Civic Intelligence

Auxiliary Services Foundation

990 • Fiscal year 2021 • EIN 47-2335297

Jul 01, 2020 to Jun 30, 2021 • Filed on Mar 03, 2022

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

(901) 678-3255

Siviq Scores

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

Liabilities / Assets

85th percentile

0.72x

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

2021 filings • 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.

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

Net Margin

48th percentile

11%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

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

Asset Growth

98th percentile

245%

Faster asset growth than 98% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

63rd percentile

22%

Faster revenue growth than 63% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$24,476,321

Up $17,376,575 (+245%) from 2020

Net Assets

Up

$6,804,686

Up $1,064,554 (+19%) from 2020

Liabilities

Up

$17,671,635

Up $16,312,021 (+1200%) from 2020

Revenue And Expenses
Liabilities / Revenue88th percentileNet Margin48th percentile

Revenue

Up

$9,276,607

Up $1,665,595 (+22%) from 2020

Expenses

Down

$8,212,053

Down $2,327,219 (-22%) from 2020

Net Income

Up

$1,064,554

Up $3,992,814 (+136%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2021

Assets$24,476,321
Liabilities$17,671,635
Net Assets$6,804,686
Open 2021 Filing

Operations Trend

Revenue Growth63rd 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

2021

Revenue$9,276,607
Expenses$8,212,053
Net Income$1,064,554
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Mar 3, 2022
Return Version
2020v4.2
Gross Receipts
$9,276,607
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
Cash and Non-Interest-Bearing Accounts$3,924,227$22,830,197▲ $18,905,970
Loans From Officers Directors$129,000$5,532,566▲ $5,403,566
Receivables From Officers Etc$2,100,870$459,912▼ $1,640,958
Accounts Receivable-$55,478-
Total Assets$7,099,746$24,476,321▲ $17,376,575
Other Assets Total$1,074,649$1,130,734▲ $56,085
Liabilities
Mortgage Notes Payable Secured by Investment Property-$12,000,000-
Accounts Payable and Accrued Expenses$1,230,614$139,069▼ $1,091,545
Total Liabilities$1,359,614$17,671,635▲ $16,312,021
Net Assets / Fund Balance
Net Assets With Donor Restrictions$5,740,132$7,537,548▲ $1,797,416
Net Assets Without Donor Restrictions-$-732,862-
Total Net Assets Fund Balance$5,740,132$6,804,686▲ $1,064,554
Total Liabilities and Net Assets / Fund Balance$7,099,746$24,476,321▲ $17,376,575
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

NameTitle
Thomas G KadienPresident
Holly FordAssociate Vice President
Richard a SpellVice President
Dr M David RuddDirector
John HartneyDirector
Tim ArgoDirector
Fred a TowlerSecretary
Raajkumar KurapatiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$9,158,848
Program Service Revenue
$0
Investment Income
$76,106
Other Revenue
$41,653
Change in Net Assets
$1,064,554

Audited Revenue Reconciliation

Revenue per Audited Statements
$9,276,607
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$9,276,607
Total Revenue per Form 990
$9,276,607
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,191,502
Salaries, Compensation, and Employee Benefits$20,551
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$7,959,481--$7,959,481
Interest$188,464--$188,464
Current Officers, Directors, Trustees, and Key Employees-$20,551-$20,551
Fees for Services Legal-$20,124-$20,124
Insurance-$11,076-$11,076
Fees for Services Accounting-$9,725-$9,725
Fees for Services Other-$2,489-$2,489
Office Expenses-$143-$143
Total Functional Expenses$8,147,945$64,108$0$8,212,053

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$8,212,053
Total Expenses per Audited Statements$8,212,053
Total Expenses per Form 990$8,212,053
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$129,000$5,532,566▲ $5,403,566
Receivables from Officers, Directors, Trustees, and Key Employees$2,100,870$459,912▼ $1,640,958
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 board 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 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
EIN
47-2335297
Phone
9016783255
Address
635 NORMAL STREET, MEMPHIS, TN 38152

Signing Officer

Name
Holly Ford
Title
Associate Vice President
Phone
9016783255
Signed
2022-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas G Kadien
Formed
2019
Legal Domicile
Tn
Voting Board Members
7
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Fouts & Morgan Cpas
Address
1715 AARON BRENNER DR STE 700, MEMPHIS, TN 38120-1471
Preparer
Gary D Purdy CPA
Phone
9017612110
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

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

Raw XML AppendixShowing 400 of 454 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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IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt08212053
IRS990ScheduleD/TotalRevenuePerForm990Amt09276607
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09276607
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt08212053
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0459912
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt15532566
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1UNIVERSITY OF MEMPHIS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0ATHLETICS CONTRACTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1ATHLETICS CONTRACTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02100870
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1129000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0RELATED ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1RELATED ORGANIZATION
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd10
IRS990ScheduleL/TotalBalanceDueAmt05992478
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM 990 IS REVIEWED BY THE BOARD PRESIDENT AND THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CONFLICT OF INTEREST POLICY IS MONITORED WITH A DISCLOSURE FORM COMPLETED ANNUALLY BY MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/FormAndLineReferenceDesc3PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0THE UNIVERSITY OF MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE UNIVERISTY 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 & RESEARCH
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 2
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/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt09134373
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt124476
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt28147945
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3459912
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt45532566
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0THE UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1THE UNIVERSITY OF MEMPHIS RESEARCH FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2THE UNIVERSITY OF MEMPHIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3THE UNIVERSITY OF MEMPHIS FOUNDATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4THE UNIVERSITY OF MEMPHIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3S
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4R
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt07099746
IRS990/TotalAssetsEOYAmt024476321
IRS990/TotalAssetsGrp/BOYAmt07099746
IRS990/TotalAssetsGrp/EOYAmt024476321
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt09158848
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt064108
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt08147945
IRS990/TotalFunctionalExpensesGrp/TotalAmt08212053
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01359614
IRS990/TotalLiabilitiesEOYAmt017671635
IRS990/TotalLiabilitiesGrp/BOYAmt01359614
IRS990/TotalLiabilitiesGrp/EOYAmt017671635
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt05740132
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt06804686
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt08147945
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,476,321
Liabilities
$17,671,635
Net assets
$6,804,686
Revenue
$9,276,607
Expenses
$8,212,053
Net income
$1,064,554
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