- Revenue 2023
- $4,504,661
- Expenses 2023
- $2,785,115
Program services were 95.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
As filed
- Subsection
- 03
- NTEE code
- B11
- Classification
- 1000
- Street
- 570 NORMAL ST
These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).
Officers and directors · 2023
As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.
-
Rick Spell
President
- Total calculated
- $0
- Hours/week
- 1
-
John Hartney
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Fred Towler
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Rene Bustamante
U of M COO/CFO
- Total calculated
- $0
- Hours/week
- 2 + 35.5 related
-
Dr Bill Hardgrave
UofM President
- Total calculated
- $731,900
- From this org
- $0
- From related orgs
- $665,000
- Other
- $66,900
- Hours/week
- 1 + 36.5 related
Schedule J breakdown matched by us
- Base
- $0 + $650,000 related
- Bonus
- $0
- Other
- $0 + $15,000 related
- Deferred
- $0 + $16,900 related
- Nontaxable benefits
- $0 + $50,000 related
- Filer's total
- $0 + $731,900 related
-
Raaj Kurapati
UofM CFO
- Total calculated
- $353,579
- From this org
- $0
- From related orgs
- $306,360
- Other
- $47,219
- Hours/week
- 2 + 35.5 related
Schedule J breakdown matched by us
- Base
- $0 + $271,360 related
- Bonus
- $0 + $35,000 related
- Other
- $0
- Deferred
- $0 + $28,417 related
- Nontaxable benefits
- $0 + $18,802 related
- Filer's total
- $0 + $353,579 related
-
Greg DuBois
UofM Interim CFO
- Total calculated
- $0
- Hours/week
- 2 + 35.5 related
-
Haley Prewett
CFO, ASF
- Total calculated
- $0
- Hours/week
- 7.5 + 32 related
-
Jeff Crane
Executive Director, ASF
- Total calculated
- $280,776
- From this org
- $0
- From related orgs
- $226,125
- Other
- $54,651
- Hours/week
- 3.75 + 33.75 related
Schedule J breakdown matched by us
- Base
- $0 + $221,125 related
- Bonus
- $0 + $5,000 related
- Other
- $0
- Deferred
- $0 + $31,657 related
- Nontaxable benefits
- $0 + $22,994 related
- Filer's total
- $0 + $280,776 related
-
Steve McDaniel
Retained Legal Counsel
- Total calculated
- $11,460
- From this org
- $11,460
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2 + 38 related
-
Andrew Roberts
Executive Director, ASF
- Total calculated
- $155,410
- From this org
- $0
- From related orgs
- $117,027
- Other
- $38,383
- Hours/week
- 7.5 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $117,027 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $17,483 related
- Nontaxable benefits
- $0 + $20,900 related
- Filer's total
- $0 + $155,410 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. Earlier years are each on their own filing page.
Filings
-
2023
- Revenue
- $4,504,661
- Expenses
- $2,785,115
- Contributions
- $4,185,627
- Grants paid
- $2,647,086
-
2022
- Revenue
- $11,399,989
- Expenses
- $14,312,536
- Contributions
- $11,122,088
- Grants paid
- $14,181,795
The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.
Grants made
-
$14,181,795
2022 ADMINISTER UNIVERSITY OPERATIONS AND EDUCATIONAL SERVICES.
-
$2,647,086
2023 Administer University operations and educational services.
Grants received
No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.
Related organizations
From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.
Declared on its 2023 return
-
501(c)(3) · Providing high quality education opportunities · TN
-
501(c)(3) · Administers support to the University of Memphis · TN
-
The University of Memphis Research Foundation
501(c)(3) · Encourage, promote, and aid the fulfillment of education and research · TN
Declared as related by
-
UNIVERSITY OF MEMPHIS RESEARCHFOUNDATION
On its 2024 return
-
UNIVERSITY OF MEMPHIS FOUNDATION
On its 2024 return
Other IRS files
Auto-Revocation List
Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.
Publication 78
Listed as of 10 September 2026, under deductibility PC.
These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.