BETA

MEMPHIS TEACHER RESIDENCY INC: Form 990, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
MEMPHIS TEACHER RESIDENCY INC (EIN 26-4440905)
Tax period
2013-06-01 to 2014-05-31
Filed
2015-02-04
IRS object ID
201510359349300221
Schema version
2013v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2015-02-04T10:45:19-06:00ReturnTs
Tax Period End2014-05-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN621174696PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BRUNDIGE PAYNE AND COMPANY PCBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1700 COLONIAL ROAD SUITE 220AddressLine1
CityMEMPHISCity
StateTNState
ZIP Code381175156ZIPCode
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2013-06-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN264440905EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MEMPHIS TEACHER RESIDENCY INCBusinessNameLine1
FieldValueIRS element (for citing)
Business Name ControlMEMPBusinessNameControlTxt
Phone9019374687PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 241639AddressLine1
CityMEMPHISCity
StateTNState
ZIP Code382411639ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonDAVID MONTAGUEPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone9019374687PhoneNum
Signature2015-02-03SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRICHARD L WEBB CPAPreparerPersonNm
PTINP00362093PTIN
Phone9016834234PhoneNum
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2016-03-07 17:11:31ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerDAVID MONTAGUEPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12181 UNION AVENUEAddressLine1
CityMEMPHISCity
StateTNState
ZIP Code38104ZIPCode
FieldValueIRS element (for citing)
Gross Receipts$2,978,737GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MEMPHISTR.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateTNLegalDomicileStateCd
Activity Or MissionAS A RESPONSE TO THE GOSPEL MANDATE TO LOVE OUR NEIGHBORS AS OURSELVES, THE ORGANIZATION WILL PROVIDE STUDENTS IN OUR PARTNER NEIGHBORHOODS WITH THE SAME, OR BETTER, QUALITY OF EDUCATION AS ANY CHILD IN MEMPHIS RECEIVES BY RECRUITING, TRAINING AND SUPPORTING EFFECTIVE TEACHERS WITHIN A CHRISTIAN CONTEXT.ActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee17TotalEmployeeCnt
Total Volunteers125TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$1,901,914PYContributionsGrantsAmt
CY Contributions Grants$2,938,503CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$40,234CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,901,914PYTotalRevenueAmt
CY Total Revenue$2,978,737CYTotalRevenueAmt
PY Grants And Similar Paid$121,587PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$52,796CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,322,748PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,288,571CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$23,824CYTotalFundraisingExpenseAmt
PY Other Expenses$459,789PYOtherExpensesAmt
CY Other Expenses$1,425,414CYOtherExpensesAmt
PY Total Expenses$1,904,124PYTotalExpensesAmt
CY Total Expenses$2,766,781CYTotalExpensesAmt
PY Revenues Less Expenses-$2,210PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$211,956CYRevenuesLessExpensesAmt
Total Assets BOY$484,932TotalAssetsBOYAmt
Total Assets EOY$676,460TotalAssetsEOYAmt
Total Liabilities BOY$54,011TotalLiabilitiesBOYAmt
Total Liabilities EOY$33,583TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$430,921NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$642,877NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionAS A RESPONSE TO THE GOSPEL MANDATE TO LOVE OUR NEIGHBORS AS OURSELVES, MEMPHIS TEACHER RESIDENCY ("MTR") WILL PROVIDE STUDENTS IN PARTNER LOW-INCOME MEMPHIS NEIGHBORHOODS WITH THE SAME, OR BETTER, QUALITY OF EDUCATION AS IS AVAILABLE TO ANY STUDENT IN MEMPHIS BY RECRUITING, TRAINING, AND SUPPORTING EFFECTIVE TEACHERS WITHIN A CHRISTIAN CONTEXT.THE VISION OF MTR IS TO USE OUR SPECIFIC WORK WITHIN EDUCATION, IN PARTNERSHIP WITH OTHER HOLISTIC ORGANIZATIONS, TO HELP RESTORE COMMUNITIES SO THAT ALL INDIVIDUALS CAN BECOME EMPOWERED CONTRIBUTORS TO OUR CITY AND PEOPLE OF ALL RACES AND CLASSES CAN ENGAGE WITH ONE ANOTHER IN PEACE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,567,665ExpenseAmt
Grant$52,796GrantAmt
Revenue$40,234RevenueAmt
DescRECRUIT, EQUIPS, AND RETAINS EDUCATORS AND TEACHERS TO WORK WITHIN MEMPHIS, TENNESSEE URBAN SCHOOLS AND PROVIDE THE OPPORTUNITY TO RECEIVE CLASSROOM LEARNING ALONG WITH PRACTICAL EXPERIENCE SINCE THE PROGRAM PARTICIPANTS ARE PAIRED WITH AN EXPERIENCED MENTOR-TEACHER IN THEIR CONTENT AREA FOR FOUR DAYS PER WEEK FOR AN ENTIRE SCHOOL YEAR. EACH SUCCESSFUL PARTICIPANT WILL RECEIVE ENDORSEMENTS FOR ELEMENTARY EDUCATION OR SECONDARY EDUCATION IN MATH, BIOLOGY, PHYSICS, CHEMISTRY, SPANISH, HISTORY OR ENGLISH. EACH SUCCESSFUL PARTICIPANT WILL RECEIVE THE FOLLOWING: : MASTERS OF ARTS IN URBAN EDUCATION THROUGH UNION UNIVERSITY : INTENSIVE CLASSROOM EXPERIENCE WITHIN MEMPHIS URBAN SCHOOLS : STATE OF TENNESSEE EDUCATOR LICENSE : LIVING AND HOUSING STIPEND FOR THE 12 MONTH TRAINING PERIOD : ON-GOING EVALUATION AND MENTORING : LEADERSHIP OPPORTUNITIESTHE ESTIMATED COST FOR EACH PARTICIPANT IN THE 12 MONTH TRAINING PROGRAM IS APPROXIMATELY $33,000. THE NUMBER OF PROGRAM PARTICIPANTS FOR THE YEAR ENDED MAY 31, 2014 IS 46.Desc
Total Program Service Expenses$2,567,665TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document203IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee17EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Form8899 Filedind0Form8899Filedind
Indoor Tanning Services0IndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business RlnYes (1)FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldTNStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonDAVID MONTAGUEPersonNm
Phone9019374687PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12181 UNION AVENUEAddressLine1
CityMEMPHISCity
StateTNState
ZIP Code38104ZIPCode

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
TOM MARINO
SECRETARY3.00Yes (X)Yes (X)$0$0$0
DR MAXIE DUNNAM
DIRECTOR1.00Yes (X)$0$0$0
ROBERT MONTAGUE
TREASURER3.00Yes (X)Yes (X)$0$0$0
DAVID HARRIS
CHAIRMAN1.00Yes (X)Yes (X)$0$0$0
DAVID MONTAGUE
EXECUTIVE DIRECTOR40.00Yes (X)$137,846$0$7,965
FieldValueIRS element (for citing)
Total Reportable Comp From Org$137,846TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$7,965TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Government Grants$1,247,427GovernmentGrantsAmt
All Other Contributions$1,691,076AllOtherContributionsAmt
Total Contributions$2,938,503TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRESIDENT STIPEND REIMBDesc
Business611430BusinessCd
Total Revenue Column$40,234TotalRevenueColumnAmt
Related Or Exempt Func Income$40,234RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$40,234TotalProgramServiceRevenueAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,978,737TotalRevenueColumnAmt
Related Or Exempt Func Income$40,234RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$52,796TotalAmt
Program Services$52,796ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$152,780TotalAmt
Program Services$38,195ProgramServicesAmt
Management And General$114,585ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$978,126TotalAmt
Program Services$941,496ProgramServicesAmt
Management And General$18,678ManagementAndGeneralAmt
Fundraising$17,952FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$17,383TotalAmt
Program Services$13,826ProgramServicesAmt
Management And General$3,108ManagementAndGeneralAmt
Fundraising$449FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$65,472TotalAmt
Program Services$56,336ProgramServicesAmt
Management And General$8,054ManagementAndGeneralAmt
Fundraising$1,082FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$74,810TotalAmt
Program Services$63,242ProgramServicesAmt
Management And General$10,195ManagementAndGeneralAmt
Fundraising$1,373FundraisingAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$902,445TotalAmt
Program Services$902,445ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$49,205TotalAmt
Program Services$46,745ProgramServicesAmt
Management And General$1,476ManagementAndGeneralAmt
Fundraising$984FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$36,105TotalAmt
Program Services$34,300ProgramServicesAmt
Management And General$1,083ManagementAndGeneralAmt
Fundraising$722FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$57,369TotalAmt
Program Services$54,501ProgramServicesAmt
Management And General$1,721ManagementAndGeneralAmt
Fundraising$1,147FundraisingAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$29,422TotalAmt
Program Services$29,422ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$16,223TotalAmt
Management And General$16,223ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$5,641TotalAmt
Program Services$5,357ProgramServicesAmt
Management And General$169ManagementAndGeneralAmt
Fundraising$115FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
MARKETING & COMMUNICATI$99,440$99,440
TRAINING$76,755$76,755
SELECTION WEEKENDS/CAMP$72,447$72,447
RESIDENT COMMUNITY/GIVE$45,150$45,150

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$35,212TotalAmt
Program Services$35,212ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,766,781TotalAmt
Program Services$2,567,665ProgramServicesAmt
Management And General$175,292ManagementAndGeneralAmt
Fundraising$23,824FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$267,218BOYAmt
EOY$124,254EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$166,089BOYAmt
EOY$409,805EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,431BOYAmt
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$90,432EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$90,421LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$38,452LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$50,194BOYAmt
EOY$51,969EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$484,932BOYAmt
EOY$676,460EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$54,011BOYAmt
EOY$33,583EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$54,011BOYAmt
EOY$33,583EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$430,921BOYAmt
EOY$642,877EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$430,921BOYAmt
EOY$642,877EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$484,932BOYAmt
EOY$676,460EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$211,956ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,245,975CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,138,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,089,375CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,875,685CurrentTaxYearMinus1YearAmt
Current Tax Year$2,938,503CurrentTaxYearAmt
Total$9,288,038TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,245,975CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,138,500CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,089,375CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,875,685CurrentTaxYearMinus1YearAmt
Current Tax Year$2,938,503CurrentTaxYearAmt
Total$9,288,038TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$3,429,435SubstantialContributorsTotAmt
Public Support Total170$5,858,603PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$40,234CurrentTaxYearAmt
Total$40,234TotalAmt
FieldValueIRS element (for citing)
Total Support$9,328,272TotalSupportAmt
Public Support CY1700.62800PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part IV Form990ScheduleAPartIVGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationRESIDENT STIPEND REIMBURSEMENT - 2013 AMOUNT: $ 40,234.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$90,421OtherCostOrOtherBasisAmt
Depreciation$38,452DepreciationAmt
Book Value$51,969BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$51,969TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$2,978,737TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$2,978,737RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$2,978,737TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,766,781TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,766,781ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,766,781TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT OF MEMPHIS TEACHER RESIDENCY, INC. TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MEMPHIS TEACHER RESIDENCY, INC. HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF MAY 31, 2014, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MEMPHIS TEACHER RESIDENCY, INC. BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmtValuation Method UsedValuationMethodUsedDesc
PROVISION FOR BOOKS54$30,371N/A
PROVISION FOR TUITION23$22,425N/A

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceFORM 990, SCHEDULE I, PART III, LINE 1FormAndLineReferenceDesc
ExplanationPARTICIPANTS INVOLVED IN THE ORGANIZATION'S PROGRAM ARE PROVIDED EDUCATIONAL EXPENSES IN THE FORM OF BOOKS AND TUITION WITH THE EXPECTATION OF THREE YEARS OF SERVICE IN THE MEMPHIS URBAN SCHOOLS UPON RECEIVING THEIR MASTERS DEGREE. SEE SCHEDULE O FOR ADDITIONAL EXPLANATION.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 2DAVID MONTAGUE, EXECUTIVE DIRECTOR AND EMPLOYEE, AND ROBERT MONTAGUE, TREASURER AND UNCOMPENSATED BOARD MEMBER, ARE BROTHERS.
FORM 990, PART VI, SECTION B, LINE 11A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE THE RETURN WAS FILED WITH THE INTERNAL REVENUE SERVICE.
FORM 990, PART VI, SECTION B, LINE 12CANNUALLY THE ORGANIZATION REQUIRES THE OFFICERS AND DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN AN ANNUAL CERTIFICATION.
FORM 990, PART VI, SECTION B, LINE 15THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION OF MANAGEMENT, COMPARES TO OTHER SIMILAR NOT FOR PROFITS IN THE MEMPHIS AREA, CONSULTS WITH OTHER SIMILAR ORGANIZATIONS, AND SETS THE COMPENSATION COMMENSURATE WITH RESPONSIBILITIES.
FORM 990, PART VI, SECTION C, LINE 19MEMPHIS TEACHER RESIDENCY, INC. HAS ALL DOCUMENTS REQUIRED TO BE AVAILABLE FOR INSPECTION IN A SPECIFIC BINDER MARKED "OPEN FOR PUBLIC INSPECTION" AND IS READILY AVAILABLE UPON REQUEST BY THE PUBLIC.
FORM 990, PART IX, LINE 11GRESIDENT HOUSING STIPEND: PROGRAM SERVICE EXPENSES 767,080. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 767,080. MENTOR STIPENDS: PROGRAM SERVICE EXPENSES 135,365. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 135,365.

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