Nonprofit · EIN 62-1542790
CORRECTIONAL ALTERNATIVE INCORPORATED
Tax-exempt · MEMPHIS, TN 38134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,000,995 | $1,068,969 | -$67,974 | $450,404 | $414,879 | $35,525 |
| June 30, 2024 | 990 | $1,052,207 | $1,062,970 | -$10,763 | $592,456 | $488,957 | $103,499 |
| June 30, 2023 | 990 | $899,803 | $910,390 | -$10,587 | $569,636 | $455,374 | $114,262 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $984,335
- of which government grants
- $984,335
- Program service revenue
- $16,660
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $176,477
- Other salaries and wages
- $389,056
- Salaries, compensation and benefits (total)
- $623,133
- Professional fundraising fees
- $0
- Accounting fees
- $13,785
- Occupancy
- $87,929
- Travel
- $31,318
- Depreciation
- $4,045
- Program services (functional)
- $798,241
- Management and general (functional)
- $270,728
Balance sheet and other
- Total assets, start of year
- $592,456
- Total assets, end of year
- $450,404
- Total liabilities, end of year
- $414,879
- Net assets, end of year
- $35,525
- Land, buildings and equipment
- $5,012
- Net assets without donor restrictions
- $35,525
- Gross receipts
- $1,000,995
- Employees
- 12
- Volunteers
- 0
- Year formed
- 1993
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| COLLEEN MCALLISTER | SECRETARY/TREASURER Trustee or director, Officer | 40 | $84,360 | $4,590 |
| TRACI MATHEWS | PRESIDENT Trustee or director, Officer | 40 | $83,587 | $3,940 |
990 for the year ended June 30, 2024: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| COLLEEN MCALLISTER | TREASURER Trustee or director, Officer | 40 | $76,228 |
| TRACI MATHEWS | PRESIDENT Trustee or director, Officer | 40 | $76,228 |
990 for the year ended June 30, 2023: 2 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| COLLEEN MCALLISTER | TREASURER Trustee or director, Officer | 40 | $0 | $76,224 |
| TRACI MATHEWS | PRESIDENT Trustee or director, Officer | 40 | $0 | $76,224 |
Address and contacts
- Address (IRS master file)
- 2175 BUSINESS CENTER DR STE 7, MEMPHIS, TN 38134-5628
- Principal officer (990 for 2024)
- TRACI MATTHEWS, 2175 BUSINESS CENTER DR SUITE 7, MEMPHIS, TN 38134
- Signed the 990
- TRACI MATTHEWS, PRESIDENT
- Phone
- (901) 452-7449
- Return prepared by
- LBMC PC
Mission
IMPLEMENTATION OF AN ALTERNATIVE PUNISHMENT PROGRAM FOR NONVIOLENT CRIMINAL OFFENDERS.
Program accomplishments
- DEVELOPED AND IMPLEMENTED AN ALTERNATIVE PUNISHMENT PROGRAM WITH AN AVERAGE CASELOAD OF OVER 400 NONVIOLENT CRIMINAL OFFENDERS.Expenses $798,241 · revenue $16,660
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1542790
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20Z)
- Assets (IRS master file)
- $450,404
- Income (IRS master file)
- $1,000,995
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,000,995 | $1,068,969 | $450,404 | XML |
| 990 | June 2024 | $1,052,207 | $1,062,970 | $592,456 | XML |
| 990 | June 2023 | $899,803 | $910,390 | $569,636 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1542790).
Questions about CORRECTIONAL ALTERNATIVE INCORPORATED
- What is the EIN of CORRECTIONAL ALTERNATIVE INCORPORATED?
- The employer identification number (EIN) of CORRECTIONAL ALTERNATIVE INCORPORATED is 62-1542790.
- Is CORRECTIONAL ALTERNATIVE INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to CORRECTIONAL ALTERNATIVE INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CORRECTIONAL ALTERNATIVE INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CORRECTIONAL ALTERNATIVE INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CORRECTIONAL ALTERNATIVE INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CORRECTIONAL ALTERNATIVE INCORPORATED?
- The 990 for the year ended June 30, 2025 names TRACI MATTHEWS.
- Who are the officers and directors of CORRECTIONAL ALTERNATIVE INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 2 people; 2 received compensation from the organization, the highest $84,360 (COLLEEN MCALLISTER, SECRETARY/TREASURER).
- How much revenue does CORRECTIONAL ALTERNATIVE INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,000,995, expenses of $1,068,969 and total assets of $450,404 at year end.
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