UNIVERSITY OF MEMPHIS FOUNDATION: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- UNIVERSITY OF MEMPHIS FOUNDATION (EIN 62-6048540)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-03-15
- IRS object ID
- 201130769349300803
- Schema version
- 2009v1.7
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-03-15T10:11:18-05:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Thompson Dunavant PLC | 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 | 2009-07-01 | 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 | 2011-03-16 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Mark E Grochau CPA | Name |
| Phone | 9016855575 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | 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 | 64380405 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| 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 | 49 | TotalNbrVolunteers |
| Total Gross UBI | -98642 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | -98642 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 20377642 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 16977596 | ContributionsGrantsCurrentYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 2239470 | InvestmentIncomePriorYear |
| Investment Income Current Year | -360067 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 1546406 | OtherRevenuePriorYear |
| Other Revenue Current Year | 360573 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 24163518 | TotalRevenuePriorYear |
| Total Revenue Current Year | 16978102 | TotalRevenueCurrentYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Current Year | 0 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 20703863 | OtherExpensePriorYear |
| Other Expenses Current Year | 26081476 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 20703863 | TotalExpensesPriorYear |
| Total Expenses Current Year | 26081476 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3459655 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -9103374 | RevenuesLessExpensesCY |
| Total Assets BOY | 107945770 | TotalAssetsBOY |
| Total Assets EOY | 108267950 | TotalAssetsEOY |
| Total Liabilities BOY | 9350155 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 11781332 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 98595615 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 96486618 | NetAssetsOrFundBalancesEOY |
| Mission Description | The Foundation accepts and administers private support to The University of Memphis. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 24788291 | 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 | 24788291 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 1 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| 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 | 0 | 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 |
| 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 | 1 | NonDeductibleContributions |
| Non Deductible Disclosure | 1 | NonDeductibleDisclosure |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| 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 | Sabrina Leatherwood | 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 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | X | NoListedPersonsCompensated |
Form990 Part VII Section A Form990PartVIISectionA (39 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer |
|---|---|---|---|---|---|---|
| MR JAMES AYERS | ||||||
| Trustee | 1.00 | X | 0 | 0 | 0 | |
| MR DAVID WEDAMAN | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR BRAD MARTIN | ||||||
| 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 | |
| MR GARY HENLEY | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MRS RITA T SPARKS | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR KENNETH MAY | ||||||
| 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 TOM KADIEN | ||||||
| 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 L VINING | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR HARRY L SMITH | ||||||
| TRUSTEE | 1.00 | X | 0 | 0 | 0 | |
| MR JOHN W STOKES JR | ||||||
| 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 | ||||||
| SECRETARY | 1.00 | 0 | 0 | 0 | X | |
| MR DAVID J BRONCZEK | ||||||
| Vice PRESIDENT | 1.00 | 0 | 0 | 0 | X | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 0 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 0 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 0 | 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 | 1730776 |
| FLINTCO INC | |||||
| 2179 HILLSHIRE CR | MEMPHIS | TN | 38133 | CONSTRUCTION | 1634356 |
| EAGLE GOLF & ATHLETICS | |||||
| PO BOX 1150 | FLORENCE | AL | 385631115 | CONSTRUCTION | 659938 |
| TENNIS CLUB OF MEMPHIS | |||||
| 5111 SANDERLIN AVENUE | MEMPHIS | TN | 381174329 | CONSTRUCTION | 296724 |
| VAN SCOYOC ASSOCIATES | |||||
| STE 600W 101 CONSTITUTION AVE NW | WASHINGTON | DC | 20001 | LOBBYING | 132000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 5 | NumberOfContractorsGT100K |
| All Other Contributions | 16977596 | AllOtherContributions |
| Noncash Contributions | 359993 | NoncashContributions |
| Total Contributions | 16977596 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1566486 | TotalRevenueColumn |
| Exclusion | $1,566,486 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 45475750 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 47402303 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -1926553 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -1926553 | TotalRevenueColumn |
| Exclusion | -$1,926,553 | 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 | 459215 | 459215 | |
| PASS-THROUGH | 531390 | -98642 | -98642 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 360573 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 16978102 | TotalRevenueColumn |
| Related Or Exempt Function Income | 459215 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | -98642 | UnrelatedBusinessRevenue |
| Exclusion | -$360,067 | ExclusionAmount |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 191030 | Total |
| Management And General | 191030 | ManagementAndGeneral |
Other Expenses OtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | UNIVERSITY SUPPORT | Description |
| Total | 25890446 | Total |
| Program Services | 24788291 | ProgramServices |
| Management And General | 1102155 | ManagementAndGeneral |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 26081476 | Total |
| Program Services | 24788291 | ProgramServices |
| Management And General | 1293185 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 380384 | BOY |
| EOY | 1198427 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14956057 | BOY |
| EOY | 9091870 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 1660042 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 91726751 | BOY |
| EOY | 95550889 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 882578 | BOY |
| EOY | 766722 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107945770 | BOY |
| EOY | 108267950 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8667219 | BOY |
| EOY | 11765722 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 83568 | BOY |
| EOY | 15610 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 599368 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9350155 | BOY |
| EOY | 11781332 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6630570 | BOY |
| EOY | 8179135 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 47474744 | BOY |
| EOY | 39359707 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 44490301 | BOY |
| EOY | 48947776 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 98595615 | BOY |
| EOY | 96486618 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 107945770 | BOY |
| EOY | 108267950 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| 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 | 11816029 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 19788712 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 22543950 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 20377642 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16977596 | CurrentTaxYear |
| Total | 91503929 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 11816029 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 19788712 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 22543950 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 20377642 | CurrentTaxYearMinus1Year |
| Current Tax Year | 16977596 | CurrentTaxYear |
| Total | 91503929 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 5485464 | AmountsSubstContributorsTotal |
| Public Support Total170 | 86018465 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 2450029 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 2399274 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2557246 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1629952 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1567427 | CurrentTaxYear |
| Total | 10603928 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 102107857 | TotalSupport |
| Public Support Pertcentage170 | 0.84240 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.71880 | 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 | $158 | MailingsMembersAmount |
| Publications Or Broadcast | 0 | PublicationsOrBroadcast |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $179,927 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 1 | RalliesDemonstrations |
| Rallies Demonstrations | $5,425 | RalliesDemonstrationsAmount |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 185510 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Schedule D IRS990ScheduleD
Held Works Of Art Amts HeldWorksOfArtAmts
| 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 | 55400777 | BeginningOfYearBalance |
| Contributions | 2457284 | Contributions |
| Investment Earnings Or Losses | 6166098 | InvestmentEarningsOrLosses |
| Other Expenditures | 2545557 | OtherExpenditures |
| End Of Year Balance | 61478602 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| 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 | 0.07800 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.92200 | 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 | 3662766 | F |
| LIMITED PARTNERSHIPS & LLCS | 24013259 | F |
| COMMON/COLLECTIVE TRUST FUNDS EQUITIES | 4978828 | F |
| MUTUAL FUNDS | 62720294 | F |
| US GOVERNMENT SECURITES | 38208 | F |
| CORPORATE BONDS | 137534 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 95550889 | TotalOfBookValueSecurities |
| Total Revenue | 16978102 | TotalRevenue |
| Total Expenses | 26081476 | TotalExpenses |
| Excess Or Deficit For Year | -9103374 | ExcessOrDeficitForYear |
| Other | $6,994,377 | OtherAmount |
| Total Adjustments | 6994377 | TotalAdjustments |
| Excess Or Deficit Per FS | -2108997 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 25440026 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 6994379 | NetUnrealizedGainsInvestments |
| Other Revenues | 1467547 | OtherRevenues |
| Revenue Not Rptd F990 | 8461926 | RevenueNotRptdF990 |
| Revenue Subtotal | 16978100 | RevenueSubtotal |
| Other Revenues Not Included | 2 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 2 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 16978102 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 27549023 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 1467547 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 1467547 | ExpensesNotRptdF990 |
| Expenses Subtotal | 26081476 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 26081476 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Part III, Line 4: | EGYPTIAN RELATED ART AND ARTIFACTS USED FOR EDUCATIONAL PURPOSES. |
| Part XI, Line 8 - Other Adjustments: | UNREALIZED GAIN IN INVESTMENTS: 6994379. ROUNDING: -2. |
| Part XII, Line 2d - Other Adjustments: | BAD DEBT EXPENSE: 1467547. |
| Part XII, Line 4b - Other Adjustments: | ROUNDING: 2. |
| Part XIII, Line 2d - Other Adjustments: | BAD DEBT EXPENSE: 1467547. |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 359993 | 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 (5 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| Form 990, Part VI, Section B, line 11 | THE 990 IS REVIEWED BY THE MANAGING DIRECTOR AND EXECUTIVE DIRECTOR. | |
| Form 990, Part VI, Section B, line 12c | THIS POLICY IS MONITORED AND ENFORCED BY THE UNIVERSITY OF MEMPHIS FOUNDATION'S OFFICERS AND EMPLOYEES. | |
| 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 website for organization. | |
| THERE IS NO CHANGE FROM PRIOR YEAR. | PART XI LINE 2C |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII (2 entries)
| Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Primary ActivitiesPrimaryActivities | Legal Domicile StateLegalDomicileState | Exempt Code SectionExemptCodeSection |
|---|---|---|---|---|---|---|---|
| UNIVERSITY OF MEMPHIS | |||||||
| 3720 ALUMNI AVENUE | MEMPHIS | TN | 38152 | 620648618 | PROVIDING HIGH QUALITY EDUCATIONAL OPPORTUNITIES | TN | |
| THE UNIVERSITY OF MEMPHIS BOARD OF VISITORS | |||||||
| 341 ADMINISTRATION BUILDING | MEMPHIS | TN | 38152 | SUPPORT THE UNIVERSITY OF MEMPHIS | TN | 501(c)(3) | |
| 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 | 25890446 |
| UNIVERSITY OF MEMPHIS | |
| R | 41076 |