Nonprofit · EIN 26-4440905
MEMPHIS TEACHER RESIDENCY INC
Tax-exempt · MEMPHIS, TN 38104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $7,623,924 | $6,156,706 | $1,467,218 | $18,553,897 | $10,433,004 | $8,120,893 |
| May 31, 2024 | 990 | $6,665,811 | $5,429,643 | $1,236,168 | $17,899,568 | $11,245,893 | $6,653,675 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $6,141,498
- of which government grants
- $1,267,111
- Program service revenue
- $1,235,524
- Investment income
- $246,902
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $59,167
- Compensation of officers, directors and key employees
- $119,438
- Other salaries and wages
- $2,469,978
- Salaries, compensation and benefits (total)
- $3,097,456
- Professional fundraising fees
- $0
- Occupancy
- $634,915
- Travel
- $44,652
- Depreciation
- $227,934
- Program services (functional)
- $5,015,730
- Management and general (functional)
- $970,806
- Fundraising (functional)
- $170,170
Balance sheet and other
- Total assets, start of year
- $17,899,568
- Total assets, end of year
- $18,553,897
- Total liabilities, end of year
- $10,433,004
- Net assets, end of year
- $8,120,893
- Land, buildings and equipment
- $415,712
- Net assets without donor restrictions
- $5,970,946
- Net assets with donor restrictions
- $2,149,947
- Gross receipts
- $7,623,924
- Employees
- 36
- Volunteers
- 0
- Year formed
- 2009
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID MONTAGUE | EXECUTIVE DIRECTOR Officer | 40 | $123,333 | $13,312 |
| MEGAN SALEMI | DIRECTOR OF EDUCATION Highest-paid employee | 40 | $119,214 | $13,126 |
| ANGELINE GARDNER | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $113,538 | $10,182 |
| TOM MARINO | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| ROBERT MONTAGUE | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DAVID HARRIS | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| DR CAROL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TIM JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SUZANNE OCHS-FISHER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KATY HOTTINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID SHORES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ASHLEY SIMMONS | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIDGET GENTRY | DIRECTOR OF OPERATIONS AND FINANCE Officer | 40 | $0 |
990 for the year ended May 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID MONTAGUE | EXECUTIVE DIRECTOR Officer | 40 | $117,756 | $12,625 |
| MEGAN SALEMI | DIRECTOR OF EDUCATION Highest-paid employee | 40 | $111,051 | $12,439 |
| ANGELINE GARDNER | DIRECTOR OF DEVELOPMENT Highest-paid employee | 40 | $110,847 | $9,790 |
| TOM MARINO | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| DR MAXIE DUNNAM | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERT MONTAGUE | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| DAVID HARRIS | CHAIRMAN Trustee or director, Officer | 3 | $0 | $0 |
| DR CAROL JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS HILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1350 CONCOURSE AVE STE 366, MEMPHIS, TN 38104-2024
- In care of
- % DAVID MONTAGUE
- Principal officer (990 for 2024)
- DAVID MONTAGUE, 1350 CONCOURSE AVENUE STE 366, MEMPHIS, TN 38104
- Signed the 990
- DAVID MONTAGUE, PRESIDENT
- Phone
- (901) 937-4687
- Website
- WWW.MEMPHISTR.ORG
- Return prepared by
- HENDERSON HUTCHERSON & MCCULLOUGH PLLC
Mission
AS A RESPONSE TO THE GOSPEL MANDATE TO LOVE OUR NEIGHBORS AS OURSELVES, MEMPHIS TEACHER RESIDENCY ("MTR") WILL PROVIDE STUDENTS IN LOW-INCOME MEMPHIS NEIGHBORHOODS WITH THE SAME, OR BETTER, QUALITY OF EDUCATION AS IS AVAILABLE TO ANY STUDENT IN MEMPHIS BY RECRUITING, TRAINING, AND SUPPORTING EFFECTIVE TEACHERS WITHIN A CHRISTIAN CONTEXT.THE VISION OF MTR IS TO USE OUR SPECIFIC WORK WITHIN EDUCATION, IN PARTNERSHIP WITH OTHER HOLISTIC ORGANIZATIONS, TO HELP RESTORE COMMUNITIES SO THAT ALL INDIVIDUALS CAN BECOME EMPOWERED CONTRIBUTORS TO OUR CITY AND PEOPLE OF ALL RACES AND CLASSES CAN ENGAGE WITH ONE ANOTHER IN PEACE.
Program accomplishments
- RECRUIT, EQUIPS, AND RETAINS EDUCATORS AND TEACHERS TO WORK WITHIN MEMPHIS, TENNESSEE UNDER-RESOURCED NEIGHBORHOODS AND PROVIDE THE OPPORTUNITY TO RECEIVE CLASSROOM LEARNING ALONG WITH PRACTICAL EXPERIENCE SINCE THE PROGRAM PARTICIPANTS ARE PAIRED WITH AN EXPERIENCED MENTOR-TEACHER IN THEIR CONTENT AREA FOR FOUR DAYS PER WEEK FOR AN ENTIRE SCHOOL YEAR. EACH SUCCESSFUL PARTICIPANT WILL RECEIVE ENDORSEMENTS FOR ELEMENTARY EDUCATION OR SECONDARY EDUCATION IN MATH, BIOLOGY, PHYSICS, CHEMISTRY, SPANISH, HISTORY OR ENGLISH. EACH SUCCESSFUL PARTICIPANT WILL RECEIVE THE FOLLOWING: : MASTERS OF ARTS IN TEACHING THROUGH CHRISTIAN BROTHERS UNIVERSITY : INTENSIVE CLASSROOM EXPERIENCE WITHIN MEMPHIS UNDER-RESOURCED NEIGHBORHOOD SCHOOLS : STATE OF TENNESSEE EDUCATOR LICENSE : LIVING AND HOUSING STIPEND FOR THE 12 MONTH TRAINING PERIOD : ON-GOING EVALUATION AND MENTORING : LEADERSHIP OPPORTUNITIESTHE ESTIMATED COST FOR EACH PARTICIPANT IN THE 12 MONTH TRAINING PROGRAM IS APPROXIMATELY $48,000. THE NUMBER OF PROGRAM PARTICIPANTS FOR THE YEAR ENDED MAY 31, 2025 IS 30.Expenses $5,015,730 · grants $59,167 · revenue $1,235,524
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 26-4440905
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $18,553,897
- Income (IRS master file)
- $7,623,924
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $7,623,924 | $6,156,706 | $18,553,897 | XML |
| 990 | May 2024 | $6,665,811 | $5,429,643 | $17,899,568 | XML |
| 990 | May 2023 | $5,262,203 | $5,349,705 | $17,352,776 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2020 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-4440905).
Questions about MEMPHIS TEACHER RESIDENCY INC
- What is the EIN of MEMPHIS TEACHER RESIDENCY INC?
- The employer identification number (EIN) of MEMPHIS TEACHER RESIDENCY INC is 26-4440905.
- Is MEMPHIS TEACHER RESIDENCY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to MEMPHIS TEACHER RESIDENCY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEMPHIS TEACHER RESIDENCY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEMPHIS TEACHER RESIDENCY INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMPHIS TEACHER RESIDENCY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of MEMPHIS TEACHER RESIDENCY INC?
- The 990 for the year ended May 31, 2025 names DAVID MONTAGUE.
- Who are the officers and directors of MEMPHIS TEACHER RESIDENCY INC?
- The 990 for the year ended May 31, 2025 lists 16 people; 3 received compensation from the organization, the highest $123,333 (DAVID MONTAGUE, EXECUTIVE DIRECTOR).
- How much revenue does MEMPHIS TEACHER RESIDENCY INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $7,623,924, expenses of $6,156,706 and total assets of $18,553,897 at year end.
Other nonprofits in MEMPHIS
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- RHODES COLLEGE EIN 62-0476301 · last filed 990 for 2025
- CHRISTIAN BROTHERS UNIVERSITY EIN 62-0476666 · last filed 990 for 2025
- UNIVERSITY OF MEMPHIS FOUNDATION EIN 62-6048540 · last filed 990 for 2025
- GESTALT COMMUNITY SCHOOLS EIN 26-2794676 · last filed 990 for 2025
- BAPTIST MEMORIAL COLLEGE OF HEALTH SCIENCES INC EIN 62-1599670 · last filed 990 for 2025
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- HUTCHISON SCHOOL EIN 62-0540400 · last filed 990 for 2025