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990 • Fiscal year 2012 • EIN 94-3487601

Jul 01, 2011 to Jun 30, 2012 • Filed on May 15, 2013

Organization ProfileWWW.SEMEMPHIS.ORG
4450 S Mendenhall Rd38141
Siviq Scores

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

Liabilities / Assets

71st percentile

0.38x

Higher debt load relative to assets than 71% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

84th percentile

21%

Faster asset growth than 84% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$2,380,884

Up $417,596 (+21%) from 2011

Net Assets

Up

$1,470,208

Up $474,470 (+48%) from 2011

Liabilities

Down

$910,676

Down $56,874 (-5.9%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,664,343

Up $697,281 (+35%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth84th percentile

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

$40M$30M$20M$10M$0Assets 2011: $1,963,288Liabilities 2011: $967,550Net Assets 2011: $995,7382011Assets 2012: $2,380,884Liabilities 2012: $910,676Net Assets 2012: $1,470,2082012Assets 2013: $2,410,394Liabilities 2013: $882,256Net Assets 2013: $1,528,1382013Assets 2014: $2,186,552Liabilities 2014: $877,593Net Assets 2014: $1,308,9592014Assets 2015: $2,782,062Liabilities 2015: $1,007,934Net Assets 2015: $1,774,1282015Assets 2016: $4,477,959Liabilities 2016: $2,051,970Net Assets 2016: $2,425,9892016Assets 2017: $5,334,692Liabilities 2017: $2,215,979Net Assets 2017: $3,118,7132017Assets 2018: $5,941,523Liabilities 2018: $2,087,434Net Assets 2018: $3,854,0892018Assets 2019: $6,747,985Liabilities 2019: $2,058,135Net Assets 2019: $4,689,8502019Assets 2020: $14,714,187Liabilities 2020: $9,149,439Net Assets 2020: $5,564,7482020Assets 2021: $15,946,000Liabilities 2021: $7,961,946Net Assets 2021: $7,984,0542021Assets 2022: $29,882,886Liabilities 2022: $20,084,832Net Assets 2022: $9,798,0542022Assets 2023: $32,096,467Liabilities 2023: $21,641,193Net Assets 2023: $10,455,2742023Assets 2024: $37,129,287Liabilities 2024: $22,221,124Net Assets 2024: $14,908,1632024

Highlighted filing

2012

Assets$2,380,884
Liabilities$910,676
Net Assets$1,470,208
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$30M$20M$10M$0-$10MRevenue 2011: $2,962,800Expenses 2011: $1,967,062Net Income 2011: $995,7382011Expenses 2012: $2,664,3432012Expenses 2013: $3,036,3592013Revenue 2014: $3,025,808Expenses 2014: $3,244,987Net Income 2014: -$219,1792014Revenue 2015: $3,877,941Expenses 2015: $3,046,537Net Income 2015: $831,4042015Revenue 2016: $4,159,192Expenses 2016: $3,507,331Net Income 2016: $651,8612016Revenue 2017: $4,642,451Expenses 2017: $4,249,261Net Income 2017: $393,1902017Revenue 2018: $6,105,225Expenses 2018: $5,369,849Net Income 2018: $735,3762018Revenue 2019: $7,361,107Expenses 2019: $6,597,710Net Income 2019: $763,3972019Revenue 2020: $8,414,386Expenses 2020: $7,539,488Net Income 2020: $874,8982020Revenue 2021: $13,611,845Expenses 2021: $11,161,164Net Income 2021: $2,450,6812021Revenue 2022: $16,018,216Expenses 2022: $14,112,435Net Income 2022: $1,905,7812022Revenue 2023: $20,141,897Expenses 2023: $19,484,677Net Income 2023: $657,2202023Revenue 2024: $26,201,905Expenses 2024: $21,749,016Net Income 2024: $4,452,8892024

Highlighted filing

2012

Revenue-
Expenses$2,664,343
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2011 to Jun 30, 2012
Signed
May 15, 2013
Return Version
2011v1.2
Gross Receipts
$3,211,048
Mission and Program Overview

Mission

The mission of memphis school of excellence is to provide a safe and collaborative environment which will cultivate the academic and social development of its students by emphasizing math, science, and technology for the purpose of students setting and meeting higher education goals.

Filing and Contact Details

Filer

EIN
94-3487601
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0THE SCHOOL ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2012.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIV/ReturnReference0PART X:
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IRS990ScheduleE/Form990ScheduleEPartII/Explanation0THE SCHOOL IS A PUBLIC CHARTER SCHOOL. SCHOLARSHIPS ARE NOT OFFERED.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1THE SCHOOL RECEIVED FINANCIAL AID FROM THE FEDERAL GOVERNMENT AND THE STATE OF TENNESSEE THROUGH THE FOLLOWING AWARDS: TITLE 1, CAPITAL OUTLAY AND THE PLANNING AND IMPLEMENTATION GRANT FOR TENNESSEE PUBLIC CHARTER SCHOOLS.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0EXPLANATION OF DOCUMENT RETENTION
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1EXPLANATION OF GOVERNMENT FINANCIAL ASSISTANCE
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IRS990ScheduleO/GeneralExplanation/Explanation0THE BOARD REVIEWS FORM 990 FOR APPROVAL BEFORE THE RETURN IS FILED.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BOARD REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY BOARD MEMBERS, KEY EMPLOYEES AND STAFF ON A REGULAR BASIS.
IRS990ScheduleO/GeneralExplanation/Explanation2THE PROCESS FOR DETERMINING THE COMPENSATION OF THE KEY EMPLOYEES IS DETERMINED BY THE BOARD OF THE READ FOUNDATION DBA MEMPHIS SCHOOL OF EXCELLENCE. COMPENSATION AMOUNTS ARE CALCULATED AND APPROVED BASED ON PAY SCALE OF MEMPHIS CITY SCHOOLS.
IRS990ScheduleO/GeneralExplanation/Explanation3THE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE (SEMEMPHIS.ORG/DOCUMENTS/FORM990-2010-2011.PDF) AS WELL AS UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation4PRIOR PERIOD ADJUSTMENTS: -72,235.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PART VI, SECTION B, LINE 15
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IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UnrestrictedNetAssets/BOY0995738
IRS990/UnrestrictedNetAssets/EOY01470208
IRS990/UponRequest0X
IRS990/WebSite0WWW.SEMEMPHIS.ORG
IRS990/WhistleblowerPolicy00
IRS990/YearFormation02009
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0943487601
ReturnHeader/Filer/Name/BusinessNameLine10READ FOUNDATION
ReturnHeader/Filer/NameControl0READ
ReturnHeader/Filer/Phone09013677814
ReturnHeader/Filer/USAddress/AddressLine104450 S MENDENHALL RD
ReturnHeader/Filer/USAddress/City0MEMPHIS
ReturnHeader/Filer/USAddress/State0TN
ReturnHeader/Filer/USAddress/ZIPCode038141
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02013-05-15
ReturnHeader/Officer/Name0AZAMAT KOLBAEV
ReturnHeader/Officer/Phone09013677814
ReturnHeader/Officer/Title0BUSINESS MANAGER
ReturnHeader/PreparerFirm/EIN0621152935
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10ZOCCOLA KAPLAN PLLC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine106800 POPLAR AVENUE STE 210
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0GERMANTOWN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0TN
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode038138
ReturnHeader/Preparer/Name0MARCUS ROUNTREE
ReturnHeader/Preparer/Phone09015238283
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-07-01

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,380,884
Liabilities
$910,676
Net assets
$1,470,208
Revenue
-
Expenses
$2,664,343
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.1$22.2$14.9$26.2$21.7$4.45
2023Detailed filing. Detailed filing data is available for this year.$32.1$21.6$10.5$20.1$19.5$0.66
2022Detailed filing. Detailed filing data is available for this year.$29.9$20.1$9.80$16.0$14.1$1.91
2021Detailed filing. Detailed filing data is available for this year.$15.9$7.96$7.98$13.6$11.2$2.45
2020Detailed filing. Detailed filing data is available for this year.$14.7$9.15$5.56$8.41$7.54$0.87
2019Detailed filing. Detailed filing data is available for this year.$6.75$2.06$4.69$7.36$6.60$0.76
2018Detailed filing. Detailed filing data is available for this year.$5.94$2.09$3.85$6.11$5.37$0.74
2017Detailed filing. Detailed filing data is available for this year.$5.33$2.22$3.12$4.64$4.25$0.39
2016Detailed filing. Detailed filing data is available for this year.$4.48$2.05$2.43$4.16$3.51$0.65
2015Detailed filing. Detailed filing data is available for this year.$2.78$1.01$1.77$3.88$3.05$0.83
2014Detailed filing. Detailed filing data is available for this year.$2.19$0.88$1.31$3.03$3.24$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.88$1.53$3.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.91$1.47$2.66
2011Summary only. Only limited summary data is available for this year.$1.96$0.97$1.00$2.96$1.97$1.00