Civic Intelligence

Read Foundation

990 • Fiscal year 2024 • EIN 94-3487601

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 11, 2026

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

Up

$36,592,577

Up $4,496,110 (+14%) from 2023

Net Assets

Up

$15,875,773

Up $5,420,499 (+52%) from 2023

Liabilities

Down

$20,716,804

Down $924,389 (-4.3%) from 2023

Revenue And Expenses

Revenue

Up

$26,935,310

Up $6,793,413 (+34%) from 2023

Expenses

Up

$21,514,811

Up $2,030,134 (+10%) from 2023

Net Income

Up

$5,420,499

Up $4,763,279 (+725%) from 2023

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 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: $14,908,1632024Assets 2024: $36,592,577Liabilities 2024: $20,716,804Net Assets 2024: $15,875,7732024

Highlighted filing

2024

Assets$36,592,577
Liabilities$20,716,804
Net Assets$15,875,773
Open 2024 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 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: $4,452,8892024Revenue 2024: $26,935,310Expenses 2024: $21,514,811Net Income 2024: $5,420,4992024

Highlighted filing

2024

Revenue$26,935,310
Expenses$21,514,811
Net Income$5,420,499
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 11, 2026
Return Version
2023v6.0
Gross Receipts
$26,935,310
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$10,868,114$13,222,734▲ $2,354,620
Cash and Non-Interest-Bearing Accounts$7,771,766$10,440,421▲ $2,668,655
Intangible Assets$9,196,539$8,521,937▼ $674,602
Pledges and Grants Receivable$1,001,757$1,148,561▲ $146,804
Prepaid Expenses and Deferred Charges$67,567$159,848▲ $92,281
Total Assets$32,096,467$36,592,577▲ $4,496,110
Other Assets Total$3,190,724$3,099,076▼ $91,648
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,988,040$9,799,745▼ $188,295
Other Liabilities$9,528,642$9,331,327▼ $197,315
Accounts Payable and Accrued Expenses$1,341,314$1,585,732▲ $244,418
Deferred Revenue$783,197--
Total Liabilities$21,641,193$20,716,804▼ $924,389
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,744,698$14,096,296▲ $5,351,598
Net Assets With Donor Restrictions$1,710,576$1,779,477▲ $68,901
Total Net Assets Fund Balance$10,455,274$15,875,773▲ $5,420,499
Total Liabilities and Net Assets / Fund Balance$32,096,467$36,592,577▲ $4,496,110

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,576,687$929,949$7,506,636
Leasehold Improvements$1,281,096$2,347,697$3,628,793
Other Land Buildings$3,171,645-$3,171,645
Equipment$648,706$951,233$1,599,939
Land$1,544,600-$1,544,600
Other Assets Org$1,244,847--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Samuel BeyhanExec DirectorFT$123,797$33,612$157,409
Mugire AyciAsst. Exec DirectorFT$100,987$32,745$133,732

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
Revenue and Support

Revenue Composition

Contributions and Grants
$6,505,172
Program Service Revenue
$20,230,799
Investment Income
$199,339
Other Revenue
$0
All Other Contributions
$453,157
Change in Net Assets
$5,420,499

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,935,310
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$26,935,310
Total Revenue per Form 990
$26,935,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$13,797,255
Other Expenses$7,717,556
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$8,954,592$1,591,966-$10,546,558
Occupancy$2,042,783$85,116-$2,127,899
Office Expenses$23,998$1,838,128-$1,862,126
Other Employee Benefits$1,302,028$231,477-$1,533,505
Depreciation Depletion$1,109,349$36,364-$1,145,713
Payroll Taxes$711,401$126,474-$837,875
Pension Plan Contributions$609,508$108,360-$717,868
Interest-$693,863-$693,863
Travel$596,398$56,947-$653,345
All Other Expenses$511,050$9,294-$520,344
Current Officers, Directors, Trustees, and Key Employees$137,079$24,370-$161,449
Other Expenses$296,438$25,986-$25,986
Advertising$7,215--$7,215
Total Functional Expenses$16,618,877$4,895,934$0$21,514,811

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$21,514,811
Total Expenses per Audited Statements$21,514,811
Total Expenses per Form 990$21,514,811
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$8,992,498
Deferred Inflows$338,829
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
2026-02-11
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
249
Volunteers
150

Preparer

Firm
Ascent Accounting & Advisory Pllc
Address
965 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120
Preparer
Stephanie L Livingston CPA
Phone
9016857500
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Box B

“The 990 is amended to reflect the organization's audited financial statements following the issuance of its audit report dated november 12, 2025. The amended return updates the following items on part x: cash (ln 1), pledges and grants receivable (ln 3), prepaid expenses (ln 9), land/buildings/equipment (ln 10a, 10b, 10c), intangible assets (ln.14), other assets (ln. 15 and sch d part ix), total assets (ln 16) accounts payable an accrued expenses (ln. 17), secured mortgages and notes payable to unrelated third parties (ln 23), other liabilities (ln 25 and sch d part x), total liabilities (ln 26), unrestricted net assets (ln. 27), restricted net assets (ln. 28), total net assets (ln. 32). The amended return updates the following items on part viii: revenue (ln 1), program service revenue (ln 2), investment income (ln 3), and miscellaneous income (ln 11). The following items were updated with the amended return on part ix: compensation of officers (ln 5), other salaries (ln 7), pension plan contributions (ln 8), other employee benefits (ln 9), payroll taxes (ln 10), advertising and promotion (ln 12), office expenses (ln 13), occupancy (ln 16), travel (ln 17), interest (ln 20), depreciation (ln 22), and other expenses (ln 24).”

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IRS990/OtherLiabilitiesGrp/EOYAmt09331327
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01591966
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08954592
IRS990/OtherSalariesAndWagesGrp/TotalAmt010546558
IRS990/OwnWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0126474
IRS990/PayrollTaxesGrp/ProgramServicesAmt0711401
IRS990/PayrollTaxesGrp/TotalAmt0837875
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0108360
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0609508
IRS990/PensionPlanContributionsGrp/TotalAmt0717868
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01001757
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01148561
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt067567
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0159848
IRS990/PrincipalOfficerNm0SAMUEL BEYHAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/BusinessCd1611600
IRS990/ProgramServiceRevenueGrp/Desc0PER PUPIL ALLOCATION REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1INTERNAL SCHOOL FUNDS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt019786147
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1444652
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt019786147
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1444652
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04855819
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt07497684
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt015286078
IRS990/PYRevenuesLessExpensesAmt0657220
IRS990/PYSalariesCompEmpBnftPaidAmt011986993
IRS990/PYTotalExpensesAmt019484677
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt020141897
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt05420499
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt020230799
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/BuildingsGrp/BookValueAmt06576687
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0929949
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07506636
IRS990ScheduleD/EquipmentGrp/BookValueAmt0648706
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0951233
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01599939
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt021514811
IRS990ScheduleD/LandGrp/BookValueAmt01544600
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01544600
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01281096
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02347697
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03628793
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0534630
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11319599
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21244847
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESTRICTED CASH
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED OUTFLOWS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2NET PENSION ASSET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03171645
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03171645
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0338829
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18992498
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED INFLOWS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt026935310
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013222734
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03099076
IRS990ScheduleD/TotalExpensesPerForm990Amt021514811
IRS990ScheduleD/TotalLiabilityAmt09331327
IRS990ScheduleD/TotalRevenuePerForm990Amt026935310
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt026935310
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt021514811
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
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/ExplanationTxt4THE 990 IS AMENDED TO REFLECT THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS FOLLOWING THE ISSUANCE OF ITS AUDIT REPORT DATED NOVEMBER 12, 2025. THE AMENDED RETURN UPDATES THE FOLLOWING ITEMS ON PART X: CASH (LN 1), PLEDGES AND GRANTS RECEIVABLE (LN 3), PREPAID EXPENSES (LN 9), LAND/BUILDINGS/EQUIPMENT (LN 10A, 10B, 10C), INTANGIBLE ASSETS (LN.14), OTHER ASSETS (LN. 15 AND SCH D PART IX), TOTAL ASSETS (LN 16) ACCOUNTS PAYABLE AN ACCRUED EXPENSES (LN. 17), SECURED MORTGAGES AND NOTES PAYABLE TO UNRELATED THIRD PARTIES (LN 23), OTHER LIABILITIES (LN 25 AND SCH D PART X), TOTAL LIABILITIES (LN 26), UNRESTRICTED NET ASSETS (LN. 27), RESTRICTED NET ASSETS (LN. 28), TOTAL NET ASSETS (LN. 32). THE AMENDED RETURN UPDATES THE FOLLOWING ITEMS ON PART VIII: REVENUE (LN 1), PROGRAM SERVICE REVENUE (LN 2), INVESTMENT INCOME (LN 3), AND MISCELLANEOUS INCOME (LN 11). THE FOLLOWING ITEMS WERE UPDATED WITH THE AMENDED RETURN ON PART IX: COMPENSATION OF OFFICERS (LN 5), OTHER SALARIES (LN 7), PENSION PLAN CONTRIBUTIONS (LN 8), OTHER EMPLOYEE BENEFITS (LN 9), PAYROLL TAXES (LN 10), ADVERTISING AND PROMOTION (LN 12), OFFICE EXPENSES (LN 13), OCCUPANCY (LN 16), TRAVEL (LN 17), INTEREST (LN 20), DEPRECIATION (LN 22), AND OTHER EXPENSES (LN 24).
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, PAGE 1, BOX B
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt032096467
IRS990/TotalAssetsEOYAmt036592577
IRS990/TotalAssetsGrp/BOYAmt032096467
IRS990/TotalAssetsGrp/EOYAmt036592577
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt06505172
IRS990/TotalEmployeeCnt0249
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04895934
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt016618877
IRS990/TotalFunctionalExpensesGrp/TotalAmt021514811
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt021641193
IRS990/TotalLiabilitiesEOYAmt020716804
IRS990/TotalLiabilitiesGrp/BOYAmt021641193
IRS990/TotalLiabilitiesGrp/EOYAmt020716804
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010455274
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt015875773
IRS990/TotalOtherCompensationAmt066357
IRS990/TotalProgramServiceExpensesAmt016618877
IRS990/TotalProgramServiceRevenueAmt020230799
IRS990/TotalReportableCompFromOrgAmt0224784
IRS990/TotalRevenueGrp/ExclusionAmt0199339
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt020230799
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026935310
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt0150
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt032096467
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt036592577
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt056947
IRS990/TravelGrp/ProgramServicesAmt0596398
IRS990/TravelGrp/TotalAmt0653345
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt04450 S MENDENHALL RD
IRS990/USAddress/CityNm0MEMPHIS

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$36,592,577
Liabilities
$20,716,804
Net assets
$15,875,773
Revenue
$26,935,310
Expenses
$21,514,811
Net income
$5,420,499
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
2024Detailed filing. Detailed filing data is available for this year.$36.6$20.7$15.9$26.9$21.5$5.42
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