2016-02-10T09:59:30-06:00 2015-06-30 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2014-07-01 626048540 UNIVERSITY OF MEMPHIS FOUNDATION UNIV 9016783255 635 NORMAL ST ALUMNI CENTER 108 MEMPHIS TN 38152 LARRY BUNCH MANAGING DIRECTOR 9016783255 2016-02-04 1 JOHN A MAY JR P00210965 9017613000 2016-02-03 2014 2016-04-25 22:37:26Z LARRY BUNCH 107 ALUMNI CENTER MEMPHIS TN 38152 101169339 0 X WWW.MEMPHIS.EDU/ADVANCE/FOUNDATION X 1964 TN THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. 28 28 0 0 -384076 -384076 30648077 24315759 0 0 17046221 3773519 1142530 991161 48836828 29080439 0 8654153 0 0 0 1348808 0 0 0 28277714 15292647 28277714 25295608 20559114 3784831 148112570 149589792 11045610 9025691 137066960 140564101 THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OFMEMPHIS. 0 0 23533350 8654154 991161 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. 23533350 1 1 0 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 0 0 0 1 233 0 1 0 0 0 0 0 1 1 1 1 0 0 0 0 X 28 28 0 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 MEMPHIS TN 38152 X MR MICHAEL BRUNS TRUSTEE 1.00 X 0 0 0 MR BENJAMIN C BRYANT JR VICE PRESIDENT/TRUSTEE 1.00 X X 0 0 0 MR PACE D COOPER TRUSTEE 1.00 X 0 0 0 MR HILLIARD CREWS JR TRUSTEE 1.00 X 0 0 0 MR DOUG EDWARDS TRUSTEE 1.00 X 0 0 0 MR WILLIE H GREGORY SR TRUSTEE 1.00 X 0 0 0 MS HELEN S GRONAUER TRUSTEE 1.00 X 0 0 0 MS CAROLYN C HARDY TRUSTEE 1.00 X 0 0 0 MR DONALD HUTSON TRUSTEE 1.00 X 0 0 0 MS KAREN FIELDS ISAACMAN TRUSTEE 1.00 X 0 0 0 MR LARRY JENSON TRUSTEE 1.00 X 0 0 0 MR GEORGE T JOHNSON TREASURER/TRUSTEE 1.00 X X 0 0 0 MS ELISE JORDAN TRUSTEE 1.00 X 0 0 0 MR THOMAS G KADIEN PRESIDENT/TRUSTEE 1.00 X X 0 0 0 MR MICHAEL KISBER TRUSTEE 1.00 X 0 0 0 MR DAVID KUSTOFF TRUSTEE 1.00 X 0 0 0 MR JAMES D LACKIE TRUSTEE 1.00 X 0 0 0 MR JAMES E MCGEHEE JR TRUSTEE 1.00 X 0 0 0 MR DAVID NORTH TRUSTEE 1.00 X 0 0 0 MR DAVID PERDUE TRUSTEE 1.00 X 0 0 0 MR JOHN REID TRUSTEE 1.00 X 0 0 0 DR TRISH CALVERT RING TRUSTEE 1.00 X 0 0 0 MR STEFAN M SMITH TRUSTEE 1.00 X 0 0 0 MS RITA SPARKS SECRETARY/TRUSTEE 1.00 X X 0 0 0 MR RICHARD A SPELL TRUSTEE 1.00 X 0 0 0 MS SUSAN SPRINGFIELD TRUSTEE 1.00 X 0 0 0 MR MITCHELL D SPURLOCK TRUSTEE 1.00 X 0 0 0 MS LAURIE A TUCKER TRUSTEE 1.00 X 0 0 0 MR JAMES L VINING TRUSTEE 1.00 X 0 0 0 MR J THOMAS WATSON TRUSTEE 1.00 X 0 0 0 MR DAVID WEDAMAN TRUSTEE 1.00 X 0 0 0 MR C KEMMONS WILSON JR TRUSTEE 1.00 X 0 0 0 MS ANISE BELZ TRUSTEE 1.00 X 0 0 0 MR DAVID B FERRARO TRUSTEE 1.00 X 0 0 0 MS AMY P RHODES TRUSTEE 1.00 X 0 0 0 MS CAROLYN S WILLIAMS-BENNETT TRUSTEE 1.00 X 0 0 0 MS JULIE JOHNSON EXECUTIVE DIRECTOR 40.00 X 0 70219 13650 LARRY BUNCH MANAGING DIRECTOR 40.00 X 0 119731 31650 0 189950 45300 0 0 1 0 FLEMING ASSOCIATES ARCHITECTS PC 5101 WHEELIS DR SUITE 215 MEMPHIS TN 38117 PROFESSIONAL SERVICES 940648 LOONEY RICKS KISS 175 TOYOTA PLAZA SUITE 500 MEMPHIS TN 38103 PROFESSIONAL SERVICES 869007 NATIONS GROUP LLC 7201 E CAMELBACK ROAD SUITE 360 SCOTTSDALE AZ 85251 CONSTRUCTION AND RENOVATION 584875 HURON CONSULTING GROUP INC 550 W VAN BUREN STREET CHICAGO IL 60607 PROFESSIONAL SERVICES 568950 ENVIRONMENTAL CONSTRUCTION SERVICES INC 5050 POPLAR AVE SUITE 2422 MEMPHIS TN 38157 CONSTRUCTION AND RENOVATION 265140 12 24315759 1641930 24315759 1175920 -384076 1559996 74686499 72088900 2597599 2597599 2597599 MISC. REVENUE 611710 991161 991161 991161 29080439 991161 -384076 4157595 X 8419271 8419271 234882 234882 1235254 1235254 113554 113554 358339 358339 24350 24350 30761 30761 UNIVERSITY SUPPORT - SE 14266086 14266086 BAD DEBT EXPENSE 613111 613111 25295608 23533350 1762258 0 417950 1076588 12539832 15522966 43129926 35707322 91016384 96245033 1008478 1037883 148112570 149589792 11045610 9025691 11045610 9025691 X 9360513 8535825 63281646 65666975 64424801 66361301 137066960 140564101 148112570 149589792 X 3784831 -287686 -4 X X 0 1 X 1 0 X 17642126 23773788 29816322 30648077 24315759 126196072 17642126 23773788 29816322 30648077 24315759 126196072 13065705 113130367 2490339 1281124 1405436 695792 1175920 7048611 133244683 0.84900 0.84810 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1 260 0 0 1 53215 1 658 0 54133 0 PART II-B, LINE 1: MONITORING LEGISLATIVE ACTIVITY WITH A FOCUS ON LEGISLATION IMPACTING THE UNIVERSITY OF MEMPHIS. 344123 X X X X X CLASSROOM INSTRUCTION 0 91994405 2954313 1321603 2446490 93823831 79060431 4131236 11989136 3186398 91994405 69736890 3350128 8435822 2462409 79060431 70869171 2012239 -549573 2594947 69736890 61478602 3266240 8770371 2646042 70869171 0.06600 0.70700 0.22700 0 0 0 LIMITED PARTNERSHIPS & LLCS 96245033 F 96245033 28792755 -287686 2 -287684 29080439 0 29080439 25295614 6 6 25295608 0 25295608 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 490 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 2D - OTHER ADJUSTMENTS: ROUNDING 2. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING 6. 1 UNIVERSITY OF MEMPHIS 3720 ALUMNI AVE MEMPHIS TN 38152 620648618 501 (C) 8419271 SCHOLARSHIPS 1 AWARDS 262 234882 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 119731 0 0 0 0 0 18457 0 13193 0 151381 0 0 RICHARD SPELL MR. SPELL IS ON THE BOARD OF TRUSTEES 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 TRUSTEES MR. WILSON'S FIRM MANAGES THE HOLIDAY INN HOTEL AND THE FOGELMAN EXECUTIVE CONFERENCE CENTER OWNED BY THE UNIVERSITY OF MEMPHIS. 0 X 54 1695993 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 B, LINE 11 THE FORM 990 IS REVIEWED BY THE MANAGING DIRECTOR AND EXECUTIVE 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 330,738 SUPPLIES 256,251 POSTAGE 35,144 PRINTING 323,062 TELEPHONE AND COMMUNICATIONS 8,870 MAINTENANCE AND REPAIRS 5,296 ANNUITY EXPENSES 13,477 PROFESSIONAL SERVICES 4,312,166 PUBLICITY/PUBLIC RELATIONS 76,722 RENTAL FEES 88,797 INSURANCE OTHER 101,297 OTHER EXPENSES 255,656 DUES MEMBERSHIPS SUBSCRIPTIONS 190,702 MEALS AND ENTERTAINMENT 737,163 TICKETS 28,673 SPONSORSHIPS AND DONATIONS 123,988 GIFTS AND FLOWERS 71,517 FEES 241,215 HONORARIUMS 10,050 UNIVERSITY SUPPORT & ADVANC. 2,314,571 SPECIAL PROJECTS 2,825,375 CHAIRS AND PROFESSORSHIPS 1,163,421 BANK FEES 13,429 FURNITURE AND EQUIPMENT 355,527 CAPITAL IMPROVEMENTS 382,979 TOTAL 14,266,086 FORM 990, PART XI, LINE 9: ROUNDING -4. PART XII, LINE 2C THERE IS NO CHANGE FROM PRIOR YEAR. 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