Civic Intelligence

Memphis Teacher Residency Inc.

990 • Fiscal year 2012 • EIN 26-4440905

Jun 01, 2011 to May 31, 2012 • Filed on Nov 21, 2012

Organization ProfileWWW.MEMPHISTR.ORG
PO Box 24163938241-1639
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.09x

Higher debt load relative to assets than 45% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

13th percentile

-10.0%

Faster asset growth than 13% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$474,803

Down $52,637 (-10.0%) from 2011

Net Assets

Down

$433,131

Down $80,859 (-16%) from 2011

Liabilities

Up

$41,672

Up $28,222 (+210%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$1,806,746

Up $639,220 (+55%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth13th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $543,556Liabilities 2010: $540Net Assets 2010: $543,0162010Assets 2011: $527,440Liabilities 2011: $13,450Net Assets 2011: $513,9902011Assets 2012: $474,803Liabilities 2012: $41,672Net Assets 2012: $433,1312012Assets 2013: $484,932Liabilities 2013: $54,011Net Assets 2013: $430,9212013Assets 2014: $676,460Liabilities 2014: $33,583Net Assets 2014: $642,8772014Assets 2015: $749,836Liabilities 2015: $28,247Net Assets 2015: $721,5892015Assets 2016: $1,177,359Liabilities 2016: $0Net Assets 2016: $1,177,3592016Assets 2017: $4,803,457Liabilities 2017: $472,334Net Assets 2017: $4,331,1232017Assets 2018: $3,331,226Liabilities 2018: $40,823Net Assets 2018: $3,290,4032018Assets 2019: $3,220,596Liabilities 2019: $12,162Net Assets 2019: $3,208,4342019Assets 2020: $4,663,316Liabilities 2020: $12,008Net Assets 2020: $4,651,3082020Assets 2021: $4,198,944Liabilities 2021: $33,203Net Assets 2021: $4,165,7412021Assets 2022: $5,540,031Liabilities 2022: $35,022Net Assets 2022: $5,505,0092022Assets 2023: $17,352,776Liabilities 2023: $11,935,269Net Assets 2023: $5,417,5072023Assets 2024: $17,899,568Liabilities 2024: $11,245,893Net Assets 2024: $6,653,6752024Assets 2025: $18,553,897Liabilities 2025: $10,433,004Net Assets 2025: $8,120,8932025

Highlighted filing

2012

Assets$474,803
Liabilities$41,672
Net Assets$433,131
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $748,1182010Expenses 2011: $1,167,5262011Expenses 2012: $1,806,7462012Expenses 2013: $1,904,1242013Revenue 2014: $2,978,737Expenses 2014: $2,766,781Net Income 2014: $211,9562014Revenue 2015: $3,633,299Expenses 2015: $3,554,587Net Income 2015: $78,7122015Revenue 2016: $4,371,571Expenses 2016: $3,915,801Net Income 2016: $455,7702016Revenue 2017: $7,345,710Expenses 2017: $4,191,946Net Income 2017: $3,153,7642017Revenue 2018: $4,367,061Expenses 2018: $5,407,781Net Income 2018: -$1,040,7202018Revenue 2019: $5,672,111Expenses 2019: $5,754,080Net Income 2019: -$81,9692019Revenue 2020: $6,630,350Expenses 2020: $5,187,476Net Income 2020: $1,442,8742020Revenue 2021: $4,736,462Expenses 2021: $5,222,029Net Income 2021: -$485,5672021Revenue 2022: $6,575,161Expenses 2022: $5,235,893Net Income 2022: $1,339,2682022Revenue 2023: $5,262,203Expenses 2023: $5,349,705Net Income 2023: -$87,5022023Revenue 2024: $6,665,811Expenses 2024: $5,429,643Net Income 2024: $1,236,1682024Revenue 2025: $7,623,924Expenses 2025: $6,156,706Net Income 2025: $1,467,2182025

Highlighted filing

2012

Revenue-
Expenses$1,806,746
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jun 1, 2011 to May 31, 2012
Signed
Nov 21, 2012
Return Version
2011v1.2
Gross Receipts
$2,089,375
Mission and Program Overview

Mission

As a response to the gospel mandate to love our neighbors as ourselves, memphis teacher residency ("mtr") will provide students in low-income memphis neighborhoods with the same, or better, quality of education as is available to any student in memphis by recruiting, training, and supporting effective teachers within a christian context.the vision of mtr is to use our specific work within education, in partnership with other holistic organizations, to help restore communities so that all individuals can become empowered contributors to our city and people of all races and classes can engage with one another in peace.

Filing and Contact Details

Filer

EIN
26-4440905
Raw XML Appendix396 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Description0RECRUIT, EQUIPS, AND RETAINS EDUCATORS AND TEACHERS TO WORK WITHIN MEMPHIS, TENNESSEE URBAN SCHOOLS AND PROVIDE THE OPPORTUNITY TO RECEIVE CLASSROOM LEARNING ALONG WITH PRACTICAL EXPERIENCE SINCE THE PROGRAM PARTICIPANTS ARE PAIRED WITH AN EXPERIENCED MENTOR-TEACHER IN THEIR CONTENT AREA FOR FOUR DAYS PER WEEK FOR AN ENTIRE SCHOOL YEAR. EACH PARTICIPANT WILL RECEIVE ENDORSEMENTS FOR ELEMENTARY EDUCATION OR SECONDARY EDUCATION IN MATH, BIOLOGY, PHYSICS, CHEMISTRY, SPANISH, HISTORY OR ENGLISH. EACH PARTICIPANT WILL RECEIVE THE FOLLOWING: : MASTERS OF ARTS IN URBAN EDUCATION THROUGH UNION UNIVERSITY : INTENSIVE CLASSROOM EXPERIENCE WITHIN MEMPHIS URBAN SCHOOLS : STATE OF TENNESSEE EDUCATOR LICENSE : LIVING AND HOUSING STIPEND FOR THE 12 MONTH TRAINING PERIOD : ON-GOING EVALUATION AND MENTORING : LEADERSHIP OPPORTUNITIESTHE ESTIMATED COST FOR EACH PARTICIPANT IN THE 12 MONTH TRAINING PROGRAM IS $30,000. THE NUMBER OF PROGRAM PARTICIPANTS FOR THE YEAR ENDED MAY 31, 2012, IS 32.
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IRS990ScheduleO/GeneralExplanation/Explanation0DAVID MONTAGUE, EXECUTIVE DIRECTOR AND EMPLOYEE, AND ROBERT MONTAGUE, TREASURER AND UNCOMPENSATED BOARD MEMBER, ARE BROTHERS.
IRS990ScheduleO/GeneralExplanation/Explanation1A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE THE RETURN WAS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation2ANNUALLY THE ORGANIZATION REQUIRES THE OFFICERS AND DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN AN ANNUAL CERTIFICATION.
IRS990ScheduleO/GeneralExplanation/Explanation3THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION OF MANAGEMENT, COMPARES TO OTHER SIMILAR NOT FOR PROFITS IN THE MEMPHIS AREA, CONSULTS WITH OTHER SIMILAR ORGANIZATIONS, AND SETS THE COMPENSATION COMMENSURATE WITH RESPONSIBILITIES.
IRS990ScheduleO/GeneralExplanation/Explanation4MEMPHIS TEACHER RESIDENCY, INC. HAS ALL DOCUMENTS REQUIRED TO BE AVAILABLE FOR INSPECTION IN A SPECIFIC BINDER MARKED "OPEN FOR PUBLIC INSPECTION" AND IS READILY AVAILABLE UPON REQUEST BY THE PUBLIC.
IRS990ScheduleO/GeneralExplanation/Explanation5PRIOR PERIOD ADJUSTMENTS: -363,488.
IRS990ScheduleO/GeneralExplanation/Explanation6THE AUDITORS FOR THE INITIAL AUDIT WERE SELECTED BY A BOARD MEMBER AND AN INDPENDENT CONSULTANT WITH NO CHANGE IN THE PROCESS EXPECTED.
IRS990ScheduleO/GeneralExplanation/Explanation7THE PRIOR PERIOD ADJUSTMENT IS A CORRECTION OF AN ERROR TO REFLECT A REDUCTION IN CERTAIN PREPAID EXPENSES TO PRESENT THE BEGINNING NET ASSETS UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES.
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IRS990/TotalLiabilitiesEOY041672
IRS990/TotalLiabNetAssetsFundBalances/BOY0527440
IRS990/TotalLiabNetAssetsFundBalances/EOY0474803
IRS990/TotalNbrEmployees070
IRS990/TotalNbrVolunteers05
IRS990/TotalNetAssetsFundBalances/BOY0513990
IRS990/TotalNetAssetsFundBalances/EOY0433131
IRS990/TotalOtherCompensation07524
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense01600839
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0113300
IRS990/TotalRevenueCurrentYear02089375
IRS990/TotalRevenue/ExclusionAmount00
IRS990/TotalRevenuePriorYear01138500
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome00
IRS990/TotalRevenue/TotalRevenueColumn02089375
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransactionRelatedEntity00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0513990
IRS990/UnrestrictedNetAssets/EOY0433131
IRS990/UponRequest0X
IRS990/WebSite0WWW.MEMPHISTR.ORG
IRS990/WhistleblowerPolicy01
IRS990/YearFormation02009
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0264440905
ReturnHeader/Filer/Name/BusinessNameLine10MEMPHIS TEACHER RESIDENCY INC
ReturnHeader/Filer/NameControl0MEMP
ReturnHeader/Filer/Phone09019374687
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 241639
ReturnHeader/Filer/USAddress/City0MEMPHIS
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode0382411639
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02012-11-21
ReturnHeader/Officer/Name0DAVID MONTAGUE
ReturnHeader/Officer/Phone09019374687
ReturnHeader/Officer/Title0EXECUTIVE DIRECTOR
ReturnHeader/PreparerFirm/EIN0621174696
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10BRUNDIGE PAYNE AND COMPANY PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine10700 COLONIAL ROAD SUITE 220
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0MEMPHIS
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0381175156
ReturnHeader/Preparer/Name0RICHARD L WEBB CPA
ReturnHeader/Preparer/Phone09016834234
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-06-01
ReturnHeader/TaxPeriodEndDate02012-05-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-12-12T14:51:19-06:00

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$474,803
Liabilities
$41,672
Net assets
$433,131
Revenue
-
Expenses
$1,806,746
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$18.6$10.4$8.12$7.62$6.16$1.47
2024Detailed filing. Detailed filing data is available for this year.$17.9$11.2$6.65$6.67$5.43$1.24
2023Detailed filing. Detailed filing data is available for this year.$17.4$11.9$5.42$5.26$5.35$0.09
2022Detailed filing. Detailed filing data is available for this year.$5.54$0.04$5.51$6.58$5.24$1.34
2021Detailed filing. Detailed filing data is available for this year.$4.20$0.03$4.17$4.74$5.22$0.49
2020Detailed filing. Detailed filing data is available for this year.$4.66$0.01$4.65$6.63$5.19$1.44
2019Detailed filing. Detailed filing data is available for this year.$3.22$0.01$3.21$5.67$5.75$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.33$0.04$3.29$4.37$5.41$1.04
2017Detailed filing. Detailed filing data is available for this year.$4.80$0.47$4.33$7.35$4.19$3.15
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$4.37$3.92$0.46
2015Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.72$3.63$3.55$0.08
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.03$0.64$2.98$2.77$0.21
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.48$0.05$0.43$1.90
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.04$0.43$1.81
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.51$1.17
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.54$0.75
Peer Organizations

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