NEW MEMPHIS INSTITUTE

EIN: 581607228 501(c)(3) Civil Rights & Advocacy

MEMPHIS, TN

Total Revenue
$3,443,816
Total Expenses
$2,964,423
Total Assets
$5,946,410
Net Assets
$4,494,894
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
TN
Principal Officer
ANNA MULLINS ELLIS
Phone
9015274625
Tax Period
2025-01-01 to 2025-12-31

NEW MEMPHIS INSTITUTE, founded in 1984, is a community nonprofit in the Civil Rights & Advocacy sector that reported $3.4M in total revenue in fiscal year 2025. Revenue surged 59% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 14% surplus.

Mission

NEW MEMPHIS FORGES A PROSPEROUS AND VITAL NEW MEMPHIS BY DEVELOPING, ACTIVATING AND RETAINING TALENT IN ORDER TO MOVE MEMPHIS FORWARD BY DELIVERING PROGRAMS THAT EMPOWER AND INSPIRE INDIVIDUALS TO FURTHER DEVELOP THE STRENGTHS OF OUR CITY.

Program Service Accomplishments

Program 1
Expenses: $336,632 Revenue: $398,195

THE LEADERSHIP DEVELOPMENT INTENSIVE IS A THREE-AND-A-HALF DAY TRAINING EXPERIENCE DELIVERED TWO TIMES A YEAR IN PARTNERSHIP WITH FRANKLIN & WHITE. MORE THAN 1,200 EXECUTIVE-LEVEL BUSINESS AND CIVIC...

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THE LEADERSHIP DEVELOPMENT INTENSIVE IS A THREE-AND-A-HALF DAY TRAINING EXPERIENCE DELIVERED TWO TIMES A YEAR IN PARTNERSHIP WITH FRANKLIN & WHITE. MORE THAN 1,200 EXECUTIVE-LEVEL BUSINESS AND CIVIC LEADERS HAVE COMPLETED THIS PROGRAM WHICH EMPOWERS ESTABLISHED LEADERS TO BETTER UNDERSTAND AND USE THEIR STRENGTHS TO MOVE MEMPHIS FORWARD. EVERY YEAR THIS GROWING NUMBER OF LEADERS REPRESENTS THE DRIVING FORCE OF NEW MEMPHIS INSTITUTE: THE GREATEST CATALYST OF POSITIVE TRANSFORMATION IN ANY COMMUNITY IS STRONG AND ENGAGED LEADERS. THESE LEADERS SPEND COMMUNITY TIME SERVING ON BOARDS AND COMMITTEES BASED ON REFERRALS MADE BY NEW MEMPHIS INSTITUTE; ADVISING THE FELLOWS ON THEIR COMMUNITY ACTION PROJECTS; ENGAGING AND PRESENTING AT THE CELEBRATE WHAT'S RIGHT LUNCHEONS; AND WORKING TO DEVELOP & ACTIVATE TOP TALENT TO MEMPHIS (OVER 3,000 PERSONS BENEFITED).

Program 2
Expenses: $337,478 Revenue: $82,600

THE FELLOWS PROGRAM IS A 10-MONTH ENGAGEMENT THAT GIVES HIGH-PERFORMING, MID-CAREER LEADERS THE TOOLS, EXPERIENCES AND CONNECTIONS NEEDED TO BECOME CHANGE AGENTS, INCLUSIVE LEADERS AND QUALIFIED CITY...

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THE FELLOWS PROGRAM IS A 10-MONTH ENGAGEMENT THAT GIVES HIGH-PERFORMING, MID-CAREER LEADERS THE TOOLS, EXPERIENCES AND CONNECTIONS NEEDED TO BECOME CHANGE AGENTS, INCLUSIVE LEADERS AND QUALIFIED CITY AMBASSADORS. CORE TO THE CURRICULUM IS THE DEVELOPMENT AND IMPLEMENTATION OF COMMUNITY ACTION PROJECTS (CAP) DESIGNED TO BUILD CAPACITY OF EXISTING NONPROFIT ORGANIZATIONS. THERE ARE ALMOST 200 CAPS THAT HAVE BEEN COMPLETED TO DATE. (1,100 PERSONS BENEFITED).

Program 3
Expenses: $288,721 Revenue: $34,960

EMBARK WAS DEVELOPED TO EQUIP PROMISING EARLY PROFESSIONALS WITH THE TRAINING TO SET A COURSE FOR THEIR CAREER AND THE OPPORTUNITY TO NETWORK WITH OTHERS READY TO MAKE A DIFFERENCE IN THE COMMUNITY...

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EMBARK WAS DEVELOPED TO EQUIP PROMISING EARLY PROFESSIONALS WITH THE TRAINING TO SET A COURSE FOR THEIR CAREER AND THE OPPORTUNITY TO NETWORK WITH OTHERS READY TO MAKE A DIFFERENCE IN THE COMMUNITY (1,400 PERSONS BENEFITED).

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,720,189
Program Service Revenue $564,528
Investment Income $116,452
Other Revenue $42,647
TOTAL REVENUE $3,443,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,826,649
Fundraising Expenses $126,009
Program Expenses $2,640,556
Other Expenses $1,137,774
TOTAL EXPENSES $2,964,423

Year-over-Year Comparison

2025 2024 Change
Revenue $3,443,816 $2,168,997 +0.6%
Expenses $2,964,423 $2,839,392 +0.0%
Net Income $479,393 $-670,395 -1.7%
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
27
Independent Members
27
Employees
18
Volunteers
1000

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
10
$366,987
Total Directors
27
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY AVERWATER TRUSTEE 1.00
Director
$0 $0 $0
PETER BUNCE TRUSTEE 1.00
Director
$0 $0 $0
MATT HARRELL VICE CHAIR 1.00
Officer Director
$0 $0 $0
DAPHNE LARGE TRUSTEE 1.00
Director
$0 $0 $0
KELLY LOMAX TREASURER 1.00
Officer Director
$0 $0 $0
ISAAC RODRIGUEZ SECRETARY 1.00
Officer Director
$0 $0 $0
CHANDELL RYAN TRUSTEE 1.00
Director
$0 $0 $0
ANDREW SCHAEFFER TRUSTEE 1.00
Director
$0 $0 $0
GREG SPILLYARDS TRUSTEE 1.00
Director
$0 $0 $0
SUSAN STEPHENSON AT LARGE 1.00
Officer Director
$0 $0 $0
TISH TOWNS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
DUNCAN WILLIAMS AT LARGE 1.00
Officer Director
$0 $0 $0
KEVIN WOODS IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
KONTJI ANTHONY TRUSTEE 1.00
Director
$0 $0 $0
FEDERICO FIDALGO AT LARGE 1.00
Officer Director
$0 $0 $0
MIKE LAMBERT TRUSTEE 1.00
Director
$0 $0 $0
TED TOWNSEND TRUSTEE 1.00
Director
$0 $0 $0
GIL UHLHORN TRUSTEE 1.00
Director
$0 $0 $0
MARIO BROWN TRUSTEE 1.00
Director
$0 $0 $0
PENELOPE HUSTON TRUSTEE 1.00
Director
$0 $0 $0
DANIELLE INEZ TRUSTEE 1.00
Director
$0 $0 $0
JT MALASRI TRUSTEE 1.00
Director
$0 $0 $0
NIKA MARTIN TRUSTEE 1.00
Director
$0 $0 $0
PAT HOPPER TRUSTEE 1.00
Director
$0 $0 $0
ERIC BAILEY TRUSTEE 1.00
Director
$0 $0 $0
AMY SHELTON LITTLE TRUSTEE 1.00
Director
$0 $0 $0
TARA HALLIE WARE TRUSTEE 1.00
Director
$0 $0 $0
JILL TURNER COO 40.00
Officer
$155,666 $6,420 $162,086
ANNA MULLINS ELLIS CEO 40.00
Officer
$198,481 $6,420 $204,901
ANNA WOHRMAN VP OF STRATEGIC INITIATIVE 40.00
Highest
$125,413 $17,542 $142,955
KAYLON BRADFORD VP OF PROGRAMS 40.00
Highest
$128,258 $6,420 $134,678
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
2025 $3,443,816 $2,964,423 $5,946,410 $479,393
2024 $2,168,997 $2,839,392 $5,323,925 $-670,395
2023 $3,377,982 $2,694,740 $6,025,275 $683,242
2022 $2,528,139 $2,563,908 $5,198,582 $-35,769
2021 $2,464,283 $2,478,948 $4,063,276 $-14,665
2020 $2,014,663 $2,149,852 $4,038,313 $-135,189
2019 $2,728,022 $2,345,310 $4,050,361 $382,712
2018 $2,169,072 $2,156,325 $3,490,676 $12,747
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