Civic Intelligence

Memphis Education Fund Inc.

990 • Fiscal year 2017 • EIN 47-3660677

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization ProfileWWW.MEMPHISEDUCATIONFUND.ORG
1350 Concourse Ave Ste 434Memphis, TN 38104

(901) 435-0400

Siviq Scores

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

Liabilities / Assets

74th percentile

0.52x

Higher debt load relative to assets than 74% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

72nd percentile

0.64x

Higher debt load relative to revenue than 72% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

62nd percentile

$213,459

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

87th percentile

25%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

7th percentile

-31%

Faster revenue growth than 7% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$18,402,118

Up $3,640,946 (+25%) from 2016

Net Assets

Up

$8,742,286

Up $4,504,220 (+106%) from 2016

Liabilities

Down

$9,659,832

Down $863,274 (-8.2%) from 2016

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin84th percentile

Revenue

Down

$15,103,480

Down $6,716,843 (-31%) from 2016

Expenses

Down

$10,599,260

Down $7,999,508 (-43%) from 2016

Net Income

Up

$4,504,220

Up $1,282,665 (+40%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$30M$20M$10M$0Assets 2015: $21,838,700Liabilities 2015: $20,822,189Net Assets 2015: $1,016,5112015Assets 2016: $14,761,172Liabilities 2016: $10,523,106Net Assets 2016: $4,238,0662016Assets 2017: $18,402,118Liabilities 2017: $9,659,832Net Assets 2017: $8,742,2862017Assets 2018: $6,697,400Liabilities 2018: $1,884,406Net Assets 2018: $4,812,9942018Assets 2019: $4,833,076Liabilities 2019: $1,681,287Net Assets 2019: $3,151,7892019Assets 2020: $2,536,598Liabilities 2020: $1,906,001Net Assets 2020: $630,5972020Assets 2021: $2,231,951Liabilities 2021: $452,524Net Assets 2021: $1,779,4272021Assets 2022: $5,446,050Liabilities 2022: $1,026,854Net Assets 2022: $4,419,1962022Assets 2023: $3,117,869Liabilities 2023: $1,688,064Net Assets 2023: $1,429,8052023Assets 2024: $3,781,085Liabilities 2024: $2,186,644Net Assets 2024: $1,594,4412024

Highlighted filing

2017

Assets$18,402,118
Liabilities$9,659,832
Net Assets$8,742,286
Open 2017 Filing

Operations Trend

Revenue Growth7th percentile

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

$30M$20M$10M$0-$10MRevenue 2015: $25,985,414Expenses 2015: $24,968,903Net Income 2015: $1,016,5112015Revenue 2016: $21,820,323Expenses 2016: $18,598,768Net Income 2016: $3,221,5552016Revenue 2017: $15,103,480Expenses 2017: $10,599,260Net Income 2017: $4,504,2202017Revenue 2018: $11,907,072Expenses 2018: $15,415,988Net Income 2018: -$3,508,9162018Revenue 2019: $7,169,853Expenses 2019: $8,831,058Net Income 2019: -$1,661,2052019Revenue 2020: $5,955,711Expenses 2020: $8,604,088Net Income 2020: -$2,648,3772020Revenue 2021: $3,044,264Expenses 2021: $4,555,615Net Income 2021: -$1,511,3512021Revenue 2022: $4,212,155Expenses 2022: $3,557,126Net Income 2022: $655,0292022Revenue 2023: $3,781,184Expenses 2023: $4,283,873Net Income 2023: -$502,6892023Revenue 2024: $4,867,433Expenses 2024: $4,702,797Net Income 2024: $164,6362024

Highlighted filing

2017

Revenue$15,103,480
Expenses$10,599,260
Net Income$4,504,220
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.3
Gross Receipts
$15,103,480
Mission and Program Overview

Mission

To work in partnership with the shelby county school district and the achievement school district on strategies that support school improvement, development, and implementation of initiatives focused on increasing k-12 educational outcomes in the greater memphis, tn area.

Establishing initiatives and developling strategies to enhance performance levels of public schools in the greater memphis tennessee area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$13,488,612$14,677,780▲ $1,189,168
Land, Buildings, and Equipment, Net$135,736$1,944,853▲ $1,809,117
Cash and Non-Interest-Bearing Accounts$1,136,824$1,779,485▲ $642,661
Total Assets$14,761,172$18,402,118▲ $3,640,946
Liabilities
Grants Payable$10,440,487$9,101,887▼ $1,338,600
Other Liabilities$0$516,846▲ $516,846
Accounts Payable and Accrued Expenses$82,619$41,099▼ $41,520
Total Liabilities$10,523,106$9,659,832▼ $863,274
Net Assets / Fund Balance
Unrestricted Net Assets$4,238,066$8,742,286▲ $4,504,220
Total Net Assets Fund Balance$4,238,066$8,742,286▲ $4,504,220
Total Liabilities and Net Assets / Fund Balance$14,761,172$18,402,118▲ $3,640,946

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,718,180$68,302$1,786,482
Equipment$226,673$26,903$253,576
Compensation and Service Providers
Top Officer Pay62nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Marcus C RobinsonCEOFT$195,584$17,875$213,459
Tosha D DowneyDirector of AdvocacyFT$162,171$5,997$168,168
Lesley M BrownDirector of Human CapitalFT$149,955$5,231$155,186
Regina M MarshDirector of OperationsFT$114,455$7,979$122,434
Natalie J MckinneyDirector of Whole ChildFT$104,981-$104,981

Board Members and Trustees

NameTitle
Beverly RobertsonChairman
Darryl CobbBoard Member
James R BoydBoard Member
Neerav KingslandBoard Member
Terence PattersonBoard Member
Teresa SloyanBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Gaskill Strategies LLCProfessional Fundraiser Services1759 CENTRAL AVENUE, Memphis, TN 38104$120,180
Anf ArchitectsArchitectual/design Services1500 UNION AVENUE, Memphis, TN 38104$113,291
Revenue and Support

Revenue Composition

Contributions and Grants
$14,889,307
Program Service Revenue
$0
Investment Income
$431
Other Revenue
$213,742
All Other Contributions
$14,889,307
Change in Net Assets
$4,504,220

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,103,480
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$15,103,480
Total Revenue per Form 990
$15,103,480
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$8,042,511
Other Expenses$1,393,530
Salaries, Compensation, and Employee Benefits$1,163,219
Total Fundraising Expense$120,180
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$8,042,511--$8,042,511
Other Salaries and Wages$378,296$286,766-$665,062
Fees for Services Other$336,506$32,632$120,180$489,318
Occupancy$243,642$121,198-$364,840
Current Officers, Directors, Trustees, and Key Employees$279,521$78,234-$357,755
Information Technology$79,176$36,691-$115,867
Depreciation Depletion-$94,244-$94,244
Payroll Taxes$49,100$23,954-$73,054
Other Employee Benefits$38,496$28,852-$67,348
Travel$37,298$24,035-$61,333
Conferences and Meetings$21,124$35,641-$56,765
Fees for Services Accounting-$37,225-$37,225
Office Expenses$4,911$27,921-$32,832
Other Expenses$27,970$2,207-$30,177
Insurance$10,624$4,923-$15,547
Fees for Services Legal-$1,631-$1,631
Total Functional Expenses$9,574,689$904,391$120,180$10,599,260

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,599,260
Total Expenses per Audited Statements$10,599,260
Total Expenses per Form 990$10,599,260
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Rhodes CollegeMemphis, TN501(c)(3)Educational Support$7,151,050
Education Reform NowNew York, NY501(c)(3)Educational Support$400,000
Communities in Schools of TennesseeMemphis, TN501(c)(3)Educational Support$226,875
The National Academy of Advanced Teacher EducationNewport, RI501(c)(3)Educational Support$65,000
Seeding SuccessMemphis, TN501(c)(3)Educational Support$58,750
Uncommon SchoolsNewark, NJ501(c)(3)Educational Support$50,836
Mid-south Peace & Justice CenterMemphis, TN501(c)(3)Educational Support$46,000
Family Safety Center of Memphis and Shelby CountyMemphis, TN501(c)(3)Educational Support$36,000
Aspire Public SchoolsOakland, CA501(c)(3)Educational Support$8,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Incentive$487,790
Deferred Rent$29,056
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
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 organization's form 990 is prepared by a third party certified public accounting firm and is reviewed by the treasurer before filing.”

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

“Periodically, officers, board members and directors are given a questionnaire to complete regarding business relationships.”

Form 990, Part VI, Section B, Line 15

“Salaries of personnel are determined and approved by the board of directors. The board of directors meet quarterly.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Memphis Education Fund Inc
EIN
47-3660677
Phone
9014350400
Address
1350 CONCOURSE AVE STE 434, MEMPHIS, TN 38104

Signing Officer

Name
Terence Patterson
Title
CEO
Phone
9014350400
Signed
2018-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Beverly Robertson
Formed
2015
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
15
Volunteers
0

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Kevin M Clynes CPA
Phone
9016857500
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IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO WORK IN PARTNERSHIP WITH THE SHELBY COUNTY SCHOOL DISTRICT AND THE ACHIEVEMENT SCHOOL DISTRICT IN STRATEGIES TO ENABLE HIGH QUALITY SCHOOL OPERATORS TO CONTINUE TO EXPAND AND TO INVEST IN STRATEGIES TO DEVELOP HIGH QUALITY SCHOOL OPERATORS AND PROVIDE STUDENTS WITHIN THE MEMPHIS REGIONAL SCHOOLS WITH VIABLE OPTIONS AND ACCESS TO FACILITIES THAT ARE EQUIPPPED WITH HIGH QUALITY TEACHER TALENT SOURCES AND EDUCATORS IN COMPANION WITH EFFORTS TO ACHIEVE THE HIGHEST POSSIBLE QUALITY SCHOOL OPERATIONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04238066
IRS990/NetAssetsOrFundBalancesEOYAmt08742286
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0213742
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0213742
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0121198
IRS990/OccupancyGrp/ProgramServicesAmt0243642
IRS990/OccupancyGrp/TotalAmt0364840
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt027921
IRS990/OfficeExpensesGrp/ProgramServicesAmt04911
IRS990/OfficeExpensesGrp/TotalAmt032832
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt028852
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt038496
IRS990/OtherEmployeeBenefitsGrp/TotalAmt067348
IRS990/OtherExpensesGrp/Desc0STAFF RECRUITING & DEVE
IRS990/OtherExpensesGrp/Desc1RELOCATION
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt051228
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117009
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22207
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt125514
IRS990/OtherExpensesGrp/ProgramServicesAmt227970
IRS990/OtherExpensesGrp/TotalAmt051228
IRS990/OtherExpensesGrp/TotalAmt142523
IRS990/OtherExpensesGrp/TotalAmt230177
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0516846
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0286766
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0378296
IRS990/OtherSalariesAndWagesGrp/TotalAmt0665062
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt023954
IRS990/PayrollTaxesGrp/ProgramServicesAmt049100
IRS990/PayrollTaxesGrp/TotalAmt073054
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt013488612
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt014677780
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BEVERLY ROBERTSON
IRS990/ProfessionalFundraisingInd01
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt021819300
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt017287581
IRS990/PYInvestmentIncomeAmt01023
IRS990/PYOtherExpensesAmt0495828
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03221555
IRS990/PYSalariesCompEmpBnftPaidAmt0815359
IRS990/PYTotalExpensesAmt018598768
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt021820323
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt04504220
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0213742
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0213742
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt014889307
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt021819300
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt025985210
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt062693817
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0431
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01023
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0204
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01658
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0213742
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt056751637
IRS990ScheduleA/SubstantialContributorsTotAmt05942180
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt014889307
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt021819300
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt025985210
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt062693817
IRS990ScheduleA/TotalSupportAmt062695475
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt0226673
IRS990ScheduleD/EquipmentGrp/DepreciationAmt026903
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0253576
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt010599260
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01718180
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt068302
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01786482
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt029056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1487790
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED RENT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED LEASE INCENTIVE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015103480
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01944853
IRS990ScheduleD/TotalExpensesPerForm990Amt010599260
IRS990ScheduleD/TotalLiabilityAmt0516846
IRS990ScheduleD/TotalRevenuePerForm990Amt015103480
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015103480
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010599260
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0FUNDRAISING STRATEGY CONSULTING
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt00
IRS990ScheduleG/FundraiserActivityInfoGrp/OrganizationBusinessName/BusinessNameLine1Txt0GASKILL STRATEGIES LLC
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt0120087
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt042 S MCLEAN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0MEMPHIS
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd038104
IRS990ScheduleG/SolicitationOfGovtGrantsInd0X
IRS990ScheduleG/SolicitationOfNonGovtGrantsInd0X
IRS990ScheduleG/TotalRetainedByContractorsAmt0120087
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0400000
IRS990ScheduleI/RecipientTable/CashGrantAmt165000
IRS990ScheduleI/RecipientTable/CashGrantAmt27151050
IRS990ScheduleI/RecipientTable/CashGrantAmt350836
IRS990ScheduleI/RecipientTable/CashGrantAmt458750
IRS990ScheduleI/RecipientTable/CashGrantAmt536000
IRS990ScheduleI/RecipientTable/CashGrantAmt646000
IRS990ScheduleI/RecipientTable/CashGrantAmt7226875
IRS990ScheduleI/RecipientTable/CashGrantAmt88000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc7501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc8501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8EDUCATIONAL SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EDUCATION REFORM NOW
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE NATIONAL ACADEMY OF ADVANCED TEACHER EDUCATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2RHODES COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3UNCOMMON SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SEEDING SUCCESS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5FAMILY SAFETY CENTER OF MEMPHIS AND SHELBY COUNTY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6MID-SOUTH PEACE & JUSTICE CENTER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7COMMUNITIES IN SCHOOLS OF TENNESSEE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8ASPIRE PUBLIC SCHOOLS
IRS990ScheduleI/RecipientTable/RecipientEIN0203687838
IRS990ScheduleI/RecipientTable/RecipientEIN1271565143
IRS990ScheduleI/RecipientTable/RecipientEIN2620476301
IRS990ScheduleI/RecipientTable/RecipientEIN3311488698
IRS990ScheduleI/RecipientTable/RecipientEIN4452464843
IRS990ScheduleI/RecipientTable/RecipientEIN5273168812
IRS990ScheduleI/RecipientTable/RecipientEIN6621140695

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,402,118
Liabilities
$9,659,832
Net assets
$8,742,286
Revenue
$15,103,480
Expenses
$10,599,260
Net income
$4,504,220
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.78$2.19$1.59$4.87$4.70$0.16
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.12$1.69$1.43$3.78$4.28$0.50
2022Detailed filing. Detailed filing data is available for this year.$5.45$1.03$4.42$4.21$3.56$0.66
2021Detailed filing. Detailed filing data is available for this year.$2.23$0.45$1.78$3.04$4.56$1.51
2020Detailed filing. Detailed filing data is available for this year.$2.54$1.91$0.63$5.96$8.60$2.65
2019Detailed filing. Detailed filing data is available for this year.$4.83$1.68$3.15$7.17$8.83$1.66
2018Detailed filing. Detailed filing data is available for this year.$6.70$1.88$4.81$11.9$15.4$3.51
2017Detailed filing. Detailed filing data is available for this year.$18.4$9.66$8.74$15.1$10.6$4.50
2016Summary only. Only limited summary data is available for this year.$14.8$10.5$4.24$21.8$18.6$3.22
2015Detailed filing. Detailed filing data is available for this year.$21.8$20.8$1.02$26.0$25.0$1.02