2012-12-10T15:41:06-06:00 2012-07-31 560747981 DIXON HUGHES GOODMAN LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2011-08-01 620545618 MEMPHIS UNIVERSITY SCHOOL MEMP 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 RANKIN FOWLKES 9012601300 2012-12-10 1 CAROL A JOHNSON BISHOP P00196655 9017613000 2012-11-26 2011 2016-02-24 21:20:13Z RANKIN FOWLKES 6191 PARK AVENUE MEMPHIS TN 38119 17016441 0 X WWW.MUSOWLS.ORG X 1955 TN COLLEGE PREPARATORY SECONDARY SCHOOL FOR BOYS 25 25 184 100 0 0 3665164 1981378 11694589 12046992 1692701 928274 115411 33630 17167865 14990274 1889838 2040752 0 0 8245590 8587100 0 0 867774 5587748 5388877 15723176 16016729 1444689 -1026455 58415259 56832937 17826876 18292473 40588383 38540464 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 9665936 11587898 EDUCATION GRADES 7-12 APPROXIMATELY 661 STUDENTS 2040752 FINANCIAL AID FOR STUDENTS IN GRADES 7-12 APPROXIMATELY 178 STUDENTS 11706688 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 0 1 29 0 1 184 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 224421 0 16834 RANKIN FOWLKES 40.00 X 123365 0 11106 PERRY DEMENT 40.00 X 127895 0 11232 BOBBY ALSTON 40.00 X 116997 0 10938 BRIAN K SMITH 40.00 X 108949 0 10286 701627 0 60396 5 0 1 0 BLUE CROSS BLUE SHIELD 801 PINE STREET CHATTANOOGA TN 37402 HEALTH INSURANCE 360687 HUMANA 6075 POPLAR SUITE 221 MEMPHIS TN 38119 HEALTH INSURANCE 354750 FIELDTURF 8088 MONTVIEW ROAD MONTREAL QUEBEC CA H4P 2L7 FOOTBALL FIELD TURF 157500 CLARION SECURITY 5498 POPLAR SUITE 3 MEMPHIS TN 38119 SECURITY 138579 MCDR 5101 WHEELIS DRIVE SUITE 310 MEMPHIS TN 38117 BLEACHER PROJECT 113142 5 1981378 25755 1981378 TUITION AND FEES 611600 11563862 11563862 ATHLETICS/CAMP 611710 176981 176981 STUDENT ACTIVITIES 611710 172819 172819 AUXILLIARY/INSTRUCTION 611600 100214 100214 CAFETERIA REVENUE 611710 33116 33116 12046992 406608 406608 7200 0 7200 7200 7200 2229476 1707810 521666 521666 521666 342393 318357 24036 24036 VENDING MACHINE 523000 2394 2394 2394 14990274 11587898 0 1420998 2040752 2040752 395940 51367 344573 6729352 4712937 1427565 588850 284269 284269 648401 648401 529138 396853 132285 21943 21943 42430 42430 66764 66764 73835 73835 716476 303258 169527 243691 806658 652421 154237 19273 19273 4497 4497 516673 516673 1328060 1328060 112468 80997 26999 4472 AUXILIARY EXPENSES 824055 824055 INSTRUCTION & STUDENT A 757029 690700 66329 MISCELLANEOUS 45535 38544 6991 BAD DEBT 36000 36000 17181 17181 16016729 11706688 3442267 867774 1266792 1980483 5591675 4302739 1604413 1532934 161106 122913 118839 357420 24747 38862 41627797 17027692 25137135 24600105 24321364 23726465 189188 171016 58415259 56832937 241281 455690 12117291 11884120 5468304 5952663 17826876 18292473 X 34493756 31975347 1310301 1735301 4784326 4829816 40588383 38540464 58415259 56832937 X -1026455 -1021464 X 0 1 0 X 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 26396112 204593 -178644 1667076 24754985 22379593 702057 5156223 1841761 26396112 19509650 770821 3609732 1510610 22379593 22418645 771842 -2387787 1293050 19509650 0.80000 0.20000 0 0 281637 281637 28090846 12430332 15660514 3309508 1948686 1360822 9945806 2648674 7297132 24600105 ADVANCE COLLECTION 5861566 FUNDS HELD IN TRUST 84101 OTHER LIABILITIES 6996 5952663 14990274 16016729 -1026455 -1021465 1 -1021464 -2047919 14220402 -1021465 318357 -703108 14923510 66764 66764 14990274 16268321 318357 318357 15949964 66765 66765 16016729 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 8 - OTHER ADJUSTMENTS: ROUNDING 1. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENT 318,357. PART XII, LINE 4B - OTHER ADJUSTMENTS: TRUST INVESTMENT EXPENSE 66,764. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENT 318,357. PART XIII, LINE 4B - OTHER ADJUSTMENTS: TRUST INVESTMENT EXPENSE 66,764. 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 178 2040752 X X 1 1 X 0 0 0 0 0 0 0 0 0 ELLIS HAGUEWOOD 224421 0 0 0 0 0 12000 0 4834 0 241255 0 0 0 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 240000 12015000 107470 750000 11257543 1 0 1 1 0 0 0 0 1 0 0 0 0 0 0 W THOMAS HUTTON BOARD MEMBER IS A PARTNER IN THE LAW FIRM 14236 LEGAL SERVICES 0 D STEPHEN MORROW P TROWBRIDGE GI TWO BOARD MEMBERS SERVE ON THE BOARD OF TRUSTEES 64849 INVESTMENT SERVICES 0 COLLIE KRAUSNICK ON BOARD OF TRUSTEES 45 INVESTMENT SERVICES 0 RICHARD C MOORE JR BOARD MEMBER IS CHIEF EXECUTIVE OFFICER 0 CONSTRUCTION SERVICES 0 X 9 25755 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 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,021,465. ROUNDING 1. TOTAL TO FORM 990, PART XI, LINE 5: -1,021,464.