Nonprofit · EIN 62-1862666
MEMPHIS INVESTORS GROUP INC
Tax-exempt · MEMPHIS, TN 38117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $101,507 | $132,770 | -$31,263 | $159,141 | $569 | $158,572 |
| December 31, 2024 | 990-EZ | $110,286 | $144,489 | -$34,203 | $192,398 | $2,563 | $189,835 |
| December 31, 2023 | 990-EZ | $122,296 | $145,749 | -$23,453 | $227,385 | $3,347 | $224,038 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Membership dues
- $57,962
- Program service revenue
- $33,080
- Investment income
- $5,515
- Net income from sales of inventory
- $4,950
Expenses
- Grants and similar amounts paid
- $5,000
- Compensation of officers, directors and key employees
- $60,655
- Salaries, compensation and benefits (total)
- $60,655
- Professional fees and payments to contractors
- $14,100
- Occupancy
- $25,426
- Printing, publications and postage
- $257
- Other expenses
- $27,332
Balance sheet and other
- Total assets, start of year
- $192,398
- Total assets, end of year
- $159,141
- Total liabilities, end of year
- $569
- Net assets, end of year
- $158,572
- Cash, savings and investments
- $158,817
- Gross receipts
- $107,118
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Saunders | Operations Manager | 40 | $60,655 |
| David Hutson | Past President | 4 | $0 |
| Foti Karastamatis | President | 10 | $0 |
| Walter Jones | Board Member | 4 | $0 |
| Fong Lum | Board Member | 4 | $0 |
| Ally Brents | Secretary | 5 | $0 |
| Dustin Asher | Vice President | 5 | $0 |
| Jim Trimble | Board Member | 4 | $0 |
| Kevin McDonell | Treasurer | 5 | $0 |
| Trevor Day | Board Member | 4 | $0 |
| Kathy Sawyer | Board Member | 4 | $0 |
990-EZ for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Saunders | Operations Manager | 40 | $60,850 |
| Matthew Cates | Board Member | 4 | $0 |
| David Hutson | Past President | 4 | $0 |
| Foti Karastamatis | President | 10 | $0 |
| Walter Jones | Board Member | 4 | $0 |
| Fong Lum | Board Member | 4 | $0 |
| Joseph T Kirkland Jr | Secretary | 5 | $0 |
| Dustin Asher | Vice President | 5 | $0 |
| Antonia Emmert | Board Member | 4 | $0 |
| Kevin McDonell | Treasurer | 5 | $0 |
| Trevor Day | Board Member | 4 | $0 |
990-EZ for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Linda Saunders | Operations Manager | 40 | $60,000 |
| Matthew Cates | Past President | 4 | $0 |
| David Hutson | President | 10 | $0 |
| Foti Karastamatis | Treasurer | 5 | $0 |
| Kathy Sawyer | Secretary | 5 | $0 |
| Jim Trimble | Board Member | 4 | $0 |
| Joseph T Kirkland Jr | Vice President | 5 | $0 |
| Dustin Asher | Board Member | 4 | $0 |
| Antonia Emmert | Board Member | 4 | $0 |
| Robert Burge | Board Member | 4 | $0 |
| Trevor Day | Board Member | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 4728 SPOTTSWOOD AVE 289, MEMPHIS, TN 38117-4817
- In care of
- % FOTI KARASTAMATIS
- Signed the 990-EZ
- FOTI KARASTAMATIS, President
- Phone
- (901) 300-6577
- Return prepared by
- Matt Weaver CPA
Mission
See Schedule O
Program accomplishments
- See Schedule O
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 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 62-1862666
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $159,141
- Income (IRS master file)
- $107,118
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $101,507 | $132,770 | $159,141 | XML |
| 990-EZ | December 2024 | $110,286 | $144,489 | $192,398 | XML |
| 990-EZ | December 2023 | $122,296 | $145,749 | $227,385 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 62-1862666).
Questions about MEMPHIS INVESTORS GROUP INC
- What is the EIN of MEMPHIS INVESTORS GROUP INC?
- The employer identification number (EIN) of MEMPHIS INVESTORS GROUP INC is 62-1862666.
- Is MEMPHIS INVESTORS GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to MEMPHIS INVESTORS GROUP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MEMPHIS INVESTORS GROUP 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 INVESTORS GROUP 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 INVESTORS GROUP INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of MEMPHIS INVESTORS GROUP INC?
- The 990-EZ for the year ended December 31, 2025 lists 11 people; 1 received compensation from the organization, the highest $60,655 (Linda Saunders, Operations Manager).
- How much revenue does MEMPHIS INVESTORS GROUP INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $101,507, expenses of $132,770 and total assets of $159,141 at year end.
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- MEMPHIS RIVER PARKS PARTNERSHIP INC EIN 62-1811726 · last filed 990 for 2025
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- HICKORY RIDGE MALL CD CORPORATION EIN 27-2018242 · last filed 990 for 2024
- VIBRANT MEMPHIS INC EIN 82-0904035 · last filed 990 for 2024
- RIVER CITY CAPITAL INVESTMENT CORP EIN 27-3941432 · last filed 990 for 2025
- PCAMS HOLDINGS EIN 82-2224570 · last filed 990 for 2025
All nonprofits in MEMPHIS · Tennessee · Community improvement and capacity building