2021-03-02T17:13:09-06:00 2020-06-30 620428728 REYNOLDS BONE & GRIESBECK PLC 5100 WHEELIS DRIVE SUITE 300 MEMPHIS TN 381174568 990 2019-07-01 626048540 UNIVERSITY OF MEMPHIS FOUNDATION UNIV 9016783956 635 NORMAL ST ALUMNI CENTER NO 1 MEMPHIS TN 38152 BYRON MORGAN MANAGING DIRECTOR 9016783956 2021-02-26 1 KELLY S CROW P01519168 9016822431 2021-02-05 2019 2022-09-23 18:48:47Z BYRON MORGAN 635 NORMAL ST ALUMNI CENTER NO 108 MEMPHIS TN 38152 242023249 0 X WWW.MEMPHIS.EDU/FOUNDATION/ X 1964 TN THE FOUNDATION ACCEPTS AND ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS. 17 14 0 14 167227 0 26506516 12330221 0 0 2268549 4952521 7245932 5792979 36020997 23075721 11011021 6847457 0 0 1412553 1715984 0 0 0 22871273 17691932 35294847 26255373 726150 -3179652 152560360 142154480 10008898 7678568 142551462 134475912 THE FOUNDATION ACCEPTS AND ADMINISTERS PRIVATE SUPPORT TO THE UNVERSITY OF MEMPHIS. 0 0 25238715 6847457 5792979 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. 25238715 1 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 212 0 1 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 17 14 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CAROLYN STANLEY 9016783950 635 NORMAL STREET ALUMNI CENTER RM MEMPHIS TN 38152 X HARRY L SMITH PRESIDENT 1.00 X X 0 0 0 FRED TOWLER VICE PRESIDENT 1.00 X X 0 0 0 JOHN WILFONG SECRETARY 1.00 X X 0 0 0 DAVID C PERDUE TREASURER 1.00 X X 0 0 0 JUDITH EDGE DIRECTOR 1.00 X 0 0 0 ROBERT F FOGELMAN DIRECTOR 1.00 X 0 0 0 TANYA L HART DIRECTOR 1.00 X 0 0 0 FRED HODGES DIRECTOR 1.00 X 0 0 0 RAAJKUMAR KURAPATI DIRECTOR 1.00 X 0 0 0 JAMES D LACKIE DIRECTOR 1.00 X 0 0 0 JASON LITTLE DIRECTOR 1.00 X 0 0 0 JOHN ROBINSON DIRECTOR 1.00 X 0 0 0 DR M DAVID RUDD DIRECTOR 1.00 X 0 0 0 DR DOUGLAS SCARBORO DIRECTOR 1.00 X 0 0 0 DAVID TATE DIRECTOR 1.00 X 0 0 0 MONICA WHARTON DIRECTOR 1.00 X 0 0 0 JAMES WIERTELAK DIRECTOR 1.00 X 0 0 0 BYRON MORGAN MANAGING DIRECTOR 40.00 X 0 133645 17144 CAROLYN STANLEY FOUNDATION DIRECTOR 40.00 X 0 99161 17088 0 232806 34232 1 0 1 0 CAMBRIDGE ASSOCIATES LLC PO BOX 412015 BOSTON MA 02241 INVESTMENT MGMT FEE 305876 ONE DIVERSIFIED LLC 385 MARKET STREET KENILWORTH NJ 07033 CONSTRUCTION 301978 G3SE LLC 4600 MCAULEY PL FL 4 BLUE ASH OH 45242 TOUR MGMT FEES 232490 ANDREW BETTIS AVIATION LLC 2930 WINCHESTER RD STE 500 MEMPHIS TN 38118 FLIGHT SERVICES 213457 HOMETRONIX OF ARKANSAS LLC 335 W PARKER RD BOSTON MA 02241 CONSTRUCTION 100144 5 12330221 721596 12330221 2678420 167227 2511193 221221629 218947528 2274101 2274101 2274101 MISCELLANEOUS REVENUE 611710 5792979 5792979 5792979 23075721 5792979 167227 4785294 X 6148432 6148432 699025 699025 267038 267038 1336250 1142043 194207 112696 112696 4240 4240 29664 29664 399728 399728 77376 77376 1344 1344 6248 6248 1879 1879 252 252 424312 424312 25371 25371 UNIVERSITY SUPPORT - SE 17249215 17249215 OTHER EXPENSES 100 100 BAD DEBT RECOVERY -527797 -527797 26255373 25238715 1016658 0 591801 4666916 18504231 9161705 86693266 105369030 46410552 22634309 360510 322520 152560360 142154480 9860411 7529643 148487 148925 10008898 7678568 X 6007712 2157645 136543750 132318267 142551462 134475912 152560360 142154480 -3179652 -5112717 216819 0 X X 0 1 X 1 0 X 28195931 17839991 21584852 26506517 12330221 106457512 28195931 17839991 21584852 26506517 12330221 106457512 26182163 80275349 1215920 1615636 2281306 3344484 2678420 11135766 5792979 5792979 123386257 0.65060 0.75300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 102828605 2523525 -3520946 5342978 96488206 99857196 4478136 1358203 2864930 102828605 96970031 3666417 2108987 2888239 99857196 87471476 2685194 10778303 3964942 96970031 93823831 3060881 -5939533 3473703 87471476 0.00000 0.86240 0.13760 0 0 0 LIMITED PARTNERSHIPS & LLC'S 22634309 F 22634309 GIFT ANNUITY OBLIGATIONS 148925 148925 X 17780095 -5112717 216819 -4895898 22675993 399728 399728 23075721 25855645 0 25855645 399728 399728 26255373 PART V, LINE 4: THE UNIVERSITY OF MEMPHIS FOUNDATION'S (FOUNDATION) ENDOWMENT ACCOUNTS CONSIST OF DONOR-RESTRICTED ENDOWMENT FUNDS AND INCLUDE APPROXIMATELY 580 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. AS REQUIRED BY U.S. GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. THE BOARD OF DIRECTORS OF THE 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 NET ASSETS WITH DONOR RESTRICTIONS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERPETUAL ENDOWMENT FUNDS AND (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERPETUAL ENDOWMENT FUNDS. 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 X, LINE 2: IN ACCORDANCE WITH U.S. GAAP, IF APPLICABLE, THE FOUNDATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS AS INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. NO AMOUNTS HAVE BEEN RECOGNIZED IN OPERATING EXPENSES FOR 2020 OR 2019. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING AUTHORITIES; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED IN INVESTMENT INCOME 399,728. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED IN INVESTMENT INCOME 399,728. 1 UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 501(C) 6148432 SCHOLARSHIPS 1 AWARDS 242 699025 PART I, LINE 2: THE FOUNDATION MAKES FUNDS AVAILABLE TO THE UNIVERSITY OF MEMPHIS. THE UNIVERSITY SELECTS RECIPIENTS IN ACCORDANCE WITH DONOR INSTRUCTIONS. X 0 0 0 0 0 0 0 0 0 BYRON MORGAN MANAGING DIRECTOR 0 133645 0 0 0 0 0 0 0 17144 0 150789 0 0 X 17 721596 FAIR MARKET VALUE 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 A, LINE 2 RAAJ KURAPATI AND DAVID RUDD MAINTAIN A BUSINESS RELATIONSHIP DUE TO THEIR MUTUAL EMPLOYMENT AT THE UNIVERSITY OF MEMPHIS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE MANAGING DIRECTOR AND THE FOUNDATION DIRECTOR PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE 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 ORGANIZATION'S WEBSITE. FORM 990, PART V, LINE 2B THE UNIVERSITY OF MEMPHIS FOUNDATION (UMF) REIMBURSES THE UNIVERSITY OF MEMPHIS (EIN 62-0648618) FOR THE COMPENSATION AND BENEFITS OF UMF'S MANAGING DIRECTOR AND OTHER EMPLOYEES. THEREFORE, THE FORM W-3 IS FILED BY THE UNIVERSITY OF MEMPHIS. FORM 990, PART IX, LINE 24A - UNIVERSITY SUPPORT DETAIL MOVING EXPENSES 7,705 CONFERENCES AND TRAVEL 140,210 SUPPLIES 540,607 POSTAGE 15,441 PRINTING 160,529 TELEPHONE AND COMMUNICATIONS 5,956 MAINTENANCE AND REPAIRS 959 ANNUITY EXPENSES 17,425 PROFESSIONAL SERVICES 1,347,064 PUBLICITY/PUBLIC RELATIONS 2,278,164 RENTAL FEES 124,544 INSURANCE OTHER 16,013 OTHER EXPENSES 3,517,498 DUES MEMBERSHIPS SUBSCRIPTIONS 275,833 MEALS AND ENTERTAINMENT 654,026 TICKETS 14,283 SPONSORSHIPS AND DONATIONS 76,916 GIFTS AND FLOWERS 53,301 FEES 592,029 HONORARIUMS 14,000 UNIVERSITY SUPPORT & ADVANC. 2,086,121 SPECIAL PROJECTS 3,677,737 FURNITURE AND EQUIPMENT 643,908 CAPITAL IMPROVEMENTS 988,946 TOTAL - UNIVERSITY SUPPORT 17,249,215 FORM 990, SCHEDULE G THE UNIVERSITY OF MEMPHIS FOUNDATION NO LONGER CONDUCTS ANY FUNDRAISING ACTIVITIES. ALL FUNDRAISING IS CONDUCTED BY THE UNIVERSITY OF MEMPHIS. UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITIES TN 501(C) 0 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 UNIVERSITY OF MEMPHIS B 6148432 CASH UNIVERSITY OF MEMPHIS E 5083330 CASH UNIVERSITY OF MEMPHIS D 8067510 CASH UNIVERSITY OF MEMPHIS M 216819 FAIR MARKET VALUE UNIVERSITY OF MEMPHIS R 19810698 CASH