2023-12-05T13:41:19-06:00 2023-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2022-07-01 621723618 MEMPHIS OPPORTUNITY SCHOLARSHIP TRUST INC MEMP 9018425328 1000 RIDGEWAY LOOP RD 100 MEMPHIS TN 38120 ALEXIS S FABER BOARD CHAIR 9018425328 2023-12-04 1 ALEXIS FABER 999009999 0 RICHARD A SWOPE CPA P00590766 9016834234 2023-12-04 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ALEXIS S FABER 1000 RIDGEWAY LOOP RD 100 MEMPHIS TN 38120 2632424 0 X WWW.MEMPHISSCHOLARSHIPS.ORG X 1998 TN PROVIDE EDUCATIONAL OPPORTUNITIES AND ASSISTANCE TO CHILDREN WHO ARE UNABLE TO ACHIEVE THE SAME OR HAVE DIFFICULTY DOING SO FOR FINANCIAL REASONS. THE MAIN FORM OF ASSISTANCE PROVIDED BY MOST IS SCHOLARSHIPS TO HELP STUDENTS FROM LOW-INCOME FAMILIES HAVE THE OPPORTUNITY TO ATTEND PRIVATE SCHOOLS IN THE MEMPHIS AREA THAT CHARGE TUITION. 12 12 4 6 0 0 3832502 1781629 0 0 68063 110303 -21484 -44446 3879081 1847486 1022070 1018543 0 0 229559 285861 0 0 100986 120517 99085 1372146 1403489 2506935 443997 7081420 7501630 0 0 7081420 7501630 OUR MISSION IS TO GIVE PARENTS THE OPPORTUNITY TO CHOOSE THE MOST APPROPRIATE SCHOOL FOR THEIR CHILDREN. BY PROVIDING EDUCATIONAL OPPORTUNITIES TO FAMILIES IN NEED, MOST SEEKS TO PROMOTE EXCELLENCE IN EDUCATION. 0 0 1018543 1018543 PROVIDE EDUCATIONAL OPPORTUNITIES AND ASSITANCE TO CHILDREN WHO ARE UNABLE TO ACHIEVE THE SAME OR HAVE DIFFICULTY DOING SO FOR FINANCIAL REASONS. THE MAIN FORM OF ASSITANCE PROVIDED BY MOST IS SCHOLARSHIPS TO HELP STUDENTS FROM LOW-INCOME FAMILIES HAVE THE OPPORTUNITY TO ATTEND PRIVATE SCHOOLS IN THE MEMPHIS AREA THAT CHARGE TUITION. 1018543 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 4 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TN X ABBEY COWENS 9018425328 1000 RIDGEWAY LOOP SUITE 205 MEMPHIS TN 38120 ALEXIS S FABER BOARD CHAIR 1.00 X 0 0 0 E CARL KRAUSNICK JR DIRECTOR 1.00 X 0 0 0 ELKAN SCHEIDT DIRECTOR 1.00 X 0 0 0 NICK GOETZE DIRECTOR 1.00 X 0 0 0 TRENT D WILLIAMSON DIRECTOR 1.00 X 0 0 0 ELLIS L HAGUEWOOD DIRECTOR 1.00 X 0 0 0 MARY SCHELL DIRECTOR 1.00 X 0 0 0 KATHERINE T DICKINSON DIRECTOR 1.00 X 0 0 0 HAL FOGELMAN DIRECTOR 1.00 X 0 0 0 KEITH MCBRIDE II DIRECTOR 1.00 X 0 0 0 CALVIN SULLIVAN DIRECTOR 1.00 X 0 0 0 BOB SOLMSON DIRECTOR 1.00 X 0 0 0 ABBEY S COWENS EXECUTIVE DIRECTOR 40.00 X 109077 0 9342 109077 0 9342 1 0 0 0 0 196500 1585129 1781629 123425 123425 708071 721193 -13122 -13122 -13122 19299 196500 63745 -44446 -44446 1847486 0 0 65857 1018543 1018543 127800 51120 76680 119946 119946 17037 11388 5649 21078 15212 5866 9200 9200 2215 2215 12791 12791 5594 5594 12000 12000 1214 1214 TECHNOLOGY 26541 26541 DEVELOPMENT 20706 20706 POSTAGE 4973 4973 PROGRAM EXPENSE 2524 2524 1327 1327 1403489 1018543 283960 100986 1945048 1540107 2069666 2053938 624 624 3048100 3884791 17982 22170 7081420 7501630 0 0 X 7022500 7392710 58920 108920 7081420 7501630 7081420 7501630 443997 -23787 0 X X 0 1 X 1 0 X 1097356 646036 652801 3832502 1781629 8010324 1097356 646036 652801 3832502 1781629 8010324 2276266 5734058 17387 24992 37079 65917 123425 268800 8279124 0.69260 0.72830 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 1823699 -23787 -23787 1847486 0 1847486 1403489 0 1403489 0 1403489 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES MANAGEMENT OF MOST TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF MOST HAS TAKEN AN UNCERTAIN POSITION THAT MORE THAN LIKELY WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT OF MOST HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. MOST IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS IN PROGRESS FOR ANY TAX PERIODS. MOST BELIEVES IT IS NOT LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2020. GOLF TOURNAMENT 215799 196500 19299 63745 215799 196500 19299 63745 63745 -44446 1 SCHOLARSHIPS AWARDED ON BEHALF OF CHILDREN IN PRE-K THROUGH GRADE 12 287 1018543 FORM 990, PART VI, SECTION B, LINE 11B THE RETURN PREPARER PROVIDED A COPY OF THE FINAL VERSION OF FORM 990 TO THE EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE BOARD BEFORE IT WAS FILED. ADDITIONALLY, THE EXECUTIVE DIRECTOR AND CHAIRMAN REVIEWED AND APPROVED THE RETURN BEFORE IT WAS FILED. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS AND OFFICERS ARE REQUIRED TO COMPLETE A DISCLOSURE FORM INDICATING ANY POTENTIAL CONFLICT OF INTEREST AND AGREES TO PROVIDE ANY INFORMATION ANNUALLY WITH A CHANGE IN HIS OR HER STATUS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS THE DUTIES AND RESPONSIBILITIES OF THE EXECUTIVE DIRECTOR, COMPARES THOSE DUTIES AND RESPONSIBILITIES WITH OTHER SIMILAR NOT FOR PROFIT ORGANIZATIONS IN THE AREA AND SETS COMPENSATION AND BENEFITS ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 MOST PROVIDES PUBLIC INSPECTION OF ITS FINANCIAL STATEMENTS OR OTHER GOVERNING DOCUMNETS UPON REQUEST. FORM 990, PART XII, SECTION C, LINE 2C: THE PROCESSES FOR THE GOVERNING BOARD OVERSEEING THE ANNUAL AUDIT AND SELECTING AN INDEPENDENT ACCOUNTANT HAVE NOT CHANGED FROM PREVIOUS YEARS.