River City Capital Investment LLC
River City Capital LLC is a CDFI(Community Development Financial Institution) with a dedicated mission to accelerate shared prosperity & revitalization in underserved communities through the provisions of capital in Memphis & Shelby County.
River City Capital Investment LLC at a glance
In short: River City Capital Investment LLC gave $43K across 4 grants in 2025 (avg $11K), mostly in Tennessee. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $43,483
- Grants made (2025)
- 4
- Average grant
- $10,871
- Median grant
- $7,200
- Total assets
- $8,181,177
- +21.2% vs 2024
- Primary geography
- Tennessee (100% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who River City Capital Investment LLC funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2025
The largest 2025 recipient was Memphis Slim Collaboratory ($22K). Together the top 4 received $43K.
Grant Size Distribution
4 grants across all recorded years
The most common grant size was under $50K: 4 grants of 4 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 4 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2025 it made 4 grants totaling $43K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Memphis Slim Collaboratory Memphis, TN | Community Deveopment | $21,883 |
| Mathnasium Memphis, TN | Community Development | $7,200 |
| Style Diva Cordova, TN | Community Development | $7,200 |
| Any Body Yoga Memphis, TN | Community Development | $7,200 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $8,181,177 | $2,295,857 | $848,226 | $43,483 | 4 | — |
| 2024 | $6,752,719 | $996,587 | $741,112 | — | — | $82,724 |
| 2023 | $5,591,636 | $1,690,280 | $578,486 | — | — | — |
| 2022 | $4,501,798 | $1,200,472 | $939,223 | — | — | $80,389 |
| 2021 | $3,924,598 | $2,300,469 | $1,972,595 | — | — | $55,125 |
| 2020 | $3,412,993 | $1,279,618 | $196,595 | — | — | $83,381 |
About River City Capital Investment LLC
Based on IRS filings
River City Capital Investment LLC is a public charity focused on Community Improvement & Capacity Building, based in Memphis, TN. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $8.2M in total assets. In 2025, it awarded 4 grants totaling $43K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
River City Capital Investment LLC is led by Luther Mercer, President since 2023 (on filings since 2021); 1 of 11 officers listed in 2025 is compensated.
Officers on the 2025 filing
Luther Mercer
President
President → Past President, 2022
Past President → President, 2023
On filings since 2021
4 hrs/week
$27K (2022) → $52K (2025)
John Daniel
Vice Chairman
Board Member → Vice Chairman, 2022
On filings since 2020
3 hrs/week
No compensation reported
Mark Yates
Board Member
Chairman → Board Member, 2022
On filings since 2020
2 hrs/week
No compensation reported
Michelle Couch
Secretary
Board Member → Secretary, 2021
On filings since 2020
2 hrs/week
No compensation reported
Phillip May
Treasurer
Treasurer → Board Member, 2022
Board Member → Treasurer, 2023
On filings since 2020
2 hrs/week
No compensation reported
Sean Norris
Board Member
On filings since 2020
3 hrs/week
No compensation reported
Andrea Johnson
Treasurer
Board Member → Treasurer, 2024
On filings since 2022
3 hrs/week
No compensation reported
Larry Neal Jr.
Board Member
On filings since 2022
3 hrs/week
No compensation reported
Joann Massey
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Patrice Thomas
Board Member
On filings since 2024
3 hrs/week
No compensation reported
Summer Owens
Board Member
On filings since 2024
2 hrs/week
No compensation reported
Former officers (12)
- Former: Gwyn Fisher (2020–2023) — Chairperson
- Former: Joshua Poag (2020–2023) — Chairman
- Former: Carlee Mc Cullough (2023) — Board Member
- Former: Trey McKnight (2023) — Board Member
- Former: John Lawrence (2020–2022) — Board Member
- Former: Carlee McCullough (2022) — Board Member
- Former: Ron Brooks (2022) — President
- Former: Whitney Hardy (2020–2021) — Board Member
- Former: William Stemmler Jr. (2020–2021) — Vice Chairman
- Former: Matthew Prince (2021) — Board Member
- Former: Eric Robertson (2020) — President
- Former: Herman Strickland (2020) — Scretary
Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $52K, to Luther Mercer (President).
Frequently asked questions about River City Capital Investment LLC
How much does River City Capital Investment LLC give each year?
River City Capital Investment LLC gave $43K across 4 grants in 2025, according to its 2025 IRS Form 990.
What is River City Capital Investment LLC's typical grant size?
River City Capital Investment LLC's median grant in 2025 was $7,200, and its average grant was $10,871, across 4 grants on its 2025 IRS Form 990.
Where does River City Capital Investment LLC give grants?
River City Capital Investment LLC gives mostly in Tennessee: 100% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The most frequent recipient cities were Memphis, TN (3 grants).
Does River City Capital Investment LLC give general operating support?
Not in 2025: none of the 4 grants with a stated purpose on River City Capital Investment LLC's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Community Development" (3 grants).
How large is River City Capital Investment LLC?
River City Capital Investment LLC reported $8.2M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.3M.
What is River City Capital Investment LLC?
River City Capital Investment LLC is a public charity focused on Community Improvement & Capacity Building, based in Memphis, TN. It holds $8.2M in total assets as of 2025.
What is River City Capital Investment LLC's EIN?
River City Capital Investment LLC's EIN (Employer Identification Number) is 27-3941432. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS August 28, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
Live grants for the work River City Capital Investment LLC funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in River City Capital Investment LLC's focus areas in our free grants database
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Funders with grantees in common, and similar funders in Tennessee
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