2025-08-18T14:42:49-05:00 2025-05-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2024-06-01 264440905 MEMPHIS TEACHER RESIDENCY INC MEMP 9019374687 1350 CONCOURSE AVE SUITE 366 MEMPHIS TN 38174 DAVID MONTAGUE PRESIDENT 9019374687 2025-08-14 1 1 RICHARD A SWOPE P00590766 9016834234 2025-08-14 2024 2025-03-06 01:10:19Z DAVID MONTAGUE 1350 CONCOURSE AVENUE STE 366 MEMPHIS TN 38104 7623924 0 X WWW.MEMPHISTR.ORG X 2009 TN AS A RESPONSE TO THE GOSPEL MANDATE TO LOVE OUR NEIGHBORS AS OURSELVES, THE ORGANIZATION WILL PROVIDE STUDENTS IN OUR PARTNER NEIGHBORHOODS WITH THE SAME, OR BETTER, QUALITY OF EDUCATION AS ANY CHILD IN MEMPHIS RECEIVES BY RECRUITING, TRAINING AND SUPPORTING EFFECTIVE TEACHERS WITHIN A CHRISTIAN CONTEXT. 12 12 36 0 0 0 4735844 6141498 1771637 1235524 158330 246902 0 0 6665811 7623924 55807 59167 0 0 2788669 3097456 0 0 170170 2585167 3000083 5429643 6156706 1236168 1467218 17899568 18553897 11245893 10433004 6653675 8120893 X AS A RESPONSE TO THE GOSPEL MANDATE TO LOVE OUR NEIGHBORS AS OURSELVES, MEMPHIS TEACHER RESIDENCY ("MTR") WILL PROVIDE STUDENTS IN LOW-INCOME MEMPHIS NEIGHBORHOODS WITH THE SAME, OR BETTER, QUALITY OF EDUCATION AS IS AVAILABLE TO ANY STUDENT IN MEMPHIS BY RECRUITING, TRAINING, AND SUPPORTING EFFECTIVE TEACHERS WITHIN A CHRISTIAN CONTEXT.THE VISION OF MTR IS TO USE OUR SPECIFIC WORK WITHIN EDUCATION, IN PARTNERSHIP WITH OTHER HOLISTIC ORGANIZATIONS, TO HELP RESTORE COMMUNITIES SO THAT ALL INDIVIDUALS CAN BECOME EMPOWERED CONTRIBUTORS TO OUR CITY AND PEOPLE OF ALL RACES AND CLASSES CAN ENGAGE WITH ONE ANOTHER IN PEACE. 0 0 5015730 59167 1235524 RECRUIT, EQUIPS, AND RETAINS EDUCATORS AND TEACHERS TO WORK WITHIN MEMPHIS, TENNESSEE UNDER-RESOURCED NEIGHBORHOODS AND PROVIDE THE OPPORTUNITY TO RECEIVE CLASSROOM LEARNING ALONG WITH PRACTICAL EXPERIENCE SINCE THE PROGRAM PARTICIPANTS ARE PAIRED WITH AN EXPERIENCED MENTOR-TEACHER IN THEIR CONTENT AREA FOR FOUR DAYS PER WEEK FOR AN ENTIRE SCHOOL YEAR. EACH SUCCESSFUL PARTICIPANT WILL RECEIVE ENDORSEMENTS FOR ELEMENTARY EDUCATION OR SECONDARY EDUCATION IN MATH, BIOLOGY, PHYSICS, CHEMISTRY, SPANISH, HISTORY OR ENGLISH. EACH SUCCESSFUL PARTICIPANT WILL RECEIVE THE FOLLOWING: : MASTERS OF ARTS IN TEACHING THROUGH CHRISTIAN BROTHERS UNIVERSITY : INTENSIVE CLASSROOM EXPERIENCE WITHIN MEMPHIS UNDER-RESOURCED NEIGHBORHOOD SCHOOLS : STATE OF TENNESSEE EDUCATOR LICENSE : LIVING AND HOUSING STIPEND FOR THE 12 MONTH TRAINING PERIOD : ON-GOING EVALUATION AND MENTORING : LEADERSHIP OPPORTUNITIESTHE ESTIMATED COST FOR EACH PARTICIPANT IN THE 12 MONTH TRAINING PROGRAM IS APPROXIMATELY $48,000. THE NUMBER OF PROGRAM PARTICIPANTS FOR THE YEAR ENDED MAY 31, 2025 IS 30. 5015730 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 201 0 1 36 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X BRIDGET GENTRY 9019374687 1350 CONCOURSE AVENUE SUITE 366 MEMPHIS TN 38104 TOM MARINO CHAIRMAN 3.00 X X 0 0 0 ROBERT MONTAGUE TREASURER 3.00 X X 0 0 0 DAVID HARRIS SECRETARY 3.00 X X 0 0 0 DR CAROL JOHNSON DIRECTOR 1.00 X 0 0 0 DAVID BROWN DIRECTOR 1.00 X 0 0 0 CHRIS HILL DIRECTOR 1.00 X 0 0 0 DORSEY HOPSON DIRECTOR 1.00 X 0 0 0 TIM JOHNSON DIRECTOR 1.00 X 0 0 0 SUZANNE OCHS-FISHER DIRECTOR 1.00 X 0 0 0 KATY HOTTINGER DIRECTOR 1.00 X 0 0 0 DAVID SHORES DIRECTOR 1.00 X 0 0 0 ASHLEY SIMMONS DIRECTOR 1.00 X 0 0 0 DAVID MONTAGUE EXECUTIVE DIRECTOR 40.00 X 123333 0 13312 BRIDGET GENTRY DIRECTOR OF OPERATIONS AND FINANCE 40.00 X 0 0 0 ANGELINE GARDNER DIRECTOR OF DEVELOPMENT 40.00 X 113538 0 10182 MEGAN SALEMI DIRECTOR OF EDUCATION 40.00 X 119214 0 13126 356085 0 36620 3 0 0 0 0 1267111 4874387 6141498 SHELBY COUNTY SCHOOLS 611430 889295 889295 MEMPHIS LITERACY INSTI 611430 134982 134982 TUITION REPAYMENTS 611430 126247 126247 TUITION 611430 50000 50000 CAPSTONE EDUCATION GRO 611430 35000 35000 1235524 246902 246902 7623924 1235524 0 246902 X 59167 59167 119438 107494 11944 2469978 1993260 355941 120777 65795 51224 10551 4020 267752 214117 41685 11950 174493 134600 29232 10661 648787 648787 189459 80745 108714 634915 423610 211305 44652 44652 227934 151956 75978 HOUSING 579330 579330 MARKETING & COMMUNICATI 331468 320650 10818 TRAINING 224464 194558 29906 MTR COMMUNITY BUILDING 61345 61345 57729 57729 6156706 5015730 970806 170170 5917912 7127754 9017 438554 89173 89173 2691022 2275310 637310 415712 11246156 10482704 17899568 18553897 70845 15937 11175048 10417067 11245893 10433004 X 5040303 5970946 1613372 2149947 6653675 8120893 17899568 18553897 1467218 0 X X 0 1 X 1 0 X 4147062 5584026 3691183 4735844 6141498 24299613 4147062 5584026 3691183 4735844 6141498 24299613 3963281 20336332 589400 991135 1571021 1929966 1482426 6563948 30863561 0.65890 0.69090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2010565 1652420 358145 680457 622890 57567 415712 RIGHT-OF-USE ASSET 10482704 10482704 OPERATING LEASE LIABILITY 10417067 10417067 X 7623924 0 7623924 0 7623924 6156706 0 6156706 0 6156706 PART X, LINE 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT OF MEMPHIS TEACHER RESIDENCY, INC. TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MEMPHIS TEACHER RESIDENCY, INC. HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT AS OF MAY 31, 2025, 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. MEMPHIS TEACHER RESIDENCY, INC. BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2022. 1 PROVISION FOR BOOKS 17387 N/A PROVISION FOR TUITION 41780 N/A FORM 990, SCHEDULE I, PART III, LINE 1 PARTICIPANTS INVOLVED IN THE ORGANIZATION'S PROGRAM ARE PROVIDED EDUCATIONAL EXPENSES IN THE FORM OF BOOKS AND TUITION WITH THE EXPECTATION OF THREE YEARS OF SERVICE IN THE MEMPHIS UNDER-RESOURCED NEIGHBORHOOD SCHOOLS UPON RECEIVING THEIR MASTERS DEGREE. SEE SCHEDULE O FOR ADDITIONAL EXPLANATION. FORM 990, PART VI, SECTION A, LINE 2 DAVID MONTAGUE, PRESIDENT AND EMPLOYEE, AND ROBERT MONTAGUE, TREASURER AND UNCOMPENSATED BOARD MEMBER, ARE BROTHERS. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND COMMENT BEFORE THE RETURN WAS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE ORGANIZATION REQUIRES THE OFFICERS AND DIRECTORS TO REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN AN ANNUAL CERTIFICATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION OF MANAGEMENT, COMPARES TO OTHER SIMILAR NOT FOR PROFITS IN THE MEMPHIS AREA, CONSULTS WITH OTHER SIMILAR ORGANIZATIONS, AND SETS THE COMPENSATION COMMENSURATE WITH RESPONSIBILITIES. FORM 990, PART VI, SECTION C, LINE 19 MEMPHIS TEACHER RESIDENCY, INC. HAS ALL DOCUMENTS REQUIRED TO BE AVAILABLE FOR INSPECTION IN A SPECIFIC BINDER MARKED "OPEN FOR PUBLIC INSPECTION AND IS READILY AVAILABLE UPON REQUEST BY THE PUBLIC. FORM 990, PART IX, LINE 11G STIPENDS: PROGRAM SERVICE EXPENSES 490,147. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 490,147. CAMP STIPENDS: PROGRAM SERVICE EXPENSES 158,640. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 158,640.