MEMPHIS FOURTH ESTATE INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- MEMPHIS FOURTH ESTATE INC (EIN 82-5339555)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-23
- IRS object ID
- 202442979349301589
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-23T15:42:15-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 814628118 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CULVER PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 7041 HIGHWAY 64 | AddressLine1Txt |
| City | OAKLAND | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 380603209 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 825339555 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEMPHIS FOURTH ESTATE INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MEMP | BusinessNameControlTxt |
| Phone | 9015016397 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 POPLAR AVE STE 218 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38137 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC BARNES | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 9018421830 | PhoneNum |
| Signature | 2024-10-23 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MATT SHORTER | PreparerPersonNm |
| PTIN | P01572189 | PTIN |
| Phone | 9014669797 | PhoneNum |
| Preparation | 2024-10-23 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Change | Yes (X) | AddressChangeInd |
Doing Business As Name DoingBusinessAsName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | THE DAILY MEMPHIAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANDY CATES | PrincipalOfficerNm |
| Gross Receipts | $4,790,592 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | MEMPHISFOURTHESTATE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2018 | FormationYr |
| Legal Domicile State | TN | LegalDomicileStateCd |
| Activity Or Mission | MEMPHIS FOURTH ESTATE D/B/A THE DAILY MEMPHIAN IS AN INDEPENDENT, NOT-FOR- ORGANIZATION WITH THE MISSION OF GATHERING AND DISSEMINATING INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF MEMPHIS, TN AND SURROUNDING COMMUNITIES. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 76 | TotalEmployeeCnt |
| Total Volunteers | 5 | TotalVolunteersCnt |
| Total Gross UBI | $1,073,996 | TotalGrossUBIAmt |
| PY Contributions Grants | $3,112,702 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,206,271 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $273,774 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $294,442 | CYProgramServiceRevenueAmt |
| PY Investment Income | $182 | PYInvestmentIncomeAmt |
| CY Investment Income | $58,705 | CYInvestmentIncomeAmt |
| PY Other Revenue | $2,989,598 | PYOtherRevenueAmt |
| CY Other Revenue | $3,230,788 | CYOtherRevenueAmt |
| PY Total Revenue | $6,376,256 | PYTotalRevenueAmt |
| CY Total Revenue | $4,790,206 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $4,095,693 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,301,241 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $134,542 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,437,733 | PYOtherExpensesAmt |
| CY Other Expenses | $3,594,440 | CYOtherExpensesAmt |
| PY Total Expenses | $5,533,426 | PYTotalExpensesAmt |
| CY Total Expenses | $5,895,681 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $842,830 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$1,105,475 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,911,759 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,852,598 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,206,233 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,252,547 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $2,705,526 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,600,051 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MEMPHIS FOURTH ESTATE D/B/A THE DAILY MEMPHIAN IS AN INDEPENDENT, NOT-FOR- ORGANIZATION WITH THE MISSION OF GATHERING AND DISSEMINATING INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF MEMPHIS, TN AND SURROUNDING COMMUNITIES. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $418,127 | ExpenseAmt |
| Revenue | $2,882,667 | RevenueAmt |
| Desc | MEMPHIS FOURTH ESTATE GATHERS AND DISSEMINATES INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF THE CITY OF MEMPHIS AND SURROUNDING AREAS, USING INVESTIGATIVE, EXPLANATORY, DATA-DRIVEN AND MULTIMEDIA JOURNALISM THROUGH ITS ONLINE PUBLICATION FOR WHICH IT OFFERS MONTHLY AND ANNUAL SUBSCRIPTIONS. IN ADDITION TO THE ONLINE PUBLICATION, THE ORGANIZATION FULFILLS AN EDUCATIONAL ROLE FOR THE PUBLIC AND FOR JOURNALISTS AND ASPIRING JOURNALISTS THROUGH, AMOUNT OTHER MEANS, INTERNSHIPS AND COLLABORATIVE ACTIVITY WITH LOCAL COLLEGES AND UNIVERSITIES. IT ALSO SEEKS TO ENGAGE THE COMMUNITY BY PROVIDING SEMINAR SERIES, SYMPOSIA, AND WORKSHOPS, BOTH ONLINE AND BY CONVENTIONAL MEANS, ON SUBJECTS OF IMPORTANCE TO THE COMMUNITY. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $4,657,377 | ExpenseAmt |
| Revenue | $1,907,539 | RevenueAmt |
| Desc | MEMPHIS FOURTH ESTATE GATHERS AND DISSEMINATES INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF THE CITY OF MEMPHIS AND SURROUNDING AREAS, USING INVESTIGATIVE, EXPLANATORY, DATA-DRIVEN AND MULTIMEDIA JOURNALISM THROUGH ITS ONLINE PUBLICATION FOR WHICH IT OFFERS MONTHLY AND ANNUAL SUBSCRIPTIONS. IN ADDITION TO THE ONLINE PUBLICATION, THE ORGANIZATION FULFILLS AN EDUCATIONAL ROLE FOR THE PUBLIC AND FOR JOURNALISTS AND ASPIRING JOURNALISTS THROUGH, AMOUNT OTHER MEANS, INTERNSHIPS AND COLLABORATIVE ACTIVITY WITH LOCAL COLLEGES AND UNIVERSITIES. IT ALSO SEEKS TO ENGAGE THE COMMUNITY BY PROVIDING SEMINAR SERIES, SYMPOSIA, AND WORKSHOPS, BOTH ONLINE AND BY CONVENTIONAL MEANS, ON SUBJECTS OF IMPORTANCE TO THE COMMUNITY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $4,657,377 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Revenue | $1,907,539 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $5,075,504 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (true) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 46 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 76 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (true) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (true) | Form990TFiledInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (true) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (true) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | false | CompensationProcessCEOInd |
| Compensation Process Other | false | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ERIC BARNES | PersonNm |
| Phone | 9018421830 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 429 NORTH MAIN STE 100 | AddressLine1Txt |
| City | MEMPHIS | CityNm |
| State Abbreviation | TN | StateAbbreviationCd |
| ZIP | 38103 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|
| ERIC BARNES | |||||||
| CEO | 40.00 | Yes (X) | $170,495 | $0 | $0 | ||
| JASON ISRAEL | |||||||
| CTO | 40.00 | Yes (X) | $166,048 | $0 | $0 | ||
| GEOFFREY CALKINS | |||||||
| COLUMNIST | 40.00 | $158,430 | $0 | $0 | Yes (X) | ||
| ROSHUN AUSTIN | |||||||
| TREASURER | 4.00 | $0 | $0 | $0 | Yes (X) | ||
| ANDY CATES | |||||||
| PRESIDENT | 8.00 | $0 | $0 | $0 | Yes (X) | ||
| NANCY COFFEE | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| ROBERT J DAVIS | |||||||
| VICE PRESIDE | 4.00 | $0 | $0 | $0 | Yes (X) | ||
| MARY TABOR ENGEL | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| EDWARD FELSENTHAL | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| JAMES MACLIN | |||||||
| SECRETARY | 4.00 | $0 | $0 | $0 | Yes (X) | ||
| KEVIN MCENIRY | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| DEANIE PARKER | |||||||
| DIRECTOR | 1.00 | $0 | $0 | $0 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $494,973 | TotalReportableCompFromOrgAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| All Other Contributions | $1,206,271 | AllOtherContributionsAmt |
| Total Contributions | $1,206,271 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| CONSULTING & OTHER | $273,483 | $273,483 |
| SEMINARS | $20,959 | $20,959 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $294,442 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,591 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $58,591 | RelatedOrExemptFuncIncomeAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $500 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $386 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $114 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $114 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| ADVERTISING REVENUE | 541800 | $3,230,595 | $2,156,599 | $1,073,996 |
| UNREALIZED GAINS | $193 | $193 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,230,788 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,790,206 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,509,939 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $1,073,996 | UnrelatedBusinessRevenueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,241,349 | TotalAmt |
| Program Services | $972,857 | ProgramServicesAmt |
| Management And General | $268,492 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $894,627 | TotalAmt |
| Program Services | $768,715 | ProgramServicesAmt |
| Management And General | $69,317 | ManagementAndGeneralAmt |
| Fundraising | $56,595 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,894 | TotalAmt |
| Program Services | $51,382 | ProgramServicesAmt |
| Management And General | $34,699 | ManagementAndGeneralAmt |
| Fundraising | $5,813 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $73,371 | TotalAmt |
| Program Services | $41,025 | ProgramServicesAmt |
| Management And General | $27,705 | ManagementAndGeneralAmt |
| Fundraising | $4,641 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,300 | TotalAmt |
| Fundraising | $64,300 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,390 | TotalAmt |
| Management And General | $3,390 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,757 | TotalAmt |
| Management And General | $13,757 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $110,507 | TotalAmt |
| Program Services | $107,314 | ProgramServicesAmt |
| Fundraising | $3,193 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $46,182 | TotalAmt |
| Management And General | $46,182 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $71,969 | TotalAmt |
| Program Services | $34,295 | ProgramServicesAmt |
| Management And General | $37,674 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,774 | TotalAmt |
| Program Services | $2,752 | ProgramServicesAmt |
| Management And General | $3,022 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,345 | TotalAmt |
| Management And General | $6,345 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,599 | TotalAmt |
| Management And General | $7,599 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $299,268 | TotalAmt |
| Program Services | $299,268 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,830 | TotalAmt |
| Program Services | $4,208 | ProgramServicesAmt |
| Management And General | $4,622 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| SALARIES | $1,607,566 | $1,607,566 |
| EMPLOYEE BENEFITS | $292,633 | $292,633 |
| PAYROLL TAXES | $233,650 | $233,650 |
| INFORMATION TECHNOLOGY | $193,800 | $193,800 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $628,870 | TotalAmt |
| Program Services | $466,039 | ProgramServicesAmt |
| Management And General | $162,831 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,895,681 | TotalAmt |
| Program Services | $5,075,504 | ProgramServicesAmt |
| Management And General | $685,635 | ManagementAndGeneralAmt |
| Fundraising | $134,542 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,119,934 | BOYAmt |
| EOY | $318,848 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $722,498 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $404,333 | BOYAmt |
| EOY | $792,145 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $175,743 | BOYAmt |
| EOY | $151,523 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,550 | BOYAmt |
| EOY | $1,550 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,851,987 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,249,222 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $698,433 | BOYAmt |
| EOY | $602,765 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $511,766 | BOYAmt |
| EOY | $263,269 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,911,759 | BOYAmt |
| EOY | $2,852,598 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,271 | BOYAmt |
| EOY | $186,568 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $707,181 | BOYAmt |
| EOY | $794,293 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $325,781 | BOYAmt |
| EOY | $271,686 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,206,233 | BOYAmt |
| EOY | $1,252,547 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,259,193 | BOYAmt |
| EOY | $780,051 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $446,333 | BOYAmt |
| EOY | $820,000 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,705,526 | BOYAmt |
| EOY | $1,600,051 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,911,759 | BOYAmt |
| EOY | $2,852,598 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$1,105,475 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,598,575 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $258,131 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,605,073 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,112,702 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,206,271 | CurrentTaxYearAmt |
| Total | $9,780,752 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,598,575 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $258,131 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,605,073 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,112,702 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,206,271 | CurrentTaxYearAmt |
| Total | $9,780,752 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $9,780,752 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,320 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,290 | CurrentTaxYearMinus3YearsAmt |
| Total | $9,610 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $162,175 | CurrentTaxYearMinus1YearAmt |
| Total | $162,175 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $9,952,537 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $8,621,726 | GrossReceiptsRltdActivitiesAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,860 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,860 | DepreciationAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,848,127 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,245,362 | DepreciationAmt |
| Book Value | $602,765 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $602,765 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROU LEASE ASSET, NET | Desc |
| Book Value | $263,269 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $263,269 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ROU LEASE LIABILITY | Desc |
| Amt | $271,686 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $271,686 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $4,790,206 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $4,790,206 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $4,790,206 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,895,681 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Subtotal | $5,895,681 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $5,895,681 | TotalExpensesPerForm990Amt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt |
|---|---|---|
| ERIC BARNES | ||
| CEO | $170,495 | $170,495 |
| JASON ISRAEL | ||
| CTO | $166,048 | $166,048 |
| GEOFFREY CALKINS | ||
| COLUMNIST | $158,430 | $158,430 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | MEMPHIS FOURTH ESTATE D/B/A THE DAILY MEMPHIAN IS AN INDEPENDENT, NOT-FOR- ORGANIZATION WITH THE MISSION OF GATHERING AND DISSEMINATING INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF MEMPHIS, TN AND SURROUNDING COMMUNITIES. |
| FORM 990, PAGE 2, PART III, LINE 4A | MEMPHIS FOURTH ESTATE GATHERS AND DISSEMINATES INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF THE CITY OF MEMPHIS AND SURROUNDING AREAS, USING INVESTIGATIVE, EXPLANATORY, DATA-DRIVEN AND MULTIMEDIA JOURNALISM THROUGH ITS ONLINE PUBLICATION FOR WHICH IT OFFERS MONTHLY AND ANNUAL SUBSCRIPTIONS. IN ADDITION TO THE ONLINE PUBLICATION, THE ORGANIZATION FULFILLS AN EDUCATIONAL ROLE FOR THE PUBLIC AND FOR JOURNALISTS AND ASPIRING JOURNALISTS THROUGH, AMOUNT OTHER MEANS, INTERNSHIPS AND COLLABORATIVE ACTIVITY WITH LOCAL COLLEGES AND UNIVERSITIES. IT ALSO SEEKS TO ENGAGE THE COMMUNITY BY PROVIDING SEMINAR SERIES, SYMPOSIA, AND WORKSHOPS, BOTH ONLINE AND BY CONVENTIONAL MEANS, ON SUBJECTS OF IMPORTANCE TO THE COMMUNITY. |
| FORM 990, PAGE 2, PART III, LINE 4D | MEMPHIS FOURTH ESTATE GATHERS AND DISSEMINATES INFORMATION IN A NONPARTISAN MANNER ABOUT IMPORTANT PUBLIC-POLICY ISSUES AND MATTERS OF IMPORTANCE TO RESIDENTS OF THE CITY OF MEMPHIS AND SURROUNDING AREAS, USING INVESTIGATIVE, EXPLANATORY, DATA-DRIVEN AND MULTIMEDIA JOURNALISM THROUGH ITS ONLINE PUBLICATION FOR WHICH IT OFFERS MONTHLY AND ANNUAL SUBSCRIPTIONS. IN ADDITION TO THE ONLINE PUBLICATION, THE ORGANIZATION FULFILLS AN EDUCATIONAL ROLE FOR THE PUBLIC AND FOR JOURNALISTS AND ASPIRING JOURNALISTS THROUGH, AMOUNT OTHER MEANS, INTERNSHIPS AND COLLABORATIVE ACTIVITY WITH LOCAL COLLEGES AND UNIVERSITIES. IT ALSO SEEKS TO ENGAGE THE COMMUNITY BY PROVIDING SEMINAR SERIES, SYMPOSIA, AND WORKSHOPS, BOTH ONLINE AND BY CONVENTIONAL MEANS, ON SUBJECTS OF IMPORTANCE TO THE COMMUNITY. |
| FORM 990, PART VI | MEMPHIS FOURTH ESTATE, INC. REQUESTS KEY EMPLOYEES AND BOARD MEMBERS TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICT OF INTEREST. THEY ARE TO DESCRIBE ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. |
| FORM 990, PAGE 6, PART VI, LINE 11B | THE EXECUTIVE COMMITTEE APPROVES THE 990 BEFORE IT IS FILED. A COPY IS THEN PROVIDED TO THE BOARD. |
| FORM 990, PAGE 6, PART VI, LINE 12C | MEMPHIS FOURTH ESTATE, INC REQUESTS KEY EMPLOYEES AND BOARD MEMBERS TO REVIEW AND SIGN A CONFLICT OF INTEREST POLICY THAT REQUIRES DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THEY ARE TO DESCRIBE ANY RELATIONSHIP, POSITIONS, OR CIRCUMSTANCES THAT COULD CONTRIBUTE TO A CONFLICT OF INTEREST ARISING. |
| FORM 990, PAGE 6, PART VI, LINE 19 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART IX, LINE 24E | CONTRACT LABOR 181,195 0 0 TRAVEL AND MEETINGS 150,000 0 0 CREDIT CARD PROCESSING 0 82,472 0 ROU LEASE AMORTIZATION 0 57,440 0 DUES AND SUBSCRIPTIONS 42,015 0 0 DUES AND SUBSCRIPTIONS 41,289 0 0 INSURANCE 23,782 0 0 OCCUPANCY 15,550 0 0 DUES AND SUBSCRIPTIONS 0 12,432 0 REPAIRS AND MAINTENANCE 10,373 0 0 BAD DEBT 0 8,469 0 REPAIRS AND MAINTENANCE 0 2,018 0 1,835 0 0 TOTAL 466,039 162,831 0 |
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