NonprofitsVibrant Memphis Inc

Community Improvement & Capacity Building

Vibrant Memphis Inc

MEMPHIS, TN

Total revenue

$3.0M

Total expenses

$3.6M

Net assets

$11.9M

Grants received

$11.7M

33 grants

EIN

820904035

Tax year

2024

Mission

Creates a just, inclusive, and growing regional economy by driving strategy and measuring impact among a network of partners to increase support to new and existing entrepreneurs in converting ideas to businesses, developing talent, attracting capital, and acquiring customers.

Financials

FY 2024

Revenue

Contributions & grants$2.7M
Program service revenue$93K
Investment income$118K
Other revenue$2K
Total revenue$3.0M

Expenses

Grants paid
Salaries & benefits$1.5M
Fundraising$279K
Other expenses$2.1M
Total expenses$3.6M
Total assets$15.2M
Net assets$11.9M

People

11 listed

NameRoleCompensation

ANTHONY YOUNG

PRESIDENT & CEO

Board

$33K

40 hrs/wk

SPENCE WILSON JR

TREASURER

Board

2 hrs/wk

LISA ROSSMEYER WADE

DIRECTOR

Board

2 hrs/wk

AARTI BOWMAN

DIRECTOR

Board

2 hrs/wk

GLORIA BOYLAND

DIRECTOR

Board

2 hrs/wk

ALFRED WASHINGTON

DIRECTOR

Board

2 hrs/wk

KOJO MCLENNON

CHAIRMAN

Board

2 hrs/wk

KAYLA GRAFF

DIRECTOR

Board

2 hrs/wk

RUSSELL INGRAM

FORMER SECRETARY & COO

Staff

$139K

40 hrs/wk

NATHANIEL SMITH

DIRECTOR OF PROGRAMS

Staff

$113K

40 hrs/wk

FAYRE CROSSLEY

CHIEF GRANTS & COMPLIANCE

Staff

$108K

40 hrs/wk

Grants received

Showing 33 of 33

FromAmountPurposeYear
$190K
EXEMPT PURPOSE
2023
$302K
PROGRAM EXPENSES FOR NETWORK PARTNERS, SPONSORSHIP
2022
$217K
EXEMPT PURPOSE
2022
$55K
GENERAL OPERATIONAL SUPPORT
2022
$51K
GENERAL OPERATING
2022
$25K
ESSENTIAL SERVICES
2022
$555K
GENERAL OPERATIONAL SUPPORT
2021
$220K
PROGRAM EXPENSES FOR ENTREPRENEUR CENTER
2021
$125K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$2.1M
GENERAL OPERATIONAL SUPPORT
2020
$338K
Support for expanding and enhancing programming for minority-owned businesses in Memphis. 201905-6524
2020
$332K
EXEMPT PURPOSE
2020
$220K
PROGRAM EXPENSES FOR ENTREPRENEUR CENTER
2020
$2.3M
GENERAL OPERATIONAL SUPPORT
2019
$125K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019
$1.1M
GENERAL OPERATIONAL SUPPORT
2018
$500K
GENERAL OPERATIONAL SUPPORT
2018
$500K
GENERAL OPERATIONAL SUPPORT
2018
$500K
GENERAL OPERATIONAL SUPPORT
2018
$150K
GENERAL OPERATIONAL SUPPORT
2018
$80K
GENERAL OPERATIONAL SUPPORT
2018
$50K
GENERAL OPERATIONAL SUPPORT
2018
$29K
GENERAL OPERATIONAL SUPPORT
2018
$10K
PROGRAM/OPERATING SUPPORT
2018
$6K
MISSION SUPPORT
2018
$6K
GENERAL OPERATIONAL SUPPORT
2018
$5K
GENERAL OPERATIONAL SUPPORT
2018

Funded by

$11.7M from 10 funders · 33 grants · 2018–2024

Community Foundation

$7.9M · 14 grants · 2018–2022

American Online Giving Foundation Inc

$1.4M · 5 grants · 2020–2024

Tennessee Technology Development Corp

$1.0M · 4 grants · 2020–2023

Massmutual Foundation Inc

$739K · 3 grants · 2020–2023

Ewing Marion Kauffman Foundation

$338K · 1 grant · 2020

Jpmorgan Chase Foundation

$250K · 2 grants · 2019–2021

Truist Foundation Inc

$51K · 1 grant · 2022

Ford Motor Company Fund

$25K · 1 grant · 2022

Details

EIN820904035
NTEE codeS30
Subsection03
Ruling date2017-06
Formed2017
Employees17
Volunteers0
VIBRANT MEMPHIS INC — Mission, Financials & Grants Received | Grantivo