Public Charity

READ FOUNDATION

READ FOUNDATION is a nonprofit organization categorized as Public Charity based in MEMPHIS, TN. Its most recent IRS filing (2024) reports revenue of $26.2M, expenses of $21.7M, total assets of $37.1M. Imperigo tracks 10 reported grant relationships connected to this organization totaling approximately $860K.

EIN: 943487601 MEMPHIS, TN Latest filing: 2024
Total Revenue$26.2M
Total Expenses$21.7M
Total Assets$37.1M
Grant Records10
Funding Total$860K
Filing Years2020–2024

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.

Sample Grants Received

50CAN INC
2024
TO SUPPORT SUMMER BOOST
$252,000
PROJECT LEAD THE WAY INC
2024
Program Implementation
$10,000
50CAN INC
2023
TO SUPPORT SUMMER BOOST
$320,000
DIGITAL PROMISE GLOBAL
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
PROJECT LEAD THE WAY INC
2023
Program Implementation
$10,000

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

Officers & Directors

BOARD MEMBER Dr Cem Akkus
BOARD MEMBER Dr David C Akdemir
BOARD MEMBER / SECRETARY Dr Ismail Fidan
PRESIDENT Dr Richard E Potts
ASST. EXEC DIRECTOR Mugire Ayci
TREASURER 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
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
2020 $8.4M $7.5M $14.7M

Between 2020 and 2024, reported annual revenue grew from $8.4M to $26.2M (+211%), with total assets most recently reported at $37.1M.

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

See the full picture for READ FOUNDATION

Complete financials, all 10 grant records, officer compensation, year-over-year trend charts, a geographic grant map, and data exports — across 498,000+ organizations.

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