Nonprofit · EIN 62-1469984
GRACE FOUNDATION OF MEMPHIS INC
Tax-exempt · MEMPHIS, TN 38119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| April 30, 2025 | 990-PF | $2,375,690 | $3,347,954 | -$972,264 | $30,924,954 | $0 | $30,924,954 |
| April 30, 2024 | 990-PF | $2,463,001 | $2,031,376 | $431,625 | $31,854,145 | $0 | $31,854,145 |
| April 30, 2023 | 990-PF | $476,406 | $2,349,852 | -$1,873,446 | $32,094,250 | $2,694 | $32,091,556 |
Financial details: 990-PF for the year ended April 30, 2025
Revenue
- Contributions, gifts and grants
- $180,971
- Dividends
- $1,723,856
- Net rental income
- -$12,013
- Net gain from sales of assets
- $353,642
- Other income
- $117,221
Expenses
- Grants and similar amounts paid
- $2,996,600
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $2,996,600
- Excise tax on investment income
- $25,362
Balance sheet and other
- Total assets, start of year
- $31,854,145
- Total assets, end of year
- $30,924,954
- Total liabilities, end of year
- $0
- Net assets, end of year
- $30,924,954
- Fair market value of assets
- $30,924,954
- Qualifying distributions
- $2,996,600
- Net investment income
- $2,133,284
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-PF for the year ended April 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARRY L SMITH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | CHAIRMAN OF THE BOARD | 1 | $0 |
| MARY ELIZABETH SMITH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | VICE CHAIRMAN OF THE BOARD | 1 | $0 |
| LESLIE JONES 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | SECRETARY/TREASURER | 1 | $0 |
| SHANA R SOUTH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | CHIEF FINANCIAL OFFICER | 1 | $0 |
| B REX JONES 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | PRESIDENT/CHIEF EXECUTIVE | 1 | $0 |
990-PF for the year ended April 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARRY L SMITH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | CHAIRMAN OF THE BOARD | 1 | $0 |
| MARY ELIZABETH SMITH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | VICE CHAIRMAN OF THE BOARD | 1 | $0 |
| LESLIE JONES 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | SECRETARY/TREASURER | 1 | $0 |
| SHANA R SOUTH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | CHIEF FINANCIAL OFFICER | 1 | $0 |
| B REX JONES 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | PRESIDENT/CHIEF EXECUTIVE | 1 | $0 |
990-PF for the year ended April 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HARRY L SMITH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | CHAIRMAN OF THE BOARD | 1 | $0 |
| MARY ELIZABETH SMITH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | VICE CHAIRMAN OF THE BOARD | 1 | $0 |
| LESLIE JONES 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | SECRETARY/TREASURER | 1 | $0 |
| SHANA R SOUTH 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | CHIEF FINANCIAL OFFICER | 1 | $0 |
| B REX JONES 6075 POPLAR AVENUE STE 130, MEMPHIS, TN 38119 | PRESIDENT/CHIEF EXECUTIVE | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 6075 POPLAR AVE STE 130, MEMPHIS, TN 38119-4702
- In care of
- % COMM FOUND OF GREATER MEMPHIS INC
- Signed the 990-PF
- SHANA R SOUTH, CFO
- Phone
- (901) 682-6201
- Return prepared by
- ASCENT ACCOUNTING & ADVISORY PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | April 30, 2026 | September 15, 2026 | Not on file |
| 2024 | April 30, 2025 | September 15, 2025 | 990-PF on file |
| 2023 | April 30, 2024 | September 16, 2024 | 990-PF on file |
IRS record
- EIN
- 62-1469984
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1992
- Accounting year ends
- April
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $30,924,954
- Income (IRS master file)
- $18,631,284
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | April 2025 | $2,375,690 | $3,347,954 | $30,924,954 | XML |
| 990-T | April 2025 | – | – | – | IRS |
| 990-PF | April 2024 | $2,463,001 | $2,031,376 | $31,854,145 | XML |
| 990-T | April 2024 | – | – | – | IRS |
| 990-PF | April 2023 | $476,406 | $2,349,852 | $32,094,250 | XML |
| 990-T | April 2023 | – | – | – | IRS |
| 990-PF | April 2022 | – | – | – | IRS |
| 990-T | April 2022 | – | – | – | IRS |
| 990-PF | April 2021 | – | – | – | IRS |
| 990-T | April 2021 | – | – | – | IRS |
| 990-PF | April 2020 | – | – | – | IRS |
| 990 | April 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 62-1469984).
Questions about GRACE FOUNDATION OF MEMPHIS INC
- What is the EIN of GRACE FOUNDATION OF MEMPHIS INC?
- The employer identification number (EIN) of GRACE FOUNDATION OF MEMPHIS INC is 62-1469984.
- Is GRACE FOUNDATION OF MEMPHIS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to GRACE FOUNDATION OF MEMPHIS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GRACE FOUNDATION OF MEMPHIS INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GRACE FOUNDATION OF MEMPHIS INC due?
- The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GRACE FOUNDATION OF MEMPHIS INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended April 2025.
- Who are the officers and directors of GRACE FOUNDATION OF MEMPHIS INC?
- The 990-PF for the year ended April 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does GRACE FOUNDATION OF MEMPHIS INC have?
- On its 990-PF for the year ended April 30, 2025 it reported revenue of $2,375,690, expenses of $3,347,954 and total assets of $30,924,954 at year end.
Other nonprofits in MEMPHIS
- COMMUNITY FOUNDATION OF GREATER MEMPHIS INC EIN 58-1723645 · last filed 990 for 2025
- CHRISTIAN COMMUNITY FOUNDATION OF MEMPHIS AND THE MID-SOUTH INC EIN 62-1752885 · last filed 990 for 2025
- FORMANEK FOUNDATION EIN 26-1565007 · last filed 990-PF for 2024
- MCENIRY FAMILY FOUNDATION EIN 93-4781807 · last filed 990-PF for 2023
- UNITED WAY OF THE MID-SOUTH EIN 56-1010742 · last filed 990 for 2025
- THE MARTIN FAMILY FOUNDATION INC EIN 83-1489207 · last filed 990 for 2025
- MCGEHEE FAMILY FOUNDATION EIN 62-1801291 · last filed 990-PF for 2024
- ASSISI FOUNDATION OF MEMPHIS INC EIN 62-1558722 · last filed 990-PF for 2024
All nonprofits in MEMPHIS · Tennessee · Philanthropy, voluntarism and grantmaking foundations