2015-01-12T11:02:27-06:00 2014-06-30 621152935 ZOCCOLA KAPLAN PLLC 6800 POPLAR AVENUE STE 210 GERMANTOWN TN 38138 990 2013-07-01 943487601 READ FOUNDATION READ 9013677814 4450 S MENDENHALL RD MEMPHIS TN 38141 MUHAMMET TURKAY EXECUTIVE DIRECTOR 9013677814 2015-01-12 1 MARCUS ROUNTREE P00747095 9015238283 2013 2016-03-07 17:11:31Z MEMPHIS SCHOOL OF EXCELLENCE MUHAMMET TURKAY 4450 S MENDENHALL RD MEMPHIS TN 38141 3025808 0 X WWW.SEMEMPHIS.ORG X 2009 TN TO PROVIDE A SAFE AND COLLABORATIVE ENVIRONMENT WHICH WILL CULTIVATE THE ACADEMIC AND SOCIAL DEVELOPMENT OF ITS STUDENTS BY EMPHASIZING MATH, SCIENCE, AND TECHNOLOGY FOR THE PURPOSE OF STUDENTS SETTING AND MEETING HIGHER EDUCATION GOALS. 4 4 45 50 0 0 0 0 3094289 3025808 0 0 0 0 3094289 3025808 0 0 0 0 1764388 1871307 0 0 8231 1271971 1373680 3036359 3244987 57930 -219179 2410394 2186552 882256 877593 1528138 1308959 X THE MISSION OF MEMPHIS SCHOOL OF EXCELLENCE IS TO PROVIDE A SAFE AND COLLABORATIVE ENVIRONMENT WHICH WILL CULTIVATE THE ACADEMIC AND SOCIAL DEVELOPMENT OF ITS STUDENTS BY EMPHASIZING MATH, SCIENCE, AND TECHNOLOGY FOR THE PURPOSE OF STUDENTS SETTING AND MEETING HIGHER EDUCATION GOALS. 0 0 1691090 3025808 A PUBLIC CHARTER SCHOOL PROVIDING EDUCATIONAL OPPORTUNITIES TO THE SURROUNDING COMMUNITY. 1691090 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 45 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X WHITEHORN TANKERSLEY & DAVIS PLLC 9017675080 670 OAKLEAF OFFICE LN MEMPHIS TN 38117 CEM AKKUS PRESIDENT 2.00 X 0 0 0 MUTLU CELIKOK VICE PRESIDENT 2.00 X 0 0 0 OZGENC AKTAS-KOCAK TREASURER 2.00 X 0 0 0 EMIN KUSCU SECRETARY 2.00 X 0 0 0 ROBERT P CONNOLLY BOARD MEMBER 2.00 X 0 0 0 PATTY FARMER TREASURER 2.00 X 0 0 0 FATIH SEN BOARD MEMBER 2.00 X 0 0 0 ALI GUMUS OFFICER 2.00 X 81671 0 0 MUHAMMET TURKAY OFFICER 2.00 X 78404 0 0 160075 0 0 0 0 0 0 0 GRANT REVENUE 611710 2876531 2876531 OTHER CAPITAL OUTLAY 611710 108654 108654 STUDENT SERVICES 611710 40623 40623 3025808 3025808 3025808 0 0 1456570 1234140 222430 124463 106703 17760 175811 136890 38921 114463 98537 15926 2278 2278 8700 8700 158712 15151 143561 17234 17234 636978 636978 164045 164045 13629 13629 65491 65491 232611 26259 205573 779 INSTRUCTIONAL SUPPLIES 47840 47840 STAFF DEVELOPMENT 8976 3458 5518 TEXTBOOKS 8483 8483 FOOD EXPENSE 7452 7452 1251 1251 3244987 1691090 1545666 8231 351294 375983 39614 23790 50096 50000 2487081 750302 1969390 1736779 2410394 2186552 33935 83782 848321 793811 882256 877593 X 1528138 1308959 1528138 1308959 2410394 2186552 -219179 0 X 0 1 X 1 0 X 2231697 625625 1606072 255384 124677 130707 1736779 X 3025808 0 3025808 0 3025808 3244987 0 3244987 0 3244987 PART X, LINE 2: THE SCHOOL ADOPTED THE INCOME TAX TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) 740, WHICH PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, PRESENTED AND DISCLOSED IN THE FINANCIAL STATEMENTS. THE SCHOOL IS REQUIRED TO EVALUATE THE INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN TO DETERMINE WHETHER THE POSITIONS ARE "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAX AUTHORITY. THE SCHOOL HAS DETERMINED THAT THE APPLICATION OF THE INCOME TAXES STANDARD DOES NOT IMPACT THE OPERATIONS OF THE SCHOOL AND THAT NO PROVISION FOR INCOME TAX IS REQUIRED IN THE SCHOOL'S FINANCIAL STATEMENTS. THERE HAVE BEEN NO INTEREST OR PENALTIES RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION OR STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEAR ENDED JUNE 30, 2014. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 4 THE SCHOOL IS A PUBLIC CHARTER SCHOOL. SCHOLARSHIPS ARE NOT OFFERED. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED FINANCIAL AID FROM THE FEDERAL GOVERNMENT AND THE STATE OF TENNESSEE THROUGH THE FOLLOWING AWARDS: TITLE 1, SCS PER PUPIL ALLOCATIONS, AND CAPITAL OUTLAY. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD REVIEWS FORM 990 FOR APPROVAL BEFORE THE RETURN IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD REVIEWS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY BOARD MEMBERS, KEY EMPLOYEES AND STAFF ON A REGULAR BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING THE COMPENSATION OF THE KEY EMPLOYEES IS DETERMINED BY THE BOARD OF THE READ FOUNDATION DBA MEMPHIS SCHOOL OF EXCELLENCE. COMPENSATION AMOUNTS ARE CALCULATED AND APPROVED BASED ON PAY SCALE OF MEMPHIS CITY SCHOOLS. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE (SEMEMPHIS.ORG/DOCUMENTS/FORM990-2010-2011.PDF) AS WELL AS UPON REQUEST.