Public Charity

GENEROUS LIFE FOUNDATION D/B/A MEMPHIS DREAM CENTER

GENEROUS LIFE FOUNDATION D/B/A MEMPHIS DREAM CENTER is a nonprofit organization categorized as Public Charity based in CORDOVA, TN. Its most recent IRS filing (2025) reports revenue of $740K, expenses of $678K, total assets of $387K. Imperigo tracks 19 reported grant relationships connected to this organization totaling approximately $213K.

EIN: 311685087 CORDOVA, TN Human Service Organizations NTEE: P20 Latest filing: 2025
Total Revenue$740K
Total Expenses$678K
Total Assets$387K
Grant Records19
Funding Total$213K
Filing Years2020–2025

Mission

TO IMPACT THE CITY OF MEMPHIS (AND OTHER URBAN AREAS) WITH EFFECTIVE COMMUNITY SERVICE AND TO PROVIDE RELIEF AND EDUCATION TO THE POOR, DISTRESSED, AND UNDERPRIVILEGED.

Officers & Directors

SECRETARY Barbara Derouen
CHAIRMAN Jane Lawson
EXECUTIVE DIRECTOR, MDC J Eric Stone
BOARD MEMBER Joshua Cotten
TREASURER Phillip Rix
BOARD MEMBER Reymundo Meneses

Officer compensation and complete director data available with membership.

Top Grant Purposes

Mission Support
$76,200 5 grants
GENERAL SUPPORT
$52,306 4 grants
EDUCATIONAL SUPPORT
$45,000 1 grant
CHILDHOOD HUNGER PROGRAMS
$13,000 1 grant
UNRESTRICTED
$10,724 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $740K $678K $387K
2024 $993K $981K $320K
2023 $1.1M $1.0M $335K
2022 $865K $861K $203K
2020 $526K $438K $198K

Between 2020 and 2025, reported annual revenue grew from $526K to $740K (+41%), with total assets most recently reported at $387K.

Interactive year-over-year charts and full filing details available with membership.

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