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        <FormAndLineReferenceDesc>FORM 990 - ORGANIZATION'S MISSION</FormAndLineReferenceDesc>
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        <FormAndLineReferenceDesc>FORM 990, PAGE 2, PART III, LINE 4A</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMPHIS FOURTH ESTATE GATHERS AND DISSEMINATES INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF THE CITY OF MEMPHIS AND SURROUNDING AREAS, USING INVESTIGATIVE, EXPLANATORY, DATA-DRIVEN AND MULTIMEDIA JOURNALISM THROUGH ITS ONLINE PUBLICATION FOR WHICH IT OFFERS MONTHLY AND ANNUAL SUBSCRIPTIONS. IN ADDITION TO THE ONLINE PUBLICATION, THE ORGANIZATION FULFILLS AN EDUCATIONAL ROLE FOR THE PUBLIC AND FOR JOURNALISTS AND ASPIRING JOURNALISTS THROUGH, AMOUNT OTHER MEANS, INTERNSHIPS AND COLLABORATIVE ACTIVITY WITH LOCAL COLLEGES AND UNIVERSITIES. IT ALSO SEEKS TO ENGAGE THE COMMUNITY BY PROVIDING SEMINAR SERIES, SYMPOSIA, AND WORKSHOPS, BOTH ONLINE AND BY CONVENTIONAL MEANS, ON SUBJECTS OF IMPORTANCE TO THE COMMUNITY.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMPHIS FOURTH ESTATE, INC. REQUESTS KEY EMPLOYEES AND BOARD MEMBERS TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST. THEY ARE TO DESCRIBE ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE APPROVES THE 990 BEFORE IT IS FILED. A COPY IS THEN PROVIDED TO THE BOARD.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>MEMPHIS FOURTH ESTATE, INC REQUESTS KEY EMPLOYEES AND BOARD MEMBERS TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THEY ARE TO DESCRIBE ANY RELATIONSHIP, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 6, PART VI, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.</ExplanationTxt>
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      <SupplementalInformationDetail>
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        <ExplanationTxt>CONTRACT LABOR 180,390 0 0 TRAVEL &amp; MEETINGS 96,850 0 0 CREDIT CARD PROCESSING 0 93,182 0 DUES AND SUBSCRIPTIONS 44,792 0 0 DUES &amp; SUBSCRIPTIONS 44,018 0 0 REPAIRS AND MAINTENANCE 35,922 0 0 OCCUPANCY 33,347 0 0 INSURANCE 25,446 0 0 OFFICE EXPENSES 16,764 0 0 DUES AND SUBSCRIPTIONS 0 13,254 0 REPAIRS AND MAINTENANCE 0 6,991 0 6,357 0 0 BAD DEBT 0 1,441 0 TOTAL 483,886 114,868 0</ExplanationTxt>
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