Memphis Education Fund Inc.

“The organization's form 990 is prepared by a third party certified public accounting firm and is reviewed by the treasurer before filing.”

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

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

“These documents are available upon request”

“Prior period adjustment -200,000.”

“The 2017 990 is being amended to reflect the changes in the following areas: part i, line 8, line 11, line 12, line 13, line 17, line 18, line 19, line 20-22: after the audit was complete there was a reclassification of income and expenses. The audit shows the correct income and expense for the year-end and those corrected amounts are reflected on this form 990, part i. Part ii, line 4a: there was a reclassification of expenses from one account to another after the audit was complete. Expenses were moved from program to management. This amended return reflects those changes. Part viii, line 1f, line 6: after the audit was complete there was a reclassification of grants and grants receivables to reflect actual amounts pledged and received for the current year. This amended return reflects those changes. Part ix, line 1-25: there was a reclassification of expenses from one account to another after the audit was complete. Expenses were moved from program to management. This amended return reflects those changes. Part x, line 1, line 3, line 10a-10c, line 17, line 18, line 27: after the audit was complete there was a reclassification of grants receivables and grants payables to reflect actual amounts pledged and received and paid for the current year. This includes a change in the amount of cash on hand. This amended return reflects those changes and shows the actual net assets at year-end. Part xi, line 1-10: after the audit was complete and changes were made on other sections of the form 990 the reconciliation of net assets was updated to reflect those changes and is stated accurately on this amended return. Schedule a: this schedule was updated to reflect the changes made in the other sections of the 990. Schedule d, part vi, part xi, part xii: this schedule was updated to reflect the changes in land, buildings, and equipment. This schedule was also updated to reflect the reconciliation of revenue & expenses per audited financial statements with revenue & expenses per return. Schedule i, part ii: this schedule was updated to reflect the changes in grant payables for actual amounts paid or pledged to pay during the year-end. This schedule is complete and accurate. The original 990 was completed before the audited finacials could be completed; therefore, this amended return is updating the form 990 to reflect the correct amounts and is complete and accurate.”