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Nonprofit · EIN 58-1370565

TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC

Tax-exempt · MEMPHIS, TN 38104

Financials

$230$90K2023$2K$48K2024
Revenue Expenses · by fiscal year end
Financials of TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$2,495$47,752-$45,257$26,036$0$26,036
September 30, 2024990$230$90,163-$89,933$71,295$0$71,295
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$2,495
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Management and general (functional)
$47,752

Balance sheet and other

Total assets, start of year
$71,295
Total assets, end of year
$26,036
Total liabilities, end of year
$0
Net assets, end of year
$26,036
Gross receipts
$2,495
Employees
0
Volunteers
0
Year formed
1979
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 September 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
Archie Willis IIIPresident
Officer
5$0
Steve BarlowSECRETARY
Officer
5$0
Roshun AustinTreasurer
Officer
5$0
990 for the year ended September 30, 2024: 3 people
NameTitleHours / weekCompensation
Archie Willis IIIPresident
Officer
5$0
Steve BarlowSECRETARY
Officer
5$0
Roshun AustinTreasurer
Officer
5$0

Address and contacts

Address (IRS master file)
1708 MONROE AVE, MEMPHIS, TN 38104-3924
Principal officer (990 for 2024)
FRANK BANKS, 145 Court St - Ste 100, MEMPHIS, TN 38103
Signed the 990
Frank Banks, CEO
Phone
(901) 331-3826
Return prepared by
BANKS FINLEY WHITE & CO

Mission

Community Economic Development

990 for the year ended September 30, 2025

Program accomplishments

  • TO ENCOURAGE FULL PARTICIPATION BY MINORITY AND DISADVANTAGED PERSONS IN THE FREE ENTERPRISE SYSTEM AND PROVIDE WAYS AND MEANS FOR EACH PERSON TO HAVE AFFORDABLE AND SAFE HOUSING.0

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 September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

File the 2025 990-N for TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC

Due February 16, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
58-1370565
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
1981
Accounting year ends
September
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$26,036
Income (IRS master file)
$2,495

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$2,495$47,752$26,036XML
990September 2024$230$90,163$71,295XML
990September 2023$8$15,937$161,228IRS
990September 2022$15$5,830$177,157IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 58-1370565).

Questions about TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC

What is the EIN of TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC?
The employer identification number (EIN) of TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC is 58-1370565.
Is TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC?
The 990 for the year ended September 30, 2025 names FRANK BANKS.
Who are the officers and directors of TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC?
The 990 for the year ended September 30, 2025 lists 3 people; 0 received compensation from the organization.
How much revenue does TENNESSEE VALLEY CENTER FOR MINORITY ECONOMIC DEVELOPMENT INC have?
On its 990 for the year ended September 30, 2025 it reported revenue of $2,495, expenses of $47,752 and total assets of $26,036 at year end.

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