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Read Foundation

Memphis School Of Excellence

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 943487601 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Read Foundation?

The Read Foundation, also known as Memphis School of Excellence, is a Memphis-based nonprofit organization with a mission to provide a nurturing environment that fosters the academic and social growth of its students. With a focus on math, science, and technology, this public charter school aims to help students reach their higher education goals. The organization, with a team of 194 employees, offers a safe and collaborative setting that prioritizes these subjects to ensure students thrive and succeed. The Read Foundation operates at 4451 S Mendenhall Rd, Memphis, TN 38141.


Official website here: www.sememphis.org

Is Read Foundation legitimate?

Read Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Read Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $116,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,114,599

For more financial information, click here


Official website here: www.sememphis.org

What is the mission statement of Read Foundation?

The Read Foundation is dedicated to fostering the academic and social growth of its students by promoting an engaging learning environment that emphasizes math, science, and technology. The organization's mission is to cultivate students' potential and help them set and achieve higher education goals. By focusing on these core subjects, the foundation aims to provide a collaborative and safe setting that encourages students' academic development and prepares them for future educational pursuits.


Official website here: www.sememphis.org

Who is the CEO of Read Foundation?

Samuel Beyhan is the Exec Director-Incoming of Read Foundation.


Official website here: www.sememphis.org

What is the revenue of Read Foundation?

Read Foundation's revenue in 2022 was $16,018,216.


Official website here: www.sememphis.org

Who are the executives of Read Foundation and what are their salaries?

The average compensation at Read Foundation during 2022 was $37,272. There are 194 employees and 150 volunteers at Read Foundation.

Here are 8 key members and their salaries:

    Samuel Beyhan (Exec Director-Incoming)
  • Compensation: $107,668
  • Related: $0
  • Other: $14,661

    • Muhammet Turkay (Exec Director-Outgoing)
  • Compensation: $69,668
  • Related: $0
  • Other: $10,052

    • Dr Cem Akkus (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr David C Akdemir (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Richard E Potts (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Veda V T Cherry (Vice-President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Ismail Fidan (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patty Farmer (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.sememphis.org

    Where can I find the form 990 for Read Foundation?

    The Read Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.sememphis.org

    Learn more at the official website: www.sememphis.org

    Mission Statement of Read Foundation

    The Read Foundation is a nonprofit organization dedicated to fostering a safe and collaborative environment that nurtures the academic and social growth of its students. By emphasizing math, science, and technology, the Foundation aims to help students set and achieve higher education goals. In simpler terms, the Read Foundation is a beacon of learning where students are encouraged to excel in these essential subjects, ultimately preparing them for future academic pursuits.

    Nestled within this mission, the Read Foundation offers a unique educational experience. With a strong emphasis on math, science, and technology, the organization creates an engaging and dynamic learning environment. Students are not only encouraged to master these subjects but also to apply their knowledge in practical ways. The Foundation's approach is rooted in the belief that these subjects are vital stepping stones to higher education and future success.

    The Read Foundation's commitment to its students extends beyond academic achievement. It also values the importance of social development. By fostering a collaborative environment, the Foundation encourages students to work together, build relationships, and learn from one another. This holistic approach allows students to develop essential skills that will serve them well in their future endeavors.

    In summary, the Read Foundation is a public charter school that provides educational opportunities to its students, focusing on math, science, and technology to help them meet higher education goals. Its mission is to cultivate a safe and collaborative environment where students can thrive academically and socially.

    Impact

    This information is meant to be a general summary of Read Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Read Foundation's impact can be seen in the academic and social development of its students in Memphis, TN. By emphasizing math, science, and technology, the foundation provides a safe and collaborative environment for students to set and meet higher education goals. Through its public charter school, Read Foundation contributes to the educational opportunities available to the surrounding community, empowering students to excel in these critical fields.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $111,773
  • Program Service Revenue: $13,862,913
  • Gross Receipts: $16,018,216

    • Assets and Liabilities:
  • Total Assets: $29,882,886
  • Total Liabilities: $20,084,832
  • Net Assets: $9,798,054
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PER PUPIL ALLOCATION REVENUE

    Revenue

    $13,822,639

    LOCAL REVENUE

    Revenue

    $40,274

    Organization Details

    Founding Year

    2009

    Principal Officer

    Samuel Beyhan

    Main Address

    4450 S MENDENHALL RD, MEMPHIS, TN, 38141

    NTEE Category

    Code: B99 - Education

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