Nonprofit · EIN 31-1754011
SOUTH MAIN ASSOCIATION INC
Tax-exempt · MEMPHIS, TN 38173
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $33,183 | $33,844 | -$661 | $0 | – | $23,291 |
| December 31, 2023 | 990-EZ | $14,680 | $17,156 | -$2,476 | $23,952 | – | $23,952 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $33,183
Expenses
- Compensation of officers, directors and key employees
- $0
- Occupancy
- $9,516
- Other expenses
- $24,328
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- –
- Net assets, end of year
- $23,291
- Gross receipts
- $33,183
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-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cori McCleskey | President | 3 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cori McCleskey | President | 6 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3268, MEMPHIS, TN 38173-0268
- In care of
- % SARAH WORDEN
- Mailing address (990-N for 2025)
- PO BOX 3268, MEMPHIS TN 38103
- Principal officer (990-N for 2025)
- CATHY BRADFORD, PO BOX 3268, MEMPHIS TN 38103
- Signed the 990-EZ
- Cathy Bradford, Treasurer
- Website
- www.southmainassociation.com
Mission
The 2024 Form 990-Z was not filed timely due to a lack of continuity in organizational leadership. The board members serving during calendar year 2024 did not maintain the organizations required IRS and State of Tennessee tax filings. No designated officer took responsibility for ensuring tax compliance during this period. The current treasurer assumed office in May 2026 upon being duly elected. Upon discovering the unfiled returns the treasurer took immediate steps to bring the organization into compliance. This return is being filed at the earliest practicable opportunity following the change in leadership. The failure to file timely was due to reasonable cause and not willful neglect as the organization lacked knowledgeable leadership to manage its filing obligations during the period in question.
Program accomplishments
- Promotion of the Memphis South Main area for business and residential living.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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-N 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
- 31-1754011
- 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
- 2001
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S20)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-N for 2025 Officer: CATHY BRADFORD | December 31, 2025 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2024 | $33,183 | $33,844 | $0 | XML |
| 990-EZ | December 2023 | $14,680 | $17,156 | $23,952 | XML |
| 990-N for 2022 Officer: Jakob Eliason | June 30, 2023 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2021 Officer: Jakob Eliason | June 30, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Jakob Eliason | June 30, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Sara Cullins | June 30, 2020 | ≤ $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 31-1754011).
Questions about SOUTH MAIN ASSOCIATION INC
- What is the EIN of SOUTH MAIN ASSOCIATION INC?
- The employer identification number (EIN) of SOUTH MAIN ASSOCIATION INC is 31-1754011.
- Is SOUTH MAIN ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to SOUTH MAIN ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTH MAIN ASSOCIATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of SOUTH MAIN ASSOCIATION INC 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 SOUTH MAIN ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-N for 2025 for the year ended December 31, 2025.
- Who is the principal officer of SOUTH MAIN ASSOCIATION INC?
- The 990-N for 2025 names CATHY BRADFORD.
- Who are the officers and directors of SOUTH MAIN ASSOCIATION INC?
- The 990-EZ for the year ended December 31, 2024 lists 1 person; 0 received compensation from the organization.
- How much revenue does SOUTH MAIN ASSOCIATION INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $33,183, expenses of $33,844 and total assets of $0 at year end.
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All nonprofits in MEMPHIS · Tennessee · Community improvement and capacity building