THE APEX INSTITUTE FORMERLY THE IN… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

A C WHARTON JR

Phone

9015260592

Tax Period

2020-01-01 to 2020-12-31

THE APEX INSTITUTE FORMERLY THE INSTITUTE FOR CIVIL, founded in 2017, is a micro nonprofit that reported $19K in total revenue in fiscal year 2020. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $19K left a modest 3% surplus.

Mission

TO SUPPORT COLLEGE STUDENTS IN DEVELOPING CIVIC LEADERSHIP SKILLS, AND EDUCATING PEOPLE IN THE MEMPHIS REGION ABOUT BOTH HISTORICAL AND CONTEMPORARY TOPICS THROUGH SCHOLARLY RESEARCH AND REPORTING.

Program Service Accomplishments

Program 1

Expenses: $12,860

THE INSTITUTE FOR CIVIL RIGHTS AND CIVIC LEADERSHIP WILL TRAIN AN INTERCOLLEGIATE COHORT OF UNDERGRADUATE STUDENTS ANNUALLY TO RESEARCH AND WORK ON CIVIC CHALLENGES IN THE CITY OF MEMPHIS. THE...

THE INSTITUTE FOR CIVIL RIGHTS AND CIVIC LEADERSHIP WILL TRAIN AN INTERCOLLEGIATE COHORT OF UNDERGRADUATE STUDENTS ANNUALLY TO RESEARCH AND WORK ON CIVIC CHALLENGES IN THE CITY OF MEMPHIS. THE INSTITUTE WILL ALSO PROVIDE PUBLIC EDUCATION ON CIVIC CHALLENGES FOR POPULATIONS IN THE MEMPHIS REGION. THE INSTITUTE WILL CONVENE AN ANNUAL COHORT OF FIFTEEN CIVIL RIGHTS FELLOWS FROM COLLEGES ACROSS MEMPHIS TO STUDY PUBLIC ISSUES AND ENGAGE IN COMMUNITY SERVICE. FELLOWS WILL PARTNER WITH NONPROFITS AND GOVERNMENT AGENCIES WHERE THEY WILL COMPLETE TEN HOURS OF COMMUNITY SERVICE EACH WEEK THROUGHOUT THE FALL AND SPRING SEMESTERS. FELLOWS WILL ALSO CONDUCT RESEARCH ON THESE PUBLIC ISSUES. THEY WILL WRITE AND PUBLISH A PAPER OUTLINING ALL OF THE RELEVANT POLICIES AND LAWS FOR THE ISSUE UNDER CONSIDERATION. THEIR RESEARCH AND WORK WILL PROVIDE THE FOUNDATION FOR A STATE OF THE CITY REPORT PUBLISHED EVERY TWO YEARS. CIVIL RIGHTS FELLOWS WILL ALSO PARTICIPATE IN WEEKLY PROGRAMMING WHERE THEY WILL SHARE THEIR PROGRESS WORKING WITH COMMUNITY PARTNERS, DISCUSS THEIR RESEARCH, AND PARTICIPATE REGULARLY IN COMMUNITY BUILDING ACTIVITIES AND WORKSHOPS. ADDITIONALLY, CIVIL RIGHTS FELLOWS WILL HOLD A WORKSHOP TO SHARE THEIR FINDINGS AND STRATEGIES WITH THE PUBLIC. THESE COMMUNITY WORKSHOPS WILL BE A SPACE FOR CONVERSATION AND MUTUAL ENGAGEMENT BETWEEN CIVIL RIGHTS FELLOWS AND MEMBERS OF THE MEMPHIS COMMUNITY. THE INSTITUTE WILL ALSO HOST EIGHT SPEAKERS PER YEAR. THESE SPEAKERS WILL DISCUSS THEIR WORK ON PUBLIC ISSUES, AND WILL SPEND A DAY IN MEMPHIS MEETING WITH COMMUNITY PARTNERS TO DISCUSS LOCAL EFFORTS TO ADDRESS THESE ISSUES. FINALLY, THE INSTITUTE FOR CIVIL RIGHTS WILL HOST A SCHOLAR IN RESIDENCE TO BE PRESENT FOR THESE ANNUAL ACTIVITIES THROUGHOUT THE COURSE OF AN ACADEMIC YEAR. IN PARTNERSHIP WITH LOCAL COLLEGES AND UNIVERSITIES, THE NATIONAL CIVIL RIGHTS MUSEUM, AS WELL AS NONPROFITS, GOVERNMENT AGENCIES, AND LOCAL BUSINESS THROUGHOUT THE REGION, THE INSTITUTE FOR CIVIL RIGHTS AND CIVIC LEADERSHIP HOPES TO PREPARE THE NEXT GENERATION OF PUBLIC LEADERS.

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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%)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $19,400

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,400

Expense Breakdown

Grants Paid $9,848

Salaries & Benefits $2,764

Fundraising Expenses $0

Program Expenses $12,860

Other Expenses $6,167

TOTAL EXPENSES $18,779

Year-over-Year Comparison

	2020	2019	Change
Revenue	$19,400	$29,655	-0.3%
Expenses	$18,779	$234,384	-0.9%
Net Income	$621	$-204,729	-1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
A C WHARTON JR	PRESIDENT	0.50	Officer Director	$0	$0	$0
LOIS RIESLING	SECRETARY	0.50	Officer Director	$0	$0	$0
ANTHONY C SIRACUSA	TREASURER, V	0.50	Officer Director	$0	$0	$0
ETHELE HILLIARD	INTERIM EXEC	45.00	Officer	$0	$0	$0

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
2020	$19,400	$18,779	$5,343	$621
2019	$29,655	$234,384	$4,722	$-204,729

THE APEX INSTITUTE FORMERLY THE INSTITUTE FOR CIVIL