Memphis Teacher Residency Inc

Nonprofit profile at a glance

EIN
264440905
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Memphis, TN, USA
Phone
9019374687
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards
Affiliation
Christianity

Official website

Reported finances

Revenue
$7,623,924
Expenses
$6,156,706
Assets
$18,553,897
Liabilities
$10,433,004

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • DAVID MONTAGUE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • DAVID MONTAGUE (EXECUTIVE DIRECTOR): $136,645 total reported compensation
  • MEGAN SALEMI (DIRECTOR OF EDUCATION): $132,340 total reported compensation
  • ANGELINE GARDNER (DIRECTOR OF DEVELOPMENT): $123,720 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

As a response to the gospel mandate to love our neighbors as ourselves, memphis teacher residency ("mtr") will provide students in low-income memphis neighborhoods with the same, or better, quality of education as is available to any student in memphis by recruiting, training, and supporting effective teachers within a christian context.the vision of mtr is to use our specific work within education, in partnership with other holistic organizations, to help restore communities so that all individuals can become empowered contributors to our city and people of all races and classes can engage with one another in peace.

What it reported doing in 2024

Recruit, equips, and retains educators and teachers to work within memphis, Tennessee under-resourced neighborhoods and provide the opportunity to receive classroom learning along with practical experience since the program participants are paired with an experienced mentor-teacher in their content area for four days per week for an entire school year. Each successful participant will receive endorsements for elementary education or secondary education in math, biology, physics, chemistry, spanish, history or english. Each successful participant will receive the following: : masters of arts in teaching through christian brothers university : intensive classroom experience within memphis under-resourced neighborhood schools : state of Tennessee educator license : living and housing stipend for the 12 month training period : on-going evaluation and mentoring : leadership opportunitiesthe estimated cost for each participant in the 12 month training program is approximately $48,000. The number of program participants for the year ended may 31, 2025 is 30.

Operating model

Revenue model
Donor-supported. 64% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Liabilities are high compared with assets and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 94
  • Accountability: 100
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.9%; rating input score 67
  • Program expense ratio: 81.5%; rating input score 81
  • Fundraising efficiency: $36.09 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 19.2%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 3.01; rating input score 74; 74th percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 6.4%; rating input score 45; 45th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 21.7% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 66.9% of revenue deployed · 81.5% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5M in reported program spending
  • Leadership: top reported pay $137K · 16 people listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Liabilities to assets ratio scored 18/100.
  • Moderate — Sustainability: Officer compensation ratio scored 45/100.