Memphis University School
Memphis University School reported $35.3 million in revenue and $22.9 million in expenses for the fiscal year ending July 31, 2025. Of every $100 it spent, $74.96 went to program services, $19.68 to management and general costs and $5.36 to fundraising. Its largest source of revenue was contributions and grants: 50.5% of the total. The highest compensation it reported for one person was $372,261 (Headmaster). 12 people received more than $100,000 in reportable compensation. Revenue rose 80% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending July 31, 2025 · Form 990, Part IX, line 25 · total expenses $23MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending July 31, 2025 · Form 990, Part VIII · total revenue $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 75.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 5.4% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 50.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 45.2% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $372,261 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.63% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 12 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 46.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 24 of 24 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Headmaster Officer, 40.0 hrs/week | $347,521 | $0 | $24,740 | $372,261 |
| Dir of Business Operations Officer, 40.0 hrs/week | $189,102 | $0 | $16,819 | $205,921 |
| Assoc. Headmaster, Head Lower School Highest compensated employee, 40.0 hrs/week | $166,144 | $0 | $15,671 | $181,815 |
| Dir of Advancement Key employee, 40.0 hrs/week | $164,025 | $0 | $15,565 | $179,590 |
| Upper School Principal Highest compensated employee, 40.0 hrs/week | $142,374 | $0 | $14,483 | $156,857 |
| Director of College Counseling Highest compensated employee, 40.0 hrs/week | $129,048 | $0 | $13,816 | $142,864 |
| Director of IT Highest compensated employee, 40.0 hrs/week | $108,742 | $0 | $12,801 | $121,543 |
| Instructor of Mathematics Highest compensated employee, 40.0 hrs/week | $108,114 | $0 | $12,770 | $120,884 |
12 people received more than $100,000 in reportable compensation from Memphis University School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $845K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b24 · 24 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14No
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5142
- Volunteers Part I, line 625
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| Crump Firm Architecture | $1,267,783 |
| Grinder Taber and Grinder Construction | $345,036 |
| Landscape Workshop Landscaping | $126,004 |
| Warner's Athletic Field Maintenance | $123,445 |
| All American Inc Sporting goods | $114,164 |
Individuals listed as contractors are left out. 6 contractors were paid more than $100,000 in all.
Private foundation grants it received
18 private foundations reported grants to Memphis University School totaling $896K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Memphis University School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Memphis University School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Memphis University School spent in FY2025, $74.96 went to programs. The full breakdown, from its IRS Form 990:
Embed on your site
Similar-sized charities in this cause
- Portland State University FoundationPortland, OR · revenue $35M · programs 65.8% · FY2025
- Associated Beth Rivka School for GirlsBrooklyn, NY · revenue $35M · programs 70.7% · FY2025
- Longwood University Real Estate FoundationFarmville, VA · revenue $35M · programs 98.9% · 2024
- Trustees of Thornton AcademySaco, ME · revenue $35M · programs 94.7% · FY2025
- Leap Academy University Charter SchoolCamden, NJ · revenue $35M · programs 77.7% · FY2025
Questions people ask
How much of Memphis University School's spending goes to programs?
In the fiscal year ending July 31, 2025, Memphis University School reported that 75.0% of its $22.9 million in expenses went to program services, 19.7% to management and general and 5.4% to fundraising (Form 990, Part IX).
How much does Memphis University School pay its top executive?
The largest total compensation Memphis University School reported for one person in the fiscal year ending July 31, 2025 was $372,261, for the role of Headmaster (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Memphis University School get its money?
Of $35.3 million in revenue in the fiscal year ending July 31, 2025, 50.5% came from contributions and grants and 45.2% from program service revenue (Form 990, Part VIII).
Is Memphis University School a registered charity?
The IRS lists EIN 62-0545618 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending July 31, 2025, object 202600979349300120 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending July 31, 2024, object 202541539349300644 · read the filing
- FY2023: Form 990 for the fiscal year ending July 31, 2023, object 202313569349301016 · read the filing
- FY2022: Form 990 for the fiscal year ending July 31, 2022, object 202311039349300346 · read the filing
- FY2021: Form 990 for the fiscal year ending July 31, 2021, object 202221669349300432 · read the filing
- FY2020: Form 990 for the fiscal year ending July 31, 2020, object 202140679349300209 · read the filing
All filings for EIN 62-0545618: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.