Civic Intelligence

Memphis Academy of Science and Engineering

990 • Fiscal year 2017 • EIN 72-1552646

Jul 01, 2016 to Jun 30, 2017 • Filed on Jan 26, 2018

Organization Profilewww.discovermase.org
20 S DUDLEY No 900Memphis, TN 38103

(901) 866-1400

Siviq Scores

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

Liabilities / Assets

99th percentile

4.54x

Higher debt load relative to assets than 99% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

1.28x

Higher debt load relative to revenue than 87% of similar nonprofits.

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

Net Margin

57th percentile

5.7%

Higher net margin than 57% of similar nonprofits.

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

Top Officer Pay

95th percentile

$341,490

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

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

Asset Growth

4th percentile

-27%

Faster asset growth than 4% of similar nonprofits.

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

Revenue Growth

71st percentile

18%

Faster revenue growth than 71% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets99th percentile

Assets

Down

$1,266,575

Down $467,685 (-27%) from 2016

Net Assets

Up

-$4,486,960

Up $257,668 (+5.4%) from 2016

Liabilities

Down

$5,753,535

Down $725,353 (-11%) from 2016

Revenue And Expenses
Liabilities / Revenue87th percentileNet Margin57th percentile

Revenue

Up

$4,509,271

Up $687,024 (+18%) from 2016

Expenses

Up

$4,251,605

Up $480,946 (+13%) from 2016

Net Income

Up

$257,666

Up $206,078 (+399%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$10M$5.0M$0-$5.0MAssets 2010: $4,942,153Liabilities 2010: $5,937,081Net Assets 2010: -$994,9282010Assets 2011: $4,472,905Liabilities 2011: $6,244,713Net Assets 2011: -$1,771,8082011Assets 2012: $4,081,629Liabilities 2012: $6,741,589Net Assets 2012: -$2,659,9602012Assets 2013: $3,963,742Liabilities 2013: $7,271,359Net Assets 2013: -$3,307,6172013Assets 2014: $1,014,271Liabilities 2014: $5,680,439Net Assets 2014: -$4,666,1682014Assets 2015: $1,389,798Liabilities 2015: $6,186,014Net Assets 2015: -$4,796,2162015Assets 2016: $1,734,260Liabilities 2016: $6,478,888Net Assets 2016: -$4,744,6282016Assets 2017: $1,266,575Liabilities 2017: $5,753,535Net Assets 2017: -$4,486,9602017Assets 2018: $1,728,807Liabilities 2018: $5,706,526Net Assets 2018: -$3,977,7192018Assets 2019: $2,147,712Liabilities 2019: $5,114,834Net Assets 2019: -$2,967,1222019Assets 2020: $3,221,605Liabilities 2020: $5,936,404Net Assets 2020: -$2,714,7992020Assets 2021: $3,377,802Liabilities 2021: $4,767,598Net Assets 2021: -$1,389,7962021Assets 2022: $6,415,128Liabilities 2022: $3,943,727Net Assets 2022: $2,471,4012022Assets 2023: $4,663,179Liabilities 2023: $1,765,342Net Assets 2023: $2,897,8372023Assets 2024: $5,777,100Liabilities 2024: $1,300,771Net Assets 2024: $4,476,3292024Assets 2025: $5,159,319Liabilities 2025: $1,778,928Net Assets 2025: $3,380,3912025

Highlighted filing

2017

Assets$1,266,575
Liabilities$5,753,535
Net Assets-$4,486,960
Open 2017 Filing

Operations Trend

Revenue Growth71st percentile

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $6,495,1472010Revenue 2011: $6,228,695Expenses 2011: $6,953,282Net Income 2011: -$724,5872011Expenses 2012: $5,623,8902012Revenue 2013: $4,122,152Expenses 2013: $4,769,809Net Income 2013: -$647,6572013Revenue 2014: $2,543,394Expenses 2014: $3,901,945Net Income 2014: -$1,358,5512014Revenue 2015: $3,620,108Expenses 2015: $3,396,327Net Income 2015: $223,7812015Revenue 2016: $3,822,247Expenses 2016: $3,770,659Net Income 2016: $51,5882016Revenue 2017: $4,509,271Expenses 2017: $4,251,605Net Income 2017: $257,6662017Revenue 2018: $4,927,644Expenses 2018: $4,418,403Net Income 2018: $509,2412018Revenue 2019: $6,133,900Expenses 2019: $5,123,303Net Income 2019: $1,010,5972019Revenue 2020: $6,124,888Expenses 2020: $5,872,565Net Income 2020: $252,3232020Revenue 2021: $7,114,032Expenses 2021: $6,046,146Net Income 2021: $1,067,8862021Revenue 2022: $10,614,851Expenses 2022: $6,750,257Net Income 2022: $3,864,5942022Revenue 2023: $9,079,674Expenses 2023: $8,653,237Net Income 2023: $426,4372023Revenue 2024: $11,987,175Expenses 2024: $10,408,683Net Income 2024: $1,578,4922024Revenue 2025: $10,427,626Expenses 2025: $11,523,564Net Income 2025: -$1,095,9382025

Highlighted filing

2017

Revenue$4,509,271
Expenses$4,251,605
Net Income$257,666
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Jan 26, 2018
Return Version
2016v3.0
Gross Receipts
$4,509,271
Mission and Program Overview

Mission

To produce lifelong learners, critical thinkers, effective communicators, and productive members of the global community

To produce lifelong learners, critical thinkers, effective communicators, and productive members of the global community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$611,647$578,977▼ $32,670
Cash and Non-Interest-Bearing Accounts$122,772$374,363▲ $251,591
Accounts Receivable$1,008$54,659▲ $53,651
Prepaid Expenses and Deferred Charges$71,372$2,994▼ $68,378
Total Assets$1,734,260$1,266,575▼ $467,685
Other Assets Total$927,461$255,582▼ $671,879
Liabilities
Other Liabilities$1,577,580$5,346,059▲ $3,768,479
Accounts Payable and Accrued Expenses$136,093$221,063▲ $84,970
Mortgage Notes Payable Secured by Investment Property$3,771,059$149,863▼ $3,621,196
Deferred Revenue$994,156$36,550▼ $957,606
Total Liabilities$6,478,888$5,753,535▼ $725,353
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$48,125-
Unrestricted Net Assets$-4,744,628$-4,535,085▲ $209,543
Total Net Assets Fund Balance$-4,744,628$-4,486,960▲ $257,668
Total Liabilities and Net Assets / Fund Balance$1,734,260$1,266,575▼ $467,685

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$98,255$1,846,899$1,945,154
Leasehold Improvements$475,905$949,059$1,424,964
Other Land Buildings$4,817$61,932$66,749
Other Assets Org$54,915--
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
jammie pooleExecutive Dir/principal - outgoingFT$166,994$33,490$200,484
Rod GastoneXecutive DirectorFT$73,808$19,291$93,099

Board Members and Trustees

NameTitle
Steven JbaresCHAIRMAN of the Board
Daniel CoppDirector
Darryl JacksonDirector
Douglas McGowenDirector
Gary LynchDirector
Jessica BallDirector
Jessica BeckerDirector
Brandon WellfordCFO
Tiffany JonesParent Member
Susan HuffmanTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mississippi Blvd Christian ChurchClassroom Space70 BELLVUE BLVD, Memphis, TN 38104$266,140
Revenue and Support

Revenue Composition

Contributions and Grants
$524,532
Program Service Revenue
$3,853,340
Investment Income
$49
Other Revenue
$131,350
All Other Contributions
$23,217
Change in Net Assets
$257,666

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,509,271
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,509,271
Total Revenue per Form 990
$4,509,271
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,696,954
Other Expenses$1,554,651
Total Fundraising Expense$92,332
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,414,849$535,535-$1,950,384
Occupancy$420,394$105,098-$525,492
Other Employee Benefits$278,058$92,685-$370,743
Current Officers, Directors, Trustees, and Key Employees$191,755--$191,755
Payroll Taxes$138,054$46,018-$184,072
Travel$120,866$40,289-$161,155
Depreciation Depletion$129,162--$129,162
Interest-$124,543-$124,543
Fees for Services Accounting-$66,368-$66,368
Insurance$29,435$9,812-$39,247
Other Expenses$84,810$13,335$92,332$13,335
Fees for Services Other$3,875$5,324-$9,199
All Other Expenses-$8,939-$8,939
Office Expenses$4,294$3,187-$7,481
Advertising$5,947$1,487-$7,434
Fees for Services Legal-$586-$586
Total Functional Expenses$3,048,369$1,110,904$92,332$4,251,605

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,251,605
Total Expenses per Audited Statements$4,251,605
Total Expenses per Form 990$4,251,605
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 Gross Income$92,332
Fundraising Direct Expenses$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Student Fundraisers$92,332$92,332-$92,332
Total Events$92,332$92,332-$92,332
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Notes Payable - Long-term$4,018,342
memphis bioworks note payable$1,327,717
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
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 A, line 8B

“There are no committees within the organizations governing body.”

Form 990, Part VI, Section B, line 11B

“Copies of form 990 are available to any members of the governing body upon request, and the chairman of the board signs the tax return.”

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

“New conflict of interest forms are required to be filed annually by each member of the board of directors.”

Form 990, Part VI, Section B, line 15

“Reviewed and approved by the chairman of the board.”

Form 990, Part VI, Section C, line 19

“Upon request”

Filing and Contact Details

Filer

Filer Name
Memphis Academy of Science & Engineering
EIN
72-1552646
Phone
9018661400
Address
20 S DUDLEY No 900, MEMPHIS, TN 38103

Signing Officer

Name
Steven J Bares
Title
Chairman of the Board
Phone
9018661400
Signed
2018-01-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven J Bares
Formed
2002
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
71
Volunteers
0

Preparer

Firm
Cbiz Mhm LLC
Address
5100 Poplar Avenue Thirtieth Floor, Memphis, TN 38137
Preparer
Bryan J Koch
Phone
9016855575
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“ROUNDING 2.”

Financial Statement Notes

Part X, Line 2:

“Income taxes MASE has been determined to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) as evidenced by a determination letter dated June24, 2003. As a tax-exempt organization, MASE must operate in conformity with the IRC in order to maintain its tax-exempt status. MASE is also exempt from state income tax. MASE's federal exempt organization tax returns for the years ended June 30, 2014, 2015 and 2016, are subject to examination by the Internal Revenue Service, generally for three years after they are filed.”

Raw XML AppendixShowing 400 of 590 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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IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt09812
IRS990/InsuranceGrp/ProgramServicesAmt029435
IRS990/InsuranceGrp/TotalAmt039247
IRS990/InterestGrp/ManagementAndGeneralAmt0124543
IRS990/InterestGrp/TotalAmt0124543
IRS990/InvestmentIncomeGrp/ExclusionAmt049
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt049
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02857890
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0611647
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0578977
IRS990/LandBldgEquipCostOrOtherBssAmt03436867
IRS990/LegalDomicileStateCd0TN
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0The mission of the Memphis Academy of Science and Engineering (MASE) is to produce lifelong learners, critical thinkers, effective communicators, and productive members of the global community through a focus on state and national standards, strong industrial partnerships, numerous research opportunities, continuous technological improvements, and a staff committed to social awareness, excellence, and personal responsibility. Students are committed to the idea that success in any form is the result of hard work, self-respect and perseverance.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03771059
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0149863
IRS990/NetAssetsOrFundBalancesBOYAmt0-4744628
IRS990/NetAssetsOrFundBalancesEOYAmt0-4486960
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt092332
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt092332
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0105098
IRS990/OccupancyGrp/ProgramServicesAmt0420394
IRS990/OccupancyGrp/TotalAmt0525492
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03187
IRS990/OfficeExpensesGrp/ProgramServicesAmt04294
IRS990/OfficeExpensesGrp/TotalAmt07481
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0927461
IRS990/OtherAssetsTotalGrp/EOYAmt0255582
IRS990/OtherChangesInNetAssetsAmt02
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt092685
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0278058
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0370743
IRS990/OtherExpensesGrp/Desc0Supplies
IRS990/OtherExpensesGrp/Desc1Student Activites
IRS990/OtherExpensesGrp/Desc2Equipment rental and ma
IRS990/OtherExpensesGrp/Desc3DUES AND MEMBERSHIP
IRS990/OtherExpensesGrp/FundraisingAmt092332
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt042731
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114967
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt213335
IRS990/OtherExpensesGrp/ProgramServicesAmt0171342
IRS990/OtherExpensesGrp/ProgramServicesAmt155528
IRS990/OtherExpensesGrp/ProgramServicesAmt284810
IRS990/OtherExpensesGrp/TotalAmt0214073
IRS990/OtherExpensesGrp/TotalAmt1147860
IRS990/OtherExpensesGrp/TotalAmt299777
IRS990/OtherExpensesGrp/TotalAmt313335
IRS990/OtherLiabilitiesGrp/BOYAmt01577580
IRS990/OtherLiabilitiesGrp/EOYAmt05346059
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Expense Recovery
IRS990/OtherRevenueMiscGrp/ExclusionAmt039018
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt039018
IRS990/OtherRevenueTotalAmt039018
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0535535
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01414849
IRS990/OtherSalariesAndWagesGrp/TotalAmt01950384
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt046018
IRS990/PayrollTaxesGrp/ProgramServicesAmt0138054
IRS990/PayrollTaxesGrp/TotalAmt0184072
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071372
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02994
IRS990/PrincipalOfficerNm0Steven J Bares
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL ALLOCATION
IRS990/ProgramServiceRevenueGrp/Desc1SUMMER SCHOOL FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03846390
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16950
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03846390
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16950
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03757027
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01325800
IRS990/PYOtherRevenueAmt065220
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt051588
IRS990/PYSalariesCompEmpBnftPaidAmt02444859
IRS990/PYTotalExpensesAmt03770659
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03822247
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0257666
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt025000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03853340
IRS990ScheduleA/SchoolInd0X
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/EquipmentGrp/BookValueAmt098255
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01846899
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01945154
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04251605
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0475905
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0949059
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01424964
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0200667
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt154915
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Deferred Pension Outflow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Net Pension Asset
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt04817
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061932
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt066749
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04018342
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11327717
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE - LONG-TERM
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1memphis bioworks note payable
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04509271
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Income taxes MASE has been determined to be exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code (IRC) as evidenced by a determination letter dated June24, 2003. As a tax-exempt organization, MASE must operate in conformity with the IRC in order to maintain its tax-exempt status. MASE is also exempt from state income tax. MASE's federal exempt organization tax returns for the years ended June 30, 2014, 2015 and 2016, are subject to examination by the Internal Revenue Service, generally for three years after they are filed.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0578977
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0255582
IRS990ScheduleD/TotalExpensesPerForm990Amt04251605
IRS990ScheduleD/TotalLiabilityAmt05346059
IRS990ScheduleD/TotalRevenuePerForm990Amt04509271
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04509271
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04251605
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0POLICY IS DESCRIBED IN THE WEBSITE AND DURING THE REGISTRATION PROCESS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1STARTING WITH THE 2010/2011 SCHOOL YEAR, MASE RECEIVES FROM THE STATE OF TENNESSEE PAYMENTS FOR FACILITIES AND MEALS (FOR STUDENTS WHO QUALIFY). MASE ALSO RECEIVES FUNDING FROM SHELBY COUNTY SCHOOLS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1Schedule E, Part I, Line 6
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STUDENT FUNDRAISERS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt092332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt092332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt092332
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt092332
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt092332
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,266,575
Liabilities
$5,753,535
Net assets
-$4,486,960
Revenue
$4,509,271
Expenses
$4,251,605
Net income
$257,666
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.16$1.78$3.38$10.4$11.5$1.10
2024Detailed filing. Detailed filing data is available for this year.$5.78$1.30$4.48$12.0$10.4$1.58
2023Detailed filing. Detailed filing data is available for this year.$4.66$1.77$2.90$9.08$8.65$0.43
2022Detailed filing. Detailed filing data is available for this year.$6.42$3.94$2.47$10.6$6.75$3.86
2021Detailed filing. Detailed filing data is available for this year.$3.38$4.77$1.39$7.11$6.05$1.07
2020Detailed filing. Detailed filing data is available for this year.$3.22$5.94$2.71$6.12$5.87$0.25
2019Detailed filing. Detailed filing data is available for this year.$2.15$5.11$2.97$6.13$5.12$1.01
2018Detailed filing. Detailed filing data is available for this year.$1.73$5.71$3.98$4.93$4.42$0.51
2017Detailed filing. Detailed filing data is available for this year.$1.27$5.75$4.49$4.51$4.25$0.26
2016Detailed filing. Detailed filing data is available for this year.$1.73$6.48$4.74$3.82$3.77$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.39$6.19$4.80$3.62$3.40$0.22
2014Detailed filing. Detailed filing data is available for this year.$1.01$5.68$4.67$2.54$3.90$1.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$7.27$3.31$4.12$4.77$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.08$6.74$2.66$5.62
2011Summary only. Only limited summary data is available for this year.$4.47$6.24$1.77$6.23$6.95$0.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$5.94$0.99$6.50