Civic Intelligence

Auxiliary Services Foundation

EIN 47-2335297 • 501(c)3 • Memphis, TN

Profile

To operate auxiliary enterprises which directly benefit the university of memphis, and accept, administer, apply, and use property acquired by gift, grant, devise, bequest, or otherwise solely for the benefit of the university.

570 Normal StreetMemphis, TN 38152

www.memphis.edu/AUXILIARY

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

85th percentile

0.72x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

88th percentile

1.90x

Higher debt load relative to revenue than 88% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

64th percentile

11%

Higher net margin than 64% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

Down

$13,348,475

Down $853,643 (-6.0%) from 2023

Liabilities

Down

$6,912,558

Down $2,331,930 (-25%) from 2023

Net Assets

Up

$6,435,917

Up $1,478,287 (+30%) from 2023

Revenue

Down

$4,504,661

Down $6,895,328 (-60%) from 2023

Expenses

Down

$2,785,115

Down $11,527,421 (-81%) from 2023

Net Income

Up

$1,719,546

Up $4,632,093 (+159%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2019: $9,274,577Liabilities 2019: $606,185Net Assets 2019: $8,668,3922019Assets 2020: $7,099,746Liabilities 2020: $1,359,614Net Assets 2020: $5,740,1322020Assets 2021: $24,476,321Liabilities 2021: $17,671,635Net Assets 2021: $6,804,6862021Assets 2022: $18,678,367Liabilities 2022: $10,909,306Net Assets 2022: $7,769,0612022Assets 2023: $14,202,118Liabilities 2023: $9,244,488Net Assets 2023: $4,957,6302023Assets 2024: $13,348,475Liabilities 2024: $6,912,558Net Assets 2024: $6,435,9172024

Highlighted filing

2024

Assets$13,348,475
Liabilities$6,912,558
Net Assets$6,435,917

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2019: $9,289,577Expenses 2019: $621,185Net Income 2019: $8,668,3922019Revenue 2020: $7,611,012Expenses 2020: $10,539,272Net Income 2020: -$2,928,2602020Revenue 2021: $9,276,607Expenses 2021: $8,212,053Net Income 2021: $1,064,5542021Revenue 2022: $9,864,492Expenses 2022: $9,585,739Net Income 2022: $278,7532022Revenue 2023: $11,399,989Expenses 2023: $14,312,536Net Income 2023: -$2,912,5472023Revenue 2024: $4,504,661Expenses 2024: $2,785,115Net Income 2024: $1,719,5462024

Highlighted filing

2024

Revenue$4,504,661
Expenses$2,785,115
Net Income$1,719,546

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 7, 2025
Return Version
2023v6.0
Gross Receipts
$4,512,536
Mission and Program Overview

Mission

To operate auxiliary enterprises which directly benefit the university of memphis, and accept, administer, apply, and use property acquired by gift, grant, devise, bequest, or otherwise solely for the benefit of the university.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$8,182,842$6,735,641▼ $1,447,201
Land, Buildings, and Equipment, Net$2,468,488$2,897,147▲ $428,659
Accounts Receivable$1,517,136$2,074,160▲ $557,024
Cash and Non-Interest-Bearing Accounts$158,307$15,316▼ $142,991
Investments Other Securities$7,875--
Total Assets$14,202,118$13,348,475▼ $853,643
Other Assets Total$1,867,470$1,626,211▼ $241,259
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,604,250$6,801,788▼ $1,802,462
Accounts Payable and Accrued Expenses$640,238$110,770▼ $529,468
Total Liabilities$9,244,488$6,912,558▼ $2,331,930
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,902,229$5,472,286▲ $2,570,057
Net Assets With Donor Restrictions$2,055,401$963,631▼ $1,091,770
Total Net Assets Fund Balance$4,957,630$6,435,917▲ $1,478,287
Total Liabilities and Net Assets / Fund Balance$14,202,118$13,348,475▼ $853,643

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,897,147--
Other Assets Org$750,000--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Steve McDanielRetained Legal Counsel$11,460$11,460

Board Members and Trustees

NameTitle
Rick SpellPresident
Dr Bill HardgraveUofM President
John HartneyVice President
Andrew RobertsExecutive Director, ASF
Jeff CraneExecutive Director, ASF
Haley PrewettCFO, Asf
Fred TowlerSecretary/Treasurer
Rene BustamanteU of M COO/CFO
Raaj KurapatiUofM CFO
Greg DuBoisUofM Interim CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$4,185,627
Program Service Revenue
$0
Investment Income
$319,034
Other Revenue
$0
Change in Net Assets
$1,719,546

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,504,661
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-241,259
Total Revenue per Audited Statements
$4,263,402
Total Revenue per Form 990
$4,504,661
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,647,086
Other Expenses$138,029
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,647,086--$2,647,086
Fees for Services Legal-$71,848-$71,848
Insurance-$25,216-$25,216
Office Expenses-$23,667-$23,667
Fees for Services Accounting-$14,798-$14,798
Other Expenses-$2,500-$2,500
Total Functional Expenses$2,647,086$138,029$0$2,785,115

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,785,115
Total Expenses per Audited Statements$2,785,115
Total Expenses per Form 990$2,785,115
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The University of MemphisMemphis, TN115Administer University operations and educational services.$2,647,086
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, line 11B

The Form 990 is reviewed by the president and the treasurer.

Form 990, Part VI, Section B, line 12C

Conflict of interest policy is monitored with a disclosure form completed annually by member of the board of directors.

Form 990, Part VI, Section C, line 19

All documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Auxiliary Services Foundation
EIN
47-2335297
Phone
9016784142
Address
570 Normal Street, Memphis, TN 38152

Signing Officer

Name
Haley Prewett
Title
CFO
Phone
9015176749
Signed
2025-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Haley Prewett
Formed
2019
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
ATA Advisory LLC
Address
6525 N Quail Hollow Rd Ste 500, Memphis, TN 38120
Preparer
John Schifani
Phone
9016841170
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Change in Cash Surrender Value 21,608.

Financial Statement Notes

Part XI, Line 2D - Other Adjustments:

Change in Cash Surrender Value 21,608.

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IRS990/Form990PartVIISectionAGrp/TitleTxt6UofM Interim CFO
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IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97960
IRS990ScheduleA/PublicSupportTotal170Amt041518888
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03936493
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011122088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09806023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt09158849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07495435
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt041518888
IRS990ScheduleA/TotalSupportAmt042381418
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02897147
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt02897147
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02785115
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-262867
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0474064
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1402147
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2750000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Fair Value of Derivative Financial Instrument
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Cash Value Life Insurance
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Historical Document
IRS990ScheduleD/OtherRevenueAmt021608
IRS990ScheduleD/RevenueNotReportedAmt0-241259
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04504661
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Change in Cash Surrender Value 21,608.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02897147
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01626211
IRS990ScheduleD/TotalExpensesPerForm990Amt02785115
IRS990ScheduleD/TotalRevenuePerForm990Amt04504661
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04263402
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02785115
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt02647086
IRS990ScheduleI/RecipientTable/IRCSectionDesc0115
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Administer University operations and educational services.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0The University of Memphis
IRS990ScheduleI/RecipientTable/RecipientEIN0620648618
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03720 Alumni Ave
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Memphis
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038152
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The Foundation oversees the grant process and works with the university leadership and board to ensure that grants are utilized for the intended purposes.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt135000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt25000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0650000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1271360
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2221125
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt3117027
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt016900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt128417
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt231657
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt317483
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt050000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt118802
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt222994
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt320900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt015000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dr Bill Hardgrave
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Raaj Kurapati
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Jeff Crane
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Andrew Roberts
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0UofM President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1UofM CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2Executive Director, ASF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3Executive Director, ASF
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0731900
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1353579
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt2280776
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt3155410
IRS990ScheduleJ/SeverancePaymentInd00

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