Ftc Qalicb Inc
- Assets
- $15.7m
- Revenue
- $737.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- Data as of
- 05/2022
- EIN
- 84-2654905
Organization Overview
Ftc Qalicb Inc is located in Jackson, MS. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ftc Qalicb 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 05/2022, Ftc Qalicb Inc generated $737.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $774.0k during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND CONSTRUCT A MUSEUM TO BENEFIT, SUPPORT, PERFORM THE CHARITABLE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSES, OF THE MISSISSIPPI CHILDREN'S MUSEUM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND CONSTRUCT A MUSEUM TO BENEFIT, SUPPORT, PERFORM THE CHARITABLE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSES, OF THE MISSISSIPPI CHILDREN'S MUSEUM.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Preston Dubberly Director | OfficerTrustee | 5 | $0 |
Susan Garrard Director | OfficerTrustee | 5 | $0 |
Sarah Skelton Director | OfficerTrustee | 5 | $0 |
Barbara Zeller Director | OfficerTrustee | 5 | $0 |
Janet Spain Director | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fountain Construction Building Construction | 5/30/22 | $665,996 |
Martinson's Garden Works Landscaping | 5/30/22 | $118,003 |
Heartland Scenic Studio Exhibit Fabrication | 5/30/22 | $244,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $587,633 |
| Noncash contributions included in lines 1a–1f | $587,633 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $587,633 |
| Total Program Service Revenue | $150,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $737,633 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,016 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $215,402 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $518,012 |
| Insurance | $1,521 |
| All other expenses | $0 |
| Total functional expenses | $773,951 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $316,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $15,370,995 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,712,511 |
| Accounts payable and accrued expenses | $33,678 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,012,961 |
| Total liabilities | $16,046,639 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$334,128 |
| Total liabilities and net assets/fund balances | $15,712,511 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Museum Of Fine Arts Foundation Little Rock, AR | $93,043,643 | $19,970,442 |
World War Ii Theatre Inc New Orleans, LA | $71,080,444 | $7,985,731 |
Foundation For Excellence In Louisiana Public Broadcasting Baton Rouge, LA | $50,029,430 | $8,763,063 |
Alabama Educational Television Foundation Authority Birmingham, AL | $11,749,441 | $5,899,982 |
Memphis Brooks Museum Of Art Inc Memphis, TN | $44,232,792 | $7,821,496 |
Bellingrath Gardens And Home Foundation Inc Theodore, AL | $4,998,208 | $3,680,917 |
Centennial Park Conservancy Nashville, TN | $5,267,235 | $2,768,009 |
Frist Art Museum Foundation Nashville, TN | $70,216,759 | $5,732,814 |
Birmingham Negro Southern League Museum Foundation Birmingham, AL | $525,950 | $1,055,962 |
Mpb Foundation Jackson, MS | $2,987,587 | $1,895,017 |
Dixon Gallery & Gardens Memphis, TN | $38,922,507 | $2,396,670 |
Charles H Coolidge Medal Of Honor Heritage Center Chattanooga, TN | $4,912,391 | $1,373,685 |