2016-11-10T08:31:50-06:00 2016-07-31 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2015-08-01 620545618 MEMPHIS UNIVERSITY SCHOOL MEMP 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 RANKIN FOWLKES DIRECTOR OF BUSINESS OPERATIONS 9012601300 2016-11-09 1 JOHN A MAY JR P00210965 9017613000 2016-11-07 2015 2017-02-10 21:41:12Z RANKIN FOWLKES 6191 PARK AVENUE MEMPHIS TN 38119 22629691 0 X WWW.MUSOWLS.ORG X 1955 TN COLLEGE PREPARATORY SECONDARY SCHOOL FOR BOYS 25 25 162 100 0 0 2833734 2967564 13069881 13126266 705559 3103449 45504 82219 16654678 19279498 2330960 2490378 0 0 9301838 9526811 0 0 972705 5829831 5796870 17462629 17814059 -807951 1465439 65481324 63579115 16868210 15993712 48613114 47585403 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 10588258 12680333 EDUCATION GRADES 7-12 APPROXIMATELY 632 STUDENTS 2490378 2490378 FINANCIAL AID FOR STUDENTS IN GRADES 7-12 APPROXIMATELY 203 STUDENTS 13078636 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 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 66 0 1 162 1 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 P TROWBRIDGE GILLESPIE JR BOARD MEMBER 2.00 X 0 0 0 ROBERT E LOEB BOARD MEMBER 2.00 X 0 0 0 R LOUIS ADAMS BOARD MEMBER 2.00 X 0 0 0 SUKI S CARSON BOARD MEMBER 2.00 X 0 0 0 SAMUEL N GRAHAM II CHAIRMAN 2.00 X 0 0 0 MARK J HALPERIN BOARD MEMBER 2.00 X 0 0 0 JOSEPH R HYDE III BOARD MEMBER 2.00 X 0 0 0 E CARL KRAUSNICK JR BOARD MEMBER 2.00 X 0 0 0 ANDREW R MCCARROLL SECRETARY 2.00 X 0 0 0 JOHNNY B MOORE JR BOARD MEMBER 2.00 X 0 0 0 RICHARD C MOOREJR 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 OWEN B TABOR JR BOARD MEMBER 2.00 X 0 0 0 GARY K WUNDERLICH JR VICE CHAIRMAN 2.00 X 0 0 0 D STEPHEN MORROW TREASURER 2.00 X 0 0 0 JAMES F BURNETT BOARD MEMBER 2.00 X 0 0 0 WILLIAM ETROUTT BOARD MEMBER 2.00 X 0 0 0 GLENN A CROSBY II 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 ELLIS HAGUEWOOD HEAD-MASTER 40.00 X 301158 0 20612 RANKIN FOWLKES DIR.- BUS OPS 40.00 X 151920 0 13150 BRIAN K SMITH DIR.- COLLEGE COUNSELING 40.00 X 117423 0 11425 WILLIAM RAY PRINCIPAL UPPER SCHOOL 40.00 X 108875 0 10998 BOBBY ALSTON DIRECTOR OF ATHLETICS 40.00 X 136439 0 12376 PERRY DEMENT DIR.- ADVANCEMENT 40.00 X 147305 0 12919 963120 0 81480 6 0 1 0 HUMANA PO BOX 0884 CAROL STREAM IL 601320884 HEALTH BENEFITS 766370 JOLLY ROOFING AND CONTRACTING 711 CHANEY COVE COLLIERVILLE TN 38017 CONSTRUCTION 192145 CLARION SECURITY 5496 POPLAR AVE SUITE 32 MEMPHIS TN 38119 SECURITY 145964 GRINDER TABER AND GRINDER INC 1919 LYNNFIELD ROAD MEMPHIS TN 38187 CONSTRUCTION 140641 TENNESSEE BOOK COMPANY PO BOX 277351 ATLANTA GA 303847351 TEXTBOOKS 124045 8 2967564 106997 2967564 TUITION & FEES 611600 12598114 12598114 STUDENT ACTIVITIES REVENUE 611710 178412 178412 ATHLETICS/CAMPS 611710 166317 166317 AUXILLIARY/INSTRUCTION REVENUE 611600 142642 142642 CAFETERIA 611710 40781 40781 13126266 310121 310121 38835 0 38835 38835 38835 5860124 3066796 2793328 2793328 2793328 318725 283397 35328 35328 VENDING MACHINE 523000 8056 8056 8056 19279498 12680333 0 3631601 2490378 2490378 507322 69098 438224 7359627 5170159 1517918 671550 313935 313935 764476 764476 581451 436088 145363 208635 208635 36723 36723 84402 84402 67871 67871 931424 511041 147120 273263 563556 408838 154718 989 989 3623 3623 452931 452931 1568749 1568749 133661 99843 33281 537 INSTRUCTION & STUDENT A 862973 793100 69873 AUXILIARY EXPENSES 764843 764843 BOND COSTS 12831 12831 BAD DEBT 3000 3000 100659 77916 22743 17814059 13078636 3762718 972705 1522173 994447 7724728 7808155 833617 498391 104592 65257 229637 229244 49707 31117 47400977 22646969 25390277 24754008 29501034 29066532 125559 131964 65481324 63579115 313151 284047 10599606 10146434 5955453 5563231 16868210 15993712 X 42451058 41042036 392050 359397 5770006 6183970 48613114 47585403 65481324 63579115 X 1465439 -2493152 2 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34108388 1324859 514625 2408831 33539041 33155568 845509 2363591 2256280 34108388 29195565 962282 5003802 2006081 33155568 24754985 1128502 5267078 1955000 29195565 26396112 204593 -178644 1667076 24754985 0.82000 0.18000 0 0 281637 281637 30804949 15084589 15720360 3789595 2819628 969967 12524796 4742752 7782044 24754008 ADVANCE COLLECTION 5455890 FUNDS HELD IN TRUST 84299 OTHER LIABILITIES 23042 5563231 14854063 -2493152 283397 -2209755 17063818 2215680 2215680 19279498 15881774 283395 283395 15598379 2215680 2215680 17814059 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 40 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 XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS 283,397. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 2,131,278. TRUST INVESTMENT EXPENSE 84,402. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS 283,397. ROUNDING -2. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 2,131,278. TRUST INVESTMENT EXPENSE 84,402. 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 203 2490378 X X 1 1 X 0 0 0 0 0 0 0 0 0 ELLIS HAGUEWOOD HEAD-MASTER 301158 0 0 0 0 0 15058 0 5554 0 321770 0 0 0 RANKIN FOWLKES DIR.- BUS OPS 151920 0 0 0 0 0 7596 0 5554 0 165070 0 0 0 PERRY DEMENT DIR.- ADVANCEMENT 147305 0 0 0 0 0 7365 0 5554 0 160224 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 A 2005000 10250000 107470 750000 11257543 1 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 BRETT GRINDER BOARD MEMBER IS OWNER 100000 CONSTRUCTION SERVICES 0 TROW GILLESPIE STEVE MORROW TWO BOARD MEMBERS ON BOARD OF TRUSTEES 84402 INVESTMENT MANAGEMENT 0 JOHNNY B MOORE JR BOARD MEMBER AND IS PRESIDENT 0 BANKING SERVICES 0 JIM BURNETT COLLIE KRAUSNICK TWO BOARD MEMBER ON BOARD OF TRUSTEES 0 INVESTMENT MANAGEMENT 0 RICK MOORE BOARD MEMBER IS CEO 0 CONSTRUCTION SERVICES 0 X 19 106997 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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: ROUNDING 2.