Public Charity

READ FOUNDATION DBA MEMPHIS SCHOOL OF EXCELLENCE

READ FOUNDATION DBA MEMPHIS SCHOOL OF EXCELLENCE is a nonprofit organization categorized as Public Charity based in CORDOVA, TN. Its most recent IRS filing (2025) reports revenue of $24.1M, expenses of $23.0M, total assets of $37.7M. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $860K.

EIN: 943487601 CORDOVA, TN Education N.E.C. NTEE: B99 Latest filing: 2025
Total Revenue$24.1M
Total Expenses$23.0M
Total Assets$37.7M
Grant Records10
Funding Total$860K
Filing Years2021–2025

Mission

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENTEACH STUDENT IS EMPOWERED TO SUCCEED IN COLLEGE AND CAREER BY:MASTERING A RIGOROUS, STEM-FOCUSED CURRICULUM,EXPERIENCING A SAFE, WELCOMING, AND INCLUSIVE ENVIRONMENT,RECEIVING INDIVIDUAL ACADEMIC, SOCIAL, AND EMOTIONAL SUPPORT,WORKING ALONGSIDE FAMILIES AND COMMUNITY PARTNERS.COLORS: BLUE, RED, WHITE | MASCOT: EAGLE | MOTTO: SOARING TO EXCELLENCES: SERVICE | O: OPPORTUNITY | A: ACHIEVEMENT | R: RESPONSIBILITY

Sample Grants Received

2024
TO SUPPORT SUMMER BOOST
$252,000
2024
Program Implementation
$10,000
2023
TO SUPPORT SUMMER BOOST
$320,000
2023
TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE SCHOOLS WITH ALWAYS-AVAILABLE ACCESS TO TECHNOLOGY AND EMPOWERS THEM TO BE CONTENT CREATORS, ADEPT PROBLEM-SOLVERS, AND RESPONSIBLE CONSUMERS OF DIGITAL MEDIA AND LEARNING RESOURCES.
$210,000
2023
Program Implementation
$10,000

Showing up to 5 of 10 total records — full history available with membership.

Officers & Directors

MEMBER Dr Cem Akkus
MEMBER Dr David Akdemir
SECRETARY / MEMBER Dr Ismail Fidan
PRESIDENT Dr Richard E Potts
ASSISTANT EXECUTIVE DIRECTOR Mugire Ayci
TREASURY Patty Farmer

Officer compensation and complete director data available with membership.

Top Grant Purposes

TO SUPPORT SUMMER BOOST
$572,000 2 grants
TO PROVIDE TEACHERS AND STUDENTS IN U.S. MIDDLE SCHOOLS WITH ALWAYS-AVAILABLE ACCESS TO TECHNOLOGY AND EMPOWERS THEM TO BE CONTENT CREATORS, ADEPT PROBLEM-SOLVERS, AND RESPONSIBLE CONSUMERS OF DIGITAL MEDIA AND LEARNING RESOURCES.
$210,000 1 grant
EDUCATIONAL SUPPORT
$40,000 2 grants
Program Implementation
$20,000 2 grants
GENERAL OPERATIONAL SUPPORT
$17,750 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $24.1M $23.0M $37.7M
2024 $26.2M $21.7M $37.1M
2023 $20.1M $19.5M $32.1M
2022 $16.0M $14.1M $29.9M
2021 $13.6M $11.2M $15.9M

Between 2021 and 2025, reported annual revenue grew from $13.6M to $24.1M (+77%), with total assets most recently reported at $37.7M.

Interactive year-over-year charts and full filing details available with membership.

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