Civic Intelligence

Read Foundation

990 • Fiscal year 2022 • EIN 94-3487601

Jul 01, 2021 to Jun 30, 2022 • Filed on May 10, 2023

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

83rd percentile

0.67x

Higher debt load relative to assets than 83% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

81st percentile

1.25x

Higher debt load relative to revenue than 81% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

16th percentile

$122,329

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

95th percentile

87%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

70th percentile

18%

Faster revenue growth than 70% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$29,882,886

Up $13,936,886 (+87%) from 2021

Net Assets

Up

$9,798,054

Up $1,814,000 (+23%) from 2021

Liabilities

Up

$20,084,832

Up $12,122,886 (+152%) from 2021

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin62nd percentile

Revenue

Up

$16,018,216

Up $2,406,371 (+18%) from 2021

Expenses

Up

$14,112,435

Up $2,951,271 (+26%) from 2021

Net Income

Down

$1,905,781

Down $544,900 (-22%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th 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

2022

Assets$29,882,886
Liabilities$20,084,832
Net Assets$9,798,054
Open 2022 Filing

Operations Trend

Revenue Growth70th 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

2022

Revenue$16,018,216
Expenses$14,112,435
Net Income$1,905,781
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 10, 2023
Return Version
2021v4.2
Gross Receipts
$16,018,216
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$10,267,455$10,453,699▲ $186,244
Intangible Assets-$9,711,175-
Cash and Non-Interest-Bearing Accounts$4,176,846$4,062,057▼ $114,789
Pledges and Grants Receivable$337,563$650,514▲ $312,951
Prepaid Expenses and Deferred Charges$84,876$72,266▼ $12,610
Total Assets$15,946,000$29,882,886▲ $13,936,886
Other Assets Total$1,079,260$4,933,175▲ $3,853,915
Liabilities
Other Liabilities$282,421$12,490,252▲ $12,207,831
Mortgage Notes Payable Secured by Investment Property$6,596,865$6,318,501▼ $278,364
Accounts Payable and Accrued Expenses$1,082,660$1,276,079▲ $193,419
Total Liabilities$7,961,946$20,084,832▲ $12,122,886
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,460,389$9,134,379▲ $1,673,990
Net Assets With Donor Restrictions$523,665$663,675▲ $140,010
Total Net Assets Fund Balance$7,984,054$9,798,054▲ $1,814,000
Total Liabilities and Net Assets / Fund Balance$15,946,000$29,882,886▲ $13,936,886

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,961,643$544,993$7,506,636
Leasehold Improvements$940,374$2,113,908$3,054,282
Land$1,544,600-$1,544,600
Equipment$714,899$664,982$1,379,881
Other Land Buildings$292,183-$292,183
Other Assets Org$3,006,743--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel BeyhanExec Director-incomingFT$107,668$14,661$122,329
Muhammet TurkayExec Director-outgoingFT$69,668$10,052$79,720

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Amp Industrial VentureRentP O BOX 27026, Newark, NJ 71011$844,532
Horizon Of MemphisJanitorial ServicesP O BOX 180, Brunswick, TN 38104$608,376
Durham School ServicesStudent TransportationP O BOX 841879, Dallas, TX 75284-1879$311,176
Cdw GovernmentPurchased Electronic Items75 REMITTANCE DRIVE SUITE 1515, Chicago, IL 60675$169,736
Hertz FurnitureFurniture Provider170 WILLIAMS DRIVE STE 201, Ramsey, NJ 07446$165,251
Revenue and Support

Revenue Composition

Contributions and Grants
$2,043,530
Program Service Revenue
$13,862,913
Investment Income
$111,773
Other Revenue
$0
All Other Contributions
$500
Change in Net Assets
$1,905,781

Audited Revenue Reconciliation

Revenue per Audited Statements
$16,018,216
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$16,018,216
Total Revenue per Form 990
$16,018,216
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,461,846
Other Expenses$5,650,589
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,586,758$1,527,841-$7,114,599
Occupancy$1,936,401$80,683-$2,017,084
Depreciation Depletion$1,041,867$43,411-$1,085,278
Office Expenses-$925,353-$925,353
Other Employee Benefits$445,607$184,831-$630,438
Payroll Taxes$477,785$122,844-$600,629
Interest-$442,121-$442,121
Travel$355,567--$355,567
Current Officers, Directors, Trustees, and Key Employees$104,562$11,618-$116,180
Fees for Services Accounting-$43,900-$43,900
Advertising-$30,665-$30,665
Other Expenses$280,854$26,958-$26,958
Fees for Services Legal-$19,305-$19,305
Total Functional Expenses$10,515,757$3,596,678$0$14,112,435

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,112,435
Total Expenses per Audited Statements$14,112,435
Total Expenses per Form 990$14,112,435
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
Lease Liability$9,892,324
Deferred Inflows Related to Pension$2,597,928

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
Corrective action procedures
No
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 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
2023-05-10
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
194
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 XII, LINE 2C:

“The process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 497 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/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GovernmentGrantsAmt02043030
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0111773
IRS990/GrossReceiptsAmt016018216
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/IntangibleAssetsGrp/EOYAmt09711175
IRS990/InterestGrp/ManagementAndGeneralAmt0442121
IRS990/InterestGrp/TotalAmt0442121
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03323883
IRS990/LandBldgEquipBasisNetGrp/BOYAmt010267455
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010453699
IRS990/LandBldgEquipCostOrOtherBssAmt013777582
IRS990/LegalDomicileStateCd0TN
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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/BOYAmt06596865
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06318501
IRS990/NetAssetsOrFundBalancesBOYAmt07984054
IRS990/NetAssetsOrFundBalancesEOYAmt09798054
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0111773
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0111773
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt07460389
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt09134379
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt080683
IRS990/OccupancyGrp/ProgramServicesAmt01936401
IRS990/OccupancyGrp/TotalAmt02017084
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0925353
IRS990/OfficeExpensesGrp/TotalAmt0925353
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01079260
IRS990/OtherAssetsTotalGrp/EOYAmt04933175
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0184831
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0445607
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0630438
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL & STUDENT
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3DUES & MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0105942
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt131206
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt226958
IRS990/OtherExpensesGrp/ProgramServicesAmt0286356
IRS990/OtherExpensesGrp/ProgramServicesAmt1280854
IRS990/OtherExpensesGrp/TotalAmt0392298
IRS990/OtherExpensesGrp/TotalAmt1280854
IRS990/OtherExpensesGrp/TotalAmt231206
IRS990/OtherExpensesGrp/TotalAmt326958
IRS990/OtherLiabilitiesGrp/BOYAmt0282421
IRS990/OtherLiabilitiesGrp/EOYAmt012490252
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01527841
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05586758
IRS990/OtherSalariesAndWagesGrp/TotalAmt07114599
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0122844
IRS990/PayrollTaxesGrp/ProgramServicesAmt0477785
IRS990/PayrollTaxesGrp/TotalAmt0600629
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0337563
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0650514
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt084876
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt072266
IRS990/PrincipalOfficerNm0SAMUEL BEYHAN
IRS990/PriorPeriodAdjustmentsAmt0-91781
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL ALLOCATION REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1LOCAL REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013822639
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt140274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013822639
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt140274
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02878130
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt050841
IRS990/PYOtherExpensesAmt04254308
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt010682874
IRS990/PYRevenuesLessExpensesAmt02450681
IRS990/PYSalariesCompEmpBnftPaidAmt06906856
IRS990/PYTotalExpensesAmt011161164
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt013611845
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt01905781
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt013862913
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06961643
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0544993
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07506636
IRS990ScheduleD/EquipmentGrp/BookValueAmt0714899
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0664982
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01379881
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014112435
IRS990ScheduleD/LandGrp/BookValueAmt01544600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01544600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0940374
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02113908
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03054282
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01926432
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt13006743
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED OUTFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NET PENSION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0292183
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0292183
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02597928
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt19892324
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS RELATED TO PENSION
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt016018216
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010453699
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04933175
IRS990ScheduleD/TotalExpensesPerForm990Amt014112435
IRS990ScheduleD/TotalLiabilityAmt012490252
IRS990ScheduleD/TotalRevenuePerForm990Amt016018216
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt016018216
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014112435
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/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, ESSER, 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/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
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/CapitalExpendituresAmt083087
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt06885000

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,882,886
Liabilities
$20,084,832
Net assets
$9,798,054
Revenue
$16,018,216
Expenses
$14,112,435
Net income
$1,905,781
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