Nonprofit · EIN 47-2335297
AUXILIARY SERVICES FOUNDATION
Tax-exempt · MEMPHIS, TN 38152
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $257,057,674 | $7,015,829 | $250,041,845 | $270,367,473 | $14,147,783 | $256,219,690 |
| June 30, 2024 | 990 | $4,504,661 | $2,785,115 | $1,719,546 | $13,348,475 | $6,912,558 | $6,435,917 |
| June 30, 2023 | 990 | $11,399,989 | $14,312,536 | -$2,912,547 | $14,202,118 | $9,244,488 | $4,957,630 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $255,863,026
- Program service revenue
- $0
- Investment income
- $1,133,629
- Other revenue
- $61,019
Expenses
- Grants and similar amounts paid
- $5,358,584
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $119,112
- Accounting fees
- $35,000
- Depreciation
- $1,320,469
- Program services (functional)
- $5,358,584
- Management and general (functional)
- $1,657,245
Balance sheet and other
- Total assets, start of year
- $13,348,475
- Total assets, end of year
- $270,367,473
- Total liabilities, end of year
- $14,147,783
- Net assets, end of year
- $256,219,690
- Land, buildings and equipment
- $129,905,643
- Net assets without donor restrictions
- $255,256,059
- Net assets with donor restrictions
- $963,631
- Gross receipts
- $257,057,674
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DR BILL HARDGRAVE | UOFM PRESIDENT Trustee or director | 1 | $0 | $714,999 | $134,407 |
| RENE BUSTAMANTE | UOFM COO/CFO Trustee or director | 2 | $0 | $328,250 | $132,357 |
| JEFF CRANE | FORMER EXECUTIVE DIRECTOR Officer | 3.75 | $0 | $193,149 | $28,246 |
| HALEY PREWETT | CFO/SR. ASSOC AD Officer | 7.5 | $0 | $130,301 | $15,051 |
| JOHN BOBANGO | RETAINED LEGAL COUNSEL Officer | 2 | $2,659 | $0 | $0 |
| JOHN HARTNEY | VICE PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| FRED A TOWLER | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 | $0 |
| RICHARD A SPELL | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| COOPER JONES | CEO Officer | 1 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dr Bill Hardgrave | UofM President Trustee or director | 1 | $0 | $665,000 | $66,900 |
| Raaj Kurapati | UofM CFO Trustee or director | 2 | $0 | $306,360 | $47,219 |
| Jeff Crane | Executive Director, ASF Officer | 3.75 | $0 | $226,125 | $54,651 |
| Andrew Roberts | Executive Director, ASF Officer | 7.5 | $0 | $117,027 | $38,383 |
| Steve McDaniel | Retained Legal Counsel Officer | 2 | $11,460 | $0 | $0 |
| Rick Spell | President Trustee or director | 1 | $0 | $0 | $0 |
| John Hartney | Vice President Trustee or director | 1 | $0 | $0 | $0 |
| Fred Towler | Secretary/Treasurer Trustee or director | 1 | $0 | $0 | $0 |
| Rene Bustamante | U of M COO/CFO Trustee or director | 2 | $0 | $0 | $0 |
| Greg DuBois | UofM Interim CFO Trustee or director | 2 | $0 | $0 | $0 |
| Haley Prewett | CFO, ASF Officer | 7.5 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| HOLLY FORD | FOUNDATION CEO Officer | 20 | $0 | $25,007 | $6,113 |
| MARK NICELL | FOUNDATION CBO Officer | 20 | $0 | $7,065 | $701 |
| RICHARD A SPELL | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JOHN HARTNEY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED A TOWLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAAJKUMAR KURAPATI | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TIM ARGO | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DR BILL HARDGRAVE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 570 NORMAL ST, MEMPHIS, TN 38152-4501
- In care of
- % STACY MARTIN
- Principal officer (990 for 2024)
- HALEY PREWETT, 570 NORMAL STREET, MEMPHIS, TN 38152
- Signed the 990
- HALEY PREWETT, CFO
- Phone
- (901) 678-4142
- Return prepared by
- WATKINS UIBERALL PLLC
Mission
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.
Program accomplishments
- THE FOUNDATION'S BOARD OF DIRECTORS EXERCISES FINANCIAL OVERSIGHT AND REVIEWS AND APPROVES THE FINANCIAL ACTIVITY IN ACCORDANCE WITH THE ESTABLISHED BYLAWS.Expenses $5,358,584 · grants $5,358,584
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2335297
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Organization supporting a government college or university
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $270,367,473
- Income (IRS master file)
- $257,057,674
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $257,057,674 | $7,015,829 | $270,367,473 | IRS |
| 990 | June 2024 | $4,504,661 | $2,785,115 | $13,348,475 | XML |
| 990 | June 2023 | $11,399,989 | $14,312,536 | $14,202,118 | XML |
| 990 | June 2022 | $9,864,492 | $9,585,739 | $18,678,367 | IRS |
| 990 | June 2021 | – | – | – | 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 47-2335297).
Questions about AUXILIARY SERVICES FOUNDATION
- What is the EIN of AUXILIARY SERVICES FOUNDATION?
- The employer identification number (EIN) of AUXILIARY SERVICES FOUNDATION is 47-2335297.
- Is AUXILIARY SERVICES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to AUXILIARY SERVICES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AUXILIARY SERVICES FOUNDATION 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 AUXILIARY SERVICES FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AUXILIARY SERVICES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of AUXILIARY SERVICES FOUNDATION?
- The 990 for the year ended June 30, 2025 names HALEY PREWETT.
- Who are the officers and directors of AUXILIARY SERVICES FOUNDATION?
- The 990 for the year ended June 30, 2025 lists 9 people; 1 received compensation from the organization.
- How much revenue does AUXILIARY SERVICES FOUNDATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $257,057,674, expenses of $7,015,829 and total assets of $270,367,473 at year end.
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