Nexus Leaders Inc

Nonprofit profile at a glance

EIN
262444063
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Memphis, TN, USA
Phone
9014540034
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Adult, Continuing Education

Official website

Reported finances

Revenue
$107,677
Expenses
$104,901
Assets
$60,770
Liabilities
$1,696

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

People named in this filing

  • Bathsheba Sams (Board Chairman)
  • Matt Gandy (Board Vice Chairman)
  • Amy Beth Dudley (Board Member)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

NEXUS continues to be a vehicle for development and improvement of leadership skills through interactive teaching speaker sessions over dinner, one-on-one mentoring, service opportunities, and development workshops, paired with a proven curriculum. NEXUS is responsible for speaker expenses, dinners, and equips participants with the resources and reading materials set within the curriculum.

What it reported doing in 2024

Special events are held throughout the year in addition to the monthly speaker sessions, and all have a focused purpose. A few special events include: NEXUS Night Out Alumni event, Advisory Committee Meetings, Program Committee and Board Meetings, Partnership Meetings, Training Workshops, Service Projects, NEXUS Night Out Alumni event, Lunch Speaker Series, NEXUS IN MOTION, and a Recruitment reception; all supporting our mission and focused on the betterment of the NEXUS program and our city.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 23
  • Transparency & Controls: 100
  • Sustainability: 43
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22.8%; rating input score 23
  • Program expense ratio: 23.4%; rating input score 23

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 2.6%; rating input score 41; 41st percentile among comparable filings
  • Total-asset coverage ratio: 0.58; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 10% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 22.8% of revenue deployed · 23.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $25K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 23/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • Moderate — Sustainability: Operating margin scored 41/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.