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Nonprofit · EIN 62-1723618

MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC

Tax-exempt · MEMPHIS, TN 38120

Financials

$1.8M$1.5M2023$1.6M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,629,711$1,476,799$152,912$7,956,888$0$7,956,888
June 30, 2024990$1,799,579$1,546,743$252,836$7,824,741$0$7,824,741
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$1,395,496
Program service revenue
$0
Investment income
$183,350
Net gain from sales of assets
-$48,043
Net income from fundraising events
$50,865
Other revenue
$50,865

Expenses

Grants and similar amounts paid
$1,086,164
Compensation of officers, directors and key employees
$160,812
Other salaries and wages
$116,861
Salaries, compensation and benefits (total)
$311,622
Professional fundraising fees
$0
Accounting fees
$14,083
Occupancy
$12,000
Program services (functional)
$1,086,164
Management and general (functional)
$263,781
Fundraising (functional)
$126,854

Balance sheet and other

Total assets, start of year
$7,824,741
Total assets, end of year
$7,956,888
Total liabilities, end of year
$0
Net assets, end of year
$7,956,888
Publicly traded securities
$3,127,151
Net assets without donor restrictions
$7,324,887
Net assets with donor restrictions
$632,001
Gross receipts
$3,529,096
Employees
4
Volunteers
20
Year formed
1998
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ABBEY S COWENSPAST EXECUTIVE DIRECTOR
Officer
40$133,774$8,887
E CARL KRAUSNICK JRBOARD CHAIR
Trustee or director, Officer
1$0$0
TRENT D WILLIAMSONDIRECTOR
Trustee or director
1$0$0
ELLIS L HAGUEWOODDIRECTOR
Trustee or director
1$0$0
MARY SCHELLDIRECTOR
Trustee or director
1$0$0
KATHERINE T DICKINSONDIRECTOR
Trustee or director
1$0$0
HAL FOGELMANDIRECTOR
Trustee or director
1$0$0
KEITH MCBRIDE IIDIRECTOR
Trustee or director
1$0$0
CALVIN SULLIVANTREASURER
Trustee or director, Officer
1$0$0
BOB SOLMSONDIRECTOR
Trustee or director
1$0$0
BARBARA MELONIDIRECTOR
Trustee or director
1$0$0
JOSEFINA SHIRLEYCURRENT EXECUTIVE DIRECTOR
Officer
40$0$0
990 for the year ended June 30, 2024: 14 people
NameTitleHours / weekCompensationOther / benefits
ABBEY S COWENSEXECUTIVE DIRECTOR
Officer
40$120,839$11,774
ALEXIS S FABERBOARD CHAIR
Trustee or director
1$0$0
E CARL KRAUSNICK JRDIRECTOR
Trustee or director
1$0$0
ELKAN SCHEIDTDIRECTOR
Trustee or director
1$0$0
NICK GOETZEDIRECTOR
Trustee or director
1$0$0
TRENT D WILLIAMSONDIRECTOR
Trustee or director
1$0$0
ELLIS L HAGUEWOODDIRECTOR
Trustee or director
1$0$0
MARY SCHELLDIRECTOR
Trustee or director
1$0$0
KATHERINE T DICKINSONDIRECTOR
Trustee or director
1$0$0
HAL FOGELMANDIRECTOR
Trustee or director
1$0$0
KEITH MCBRIDE IIDIRECTOR
Trustee or director
1$0$0
CALVIN SULLIVANDIRECTOR
Trustee or director
1$0$0
BOB SOLMSONDIRECTOR
Trustee or director
1$0$0
BARBARA MELONIDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1000 RIDGEWAY LOOP RD STE 100, MEMPHIS, TN 38120-4037
Principal officer (990 for 2024)
E CARL KRAUSNICK, 1000 RIDGEWAY LOOP RD 100, MEMPHIS, TN 38120
Signed the 990
E CARL KRAUSNICK, BOARD CHAIR
Phone
(901) 842-5328
Return prepared by
HENDERSON HUTCHERSON & MCCULLOUGH PLLC

Mission

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.

990 for the year ended June 30, 2025

Program accomplishments

  • 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.
    Expenses $1,086,164 · grants $1,086,164

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
62-1723618
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$7,956,888
Income (IRS master file)
$3,529,096

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,629,711$1,476,799$7,956,888XML
990June 2024$1,799,579$1,546,743$7,824,741XML
990June 2023$1,847,486$1,403,489$7,501,630IRS
990June 2022–––IRS
990June 2021–––IRS
990June 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1723618).

Questions about MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC

What is the EIN of MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC?
The employer identification number (EIN) of MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC is 62-1723618.
Is MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC?
The 990 for the year ended June 30, 2025 names E CARL KRAUSNICK.
Who are the officers and directors of MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC?
The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $133,774 (ABBEY S COWENS, PAST EXECUTIVE DIRECTOR).
How much revenue does MEMPHIS OPPORTUNITY SCHOLARSHIP TR INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,629,711, expenses of $1,476,799 and total assets of $7,956,888 at year end.

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