Civic Intelligence

Memphis Opportunity Scholarship Trust Inc

990 • Fiscal year 2017 • EIN 62-1723618

Jul 01, 2016 to Jun 30, 2017 • Filed on Sep 13, 2017

Organization ProfileWWW.MEMPHISSCHOLARSHIPS.ORG
1000 Ridgeway Loop Road No 205Memphis, TN 38120

(901) 842-5328

Siviq Scores

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

Liabilities / Assets

17th percentile

0.00x

Higher debt load relative to assets than 17% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

88th percentile

38%

Higher net margin than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

76th percentile

$117,033

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

87th percentile

33%

Faster asset growth than 87% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

92nd percentile

101%

Faster revenue growth than 92% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$3,604,738

Up $894,284 (+33%) from 2016

Net Assets

Up

$3,601,894

Up $894,204 (+33%) from 2016

Liabilities

Up

$2,844

Up $80 (+2.9%) from 2016

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin88th percentile

Revenue

Up

$2,178,321

Up $1,092,180 (+101%) from 2016

Expenses

Down

$1,354,097

Down $154,143 (-10%) from 2016

Net Income

Up

$824,224

Up $1,246,323 (+295%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,144,640Liabilities 2011: $6,209Net Assets 2011: $2,138,4312011Assets 2012: $3,637,305Liabilities 2012: $3,349Net Assets 2012: $3,633,9562012Assets 2013: $3,385,846Liabilities 2013: $3,349Net Assets 2013: $3,382,4972013Assets 2014: $3,043,982Liabilities 2014: $3,534Net Assets 2014: $3,040,4482014Assets 2015: $3,131,288Liabilities 2015: $4,752Net Assets 2015: $3,126,5362015Assets 2016: $2,710,454Liabilities 2016: $2,764Net Assets 2016: $2,707,6902016Assets 2017: $3,604,738Liabilities 2017: $2,844Net Assets 2017: $3,601,8942017Assets 2018: $6,199,060Liabilities 2018: $2,650Net Assets 2018: $6,196,4102018Assets 2019: $5,977,776Liabilities 2019: $0Net Assets 2019: $5,977,7762019Assets 2020: $5,428,696Liabilities 2020: $0Net Assets 2020: $5,428,6962020Assets 2021: $4,807,451Liabilities 2021: $0Net Assets 2021: $4,807,4512021Assets 2022: $7,081,420Liabilities 2022: $0Net Assets 2022: $7,081,4202022Assets 2023: $7,501,630Liabilities 2023: $0Net Assets 2023: $7,501,6302023Assets 2024: $7,824,741Liabilities 2024: $0Net Assets 2024: $7,824,7412024Assets 2025: $7,956,888Liabilities 2025: $0Net Assets 2025: $7,956,8882025

Highlighted filing

2017

Assets$3,604,738
Liabilities$2,844
Net Assets$3,601,894
Open 2017 Filing

Operations Trend

Revenue Growth92nd percentile

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $1,095,5792011Expenses 2012: $1,151,6622012Expenses 2013: $1,152,8572013Revenue 2014: $678,423Expenses 2014: $1,129,019Net Income 2014: -$450,5962014Revenue 2015: $1,453,713Expenses 2015: $1,246,488Net Income 2015: $207,2252015Revenue 2016: $1,086,141Expenses 2016: $1,508,240Net Income 2016: -$422,0992016Revenue 2017: $2,178,321Expenses 2017: $1,354,097Net Income 2017: $824,2242017Revenue 2018: $3,942,612Expenses 2018: $1,361,997Net Income 2018: $2,580,6152018Revenue 2019: $1,132,358Expenses 2019: $1,367,465Net Income 2019: -$235,1072019Revenue 2020: $695,817Expenses 2020: $1,213,763Net Income 2020: -$517,9462020Revenue 2021: $634,644Expenses 2021: $1,242,943Net Income 2021: -$608,2992021Revenue 2022: $3,879,081Expenses 2022: $1,372,146Net Income 2022: $2,506,9352022Revenue 2023: $1,847,486Expenses 2023: $1,403,489Net Income 2023: $443,9972023Revenue 2024: $1,799,579Expenses 2024: $1,546,743Net Income 2024: $252,8362024Revenue 2025: $1,629,711Expenses 2025: $1,476,799Net Income 2025: $152,9122025

Highlighted filing

2017

Revenue$2,178,321
Expenses$1,354,097
Net Income$824,224
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Sep 13, 2017
Return Version
2016v3.0
Gross Receipts
$2,394,094
Mission and Program Overview

Mission

Our mission is to give parents the opportunity to choose the most appropriate school for their children. By providing educational opportunities to families in need, most seeks to promote excellence in education.

Provide educational opportunities and assistance to children who are unable to achieve the same or have difficulty doing so for financial reasons.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,389,850$2,469,442▲ $1,079,592
Investments Program Related$816,906$932,659▲ $115,753
Cash and Non-Interest-Bearing Accounts$503,074$202,013▼ $301,061
Prepaid Expenses and Deferred Charges$624$624→ $0
Total Assets$2,710,454$3,604,738▲ $894,284
Liabilities
Accounts Payable and Accrued Expenses$2,764$2,844▲ $80
Total Liabilities$2,764$2,844▲ $80
Net Assets / Fund Balance
Unrestricted Net Assets$2,648,770$3,542,974▲ $894,204
Temporarily Rstr Net Assets$58,920$58,920→ $0
Total Net Assets Fund Balance$2,707,690$3,601,894▲ $894,204
Total Liabilities and Net Assets / Fund Balance$2,710,454$3,604,738▲ $894,284

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$932,659--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Amanda RoughExecutive DirectorFT$110,000$7,033$117,033

Board Members and Trustees

NameTitle
Alexis S FaberDirector
Buzzy HusseyDirector
E Carl Krausnick JrDirector
Elkan ScheidtDirector
Jane G SlateryDirector
John LaughlinDirector
Michael McdonnellDirector
Rev Colenzo HubbardDirector
Robert M SolmsonDirector
Robin Salky OrgelDirector
Scott C HennessyDirector
Trent D WilliamsonDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,157,069
Program Service Revenue
$0
Investment Income
$25,265
Other Revenue
$-4,013
All Other Contributions
$2,032,876
Change in Net Assets
$824,224

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,178,321
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$69,980
Total Revenue per Audited Statements
$2,248,301
Total Revenue per Form 990
$2,178,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$986,273
Salaries, Compensation, and Employee Benefits$262,080
Other Expenses$105,744
Total Fundraising Expense$91,344
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$986,273--$986,273
Other Salaries and Wages-$120,892-$120,892
Current Officers, Directors, Trustees, and Key Employees-$66,972$44,648$111,620
Occupancy-$25,790-$25,790
Payroll Taxes-$14,372$3,416$17,788
Other Employee Benefits-$8,967$2,813$11,780
Fees for Service Investment Mgmnt Fees-$8,976-$8,976
Fees for Services Accounting-$8,700-$8,700
All Other Expenses-$7,620-$7,620
Office Expenses-$7,232-$7,232
Other Expenses-$2,959$7,174$2,959
Insurance-$1,000-$1,000
Total Functional Expenses$986,273$276,480$91,344$1,354,097

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,354,097
Total Expenses per Audited Statements$1,354,097
Total Expenses per Form 990$1,354,097
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$48,015
Fundraising Gross Income$44,002
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Tournament$168,195$44,002$48,015$-4,013
Total Events$168,195$44,002$48,015$-4,013
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
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
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 return preparer provided a copy of the final version of form 990 to the executive director and the chairman of the board before it was filed. Additionally, the executive director and chairman reviewed and approved the return before it was filed.”

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

“Directors and officers are required to complete a disclosure form indicating any potential conflict of interest and agrees to provide any information annually with a change in his or her status.”

Form 990, Part VI, Section B, Line 15A

“The board reviews the duties and responsibilities of the executive director, compares those duties and responsibilities with other similar not for profit organizations in the area and sets compensation and benefits accordingly.”

Form 990, Part VI, Section C, Line 19

“Most provides public inspection of its financial statements or other governing documents upon request.”

FORM 990, PART XI, SECTION C, LINE 2C:

“The processes for the governing board overseeing the annual audit and selecting an independent accountant have not changed from previous years.”

Filing and Contact Details

Filer

Filer Name
Memphis Opportunity Scholarship
EIN
62-1723618
Phone
9018425328
Address
1000 RIDGEWAY LOOP ROAD NO 205, MEMPHIS, TN 38120

Signing Officer

Name
Robert M Solmson
Title
Chairman
Phone
9018425328
Signed
2017-09-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert M Solmson
Formed
1998
Legal Domicile
Tn
Voting Board Members
13
Independent Board Members
13
Employees
4
Volunteers
14

Preparer

Firm
Henderson Hutcherson & Mccullough Pllc
Address
700 COLONIAL ROAD SUITE 220, MEMPHIS, TN 38117-5156
Preparer
Richard a Swope CPA
Phone
9016834234
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“4accounting principles generally accepted in the united states of america requires management of most to evaluate tax positions taken by the organization and recognize a tax liability (or asset) if most has taken an uncertain position that more than likely would not be sustained upon examination by the internal revenue service. Management of most has analyzed the tax positions taken by the organization and has concluded that, as of june 30, 2017, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. Most is subject to routine audits by taxing jurisdictions; however, there are currently no audits in progress for any tax periods. Most believes it is no longer subject to income tax examinations for years prior to june 30, 2014.”

Raw XML AppendixShowing 400 of 456 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/BOYAmt02764
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02844
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0PROVIDE EDUCATIONAL OPPORTUNITIES AND ASSISTANCE TO CHILDREN WHO ARE UNABLE TO ACHIEVE THE SAME OR HAVE DIFFICULTY DOING SO FOR FINANCIAL REASONS.
IRS990/AllOtherContributionsAmt02032876
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt07620
IRS990/AllOtherExpensesGrp/TotalAmt07620
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MANDY ROUGH
IRS990/BooksInCareOfDetail/PhoneNum09018425328
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01000 RIDGEWAY LOOP ROAD SUITE 205
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038120
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0503074
IRS990/CashNonInterestBearingGrp/EOYAmt0202013
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt044648
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt066972
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0111620
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContriRptFundraisingEventAmt0124193
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt02157069
IRS990/CYGrantsAndSimilarPaidAmt0986273
IRS990/CYInvestmentIncomeAmt025265
IRS990/CYOtherExpensesAmt0105744
IRS990/CYOtherRevenueAmt0-4013
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0824224
IRS990/CYSalariesCompEmpBnftPaidAmt0262080
IRS990/CYTotalExpensesAmt01354097
IRS990/CYTotalFundraisingExpenseAmt091344
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02178321
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PROVIDE EDUCATIONAL OPPORTUNITIES AND ASSISTANCE TO CHILDREN WHO ARE UNABLE TO ACHIEVE THE SAME OR HAVE DIFFICULTY DOING SO FOR FINANCIAL REASONS. THE MAIN FORM OF ASSISTANCE PROVIDED BY MOST IS SCHOLARSHIPS TO HELP STUDENTS FROM LOW-INCOME FAMILIES HAVE THE OPPORTUNITY TO ATTEND PRIVATE SCHOOLS IN THE MEMPHIS AREA THAT CHARGE TUITION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt04
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0986273
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08700
IRS990/FeesForServicesAccountingGrp/TotalAmt08700
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt08976
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt08976
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
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/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt81.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt91.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt101.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt111.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1240.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt127033
IRS990/Form990PartVIISectionAGrp/PersonNm0ALEXIS S FABER
IRS990/Form990PartVIISectionAGrp/PersonNm1BUZZY HUSSEY
IRS990/Form990PartVIISectionAGrp/PersonNm2E CARL KRAUSNICK JR
IRS990/Form990PartVIISectionAGrp/PersonNm3ELKAN SCHEIDT
IRS990/Form990PartVIISectionAGrp/PersonNm4JANE G SLATERY
IRS990/Form990PartVIISectionAGrp/PersonNm5JOHN LAUGHLIN
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHAEL MCDONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm7REV COLENZO HUBBARD
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT M SOLMSON
IRS990/Form990PartVIISectionAGrp/PersonNm9ROBIN SALKY ORGEL
IRS990/Form990PartVIISectionAGrp/PersonNm10SCOTT C HENNESSY
IRS990/Form990PartVIISectionAGrp/PersonNm11TRENT D WILLIAMSON
IRS990/Form990PartVIISectionAGrp/PersonNm12AMANDA ROUGH
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/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt12110000
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01998
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0124193
IRS990/FundraisingDirectExpensesAmt048015
IRS990/FundraisingGrossIncomeAmt044002
IRS990/GainOrLossGrp/SecuritiesAmt04437
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GrantAmt0986273
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt0986273
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt0986273
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0172195
IRS990/GrossReceiptsAmt02394094
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt013
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01000
IRS990/InsuranceGrp/TotalAmt01000
IRS990/InvestmentIncomeGrp/ExclusionAmt020828
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt020828
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0816906
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0932659
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0167758
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO GIVE PARENTS THE OPPORTUNITY TO CHOOSE THE MOST APPROPRIATE SCHOOL FOR THEIR CHILDREN. BY PROVIDING EDUCATIONAL OPPORTUNITIES TO FAMILIES IN NEED, MOST SEEKS TO PROMOTE EXCELLENCE IN EDUCATION.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt02707690
IRS990/NetAssetsOrFundBalancesEOYAmt03601894
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt04437
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt04437
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-4013
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-4013
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt069980
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt025790
IRS990/OccupancyGrp/TotalAmt025790
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt07232
IRS990/OfficeExpensesGrp/TotalAmt07232
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02813
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08967
IRS990/OtherEmployeeBenefitsGrp/TotalAmt011780
IRS990/OtherExpensesGrp/Desc0MARKETING
IRS990/OtherExpensesGrp/Desc1DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2SCHOLARSHIP DATABASE
IRS990/OtherExpensesGrp/Desc3POSTAGE
IRS990/OtherExpensesGrp/FundraisingAmt033293
IRS990/OtherExpensesGrp/FundraisingAmt17174
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03000
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12959
IRS990/OtherExpensesGrp/TotalAmt033293
IRS990/OtherExpensesGrp/TotalAmt17174
IRS990/OtherExpensesGrp/TotalAmt23000
IRS990/OtherExpensesGrp/TotalAmt32959
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0120892
IRS990/OtherSalariesAndWagesGrp/TotalAmt0120892
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt03416
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt014372
IRS990/PayrollTaxesGrp/TotalAmt017788
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01389850
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02469442
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0624
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0624
IRS990/PrincipalOfficerNm0ROBERT M SOLMSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01193096
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0967264
IRS990/PYInvestmentIncomeAmt010225
IRS990/PYOtherExpensesAmt093353
IRS990/PYOtherRevenueAmt0-5484
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-98955
IRS990/PYSalariesCompEmpBnftPaidAmt0236175
IRS990/PYTotalExpensesAmt01296792
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01197837
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0824224
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02157069
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01187611
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01368555
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0637372
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0782098
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06132705
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020828
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010225
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt093746
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt045215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt050655
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0220669
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.85750
IRS990ScheduleA/PublicSupportTotal170Amt05448105
IRS990ScheduleA/SubstantialContributorsTotAmt0684600
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02157069
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01187611
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01368555
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0637372
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0782098
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06132705
IRS990ScheduleA/TotalSupportAmt06353374
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01354097
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0932659
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0EQUITIES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0F
IRS990ScheduleD/NetUnrealizedGainsInvstAmt069980
IRS990ScheduleD/RevenueNotReportedAmt069980
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02178321
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt04ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF MOST TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF MOST HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT OF MOST HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MOST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. MOST BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt0932659
IRS990ScheduleD/TotalExpensesPerForm990Amt01354097
IRS990ScheduleD/TotalRevenuePerForm990Amt02178321
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02248301
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01354097
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt0124193
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt0124193
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt048015
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF TOURNAMENT
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0168195
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0168195
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt044002
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt044002
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-4013
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt048015
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt048015
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0986273
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS AWARDED ON BEHALF OF CHILDREN IN PRE-K THROUGH GRADE 12
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceAmt00
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0504
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE BOARD BEFORE IT WAS FILED. ADDITIONALLY, THE EXECUTIVE DIRECTOR AND CHAIRMAN REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM INDICATING ANY POTENTIAL CONFLICT OF INTEREST AND AGREES TO PROVIDE ANY INFORMATION ANNUALLY WITH A CHANGE IN HIS OR HER STATUS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE DUTIES AND RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR, COMPARES THOSE DUTIES AND RESPONSIBILITIES WITH OTHER SIMILAR NOT FOR PROFIT ORGANIZATIONS IN THE AREA AND SETS COMPENSATION AND BENEFITS ACCORDINGLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MOST PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PROCESSES FOR THE GOVERNING BOARD OVERSEEING THE ANNUAL AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM PREVIOUS YEARS.
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 B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, SECTION C, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TN
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt058920
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt058920
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02710454
IRS990/TotalAssetsEOYAmt03604738
IRS990/TotalAssetsGrp/BOYAmt02710454
IRS990/TotalAssetsGrp/EOYAmt03604738
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02157069
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt091344
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0276480
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0986273
IRS990/TotalFunctionalExpensesGrp/TotalAmt01354097
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02764
IRS990/TotalLiabilitiesEOYAmt02844
IRS990/TotalLiabilitiesGrp/BOYAmt02764
IRS990/TotalLiabilitiesGrp/EOYAmt02844
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02707690
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03601894
IRS990/TotalOtherCompensationAmt07033
IRS990/TotalProgramServiceExpensesAmt0986273
IRS990/TotalReportableCompFromOrgAmt0110000

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$3,604,738
Liabilities
$2,844
Net assets
$3,601,894
Revenue
$2,178,321
Expenses
$1,354,097
Net income
$824,224
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.96$0.00$7.96$1.63$1.48$0.15
2024Detailed filing. Detailed filing data is available for this year.$7.82$0.00$7.82$1.80$1.55$0.25
2023Detailed filing. Detailed filing data is available for this year.$7.50$0.00$7.50$1.85$1.40$0.44
2022Detailed filing. Detailed filing data is available for this year.$7.08$0.00$7.08$3.88$1.37$2.51
2021Detailed filing. Detailed filing data is available for this year.$4.81$0.00$4.81$0.63$1.24$0.61
2020Detailed filing. Detailed filing data is available for this year.$5.43$0.00$5.43$0.70$1.21$0.52
2019Detailed filing. Detailed filing data is available for this year.$5.98$0.00$5.98$1.13$1.37$0.24
2018Detailed filing. Detailed filing data is available for this year.$6.20$0.00$6.20$3.94$1.36$2.58
2017Detailed filing. Detailed filing data is available for this year.$3.60$0.00$3.60$2.18$1.35$0.82
2016Detailed filing. Detailed filing data is available for this year.$2.71$0.00$2.71$1.09$1.51$0.42
2015Detailed filing. Detailed filing data is available for this year.$3.13$0.00$3.13$1.45$1.25$0.21
2014Detailed filing. Detailed filing data is available for this year.$3.04$0.00$3.04$0.68$1.13$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.39$0.00$3.38$1.15
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.64$0.00$3.63$1.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.01$2.14$1.10