Civic Intelligence

Auxiliary Services Foundation

990 • Fiscal year 2023 • EIN 47-2335297

Jul 01, 2022 to Jun 30, 2023 • Filed on May 15, 2024

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

82nd percentile

0.65x

Higher debt load relative to assets than 82% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

77th percentile

0.81x

Higher debt load relative to revenue than 77% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

15th percentile

$31,120

Higher top officer pay than 15% of similar nonprofits.

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

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

3rd percentile

-24%

Faster asset growth than 3% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

68th percentile

16%

Faster revenue growth than 68% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Down

$14,202,118

Down $4,476,249 (-24%) from 2022

Net Assets

Down

$4,957,630

Down $2,811,431 (-36%) from 2022

Liabilities

Down

$9,244,488

Down $1,664,818 (-15%) from 2022

Revenue And Expenses
Liabilities / Revenue77th percentileNet Margin11th percentile

Revenue

Up

$11,399,989

Up $1,535,497 (+16%) from 2022

Expenses

Up

$14,312,536

Up $4,726,797 (+49%) from 2022

Net Income

Down

-$2,912,547

Down $3,191,300 (-1145%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2023

Assets$14,202,118
Liabilities$9,244,488
Net Assets$4,957,630
Open 2023 Filing

Operations Trend

Revenue Growth68th 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

2023

Revenue$11,399,989
Expenses$14,312,536
Net Income-$2,912,547
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 15, 2024
Return Version
2022v5.0
Gross Receipts
$11,399,989
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$16,103,851$8,182,842▼ $7,921,009
Land, Buildings, and Equipment, Net$0$2,468,488▲ $2,468,488
Accounts Receivable$737,788$1,517,136▲ $779,348
Cash and Non-Interest-Bearing Accounts$62,498$158,307▲ $95,809
Investments Other Securities$7,874$7,875▲ $1
Total Assets$18,678,367$14,202,118▼ $4,476,249
Other Assets Total$1,766,356$1,867,470▲ $101,114
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,302,125$8,604,250▼ $1,697,875
Accounts Payable and Accrued Expenses$607,181$640,238▲ $33,057
Total Liabilities$10,909,306$9,244,488▼ $1,664,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,445,937$2,902,229▲ $1,456,292
Net Assets With Donor Restrictions$6,323,124$2,055,401▼ $4,267,723
Total Net Assets Fund Balance$7,769,061$4,957,630▼ $2,811,431
Total Liabilities and Net Assets / Fund Balance$18,678,367$14,202,118▼ $4,476,249

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,468,488-$2,468,488
Other Assets Org$736,931--
Compensation and Service Providers
Top Officer Pay15th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Holly FordFoundation CEOPT$31,120$31,120
Mark NicellFoundation CBOPT$7,766$7,766

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
$11,122,088
Program Service Revenue
$0
Investment Income
$277,901
Other Revenue
$0
All Other Contributions
$158,400
Change in Net Assets
$-2,912,547

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Residential1$158,400County Valuation
Total Noncash Contributions1$158,400-

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,399,989
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$101,116
Total Revenue per Audited Statements
$11,501,105
Total Revenue per Form 990
$11,399,989
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,181,795
Other Expenses$72,448
Salaries, Compensation, and Employee Benefits$58,293
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$14,181,795--$14,181,795
Current Officers, Directors, Trustees, and Key Employees-$42,907-$42,907
Fees for Services Legal-$34,918-$34,918
Fees for Services Accounting-$20,998-$20,998
Insurance-$16,079-$16,079
Other Employee Benefits-$15,386-$15,386
Office Expenses-$453-$453
Total Functional Expenses$14,181,795$130,741$0$14,312,536

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,312,536
Total Expenses per Audited Statements$14,312,536
Total Expenses per Form 990$14,312,536
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.$14,181,795
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
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard a Spell
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 18,845. Change in fair value of derivative financial instrument 82,271.”

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 18,845. Change in fair value of derivative financial instrument 82,271.”

Raw XML AppendixShowing 400 of 500 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0607181
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0640238
IRS990/AccountsReceivableGrp/BOYAmt0737788
IRS990/AccountsReceivableGrp/EOYAmt01517136
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AllOtherContributionsAmt0158400
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HOLLY FORD
IRS990/BooksInCareOfDetail/PhoneNum09015176749
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0635 NORMAL STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038152
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt062498
IRS990/CashNonInterestBearingGrp/EOYAmt0158307
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt042907
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt042907
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt011122088
IRS990/CYGrantsAndSimilarPaidAmt014181795
IRS990/CYInvestmentIncomeAmt0277901
IRS990/CYOtherExpensesAmt072448
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-2912547
IRS990/CYSalariesCompEmpBnftPaidAmt058293
IRS990/CYTotalExpensesAmt014312536
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt011399989
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd01
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0THE FOUNDATION'S BOARD OF DIRECTORS EXERCISES FINANCIAL OVERSIGHT AND REVIEWS AND APPROVES THE FINANCIAL ACTIVITY IN ACCORDANCE WITH THE ESTABLISHED BYLAWS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt06323124
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02055401
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt014181795
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020998
IRS990/FeesForServicesAccountingGrp/TotalAmt020998
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt034918
IRS990/FeesForServicesLegalGrp/TotalAmt034918
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt141.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt320.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt420.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt620.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt720.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt66113
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt7701
IRS990/Form990PartVIISectionAGrp/PersonNm0RICHARD A SPELL
IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN HARTNEY
IRS990/Form990PartVIISectionAGrp/PersonNm2FRED A TOWLER
IRS990/Form990PartVIISectionAGrp/PersonNm3RAAJKUMAR KURAPATI
IRS990/Form990PartVIISectionAGrp/PersonNm4TIM ARGO
IRS990/Form990PartVIISectionAGrp/PersonNm5DR BILL HARDGRAVE
IRS990/Form990PartVIISectionAGrp/PersonNm6HOLLY FORD
IRS990/Form990PartVIISectionAGrp/PersonNm7MARK NICELL
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt625007
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt77065
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6FOUNDATION CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt7FOUNDATION CBO
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02019
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantAmt014181795
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt014181795
IRS990/GrantsToDomesticOrgsGrp/TotalAmt014181795
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt011399989
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt016079
IRS990/InsuranceGrp/TotalAmt016079
IRS990/InvestmentIncomeGrp/ExclusionAmt0277901
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0277901
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt07874
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt07875
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02468488
IRS990/LandBldgEquipCostOrOtherBssAmt02468488
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010302125
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt08604250
IRS990/NetAssetsOrFundBalancesBOYAmt07769061
IRS990/NetAssetsOrFundBalancesEOYAmt04957630
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01445937
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02902229
IRS990/NoncashContributionsAmt0158400
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0453
IRS990/OfficeExpensesGrp/TotalAmt0453
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01766356
IRS990/OtherAssetsTotalGrp/EOYAmt01867470
IRS990/OtherChangesInNetAssetsAmt0101116
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt015386
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015386
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0RICHARD A SPELL
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt09806023
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt09519697
IRS990/PYInvestmentIncomeAmt058469
IRS990/PYOtherExpensesAmt031860
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0278753
IRS990/PYSalariesCompEmpBnftPaidAmt034182
IRS990/PYTotalExpensesAmt09585739
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt09864492
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2912547
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt010963688
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt016103851
IRS990/SavingsAndTempCashInvstGrp/EOYAmt08182842
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt011122088
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt09806023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt09158849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt07495435
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt09281103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt046863498
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0277901
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt058469
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt083674
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0115577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt08474
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0544095
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt046863498
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt011122088
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt09806023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt09158849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt07495435
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt09281103
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt046863498
IRS990ScheduleA/TotalSupportAmt047407593
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/BookValueAmt02468488
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02468488
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014312536
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0380539
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1750000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2736931
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH VALUE OF LIFE INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1HISTORICAL DOCUMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT
IRS990ScheduleD/OtherRevenueAmt0101116
IRS990ScheduleD/RevenueNotReportedAmt0101116
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt011399989
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 18,845. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 82,271.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02468488
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01867470
IRS990ScheduleD/TotalExpensesPerForm990Amt014312536
IRS990ScheduleD/TotalRevenuePerForm990Amt011399989
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt011501105
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014312536
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt014181795
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 OVERSEAS 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:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateResidentialGrp/ContributionCnt01
IRS990ScheduleM/RealEstateResidentialGrp/MethodOfDeterminingRevenuesTxt0COUNTY VALUATION
IRS990ScheduleM/RealEstateResidentialGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateResidentialGrp/NoncashContributionsRptF990Amt0158400
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
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 18,845. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 82,271.
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/InvolvedAmt014181795
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt158293
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt210963688
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt31517136

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,202,118
Liabilities
$9,244,488
Net assets
$4,957,630
Revenue
$11,399,989
Expenses
$14,312,536
Net income
-$2,912,547
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