Nonprofit · EIN 88-3444325
CONTEMPORARY ARTS MEMPHIS
Tax-exempt · MEMPHIS, TN 38103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,779,848 | $1,278,518 | $501,330 | $2,131,226 | $545,809 | $1,585,417 |
| December 31, 2024 | 990 | $1,757,755 | $953,704 | $804,051 | $1,670,122 | $586,035 | $1,084,087 |
| December 31, 2023 | 990 | $902,448 | $685,433 | $217,015 | $287,236 | $15,618 | $271,618 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,762,285
- of which government grants
- $45,609
- Program service revenue
- $2,027
- Investment income
- $12,635
- Net rental income
- $200
- Net income from fundraising events
- $2,701
- Other revenue
- $2,901
Expenses
- Grants and similar amounts paid
- $4,810
- Compensation of officers, directors and key employees
- $143,594
- Other salaries and wages
- $258,726
- Salaries, compensation and benefits (total)
- $449,170
- Professional fundraising fees
- $0
- Accounting fees
- $63,764
- Occupancy
- $118,681
- Travel
- $254,773
- Depreciation
- $80,179
- Program services (functional)
- $964,654
- Management and general (functional)
- $148,985
- Fundraising (functional)
- $164,879
Balance sheet and other
- Total assets, start of year
- $1,670,122
- Total assets, end of year
- $2,131,226
- Total liabilities, end of year
- $545,809
- Net assets, end of year
- $1,585,417
- Land, buildings and equipment
- $526,950
- Net assets without donor restrictions
- $1,304,908
- Net assets with donor restrictions
- $280,509
- Gross receipts
- $1,791,863
- Employees
- 21
- Volunteers
- 0
- Year formed
- 2022
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEREK PATTERSON | EXECUTIVE DIRECTOR Officer | 40 | $88,462 | $8,867 |
| AMY KEITH | CFO Officer | 10 | $46,265 | $0 |
| LISA OPOKU | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| LIA FORDJOUR | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| EDWARD STANTON III | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ISAAC FORDJOUR | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEREK FORDJOUR | DIRECTOR Trustee or director | 5 | $0 | $0 |
| YASHUA KLOS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN COHEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN KENNEDY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MANON SLOME | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK PATTERSON | EXECUTIVE DIRECTOR Officer | 10 | $77,746 |
| CHRISTY GILMOUR | CSO Officer | 10 | $69,715 |
| AMY KEITH | CFO Officer | 10 | $8,156 |
| BRIAN COHEN | DIRECTOR Trustee or director | 1 | $0 |
| DEREK FORDJOUR | DIRECTOR Trustee or director | 5 | $0 |
| ISAAC FORDJOUR | DIRECTOR Trustee or director | 1 | $0 |
| LIA FORDJOUR | TREASURER Trustee or director, Officer | 1 | $0 |
| LAUREN KENNEDY | DIRECTOR Trustee or director | 1 | $0 |
| YASHUA KLOS | DIRECTOR Trustee or director | 1 | $0 |
| LISA OPOKU | PRESIDENT Trustee or director, Officer | 1 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 |
| MANON SLOME | DIRECTOR Trustee or director | 1 | $0 |
| ED STANTON III | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTY GILMOUR | CSO Trustee or director, Officer | 10 | $52,810 |
| LESLIE BOULDIN | CFO Officer | 10 | $28,938 |
| BRIAN COHEN | DIRECTOR Trustee or director | 1 | $0 |
| DEREK FORDJOUR | DIRECTOR Trustee or director | 5 | $0 |
| ISAAC FORDJOUR | DIRECTOR Trustee or director | 1 | $0 |
| LIA FORDJOUR | TREASURER Trustee or director, Officer | 1 | $0 |
| LAUREN KENNEDY | DIRECTOR Trustee or director | 1 | $0 |
| YASHUA KLOS | DIRECTOR Trustee or director | 1 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 |
| MANON SLOME | DIRECTOR Trustee or director | 1 | $0 |
| ED STANTON III | SECRETARY Trustee or director, Officer | 1 | $0 |
| LISA OPOKU | PRESIDENT Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 652 MARSHALL AVE, MEMPHIS, TN 38103-3315
- Principal officer (990 for 2025)
- AMY KEITH, 652 MARSHALL AVENUE, MEMPHIS, TN 38103
- Signed the 990
- AMY KEITH, CHIEF FINANCIAL OFFICER
- Phone
- (901) 210-0116
- Return prepared by
- LBMC PC
Mission
THE ORGANIZATION'S MISSION IS TO PROVIDE EDUCATION IN THE ARTS TO YOUNG ADULTS AND TO SUPPORT ARTISTS GENERALLY, PARTICULARLY THOSE FROM AN UNDERPRIVELEGED OR LOW-INCOME BACKGROUND OR WHO WOULD OTHERWISE FACE HARDSHIP OR BARRIERS TO ENTRY IN PURSUING ART AND ART EDUCATION OR IN ENTERING THE ART WORLD.
Program accomplishments
- WE PROVIDE STUDIO SPACE, ART SUPPLIES, INSTRUCTION, TRAVEL OPPORTUNITIES, COLLEGE SUPPORT, AND MENTORSHIP AT NO COST TO OUR PARTICIPANTS.OUR STUDIO IS LOCATED IN THE ARTS CORRIDOR OF MADISON AVENUE IN THE MEMPHIS MEDICAL DISTRICT. THE BUILDING IS HOME TO A STUDENT EXHIBITION GALLERY, PAINTING STUDIO, SCULPTURE STUDIO, A COMPREHENSIVE ART REFERENCE LIBRARY, AND COMPUTER LAB SPACE FOR COLLEGE APPLICATIONS. THE UPSTAIRS STUDIO FEATURES STATE-OF-THE-ART LIGHTING OPTIMIZED FOR PAINTING AND DRAWING. THE DOWNSTAIRS SCULPTURE STUDIO IS EQUIPPED WITH A KILN, CERAMIC WHEELS, AND WOODWORKING EQUIPMENT. OUR SPACE IS SAFE, HOSPITABLE, AND THOUGHTFULLY CURATED TO PROMOTE LEARNING AND FOSTER COMMUNITY.WHAT BEGAN IN 2020 AS A FOUR-WEEK SUMMER EXPERIENCE FOR 25 HIGH SCHOOL STUDENTS HAS NOW GROWN INTO AN ONGOING, YEAR-ROUND PROGRAM WITH SEVERAL PROGRAMMATIC COMPONENTS, INCLUDING OUR SUMMER FELLOWSHIP PROGRAM, TEEN ART LAB, AND ARTIST MENTORING PROGRAMS. IN ADDITION, CAM FELLOWS TRAVEL TO NEW YORK CITY EACH SUMMER FOR ONE WEEK. EACH SPRING, ELIGIBLE SENIORS EMBARK ON A SPRING BREAK TRIP.OUR PROGRAM NURTURES THE TALENT OF YOUNG VISUAL ARTISTS THROUGH EQUITABLE ACCESS AND EXPOSURE TO THE PROFESSIONAL WORLD OF THE VISUAL ARTS. OUR UNIQUE PROFESSIONAL AND EDUCATIONAL PROGRAMS HELP STUDENTS DEVELOP THEIR PERCEPTION OF CAREER PATHWAYS IN THE ARTS. WE WORK CLOSELY WITH LOCAL VISUAL ARTISTS, MUSEUMS, AND GALLERIES WITH THE AIM OF CONTRIBUTING MEANINGFULLY TO THE BURGEONING ARTS SCENE IN MEMPHIS.Expenses $964,654 · grants $4,810 · revenue $2,227
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 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
- 88-3444325
- 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
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A25)
- Assets (IRS master file)
- $2,131,226
- Income (IRS master file)
- $1,791,863
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,779,848 | $1,278,518 | $2,131,226 | XML |
| 990 | December 2024 | $1,757,755 | $953,704 | $1,670,122 | XML |
| 990 | December 2023 | $902,448 | $685,433 | $287,236 | XML |
| 990-EZ | December 2022 | – | – | – | 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 88-3444325).
Questions about CONTEMPORARY ARTS MEMPHIS
- What is the EIN of CONTEMPORARY ARTS MEMPHIS?
- The employer identification number (EIN) of CONTEMPORARY ARTS MEMPHIS is 88-3444325.
- Is CONTEMPORARY ARTS MEMPHIS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to CONTEMPORARY ARTS MEMPHIS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONTEMPORARY ARTS 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 CONTEMPORARY ARTS MEMPHIS 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 CONTEMPORARY ARTS MEMPHIS 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 CONTEMPORARY ARTS MEMPHIS?
- The 990 for the year ended December 31, 2025 names AMY KEITH.
- Who are the officers and directors of CONTEMPORARY ARTS MEMPHIS?
- The 990 for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $88,462 (DEREK PATTERSON, EXECUTIVE DIRECTOR).
- How much revenue does CONTEMPORARY ARTS MEMPHIS have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,779,848, expenses of $1,278,518 and total assets of $2,131,226 at year end.
Other nonprofits in MEMPHIS
- MEMPHIS BROOKS MUSEUM OF ART INC EIN 62-6063304 · last filed 990 for 2025
- LORRAINE CIVIL RIGHTS MUSEUM FOUNDATION EIN 58-1484027 · last filed 990 for 2025
- DIXON GALLERY AND GARDENS EIN 62-0943809 · last filed 990 for 2024
- NATIONAL ORNAMENTAL METAL MUSEUM INC EIN 62-1066198 · last filed 990 for 2025
- MEMPHIS FOURTH ESTATE INC EIN 82-5339555 · last filed 990 for 2025
- MEMPHIS MUSEUMS INC EIN 62-0801926 · last filed 990 for 2025
- CROSSTOWN ARTS EIN 27-1876711 · last filed 990 for 2025
- MEMPHIS SYMPHONY ORCHESTRA INC EIN 62-6015885 · last filed 990 for 2025
All nonprofits in MEMPHIS · Tennessee · Arts, culture and humanities