Nonprofit · EIN 85-4051247
CONVERGENCE MEMPHIS INC
Tax-exempt · MEMPHIS, TN 38112
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $265,593 | $171,229 | $94,364 | $457,612 | $6,179 | $451,433 |
| June 30, 2024 | 990 | $18,304 | $25,030 | -$6,726 | $357,118 | $0 | $357,118 |
| December 31, 2023 | 990 | $433,666 | $230,752 | $202,914 | $368,594 | $4,750 | $363,844 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $263,750
- of which government grants
- $110,000
- Program service revenue
- $0
- Investment income
- $1,843
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $19,052
- Other salaries and wages
- $94,823
- Salaries, compensation and benefits (total)
- $136,026
- Professional fundraising fees
- $0
- Occupancy
- $464
- Travel
- $1,175
- Program services (functional)
- $171,229
Balance sheet and other
- Total assets, start of year
- $357,118
- Total assets, end of year
- $457,612
- Total liabilities, end of year
- $6,179
- Net assets, end of year
- $451,433
- Net assets without donor restrictions
- $451,433
- Gross receipts
- $265,593
- Employees
- 3
- Volunteers
- 30
- Year formed
- 2020
- 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 | From related orgs |
|---|---|---|---|---|
| AMY SCHAFTLEIN | EXECUTIVE DI Trustee or director, Officer | 1 | $19,052 | $101,964 |
| MICHELE COUCH | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| ANDRE FOWLKES | MEMBER Trustee or director | 0.5 | $0 | $0 |
| JEREMY LESS | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 | $0 |
| KEITH TURBETT | MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHELLE COUCH | TREASURER Trustee or director, Officer | 0.5 | $0 |
| ANDRES GALLEGOS | DIRECTOR Trustee or director | 0.5 | $0 |
| CHERYL HENDESON | DIRECTOR Trustee or director | 0.5 | $0 |
| SHARON HYDE | SECRETARY Trustee or director, Officer | 0.5 | $0 |
| ANDRE JONES | DIRECTOR Trustee or director | 0.5 | $0 |
| RODNEY TATE JR | DIRECTOR Trustee or director | 0.5 | $0 |
| KATE KANANURA | DIRECTOR Trustee or director | 0.5 | $0 |
| GEOFFF LEWIS | VICE CHAIR Trustee or director, Officer | 0.5 | $0 |
| JEFF MCEVOY | DIRECTOR Trustee or director | 0.5 | $0 |
| AMY SCHAFTLEIN | EXECUTIVE DI Trustee or director, Officer | 1 | $0 |
| LOUISA SHEPHERD | DIRECTOR Trustee or director | 0.5 | $0 |
| EMILY TRENHOLM | DIRECTOR Trustee or director | 0.5 | $0 |
| KEITH TURBETT | BOARD CHAIR Trustee or director, Officer | 0.5 | $0 |
| DEXTER WASHINGTON | DIRECTOR Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Doreen Graves | Executive Director Key employee, Highest-paid employee | 40 | $92,013 |
| J Ford Canale | Director Trustee or director | 1 | $0 |
| Chance Carlisle | Director Trustee or director | 1 | $0 |
| Keith Turbett | Director Trustee or director | 1 | $0 |
| Paul Young | Director Trustee or director | 1 | $0 |
| Andrew Fowlkes | Director Trustee or director | 1 | $0 |
| Eduardo Sanchez | Director Trustee or director | 1 | $0 |
| Karen Stewart | Director Trustee or director | 1 | $0 |
| Michael Harris | Director Trustee or director | 1 | $0 |
| Rose OMalley | Director Trustee or director | 1 | $0 |
| Regina Hubbard | Director Trustee or director | 1 | $0 |
| William Jr Chase Jr | Director Trustee or director | 1 | $0 |
| Steve OConnor | Director Trustee or director | 1 | $0 |
| J Martin Regan | Director Trustee or director | 1 | $0 |
| Ted Townsend | Director Trustee or director | 1 | $0 |
| Ralph Perrey | Director Trustee or director | 1 | $0 |
| Jeremy Less | Vice Chairperson Trustee or director, Officer | 1 | $0 |
| Dorothy Cleaves | Board Chair Trustee or director, Officer | 1 | $0 |
| Jeff McEvoy | Secretary Trustee or director, Officer | 1 | $0 |
| Brody Wamble | Treasurer Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 355 N MERTON ST, MEMPHIS, TN 38112-3313
- Mailing address (990-N for 2021)
- 1519 Union Ave Unit 320, Memphis TN 38104
- Principal officer (990 for 2024)
- JEREMY LESS
- Principal officer (990-N for 2021)
- Dorothy Cleaves, 999 S Shady Grove Rd Ste 208, Memphis TN 38120
- Signed the 990
- AMY SCHAFTLEIN, EXECUTIVE DIRECTOR
- Phone
- (901) 272-1122
- Website
- www.convergencememphis.org
- Return prepared by
- CULVER PLLC
Mission
WORKING TOGETHER TO FACILITATE NEW SOLUTIONS THAT BRING RACIAL EQUITY TO HOMEOWNERSHIP.
Program accomplishments
- THE ORGANIZATION HOSTED CONSUMER OUTREACH AND EDUCATION SEMINARS AS WELL AS INDSTRUY EXPERT COLLABORATIONS. COLLABORATED TO FUND A LOCAL LAND TRUST.Expenses $171,229 · revenue $265,593
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
- 85-4051247
- 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
- 2021
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $457,612
- Income (IRS master file)
- $265,593
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $265,593 | $171,229 | $457,612 | XML |
| 990 | June 2024 | $18,304 | $25,030 | $357,118 | IRS |
| 990 | December 2023 | $433,666 | $230,752 | $368,594 | XML |
| 990 | December 2022 | $265,218 | $104,288 | $161,847 | IRS |
| 990-N for 2021 Officer: Dorothy Cleaves | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-4051247).
Questions about CONVERGENCE MEMPHIS INC
- What is the EIN of CONVERGENCE MEMPHIS INC?
- The employer identification number (EIN) of CONVERGENCE MEMPHIS INC is 85-4051247.
- Is CONVERGENCE MEMPHIS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to CONVERGENCE MEMPHIS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CONVERGENCE MEMPHIS INC 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 CONVERGENCE MEMPHIS INC 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 CONVERGENCE MEMPHIS INC 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 CONVERGENCE MEMPHIS INC?
- The 990 for the year ended June 30, 2025 names JEREMY LESS.
- Who are the officers and directors of CONVERGENCE MEMPHIS INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $19,052 (AMY SCHAFTLEIN, EXECUTIVE DI).
- How much revenue does CONVERGENCE MEMPHIS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $265,593, expenses of $171,229 and total assets of $457,612 at year end.
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