2017-02-06T16:45:20-06:00 2016-06-30 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2015-07-01 626048540 UNIVERSITY OF MEMPHIS FOUNDATION UNIV 9016783255 635 NORMAL ST ALUMNI CENTER 108 MEMPHIS TN 38152 LARRY BUNCH MANAGING DIRECTOR 9016783255 2017-02-03 1 JOHN A MAY JR P00210965 9017613000 2017-02-03 2015 2021-01-29 14:40:06Z LARRY BUNCH 107 ALUMNI CENTER MEMPHIS TN 38152 83151717 0 X WWW.MEMPHIS.EDU/ADVANCE/FOUNDATION X 1964 TN THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. 16 12 0 0 -31932 -31932 24315759 28195931 0 0 3773519 773979 991161 825733 29080439 29795643 8654153 9054007 0 0 1348808 1407261 0 150443 150443 15292647 12922581 25295608 23534292 3784831 6261351 149589792 151080361 9025691 8952120 140564101 142128241 THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OFMEMPHIS. 0 0 21801903 9054007 825733 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. 21801903 1 1 0 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 218 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 X 16 12 1 0 1 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 MEMPHIS TN 38152 X MR CHARLES G BURKETT DIRECTOR 1.00 X 0 0 0 MR MICHAEL BRUNS DIRECTOR 1.00 X 0 0 0 MR BENJAMIN C BRYANT JR VICE PRESIDENT/DIRECTOR 1.00 X X 0 0 0 MR PACE D COOPER DIRECTOR 1.00 X 0 0 0 MR HILLIARD CREWS JR DIRECTOR 1.00 X 0 0 0 MR DOUG EDWARDS DIRECTOR 1.00 X 0 0 0 MR ROBERT F FOGELMAN DIRECTOR 1.00 X 0 0 0 MR WILLIE H GREGORY SR DIRECTOR 1.00 X 0 0 0 MS HELEN S GRONAUER DIRECTOR 1.00 X 0 0 0 MS CAROLYN C HARDY DIRECTOR 1.00 X 0 0 0 MR DONALD HUTSON DIRECTOR 1.00 X 0 0 0 MS KAREN FIELDS ISAACMAN DIRECTOR 1.00 X 0 0 0 MR LARRY JENSON DIRECTOR 1.00 X 0 0 0 MR GEORGE T JOHNSON TREASURER/SECRETARY/DIRECTO 1.00 X X 0 0 0 MS ELISE JORDAN DIRECTOR 1.00 X 0 0 0 MR THOMAS G KADIEN PRESIDENT/DIRECTOR 1.00 X X 0 0 0 MR MICHAEL KISBER DIRECTOR 1.00 X 0 0 0 MR JAMES D LACKIE DIRECTOR 1.00 X 0 0 0 MR JAMES E MCGEHEE JR DIRECTOR 1.00 X 0 0 0 MR DAVID NORTH DIRECTOR 1.00 X 0 0 0 MR DAVID PERDUE DIRECTOR 1.00 X 0 0 0 MR JOHN REID DIRECTOR 1.00 X 0 0 0 MR STEPHEN C REYNOLDS DIRECTOR 1.00 X 0 0 0 DR TRISH CALVERT RING DIRECTOR 1.00 X 0 0 0 DR M DAVID RUDD DIRECTOR 1.00 X 0 0 0 MR GARY S SHORB DIRECTOR 1.00 X 0 0 0 MR HARRY L SMITH DIRECTOR 1.00 X 0 0 0 MR STEFAN M SMITH DIRECTOR 1.00 X 0 0 0 MS RITA SPARKS DIRECTOR 1.00 X 0 0 0 MR RICHARD A SPELL DIRECTOR 1.00 X 0 0 0 MS SUSAN SPRINGFIELD DIRECTOR 1.00 X 0 0 0 MR MITCHELL D SPURLOCK DIRECTOR 1.00 X 0 0 0 MS LAURIE A TUCKER DIRECTOR 1.00 X 0 0 0 MR JAMES L VINING DIRECTOR 1.00 X 0 0 0 MR J THOMAS WATSON DIRECTOR 1.00 X 0 0 0 MR DAVID WEDAMAN DIRECTOR 1.00 X 0 0 0 MR C KEMMONS WILSON JR DIRECTOR 1.00 X 0 0 0 MR DAVID G ZETTERGREN DIRECTOR 1.00 X 0 0 0 MS JULIE JOHNSON EXECUTIVE DIRECTOR 40.00 X 0 33781 9954 LARRY BUNCH MANAGING DIRECTOR 40.00 X 0 121041 32031 0 154822 41985 0 0 1 0 NATIONS GROUP LLC 7201 E CAMELBACK ROAD SUITE 360 SCOTTSDALE AZ 85251 CONSTRUCTION AND RENOVATION 621145 ARCHER MALMO INC 65 UNION AVE SUITE 500 MEMPHIS TN 38103 ADVERTISING/MARKETING/PUBLIC RELATIONS 371723 LOONEY RICKS KISS 175 TOYOTA PLAZA SUITE 500 MEMPHIS TN 38103 PROFESSIONAL SERVICES 274982 CHARLES BURKETT 238 CLOISTER GREEN LANE MEMPHIS TN 38120 CONSULTING SERVICES 206680 ADVENT RESULTS LLC 2320 CRUZEN STREET NASHVILLE TN 37211 PROFESSIONAL SERVICES 157500 9 28195931 719191 28195931 1215920 -31932 1247852 52914133 53356074 -441941 -441941 -441941 MISC. REVENUE 611710 825733 825733 825733 29795643 825733 -31932 805911 X 8817983 8817983 236024 236024 1290363 1290363 116898 116898 117978 117978 25200 25200 150443 150443 31507 31507 UNIVERSITY SUPPORT - SE 12459162 12459162 BAD DEBT EXPENSE 288734 288734 23534292 21801903 1581946 150443 1076588 314948 15522966 18684359 35707322 42077157 96245033 88863475 1037883 1140422 149589792 151080361 9025691 8952120 9025691 8952120 X 8535825 6464443 65666975 66945038 66361301 68718760 140564101 142128241 149589792 151080361 X 6261351 -4697208 -3 X X 0 1 X 1 0 X 23773788 29816322 30648077 24315759 28195931 136749877 23773788 29816322 30648077 24315759 28195931 136749877 14547395 122202482 1281124 1405436 695792 1175920 1215920 5774192 142524069 0.85740 0.84900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 63276 0 0 63276 0 PART II-B, LINE 1: MONITORING LEGISLATIVE ACTIVITY WITH A FOCUS ON LEGISLATION IMPACTING THE UNIVERSITY OF MEMPHIS. 327923 X X X X X CLASSROOM INSTRUCTION 0 93823831 3060881 -5939533 3473703 87471476 91994405 2954313 1321603 2446490 93823831 79060431 4131236 11989136 3186398 91994405 69736890 3350128 8435822 2462409 79060431 70869171 2012239 -549573 2594947 69736890 0.04200 0.78600 0.17200 0 0 0 LIMITED PARTNERSHIPS & LLCS 88863475 F 88863475 25267931 -4697208 169500 -4527708 29795639 4 4 29795643 23703791 169500 169500 23534291 1 1 23534292 PART III, LINE 4: EGYPTIAN RELATED ART AND ARTIFACTS USED FOR EDUCATIONAL PURPOSES. PART V, LINE 4: THE UNIVERSITY OF MEMPHIS FOUNDATION'S ENDOWMENT ACCOUNTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS AND INCLUDE APPROXIMATELY 500 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 TRUSTEES OF THE UNIVERSITY OF MEMPHIS 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 XI, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 4. PART XII, LINE 4B - OTHER ADJUSTMENTS: ROUNDING 1. X X X X 1 ROYALL AND COMPANY ADVANCEMENT SERVICES INC 1920 E PARHAM ROAD RICHMOND VA 23228 ANNUAL GIVING CAMPAIGN 0 296326 150443 145883 296326 150443 145883 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 AVE MEMPHIS TN 38152 620648618 501 (C) 8817983 SCHOLARSHIPS 1 AWARDS 258 236024 PART I, LINE 2: THE FOUNDATION MAKES FUNDS AVAILABLE TO THE UNIVERSITY OF MEMPHIS. THE UNIVERSITY SELECTS RECIPIENTS IN ACCORDANCE WITH DONOR INSTRUCTIONS. 0 0 0 0 0 0 0 0 0 LARRY BUNCH MANAGING DIRECTOR 0 121041 0 0 0 0 0 18805 0 13226 0 153072 0 0 RICHARD SPELL MR. SPELL IS ON THE BOARD OF DIRECTORS THE FOUNDATION HAS A BROKERAGE ACCOUNT WITH RAYMOND JAMES. MR. SPELL IS EMPLOYEED BY RAYMOND JAMES. 0 KEMMONS WILSON JR MR. WILSON IS ON THE BOARD OF DIRECTORS MR. WILSON'S FIRM MANAGES THE HOLIDAY INN HOTEL AND THE FOGELMAN EXECUTIVE CONFERENCE CENTER OWNED BY THE UNIVERSITY OF MEMPHIS. 0 CHARLES BURKETT MR BURKETT IS ON THE BOARD OF DIRECTORS 206680 THE FOUNDATION PAID MR. BURKETT FOR CONSULTING SERVICES PROVIDED TO THE UNIVERSITY OF MEMPHIS. 0 BENJAMIN BRYANT JR MR. BRYANT IS ON THE BOARD OF DIRECTORS 24000 THE FOUNDATION PAID MR. BRYANT FOR CONSULTING SERVICES PROVIDED TO THE UNIVERSITY OF MEMPHIS. 0 X 32 694259 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 CHARLES BURKETT AND DAVID ZETTERGRAN WORKED FOR DAVID RUDD AT THE UNIVERSITY OF MEMPHIS. BENJAMIN BRYANT WAS A CONTRACTOR WHO ALSO WORKED FOR DAVID RUDD AT THE UNIVERSITY OF MEMPHIS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION REVISED ITS BYLAWS TO SPECIFICALLY ALLOW PROXY VOTING. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE MANAGING DIRECTOR AND ASSOCIATE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C THIS 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 ORGANIZATIONS WEBSITE. FORM 990, PART VII, SECTION A THE UNIVERSITY OF MEMPHIS FOUNDATION (UMF) REIMBURSES THE UNIVERSITY OF MEMPHIS (U OF M) FOR ALL OF THE COMPENSATION AND BENEFITS OF UMF'S MANAGING DIRECTOR. FORM 990, PART IX, LINE 24A, UNIVERSITY SUPPORT DETAIL CONFERENCES AND TRAVEL 347,475 MOVING EXPENSES 5,000 SUPPLIES 435,405 POSTAGE 35,086 PRINTING 226,619 TELEPHONE AND COMMUNICATIONS 7,826 MAINTENANCE AND REPAIRS 4,540 ANNUITY EXPENSES 15,701 PROFESSIONAL SERVICES 3,036,493 PUBLICITY/PUBLIC RELATIONS 23,911 RENTAL FEES 58,207 INSURANCE OTHER 25,756 OTHER EXPENSES 256,864 DUES MEMBERSHIPS SUBSCRIPTIONS 230,439 MEALS AND ENTERTAINMENT 681,517 TICKETS 94,049 SPONSORSHIPS AND DONATIONS 63,953 GIFTS AND FLOWERS 77,294 REFUNDS AND RETURNED CHECKS 99 FEES 202,456 HONORARIUMS 13,450 UNIVERSITY SUPPORT & ADVANC. 2,928,516 SPECIAL PROJECTS 2,358,737 CHAIRS AND PROFESSORSHIPS 691,495 BANK FEES 14,731 FURNITURE AND EQUIPMENT 194,936 CAPITAL IMPROVEMENTS 428,607 TOTAL 12,459,162 FORM 990, PART XI, LINE 9: ROUNDING -3. PART XII, LINE 2C THERE IS NO CHANGE FROM PRIOR YEAR. FORM 990, PART VI, LINE 4 THE ORGANIZATION AMENDED ITS CHARTER DURING THE YEAR TO CHANGE TRUSTEES TO DIRECTORS AND REVISE THE BOARD OF DIRECTORS TERMS TO RUN CONCURRENT TO THE FISCAL YEAR OF THE ORGANIZATION. 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