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THE FOUNDATION ACCEPTS, MANAGES, AND DISBURSES PRIVATE SUPPORT TO THE UNIVERSITY OF MEMPHIS.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2023
Total Revenue
▼$40.9M
Program Spending
95%
of total expenses go to program services
Total Contributions
$29.1M
Total Expenses
▼$22.8M
Total Assets
$264.3M
Total Liabilities
▼$19.1M
Net Assets
$245.3M
Officer Compensation
→$357K
Other Salaries
$220.7K
Investment Income
$6.5M
Fundraising
▼N/A
Tax Year 2023 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $21.6M
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
UNIVERSITY OF MEMPHIS62-0648618 | MEMPHIS, TN | $9.5M | Cash | UNIVERSITY AWARDS AND SCHOLARSHIPS |
UNIVERSITY OF MEMPHIS62-0648618 | MEMPHIS, TN | $8.3M | Non-Cash | UNIVERSITY GENERAL SUPPORT (SEE PART IV) |
UNIVERSITY OF MEMPHIS62-0648618 | MEMPHIS, TN | $3.8M | Cash | UNIVERSITY SUPPORT, ADVANCEMENT, AND SPECIAL PROJECTS |
| Total | $21.6M | |||
UNIVERSITY OF MEMPHIS
MEMPHIS, TN
$9.5M
UNIVERSITY OF MEMPHIS
MEMPHIS, TN
$8.3M
UNIVERSITY OF MEMPHIS
MEMPHIS, TN
$3.8M
Source: USAspending.gov
Federal award data is temporarily unavailable.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
No federal single audit records found for this organization.
Single audits are required for entities expending $750,000+ in federal awards annually.
Tax Year 2023 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023IRS e-File | $40.9M | $29.1M | $22.8M | $264.3M | $245.3M |
| 2022IRS e-File | $47.6M | $43.1M | $32.8M | $222.7M | $207.1M |
| 2021 | $38.7M | $32M | $32.5M | $175.4M | $171M |
| 2020 | $23.1M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2023)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2023)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Holly Ford | Foundation CEO | 30 | $169.6K | $0 | $30.6K | $200.2K |
| Mark Nicell | Foundation Cbo | 30 | $136.2K | $0 | $14.1K | $150.2K |
| David Tate | President | 1 | $0 | $0 | $0 | $0 |
| John Wilfong | Vice President | 1 | $0 | $0 | $0 | $0 |
| Tanya Hart | Treasurer | 1 | $0 | $0 | $0 | $0 |
| Glynna Christian | Secretary | 1 | $0 | $0 | $0 | $0 |
Holly Ford
Foundation CEO
$200.2K
Hrs/Wk
30
Compensation
$169.6K
Related Orgs
$0
Other
$30.6K
Mark Nicell
Foundation Cbo
$150.2K
Hrs/Wk
30
Compensation
$136.2K
Related Orgs
$0
Other
$14.1K
David Tate
President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Wilfong
Vice President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tanya Hart
Treasurer
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Glynna Christian
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Daphne Large | Director | 1 | $0 | $0 | $0 | $0 |
| Dr Bill Hardgrave | Director | 1 | $0 | $711K | $24.9K | $735.9K |
| Dr Douglas Scarboro | Director | 1 | $0 | $0 | $0 | $0 |
| Dr Reginald Porter | Director | 1 | $0 | $0 | $0 | $0 |
| Fred Towler | Immediate Past President | 1 |
Daphne Large
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Dr Bill Hardgrave
Director
$735.9K
Hrs/Wk
1
Compensation
$0
Related Orgs
$711K
Other
$24.9K
Dr Douglas Scarboro
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $12.3M |
| $26.3M |
| $142.2M |
| $134.5M |
| 2019 | $36M | $26.5M | $35.3M | $152.6M | $142.6M |
| 2018 | $48.8M | $21.6M | $31.6M | $149.2M | $139.4M |
| 2017 | $20.3M | $17.8M | $35.1M | $147.1M | $138.2M |
| 2016 | $29.8M | $28.2M | $23.5M | $151.1M | $142.1M |
| 2015 | $29.1M | $24.3M | $25.3M | $149.6M | $140.6M |
| 2014 | $48.8M | $30.6M | $28.3M | $148.1M | $137.1M |
| 2013 | $33.6M | $29.8M | $25.9M | $130.1M | $118.4M |
| 2012 | $27M | $23.8M | $24.8M | $114.3M | $103.5M |
| 2011 | $21.4M | $17.6M | $23.4M | $112.5M | $102.2M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $0 |
| $0 |
| $0 |
| $0 |
| Harry Smith | Director | 1 | $0 | $0 | $0 | $0 |
| John Mickey Robinson | Director | 1 | $0 | $0 | $0 | $0 |
| Lauralan Grisoni | Director | 1 | $0 | $0 | $0 | $0 |
| Monica Wharton | Director | 1 | $0 | $0 | $0 | $0 |
| Raajkumar Kurapati | Director (term End 8/31/23) | 1 | $0 | $300.6K | $47.9K | $348.6K |
| Rene Bustamante | Director | 1 | $0 | $0 | $0 | $0 |
| Sudhir Agrawal | Director | 1 | $0 | $0 | $0 | $0 |
| Tyree Daniels | Director (term End 8/31/23) | 1 | $0 | $0 | $0 | $0 |
Dr Reginald Porter
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Fred Towler
Immediate Past President
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Harry Smith
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
John Mickey Robinson
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Lauralan Grisoni
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Monica Wharton
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Raajkumar Kurapati
Director (term End 8/31/23)
$348.6K
Hrs/Wk
1
Compensation
$0
Related Orgs
$300.6K
Other
$47.9K
Rene Bustamante
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Sudhir Agrawal
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Tyree Daniels
Director (term End 8/31/23)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0