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← UNIVERSITY OF MEMPHIS FOUNDATION

Form 990 for tax year 2022

Filed by UNIVERSITY OF MEMPHIS FOUNDATION.

Totals

Total revenue
$47,641,079
Total expenses
$32,781,998
Contributions and grants received
$43,126,201
Grants paid
$12,684,362
Program services expenses (Part IX)
$31,480,203
Management and general expenses
$1,301,795
Fundraising expenses
$0
Program service expenses (Part III)
$31,480,203

Program services were 96.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • FRED TOWLER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID TATE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • JOHN WILFONG

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DOUGLAS SCARBORO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • HARRY L SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUDHIR AGRAWAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RENE BUSTAMANTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GLYNNA CHRISTIAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TYREE DANIELS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TANYA L HART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAAJKUMAR KURAPATI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 41 related

  • DAPHNE LARGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • REGINALD PORTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN ROBINSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DR BILL HARDGRAVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MONICA WHARTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HOLLY FORD

    FOUNDATION CEO

    Total calculated
    $207,472
    From this org
    $0
    From related orgs
    $166,715
    Other
    $40,757
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,715 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,347 related
    Nontaxable benefits
    $0 + $11,410 related
    Filer's total
    $0 + $207,472 related

  • MARK NICELL

    FOUNDATION CBO

    Total calculated
    $51,777
    From this org
    $0
    From related orgs
    $47,101
    Other
    $4,676
    Hours/week
    20 + 20 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202441369349312794

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