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516 FOUNDATION INC

MEMPHIS, Tennessee, 38125

EIN: 90-0746705

Youth Development

MISSION

CHRISTINA ROSENTHAL

 FORM 1023-EZ for 516 FOUNDATION INC

DETERMINEDTOBEADOCTOR.COM

DEMOGRAPHIC

ADDRESS
PO BOX 25423
38125
COUNTY
shelby county, TN

ORGANIZATIONAL OVERVIEW & RANKINGS

516 FOUNDATION INC is a based in MEMPHIS, TN, focused on Youth Development causes , specifically Youth Development Programs, Other. Established in August 2023, it operates as an independent corporation and contributions to this organization are tax-deductible .

With total assets of $0.00, this ranks 979,458 among 2,656,690 nonprofits nationally (Top 37%), demonstrating moderate financial capacity relative to its peers. At the state level, it stands at 30,942 out of 52,500 organizations in TN (Top 59%).

In shelby county, TN, the organization ranks 4,005 out of 12,814 nonprofits by assets (Top 32%), while locally in memphis, it stands at 2,091 among 10,368 organizations (Top 21%).

The organization reported no revenue in the most recent filing period, placing it at 1,277,550 nationally and 21,396 in TN.

Within its specific NTEE classification (O50 - O: Youth Development), which includes 37,455 similar organizations, 516 FOUNDATION INC ranks 9,126 in assets (Top 25%) and 8,799 in revenue (Top 24%).

Note: This organization's tax-exempt status was temporarily revoked on May 15, 2014 and was reinstated on February 15, 2017 .

The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year. Additional information can be found at DETERMINEDTOBEADOCTOR.COM.

CLASSIFICATION

ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
O: Youth Development
NTEE CODE
O50: Youth Development Programs, Other
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A

FINANCIALS

Note: A past revocation appears on the IRS revocation list
Revoked: Thursday, May 15, 2014;
Reinstated: Wednesday, February 15, 2017
Data current as of Oct. 2024
TAX PERIOD
12/2018
ACCOUNTING PERIOD
12
INCOME CODE
N/A
INCOME AMOUNT
$0.00
FORM 990 REVENUE AMOUNT
$0.00
RULING DATE
08/2023
ASSET CODE
N/A
ASSET AMOUNT
$0.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return

Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.

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