2023-12-22T12:07:14-06:00 2023-07-31 440160260 FORVIS LLP 999 S SHADY GROVE RD STE 400 MEMPHIS TN 38120 990 2022-08-01 620545618 MEMPHIS UNIVERSITY SCHOOL MEMP 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 RANKIN FOWLKES DIRECTOR OF BUSINESS OPERATIONS 9012601300 2023-12-14 1 RANKIN FOWLKES 999009999 0 LAKRISHA J CASTLEBERRY P01677333 9017613000 2023-12-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RANKIN FOWLKES 6191 PARK AVENUE MEMPHIS TN 38119 33352121 0 X WWW.MUSOWLS.ORG X 1955 TN COLLEGE PREPARATORY SECONDARY SCHOOL FOR BOYS 25 25 140 100 0 0 3161076 10678250 14801882 15015552 4570660 1205832 -66496 -31638 22467122 26867996 2704174 2488932 0 0 12071596 12690805 0 0 1099377 5535806 6053736 20311576 21233473 2155546 5634523 70155448 77535036 20174385 19666556 49981063 57868480 MEMPHIS UNIVERSITY SCHOOL IS A COLLEGE-PREPARATORY SCHOOL DEDICATED TO ACADEMIC EXCELLENCE, CULTIVATION OF SERVICE AND LEADERSHIP, AND THE DEVELOPMENT OF WELL-ROUNDED YOUNG MEN OF STRONG MORAL CHARACTER, CONSISTENT WITH THE SCHOOL'S CHRISTIAN TRADITION. 0 0 13048523 14585185 EDUCATION GRADES 7-12 APPROXIMATELY 643 STUDENTS 2488932 2488932 FINANCIAL AID FOR STUDENTS IN GRADES 7-12 APPROXIMATELY 186 STUDENTS 15537455 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 87 0 1 140 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 25 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 TN X MS BETH HUNT 9012601300 6191 PARK AVENUE MEMPHIS TN 38119 JAMES F BURNETT CHAIRMAN 2.00 X 0 0 0 GLENN A CROSBY II VICE-CHAIRMAN 2.00 X 0 0 0 CHRIS R SANDERS SECRETARY 2.00 X 0 0 0 D STEPHEN MORROW TREASURER 2.00 X 0 0 0 BRANDON K ARRINDELL BOARD MEMBER 2.00 X 0 0 0 JAMES H BARTON JR BOARD MEMBER 2.00 X 0 0 0 R EARL BLANKENSHIP BOARD MEMBER 2.00 X 0 0 0 ANDREW F CATES BOARD MEMBER 2.00 X 0 0 0 WILLIAM B DUNAVANT III BOARD MEMBER 2.00 X 0 0 0 ROBERT M FOCKLER BOARD MEMBER 2.00 X 0 0 0 P TROWBRIDGE GILLESPIE JR BOARD MEMBER 2.00 X 0 0 0 J BRETT GRINDER BOARD MEMBER 2.00 X 0 0 0 MARK J HALPERIN BOARD MEMBER 2.00 X 0 0 0 ROBERT J HUSSEY III BOARD MEMBER 2.00 X 0 0 0 W THOMAS HUTTON JR BOARD MEMBER 2.00 X 0 0 0 MARGARET C MCLEAN BOARD MEMBER 2.00 X 0 0 0 JEFFREY B MESKIN BOARD MEMBER 2.00 X 0 0 0 RICHARD C MOORE III BOARD MEMBER 2.00 X 0 0 0 JOSEPH M MORRISON BOARD MEMBER 2.00 X 0 0 0 WILLIAM E ORGEL BOARD MEMBER 2.00 X 0 0 0 JENNIFER R RANSOM BOARD MEMBER 2.00 X 0 0 0 WILEY T ROBINSON BOARD MEMBER 2.00 X 0 0 0 FREDERICK C SCHAEFFER JR BOARD MEMBER 2.00 X 0 0 0 WILLIAM V THOMPSON III BOARD MEMBER 2.00 X 0 0 0 PHILIP S WUNDERLICH BOARD MEMBER 2.00 X 0 0 0 PETER D SANDERS HEADMASTER 40.00 X 349093 0 24039 RANKIN FOWLKES DIRECTOR OF BUSINESS OPERATIONS 40.00 X 181635 0 15666 PERRY DEMENT DIRECTOR OF ADVANCEMENT 40.00 X 164556 0 14812 BOBBY ALSTON DIRECTOR OF ATHLETICS 40.00 X 156594 0 14414 WILLIAM RAY UPPER SCHOOL PRINCIPAL 40.00 X 127848 0 12976 JENNY BYERS DIR. COLLEGE COUNSELING/STUDENT PROG. 40.00 X 125968 0 12882 ZACHARY HANSEN DIRECTOR OF COLLEGE COUNSELING 40.00 X 129328 0 13050 PHILLIP EIKNER DEAN OF ACADEMICS 40.00 X 121261 0 12647 1356283 0 120486 14 0 1 0 GRINDER TABER AND GRINDER INC 1919 LYNNFIELD ROAD MEMPHIS TN 38119 CONSTRUCTION 402591 MUSCO SPORTS LIGHTING LLC PO BOX 200692 DALLAS TX 753200692 LIGHTING 235000 WARNERS ATHLETIC 570 HUNTLEY INDUSTRIAL DR SMYRNA TN 37167 CONSTRUCTION 171000 REVIVAL RESTORATION SERVICES 600 MADISON AVENUE MEMPHIS TN 38103 GENERAL CONTRACTOR 144989 LANDSCAPE WORKSHOP 550 MONTGOMERY HIGHWAY 200 VESTAVIA HILLS AL 35216 LANDSCAPING 122931 6 10678250 163652 10678250 TUITION & FEES 611600 14616823 14616823 ATHLETICS/CAMPS 611710 181073 181073 AUXILIARY/INSTRUCTIONS REVENUE 611600 168691 168691 CAFETERIA 611710 48965 48965 15015552 475854 475854 43024 0 43024 43024 43024 6996837 6266859 729978 729978 729978 134813 217266 -82453 -82453 VENDING MACHINE 900099 7791 7791 7791 26867996 14585185 0 1604561 2488932 2488932 767047 76937 581253 108857 9348335 6098607 2595460 654268 421130 421130 1428206 1428206 726087 544565 181522 394641 110978 283663 48141 48141 74475 74475 1481435 848420 296763 336252 165231 165231 565147 471099 94048 148378 148378 1749034 1574131 174903 212842 159631 53211 AUXILIARY EXPENSE 653603 653603 INSTRUCTION & STUDENT A 440600 334977 105623 MISCELLANEOUS 107579 107579 BOND COSTS 12630 12630 21233473 15537455 4596641 1099377 2046701 2592743 4414116 8061548 312155 4615916 5537485 5886016 227518 228287 32614 24440 53960024 34297268 20188889 19662756 25587794 22713494 11706053 13650473 102123 99363 70155448 77535036 148118 6853 12450049 12713714 7368174 6700804 208044 245185 20174385 19666556 X 40633029 40587865 9348034 17280615 49981063 57868480 70155448 77535036 X 5634523 2002626 250268 X 0 1 X 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37831017 707387 3029763 3190944 38377223 43924575 1043962 -3940704 3196816 37831017 36983821 736794 9209383 3005423 43924575 37764075 844983 1091166 2716403 36983821 37450004 887807 2436758 3010494 37764075 0.75000 0.25000 0 0 281637 281637 30804463 19784368 11020095 5861104 4790901 1070203 17012820 9721999 7290821 19662756 307722 F GT OFFSHORE FUND 11274484 F SE EUROPEAN CONCENTRATED OPPORTUNITIES 2068267 F 13650473 FUNDS HELD IN TRUST 169022 CAPITAL LEASES PAYABLE 76163 245185 X 27095349 2252894 217266 2470160 24625189 74475 2168332 2242807 26867996 19207932 217266 217266 18990666 74475 2168332 2242807 21233473 PART V, LINE 4: THE SCHOOL'S ENDOWMENT CONSISTS OF APPROXIMATELY 50 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES. SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO SPENDING POLICY: THE SCHOOL HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR 4.5% OF ITS ENDOWMENT FUND'S AVERAGE FAIR VALUE OVER THE PRIOR 12 QUARTERS THROUGH THE CALENDAR YEAR-END PROCEEDING THE FISCAL YEAR IN WHICH THE DISTRIBUTION IS PLANNED. IN ESTABLISHING THIS POLICY, THE SCHOOL CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS ENDOWMENT. ACCORDINGLY, OVER THE LONG TERM, THE SCHOOL EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT TO GROW AT AN AVERAGE OF 4.5% ANNUALLY. THIS IS CONSISTENT WITH THE SCHOOL'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS HELD IN PERPETUITY OR FOR A SPECIFIED TERM AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH NEW GIFTS AND INVESTMENT RETURN. PART X, LINE 2: THE SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL AND STATE INCOME TAXES. THE SCHOOL HAS DETERMINED THAT IT DOES NOT HAVE ANY MATERIAL UNCERTAIN TAX POSITIONS AS OF JULY 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS 217,266. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 2,168,332. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD INCLUDED AS EXPENSE ON FINANCIAL STATEMENTS 217,266. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID SHOWN NET OF TUITION ON FINANCIAL STATEMENTS 2,168,332. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISEMENTS WERE PURCHASED IN SEVERAL LOCAL NEWSPAPERS, LOCAL AND REGIONAL MAGAZINES, AND LOCAL RADIO STATIONS. 1 SCHOLARSHIPS AND FINANCIAL AID 186 2488932 X X 1 1 X 0 0 0 0 0 0 0 0 0 PETER D SANDERS HEADMASTER 349093 0 0 0 0 0 17455 0 6584 0 373132 0 0 0 RANKIN FOWLKES DIRECTOR OF BUSINESS OPERATIONS 181635 0 0 0 0 0 9082 0 6584 0 197301 0 0 0 PERRY DEMENT DIRECTOR OF ADVANCEMENT 164556 0 0 0 0 0 8228 0 6584 0 179368 0 0 0 BOBBY ALSTON DIRECTOR OF ATHLETICS 156594 0 0 0 0 0 7830 0 6584 0 171008 0 0 0 SCHEDULE J, LINE 1A TYPE OF BENEFIT: HOUSING ALLOWANCE IS PROVIDED TO THE HEADMASTER. THIS BENEFIT IS FOR THE SCHOOLS CONVENIENCE AND IS NOT INCLUDED IN THE HEADMASTER'S TAXABLE COMPENSATION SOCIAL CLUB DUES ARE PROVIDED TO THE HEADMASTER. THIS BENEFIT IS FOR THE SCHOOLS CONVENIENCE AND IS NOT INCLUDED IN THE HEADMASTER'S TAXABLE COMPENSATION. A THE HEALTH EDUCATIONAL AND HOUSING FACILITY BOARD OF SHELBY COUNTY TN 912828F39 2017-06-30 9150000 RETIRE OTHER BOND DEBT 0 0 0 A 2345000 9150000 179975 8970025 0 1 1 1 A 0 0 0 0 0 0 0 A 0 0 1 0 0 0 0 0 0 A 0 GRINDER TABER GRINDER INC GT MR. GRINDER IS ON THE BOARD OF TRUSTEES & IS AN OWNER AT GTG 397000 GTG PROVIDED CONSTRUCTION SERVICES TO MUS 0 X 9 163652 FMV 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTORS IN THE CURRENT YEAR FORM 990, PART VI, SECTION B, LINE 11B THE HEADMASTER, CONTROLLER AND DIRECTOR OF BUSINESS OPERATIONS REVIEW THE 990 PRIOR TO FILING. THE RETURN WILL BE DISTRIBUTED TO THE BOD FOR REVIEW ALSO. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST SUBMISSIONS BY THE TRUSTEES ARE REVIEWED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND DETERMINES THE HEADMASTER'S COMPENSATION USING STATISTICS AND BENCHMARKS FROM NAIS SCHOOLS AROUND THE NATION. COMPENSATION FOR ALL PERSONNEL DECIDED UPON BY THE HEADMASTER. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOSS ON DERIVATIVE FINANCIAL INSTRUMENTS 250,268.