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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Memphis Education Fund Inc.

Memphis Education Fund Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

1350 Concourse Ave Ste 434
100
Memphis, Tennessee 38104

Memphis Education Fund Inc. (EIN: 47-3660677) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Memphis Education Fund Inc., a 501(c)(3) charitable organization, reported compensation for 3 out of 7 total employees. Among the employees shown here, the average compensation is $189,530. The highest compensated employee at Memphis Education Fund Inc. is Terence Patterson with fiscal year 2024 compensation of $280,404.

Revenue, expenses, and employee compensation

Revenue

$4,867,433

Expenses

$4,702,797

Employee compensation

$890,925
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Terence Patterson
Chief Executive Officer
$280,404
$256,973 No related comp$23,431
Venita M Doggett
Advocacy Director
$169,803
$152,021 No related comp$17,782
Binh Doan
Director of Finance and Strategy
$118,384
$105,570 No related comp$12,814

Benchmark Employee Compensation

Non-Employee Board Members

Darryl Cobb
Chair
David Mansouri
Board Member
Dorsey Hopson
Board Member
Holly Coleman
Board Member
Michelle Armstrong
Board Member
Timico Boykins-Cox
Treasurer
Tomeka Hart
Board Member

Contractors

Crosstown Master Tenant LLC
Rent
$386,128

Mission Statement

TO WORK IN PARTNERSHIP WITH THE SHELBY COUNTY SCHOOL DISTRICT AND THE ACHIEVEMENT SCHOOL DISTRICT ON STRATEGIES THAT SUPPORT SCHOOL IMPROVEMENT, DEVELOPMENT, AND IMPLEMENTATION OF INITIATIVES FOCUSED ON INCREASING K-12 EDUCATIONAL OUTCOMES IN THE GREATER MEMPHIS, TN AREA.

Revisions to this organization profile

November 17, 2025:
2024 Memphis Education Fund Inc. 990 filed
November 17, 2025:
Amended (originally filed November 15, 2024)2023 Memphis Education Fund Inc. 990 filed
November 17, 2025:
Amended (originally filed November 15, 2023)2022 Memphis Education Fund Inc. 990 filed

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