Community Foundation of Greater Memphis Inc
93% goes to programs $0 to raise $100 Strong reserves Declining revenue
Community Foundation of Greater Memphis Inc is a 501(c)(3) organization based in Memphis, Tennessee, registered in 1990, with $171,395,190 in FY2024 revenue. CharityIndex grades it A, and it directs about 93% of spending to programs.
1350 Concourse Ave Ste 458, Memphis, TN, 38104 EIN 58-1723645 Since 1990
Revenue (FY2024)
$171.4M
▲ 54.7% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$149.1M
Net assets
$943.0M
Employees
20
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating93% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Community Foundation of Greater Memphis Inc: 93% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating76 mo reserves · +13% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Community Foundation of Greater Memphis Inc: 76 mo reserves · +13% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Community Foundation of Greater Memphis Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Community Foundation of Greater Memphis Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The community foundation is a philanthropic organization that manages charitable funds with a broad base of donors to benefit the areas of western tennessee, eastern arkansas, and northern mississippi.
What they do
Project funds: the foundation offers project funds to donors to allow them to support one or more nonprofits for a specified time or in perpetuity.
Donor designated funds: the foundation offers donor designated funds for short-term use by organizations working in collaboration or nonprofits awaiting approval of their 501(c )(3) status.
Contact & location
- Address
- 1350 Concourse Ave Ste 458, Memphis, TN, 38104
- City
- Memphis
- State
- Tennessee
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $208.8M (FY2015) to $171.4M (FY2024) across 8 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $10.1MNet assets $943.0M
Operating margin
13.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$953.1M
Total liabilities
$10.1M
Net assets
$943.0M
Salaries & benefits
$3.1M
2% of expenses
Board members
21
21 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $171,395,190▲54.7% | $149,115,390▲20.6% | $942,982,850▲4.9% | $953,060,353▲4.9% | 990 |
| 2023 | $110,784,632▼3.2% | $123,675,954▼0.8% | $898,574,549▲6.7% | $908,669,779▲6.6% | 990 |
| 2022 | $114,399,155▼44.1% | $124,638,033▼14.1% | $842,306,740▼1.7% | $852,675,440▼1.9% | 990 |
| 2021 | $204,591,687▼14.5% | $145,105,093▼11.3% | $857,148,495▼7.2% | $869,569,667▼5.9% | 990 |
| 2020 | $239,424,580▼53.5% | $163,571,542▲0.3% | $923,354,816▲49.4% | $924,315,630▲49.2% | 990 |
| 2019 | $514,967,342▲221% | $163,008,169▼7.4% | $618,090,425▲70.4% | $619,564,365▲70.0% | 990 |
| 2018 | $160,585,711▼23.1% | $175,944,573▲20.9% | $362,653,281▼4.1% | $364,416,579▼5.9% | 990 |
| 2015 | $208,822,974 | $145,498,163 | $378,224,269 | $387,345,048 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Robert M Fockler — $364,421 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert M Fockler | President & Ceo | 37.5 | $364,421 |
| Barbara S Mora | Asst Secretary & Coo | 37.5 | $192,972 |
| Veronica Jamison | Vp of Philanthropic Servic | 37.5 | $153,073 |
| Julia C Mcdonald | Vp of Communications | 37.5 | $140,092 |
| Caroline Kuebler | Dir. of Development | 37.5 | $127,779 |
| Gary Zwierzynski | Treasurer & Cfo Started 09.03.24 | 37.5 | $70,867 |
| Alisa Haushalter | Director | 1 | — |
| Bob Quinn | Director | 1 | — |
| Brook Lester | Director | 1 | — |
| Chip Marston | Vice Chair | 1 | — |
| Chris Kelley | Director | 1 | — |
| Christopher Hearn | Director | 1 | — |
| Dorcas Young Griffin | Director | 1 | — |
| Elliot Perry | Director | 1 | — |
| Erica Stiff-coopwood | Director | 1 | — |
| George Nassar | Director | 1 | — |
| Hallie Peyton | Director | 1 | — |
| Jay Healy | Director | 1 | — |
| Jeanne Jemison | Director | 1 | — |
| J Martin Regan Jr | Secretary | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Prime Buchholz | Investment Advisory | $267,765 |
| Archimania PC | Construction | $256,363 |
| Stellar Technology Solutions LLC | Software | $203,119 |
| Sullivan Branding LLC | Marketing | $171,497 |
| Gant Systems | It Services | $126,228 |
Grants received · $47.5M total
53 grants to Community Foundation of Greater Memphis Inc totaling $47.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $134.3M in FY2024
761 grants totaling $134.3M in FY2024 — showing the 15 largest. All grants made by Community Foundation of Greater Memphis Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| The Works Inc | General operational support | $13,357,815 |
| University of Memphis Foundation | General operational support | $11,614,426 |
| Church Health Center of Memphis Inc | General operational support | $8,638,778 |
| Fidelity Investments Charitable Gift Fund | General operational support | $8,098,000 |
| Urban Renaissance Partners Inc | General operational support | $2,725,000 |
| Alzar School Inc | General operational support | $2,678,717 |
| St Georges Independent Schools Foundation | General operational support | $2,668,076 |
| Planned Parenthood Greater Memphis Region Inc | General operational support | $2,622,760 |
| Memphis Teacher Residency Inc | General operational support | $2,351,750 |
| Lemoyne Owen College | General operational support | $2,196,172 |
| Collegiate School of Memphis | General operational support | $2,018,500 |
| Germantown Baptist Church Inc | General operational support | $2,013,848 |
| East Tennessee Childrens Hospital Association Inc | General operational support | $2,000,000 |
| Memphis Light Gas and Water Division | General operational support | $2,000,000 |
| Memphis University School | General operational support | $1,537,654 |
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Frequently asked questions
- Is Community Foundation of Greater Memphis Inc a legitimate nonprofit?
- Yes. Community Foundation of Greater Memphis Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 58-1723645, based in Memphis, Tennessee. Donations are tax-deductible.
- What is Community Foundation of Greater Memphis Inc's EIN?
- Community Foundation of Greater Memphis Inc's Employer Identification Number (EIN) is 58-1723645.
- How much revenue does Community Foundation of Greater Memphis Inc report?
- Community Foundation of Greater Memphis Inc reported $171,395,190 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Community Foundation of Greater Memphis Inc's spending goes to programs?
- Community Foundation of Greater Memphis Inc spends about 93% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Community Foundation of Greater Memphis Inc have?
- CharityIndex grades Community Foundation of Greater Memphis Inc A, based on program efficiency and fundraising cost.
- How much does Community Foundation of Greater Memphis Inc's highest-paid employee make?
- The highest reported compensation on Community Foundation of Greater Memphis Inc's latest Form 990 is $364,421, paid to Robert M Fockler (President & Ceo).
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Data for Community Foundation of Greater Memphis Inc (EIN 58-1723645) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.