Civic Intelligence

Auxiliary Services Foundation

990 • Fiscal year 2022 • EIN 47-2335297

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

Organization ProfileWWW.MEMPHIS.EDU/AUXILIARY
635 Normal StreetMemphis, TN 38152

(901) 517-6749

Siviq Scores

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

Liabilities / Assets

80th percentile

0.58x

Higher debt load relative to assets than 80% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

1.11x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

40th percentile

2.8%

Higher net margin than 40% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

15th percentile

$34,182

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

4th percentile

-24%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

6.3%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$18,678,367

Down $5,797,954 (-24%) from 2021

Net Assets

Up

$7,769,061

Up $964,375 (+14%) from 2021

Liabilities

Down

$10,909,306

Down $6,762,329 (-38%) from 2021

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin40th percentile

Revenue

Up

$9,864,492

Up $587,885 (+6.3%) from 2021

Expenses

Up

$9,585,739

Up $1,373,686 (+17%) from 2021

Net Income

Down

$278,753

Down $785,801 (-74%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$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

2022

Assets$18,678,367
Liabilities$10,909,306
Net Assets$7,769,061
Open 2022 Filing

Operations Trend

Revenue Growth54th percentile

Revenue, expenses, and net income across loaded years, with this 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

2022

Revenue$9,864,492
Expenses$9,585,739
Net Income$278,753
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$9,864,492
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$22,715,043$16,103,851▼ $6,611,192
Accounts Receivable$515,390$737,788▲ $222,398
Cash and Non-Interest-Bearing Accounts$115,154$62,498▼ $52,656
Investments Other Securities$50,000$7,874▼ $42,126
Total Assets$24,476,321$18,678,367▼ $5,797,954
Other Assets Total$1,080,734$1,766,356▲ $685,622
Liabilities
Mortgage Notes Payable Secured by Investment Property$12,000,000$10,302,125▼ $1,697,875
Other Liabilities$5,574,691$0▼ $5,574,691
Accounts Payable and Accrued Expenses$96,944$607,181▲ $510,237
Total Liabilities$17,671,635$10,909,306▼ $6,762,329
Net Assets / Fund Balance
Net Assets With Donor Restrictions$7,537,548$6,323,124▼ $1,214,424
Net Assets Without Donor Restrictions$-732,862$1,445,937▲ $2,178,799
Total Net Assets Fund Balance$6,804,686$7,769,061▲ $964,375
Total Liabilities and Net Assets / Fund Balance$24,476,321$18,678,367▼ $5,797,954

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$654,662--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Holly FordFoundation CEOPT$34,182$34,182

Board Members and Trustees

NameTitle
Richard a SpellPresident
John HartneyVice President
Dr Bill HardgraveDirector
Tim ArgoDirector
Fred a TowlerSecretary
Raajkumar KurapatiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,806,023
Program Service Revenue
$0
Investment Income
$58,469
Other Revenue
$0
Change in Net Assets
$278,753

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,864,492
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$685,622
Total Revenue per Audited Statements
$10,550,114
Total Revenue per Form 990
$9,864,492
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,519,697
Salaries, Compensation, and Employee Benefits$34,182
Other Expenses$31,860
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,519,697--$9,519,697
Other Salaries and Wages-$25,208-$25,208
Insurance-$11,247-$11,247
Fees for Services Accounting-$10,060-$10,060
Fees for Services Legal-$9,538-$9,538
Other Employee Benefits-$8,974-$8,974
Office Expenses-$1,015-$1,015
Total Functional Expenses$9,519,697$66,042$0$9,585,739

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,585,739
Total Expenses per Audited Statements$9,585,739
Total Expenses per Form 990$9,585,739
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.$9,519,697
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 anually by members 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
9015176749
Address
635 NORMAL STREET, MEMPHIS, TN 38152

Signing Officer

Name
Holly Ford
Title
Foundation CEO
Phone
9015176749
Signed
2023-05-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas G Kadien
Formed
2019
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Forvis Llp
Address
500 RIDGEFIELD COURT, ASHEVILLE, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in cash surrender value 30,960. Change in fair value of derivative financial instrument 654,662.”

FORM 990, PART XII, LINE 2C:

“The foundation's president selects the auditor and oversees the audit process.”

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has classified the foundation as other than a private foundation, which is exempt from federal income taxes on its related purpose under section 501(c)(3) of the united states internal revenue code and is similarly exempt from state income taxes. Consequently, no federal or state income taxes have been provided for in these financial statements.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in cash surrender value 30,960. Change in fair value of derivative financial instrument 654,662.”

Raw XML AppendixShowing 400 of 471 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/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09585739
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0361694
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1750000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2654662
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH VALUE OF LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HISTORICAL DOCUMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT
IRS990ScheduleD/OtherRevenueAmt0685622
IRS990ScheduleD/RevenueNotReportedAmt0685622
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt09864492
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE FOUNDATION AS OTHER THAN A PRIVATE FOUNDATION, WHICH IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS RELATED PURPOSE UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. CONSEQUENTLY, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN PROVIDED FOR IN THESE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN CASH SURRENDER VALUE 30,960. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 654,662.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01766356
IRS990ScheduleD/TotalExpensesPerForm990Amt09585739
IRS990ScheduleD/TotalRevenuePerForm990Amt09864492
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt010550114
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt09585739
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt09519697
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/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS MONITORED WITH A DISCLOSURE FORM COMPLETED ANUALLY BY MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGE IN CASH SURRENDER VALUE 30,960. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 654,662.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S PRESIDENT SELECTS THE AUDITOR AND OVERSEES THE AUDIT PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0AUXILIARY SERVICES FOUNDATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0853904562
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.99000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0EXCLUDED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0INVESTMENT
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0PALOS EQUITY VENTURES LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt0635 NORMAL STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd038152
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE UNIVERSITY OF MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE UNIVERSITY OF MEMPHIS RESEARCH FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0620648618
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1626048540
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2205400381
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROVIDING HIGH QUALITY EDUCATION OPPORTUNITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2ENCOURAGE, PROMOTE, AND AID THE FULFILLMENT OF EDUCATION AND RESEARCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 5
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03720 ALUMNI AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1635 NORMAL ST ALUMNI CENTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2365 INNOVATION DR STE 303
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd038152
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd138152
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd238152
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt034182
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt19795003
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt2737788
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2CASH
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0UNIVERSITY OF MEMPHIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2D
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt024476321
IRS990/TotalAssetsEOYAmt018678367
IRS990/TotalAssetsGrp/BOYAmt024476321
IRS990/TotalAssetsGrp/EOYAmt018678367

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,678,367
Liabilities
$10,909,306
Net assets
$7,769,061
Revenue
$9,864,492
Expenses
$9,585,739
Net income
$278,753
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.3$6.91$6.44$4.50$2.79$1.72
2023Detailed filing. Detailed filing data is available for this year.$14.2$9.24$4.96$11.4$14.3$2.91
2022Detailed filing. Detailed filing data is available for this year.$18.7$10.9$7.77$9.86$9.59$0.28
2021Detailed filing. Detailed filing data is available for this year.$24.5$17.7$6.80$9.28$8.21$1.06
2020Summary only. Only limited summary data is available for this year.$7.10$1.36$5.74$7.61$10.5$2.93
2019Summary only. Only limited summary data is available for this year.$9.27$0.61$8.67$9.29$0.62$8.67