2019-03-06T10:59:24-06:00 2018-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2017-07-01 626048540 UNIVERSITY OF MEMPHIS FOUNDATION UNIV 9016783255 635 NORMAL ST ALUMNI CENTER NO 108 MEMPHIS TN 38152 BYRON MORGAN MANAGING DIRECTOR 9016783255 2019-03-06 1 KELLY S CROW P01519168 9016822431 2019-03-02 216.37.74.231 2019-03-06 09:38:14 CS P 6FB6D247EA89A1511655647A21F0484DE91F61D8 6FB6D247EA89A1511655647A21F0484DE91F61D8 2017 2019-02-21 02:37:17Z BYRON MORGAN 635 NORMAL ST ALUMNI CENTER NO 108 MEMPHIS TN 38152 313205055 0 X WWW.MEMPHIS.EDU/FOUNDATION/ X 1964 TN THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. 19 17 0 18 157007 0 17839991 21584852 0 0 1738438 20710580 708589 6500234 20287018 48795666 8099254 10030439 0 0 1380324 1469846 169743 188699 188699 25495222 19912638 35144543 31601622 -14857525 17194044 147058984 149161436 8829817 9776193 138229167 139385243 THE FOUNDATION ACCEPTS AND ADMINISTERS PRIVATE SUPPORT TO THE UNVERSITY OF MEMPHIS. 0 0 30511566 10030439 6500234 THE FOUNDATION PROVIDED FUNDS FOR SCHOLARSHIPS, FELLOWSHIPS, ACADEMIC ENRICHMENT AND VARIOUS OTHER PROGRAMS AND PROJECTS IN SUPPORT OF THE STUDENTS, FACULTY, STAFF AND MISSION OF THE UNIVERSITY OF MEMPHIS. 30511566 1 1 0 0 0 0 0 1 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 244 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 X 19 17 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X TARIT LIM 9016783950 635 NORMAL STREET ALUMNI CENTER RM MEMPHIS TN 38152 X GEORGE T JOHNSON PRESIDENT 1.00 X X 0 0 0 HARRY L SMITH VICE PRESIDENT 1.00 X X 0 0 0 GARY S SHORB TREASURER/SECRETARY 1.00 X X 0 0 0 JUDITH EDGE DIRECTOR 1.00 X 0 0 0 ROBERT F FOGLEMAN DIRECTOR 1.00 X 0 0 0 CAROLYN HARDY DIRECTOR 1.00 X 0 0 0 FRED HODGES DIRECTOR 1.00 X 0 0 0 THOMAS G KADIEN DIRECTOR 1.00 X 0 0 0 RAAJ KURAPATI DIRECTOR 1.00 X 0 0 0 JAMES D LACKIE DIRECTOR 1.00 X 0 0 0 JASON LITTLE DIRECTOR 1.00 X 0 0 0 JAMES E MCGEHEE JR DIRECTOR 1.00 X 0 0 0 DAVID C PERDUE DIRECTOR 1.00 X 0 0 0 DR M DAVID RUDD DIRECTOR 1.00 X 0 0 0 DOUGLAS SCARBORO DIRECTOR 1.00 X 0 0 0 JEANNIE SMITH DIRECTOR 1.00 X 0 0 0 FRED TOWLER DIRECTOR 1.00 X 0 0 0 JAMES L VINING DIRECTOR 1.00 X 0 0 0 JAMES WIERTELAK DIRECTOR 1.00 X 0 0 0 JOHN WILFONG DIRECTOR 1.00 X 0 0 0 BYRON MORGAN MANAGING DIRECTOR 40.00 X 0 114496 17852 TARIT LIM ASSOCIATE DIRECTOR 40.00 X 0 110425 21010 0 224921 38862 0 0 0 0 LINKOUS CONSTRUCTION COMPANY 1661 AARON BRENNER DR STE 207 MEMPHIS TN 38120 CONSTRUCTION 6849825 ONE DIVERSIFIED LLC 1449 DONELSON PIKE NASHVILLE TN 37217 CONSTRUCTION 666597 ADVENT RESULTS LLC 2320 CRUZEN STREET NASHVILLE TN 37211 PROFESSIONAL SERVICES 607748 ARCHER MALMO INC 65 UNION AVENUE SUITE 500 MEMPHIS TN 38103 ADVERTISING, MARKETING AND PR 370981 BARNES & BROWER INC 3787 OLD GETWELL ROAD MEMPHIS TN 38118 CONSTRUCTION 341766 18 21584852 671360 21584852 2281306 157007 2124299 282838663 264409389 18429274 18429274 18429274 MISCELLANEOUS REVENUE 611710 6500234 6500234 6500234 48795666 6500234 157007 20553573 X 9726107 9726107 304332 304332 263783 263783 1104368 961765 142603 101695 101695 16973 16973 28525 28525 188699 188699 347778 347778 UNIVERSITY SUPPORT - SE 19325941 19325941 BAD DEBT EXPENSE 193421 193421 31601622 30511566 901357 188699 1389393 1006559 10261776 12455617 45662488 89622212 88660668 44840176 1084659 1236872 147058984 149161436 8829817 9776193 8829817 9776193 X 7390811 6391986 58640909 56625630 72197447 76367627 138229167 139385243 147058984 149161436 17194044 -16037968 0 X X 0 1 X 1 0 X 30648077 24315759 28195931 17839991 21584852 122584610 30648077 24315759 28195931 17839991 21584852 122584610 17213738 105370872 695792 1175920 1215920 1615636 2281306 6984574 129569184 0.81320 0.84810 X 327923 X X X X X CLASSROOM INSTRUCTION 0 96970031 3666417 2108987 2888239 99857196 87471476 2685194 10778303 3964942 0 96970031 93823831 3060881 -5939533 3473703 0 87471476 91994405 2954313 1321603 2446490 0 93823831 79060431 4131236 11989136 3186398 0 91994405 0.02730 0.76480 0.20790 0 0 0 LIMITED PARTNERSHIPS & LLC'S 44840176 F 44840176 X 32757698 -16037968 -16037968 48795666 0 48795666 31601622 0 31601622 0 31601622 PART III, LINE 4: EGYPTIAN RELATED ART AND ARTIFACTS USED FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE UNIVERSITY OF MEMPHIS FOUNDATION'S (FOUNDATION) ENDOWMENT ACCOUNTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS AND INCLUDE APPROXIMATELY 540 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS OF THE FOUNDATION HAS INTERPRETED UPMIFA AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFT AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT FUNDS AND (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT FUNDS. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUNDS THAT IS NOT CLASSIFIED IN PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE FOUNDATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE FOUNDATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR RESTRICTED ENDOWMENT FUNDS: THE DURATION AND PRESERVATION OF THE FUND THE PURPOSES OF THE FOUNDATION AND THE DONOR-RESTRICTED ENDOWMENT FUND GENERAL ECONOMIC CONDITIONS THE POSSIBLE EFFECT OF INFLATION AND DEFLATION THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS OTHER RESOURCES OF THE FOUNDATION THE INVESTMENT POLICIES OF THE FOUNDATION PART X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, THE FOUNDATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO AMOUNTS HAVE BEEN RECOGNIZED IN OPERATING EXPENSES FOR 2018. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. X X X X 0 EAB 1920 EAST PARHAM RD RICHMOND VA 23228 ANNUAL GIVING CAMPAIGN 0 675249 188699 486550 675249 188699 486550 AL CT FL GA HI IL KS MS NM ND RI TN WV WI AK AR CA CO DC KY ME MD MA MI MN NV NH NJ NY NC OH OK OR PA SC UT VA WA 1 UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 501(C) 9726107 SCHOLARSHIPS 1 AWARDS 227 304332 PART I, LINE 2: THE FOUNDATION MAKES FUNDS AVAILABLE TO THE UNIVERSITY OF MEMPHIS. THE UNIVERSITY SELECTS RECIPIENTS IN ACCORDANCE WITH DONOR INSTRUCTIONS. X 77 658365 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: BROKERAGE ACCOUNTS ARE MAINTAINED WITH VARIOUS PUBLIC FIRMS FOR THE PURPOSE OF RECEIVING AND SELLING GIFTS OF SECURITIES. FORM 990, PART VI, SECTION A, LINE 2 RAAJ KURAPATI AND DAVID RUDD MAINTAIN A BUSINESS RELATIONSHIP DUE TO THEIR MUTUAL EMPLOYMENT AT THE UNIVERSITY OF MEMPHIS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGING DIRECTOR AND THE ASSOCIATE DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS MONITORED AND ENFORCED BY THE UNIVERSITY OF MEMPHIS FOUNDATION'S OFFICERS AND EMPLOYEES IN A MANNER ADDRESSED IN THE CODE OF ETHICS SECTION OF THE FOUNDATION'S POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 ALL PAID FOUNDATION POSITIONS ARE SUBJECTED TO AN INDEPENDENT SALARY REVIEW BY STATE OF TENNESSEE PERSONNEL IN ACCORDANCE WITH STATE OF TENNESSEE POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE FOR PUBLIC INSPECTION. THE FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. FORM 990, PART V, LINE 2B THE UNIVERSITY OF MEMPHIS FOUNDATION (UMF) REIMBURSES THE UNIVERSITY OF MEMPHIS (EIN 62-0648618) FOR THE COMPENSATION AND BENEFITS OF UMF'S MANAGING DIRECTOR AND FOUR OTHER EMPLOYEES. THEREFORE, THE FORM W-3 IS FILED BY THE UNIVERSITY OF MEMPHIS. FORM 990, PART IX, LINE 24A - UNIVERSITY SUPPORT DETAIL CONFERENCES AND TRAVEL 283,444 SUPPLIES 412,948 POSTAGE 26,074 PRINTING 247,691 TELEPHONE AND COMMUNICATIONS 8,773 MAINTENANCE AND REPAIRS 7,760 ANNUITY EXPENSES 15,750 PROFESSIONAL SERVICES 2,759,016 PUBLICITY/PUBLIC RELATIONS 28,335 RENTAL FEES 51,145 INSURANCE OTHER 29,739 OTHER EXPENSES 56,047 DUES & SUBSCRIPTIONS 216,798 MEALS AND ENTERTAINMENT 708,564 TICKETS 43,407 SPONSORSHIPS AND DONATIONS 83,049 GIFTS AND FLOWERS 98,624 INTEREST EXPENSE 69,997 FEES 286,661 HONORARIUMS 57,650 UNIVERSITY SUPPORT & ADVANC. 2,305,793 SPECIAL PROJECTS 3,710,702 CHAIRS PROFESSORSHIPS 459,747 BANK FEES 12,694 FURNITURE AND EQUIPMENT 875,671 CAPITAL IMPROVEMENTS 6,469,862 TOTAL - UNIVERSITY SUPPORT 19,325,941 FORM 990 SECTION 1.263(A)-1(F) DE MINIMIS SAFE HARBOR ELECTION UNIVERSITY OF MEMPHIS FOUNDATION 635 NORMAL ST, ALUMNI CENTER, RM 108 MEMPHIS, TN 38152 EMPLOYER IDENTIFICATION NUMBER: 62-6048540 FOR THE YEAR ENDING JUNE 30, 2018 THE UNIVERSITY OF MEMPHIS FOUNDATION IS MAKING THE DE MINIMIS SAFE HARBOR ELECTION UNDER REG. SEC. 1.263(A)-1(F). UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITIES TN 501(C) 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1