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Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$5.4M
Program Spending
84%
of total expenses go to program services
Total Contributions
$870.1K
Total Expenses
▼$11.1M
Total Assets
$26.7M
Total Liabilities
▼$25M
Net Assets
$1.7M
Officer Compensation
→$420.7K
Other Salaries
$1.2M
Investment Income
$16.7K
Fundraising
▼N/A
Source: USAspending.gov · Searched by organization name
Total Federal Funding
$3.7M
Awards Found
1
Department of Commerce
$3.7M
THIS EDA INVESTMENT SUPPORTS THE CONSTRUCTION OF A TAILOUT TRAIL IN THE TOM LEE PARK, A STUNNING NEW RIVERFRONT PARK IN MEMPHIS BEING BUILT ON THE STORIED MISSISSIPPI RIVER. THE TAILOUT TRAIL, WILL BE ONE-OF-A-KIND, INVITING VISITORS UP AND (DURING HIGH WATER) OVER RIVER HABITAT FOR SPECTACULAR VIEWS OF THE MISSISSIPPI, THE ARKANSAS FLOODPLAIN AND THE MORE THAN 325 BIRD SPECIES. THE PROJECT WILL DRAW NATIONAL ATTENTION AND SUPPORT TO MEMPHIS AND IS EXPECTED TO BRINGS THOUSANDS OF NEW VISITORS TO THE RIVERFRONT. THESE VISITORS WILL HAVE A SIGNIFICANT IMPACT ON NEARBY RESTAURANTS, MUSIC VENUES AND HOTELS. ONCE COMPLETED, THE TAILOUT TRAIL WILL BE A MAJOR FOCAL POINT FOR ECO-TOURISM IN MEMPHIS, SPAWNING NEW SMALL BUSINESSES ASSOCIATED WITH RIVER TOURING, BIKING, AND HIKING, WHICH WILL HELP INCREASE EMPLOYMENT OPPORTUNITIES, SPUR PRIVATE INVESTMENT, AND ADVANCE ECONOMIC RESILIENCY THROUGHOUT THE REGION.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
1
Clean Audits
1
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $1.8M | No | 2026-04-10 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.8M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $5.4M | $870.1K | $11.1M | $26.7M | $1.7M |
| 2022 | $18.6M | $13.2M | $28M | $33.6M | $28.1M |
| 2021 | $20.2M | $15M | $10.2M | $39.6M | $37.5M |
| 2020 | $32.5M | $27.2M | $5.9M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Federal grants: USAspending.gov (live)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Carol Coletta | President | 40 | $234.4K | $0 | $19K | $253.4K |
| Arthur Davis | Chief Operating Officer | 40 | $152.2K | $0 | $15.1K | $167.3K |
| Tammy Locascio | Assistant Secretary | 1 | $0 | $0 | $0 | $0 |
| Gregory M Ducket | Chairperson Emeritus | 1 | $0 | $0 | $0 | $0 |
| Tyree Daniels | Chair | 1 | $0 | $0 | $0 | $0 |
| Ray Pohlman | Immediate Past Chair | 1 | $0 | $0 | $0 | $0 |
| Robert Clark | Vice Chair | 1 | $0 | $0 | $0 | $0 |
| Sam Cantor | Treasurer | 1 | $0 | $0 | $0 | $0 |
Carol Coletta
President
$253.4K
Hrs/Wk
40
Compensation
$234.4K
Related Orgs
$0
Other
$19K
Arthur Davis
Chief Operating Officer
$167.3K
Hrs/Wk
40
Compensation
$152.2K
Related Orgs
$0
Other
$15.1K
Tammy Locascio
Assistant Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gregory M Ducket
Chairperson Emeritus
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tyree Daniels
Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ray Pohlman
Immediate Past Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Robert Clark
Vice Chair
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sam Cantor
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| George Abbot | Director Of External Affairs | 40 | $138.8K | $0 | $14.9K | $153.7K |
| Michael Nolan | Director Of Riverfront Property | 40 | $144.8K | $0 | $7,964 | $152.8K |
George Abbot
Director Of External Affairs
$153.7K
Hrs/Wk
40
Compensation
$138.8K
Related Orgs
$0
Other
$14.9K
Michael Nolan
Director Of Riverfront Property
$152.8K
Hrs/Wk
40
Compensation
$144.8K
Related Orgs
$0
Other
$7,964
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Alan Crone | Board Member | 1 | $0 | $0 | $0 | $0 |
| Amity Schuyler | Board Member | 1 | $0 | $0 | $0 | $0 |
| Billy Orgel | Board Member | 1 | $0 | $0 | $0 | $0 |
| Bruce B Hopkins | Board Member | 1 | $0 | $0 | $0 | $0 |
| Bruce Mcmullen | Board Member | 1 | $0 | $0 | $0 | $0 |
| Calvin Anderson | Secretary |
Alan Crone
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Amity Schuyler
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Billy Orgel
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $29.1M |
| $27.5M |
| 2019 | $7.8M | $83.9K | $7.6M | $4.3M | $901.3K |
| 2018 | $6.6M | $402.5K | $6.6M | $2.3M | $738.3K |
| 2017 | $6.3M | $558.1K | $6.3M | $1.8M | $696.4K |
| 2016 | $5.8M | $146K | $5.7M | $2M | $723K |
| 2015 | $6.6M | $91.2K | $6.8M | $1.5M | $637.6K |
| 2014 | $9.5M | $569.4K | $9.4M | $1.8M | $617K |
| 2013 | $13.5M | $33K | $14.2M | $2.4M | $521.2K |
| 2012 | $14.9M | $0 | $16.3M | $2.9M | $1.1M |
| 2022 | 990 | Data |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | — |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Cathy Lynch | Board Member | 1 | $0 | $0 | $0 | $0 |
| Chandell Ryan | Board Member - Ex-officio | 1 | $0 | $0 | $0 | $0 |
| Eric Brown | Board Member | 1 | $0 | $0 | $0 | $0 |
| Gabe Franceschi | Board Member | 1 | $0 | $0 | $0 | $0 |
| Gary K Wunderlich Jr | Board Member | 1 | $0 | $0 | $0 | $0 |
| Jen Andrews | Board Member - Ex-officio | 1 | $0 | $0 | $0 | $0 |
| Jw Gibson Ii | Board Member | 1 | $0 | $0 | $0 | $0 |
| Kevin Woods | Board Member | 1 | $0 | $0 | $0 | $0 |
| Kim Jordan | Board Member | 1 | $0 | $0 | $0 | $0 |
| Liz Gilliland | Board Member | 1 | $0 | $0 | $0 | $0 |
| Maxine Max Wondries | Board Member | 1 | $0 | $0 | $0 | $0 |
| Michelle Mckissack | Board Member | 1 | $0 | $0 | $0 | $0 |
| Molly Wexler | Board Member | 1 | $0 | $0 | $0 | $0 |
| Penelope Huston | Board Member - Ex-officio | 1 | $0 | $0 | $0 | $0 |
| Philip Spinosa | Board Member | 1 | $0 | $0 | $0 | $0 |
| Robert Craddock | Board Member | 1 | $0 | $0 | $0 | $0 |
| Shanea Mckinney | Board Member | 1 | $0 | $0 | $0 | $0 |
| Teresa Sloyan | Board Member | 1 | $0 | $0 | $0 | $0 |
| Tom Grimes | Board Member | 1 | $0 | $0 | $0 | $0 |
| Van D Turner Jr | Board Member | 1 | $0 | $0 | $0 | $0 |
Bruce B Hopkins
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Bruce Mcmullen
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Calvin Anderson
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Cathy Lynch
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Chandell Ryan
Board Member - Ex-officio
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Eric Brown
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gabe Franceschi
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Gary K Wunderlich Jr
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jen Andrews
Board Member - Ex-officio
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Jw Gibson Ii
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kevin Woods
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Kim Jordan
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Liz Gilliland
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Maxine Max Wondries
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Michelle Mckissack
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Molly Wexler
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Penelope Huston
Board Member - Ex-officio
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Philip Spinosa
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Robert Craddock
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Shanea Mckinney
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Teresa Sloyan
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tom Grimes
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Van D Turner Jr
Board Member
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0