Nonprofit · EIN 20-4964031
BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP
Tax-exempt (reinstated) · MEMPHIS, TN 38112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $417,642 | $342,199 | $75,443 | $534,956 | $184,765 | $350,191 |
| December 31, 2024 | 990-EZ | $93,298 | $63,133 | $30,165 | $480,234 | $205,486 | $274,748 |
| December 31, 2023 | 990-EZ | $30,899 | $15,552 | $15,347 | $457,219 | $224,629 | $232,590 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $60,090
- Membership dues
- $1,060
- Program service revenue
- $333,018
- Investment income
- $0
- Other revenue
- $24,534
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $197,804
- Salaries, compensation and benefits (total)
- $201,369
- Professional fundraising fees
- $0
- Depreciation
- $62,108
- Program services (functional)
- $325,678
- Management and general (functional)
- $16,521
Balance sheet and other
- Total assets, start of year
- $480,234
- Total assets, end of year
- $534,956
- Total liabilities, end of year
- $184,765
- Net assets, end of year
- $350,191
- Land, buildings and equipment
- $405,500
- Net assets without donor restrictions
- $350,191
- Gross receipts
- $417,642
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2008
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BIGGERS | Chairman Trustee or director | 0 | $0 |
| KEITH SANDERS | Vice Chairman Trustee or director | 0 | $0 |
| ANGIE MYLES | Assistant Secretary Trustee or director | 0 | $0 |
| TAMIKA BOYD | Assistant Treasury Trustee or director | 0 | $0 |
| PATRYCE GLEETON | Member Trustee or director | 0 | $0 |
| STEPHAN STOUT | Member Trustee or director | 0 | $0 |
| KEITH NORMAN | President Officer | 0 | $0 |
| VIRGINIA ALLEN | Treasurer Officer | 0 | $0 |
| CRAIG FREEMAN | Secretary Officer | 0 | $0 |
990-EZ for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BIGGERS | Chairman | 0 | $0 |
| KEITH SANDERS | Vice Chairman | 0 | $0 |
| KEITH NORMAN | President | 0 | $0 |
| VIRGINIA ALLEN | Treasurer | 0 | $0 |
| CRAIG FREEMAN | Secretary | 0 | $0 |
| ANGIE MYLES | Assistant Secretary | 0 | $0 |
| TAMIKA BOYD | Assistant Treasury | 0 | $0 |
| PATRYCE GLEETON | Member | 0 | $0 |
| STEPHAN STOUT | Member | 0 | $0 |
990-EZ for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID BIGGERS | Chairman | 0 | $0 |
| KEITH SANDERS | Vice Chairman | 0 | $0 |
| KEITH NORMAN | President | 0 | $0 |
| VIRGINIA ALLEN | Treasurer | 0 | $0 |
| CRAIG FREEMAN | Secretary | 0 | $0 |
| ANGIE MYLES | Assistant Secretary | 0 | $0 |
| TAMIKA BOYD | Assistant Treasury | 0 | $0 |
| PATRYCE GLEETON | Member | 0 | $0 |
| STEPHAN STOUT | Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 2835 BROAD AVE, MEMPHIS, TN 38112-2903
- In care of
- % VIRGINIA ALLEN
- Mailing address (990-N for 2020)
- 2900 Broad, MEMPHIS TN 38122
- Principal officer (990 for 2025)
- Virginia Allen, PO Box 22711, Memphis, TN 38122
- Principal officer (990-N for 2020)
- Keith Norman, 2835 Broad Ste 1, Memphis TN 38112
- Signed the 990
- VIRGINIA ALLEN, Treasurer
- Website
- bracedmemphis.org
Mission
The organization's mission is to aid in breaking the cycle of poverty by providing opportunity to those most in need according to scripture.
Program accomplishments
- The organizations mission is to aid in breaking the cycle of povertyExpenses $263,570
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-4964031
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $534,956
- Income (IRS master file)
- $417,642
Revocation and reinstatement
- Exemption revoked
- May 15, 2010
- Posted by the IRS
- June 9, 2011
- Reinstated
- Effective May 15, 2010
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $417,642 | $342,199 | $534,956 | IRS |
| 990-EZ | December 2024 | $93,298 | $63,133 | $480,234 | IRS |
| 990-EZ | December 2023 | $30,899 | $15,552 | $457,219 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Keith Norman | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Virginia Allen | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-4964031).
Questions about BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP
- What is the EIN of BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP is 20-4964031.
- Is BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective May 15, 2010.
- Are donations to BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 names Virginia Allen.
- Who are the officers and directors of BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does BROAD AVENUE COMMUNITY AND ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $417,642, expenses of $342,199 and total assets of $534,956 at year end.
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