UNIVERSITY OF MEMPHIS FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MEMPHIS FOUNDATION (EIN 62-6048540)
- Tax period
- 2010-07-01 to 2011-06-30
- Filed
- 2012-03-01
- IRS object ID
- 201230619349302103
- Schema version
- 2010v3.4
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule J
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-03-01T12:24:28-06:00 | Timestamp |
| Tax Period End Date | 2011-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MHM THOMPSON DUNAVANT | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 5100 POPLAR AVENUE THIRTIETH FLOOR | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38137 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 626048540 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MEMPHIS FOUNDATION CO LARRY BUNCH | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | UNIV | NameControl |
| Phone | 9016783255 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 635 NORMAL STREET ALUMNI CENTER NO | AddressLine1 |
| Address Line2 | 108 | AddressLine2 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38152 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | LARRY BUNCH | Name |
| Title | MANAGING DIRECTOR | Title |
| Phone | 9016783255 | Phone |
| Date Signed | 2012-03-01 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MARK E GROCHAU | Name |
| Phone | 9016855575 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | LARRY BUNCH | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 107 ALUMNI CENTER | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38152 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 45872607 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.MEMPHIS.EDU/ADVANCE/FOUNDATION/ | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1964 | YearFormation |
| State Legal Domicile | TN | StateLegalDomicile |
| Activity Or Mission Description | FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 34 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 34 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | -170610 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -170610 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 16977596 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 17642126 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | -360067 | InvestmentIncomePriorYear |
| Investment Income Current Year | 2248347 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 360573 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1514518 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 16978102 | TotalRevenuePriorYear |
| Total Revenue Current Year | 21404991 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 0 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 26081476 | OtherExpensePriorYear |
| Other Expenses Current Year | 23399950 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 26081476 | TotalExpensesPriorYear |
| Total Expenses Current Year | 23399950 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | -9103374 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -1994959 | RevenuesLessExpensesCY |
| Total Assets BOY | 108267950 | TotalAssetsBOY |
| Total Assets EOY | 112475693 | TotalAssetsEOY |
| Total Liabilities BOY | 11781332 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 10323910 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 96486618 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 102151783 | NetAssetsOrFundBalancesEOY |
| Mission Description | THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 22020321 | Expense |
| Description | 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. | Description |
| Total Program Service Expense | 22020321 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 1 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 0 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 1 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 0 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 34 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 34 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 0 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TARIT LIMPORNPUGDEE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9016783950 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 635 NORMAL STREET ALUMNI CENTER | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38152 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (40 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee |
|---|---|---|---|---|---|---|---|
| MR JAMES AYERS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR DAVID WEDAMAN | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MS AMY RHODES | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR STEPHEN C REYNOLDS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR MICHAEL D ROSE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR GARY SHORB | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MRS RITA T SPARKS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR JOE PEPE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MS C WILLIAMS-BENNETT | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR DAVE FERRARO | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MS ANISE BELZ | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR HILLIARD CREWS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE HON PAULETTE DELK | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR DON HUTSON | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES LACKIE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR JOE ORGILL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR ELLIOT PERRY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR DAVID PORTER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR PHIL TRENARY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| THE HON DIANE KVESCOVO | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR MICHAEL BRUNS | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR WILLIE H GREGORY SR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MS HELEN GRONAUER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR DAVID KUSTOFF | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MRJAMES E MCGEHEE JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| DR TRISH CALVERT RING | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR STEFAN SMITH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR RICHARD A SPELL | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR JAMES VINING | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR HARRY L SMITH | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR HERMAN ART GILLIAM JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR GARY HENLEY | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR DAVID C PERDUE | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR JOHN W STOKES JR | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MS LAURIE TUCKER | |||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | ||
| MR BEN C BRYANT JR | |||||||
| TREASURER | 1.00 | 0 | 0 | 0 | X | ||
| MR CHARLES BURKETT | |||||||
| PRESIDENT | 1.00 | 0 | 0 | 0 | X | ||
| MR JAMES THOMAS WATSON | |||||||
| VICE PRESIDENT | 1.00 | 0 | 0 | 0 | X | ||
| MR TOM KADIEN | |||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | ||
| MS JULIE JOHNSON | |||||||
| VP ADVANCEMENT | 40.00 | 0 | 166677 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 166677 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| PATTON & TAYLOR ENTERPRISES | |||||
| PO BOX 38409 | MEMPHIS | TN | 38183 | CONSTRUCTION | 2515052 |
| BARNES & BROWER INC | |||||
| 3787 OLD GETWELL RD | MEMPHIS | TN | 381186031 | CONSTRUCTION | 1156815 |
| 1220 EXHIBITS INC | |||||
| 3801 VULCAN DRIVE | NASHVILLE | TN | 372113382 | CONSTRUCTION | 631252 |
| SULLIVAN BRANDING | |||||
| 5111 SANDERLIN AVENUE | MEMPHIS | TN | 381174329 | MKTING & COMMUNICATION SVCS | 236675 |
| SORINEX EXERCISE EQUIPMENT | |||||
| STE PO BOX 121 | IRMO | SC | 290630121 | EQUIPMENT PROVIDER | 220603 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| All Other Contributions | 17642126 | AllOtherContributions |
| Noncash Contributions | 1409171 | NoncashContributions |
| Total Contributions | 17642126 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2490339 | TotalRevenueColumn |
| Exclusion | $2,490,339 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24225624 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 24467616 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -241992 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -241992 | TotalRevenueColumn |
| Exclusion | -$241,992 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| OTHER MISC INCOME | 611710 | 1685128 | 1685128 | |
| PASS-THROUGH | 531390 | -170610 | -170610 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1514518 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21404991 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1685128 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -170610 | UnrelatedBusinessRevenue |
| Exclusion | $2,248,347 | ExclusionAmount |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151431 | Total |
| Management And General | 151431 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNIVERSITY SUPPORT | Description |
| Total | 23248519 | Total |
| Program Services | 22020321 | ProgramServices |
| Management And General | 1228198 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23399950 | Total |
| Program Services | 22020321 | ProgramServices |
| Management And General | 1379629 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1198427 | BOY |
| EOY | 847622 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9091870 | BOY |
| EOY | 6726174 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1660042 | BOY |
| EOY | 102442 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 95550889 | BOY |
| EOY | 103995479 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 766722 | BOY |
| EOY | 803976 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108267950 | BOY |
| EOY | 112475693 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11765722 | BOY |
| EOY | 10323910 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15610 | BOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11781332 | BOY |
| EOY | 10323910 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8179135 | BOY |
| EOY | 9428996 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 39359707 | BOY |
| EOY | 39228395 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 48947776 | BOY |
| EOY | 53494392 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 96486618 | BOY |
| EOY | 102151783 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 108267950 | BOY |
| EOY | 112475693 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -1994959 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 7660124 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| College Support Org170b1 Aiv | X | CollegeSupportOrg170b1Aiv |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 19788712 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22543950 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20377642 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16977596 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17642126 | CurrentTaxYear |
| Total | 97330026 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 19788712 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 22543950 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 20377642 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 16977596 | CurrentTaxYearMinus1Year |
| Current Tax Year | 17642126 | CurrentTaxYear |
| Total | 97330026 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5522219 | AmountsSubstContributorsTotal |
| Public Support Total170 | 91807807 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2399274 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2557246 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1629952 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1566486 | CurrentTaxYearMinus1Year |
| Current Tax Year | 2490339 | CurrentTaxYear |
| Total | 10643297 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 107973323 | TotalSupport |
| Public Support Pertcentage170 | 0.85030 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.84240 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 0 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 1 | MailingsMembers |
| Mailings Members | $3,038 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $208,002 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 1 | RalliesDemonstrations |
| Rallies Demonstrations | $3,000 | RalliesDemonstrationsAmount |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 214040 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Schedule D IRS990ScheduleD
Art Public Exhibition Amts ArtPublicExhibitionAmts
| Field | Value | IRS element (for citing) |
|---|---|---|
| Assets In Part X | 345623 | AssetsInPartX |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collect Used For Public Exhibition | X | CollectUsedForPublicExhibition |
| Collect Used For Scholar Research | X | CollectUsedForScholarResearch |
| Collect Used For Preservation | X | CollectUsedForPreservation |
| Collect Used For Loan Or Exch Prgrms | X | CollectUsedForLoanOrExchPrgrms |
Collection Used For Other CollectionUsedForOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Collection Used For Other Purposes | X | CollectionUsedForOtherPurposes |
| Description Of Other Purposes | CLASSROOM INSTRUCTION | DescriptionOfOtherPurposes |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Solicited Assets For Sale | 0 | SolicitedAssetsForSale |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 61478602 | BeginningOfYearBalance |
| Contributions | 3266240 | Contributions |
| Investment Earnings Or Losses | 8770371 | InvestmentEarningsOrLosses |
| Other Expenditures | 2646042 | OtherExpenditures |
| End Of Year Balance | 70869171 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 55400777 | BeginningOfYearBalance |
| Contributions | 2457284 | Contributions |
| Investment Earnings Or Losses | 6166098 | InvestmentEarningsOrLosses |
| Other Expenditures | 2545557 | OtherExpenditures |
| End Of Year Balance | 61478602 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 68951929 | BeginningOfYearBalance |
| Contributions | 3079542 | Contributions |
| Investment Earnings Or Losses | -14236607 | InvestmentEarningsOrLosses |
| Other Expenditures | 2394087 | OtherExpenditures |
| End Of Year Balance | 55400777 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.07200 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.92800 | PermanentEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
| Total Of Book Value Land Buildings | 0 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (6 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| MONEY MARKET FUNDS | 3121051 | F |
| LIMITED PARTNERSHIPS & LLCS | 31814577 | F |
| COMMON/COLLECTIVE TRUST FUNDS EQUITIES | 6454178 | F |
| MUTUAL FUNDS | 62453211 | F |
| US GOVERNMENT SECURITES | 41602 | F |
| CORPORATE BONDS | 110860 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 103995479 | TotalOfBookValueSecurities |
| Total Revenue | 21404991 | TotalRevenue |
| Total Expenses | 23399950 | TotalExpenses |
| Excess Or Deficit For Year | -1994959 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 7660124 | NetUnrealizedGLOnInvestments |
| Total Adjustments | 7660124 | TotalAdjustments |
| Excess Or Deficit Per FS | 5665165 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 28896100 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 7660125 | NetUnrealizedGainsInvestments |
| Other Revenues | -169016 | OtherRevenues |
| Revenue Not Rptd F990 | 7491109 | RevenueNotRptdF990 |
| Revenue Subtotal | 21404991 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 21404991 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 23230935 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | -169016 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | -169016 | ExpensesNotRptdF990 |
| Expenses Subtotal | 23399951 | ExpensesSubtotal |
| Other Expenses Not Included | -1 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | -1 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 23399950 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| PART III, LINE 4: | EGYPTIAN RELATED ART AND ARTIFACTS USED FOR EDUCATIONAL PURPOSES. | |
| BAD DEBT EXPENSE -169,016. | PART XII, LINE 2D - OTHER ADJUSTMENTS: | |
| BAD DEBT EXPENSE -169,016. | PART XIII, LINE 2D - OTHER ADJUSTMENTS: | |
| ROUNDING -1. | PART XIII, LINE 4B - OTHER ADJUSTMENTS: |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MS JULIE JOHNSON | NamePerson |
| Base Compensation Filing Org | 0 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 166677 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 0 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 0 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 0 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 0 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 166677 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 1409171 | NoncashContribsRptdF990 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE 990 IS REVIEWED BY THE MANAGING DIRECTOR AND EXECUTIVE DIRECTOR. | |
| THIS POLICY IS MONITORED AND ENFORCED BY THE UNIVERSITY OF MEMPHIS FOUNDATION'S OFFICERS AND EMPLOYEES. | FORM 990, PART VI, SECTION B, LINE 12C | |
| 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 B, LINE 15 | |
| 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 WEBSITE FOR ORGANIZATION. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 7,660,124. | FORM 990, PART XI, LINE 5: |
| THERE IS NO CHANGE FROM PRIOR YEAR. | PART XII LINE 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | UNIVERSITY OF MEMPHIS | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3720 ALUMNI AVENUE | AddressLine1 |
| City | MEMPHIS | City |
| State | TN | State |
| ZIP Code | 38152 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 620648618 | EIN |
| Primary Activities | PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITIES | PrimaryActivities |
| Legal Domicile State | TN | LegalDomicileState |
| Exempt Code Section | 501(C)(3) | ExemptCodeSection |
| Controlled Org | 0 | ControlledOrg |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 1 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 1 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (2 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved |
|---|---|
| UNIVERSITY OF MEMPHIS | |
| O | 23248519 |
| UNIVERSITY OF MEMPHIS | |
| R | 13572 |
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