2014-01-13T08:03:24-06:00 2013-07-31 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2012-08-01 620545618 MEMPHIS UNIVERSITY SCHOOL MEMP 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 RANKIN FOWLKES 9012601300 2014-01-07 1 JOHN A MAY JR P00210965 9017613000 2014-01-06 2012 2015-11-30 17:44:51Z RANKIN FOWLKES 6191 PARK AVENUE MEMPHIS TN 38119 22508454 0 X WWW.MUSOWLS.ORG X 1955 TN COLLEGE PREPARATORY SECONDARY SCHOOL FOR BOYS 25 25 180 100 0 0 1981378 3500750 12046992 13001990 928274 1217710 33630 79134 14990274 17799584 2040752 2265216 0 0 8587100 8840391 0 0 995163 5388877 5433955 16016729 16539562 -1026455 1260022 56832937 62050895 18292473 17977432 38540464 44073463 MEMPHIS UNIVERSITY SCHOOL IS A COLLEGE-PREPARATORY SCHOOL DEDICATED TO ACADEMIC EXCELLENCE AND THE DEVELOPMENT OF WELL-ROUNDED YOUNG MEN OF STRONG MORAL CHARACTER, CONSISTENT WITH THE SCHOOL'S CHRISTIAN TRADITION. 0 0 9664531 12554053 EDUCATION GRADES 7-12 APPROXIMATELY 683 STUDENTS 2265216 2265216 FINANCIAL AID FOR STUDENTS IN GRADES 7-12 APPROXIMATELY 206 STUDENTS 11929747 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 61 0 1 180 1 0 0 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 2.00 X 0 0 0 ROBERT E LOEB 2.00 X 0 0 0 W THOMAS HUTTON 2.00 X 0 0 0 DR R LOUIS ADAMS 2.00 X 0 0 0 SUKI B CARSON 2.00 X 0 0 0 SAMUEL N GRAHAM II 2.00 X 0 0 0 MARK J HALPERIN 2.00 X 0 0 0 JOSEPH R HYDE III 2.00 X 0 0 0 E CARL KRAUSNICK JR 2.00 X 0 0 0 ANDREW R MCCARROLL 2.00 X 0 0 0 JOHNNY B MOORE JR 2.00 X 0 0 0 RICHARD C MOOREJR 2.00 X 0 0 0 JOSEPH M MORRISON 2.00 X 0 0 0 DR WILEY T ROBINSON 2.00 X 0 0 0 CHARLES F SMITH JR 2.00 X 0 0 0 OWEN B TABOR JR 2.00 X 0 0 0 GARY K WUNDERLICH JR 2.00 X 0 0 0 D STEPHEN MORROW 2.00 X 0 0 0 JAMES F BURNETT 2.00 X 0 0 0 CHRIS R SANDERS 2.00 X 0 0 0 WILLIAM ETROUTT 2.00 X 0 0 0 DR GLENN A CROSBY II 2.00 X 0 0 0 MR ROBERT M FOCKLER 2.00 X 0 0 0 MR J BRETT GRINDER 2.00 X 0 0 0 FREDERICK C SCHAEFFER JR 2.00 X 0 0 0 ELLIS HAGUEWOOD 40.00 X 232813 0 16834 RANKIN FOWLKES 40.00 X 129097 0 11317 PERRY DEMENT 40.00 X 131507 0 11407 BOBBY ALSTON 40.00 X 121852 0 11168 BRIAN K SMITH 40.00 X 109013 0 10411 724282 0 61137 5 0 1 0 HUMANA 6075 POPLAR SUITE 221 MEMPHIS TN 38119 HEALTH BENEFITS 578627 GRINDER 1919 LYNFIELD MEMPHIS TN 38119 CONSTRUCTION 184013 FIELDTURF 8088 MONTVIEW ROAD MONTREAL QUEBEC CA H4P 2L7 FOOTBALL FIELD TURF 178419 TN BOOK COMPANY 1550 HEIL QUAKER RAOD LA VERGNE TN 37086 BOOKS 159250 CLARION SECURITY 5498 POPLAR SUITE 3 MEMPHIS TN 38119 SECURITY 133787 6 3500750 164203 3500750 TUITION & FEES 611600 12481250 12481250 STUDENT ACTIVITIES REVENUE 611710 180550 180550 ATHLETICS/CAMPS 611710 163558 163558 AUXILLIARY/INSTRUCTION REVENUE 611600 141920 141920 CAFETERIA 611710 34712 34712 13001990 519454 519454 6600 0 6600 6600 6600 5099186 4400930 698256 698256 698256 374143 307940 66203 66203 VENDING MACHINE 523000 6331 6331 6331 17799584 12554053 0 1744781 2265216 2265216 397818 51367 346451 6944055 4839057 1459412 645586 283599 283599 663687 663687 551232 413424 137808 41564 41564 41238 41238 75964 75964 59845 59845 696007 178638 213196 304173 789194 635665 153529 20946 20946 1607 1607 493082 493082 1286471 1286471 155849 112640 37547 5662 AUXILIARY EXPENSES 881241 881241 INSTRUCTION & STUDENT A 782581 704731 77850 MISCELLANEOUS 73296 2170 71126 BOND COSTS 17881 17881 17189 17189 16539562 11929747 3614652 995163 1980483 1758120 4302739 7078415 1532934 1348193 122913 30024 357420 397307 38862 13174 44264138 18268499 24600105 25995639 23726465 25283630 171016 146393 56832937 62050895 455690 512074 11884120 11470949 5952663 5994409 18292473 17977432 X 31975347 38453048 1735301 656789 4829816 4963626 38540464 44073463 56832937 62050895 X 1260022 4272975 2 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 24754985 1128502 5267078 1955000 29195565 26396112 204593 -178644 1667076 24754985 22379593 702057 5156223 1841761 26396112 19509650 770821 3609732 1510610 22379593 22418645 771842 -2387787 1293050 19509650 0.83000 0.17000 0 0 281637 281637 29099245 13034015 16065230 3530480 2139032 1391448 11352776 3095452 8257324 25995639 ADVANCE COLLECTION 5881631 FUNDS HELD IN TRUST 99724 OTHER LIABILITIES 13054 5994409 20350681 4272975 309052 4582027 15768654 2030930 2030930 17799584 14817682 309052 309052 14508630 2030932 2030932 16539562 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: 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 STATEMENT 307,940. REALIZED LOSS SHOWN NET OF GAIN IN 990 1,112. PART XI, LINE 4B - OTHER ADJUSTMENTS: TRUST INVESTMENT EXPENSE 75,964. FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 1,954,966. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENT 307,940. REALIZED LOSS SHOWN NET OF GAIN IN 990 1,112. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRUST INVESTMENT EXPENSE 75,964. FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 1,954,966. ROUNDING 2. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION 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 206 2265216 X X 1 1 X 0 0 0 0 0 0 0 0 0 ELLIS HAGUEWOOD 232813 0 0 0 0 0 12000 0 4834 0 249647 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 420000 11595000 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 W THOMAS HUTTON BOARD MEMBER IS A PARTNER IN THE LAW FIRM 22290 LEGAL SERVICES 0 D STEPHEN MORROW P TROWBRIDGE GI TWO BOARD MEMBERS SERVE ON THE BOARD OF TRUSTEES 68922 INVESTMENT SERVICES 0 COLLIE KRAUSNICK ON BOARD OF TRUSTEES 25 INVESTMENT SERVICES 0 MR BRETT GRINDER BOARD MEMBER IS OWNER 825127 CONSTRUCTION SERVICES 0 RICHARD C MOORE BOARD MEMEMBER IS CEO CONSTRUCTION SERVICES 0 X 13 164203 FAIR MARKET VALUE 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ROUNDING 2.