Nonprofit · EIN 62-0291250
MEMPHIS AREA CHAMBER OF COMMERCE
Also known as MEMPHIS REGIONAL CHAMBER
Tax-exempt · MEMPHIS, TN 38101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,808,798 | $10,535,908 | $272,890 | $7,274,331 | $4,696,551 | $2,577,780 |
| December 31, 2023 | 990 | $8,305,030 | $8,607,830 | -$302,800 | $6,347,879 | $4,118,121 | $2,229,758 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $9,532,787
- Membership dues
- $3,385,219
- Program service revenue
- $1,133,183
- Investment income
- $46,969
- Net rental income
- $16,375
- Other revenue
- $95,859
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $5,854,830
- Salaries, compensation and benefits (total)
- $7,177,833
- Professional fundraising fees
- $0
- Legal fees
- $82,687
- Accounting fees
- $42,000
- Occupancy
- $384,160
- Travel
- $169,042
- Depreciation
- $93,774
Balance sheet and other
- Total assets, start of year
- $6,347,879
- Total assets, end of year
- $7,274,331
- Total liabilities, end of year
- $4,696,551
- Net assets, end of year
- $2,577,780
- Land, buildings and equipment
- $494,526
- Publicly traded securities
- $1,334,197
- Net assets without donor restrictions
- $2,577,780
- Gross receipts
- $10,808,798
- Employees
- 67
- Volunteers
- 100
- Year formed
- 1906
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JAMES TOWNSEND III | PRESIDENT AND CEO Officer | 40 | $671,801 | $49,812 |
| NANCY COFFEE | SR. VP OF CHAIRMAN CIRCLE Highest-paid employee | 40 | $515,422 | $57,731 |
| TROY PARKES | DIRECTOR OF BUSINESS DEVEL Highest-paid employee | 40 | $436,312 | $57,010 |
| TED FERRIS | SR. VP AND CAO Key employee | 40 | $295,127 | $47,227 |
| AMANDA DANIELS | SR. VP COMMUNICATION & PRO Highest-paid employee | 40 | $301,338 | $28,862 |
| BOBBY WHITE | CHIEF PUBLIC POLICY Highest-paid employee | 40 | $281,709 | $47,449 |
| GWYN FISHER | ECONOMIC DEVDELOPMENT CHIE Highest-paid employee | 40 | $236,925 | $30,623 |
| AMITY SCHUYLER | SVP WORKFORCE DEVELOPMENT Highest-paid employee | 40 | $223,771 | $29,850 |
| DEQUANDA SMITH | SPONSORSHIP SALES Highest-paid employee | 40 | $177,693 | $36,460 |
| SONDRA Y WILLIS-HOWELL | VP TALENT DEVELOPMENT Highest-paid employee | 40 | $159,912 | $30,136 |
| TECORA MURRAY | EXECUTIVE DIRECTOR OF GMER Highest-paid employee | 40 | $151,446 | $33,796 |
| ROBERT RECKER | PRESIDENT OF CBI Highest-paid employee | 40 | $152,524 | $30,201 |
| CHRISTOPHER STEWART | VP OF FINANCE Highest-paid employee | 40 | $141,479 | $32,192 |
| SUSAN MAYNOR | VP OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $139,916 | $20,810 |
| BLAKE PAYNE | MEMBERSHIP- SALES Highest-paid employee | 40 | $140,906 | $14,639 |
38 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AMBER COVINGTON | DIRECTOR OF WORKFORCE DEVELOPMENT Highest-paid employee | 40 | $126,548 | $11,686 |
| LISA LOVELL-AYRES | DIRECTOR OF CC ENGAGEMENT Highest-paid employee | 40 | $121,423 | $13,156 |
| DIAMOND YOUNG | DIRECTOR OF MARKETING Highest-paid employee | 40 | $114,509 | $10,321 |
| DOUG BROWNE | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GREG DUCKETT | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| RUSSELL NENON | FINANCE CHAIR & TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DUNCAN WILLIAMS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JASON YARBRO | SECRETARY AND GENERAL COUNCIL Trustee or director, Officer | 1 | $0 | $0 |
| IMAD ABDULLAH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BEN ADAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TERRY BLUE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOZELLE BOOKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYRONE BURROUGHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CRISTAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL DUNAVANT III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG GAFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON GILLUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIE GREGORY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN KANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAPHNE LARGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON LITTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TAMMY LOCASCIO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEELY MALLORY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID MAY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACY MCCALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG MCGOWEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TOM NEWBERN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SCARBROUGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RICHARD SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA TAVEAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAIR TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHUCK THOMAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL UGWUEKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID WADDELL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN WEBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SPENCE WILSON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KERA WRIGHT | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 52 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NANCY COFFEE | SR. VP OF CHAIRMAN CIRCLE Highest-paid employee | 40 | $428,205 | $58,958 |
| JAMES TOWNSEND III | PRESIDENT AND CEO Officer | 40 | $325,812 | $48,815 |
| TED FERRIS | SR. VP AND CAO Key employee | 40 | $236,159 | $40,074 |
| AMITY SCHUYLER | SVP WORKFORCE DEVELOPMENT Highest-paid employee | 40 | $210,856 | $26,802 |
| GWYN FISHER | ECONOMIC DEVDELOPMENT CHIEF Highest-paid employee | 40 | $198,362 | $21,311 |
| BOBBY WHITE | CHIEF PUBLIC POLICY Highest-paid employee | 40 | $175,072 | $34,225 |
| AMANDA DANIELS | SR. VP COMMUNICATION & PROGRAMMING Highest-paid employee | 40 | $187,079 | $18,222 |
| DEQUANDA SMITH | SPONSORSHIP SALES Highest-paid employee | 40 | $164,908 | $33,543 |
| ROBERT RECKER | PRESIDENT OF CBI Highest-paid employee | 40 | $153,637 | $27,954 |
| TECORA MURRAY | EXECUTIVE DIRECTOR OF GMERGE Highest-paid employee | 40 | $138,354 | $28,246 |
| SUSAN MAYNOR | VP OF ECONOMIC DEVELOPMENT Highest-paid employee | 40 | $133,533 | $19,175 |
| LELAND BURRESS | MEMBERSHIP- SALES Highest-paid employee | 40 | $119,598 | $28,102 |
| SONDRA Y WILLIS-HOWELL | VP TALENT DEVELOPMENT Highest-paid employee | 40 | $118,245 | $24,400 |
| CHRISTOPHER STEWART | VP OF FINANCE Highest-paid employee | 40 | $103,609 | $26,594 |
| VERA TERRELL | MEMBERSHIP- SALES Highest-paid employee | 40 | $109,725 | $17,310 |
| LISA LOVELL-AYRES | DIRECTOR OF CC ENGAGEMENT Highest-paid employee | 40 | $111,055 | $11,542 |
| BLAKE PAYNE | MEMBERSHIP- SALES Highest-paid employee | 40 | $110,726 | $11,590 |
| TROY PARKES | DIRECTOR OF BUSINESS DEVELOPMENT Highest-paid employee | 40 | $108,512 | $11,561 |
| DIAMOND YOUNG | DIRECTOR OF MARKETING Highest-paid employee | 40 | $100,185 | $8,969 |
| DOUG BROWNE | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| WILLIE GREGORY | PAST CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| GREG DUCKETT | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DUNCAN WILLIAMS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JASON YARBRO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DAVID WADDELL | FINANCE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BEN ADAMS | EXECUTIVE COMMITTEE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| TAMMY LOCASCIO | EXECUTIVE COMMITTEE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MAY | EXECUTIVE COMMITTEE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| TOM NEWBERN | EXECUTIVE COMMITTEE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD SMITH | EXECUTIVE COMMITTEE MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| JOZELLE BOOKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SCOTT BROCKMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ERIC BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYRONE BURROUGHS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL CRISTAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BILL DUNAVANT III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CRAIG GAFFIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON GILLUM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TRACY HALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEVIN KANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAPHNE LARGE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JASON LITTLE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| NEELY MALLORY III | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACY MCCALL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DOUG MCGOWEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RUSSELL NENON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL SCARBROUGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA TAVEAU | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BLAIR TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHAEL UGWUEKE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN WEBB | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SPENCE WILSON JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 224, MEMPHIS, TN 38101-0224
- In care of
- % MEMP
- Principal officer (990 for 2024)
- TED FERRIS, 100 PEABODY PLACE 1000, MEMPHIS, TN 38103
- Signed the 990
- TED FERRIS, SENIOR VP AND CAO
- Phone
- (901) 543-3535
- Website
- WWW.MEMPHISCHAMBER.COM
- Return prepared by
- WATKINS UIBERALL PLLC
Mission
TO SERVE OUR MEMBERS AND PARTNERS BY IMPROVING THE QUALITY OF LIFE THROUGH REGIONAL ECONOMIC PROSPERITY.
Program accomplishments
- ECONOMIC DEVELOPMENT OF THE STANDARD METROPOLITAN STATISTICAL AREA FOCUSING ON SHELBY COUNTY, TN. SERVICE TO THE GENERAL BUSINESS COMMUNITY TO DEVELOP A STRONG ECONOMIC CLIMATE FOR THE AREA SERVICED.
- MARKETING THE BUSINESS ATTRIBUTES OF THE SERVICE AREA.
- SUPPORTING NEEDS OF SPECIFIC SPECIAL PROJECTS THAT ENHANCE THE ECONOMIC COMMUNITY.
- DEVELOPMENT AND IMPLEMENTATION OF LONG RANGE ECONOMIC STRATEGIES
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-0291250
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $7,274,331
- Income (IRS master file)
- $10,808,798
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,808,798 | $10,535,908 | $7,274,331 | IRS |
| 990 | December 2023 | $8,305,030 | $8,607,830 | $6,347,879 | XML |
| 990 | December 2022 | $7,361,900 | $7,646,197 | $6,703,559 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 62-0291250).
Questions about MEMPHIS AREA CHAMBER OF COMMERCE
- What is the EIN of MEMPHIS AREA CHAMBER OF COMMERCE?
- The employer identification number (EIN) of MEMPHIS AREA CHAMBER OF COMMERCE is 62-0291250.
- Is MEMPHIS AREA CHAMBER OF COMMERCE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1944.
- Are donations to MEMPHIS AREA CHAMBER OF COMMERCE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMPHIS AREA CHAMBER OF COMMERCE 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 MEMPHIS AREA CHAMBER OF COMMERCE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMPHIS AREA CHAMBER OF COMMERCE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MEMPHIS AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 names TED FERRIS.
- Who are the officers and directors of MEMPHIS AREA CHAMBER OF COMMERCE?
- The 990 for the year ended December 31, 2024 lists 53 people; 18 received compensation from the organization, the highest $671,801 (JAMES TOWNSEND III, PRESIDENT AND CEO).
- How much revenue does MEMPHIS AREA CHAMBER OF COMMERCE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,808,798, expenses of $10,535,908 and total assets of $7,274,331 at year end.
Other nonprofits in MEMPHIS
- AMERICAN LEBANESE SYRIAN ASSOC CHAR INC EIN 35-1044585 · last filed 990 for 2025
- ST JUDE CHILDRENS RESEARCH HOSPITAL INC EIN 62-0646012 · last filed 990 for 2025
- METHODIST HEALTHCARE-MEMPHIS EIN 62-0479367 · last filed 990 for 2024
- BAPTIST MEMORIAL HOSPITAL EIN 62-0123940 · last filed 990 for 2025
- SHELBY COUNTY HEALTH CARE CORPORATION EIN 62-1113169 · last filed 990 for 2025
- METHODIST LEBONHEUR HEALTHCARE EIN 58-1454711 · last filed 990 for 2024
- BAPTIST MEMORIAL HEALTH CARE CORPORATION EIN 58-1521475 · last filed 990 for 2025
- DUCKS UNLIMITED INC EIN 13-5643799 · last filed 990 for 2025