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Nonprofit · EIN 58-1607228

NEW MEMPHIS INSTITUTE

Tax-exempt · MEMPHIS, TN 38103

Financials

$3.4M$2.7M2023$2.2M$2.8M2024$3.4M$3M2025
Revenue Expenses · by fiscal year end
Financials of NEW MEMPHIS INSTITUTE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$3,443,816$2,964,423$479,393$5,946,410$1,451,516$4,494,894
December 31, 2024990$2,168,997$2,839,392-$670,395$5,323,925$1,470,979$3,852,946
December 31, 2023990$3,377,982$2,694,740$683,242$6,025,275$1,601,270$4,424,005
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,720,189
Program service revenue
$564,528
Investment income
$116,452
Other revenue
$42,647

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$366,987
Other salaries and wages
$1,195,919
Salaries, compensation and benefits (total)
$1,826,649
Professional fundraising fees
$0
Accounting fees
$64,500
Occupancy
$113,965
Travel
$53,183
Depreciation
$23,805
Program services (functional)
$2,640,556
Management and general (functional)
$197,858
Fundraising (functional)
$126,009

Balance sheet and other

Total assets, start of year
$5,323,925
Total assets, end of year
$5,946,410
Total liabilities, end of year
$1,451,516
Net assets, end of year
$4,494,894
Land, buildings and equipment
$252,772
Publicly traded securities
$2,691,966
Net assets without donor restrictions
$3,844,894
Net assets with donor restrictions
$650,000
Gross receipts
$3,443,816
Employees
18
Volunteers
1,000
Year formed
1984
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.

NameTitleHours / weekCompensationOther / benefits
ANNA MULLINS ELLISCEO
Officer
40$198,481$6,420
JILL TURNERCOO
Officer
40$155,666$6,420
ANNA WOHRMANVP OF STRATEGIC INITIATIVE
Highest-paid employee
40$125,413$17,542
KAYLON BRADFORDVP OF PROGRAMS
Highest-paid employee
40$128,258$6,420
NANCY AVERWATERTRUSTEE
Trustee or director
1$0$0
PETER BUNCETRUSTEE
Trustee or director
1$0$0
MATT HARRELLVICE CHAIR
Trustee or director, Officer
1$0$0
DAPHNE LARGETRUSTEE
Trustee or director
1$0$0
KELLY LOMAXTREASURER
Trustee or director, Officer
1$0$0
ISAAC RODRIGUEZSECRETARY
Trustee or director, Officer
1$0$0
CHANDELL RYANTRUSTEE
Trustee or director
1$0$0
ANDREW SCHAEFFERTRUSTEE
Trustee or director
1$0$0
GREG SPILLYARDSTRUSTEE
Trustee or director
1$0$0
SUSAN STEPHENSONAT LARGE
Trustee or director, Officer
1$0$0
TISH TOWNSBOARD CHAIR
Trustee or director, Officer
1$0$0
16 more people on this return
NameTitleHours / weekCompensation
DUNCAN WILLIAMSAT LARGE
Trustee or director, Officer
1$0
KEVIN WOODSIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0
KONTJI ANTHONYTRUSTEE
Trustee or director
1$0
FEDERICO FIDALGOAT LARGE
Trustee or director, Officer
1$0
MIKE LAMBERTTRUSTEE
Trustee or director
1$0
TED TOWNSENDTRUSTEE
Trustee or director
1$0
GIL UHLHORNTRUSTEE
Trustee or director
1$0
MARIO BROWNTRUSTEE
Trustee or director
1$0
PENELOPE HUSTONTRUSTEE
Trustee or director
1$0
DANIELLE INEZTRUSTEE
Trustee or director
1$0
JT MALASRITRUSTEE
Trustee or director
1$0
NIKA MARTINTRUSTEE
Trustee or director
1$0
PAT HOPPERTRUSTEE
Trustee or director
1$0
ERIC BAILEYTRUSTEE
Trustee or director
1$0
AMY SHELTON LITTLETRUSTEE
Trustee or director
1$0
TARA HALLIE WARETRUSTEE
Trustee or director
1$0
990 for the year ended December 31, 2024: 35 people
NameTitleHours / weekCompensationOther / benefits
ANNA MULLINS ELLISCEO
Officer
40$196,064$11,597
JILL TURNERCOO
Officer
40$150,459$11,086
ANNA WOHRMANVP OF STRATEGIC INITIATIVE
Highest-paid employee
40$118,091$16,177
KAYLON BRADFORDVP OF PROGRAMS
Highest-paid employee
40$124,472$8,761
NANCY AVERWATERTRUSTEE
Trustee or director
1$0$0
RENEE BAILEYTRUSTEE
Trustee or director
1$0$0
PETER BUNCETRUSTEE
Trustee or director
1$0$0
NEIL GIBSONTRUSTEE
Trustee or director
1$0$0
JIL JORDAN GREENETRUSTEE
Trustee or director
1$0$0
MATT HARRELLTREASURER
Trustee or director, Officer
1$0$0
DAPHNE LARGETRUSTEE
Trustee or director
1$0$0
JUSTIN LAWHEADTRUSTEE
Trustee or director
1$0$0
KELLY LOMAXTRUSTEE
Trustee or director
1$0$0
MICKELL LOWERYTRUSTEE
Trustee or director
1$0$0
ISAAC RODRIGUEZSECRETARY
Trustee or director, Officer
1$0$0
CHANDELL RYANTRUSTEE
Trustee or director
1$0$0
ANDREW SCHAEFFERTRUSTEE
Trustee or director
1$0$0
GREG SPILLYARDSTRUSTEE
Trustee or director
1$0$0
SUSAN STEPHENSONAT LARGE
Trustee or director, Officer
1$0$0
TISH TOWNSAT LARGE
Trustee or director, Officer
1$0$0
DUNCAN WILLIAMSAT LARGE
Trustee or director, Officer
1$0$0
KEVIN WOODSBOARD CHAIR
Trustee or director, Officer
1$0$0
KONTJI ANTHONYTRUSTEE
Trustee or director
1$0$0
FEDERICO FIDALGOTRUSTEE
Trustee or director
1$0$0
MIKE LAMBERTTRUSTEE
Trustee or director
1$0$0
JIM SUMMERVILLETRUSTEE
Trustee or director
1$0$0
TED TOWNSENDTRUSTEE
Trustee or director
1$0$0
GIL UHLHORNTRUSTEE
Trustee or director
1$0$0
MARIO BROWNTRUSTEE
Trustee or director
1$0$0
PENELOPE HUSTONTRUSTEE
Trustee or director
1$0$0
DANIELLE INEZTRUSTEE
Trustee or director
1$0$0
JT MALASRITRUSTEE
Trustee or director
1$0$0
NIKA MARTINTRUSTEE
Trustee or director
1$0$0
PAT HOPPERTRUSTEE
Trustee or director
1$0$0
ERIC BAILEYTRUSTEE
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 37 people
NameTitleHours / weekCompensationOther / benefits
ANNA MULLINS ELLISCEO
Officer
40$204,497$14,238
JILL TURNERCOO
Officer
40$147,560$13,054
ANNA WOHRMANVP OF STRATEGIC INITIATIVES
Highest-paid employee
40$112,875$17,485
KAYLON BRADFORDVP OF PROGRAMS
Highest-paid employee
40$116,096$10,605
NANCY AVERWATERTRUSTEE
Trustee or director
1$0$0
RENEE BAILEYTRUSTEE
Trustee or director
1$0$0
VERNELL BENNETT-FAIRSTRUSTEE
Trustee or director
1$0$0
PETER BUNCETRUSTEE
Trustee or director
1$0$0
DARRELL COBBINSTRUSTEE
Trustee or director
1$0$0
JOHN DANIELAT LARGE
Trustee or director, Officer
1$0$0
NEIL GIBSONIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
TANNERA GEORGE GIBSONTRUSTEE
Trustee or director
1$0$0
JIL JORDAN GREENETRUSTEE
Trustee or director
1$0$0
MATT HARRELLTREASURER
Trustee or director, Officer
1$0$0
DON HUTSONTRUSTEE
Trustee or director
1$0$0
DAPHNE LARGETRUSTEE
Trustee or director
1$0$0
JUSTIN LAWHEADTRUSTEE
Trustee or director
1$0$0
KELLY LOMAXTRUSTEE
Trustee or director
1$0$0
MICHELL LOWERYTRUSTEE
Trustee or director
1$0$0
ISAAC RODRIGUEZSECRETARY
Trustee or director, Officer
1$0$0
CHANDELL RYANTRUSTEE
Trustee or director
1$0$0
ANDREW SCHAEFFERCHAIR
Trustee or director, Officer
1$0$0
GREG SPILLYARDSTRUSTEE
Trustee or director
1$0$0
SUSAN STEPHENSONAT LARGE
Trustee or director, Officer
1$0$0
FRED TOWLERTRUSTEE
Trustee or director
1$0$0
TISH TOWNSAT LARGE
Trustee or director, Officer
1$0$0
DUNCAN WILLIAMSAT LARGE
Trustee or director, Officer
1$0$0
KEVIN WOODSVICE CHAIR
Trustee or director, Officer
1$0$0
PAUL YOUNGTRUSTEE
Trustee or director
1$0$0
KONTJI ANTHONYTRUSTEE
Trustee or director
1$0$0
FEDERICO FIDALGOTRUSTEE
Trustee or director
1$0$0
TANYA HARTTRUSTEE
Trustee or director
1$0$0
MIKE LAMBERTTRUSTEE
Trustee or director
1$0$0
AMANDA SEIDLTRUSTEE
Trustee or director
1$0$0
JIM SUMMERVILLETRUSTEE
Trustee or director
1$0$0
TED TOWNSENDTRUSTEE
Trustee or director
1$0$0
GIL UHLHORNTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
516 TENNESSEE ST STE 301, MEMPHIS, TN 38103-4712
Principal officer (990 for 2025)
ANNA MULLINS ELLIS, 516 TENNESSEE STREET 301, MEMPHIS, TN 38103
Signed the 990
ANNA MULLINS ELLIS, PRESIDENT & CEO
Phone
(901) 527-4625
Return prepared by
WATKINS UIBERALL PLLC

Mission

NEW MEMPHIS FORGES A PROSPEROUS AND VITAL NEW MEMPHIS BY DEVELOPING, ACTIVATING AND RETAINING TALENT IN ORDER TO MOVE MEMPHIS FORWARD BY DELIVERING PROGRAMS THAT EMPOWER AND INSPIRE INDIVIDUALS TO FURTHER DEVELOP THE STRENGTHS OF OUR CITY.

990 for the year ended December 31, 2025

Program accomplishments

  • THE LEADERSHIP DEVELOPMENT INTENSIVE IS A THREE-AND-A-HALF DAY TRAINING EXPERIENCE DELIVERED TWO TIMES A YEAR IN PARTNERSHIP WITH FRANKLIN & WHITE. MORE THAN 1,200 EXECUTIVE-LEVEL BUSINESS AND CIVIC LEADERS HAVE COMPLETED THIS PROGRAM WHICH EMPOWERS ESTABLISHED LEADERS TO BETTER UNDERSTAND AND USE THEIR STRENGTHS TO MOVE MEMPHIS FORWARD. EVERY YEAR THIS GROWING NUMBER OF LEADERS REPRESENTS THE DRIVING FORCE OF NEW MEMPHIS INSTITUTE: THE GREATEST CATALYST OF POSITIVE TRANSFORMATION IN ANY COMMUNITY IS STRONG AND ENGAGED LEADERS. THESE LEADERS SPEND COMMUNITY TIME SERVING ON BOARDS AND COMMITTEES BASED ON REFERRALS MADE BY NEW MEMPHIS INSTITUTE; ADVISING THE FELLOWS ON THEIR COMMUNITY ACTION PROJECTS; ENGAGING AND PRESENTING AT THE CELEBRATE WHAT'S RIGHT LUNCHEONS; AND WORKING TO DEVELOP & ACTIVATE TOP TALENT TO MEMPHIS (OVER 3,000 PERSONS BENEFITED).
    Expenses $336,632 · revenue $398,195
  • THE FELLOWS PROGRAM IS A 10-MONTH ENGAGEMENT THAT GIVES HIGH-PERFORMING, MID-CAREER LEADERS THE TOOLS, EXPERIENCES AND CONNECTIONS NEEDED TO BECOME CHANGE AGENTS, INCLUSIVE LEADERS AND QUALIFIED CITY AMBASSADORS. CORE TO THE CURRICULUM IS THE DEVELOPMENT AND IMPLEMENTATION OF COMMUNITY ACTION PROJECTS (CAP) DESIGNED TO BUILD CAPACITY OF EXISTING NONPROFIT ORGANIZATIONS. THERE ARE ALMOST 200 CAPS THAT HAVE BEEN COMPLETED TO DATE. (1,100 PERSONS BENEFITED).
    Expenses $337,478 · revenue $82,600
  • EMBARK WAS DEVELOPED TO EQUIP PROMISING EARLY PROFESSIONALS WITH THE TRAINING TO SET A COURSE FOR THEIR CAREER AND THE OPPORTUNITY TO NETWORK WITH OTHERS READY TO MAKE A DIFFERENCE IN THE COMMUNITY (1,400 PERSONS BENEFITED).
    Expenses $288,721 · revenue $34,960
  • ALL OTHER REMAINING PROGRAM SERVICES
    Expenses $1,677,725 · revenue $91,420

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
58-1607228
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
1986
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,946,410
Income (IRS master file)
$3,443,816

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$3,443,816$2,964,423$5,946,410IRS
990December 2024$2,168,997$2,839,392$5,323,925XML
990December 2023$3,377,982$2,694,740$6,025,275XML
990December 2022$2,528,139$2,563,908$5,198,582IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 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 58-1607228).

Questions about NEW MEMPHIS INSTITUTE

What is the EIN of NEW MEMPHIS INSTITUTE?
The employer identification number (EIN) of NEW MEMPHIS INSTITUTE is 58-1607228.
Is NEW MEMPHIS INSTITUTE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
Are donations to NEW MEMPHIS INSTITUTE tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NEW MEMPHIS INSTITUTE 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 NEW MEMPHIS INSTITUTE 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 NEW MEMPHIS INSTITUTE 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 NEW MEMPHIS INSTITUTE?
The 990 for the year ended December 31, 2025 names ANNA MULLINS ELLIS.
Who are the officers and directors of NEW MEMPHIS INSTITUTE?
The 990 for the year ended December 31, 2025 lists 31 people; 4 received compensation from the organization, the highest $198,481 (ANNA MULLINS ELLIS, CEO).
How much revenue does NEW MEMPHIS INSTITUTE have?
On its 990 for the year ended December 31, 2025 it reported revenue of $3,443,816, expenses of $2,964,423 and total assets of $5,946,410 at year end.

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