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Nonprofit · EIN 62-1400107

MEMPHIS CHALLENGE INC

Tax-exempt · MEMPHIS, TN 38103

Financials

$310K$341K2023$358K$328K2024$375K$360K2025
Revenue Expenses · by fiscal year end
Financials of MEMPHIS CHALLENGE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$375,484$360,362$15,122$187,604$0$187,604
December 31, 2024990$357,898$328,468$29,430$172,482$0$172,482
December 31, 2023990$309,907$341,453-$31,546$143,052$0$143,052
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$373,194
Program service revenue
$2,290
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$2,000
Compensation of officers, directors and key employees
$129,529
Other salaries and wages
$121,681
Salaries, compensation and benefits (total)
$269,519
Professional fundraising fees
$0
Legal fees
$9,603
Accounting fees
$4,868
Occupancy
$10,267
Program services (functional)
$256,564
Management and general (functional)
$84,541
Fundraising (functional)
$19,257

Balance sheet and other

Total assets, start of year
$172,482
Total assets, end of year
$187,604
Total liabilities, end of year
$0
Net assets, end of year
$187,604
Gross receipts
$375,484
Employees
3
Volunteers
14
Year formed
1989
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
CASSANDRA WEBSTEREXECUTIVE DIRECTOR
Officer
30$115,752$16,153
CORIE RIVERSTREASURER
Trustee or director, Officer
4$0$0
DR ESMOND ARRINDELLCHAIRMAN
Trustee or director, Officer
2$0$0
JR HYDE IIIPRESIDENT
Trustee or director, Officer
2$0$0
WENDY SUMNER-WINTERSECRETARY
Trustee or director, Officer
2$0$0
BRYAN J BARRINGERDIRECTOR
Trustee or director
2$0$0
CATHY DEANDIRECTOR
Trustee or director
2$0$0
CHARLIE PLEAS IIIIDIRECTOR
Trustee or director
2$0$0
DONNA T SANDERSDIRECTOR
Trustee or director
2$0$0
DR OTIS ANDERSON IIIDIRECTOR
Trustee or director
2$0$0
DR RYCHETTA WATKINSDIRECTOR
Trustee or director
2$0$0
ELIZABETH GILLESPIEDIRECTOR
Trustee or director
2$0$0
JILL LOPEZDIRECTOR
Trustee or director
2$0$0
LANI D LESTERDIRECTOR
Trustee or director
2$0$0
PAMELA SHIELDSDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2024: 15 people
NameTitleHours / weekCompensationOther / benefits
CASSANDRA WEBSTEREXECUTIVE DIRECTOR
Officer
30$121,067$14,519
CORIE RIVERSTREASURER
Trustee or director, Officer
4$0$0
DR ESMOND ARRINDELLCHAIRMAN
Trustee or director, Officer
2$0$0
JR HYDE IIIPRESIDENT
Trustee or director, Officer
2$0$0
WENDY SUMNER-WINTERSECRETARY
Trustee or director, Officer
2$0$0
BRYAN J BARRINGERDIRECTOR
Trustee or director
2$0$0
CATHY DEANDIRECTOR
Trustee or director
2$0$0
CHARLIE PLEAS IIIIDIRECTOR
Trustee or director
2$0$0
DONNA T SANDERSDIRECTOR
Trustee or director
2$0$0
DR OTIS ANDERSON IIIDIRECTOR
Trustee or director
2$0$0
DR RYCHETTA WATKINSDIRECTOR
Trustee or director
2$0$0
ELIZABETH GILLESPIEDIRECTOR
Trustee or director
2$0$0
JILL LOPEZDIRECTOR
Trustee or director
2$0$0
LANI D LESTERDIRECTOR
Trustee or director
2$0$0
PAMELA SHIELDSDIRECTOR
Trustee or director
2$0$0
990 for the year ended December 31, 2023: 16 people
NameTitleHours / weekCompensation
CASSANDRA WEBSTEREXECUTIVE DIRECTOR
Officer
30$118,549
BRYAN J BARRINGERDIRECTOR
Trustee or director
2$0
CHARLIE PLEAS IIIIDIRECTOR
Trustee or director
2$0
CORIE RIVERSTREASURER
Trustee or director
4$0
DONNA T SANDERSDIRECTOR
Trustee or director
2$0
DR ESMOND ARRINDELLCHAIRMAN
Trustee or director
2$0
DR OTIS ANDERSON IIIDIRECTOR
Trustee or director
2$0
DR RYCHETTA WATKINSDIRECTOR
Trustee or director
2$0
DR XIANGEN HUDIRECTOR
Trustee or director
2$0
GABRIELLE DYCUSDIRECTOR
Trustee or director
2$0
JR HYDE IIIPRESIDENT
Trustee or director
2$0
LANI D LESTERDIRECTOR
Trustee or director
2$0
PAMELA SHIELDSDIRECTOR
Trustee or director
2$0
RUBY BRIGHTDIRECTOR
Trustee or director
2$0
WARREN RICHEYDIRECTOR
Trustee or director
2$0
WENDY SUMNER-WINTERSECRETARY
Trustee or director
2$0

Address and contacts

Address (IRS master file)
17 W PONTOTOC AVE STE 100, MEMPHIS, TN 38103-3826
In care of
% J R HYDE III
Principal officer (990 for 2025)
CASSANDRA WEBSTER, 17 West Pontotoc Avenue 100, Memphis, TN 38103
Signed the 990
Corie Rivers, Treasurer
Phone
(901) 685-5455
Return prepared by
Forvis Mazars LLP

Mission

THE GOAL OF MEMPHIS CHALLENGE IS TO ENSURE THE REGION'S MOST TALENTED MINORITY STUDENTS BRING THEIR EDUCATION, EXPERTISE, AND CONNECTIONS BACK TO MEMPHIS.

990 for the year ended December 31, 2025

Program accomplishments

  •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
    Expenses $256,444 · grants $2,000 · revenue $1,100
  • SOLE (SUMMER ONLINE LEARNING EXPERIENCE) IS A VIRTUAL MATH ACADEMY THAT IS OFFERED FOR STUDENTS IN GRADES 3-12 DURING THE SUMMER TO COMBAT SUMMER SLIDE (LEARNING LOSS). SOLE IS POWERED THRU ALEK SOFTWARE. MEMPHIS CHALLENGE OFFERS WEEKLY PARENT UPDATES AND IS BUILDING A COMMUNITY OF STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATH) ENTHUSIASTS (155 PERSONS BENEFITED).
    Expenses $120 · revenue $1,190

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
62-1400107
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
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$187,604
Income (IRS master file)
$375,484

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$375,484$360,362$187,604XML
990December 2024$357,898$328,468$172,482XML
990December 2023$309,907$341,453$143,052XML
990December 2022$312,432$343,244$175,598IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 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 62-1400107).

Questions about MEMPHIS CHALLENGE INC

What is the EIN of MEMPHIS CHALLENGE INC?
The employer identification number (EIN) of MEMPHIS CHALLENGE INC is 62-1400107.
Is MEMPHIS CHALLENGE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
Are donations to MEMPHIS CHALLENGE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MEMPHIS CHALLENGE INC 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 CHALLENGE 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 MEMPHIS CHALLENGE INC 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 MEMPHIS CHALLENGE INC?
The 990 for the year ended December 31, 2025 names CASSANDRA WEBSTER.
Who are the officers and directors of MEMPHIS CHALLENGE INC?
The 990 for the year ended December 31, 2025 lists 15 people; 1 received compensation from the organization, the highest $115,752 (CASSANDRA WEBSTER, EXECUTIVE DIRECTOR).
How much revenue does MEMPHIS CHALLENGE INC have?
On its 990 for the year ended December 31, 2025 it reported revenue of $375,484, expenses of $360,362 and total assets of $187,604 at year end.

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