Program areas at Memphis Medical District Collaborative
The organizations purpose is to make the Memphis Medical District more vibrant, prosperous, equitable. The organization was formed to provide community development and revitalization of the Memphis Medical District and surrounding areas through real estate development, economic development, business attraction, job grouwth, enchancement of safety and security, cleaning and landscaping, marketing and coordination amoung area institutios, organizations, government enitities business and residents. There were 33,058 employees, students, residents and business benefited.
Who funds Memphis Medical District Collaborative
Grants from foundations and other nonprofits
| Grantmaker | Grantmaker tax period | Description | Amount |
|---|
| JR Hyde Iii Family Foundation | 2022-12 | Support To Build Individual Staff Capacity To Lead / General Operating Support | $1,015,030 |
| Methodist Le Bonheur Healthcare | 2022-12 | MMD-2022 Annual Support | $422,000 |
| Kresge Foundation | 2022-12 | To Provide General Operating Support for the Memphis Medical District Collaborative (MMDC) As They Deploy Community Investment Models To Help Close the Racial Wealth Gap As A Pathway To A More Equitable District and City. | $250,000 |
| ...and 5 more grants received |
Personnel at Memphis Medical District Collaborative
| Name | Title | Compensation | Date of data |
|---|
| Abigail Sheridan | Vice President , Chief Operating Officer | $137,250 | 2022-12-31 |
| Keesa Mitchell | Vice President of Operations | | 2024-02-20 |
| Ben Schulman | Vice President , Director of Real Estate and Economic Development | $124,800 | 2024-02-20 |
| Emily Harris | Program Director | | 2024-02-20 |
| Emily Harris Halpern | Program Director , Communications and Engagement | | 2024-02-20 |
| ...and 10 more key personnel |
Financials for Memphis Medical District Collaborative
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $2,785,063 | $2,366,227 | 17.7% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $175,527 | $6,306 | 2683.5% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $9,000 | -100% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $15,200 | $0 | 999% |
| Total revenues | $2,975,790 | $2,381,533 | 25% |
Organizations like Memphis Medical District Collaborative
| Organization | Type | Location | Revenue |
|---|
| Southwest Michigan First Corporation | 501(c)(3) | Kalamazoo, MI | $8,034,787 |
| Boston Local Development Corporation | 501(c)(3) | Boston, MA | $1,971,693 |
| Eagle Market Streets Development Corporation (EMSDC) | 501(c)(3) | Asheville, NC | $3,101,437 |
| New Kensington Community Development Corp | 501(c)(3) | Philadelphia, PA | $3,943,941 |
| Kentucky River Area Development District (KRADD) | 501(c)(3) | Hazard, KY | $6,007,276 |
| Rochester Economic Development Corporation | 501(c)(3) | Rochester, NY | $1,673,115 |
| Chicago Neighborhood Initiatives | 501(c)(3) | Chicago, IL | $3,776,635 |
| Hyattsville Community Development Corporation | 501(c)(3) | Hyattsville, MD | $1,398,223 |
| Detroit Development Fund | 501(c)(3) | Detroit, MI | $4,151,318 |
| Jefferson County Local Development Corporation | 501(c)(3) | Watertown, NY | $1,769,039 |
Data update history
August 28, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 27, 2024
Updated personnel
Identified 1 new personnel
August 25, 2024
Used new vendors
Identified 2 new vendors, including , and
February 20, 2024
Updated personnel
Identified 5 new personnel
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
MembershipsOperates donor advised fundsState / local levelReceives government fundingTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 656 Madison Ave
- Memphis, TN 38103
- Metro area
- Memphis, TN-MS-AR
- County
- Shelby County, TN
- Website URL
- memphismedicaldistrict.org/Â
- Phone
- (901) 552-4781
IRS details
- EIN
- 81-0729268
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2015
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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