NonprofitsMemphis Challenge Inc

Memphis Challenge Inc

MEMPHIS, TN

Total revenue

$358K

Total expenses

$328K

Net assets

$172K

Grants received

$536K

9 grants

EIN

621400107

Tax year

2024

Mission

THE PURPOSE OF MEMPHIS CHALLENGE IS TO MATCH GIFTED, BUT UNDER-REPRESENTED MEMPHIS HIGH SCHOOL students of color with top-tier colleges and universities and scholarship offerings offered by prestigious colleges and universities.

Programs

1 program

Sole (summer online learning experience) is a virtual math academy that is offered for students in grades 3-12 during the summer to combat summer slide (learning loss). Sole is powered thru alek software. Memphis challenge offers weekly parent updates and is building a community of stem (science, technology, engineering, math) enthusiasts (155 persons benefited).

0

Financials

FY 2024

Revenue

Contributions & grants$390K
Program service revenue$7K
Investment income
Other revenue
Total revenue$358K

Expenses

Grants paid$6K
Salaries & benefits$229K
Fundraising$18K
Other expenses$93K
Total expenses$328K
Total assets$172K
Net assets$172K

People

15 listed

NameRoleCompensation

CASSANDRA WEBSTER

EXECUTIVE DIRECTOR

Board

$121K

30 hrs/wk

DR ESMOND ARRINDELL

CHAIRMAN

Board

2 hrs/wk

JR HYDE III

PRESIDENT

Board

2 hrs/wk

WENDY SUMNER-WINTER

SECRETARY

Board

2 hrs/wk

BRYAN J BARRINGER

DIRECTOR

Board

2 hrs/wk

CATHY DEAN

DIRECTOR

Board

2 hrs/wk

CHARLIE PLEAS IIII

DIRECTOR

Board

2 hrs/wk

CORIE RIVERS

TREASURER

Board

4 hrs/wk

DR OTIS ANDERSON III

DIRECTOR

Board

2 hrs/wk

DR RYCHETTA WATKINS

DIRECTOR

Board

2 hrs/wk

ELIZABETH GILLESPIE

DIRECTOR

Board

2 hrs/wk

JILL LOPEZ

DIRECTOR

Board

2 hrs/wk

LANI D LESTER

DIRECTOR

Board

2 hrs/wk

PAMELA SHIELDS

DIRECTOR

Board

2 hrs/wk

DONNA T SANDERS

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 9 of 9

FromAmountPurposeYear
$18K
UNRESTRICTED
2024
$139K
GENERAL OPERATING SUPPORT AND SUPPORT FOR FUND DEVELOPMENT PLANNING AND FUNDRAISING EXECUTION
2023
$17K
UNRESTRICTED
2023
$5K
GENERAL PROGRAM SUPPORT
2023
$200K
GENERAL OPERATING AND STAFFING SUPPORT
2022
$16K
UNRESTRICTED
2022
$10K
UNRESTRICTED
2021
$120K
GENERAL OPERATING SUPPORT
2020
$10K
GENERAL OPERATIONAL SUPPORT
2018

Funded by

$536K from 4 funders · 9 grants · 2018–2024

Jr Hyde Iii Family Foundation

$459K · 3 grants · 2020–2023

Network For Good

$62K · 4 grants · 2021–2024

Community Foundation

$10K · 1 grant · 2018

Delta Boule Charitable Foundation

$5K · 1 grant · 2023

Details

EIN621400107
Subsection03
Ruling date1990-03
Formed1989
Employees6
Volunteers0
MEMPHIS CHALLENGE INC — Mission, Financials & Grants Received | Grantivo