MEMNOSYNE INSTITUTE INC

EIN: 204064644 501(c)(3) Education

DALLAS, TX

Total Revenue
$694,175
Total Expenses
$626,333
Total Assets
$142,974
Net Assets
$96,899
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
PHILLIP COLLINS
Phone
2142398112
Tax Period
2023-01-01 to 2023-12-31

MEMNOSYNE INSTITUTE INC, founded in 2006, is a small nonprofit in the Education sector that reported $694K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $626K left a modest 10% surplus.

Mission

TO HELP THE DIVERSE PEOPLE OF THE WORLD CONSCIOUSLY ENCOURAGE AN EVOLUTIONFOR THEMSELVES AND FOR FUTURE GENERATIONS BY PROVIDING HUMANITY WITH THEMEANS TO ENCOURAGE POSITIVE, PEACEFUL GLOBAL COLLABORATION IN SEVEN MAINAREAS OF KNOWLEDGE.

Program Service Accomplishments

Program 1
Expenses: $39,251

ONGOING PROGRAMS FOR BUILDING CULTURAL CENTERS FOR INDIGENOUS PEOPLE OF MEXICO FOR THE PRESERVATION OF THEIR ARTS, CULTURE, MEDICINES, AND HERITAGE, SPECIFICALLY FOR MAYA NEAR CARRILLO PUERTO MEXICO...

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ONGOING PROGRAMS FOR BUILDING CULTURAL CENTERS FOR INDIGENOUS PEOPLE OF MEXICO FOR THE PRESERVATION OF THEIR ARTS, CULTURE, MEDICINES, AND HERITAGE, SPECIFICALLY FOR MAYA NEAR CARRILLO PUERTO MEXICO AND TOLTEC AROUND TEOTIHUACAN MEXICO. $1,000 WAS SENT DIRECTLY TO RAXALAJ THE MAYAN CULTURAL CENTER FOR SUPPORT. ONE PROJECT WAS CARRIED OUT FOR THE LOCAL INDIGENOUS YOUTH FOR A COST OF $3,330. A DEPOSIT FOR THE DECEMBER 2022 PROGRAM WAS REFUNDED BY THE CITY OF DALLAS. THE DIRECTOR FOR INDIGENOUS CULTURES WAS PAID $34,907 PLUS EXPENSE REIMBURSEMENTS OF $554. REVENUES FOR THE INDIGENOUS CULTURES PROGRAMS WERE IN THE AMOUNT OF $5,213.

Program 2
Expenses: $102,912 Revenue: $1,357

MAINTAINED WEBSITE THAT SERVES AS A RESOURCE CENTER FOR PROVIDERS AND USERS OF ENVIRONMENTALLY SUSTAINABLE PRACTICES, PRODUCTS, AND SERVICES THROUGH PROGRAM NAMED GREENSOURCEDFW. WEBSITE HAS BLOGS...

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MAINTAINED WEBSITE THAT SERVES AS A RESOURCE CENTER FOR PROVIDERS AND USERS OF ENVIRONMENTALLY SUSTAINABLE PRACTICES, PRODUCTS, AND SERVICES THROUGH PROGRAM NAMED GREENSOURCEDFW. WEBSITE HAS BLOGS, ARTICLES, WEEKLY NEWSLETTER, ARTICLES WRITTEN BY FREELANCE WRITERS, AND ADS FOR VARIOUS VENDORS OF ENVIRONMENTAL PRODUCTS AND SERVICES; IT IS AN ONLINE EXCHANGE PORTAL FOR THE ENVIRONMENTALLY CONSCIOUS COMMUNITY. THE EARTH DAY PROGRAMS RESUMED LIVE, IN PERSON PROJECTS IN 2023. STAFFING EXPENSES FOR THE CENTER FOR ENVIRONMENT INCLUDED: DIRECTOR OF ENVIRONMENTAL CENTER $30,000, EDITING MANAGER OF THE WEBSITE ONLINE ACTIVITIES $44,000, FREELANCE WRITERS AND BLOGGERS $13,619, NEWSLETTER, BLOGGING & WEBSITE EXPENSES $4,093, AND OAK CLIFF EARTH DAY $11,500.REVENUES WERE RECEIVED FROM PROGRAM REVENUE $8,848 (SPONSORSHIPS, VENDOR FEES, MERCHANDISE SALES)AND GENERAL BUDGET ALLOCATIONS. INKIND CONTRIBUTIONS INCLUDED $4,000 VALUE OF CITY PARK SPACE FOR OCED,$4,000 VALUE OF PARK MAINTENANCE FOR OCED EVENT, $1,500 VALUE OF ENTERTAINERS AT OCED, MORE THAN$1,125 VALUE IN ADVERTISING.

Program 3
Expenses: $137,967

CONTINUING THE COLLABORATIVE RELATIONSHIPS WITH FAITH COMMUNITIES IN NORTH TEXAS TO SERVE TOGETHER IN PROJECTS THAT BENEFIT THE GREATER GOOD IN OUR COMMUNITY AND SURROUNDING AREA. PROVIDING AN...

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CONTINUING THE COLLABORATIVE RELATIONSHIPS WITH FAITH COMMUNITIES IN NORTH TEXAS TO SERVE TOGETHER IN PROJECTS THAT BENEFIT THE GREATER GOOD IN OUR COMMUNITY AND SURROUNDING AREA. PROVIDING AN INTERMEDIARY HUB, DBA FOODSOURCEDFW, FOR DISTRIBUTING EXCESS FOODS DONATED BY WHOLESALERS, DISTRIBUTORS, AND PRODUCE COMPANIES TO FOOD BANKS AND PANTRIES IN NORTH TEXAS, CENTRAL & EAST TEXAS, AND TO AREAS IMPACTED BY NATURAL DISASTERS IN RIO GRAND VALLEY (RGV), GULF COAST AND EAST COASTAL AREAS AND EXPANSION OF THE CHAPTER IN JAPAN. RECEIVED 3,080,390 POUNDS OF FOOD & BEVERAGE DONATIONS WITH A DONATION VALUE OF $2,036,046 AND A FORK LIFT WITH A VALUE OF $56,925. MEMNOSYNE WAS ABLE TO SERVE AS AN AGENCY TO RECEIVE THE DONATED GOODS AND THEN DELIVER THEM, AND THAT IS WHY THESE AMOUNTS ARE NOT INCLUDED ON THE FORM 990.EXPENSES INCLUDED $48,125 FOR DIRECTOR PAY, $20,004 FOR DIRECTOR'S ASSISTANT TO MAINTAIN THE LOGS OFDONATIONS AND CONTRIBUTION ACKNOWLEDGEMENTS, $2,238 FOR TRUCK, $24,000 FOR CONTINUED SUPPORT OF THEMEMNOSYNE CHAPTER IN JAPAN, AND $54 FOR WEBSITE MAINTENANCE. REVENUES FOR THE CENTER FOR INTERFAITHINITIATIVES CAME FROM $26,740 IN CONTRIBUTIONS AND GENERAL BUDGET ALLOCATIONS. THE WORK IN JAPAN IS NOWCONSIDERED A PROGRAM OF OUTREACH RATHER THAN THAT OF CENTER FOR INTERFAITH INITIATIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $658,824
Program Service Revenue $1,377
Investment Income $33,974
Other Revenue $0
TOTAL REVENUE $694,175

Expense Breakdown

Grants Paid $0
Salaries & Benefits $290,584
Fundraising Expenses $0
Program Expenses $327,950
Other Expenses $335,749
TOTAL EXPENSES $626,333

Year-over-Year Comparison

2023 2022 Change
Revenue $694,175 $626,703 +0.1%
Expenses $626,333 $639,240 0.0%
Net Income $67,842 $-12,537 -6.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$130,000
Total Directors
11
$130,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SULAIMAN HEMANI DIRECTOR 2.00
Director
$0 $0 $0
GREGORY GOMEZ DIRECTOR 2.00
Director
$0 $0 $0
TANIA ARRAYALES RODRIGUEZ DIRECTOR 2.00
Director
$0 $0 $0
REV HIROMI YANO DIRECTOR 2.00
Director
$0 $0 $0
RICHARD L MAULDIN DIRECTOR 2.00
Director
$0 $0 $0
KUNAL SOOD DIRECTOR 2.00
Director
$0 $0 $0
KALU KALU UGWUOMO DIRECTOR 2.00
Director
$0 $0 $0
MARY ANN THOMPSON-FRANK PRESIDENT 35.00
Officer Director
$0 $0 $0
JOSHUA FRANK VICE PRESIDENT 20.00
Officer Director
$0 $0 $0
CONSTANCE HARGIS TREASURER 35.00
Officer Director
$45,000 $0 $45,000
PHILLIP COLLINS EXECUTIVE DIRECTOR 40.00
Officer Director
$85,000 $0 $85,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $694,175 $626,333 $142,974 $67,842
2022 $626,703 $639,240 $62,927 $-12,537
2021 $656,975 $602,662 $75,759 $54,313
2020 $845,884 $958,224 $140,171 $-112,340
2019 $575,000 $670,275 $144,383 $-95,275
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