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← HOSPITALITY HUB OF MEMPHIS

Form 990 for tax year 2023

Filed by HOSPITALITY HUB OF MEMPHIS.

What the amendment changed

Compared with the return it replaced , filed 15 November 2024. 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
$6,777,806 changed to $6,827,805
Total expenses
$6,258,535 changed to $6,259,172
Contributions and grants received
$6,865,019 changed to $6,915,019
Investment income
-$87,213 changed to -$87,214
Total assets, end of year
$16,116,817 changed to $16,166,817
Total liabilities, end of year
$1,495,735 changed to $1,496,373
Net assets or fund balances, end of year
$14,621,082 changed to $14,670,444
Program services expenses
$6,126,429 changed to $5,831,794
Management and general expenses
$132,106 changed to $427,378
Program service expenses (Part III)
$6,126,429 changed to $5,831,794

Listed only on the later return

  • JARAD BINGHAM

Totals

Total revenue
$6,827,805
Total expenses
$6,259,172
Contributions and grants received
$6,915,019
Grants paid
$0
Program service revenue
$0
Investment income
-$87,214
Other revenue
$0
Total assets, end of year
$16,166,817
Total liabilities, end of year
$1,496,373
Net assets or fund balances, end of year
$14,670,444
Program services expenses (Part IX)
$5,831,794
Management and general expenses
$427,378
Fundraising expenses
$0
Program service expenses (Part III)
$5,831,794

Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PIERRE LANDAICHE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CANDACE MCRAE WALSH

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3

  • KEITH TURBETT

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • KELCEY JOHNSON

    EXECUTIVE DIRECTOR

    Total calculated
    $96,508
    From this org
    $96,158
    From related orgs
    $0
    Other
    $350
    Hours/week
    40

  • RICHARD HARRIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LT MILTON BONDS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MANDY TAYLOR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEX WILLIS BODDIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JARAD BINGHAM

    FORMER BOARD PRESIDENT

    Total calculated
    $734,638
    From this org
    $0
    From related orgs
    $0
    Other
    $734,638
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $734,638 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $734,638 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

  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
IN CONSIDERATION FOR PERFORMANCE OF DIFFERENT SERVICES, THE ORGANIZATION ACCRUES AND PAYS THE EQUIVALENT OF 21% OF THE ORGANIZATION'S NON-CAPITAL EXPENDITURES TO A CONTRACTED MANAGEMENT COMPANY, THAT IS OWNED BY A FORMER BOARD PRESIDENT.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
3 March 2025
IRS schema version
2023v6.0
Source object
202530639349300748

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