2020-02-12T12:02:40-06:00 2019-07-31 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2018-08-01 620545618 MEMPHIS UNIVERSITY SCHOOL MEMP 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 RANKIN FOWLKES DIRECTOR OF BUSINESS OPERATIONS 9012601300 2020-02-12 1 AMY M DOOLIN P01297217 9017613000 2020-02-12 4.16.119.113 2020-02-12 09:33:42 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 24B6B5FD99F8E5425F63CC9FF33883586CC1C14C 2018 2020-11-06 18:47:13Z RANKIN FOWLKES 6191 PARK AVENUE MEMPHIS TN 38119 24469978 0 X WWW.MUSOWLS.ORG X 1955 TN COLLEGE PREPARATORY SECONDARY SCHOOL FOR BOYS 25 25 142 100 0 0 3343899 2438327 13413661 13710976 1069197 2613017 62661 45390 17889418 18807710 2598345 2712582 0 0 10232772 10465868 0 0 898594 5882730 5632178 18713847 18810628 -824429 -2918 65590308 64880643 16195973 15967320 49394335 48913323 MEMPHIS UNIVERSITY SCHOOL IS A COLLEGE-PREPARATORY SCHOOL DEDICATED TO ACADEMIC EXCELLENCE, CULTIVATION OF SERVICE AND LEADERSHIP, AND THE DEVELOPMENT OF WELL-ROUNDED YOUNG MEN OF STRONG MORAL CHARACTER, CONSISTENT WITH THE SCHOOL'S CHRISTIAN TRADITION. 0 0 11009216 13340887 EDUCATION GRADES 7-12 APPROXIMATELY 629 STUDENTS 2712582 2712582 FINANCIAL AID FOR STUDENTS IN GRADES 7-12 APPROXIMATELY 221 STUDENTS 13721798 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 77 0 1 142 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 TN X MS BETH HUNT 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 SAMUEL N GRAHAM II CHAIRMAN 2.00 X 0 0 0 GLENN A CROSBY II VICE-CHAIRMAN 2.00 X 0 0 0 D STEPHEN MORROW TREASURER 2.00 X 0 0 0 JAMES F BURNETT SECRETARY 2.00 X 0 0 0 P TROWBRIDGE GILLESPIE JR BOARD MEMBER 2.00 X 0 0 0 SUKI S CARSON BOARD MEMBER 2.00 X 0 0 0 MARK J HALPERIN BOARD MEMBER 2.00 X 0 0 0 R EARL BLANKENSHIP BOARD MEMBER 2.00 X 0 0 0 JOHNNY B MOORE JR BOARD MEMBER 2.00 X 0 0 0 JOSEPH M MORRISON BOARD MEMBER 2.00 X 0 0 0 WILLIAM E ORGEL BOARD MEMBER 2.00 X 0 0 0 WILEY T ROBINSON BOARD MEMBER 2.00 X 0 0 0 CHRIS R SANDERS BOARD MEMBER 2.00 X 0 0 0 PHILIP S WUNDERLICH BOARD MEMBER 2.00 X 0 0 0 EDWARD J DOBBS BOARD MEMBER 2.00 X 0 0 0 ROBERT M FOCKLER BOARD MEMBER 2.00 X 0 0 0 J BRETT GRINDER BOARD MEMBER 2.00 X 0 0 0 FREDERICK C SCHAEFFER JR BOARD MEMBER 2.00 X 0 0 0 WILLIAM B DUNAVANT III BOARD MEMBER 2.00 X 0 0 0 JAMES H BARTON JR BOARD MEMBER 2.00 X 0 0 0 ANDREW F CATES BOARD MEMBER 2.00 X 0 0 0 ROBERT HUSSEY BOARD MEMBER 2.00 X 0 0 0 JEFFREY B MESKIN BOARD MEMBER 2.00 X 0 0 0 RICHARD C MOORE III BOARD MEMBER 2.00 X 0 0 0 WILLIAM V THOMPSON III BOARD MEMBER 2.00 X 0 0 0 PETER D SANDERS HEAD-MASTER 40.00 X 326775 0 21893 RANKIN FOWLKES DIR.- BUS OPS 40.00 X 152547 0 13181 PERRY DEMENT DIR.- ADVANCEMENT 40.00 X 150783 0 13093 BOBBY ALSTON DIRECTOR OF ATHLETICS 40.00 X 142051 0 12657 WILLIAM RAY PRINCIPAL UPPER SCHOOL 40.00 X 116600 0 11384 PHILLIP EIKNER ACADEMIC DEAN 40.00 X 103630 0 10736 ZACHARY HANSEN DIRECTOR OF COLLEGE COUNSELING 40.00 X 110263 0 11067 1102649 0 94011 7 0 1 0 GRINDER TABER AND GRINDER 1919 LYNNFIELD ROAD MEMPHIS TN 38119 CONSTRUCTION 456592 CPN PO BOX 1748 CORDOVA TN 38088 HEATLH SERVICES 223630 TENNESSEE BOOK COMPANY PO BOX 277351 ATLANTA GA 303847351 TEXTBOOKS 147169 CLARION SECURITY 5496 POPLAR AVE SUITE 32 MEMPHIS TN 38119 SECURITY 139765 LSI PO BOX 372 DEPT 210 MEMPHIS TN 38101 PUBLIC RELATIONS MARKETING ITEMS 138769 9 2438327 40303 2438327 TUITION & FEES 611600 13295497 13295497 AUXILLIARY/INSTRUCTIONS REVENUE 611600 201674 201674 ATHLETICS/CAMPS 611710 196484 196484 CAFETERIA 611710 40407 40407 STUDENT ACTIVITIES REVENUE 611710 -23086 -23086 13710976 388756 388756 52892 0 52892 52892 52892 7512898 5288637 2224261 2224261 2224261 359620 373631 -14011 -14011 VENDING MACHINE 900099 6509 6509 6509 18807710 13340887 0 3028496 2712582 2712582 527932 70411 457521 8520323 5820449 2083332 616542 801078 801078 616535 462401 154134 66585 66585 44426 44426 87122 87122 1204092 655505 266535 282052 609211 444042 165169 211654 211654 1624525 1624525 147842 110881 36961 INSTRUCTION & STUDENT A 890411 808270 82141 AUXILLIARY EXPENSE 636449 636449 MISCELLANEOUS 97231 97231 BOND COSTS 12630 12630 18810628 13721798 4190236 898594 1294978 1035876 6825406 4970667 912729 628294 162117 183113 335221 175114 37683 33080 50164790 27463561 23156965 22701229 32573881 35105600 291328 47670 65590308 64880643 252079 263262 24130 4594 9887655 9285285 6032109 6414179 16195973 15967320 X 41009847 40241028 8384488 8672295 49394335 48913323 65590308 64880643 X -2918 -67457 -410637 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37450004 887807 2436758 3010494 37764075 35629109 1636727 2836900 2652732 37450004 33539041 1763791 2875065 2546788 2000 35629109 34108388 1324859 514625 2408831 33539041 33155568 845509 2363591 2256280 34108388 0.77000 0.23000 0 0 281637 281637 31244818 17148840 14095978 4698492 3530264 1168228 13939843 6784457 7155386 22701229 ADVANCE COLLECTION 6152830 FUNDS HELD IN TRUST 62382 OTHER LIABILITIES 33312 FAIR VALUE OF DERIVATIVE FINANCIAL 165655 6414179 X 16651940 -67457 373631 306174 16345766 2461944 2461944 18807710 16722315 373631 373631 16348684 2461944 2461944 18810628 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO SPENDING POLICY: THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS THROUGH THE CALENDAR YEAR-END PROCEEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF 4.5% ANNUALLY. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE SCHOOL HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JULY 31, 2019. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS 373,631. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 2,374,822. TRUST INVESTMENT EXPENSE 87,122. ROUNDING PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS 373,631. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 2,374,822. TRUST INVESTMENT EXPENSE 87,122. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS WERE PURCHASED IN SEVERAL LOCAL NEWSPAPERS, LOCAL AND REGIONAL MAGAZINES, AND LOCAL RADIO STATIONS. 1 SCHOLARSHIPS AND FINANCIAL AID 221 2712582 0 X X 1 1 X 0 0 0 0 0 0 0 0 0 PETER D SANDERS HEAD-MASTER 326775 0 0 0 0 0 16339 0 5554 0 348668 0 0 0 RANKIN FOWLKES DIR.- BUS OPS 152547 0 0 0 0 0 7627 0 5554 0 165728 0 0 0 PERRY DEMENT DIR.- ADVANCEMENT 150783 0 0 0 0 0 7539 0 5554 0 163876 0 0 0 BOBBY ALSTON DIRECTOR OF ATHLETICS 142051 0 0 0 0 0 7103 0 5554 0 154708 0 0 0 A THE HEALTH EDUCATIONAL AND HOUSING FACILTY BOARD OF SHELBY COUNTY TN 821697D97 2011-03-01 12255000 RETIRE OTHER BOND DEBT AND TO FINANCE CAPTIAL IMPROVEMENTS 0 0 0 B THE HEALTH EDUCATIONAL AND HOUSING FACILTY BOARD OF SHELBY COUNTY TN 912828F39 2017-06-30 9150000 RETIRE OTHER BOND DEBT 0 0 0 A 11735000 520000 107470 750000 11257543 1 0 1 1 B 230000 8920000 179975 8970025 0 1 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 0 0 A 0 B 0 BRETT GRINDER MR. GRINDER IS ON THE BOARD OF TRUSTEES 76000 MR. GRINDER IS AN OWNER AT GRINDER TABER AND GRINDER WHICH PROVIDED CONSTRUCTION SERVICES TO MUS 0 TROW GILLESPIE STEVE MORROW TWO BOARD MEMBERS ON BOARD OF TRUSTEES 457000 MUS USES NEWSOUTH FOR INVESTMENT MANAGEMENT SERVICES. BOTH TRUSTEES ARE MEMBERS AT NEWSOUTH. 0 JOHNNY B MOORE JR MR. MOORE IS ON THE BOARD OF TRUSTEES SUNTRUST BANK PROVIDES BANKING SERVICES TO MUS AND MR. MOORE IS A PRESIDENT WITH THE BANK 0 JIM BURNETT BOARD MEMBER ON BOARD OF TRUSTEES RAYMOND JAMES PROVIDES INVESTMENT MANAGEMENT SERVICES TO MUS. THIS MEMBER IS EMPLOYED THERE. 0 FREDERICK SCHAEFFER JR MR. SCHAEFFER IS ON THE BOARD OF TRUSTEES MR. SCHAEFFER IS THE OWNER OF STRATEGIC FINANCIAL PARTNERS 0 RICHARD C MOORE III MR. MOORE III IS ON THE BOARD OF TRUSTEES 5000 MR. MOORE III IS THE DIRECTOR OF BUSINESS DEVELOPMENT AT LEHMAN ROBERTS 0 X 17 40303 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE HEADMASTER, CONTROLLER AND DIRECTOR OF BUSINESS OPERATIONS REVIEW THE 990 PRIOR TO FILING. THE RETURN WILL BE DISTRIBUTED TO THE BOD FOR REVIEW ALSO. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST SUBMISSIONS BY THE TRUSTEES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE HEADMASTER'S COMPENSATION USING STATISTICS AND BENCHMARKS FROM NAIS SCHOOLS AROUND THE NATION. COMPENSATION FOR ALL PERSONNEL DECIDED UPON BY THE HEADMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DERIVATIVE FINANCIAL INSTRUMENTS -410,637.