Memphis Museums Inc

Organization Overview

Memphis Museums Inc is located in Memphis, TN. The organization was established in 1969. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Memphis Museums Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Museums Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2021, Memphis Museums Inc generated $3.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $2.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO INSPIRE PEOPLE TO LEARN HOW HISTORY, SCIENCE, TECHNOLOGY, AND NATURE SHAPE THE MID-SOUTH.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MEMPHIS MUSEUM EDUCATION PROGRAMS -- GIANT SCREEN THEATER FEATURING HISTORY, NATURAL HISTORY, AND SCIENCE FILMS; LICHTERMAN NATURE CENTER FEATURING INDOOR EXHIBITS AND OUTDOOR HABITATS WITH ENVIRONMENTAL EDUCATION PROGRAMS; PINK PALACE EDUCATION SCHOOL AND GENERAL AUDIENCE PROGRAMS; COON CREEK SCIENCE CENTER FOR SCHOOL GROUPS EVACAVATING 73 MILLION Y.O. FOSSILS INCLUDING UNIVERSITY RESEARCH AND TEACHER TRAINING IN PARTERSHIP WITH UNIV TN-MARTIN; SHARPE PLANETARIUM FEATURING EDUCATIONAL ASTROMONY-RELATED SHOW FOR THE PUBLIC AND SCHOOL GROUPS; AND HISTORIC PROPERTIES --EDUCATIONAL PROGRAMS AND GUIDED TOURS OF THE 1836 MAGEVNEY HOUSE AND THE 1852 MALLORY-NEELY HOUSE. PROGRAMS INCLUDE HISTORIC PRESERVATION PROJECTS; GUIDED TOURS INTERPRETING THE HOMES, THE PEOPLE WHO LIVED IN THEM, THE FURNISHINGS, CLOTHING, (CONTINUED) (CONTINUED) FOOD, AND SOCIAL HISTORY AS EXPERIENCED THROUGH THE RESIDENTS OF THE HOUSES.


PINK PALACE EXHIBITIONS -- PERMANENT EXHIBITIONS ABOUT THE CULTURAL HISTORY AND NATURAL HISTORY OF THE MID-SOUTH. TEMPORARY/TRAVELING EXHIBITIONS ABOUT SCIENCE, HISTORY, AND NATURAL HISTORY.


CURATORIAL SERVICES -- CONSERVATION AND PRESERVATION OF OVER 60,000 ARTIFACTS AND OBJECTS IN SUPPORT OF EDUCATION PROGRAMS AND EXHIBITIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Kevin Thompson
Executive Director
$192,200
Linda Foster
President
$0
Chad Boyd
Treasurer
$0
Taraiq Hasan
Vice President
$0
Laura Lee Woods
Secretary/friends President
$0
Bertha Gilmore
Friends Vice President
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Pinnacle Mastercard
Credit Card Charging
$172,539
Ia Collaborative
Exhibit Planning
$229,604
Lebonheur Children's Hospital Foundation
Revenue Collected For Enchanted Forrest
$140,963
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$149,859
Fundraising events$0
Related organizations$0
Government grants $216,158
All other contributions, gifts, grants, and similar amounts not included above$1,881,846
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,247,863
Total Program Service Revenue$590,275
Investment income $24,907
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $256,568
Net Gain/Loss on Asset Sales $60,557
Net Income from Fundraising Events -$2,628
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $116,137
Miscellaneous Revenue$0
Total Revenue $3,293,679

Grants Recieved

Over the last fiscal year, we have identified 7 grants that Memphis Museums Inc has recieved totaling $91,675.

Awarding OrganizationAmount
Community Foundation Of Greater Memphis Inc

Memphis, TN

PURPOSE: GENERAL OPERATIONAL SUPPORT

$28,300
Helen Frankenthaler Foundation Inc

New York, NY

PURPOSE: FCI-GRANT-2021

$19,220
Lichterman-Loewenberg Foundation

Memphis, TN

PURPOSE: PROGRAM RELATED

$16,665
Humanities Tennessee

Nashville, TN

PURPOSE: HUMANITIES PROJECT

$13,428
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$10,000
Bluescope Foundation North America

Kansas City, MO

PURPOSE: STEAM

$4,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$2,894,611
Earnings$883,987
Ending Balance$3,778,598

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