Civic Intelligence

Read Foundation

990 • Fiscal year 2017 • EIN 94-3487601

Jul 01, 2016 to Jun 30, 2017 • Filed on Dec 11, 2017

Organization ProfileWWW.SEMEMPHIS.ORG
4450 S Mendenhall RdMemphis, TN 38141

(901) 367-7814

Siviq Scores

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

Liabilities / Assets

71st percentile

0.42x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

71st percentile

0.48x

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

65th percentile

8.5%

Higher net margin than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

81st percentile

19%

Faster asset growth than 81% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

65th percentile

12%

Faster revenue growth than 65% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$5,334,692

Up $856,733 (+19%) from 2016

Net Assets

Up

$3,118,713

Up $692,724 (+29%) from 2016

Liabilities

Up

$2,215,979

Up $164,009 (+8.0%) from 2016

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin65th percentile

Revenue

Up

$4,642,451

Up $483,259 (+12%) from 2016

Expenses

Up

$4,249,261

Up $741,930 (+21%) from 2016

Net Income

Down

$393,190

Down $258,671 (-40%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth81st 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

2017

Assets$5,334,692
Liabilities$2,215,979
Net Assets$3,118,713
Open 2017 Filing

Operations Trend

Revenue Growth65th percentile

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

2017

Revenue$4,642,451
Expenses$4,249,261
Net Income$393,190
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Dec 11, 2017
Return Version
2016v3.0
Gross Receipts
$4,642,451
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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,509,542$3,983,609▲ $1,474,067
Cash and Non-Interest-Bearing Accounts$1,078,283$722,238▼ $356,045
Prepaid Expenses and Deferred Charges$50,000$58,637▲ $8,637
Pledges and Grants Receivable$36,156$14,504▼ $21,652
Total Assets$4,477,959$5,334,692▲ $856,733
Other Assets Total$803,978$555,704▼ $248,274
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,025,287$1,491,808▲ $466,521
Accounts Payable and Accrued Expenses$81,159$364,818▲ $283,659
Other Liabilities$945,524$359,353▼ $586,171
Total Liabilities$2,051,970$2,215,979▲ $164,009
Net Assets / Fund Balance
Unrestricted Net Assets$2,425,989$3,118,713▲ $692,724
Total Net Assets Fund Balance$2,425,989$3,118,713▲ $692,724
Total Liabilities and Net Assets / Fund Balance$4,477,959$5,334,692▲ $856,733

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,887,967$1,244,079$5,132,046
Equipment$95,642$239,636$335,278
Other Assets Org$32,997--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Muhammet TurkayExecutive DirectorFT$91,872$20,736$112,608

Board Members and Trustees

NameTitle
Dr Cem AkkusPresident
Bayram DemirbugaBoard Member
Dr Richard PottsBoard Member
Dr Fatih SenSecretary
Patty FarmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$463,770
Program Service Revenue
$4,096,440
Investment Income
$82,241
Other Revenue
$0
All Other Contributions
$990
Change in Net Assets
$393,190

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,642,451
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,642,451
Total Revenue per Form 990
$4,642,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,442,318
Other Expenses$1,806,943
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,631,439$227,233-$1,858,672
Occupancy$968,273$40,345-$1,008,618
Office Expenses$67,013$251,541-$318,554
Depreciation Depletion$250,385$10,433-$260,818
Other Employee Benefits$173,851$44,608-$218,459
Payroll Taxes$123,859$16,125-$139,984
Pension Plan Contributions$131,579$4,231-$135,810
Travel$94,568--$94,568
Current Officers, Directors, Trustees, and Key Employees$80,454$8,939-$89,393
Interest$43,515--$43,515
Advertising-$19,151-$19,151
Fees for Services Accounting-$9,200-$9,200
Fees for Services Legal-$7,620-$7,620
Other Expenses$159$1,810-$159
Total Functional Expenses$3,591,610$657,651$0$4,249,261

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,249,261
Total Expenses per Audited Statements$4,249,261
Total Expenses per Form 990$4,249,261
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Deferred Inflows Related to Pension$223,460
Net Pension Liability$135,893
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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 B, Line 11B

“The board reviews form 990 for approval before the return is filed.”

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

“The board reviews compliance with the conflict of interest policy by board members, key employees and staff on a regular basis.”

Form 990, Part VI, Section B, Line 15

“The process for determining the compensation of the key employees is determined by using shelby county schools(scs) pay scale for its employees. Executive director and principal salaries are determined based on scs pay scale.”

Form 990, Part VI, Section C, Line 19

“The documents are available on the organization's website as well as upon request.”

Filing and Contact Details

Filer

Filer Name
Read Foundation
EIN
94-3487601
Phone
9013677814
Address
4450 S MENDENHALL RD, MEMPHIS, TN 38141
Doing Business As
Memphis School of Excellence

Signing Officer

Name
Muhammet Turkay
Title
Executive Director
Phone
9013677814
Signed
2017-12-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Muhammet Turkay
Formed
2009
Legal Domicile
Tn
Voting Board Members
5
Independent Board Members
5
Employees
50
Volunteers
300

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Kevin M Clynes CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Gasb 68 pension adjustment 299,534.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Raw XML AppendixShowing 400 of 421 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/PYContributionsGrantsAmt0628471
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt049169
IRS990/PYOtherExpensesAmt01452136
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03481552
IRS990/PYRevenuesLessExpensesAmt0651861
IRS990/PYSalariesCompEmpBnftPaidAmt02055195
IRS990/PYTotalExpensesAmt03507331
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04159192
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0393190
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04178681
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/BookValueAmt095642
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0239636
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0335278
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04249261
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03887967
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01244079
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05132046
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0522707
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt132997
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0223460
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1135893
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04642451
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03983609
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0555704
IRS990ScheduleD/TotalExpensesPerForm990Amt04249261
IRS990ScheduleD/TotalLiabilityAmt0359353
IRS990ScheduleD/TotalRevenuePerForm990Amt04642451
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04642451
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04249261
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/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL IS A PUBLIC CHARTER SCHOOL. SCHOLARSHIPS ARE NOT OFFERED.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL RECEIVED FINANCIAL AID FROM THE FEDERAL GOVERNMENT AND THE STATE OF TENNESSEE THROUGH THE FOLLOWING AWARDS: TITLE 1, SCS PER PUPIL ALLOCATIONS, AND CAPITAL OUTLAY.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD REVIEWS FORM 990 FOR APPROVAL BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY BOARD MEMBERS, KEY EMPLOYEES AND STAFF ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE PROCESS FOR DETERMINING THE COMPENSATION OF THE KEY EMPLOYEES IS DETERMINED BY USING SHELBY COUNTY SCHOOLS(SCS) PAY SCALE FOR ITS EMPLOYEES. EXECUTIVE DIRECTOR AND PRINCIPAL SALARIES ARE DETERMINED BASED ON SCS PAY SCALE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GASB 68 PENSION ADJUSTMENT 299,534.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
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 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04477959
IRS990/TotalAssetsEOYAmt05334692
IRS990/TotalAssetsGrp/BOYAmt04477959
IRS990/TotalAssetsGrp/EOYAmt05334692
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0463770
IRS990/TotalEmployeeCnt050
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0657651
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03591610
IRS990/TotalFunctionalExpensesGrp/TotalAmt04249261
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02051970
IRS990/TotalLiabilitiesEOYAmt02215979
IRS990/TotalLiabilitiesGrp/BOYAmt02051970
IRS990/TotalLiabilitiesGrp/EOYAmt02215979
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02425989
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03118713
IRS990/TotalOtherCompensationAmt020736
IRS990/TotalProgramServiceExpensesAmt03591610
IRS990/TotalProgramServiceRevenueAmt04096440
IRS990/TotalReportableCompFromOrgAmt091872
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04178681
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04642451
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0300
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04477959
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05334692
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt094568
IRS990/TravelGrp/TotalAmt094568
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02425989
IRS990/UnrestrictedNetAssetsGrp/EOYAmt03118713
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04450 S MENDENHALL RD
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038141
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.SEMEMPHIS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MUHAMMET TURKAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09013677814
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-12-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0READ
ReturnHeader/Filer/EIN0943487601
ReturnHeader/Filer/PhoneNum09013677814
ReturnHeader/Filer/USAddress/AddressLine1Txt04450 S MENDENHALL RD
ReturnHeader/Filer/USAddress/CityNm0MEMPHIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TN

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$5,334,692
Liabilities
$2,215,979
Net assets
$3,118,713
Revenue
$4,642,451
Expenses
$4,249,261
Net income
$393,190
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