Nonprofit · EIN 23-7361931
ECONOMIC CLUB OF MEMPHIS
Tax-exempt · MEMPHIS, TN 38152
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $164,433 | $162,029 | $2,404 | $198,347 | $0 | $198,347 |
| June 30, 2024 | 990 (amended) | $174,601 | $224,346 | -$49,745 | $195,943 | $0 | $195,943 |
| June 30, 2023 | 990 | $185,517 | $154,338 | $31,179 | $245,688 | $0 | $245,688 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $157,262
- Membership dues
- $79,282
- Program service revenue
- $0
- Investment income
- $7,171
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $40,000
- Salaries, compensation and benefits (total)
- $40,000
- Professional fundraising fees
- $0
- Accounting fees
- $9,208
- Program services (functional)
- $118,426
- Management and general (functional)
- $43,603
Balance sheet and other
- Total assets, start of year
- $195,943
- Total assets, end of year
- $198,347
- Total liabilities, end of year
- $0
- Net assets, end of year
- $198,347
- Net assets without donor restrictions
- $198,347
- Gross receipts
- $164,433
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1973
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL THOMPSON | EXECUTIVE DIRECTOR Officer | 40 | $20,000 |
| ELIZABETH ROUSE | BOARD MEMBER Trustee or director | 1 | $0 |
| RAAJ KURAPATI | BOARD MEMBER Trustee or director | 1 | $0 |
| MARJ LIVINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN GOULD | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| EUSTIS CORRIGAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID SCULLY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| HOWARD GOBER | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE FRENCH | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW HUMPHREY | BOARD MEMBER Trustee or director | 1 | $0 |
| BETH FLANAGAN | BOARD MEMBER Trustee or director | 1 | $0 |
| TRIPP CREWS | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE HENSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIE TUCKER | OUTGOING EXECUTIVE DIRECTOR Officer | 40 | $20,000 |
| MICHAEL THOMPSON | EXECUTIVE DIRECTOR Officer | 40 | $3,333 |
| JOANNA CRANGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| RAAJ KURAPATI | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSAN HUFFMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARJ LIVINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN GOULD | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| EUSTIS CORRIGAN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID SCULLY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LAURIE TUCKER | EXECUTIVE DIRECTOR Officer | 40 | $40,000 |
| JOANNA CRANGLE | BOARD MEMBER Trustee or director | 1 | $0 |
| RAAJ KURAPATI | BOARD MEMBER Trustee or director | 1 | $0 |
| SUSAN HOFFMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| MARJ LIVINGSTON | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUGLAS SCARBORO | BOARD MEMBER Trustee or director | 1 | $0 |
| HOWARD GOBER | BOARD MEMBER Trustee or director | 1 | $0 |
| GENE HENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFF LEWIS | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE FRENCH | BOARD MEMBER Trustee or director | 1 | $0 |
| ROBERT GARRETT | BOARD MEMBER Trustee or director | 1 | $0 |
| SEAN GOULD | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDREW HUMPHREY | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIZABETH ROUSE | PRESIDENT Trustee or director, Officer | 1 | $0 |
| EUSTIS CORRIGAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| DAVID SCULLY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 407 FOGELMAN COLLEGE, MEMPHIS, TN 38152-0001
- In care of
- % KURT F FLEXNER
- Principal officer (990 for 2024)
- MICHAEL THOMPSON, 407 FOGELMAN COLLEGE, MEMPHIS, TN 38152
- Signed the 990
- MICHAEL THOMPSON, EXECUTIVE DIRECTOR
- Phone
- (901) 678-2443
- Website
- WWW.ECONCLUBMEMPHIS.ORG
- Return prepared by
- ASCENT ACCOUNTING & ADVISORY PLLC
Mission
MAKE A CONTRIBUTION BY PROMOTING THE STUDY AND DISCUSSION OF ECONOMIC, POLITICAL, AND SOCIAL ISSUES BY BRINGING OUTSTANDING LEADERS AND CREATIVE INDIVIDUALS TO MEMPHIS WHICH CONTRIBUTES TO GREATER APPRECIATION OF EXCELLENCE IN ALL ENDEAVORS AND FOSTERS A GLOBAL POINT OF VIEW.
Program accomplishments
- THE ORGANIZATION HELD MEETINGS FEATURING RENOWNED GUEST SPEAKERS. THESE MEETINGS PROVIDED AN OPPORTUNITY FOR EDUCATION AND A PLATFORM FOR MEMPHIS AREA BUSINESS LEADERS TO EXCHANGE VIEWS WITH INFLUENTIAL PEOPLE FROM AROUND THE WORLD.Expenses $118,426
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7361931
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $198,347
- Income (IRS master file)
- $164,433
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $164,433 | $162,029 | $198,347 | IRS |
| 990 | June 2024 | $174,601 | $224,346 | $195,943 | XML |
| 990 | June 2023 | $185,517 | $154,338 | $245,688 | XML |
| 990 | June 2022 | $167,633 | $163,099 | $224,573 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 23-7361931).
Questions about ECONOMIC CLUB OF MEMPHIS
- What is the EIN of ECONOMIC CLUB OF MEMPHIS?
- The employer identification number (EIN) of ECONOMIC CLUB OF MEMPHIS is 23-7361931.
- Is ECONOMIC CLUB OF MEMPHIS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to ECONOMIC CLUB OF MEMPHIS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC CLUB OF MEMPHIS 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 ECONOMIC CLUB OF MEMPHIS due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ECONOMIC CLUB OF MEMPHIS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of ECONOMIC CLUB OF MEMPHIS?
- The 990 for the year ended June 30, 2025 names MICHAEL THOMPSON.
- Who are the officers and directors of ECONOMIC CLUB OF MEMPHIS?
- The 990 for the year ended June 30, 2025 lists 15 people; 1 received compensation from the organization, the highest $20,000 (MICHAEL THOMPSON, EXECUTIVE DIRECTOR).
- How much revenue does ECONOMIC CLUB OF MEMPHIS have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $164,433, expenses of $162,029 and total assets of $198,347 at year end.
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