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Filing year 2023

READ FOUNDATION

Memphis, Tennessee·EIN 94-3487601·NTEE B99 · Education·501(c)(3)
Total revenue
$26.2M
Total assets
$37.1M
Total expenses
$21.7M
Reported officers
8
Mission

THE MISSION OF MEMPHIS SCHOOL OF EXCELLENCE IS TO PROVIDE A SAFE AND COLLABORATIVE ENVIRONMENT WHICH WILL CULTIVATE THE ACADEMIC AND SOCIAL DEVELOPMENT OF ITS STUDENTS BY EMPHASIZING MATH, SCIENCE, AND TECHNOLOGY FOR THE PURPOSE OF STUDENTS SETTING AND MEETING HIGHER EDUCATION GOALS.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations nationwide.

Exec Director
Director (Operational)
Median to 75th percentile
$117k
$128k
Asst. Exec Director
Director (Operational)
25th percentile to median
$101k
$110k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at READ FOUNDATION equaled 0.5% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
0.5%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Down 4%
from 2022

From $122k in 2022 to $117k in 2023.

$122k
2022
$117k
2023
In today's dollarsEst.
Down 8% in real terms$140k to $128k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Director (Operational) pay fell 4% from 2022 to 2023, while revenue rose 30%.

$122k in 2022 to $117k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about READ FOUNDATION

What does the Director (Operational) of READ FOUNDATION earn?

In 2023, the Director (Operational) of READ FOUNDATION received $117,373 in total compensation. This pay is above the median (the midpoint) for Director (Operational) roles among Education organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Director (Operational) pay at READ FOUNDATION compare with similar nonprofits?

Compared with the same role at Education organizations nationwide, the 2023 pay of the Director (Operational) at READ FOUNDATION falls between the median and the 75th percentile. In 2023, the highest total compensation at READ FOUNDATION equaled 0.5% of the organization's total expenses. The median for education organizations is 7%.

What are READ FOUNDATION's revenue and expenses?

In 2023, READ FOUNDATION reported $26.2M in total revenue and $21.7M in total expenses on its IRS Form 990.

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