To operate auxiliary enterprises which directly benefit the University of Memphis, and accept, administer, apply, and use property acquired by gift, grant, devise, bequest, or otherwise solely for the benefit of the university.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$13.3M
-6.0% YoY
Revenue
$4.5M
-60.5% YoY
Net Investment Income
$319K
+14.8% YoY
Expenses
$2.8M
-80.5% YoY
About Auxiliary Services Foundation
Based on IRS filings
Auxiliary Services Foundation is a nonprofit organization focused on Education, based in MEMPHIS, TN. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $13.3M in total assets. Net investment income was $319K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $13,348,475 | $14,202,118 | $18,678,367 |
| Revenue | $4,504,661 | $11,399,989 | $9,864,492 |
| Expenses | $2,785,115 | $14,312,536 | $9,585,739 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $319,034 | $277,901 | $58,469 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Rick Spell | President | 1 | — |
| John Hartney | Vice President | 1 | — |
| Fred Towler | Secretary/Treasurer | 1 | — |
| Rene Bustamante | U of M COO/CFO | 2 | — |
| Dr Bill Hardgrave | UofM President | 1 | — |
| Raaj Kurapati | UofM CFO | 2 | — |
| Greg DuBois | UofM Interim CFO | 2 | — |
| Haley Prewett | CFO, ASF | 7.5 | — |
| Jeff Crane | Executive Director, ASF | 3.75 | — |
| Steve McDaniel | Retained Legal Counsel | 2 | $11,460 |
| Andrew Roberts | Executive Director, ASF | 7.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Auxiliary Services Foundation?
Auxiliary Services Foundation is a nonprofit organization focused on Education, based in MEMPHIS, TN. It holds $13.3M in total assets as of 2024.
How large is Auxiliary Services Foundation?
As of 2024, Auxiliary Services Foundation holds $13.3M in total assets with $4.5M in annual revenue.
Where does Auxiliary Services Foundation operate?
Auxiliary Services Foundation has awarded grants in Tennessee.
What is Auxiliary Services Foundation's EIN?
Auxiliary Services Foundation's EIN (Employer Identification Number) is 47-2335297. IRS Form 990 filing data is available on this page for 2021–2024.
Explore Open Grants
Browse active grant opportunities in Auxiliary Services Foundation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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