONSTRUCTION SET TO BEGIN IN 2021.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynthia Jone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Armstead Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Terrance Grigsby

    CEO

    Total calculated
    $311,275
    From this org
    $0
    From related orgs
    $270,072
    Other
    $41,203
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $270,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,301 related
    Nontaxable benefits
    $0 + $7,902 related
    Filer's total
    $0 + $311,275 related

  • Anthony Norris

    CFO

    Total calculated
    $248,206
    From this org
    $0
    From related orgs
    $214,120
    Other
    $34,086
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,120 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $26,152 related
    Nontaxable benefits
    $0 + $7,934 related
    Filer's total
    $0 + $248,206 related

  • James Stock

    SECRETARY

    Total calculated
    $260,667
    From this org
    $0
    From related orgs
    $227,824
    Other
    $32,843
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,824 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $27,217 related
    Nontaxable benefits
    $0 + $5,626 related
    Filer's total
    $0 + $260,667 related

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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
2022
Filed
19 October 2023
IRS schema version
2022v5.0
Source object
202312999349301291

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