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Memphis Teacher Residency Inc

  • Memphis, TN
  • Tax-exempt since Dec. 2009
  • EIN: 26-4440905

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$6.67M (2024)

Expenses
$5.43M (2024)

Total Assets
$17.9M (2024)

Total Liabilities
$11.2M (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending May
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,665,811
Expenses
$5,429,643
Net Income
$1,236,168
Net Assets
$6,653,675
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,735,844
71.0%
Program Services $1,771,637
26.6%
Investment Income $158,330
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $130,747
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $2,202,841
40.6%
Assets/Debt
Total Assets $17,899,568
Total Liabilities $11,245,893
Net Assets $6,653,675
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $117,756 $0 $12,625
Megan Salemi (Director Of Education) $111,051 $0 $12,439
Angeline Gardner (Director Of Development) $110,847 $0 $9,790
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
David Brown (Director) $0 $0 $0
Chris Hill (Director) $0 $0 $0
Dorsey Hopson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Sept. 4, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,262,203
Expenses
$5,349,705
Net Income
-$87,502
Net Assets
$5,417,507
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,692,210
70.2%
Program Services $1,569,993
29.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $124,500
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,114,710
39.5%
Assets/Debt
Total Assets $17,352,776
Total Liabilities $11,935,269
Net Assets $5,417,507
Compensation
Key Employees and Officers Compensation Related Other
Megan Salemi (Director Of Education) $116,714 $0 $14,663
David Montague (Executive Director) $115,383 $0 $15,575
Angeline Gardner (Director Of Development) $107,741 $0 $23,312
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
David Brown (Director) $0 $0 $0
Chris Hill (Director) $0 $0 $0
Dorsey Hopson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 14, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,575,161
Expenses
$5,235,893
Net Income
$1,339,268
Net Assets
$5,505,009
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,584,026
84.9%
Program Services $991,135
15.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $121,263
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $2,048,009
39.1%
Assets/Debt
Total Assets $5,540,031
Total Liabilities $35,022
Net Assets $5,505,009
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $111,543 $0 $11,082
Megan Salemi (Director Of Education) $102,968 $0 $8,410
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
David Brown (Director) $0 $0 $0
Chris Hill (Director) $0 $0 $0
Dorsey Hopson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Aug. 29, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,736,462
Expenses
$5,222,029
Net Income
-$485,567
Net Assets
$4,165,741
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,147,062
87.6%
Program Services $589,400
12.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $114,000
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,995,159
38.2%
Assets/Debt
Total Assets $4,198,944
Total Liabilities $33,203
Net Assets $4,165,741
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $109,479 $0 $15,627
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
David Brown (Director) $0 $0 $0
Chris Hill (Director) $0 $0 $0
Dorsey Hopson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 27, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,630,350
Expenses
$5,187,476
Net Income
$1,442,874
Net Assets
$4,651,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,315,785
95.3%
Program Services $314,565
4.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,000
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,908,994
36.8%
Assets/Debt
Total Assets $4,663,316
Total Liabilities $12,008
Net Assets $4,651,308
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $113,918 $0 $15,595
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
David Brown (Director) $0 $0 $0
Chris Hill (Director) $0 $0 $0
Dorsey Hopson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 8, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,672,111
Expenses
$5,754,080
Net Income
-$81,969
Net Assets
$3,208,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $5,591,698
98.6%
Program Services $80,413
1.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,000
2.1%
Professional Fundraising Fees $0
Other Salaries and Wages $2,055,416
35.7%
Assets/Debt
Total Assets $3,220,596
Total Liabilities $12,162
Net Assets $3,208,434
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $111,844 $0 $3,600
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
David Brown (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 9, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,367,061
Expenses
$5,407,781
Net Income
-$1,040,720
Net Assets
$3,290,403
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,306,863
98.6%
Program Services $60,198
1.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $122,764
2.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,806,885
33.4%
Assets/Debt
Total Assets $3,331,226
Total Liabilities $40,823
Net Assets $3,290,403
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $115,365 $0 $3,600
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Oct. 12, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,345,710
Expenses
$4,191,946
Net Income
$3,153,764
Net Assets
$4,331,123
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,313,045
99.6%
Program Services $32,665
0.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $122,763
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $1,785,187
42.6%
Assets/Debt
Total Assets $4,803,457
Total Liabilities $472,334
Net Assets $4,331,123
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $119,164 $0 $11,372
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Dr Carol Johnson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Jan. 22, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,371,571
Expenses
$3,915,801
Net Income
$455,770
Net Assets
$1,177,359
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,347,735
99.5%
Program Services $23,836
0.5%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $123,959
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $1,567,801
40.0%
Assets/Debt
Total Assets $1,177,359
Total Liabilities $0
Net Assets $1,177,359
Compensation
Key Employees and Officers Compensation Related Other
David Montague (President) $112,074 $0 $11,885
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Carol Johnson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 15, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,633,299
Expenses
$3,554,587
Net Income
$78,712
Net Assets
$721,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,622,536
99.7%
Program Services $10,763
0.3%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $130,056
3.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,272,495
35.8%
Assets/Debt
Total Assets $749,836
Total Liabilities $28,247
Net Assets $721,589
Compensation
Key Employees and Officers Compensation Related Other
David Montague (President) $117,277 $0 $12,780
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
Carole Johnson (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Dec. 15, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,978,737
Expenses
$2,766,781
Net Income
$211,956
Net Assets
$642,877
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,938,503
98.6%
Program Services $40,234
1.4%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $152,780
5.5%
Professional Fundraising Fees $0
Other Salaries and Wages $978,126
35.4%
Assets/Debt
Total Assets $676,460
Total Liabilities $33,583
Net Assets $642,877
Compensation
Key Employees and Officers Compensation Related Other
David Montague (Executive Director) $137,846 $0 $7,965
Tom Marino (Secretary) $0 $0 $0
Dr Maxie Dunnam (Director) $0 $0 $0
Robert Montague (Treasurer) $0 $0 $0
David Harris (Chairman) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 4, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,901,914
Expenses
$1,904,124
Net Income
-$2,210
Net Assets
$430,921
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,901,914
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $154,472
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,063,457
55.9%
Assets/Debt
Total Assets $484,932
Total Liabilities $54,011
Net Assets $430,921

Document Links

990
Filed on March 12, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,089,375
Expenses
$1,806,746
Net Income
$282,629
Net Assets
$433,131
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,089,375
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $120,000
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $955,049
52.9%
Assets/Debt
Total Assets $474,803
Total Liabilities $41,672
Net Assets $433,131

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 2)

Fiscal Year Ending May
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending May
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending May
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 3) PDF (3 of 3)

Fiscal Year Ending March
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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