Civic Intelligence

Read Foundation

990 • Fiscal year 2021 • EIN 94-3487601

Jul 01, 2020 to Jun 30, 2021 • Filed on Oct 24, 2022

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

(901) 367-7814

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Flat

$15,946,000

Flat from 2021

Net Assets

Flat

$7,984,054

Flat from 2021

Liabilities

Flat

$7,961,946

Flat from 2021

Revenue And Expenses

Revenue

Flat

$13,611,845

Flat from 2021

Expenses

Flat

$11,161,164

Flat from 2021

Net Income

Flat

$2,450,681

Flat from 2021

Historical Trend

Balance Sheet Trend

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 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

2021

Assets$15,946,000
Liabilities$7,961,946
Net Assets$7,984,054
Open 2021 Filing

Operations Trend

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 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

2021

Revenue$13,611,845
Expenses$11,161,164
Net Income$2,450,681
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Oct 24, 2022
Return Version
2020v4.2
Gross Receipts
$13,611,845
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$10,448,102$10,267,455▼ $180,647
Cash and Non-Interest-Bearing Accounts$3,157,282$4,176,846▲ $1,019,564
Pledges and Grants Receivable$97,811$337,563▲ $239,752
Prepaid Expenses and Deferred Charges$64,850$84,876▲ $20,026
Total Assets$14,714,187$15,946,000▲ $1,231,813
Other Assets Total$946,142$1,079,260▲ $133,118
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,253,799$6,596,865▼ $1,656,934
Accounts Payable and Accrued Expenses$486,771$1,082,660▲ $595,889
Other Liabilities$408,869$282,421▼ $126,448
Total Liabilities$9,149,439$7,961,946▼ $1,187,493
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,323,327$7,460,389▲ $2,137,062
Net Assets With Donor Restrictions$241,421$523,665▲ $282,244
Total Net Assets Fund Balance$5,564,748$7,984,054▲ $2,419,306
Total Liabilities and Net Assets / Fund Balance$14,714,187$15,946,000▲ $1,231,813

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,154,121$352,515$7,506,636
Leasehold Improvements$1,038,597$2,015,685$3,054,282
Land$1,544,600-$1,544,600
Equipment$530,137$535,324$1,065,461
Other Assets Org$638,778--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Muhammet TurkayExec Director-outgoingFT$115,167$12,462$127,629

Board Members and Trustees

NameTitle
Dr Richard E PottsPresident
Veda V T CherryVice-president
Dr Cem AkkusBoard Member
Dr David C AkdemirBoard Member
Bayram DemirbugaSecretary
Patty FarmerTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Memphis Industrial Tt LLC Co CbreRent6070 POPLAR AVENUE SUITE 500, Memphis, TN 38119$573,340
Brighten Technology SolutionsInformation Technology106 HARRIS ST STE 123, Round Rock, TX 78664$195,818
Hertz FurnitureFurniture Provider170 WILLIAMS DRIVE STE 201, Ramsey, NJ 07446$157,367
Horizon Of MemphisJanitorial ServicesP O BOX 180, Brunswick, TN 38104$154,745
Onecall TelecomInformation Technology1052 BROOKFIELD ROAD STE 100, Memphis, TN 38119$139,106
Revenue and Support

Revenue Composition

Contributions and Grants
$2,878,130
Program Service Revenue
$10,682,874
Investment Income
$50,841
Other Revenue
$0
Change in Net Assets
$2,450,681

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,611,845
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$13,611,845
Total Revenue per Form 990
$13,611,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$6,906,856
Other Expenses$4,254,308
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,498,100$1,228,825-$5,726,925
Occupancy$2,002,777$83,449-$2,086,226
Office Expenses-$463,159-$463,159
Other Employee Benefits$308,546$143,318-$451,864
Payroll Taxes$337,185$76,440-$413,625
Depreciation Depletion$383,569$15,982-$399,551
Interest-$221,075-$221,075
Pension Plan Contributions$163,144$34,367-$197,511
Current Officers, Directors, Trustees, and Key Employees$105,238$11,693-$116,931
Travel$72,396--$72,396
Advertising-$36,460-$36,460
Other Expenses$37,658$36,174-$36,174
Fees for Services Accounting-$22,000-$22,000
Fees for Services Legal-$16,050-$16,050
Total Functional Expenses$8,744,871$2,416,293$0$11,161,164

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$11,161,164
Total Expenses per Audited Statements$11,161,164
Total Expenses per Form 990$11,161,164
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$282,421

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe Health Educational and Housing Facility Board of the Co of Shelby Tn2020-02-05$6,885,000To finance the purchase of land and construction of a charter school.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$6,885,000---

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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 35% controlled entity
No
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
Samuel Beyhan
Title
Executive Director
Phone
9013677814
Signed
2022-10-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Samuel Beyhan
Formed
2009
Legal Domicile
Tn
Voting Board Members
6
Independent Board Members
6
Employees
129
Volunteers
150

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 IV, Line 24A

“The 990 is amended to add schedule k to the filing.”

FORM 990, PART XII, LINE 2C:

“No changes from the prior year have occurred.”

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IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt08253799
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06596865
IRS990/NetAssetsOrFundBalancesBOYAmt05564748
IRS990/NetAssetsOrFundBalancesEOYAmt07984054
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt024574
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt024574
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt05323327
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07460389
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt083449
IRS990/OccupancyGrp/ProgramServicesAmt02002777
IRS990/OccupancyGrp/TotalAmt02086226
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0463159
IRS990/OfficeExpensesGrp/TotalAmt0463159
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0946142
IRS990/OtherAssetsTotalGrp/EOYAmt01079260
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0143318
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0308546
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0451864
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1CONTRACTS
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018796
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt18505
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt236174
IRS990/OtherExpensesGrp/ProgramServicesAmt0836258
IRS990/OtherExpensesGrp/ProgramServicesAmt137658
IRS990/OtherExpensesGrp/TotalAmt0855054
IRS990/OtherExpensesGrp/TotalAmt146163
IRS990/OtherExpensesGrp/TotalAmt236174
IRS990/OtherLiabilitiesGrp/BOYAmt0408869
IRS990/OtherLiabilitiesGrp/EOYAmt0282421
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01228825
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt04498100
IRS990/OtherSalariesAndWagesGrp/TotalAmt05726925
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt076440
IRS990/PayrollTaxesGrp/ProgramServicesAmt0337185
IRS990/PayrollTaxesGrp/TotalAmt0413625
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt034367
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0163144
IRS990/PensionPlanContributionsGrp/TotalAmt0197511
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt097811
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0337563
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt064850
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt084876
IRS990/PrincipalOfficerNm0SAMUEL BEYHAN
IRS990/PriorPeriodAdjustmentsAmt0-31375
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL ALLOCATION REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt010507732
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1175142
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt010507732
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1175142
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0979203
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt048696
IRS990/PYOtherExpensesAmt02612627
IRS990/PYOtherRevenueAmt00
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IRS990/PYRevenuesLessExpensesAmt0874898
IRS990/PYSalariesCompEmpBnftPaidAmt04926861
IRS990/PYTotalExpensesAmt07539488
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt08414386
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02450681
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt010682874
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt07154121
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0352515
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07506636
IRS990ScheduleD/EquipmentGrp/BookValueAmt0530137
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0535324
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01065461
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt011161164
IRS990ScheduleD/LandGrp/BookValueAmt01544600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01544600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01038597
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02015685
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03054282
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0440482
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1638778
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0282421
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt013611845
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010267455
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01079260
IRS990ScheduleD/TotalExpensesPerForm990Amt011161164
IRS990ScheduleD/TotalLiabilityAmt0282421
IRS990ScheduleD/TotalRevenuePerForm990Amt013611845
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013611845
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt011161164
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
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02020-02-05
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0521283414
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt06885000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0THE HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF THE CO OF SHELBY TN
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0TO FINANCE THE PURCHASE OF LAND AND CONSTRUCTION OF A CHARTER SCHOOL.
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt06885000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt06885000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS AMENDED TO ADD SCHEDULE K TO THE FILING.
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/ExplanationTxt5NO CHANGES FROM THE PRIOR YEAR HAVE OCCURRED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 24A
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,946,000
Liabilities
$7,961,946
Net assets
$7,984,054
Revenue
$13,611,845
Expenses
$11,161,164
Net income
$2,450,681
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
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