MEMPHIS LIFT PARENT INSTITUTE

EIN: 822560581 501(c)(3) Education

MEMPHIS, TN

Total Revenue
$551,979
Total Expenses
$1,037,248
Total Assets
$3,354,082
Net Assets
$3,305,236
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
TN
Principal Officer
SARAH CARPENTER
Phone
9012760850
Tax Period
2024-01-01 to 2024-12-31

MEMPHIS LIFT PARENT INSTITUTE, founded in 2017, is a small nonprofit in the Education sector that reported $552K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 88% operating deficit.

Mission

TO BUILD WIDESPREAD DEMAND FOR HIGH QUALITY SCHOOLS AND RADICAL CHANGES IN PUBLIC EDUCATION TO DISRUPT SYSTEMATIC EDUCATIONAL INEQUALITY THROGH CHOICE AND HEALTHY COMPETITION.

Program Service Accomplishments

Program 1
Expenses: $190,476

PUBLIC ADVOCATE FELLOWSHIP PROVIDES 100 PARENTS ANNUALLY FROM ALL OVER THE CITY WITH THE EDUCATION AND TOOLS THEY NEED TO BECOME ACTIVE PARTICIPANTS IN THE PUBLIC CONVERSATION ABOUT EDUCATION IN...

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PUBLIC ADVOCATE FELLOWSHIP PROVIDES 100 PARENTS ANNUALLY FROM ALL OVER THE CITY WITH THE EDUCATION AND TOOLS THEY NEED TO BECOME ACTIVE PARTICIPANTS IN THE PUBLIC CONVERSATION ABOUT EDUCATION IN MEMPHIS. THE COURSE IS 10 WEEKS LONG WITH A CURRICULUM THAT BECOMES MORE COMPELLING AND COMPREHENSIVE WITH EACH COHORT.

Program 2
Expenses: $219,959

THE SURGE TEAM IS THE MEMPHIS LIFT'S TEAM OF PARENT ORGANIZERS. THE SURGE TEAM DEVOTES THEMSELVES TO MEETING AND EDUCATING PARENTS WHERE THEY ARE-AT THEIR DOORS, AT A SCHOOL PICK UP LINE OR AT...

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THE SURGE TEAM IS THE MEMPHIS LIFT'S TEAM OF PARENT ORGANIZERS. THE SURGE TEAM DEVOTES THEMSELVES TO MEETING AND EDUCATING PARENTS WHERE THEY ARE-AT THEIR DOORS, AT A SCHOOL PICK UP LINE OR AT CHURCH-AND BUILDS THAT INITIAL CONVERSATION INTO A RELATIONSHIP THAT CAN BE LEVERAGED TO MAKE THE VOICE OF PARENTS EVEN GREATER IN THE CONVERSATION ABOUT MEMPHIS SCHOOLS. FROM CANVASSING TO HOSTING SPEAKER SERIES TO RALLYING PARENTS ON QUICK TURNAROUNDS TO MAKE THEIR PRESENCE KNOWN AT THE LEGISLATURE IN NASHVILLE, THE SURGE TEAM IS CONSTANTLY IN THE ORGANIZING BUSINESS.

Program 3
Expenses: $80,671

CHOICE COUNSELING HELPS BUILD AWARENESS IN PRIORITY SCHOOL COMMUNITIES THAT PARENTS HAVE EDUCATIONAL OPTIONS AND PROVIDES PARENTS WITH THE RESOURCES AND EDUCATION THEY NEED TO NAVIGATE THE COMPLEX...

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CHOICE COUNSELING HELPS BUILD AWARENESS IN PRIORITY SCHOOL COMMUNITIES THAT PARENTS HAVE EDUCATIONAL OPTIONS AND PROVIDES PARENTS WITH THE RESOURCES AND EDUCATION THEY NEED TO NAVIGATE THE COMPLEX EDUCATION SYSTEM AND MAKE THE BEST EDUCATIONAL CHOICE FOR THEIR CHILD. IN ADDITION TO OFFERING RESOURCES AND EDUCATION, CHOICE COUNSELING OFFERS THE MUCH NEEDED SOUNDING BOARD TO MANY PARENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $551,874
Program Service Revenue $0
Investment Income $105
Other Revenue $0
TOTAL REVENUE $551,979

Expense Breakdown

Grants Paid $0
Salaries & Benefits $721,663
Fundraising Expenses $0
Program Expenses $613,580
Other Expenses $315,585
TOTAL EXPENSES $1,037,248

Year-over-Year Comparison

2024 2023 Change
Revenue $551,979 $1,540,912 -0.6%
Expenses $1,037,248 $985,838 +0.1%
Net Income $-485,269 $555,074 -1.9%
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
13
Volunteers
25

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
$123,398
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATHERINE BELL-ANTHONY TREASURER 5.00
Officer Director
$0 $0 $0
JAVIER BAILEY BOARD MEMBER 3.00
Director
$0 $0 $0
NEDRA ANDERSON BOARD MEMBER 3.00
Director
$0 $0 $0
TOYA HARVEY BOARD MEMBER 3.00
Director
$0 $0 $0
MARGO ROEN PRESIDENT 5.00
Officer Director
$0 $0 $0
AL BRIGHT BOARD MEMBER 3.00
Director
$0 $0 $0
ASHTON TOONE SECRETARY 5.00
Officer Director
$0 $0 $0
SARAH CARPENTER EXECUTIVE DIRECTOR 40.00
Officer
$123,398 $0 $123,398
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
2024 $551,979 $1,037,248 $3,354,082 $-485,269
2023 $1,540,912 $985,838 $4,262,941 $555,074
2022 $2,251,307 $691,655 $3,252,635 $1,559,652
2022 $2,031,153 $715,633 $3,252,635 $1,315,520
2021 $856,155 $598,679 $1,693,218 $257,476
2020 $561,496 $548,824 $1,435,742 $12,672
2019 $1,101,878 $803,603 $1,435,475 $298,275
2018 $1,375,838 $614,072 $1,136,966 $761,766
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