Front Porch Memphis Inc

EIN: 991499454 501(c)(3) Philanthropy & Grantmaking

MEMPHIS, TN

Total Revenue
$3,152,210
Total Expenses
$31,980
Total Assets
$3,360,066
Net Assets
$3,120,230
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
TN
Principal Officer
Steve Waring
Tax Period
2024-01-01 to 2024-12-31

Front Porch Memphis Inc, founded in 2024, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2024. The organization ran a surplus of $3.1M, a strong 99% operating margin.

Mission

The Front Porch Memphis Inc. shall be a true center of Memphis as a place where the entire community can connect to one another over big moments that life brings or the smallest encounter that creates a ripple of good across the community. The Front Porch Memphis Inc. is about showing up staying safe and knowing someone was expecting you; seeking to serve as a catalyst to bring families and individuals into a closer alignment with their Christian faith and spiritual pursuits through the development of a Center for gathering on the Second Baptist Church Memphis Campus that provides a place of grace and hospitality for all; and being a center of community that welcomes those who are seeking to be more intentional about their spiritual life or spiritual practices in community while connecting with their own personal and family sources of spiritual strength.

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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 $3,152,210
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,152,210

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,625
Fundraising Expenses $8,026
Program Expenses $9,378
Other Expenses $25,355
TOTAL EXPENSES $31,980

Year-over-Year Comparison

2024 2023 Change
Revenue $3,152,210 N/A N/A
Expenses $31,980 N/A N/A
Net Income $3,120,230 $0 N/A
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
1
Volunteers
1

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
0
$0
Total Directors
7
$0
Key Employees
1
$6,154
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Burt Waller Board Member 0.00
Director
$0 $0 $0
Katie Parker Board Member 0.00
Director
$0 $0 $0
Sara Breazeale Board Member 0.00
Director
$0 $0 $0
David Waters Board Member 0.00
Director
$0 $0 $0
Mearl Purvis Board Member 0.00
Director
$0 $0 $0
Joe Livesay Board Member 0.00
Director
$0 $0 $0
Becky Wilson Board Member 0.00
Director
$0 $0 $0
Melissa Todd Executive Director 30.00
Key Emp
$6,154 $0 $6,154
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 $3,152,210 $31,980 $3,360,066 $3,120,230
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