Nonprofit · EIN 62-1778254
ADVANCE MEMPHIS
Tax-exempt · MEMPHIS, TN 38101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,379,102 | $2,311,410 | $67,692 | $2,959,815 | $113,520 | $2,846,295 |
| December 31, 2023 | 990 | $2,690,042 | $2,786,013 | -$95,971 | $2,904,358 | $125,755 | $2,778,603 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,366,749
- of which government grants
- $6,000
- Program service revenue
- $801,697
- Investment income
- -$660
- Net rental income
- $211,316
- Net gain from sales of assets
- -$757
- Other revenue
- $211,316
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $148,912
- Other salaries and wages
- $1,204,128
- Salaries, compensation and benefits (total)
- $1,614,660
- Professional fundraising fees
- $0
- Travel
- $4,012
- Depreciation
- $120,185
- Program services (functional)
- $1,742,954
- Management and general (functional)
- $380,397
- Fundraising (functional)
- $188,059
Balance sheet and other
- Total assets, start of year
- $2,904,358
- Total assets, end of year
- $2,959,815
- Total liabilities, end of year
- $113,520
- Net assets, end of year
- $2,846,295
- Land, buildings and equipment
- $2,263,078
- Net assets without donor restrictions
- $2,654,045
- Net assets with donor restrictions
- $192,250
- Gross receipts
- $2,379,859
- Employees
- 107
- Volunteers
- 213
- Year formed
- 1999
- 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 |
|---|---|---|---|---|
| STEPHEN NASH | EXECUTIVE DIRECTOR Officer | 40 | $148,912 | $4,268 |
| FRED HOLMES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS SANTIROJPRAPAI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JESSICA HART | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE KREBS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HUNTER ACOSTA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEANNE SCULL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAN BUTLER | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN NASH | EXECUTIVE DIRECTOR Officer | 40 | $134,082 |
| FRED HOLMES | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS SANTIROJPRAPAI | DIRECTOR Trustee or director | 1 | $0 |
| JESSICA HART | DIRECTOR Trustee or director | 1 | $0 |
| KYLE KREBS | DIRECTOR Trustee or director | 1 | $0 |
| HUNTER ACOSTA | DIRECTOR Trustee or director | 1 | $0 |
| LEANNE SCULL | DIRECTOR Trustee or director | 1 | $0 |
| DAN BUTLER | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 2201, MEMPHIS, TN 38101-2201
- Principal officer (990 for 2024)
- STEPHEN T NASH, PO BOX 2201, MEMPHIS, TN 38101
- Signed the 990
- STEPHEN T NASH, EXECUTIVE DIRECTOR
- Phone
- (901) 543-8525
- Website
- WWW.ADVANCEMEMPHIS.ORG
- Return prepared by
- LBMC PC
Mission
TO EMPOWER ADULTS IN SOUTH MEMPHIS TO BREAK CYCLES OF UNEMPLOYMENT, ESTABLISH ECONOMIC STABILITY, RECONCILE RELATIONSHIPS, AND RESTORE DIGNITY THROUGH KNOWLEDGE, RESOURCES, AND SKILLS BY THE POWER OF JESUS CHRIST.
Program accomplishments
- WORK LIFE - PARTICIPANTS ATTEND A 6 WEEK SOFT SKILLS JOB TRAINING CLASS TO ASSIST THEM IN PREPARING AND SEARCHING FOR, OBTAINING AND MAINTAINING MEANINGFUL EMPLOYMENT, HELPING 118 PEOPLE FIND JOBS IN THE COMMUNITY IN 2024. THE PROGRAM ALSO INCLUDES FINANCIAL MANAGEMENT CURRICULUM AS WELL AS A COMPUTER LITERACY COURSE.Expenses $837,703
- STAFFING SERVICE PROGRAM - GRADUATES OF THE ORGANIZATION'S JOBS FOR LIFE PROGRAM ARE ELIGILBLE TO PARTICIPATE AS AN EMPLOYEE IN THE STAFFING SERVICE PROGRAM, AS THESE INDIVIDUALS LOOK TO BUILD UPON THE LESSONS AND SKILLS LEARNED DURING THE JOBS FOR LIFE PROGRAM. PARTICIPANTS OF THE ADVANCE MEMPHIS STAFFING SERVICE PROGRAM ARE PLACED WITH AREA BUSINESSES ON A TEMPORARY BASIS.Expenses $905,251 · revenue $358,342
- OUTSOURCING PROGRAM - THE ORGANIZATION PROVIDES GRADUATES OF THE JOBS FOR LIFE PROGRAM WITH OPPORTUNITIES FOR ON-THE-JOB APPLICATION OF THE SKILLS AND CONCEPTS LEARNED IN JOBS FOR LIFE.revenue $443,355
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
- 62-1778254
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B822)
- Assets (IRS master file)
- $2,959,815
- Income (IRS master file)
- $2,379,859
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,379,102 | $2,311,410 | $2,959,815 | XML |
| 990 | December 2023 | $2,690,042 | $2,786,013 | $2,904,358 | XML |
| 990 | December 2022 | $2,864,991 | $2,366,500 | $2,989,548 | 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 62-1778254).
Questions about ADVANCE MEMPHIS
- What is the EIN of ADVANCE MEMPHIS?
- The employer identification number (EIN) of ADVANCE MEMPHIS is 62-1778254.
- Is ADVANCE MEMPHIS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to ADVANCE MEMPHIS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ADVANCE MEMPHIS 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 ADVANCE MEMPHIS 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 ADVANCE MEMPHIS 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 ADVANCE MEMPHIS?
- The 990 for the year ended December 31, 2024 names STEPHEN T NASH.
- Who are the officers and directors of ADVANCE MEMPHIS?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $148,912 (STEPHEN NASH, EXECUTIVE DIRECTOR).
- How much revenue does ADVANCE MEMPHIS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,379,102, expenses of $2,311,410 and total assets of $2,959,815 at year end.
Other nonprofits in MEMPHIS
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- RHODES COLLEGE EIN 62-0476301 · last filed 990 for 2025
- CHRISTIAN BROTHERS UNIVERSITY EIN 62-0476666 · last filed 990 for 2025
- UNIVERSITY OF MEMPHIS FOUNDATION EIN 62-6048540 · last filed 990 for 2025
- GESTALT COMMUNITY SCHOOLS EIN 26-2794676 · last filed 990 for 2025
- BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES INC EIN 62-1599670 · last filed 990 for 2025
- IOTA COMMUNITY SCHOOLS EIN 47-0970499 · last filed 990 for 2025
- HUTCHISON SCHOOL EIN 62-0540400 · last filed 990 for 2025