Nonprofit · EIN 81-2796759
VERIFIED SOLUTIONS
Tax-exempt · MEMPHIS, TN 38106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2024 | 990 | $9,995,699 | $9,294,429 | $701,270 | $6,610,820 | $1,098,642 | $5,512,178 |
| June 30, 2023 | 990 | $8,369,214 | $7,936,292 | $432,922 | $5,781,776 | $970,868 | $4,810,908 |
Financial details: 990 for the year ended June 30, 2024
Revenue
- Contributions, gifts and grants
- $9,475,238
- Program service revenue
- $518,803
- Investment income
- $0
- Other revenue
- $1,658
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $4,873,292
- Salaries, compensation and benefits (total)
- $4,873,292
- Professional fundraising fees
- $0
- Accounting fees
- $200,472
- Occupancy
- $1,100,348
- Depreciation
- $124,869
- Program services (functional)
- $8,106,007
- Management and general (functional)
- $1,188,422
Balance sheet and other
- Total assets, start of year
- $5,781,776
- Total assets, end of year
- $6,610,820
- Total liabilities, end of year
- $1,098,642
- Net assets, end of year
- $5,512,178
- Land, buildings and equipment
- $730,761
- Net assets without donor restrictions
- $4,851,432
- Net assets with donor restrictions
- $660,746
- Gross receipts
- $9,995,699
- Employees
- 62
- Volunteers
- 20
- Year formed
- 2016
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ANGELA GOODIN | CHIEF OPERATING OFFICER Officer | 40 | $170,838 |
| JAMES DENNIS | CHIEF STRATEGY OFFICER, CH Officer | 40 | $164,070 |
| JANAI DOUGLAS | EXECUTIVE DIRECTOR Officer | 40 | $154,600 |
| PRISCILLA EVERHART | BOARD MEMBER Trustee or director | 1 | $0 |
| NICHOLAS HAYES | BOARD MEMBER Trustee or director | 1 | $0 |
| NICHOLAS PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES DENNIS | CHIEF STRATEGY OFFICER, CHAIR Officer | 40 | $151,200 |
| ANGELA GOODIN | CHIEF OPERATING OFFICER Officer | 40 | $149,100 |
| JANAI DOUGLAS | EXECUTIVE DIRECTOR Officer | 40 | $146,800 |
| CLEO GRIFFIN | BOARD MEMBER Trustee or director | 1 | $0 |
| NICHOLAS HAYES | BOARD MEMBER Trustee or director | 1 | $0 |
| NICHOLAS PATTERSON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 90 W OLIVE AVE, MEMPHIS, TN 38106-4033
- In care of
- % NICK PATTERSON
- Principal officer (990 for 2023)
- JAMES DENNIS, 1910 MADISON AVE 2753, MEMPHIS, TN 38014
- Signed the 990
- JAMES DENNIS, CHIEF STRATEGY OFFICER, CHAIR
- Phone
- (901) 602-6371
- Website
- WWW.VERIFIEDSOLUTIONS.ORG
- Return prepared by
- FRAZIER & DEETER ADVISORY LLC
Mission
OUR MISSION IS TO OPERATE A NETWORK OF SCHOOLS AND PROVIDEPRODUCT DRIVEN SOLUTIONS THAT HELP SCHOOLS OPERATE MORE EFFICIENTLY SOTHAT THEY CAN PRIORITIZE THE CORE WORK OF EDUCATING STUDENTS.
Program accomplishments
- PROVIDED 180+ DAYS OF K-8 EDUCATION TO OVER 700 STUDENTS IN MEMPHIS, TN AND DEVELOPED OPERATIONAL (TEACHER STAFFING, FINANCE, AND HR) SUPPORT SERVICES TO CHARTER SCHOOLS, PUBLIC SCHOOLS, AND OTHER EDUCATIONAL ENTITIES.Expenses $8,106,007 · revenue $518,803
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 | Not on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2796759
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $6,610,820
- Income (IRS master file)
- $9,995,699
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2024 | $9,995,699 | $9,294,429 | $6,610,820 | XML |
| 990 | June 2023 | $8,369,214 | $7,936,292 | $5,781,776 | XML |
| 990 | June 2022 | $10,042,076 | $7,358,215 | $8,293,768 | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 81-2796759).
Questions about VERIFIED SOLUTIONS
- What is the EIN of VERIFIED SOLUTIONS?
- The employer identification number (EIN) of VERIFIED SOLUTIONS is 81-2796759.
- Is VERIFIED SOLUTIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to VERIFIED SOLUTIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VERIFIED SOLUTIONS 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 VERIFIED SOLUTIONS 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 VERIFIED SOLUTIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2024.
- Who is the principal officer of VERIFIED SOLUTIONS?
- The 990 for the year ended June 30, 2024 names JAMES DENNIS.
- Who are the officers and directors of VERIFIED SOLUTIONS?
- The 990 for the year ended June 30, 2024 lists 6 people; 3 received compensation from the organization, the highest $170,838 (ANGELA GOODIN, CHIEF OPERATING OFFICER).
- How much revenue does VERIFIED SOLUTIONS have?
- On its 990 for the year ended June 30, 2024 it reported revenue of $9,995,699, expenses of $9,294,429 and total assets of $6,610,820 at year end.
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- RHODES COLLEGE EIN 62-0476301 · last filed 990 for 2025
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- UNIVERSITY OF MEMPHIS FOUNDATION EIN 62-6048540 · last filed 990 for 2025
- GESTALT COMMUNITY SCHOOLS EIN 26-2794676 · last filed 990 for 2025
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