Civic Intelligence

Read Foundation

990 • Fiscal year 2019 • EIN 94-3487601

Jul 01, 2018 to Jun 30, 2019 • Filed on Feb 05, 2020

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

65th percentile

0.30x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

62nd percentile

0.28x

Higher debt load relative to revenue than 62% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

67th percentile

10%

Higher net margin than 67% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$6,747,985

Up $806,462 (+14%) from 2018

Net Assets

Up

$4,689,850

Up $835,761 (+22%) from 2018

Liabilities

Down

$2,058,135

Down $29,299 (-1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin67th percentile

Revenue

Up

$7,361,107

Up $1,255,882 (+21%) from 2018

Expenses

Up

$6,597,710

Up $1,227,861 (+23%) from 2018

Net Income

Up

$763,397

Up $28,021 (+3.8%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth75th 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

2019

Assets$6,747,985
Liabilities$2,058,135
Net Assets$4,689,850
Open 2019 Filing

Operations Trend

Revenue Growth78th 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

2019

Revenue$7,361,107
Expenses$6,597,710
Net Income$763,397
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Feb 5, 2020
Return Version
2018v3.1
Gross Receipts
$7,361,107
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$4,181,324$4,202,853▲ $21,529
Cash and Non-Interest-Bearing Accounts$1,108,748$1,598,067▲ $489,319
Pledges and Grants Receivable$34,113$110,760▲ $76,647
Prepaid Expenses and Deferred Charges$105,785$107,800▲ $2,015
Total Assets$5,941,523$6,747,985▲ $806,462
Other Assets Total$511,553$728,505▲ $216,952
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,786,969$1,701,327▼ $85,642
Other Liabilities$209,192$217,246▲ $8,054
Accounts Payable and Accrued Expenses$91,273$139,562▲ $48,289
Total Liabilities$2,087,434$2,058,135▼ $29,299
Net Assets / Fund Balance
Unrestricted Net Assets$3,854,089$4,649,999▲ $795,910
Temporarily Rstr Net Assets-$39,851-
Total Net Assets Fund Balance$3,854,089$4,689,850▲ $835,761
Total Liabilities and Net Assets / Fund Balance$5,941,523$6,747,985▲ $806,462

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$977,092$1,685,344$2,662,436
Buildings$2,034,763$105,167$2,139,930
Land$779,900-$779,900
Equipment$411,098$358,524$769,622
Other Assets Org$50,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Muhammet TurkayExecutive DirectorFT$107,883$17,098$124,981

Board Members and Trustees

NameTitle
Dr Cem AkkusPresident
Dr Richard PottsVice-president
Dr David C AkdemirBoard Member
Veda Vt CherryBoard Member
Bayram DemirbugaSecretary
Patty FarmerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,138,926
Program Service Revenue
$6,133,030
Investment Income
$89,151
Other Revenue
$0
Change in Net Assets
$763,397

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,361,107
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,361,107
Total Revenue per Form 990
$7,361,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,154,442
Other Expenses$2,443,268
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,477,856$845,094-$3,322,950
Occupancy$1,194,581$49,774-$1,244,355
Office Expenses$136,268$293,068-$429,336
Other Employee Benefits$264,819$122,920-$387,739
Depreciation Depletion$325,156$13,548-$338,704
Payroll Taxes$186,547$62,223-$248,770
Travel$170,870--$170,870
Current Officers, Directors, Trustees, and Key Employees$98,981$10,998-$109,979
Pension Plan Contributions$53,187$31,817-$85,004
Interest$83,213--$83,213
Advertising-$27,208-$27,208
Fees for Services Accounting-$19,700-$19,700
Fees for Services Legal-$16,682-$16,682
Other Expenses$11,976$6,480-$6,480
Total Functional Expenses$5,089,227$1,508,483$0$6,597,710

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,597,710
Total Expenses per Audited Statements$6,597,710
Total Expenses per Form 990$6,597,710
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$217,246
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
Yes
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 4

“Para 2.02: number of directors is changed from three to no less than three. Para 3.01: number of vice presidents is changed from two to one. Para 4.02: number of committees is changed from three to two: academic and finance.”

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
2020-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Muhammet Turkay
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
79
Volunteers
300

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from prior year.”

Raw XML AppendixShowing 400 of 428 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/PrepaidExpensesDefrdChargesGrp/EOYAmt0107800
IRS990/PrincipalOfficerNm0MUHAMMET TURKAY
IRS990/PriorPeriodAdjustmentsAmt072364
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL ALLOCATION R
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06122994
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06122994
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110036
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0814429
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt064948
IRS990/PYOtherExpensesAmt02145902
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05225848
IRS990/PYRevenuesLessExpensesAmt0735376
IRS990/PYSalariesCompEmpBnftPaidAmt03223947
IRS990/PYTotalExpensesAmt05369849
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06105225
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0763397
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06220169
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02034763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0105167
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02139930
IRS990ScheduleD/EquipmentGrp/BookValueAmt0411098
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0358524
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0769622
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06597710
IRS990ScheduleD/LandGrp/BookValueAmt0779900
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0779900
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0977092
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01685344
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02662436
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0429417
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1249088
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt250000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0217246
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07361107
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04202853
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0728505
IRS990ScheduleD/TotalExpensesPerForm990Amt06597710
IRS990ScheduleD/TotalLiabilityAmt0217246
IRS990ScheduleD/TotalRevenuePerForm990Amt07361107
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07361107
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06597710
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/ExplanationTxt0PARA 2.02: NUMBER OF DIRECTORS IS CHANGED FROM THREE TO NO LESS THAN THREE. PARA 3.01: NUMBER OF VICE PRESIDENTS IS CHANGED FROM TWO TO ONE. PARA 4.02: NUMBER OF COMMITTEES IS CHANGED FROM THREE TO TWO: ACADEMIC AND FINANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD REVIEWS FORM 990 FOR APPROVAL BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY BOARD MEMBERS, KEY EMPLOYEES AND STAFF ON A REGULAR BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL AS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt039851
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05941523
IRS990/TotalAssetsEOYAmt06747985
IRS990/TotalAssetsGrp/BOYAmt05941523
IRS990/TotalAssetsGrp/EOYAmt06747985
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01138926
IRS990/TotalEmployeeCnt079
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01508483
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05089227
IRS990/TotalFunctionalExpensesGrp/TotalAmt06597710
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02087434
IRS990/TotalLiabilitiesEOYAmt02058135
IRS990/TotalLiabilitiesGrp/BOYAmt02087434
IRS990/TotalLiabilitiesGrp/EOYAmt02058135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03854089
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04689850
IRS990/TotalOtherCompensationAmt017098
IRS990/TotalProgramServiceExpensesAmt05089227
IRS990/TotalProgramServiceRevenueAmt06133030
IRS990/TotalReportableCompFromOrgAmt0107883
IRS990/TotalRevenueGrp/ExclusionAmt02012
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt06220169
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07361107
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0300
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt05941523
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06747985
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0170870
IRS990/TravelGrp/TotalAmt0170870
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt03854089
IRS990/UnrestrictedNetAssetsGrp/EOYAmt04649999
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04450 S MENDENHALL RD
IRS990/USAddress/CityNm0MEMPHIS
IRS990/USAddress/StateAbbreviationCd0TN
IRS990/USAddress/ZIPCd038141
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.SEMEMPHIS.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MUHAMMET TURKAY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09013677814
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0READ FOUNDATION

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,747,985
Liabilities
$2,058,135
Net assets
$4,689,850
Revenue
$7,361,107
Expenses
$6,597,710
Net income
$763,397
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