Nonprofit · EIN 47-3660677
MEMPHIS EDUCATION FUND INC
Tax-exempt · MEMPHIS, TN 38104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,029,348 | $5,629,344 | -$599,996 | $3,358,516 | $2,364,071 | $994,445 |
| December 31, 2024 | 990 | $4,867,433 | $4,702,797 | $164,636 | $3,781,085 | $2,186,644 | $1,594,441 |
| December 31, 2023 | 990 (amended) | $3,781,184 | $4,283,873 | -$502,689 | $3,117,869 | $1,688,064 | $1,429,805 |
| December 31, 2022 | 990 (amended) | $3,275,166 | $3,899,062 | -$623,896 | $3,358,065 | $1,425,571 | $1,932,494 |
| December 31, 2021 | 990 | $3,044,264 | $4,555,615 | -$1,511,351 | $2,231,951 | $452,524 | $1,779,427 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $4,802,306
- Program service revenue
- $0
- Investment income
- $2,786
- Net rental income
- $224,256
- Other revenue
- $224,256
Expenses
- Grants and similar amounts paid
- $4,128,834
- Compensation of officers, directors and key employees
- $282,966
- Other salaries and wages
- $412,454
- Salaries, compensation and benefits (total)
- $796,384
- Professional fundraising fees
- $0
- Accounting fees
- $89,302
- Occupancy
- $249,862
- Travel
- $2,516
- Depreciation
- $177,592
- Program services (functional)
- $4,780,617
- Management and general (functional)
- $848,727
Balance sheet and other
- Total assets, start of year
- $3,781,085
- Total assets, end of year
- $3,358,516
- Total liabilities, end of year
- $2,364,071
- Net assets, end of year
- $994,445
- Land, buildings and equipment
- $221,572
- Net assets without donor restrictions
- -$1,531,636
- Net assets with donor restrictions
- $2,526,081
- Gross receipts
- $5,029,348
- Employees
- 8
- Volunteers
- 0
- Year formed
- 2015
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERENCE PATTERSON | CEO Officer | 40 | $255,946 | $25,166 |
| BINH DOAN | DIRECTOR OF FINANCE AND ST Highest-paid employee | 40 | $108,005 | $20,131 |
| TOMEKA HART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL COBB | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TOSHA DOWNEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHERI CATRON COOPER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BOBBY WHITE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERENCE PATTERSON | CEO Officer | 40 | $256,973 | $23,431 |
| VENITA M DOGGETT | DIRECTOR OF ADVOCACY Highest-paid employee | 40 | $152,021 | $17,782 |
| BINH DOAN | DIRECTOR OF FINANCE AND STRATEGY Highest-paid employee | 40 | $105,570 | $12,814 |
| HOLLY COLEMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE ARMSTRONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMICO BOYKINS-COX | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| DAVID MANSOURI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOMEKA HART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL COBB | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERENCE PATTERSON | CEO Officer | 40 | $255,084 | $21,140 |
| VENITA M DOGGETT | DIRECTOR OF ADVOCACY Highest-paid employee | 40 | $143,774 | $16,692 |
| TERESA SLOYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE ARMSTRONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMICO BOYKINS-COX | TREASURER Trustee or director | 1 | $0 | $0 |
| DAVID MANSOURI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOMEKA HART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL COBB | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERENCE PATTERSON | CEO Officer | 40 | $244,178 | $20,388 |
| VENITA M DOGGETT | DIRECTOR OF ADVOCACY Highest-paid employee | 40 | $126,904 | $13,616 |
| TERESA SLOYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE ARMSTRONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DORSEY HOPSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMICO BOYKINS-COX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID MANSOURI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOMEKA HART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL COBB | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2021: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TERENCE PATTERSON | CEO Trustee or director, Officer | 40 | $236,554 | $19,456 |
| TERESA SLOYAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES R BOYD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KEVIN HUFFMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIMICO BOYKINS | TREASURER Trustee or director | 1 | $0 | $0 |
| DAVID MANSOURI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TOMEKA HART | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DARRYL COBB | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| MICHELLE ARMSTRONG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1350 CONCOURSE AVE STE 434, MEMPHIS, TN 38104-2025
- In care of
- % BEVERLY ROBERTSON
- Principal officer (990 for 2025)
- TERENCE PATTERSON, 1350 CONCOURSE AVE STE 434, MEMPHIS, TN 38104
- Signed the 990
- TERENCE PATTERSON, CEO
- Phone
- (901) 435-0400
- Website
- WWW.MEMPHISEDUCATIONFUND.ORG
- Return prepared by
- ASCENT ACCOUNTING & ADVISORY PLLC
Mission
TO WORK IN PARTNERSHIP WITH THE SHELBY COUNTY SCHOOL DISTRICT AND THE ACHIEVEMENT SCHOOL DISTRICT ON STRATEGIES THAT SUPPORT SCHOOL IMPROVEMENT, DEVELOPMENT, AND IMPLEMENTATION OF INITIATIVES FOCUSED ON INCREASING K-12 EDUCATIONAL OUTCOMES IN THE GREATER MEMPHIS, TN AREA.
Program accomplishments
- DEVELOPMENT AND IMPLEMENTATION OF INITIATIVES FOCUSED ON INCREASING THE K-12 EDUCATIONAL OUTCOMES IN THE GREATER MEMPHIS, TENNESSEE AREA.Expenses $4,780,617 · grants $4,128,834
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3660677
- 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
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $3,358,516
- Income (IRS master file)
- $5,029,348
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,029,348 | $5,629,344 | $3,358,516 | IRS |
| 990 | December 2024 | $4,867,433 | $4,702,797 | $3,781,085 | IRS |
| 990 | December 2023 | $3,781,184 | $4,283,873 | $3,117,869 | IRS |
| 990 | December 2022 | $3,275,166 | $3,899,062 | $3,358,065 | IRS |
| 990 | December 2021 | $3,044,264 | $4,555,615 | $2,231,951 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 47-3660677).
Questions about MEMPHIS EDUCATION FUND INC
- What is the EIN of MEMPHIS EDUCATION FUND INC?
- The employer identification number (EIN) of MEMPHIS EDUCATION FUND INC is 47-3660677.
- Is MEMPHIS EDUCATION FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to MEMPHIS EDUCATION FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEMPHIS EDUCATION FUND 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 EDUCATION FUND INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEMPHIS EDUCATION FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MEMPHIS EDUCATION FUND INC?
- The 990 for the year ended December 31, 2025 names TERENCE PATTERSON.
- Who are the officers and directors of MEMPHIS EDUCATION FUND INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $255,946 (TERENCE PATTERSON, CEO).
- How much revenue does MEMPHIS EDUCATION FUND INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,029,348, expenses of $5,629,344 and total assets of $3,358,516 at year end.
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