2024-05-15T15:27:07-05:00 2023-06-30 440160260 FORVIS LLP 500 RIDGEFIELD COURT ASHEVILLE NC 28806 990 2022-07-01 472335297 AUXILIARY SERVICES FOUNDATION AUXI 9015176749 635 NORMAL STREET MEMPHIS TN 38152 HOLLY FORD FOUNDATION CEO 9015176749 2024-05-15 1 HOLLY FORD 999009999 1 AMY BIBBY P00445891 8282542254 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD A SPELL 635 NORMAL STREET MEMPHIS TN 38152 11399989 0 X WWW.MEMPHIS.EDU/AUXILIARY/ X 2019 TN TO OPERATE AUXILIARY ENTERPRISES WHICH DIRECTLY BENEFIT THE UNIVERSITY OF MEMPHIS, AND ACCEPT, ADMINISTER, APPLY, AND USE PROPERTY ACQUIRED BY GIFT, GRANT, DEVISE, BEQUEST, OR OTHERWISE SOLELY FOR THE BENEFIT OF THE UNIVERSITY. 6 6 0 6 0 0 9806023 11122088 0 0 58469 277901 0 0 9864492 11399989 9519697 14181795 0 0 34182 58293 0 0 0 31860 72448 9585739 14312536 278753 -2912547 18678367 14202118 10909306 9244488 7769061 4957630 TO OPERATE AUXILIARY ENTERPRISES WHICH DIRECTLY BENEFIT THE UNIVERSITY OF MEMPHIS, AND ACCEPT, ADMINISTER, APPLY, AND USE PROPERTY ACQUIRED BY GIFT, GRANT, DEVISE, BEQUEST, OR OTHERWISE SOLELY FOR THE BENEFIT OF THE UNIVERSITY. 0 0 14181795 14181795 0 THE FOUNDATION'S BOARD OF DIRECTORS EXERCISES FINANCIAL OVERSIGHT AND REVIEWS AND APPROVES THE FINANCIAL ACTIVITY IN ACCORDANCE WITH THE ESTABLISHED BYLAWS. 14181795 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 TN X HOLLY FORD 9015176749 635 NORMAL STREET MEMPHIS TN 38152 RICHARD A SPELL PRESIDENT 1.00 X X 0 0 0 JOHN HARTNEY VICE PRESIDENT 1.00 X X 0 0 0 FRED A TOWLER SECRETARY 1.00 1.00 X X 0 0 0 RAAJKUMAR KURAPATI TREASURER 1.00 41.00 X X 0 0 0 TIM ARGO DIRECTOR 1.00 X 0 0 0 DR BILL HARDGRAVE DIRECTOR 1.00 1.00 X 0 0 0 HOLLY FORD FOUNDATION CEO 20.00 20.00 X 0 25007 6113 MARK NICELL FOUNDATION CBO 20.00 20.00 X 0 7065 701 0 32072 6814 0 0 0 0 0 10963688 158400 158400 11122088 277901 277901 11399989 0 0 277901 14181795 14181795 42907 42907 15386 15386 34918 34918 20998 20998 453 453 16079 16079 14312536 14181795 130741 0 62498 158307 16103851 8182842 737788 1517136 2468488 0 0 2468488 7874 7875 1766356 1867470 18678367 14202118 607181 640238 10302125 8604250 10909306 9244488 X 1445937 2902229 6323124 2055401 7769061 4957630 18678367 14202118 X -2912547 101116 X X 0 1 X 1 0 X 9281103 7495435 9158849 9806023 11122088 46863498 9281103 7495435 9158849 9806023 11122088 46863498 46863498 8474 115577 83674 58469 277901 544095 47407593 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2468488 2468488 2468488 CASH VALUE OF LIFE INSURANCE 380539 HISTORICAL DOCUMENT 750000 FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 736931 1867470 X 11501105 101116 101116 11399989 0 11399989 14312536 0 14312536 0 14312536 PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE FOUNDATION AS OTHER THAN A PRIVATE FOUNDATION, WHICH IS EXEMPT FROM FEDERAL INCOME TAXES ON ITS RELATED PURPOSE UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE AND IS SIMILARLY EXEMPT FROM STATE INCOME TAXES. CONSEQUENTLY, NO FEDERAL OR STATE INCOME TAXES HAVE BEEN PROVIDED FOR IN THESE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CASH SURRENDER VALUE 18,845. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 82,271. 1 THE UNIVERSITY OF MEMPHIS 3720 ALUMNI AVE MEMPHIS TN 38152 620648618 115 14181795 0 ADMINISTER UNIVERSITY OPERATIONS AND EDUCATIONAL SERVICES. 1 PART I, LINE 2: THE FOUNDATION OVERSEAS THE GRANT PROCESS AND WORKS WITH THE UNIVERSITY LEADERSHIP AND BOARD TO ENSURE THAT GRANTS ARE UTILIZED FOR THE INTENDED PURPOSES. X 1 158400 COUNTY VALUATION 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS MONITORED WITH A DISCLOSURE FORM COMPLETED ANUALLY BY MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CASH SURRENDER VALUE 18,845. CHANGE IN FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENT 82,271. FORM 990, PART XII, LINE 2C: THE FOUNDATION'S PRESIDENT SELECTS THE AUDITOR AND OVERSEES THE AUDIT PROCESS. THE UNIVERSITY OF MEMPHIS 3720 ALUMNI AVENUE MEMPHIS TN 38152 620648618 PROVIDING HIGH QUALITY EDUCATION OPPORTUNITIES TN 501(C)(3) LINE 2 N/A 0 THE UNIVERSITY OF MEMPHIS FOUNDATION 635 NORMAL ST ALUMNI CENTER MEMPHIS TN 38152 626048540 ADMINISTERS SUPPORT TO THE UNIVERSITY OF MEMPHIS TN 501(C)(3) LINE 5 N/A 0 THE UNIVERSITY OF MEMPHIS RESEARCH FOUNDATION 365 INNOVATION DR STE 303 MEMPHIS TN 38152 205400381 ENCOURAGE, PROMOTE, AND AID THE FULFILLMENT OF EDUCATION AND RESEARCH TN 501(C)(3) LINE 7 N/A 0 PALOS EQUITY VENTURES LLC 635 NORMAL STREET MEMPHIS TN 38152 853904562 INVESTMENT TN AUXILIARY SERVICES FOUNDATION EXCLUDED 0 0 0.99000 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 UNIVERSITY OF MEMPHIS B 14181795 CASH UNIVERSITY OF MEMPHIS O 58293 CASH UNIVERSITY OF MEMPHIS FOUNDATION C 10963688 CASH UNIVERSITY OF MEMPHIS FOUNDATION D 1517136 CASH