Totals
- Total revenue
- $4,048,706
- Total expenses
- $4,514,514
- Contributions and grants received
- $2,584,948
- Grants paid
- $0
- Program service revenue
- $1,148,935
- Investment income
- $49,796
- Other revenue
- $265,027
- Total assets, end of year
- $8,747,072
- Total liabilities, end of year
- $297,484
- Net assets or fund balances, end of year
- $8,449,588
- Program services expenses (Part IX)
- $3,301,327
- Management and general expenses
- $943,846
- Fundraising expenses
- $269,341
- Program service expenses (Part III)
- $3,301,327
Program services were 73.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$2,584,948
-
1g · Noncash contributions included above
$9,440
-
2a · Program service revenue: ADMISSIONS AND MEMBERS
total $555,774 · related or exempt $555,774
-
2b · Program service revenue: SPONSORSHIPS/PARTNERSH
total $274,844 · related or exempt $274,844
-
2c · Program service revenue: PROGRAM INCOME
total $207,510 · related or exempt $207,510
-
2d · Program service revenue: OTHER REVENUE
total $110,807 · related or exempt $110,807
-
3 · Investment income
total $49,796 · excluded $49,796
-
10a · Gross sales of inventory
$646,606
-
10b · Cost of goods sold
$381,579
-
10c · Net income from sales of inventory
total $265,027 · related or exempt $265,027
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $237,168 · program services $165,123 · management and general $41,463 · fundraising $30,582
-
7 · Other salaries and wages
total $1,717,187 · program services $1,195,550 · management and general $300,209 · fundraising $221,428
-
8 · Pension plan contributions
total $217,166 · program services $152,910 · management and general $64,256
-
9 · Other employee benefits
total $144,945 · program services $99,716 · management and general $27,898 · fundraising $17,331
-
11c · Fees: accounting
total $133,329 · program services $39,042 · management and general $94,287
-
11g · Fees: other
total $337,162 · program services $279,077 · management and general $58,085
-
12 · Advertising and promotion
total $124,833 · program services $84,776 · management and general $40,057
-
13 · Office expenses
total $67,676 · program services $40,841 · management and general $26,835
-
16 · Occupancy
total $69,526 · program services $49,365 · management and general $20,161
-
17 · Travel
total $120,085 · program services $64,741 · management and general $55,344
-
19 · Conferences, conventions and meetings
total $21,755 · program services $8,546 · management and general $13,209
-
22 · Depreciation, depletion and amortization
total $561,621 · program services $502,759 · management and general $58,862
-
23 · Insurance
total $64,599 · program services $55,508 · management and general $9,091
-
24a · Other expenses: UTILITIES
total $114,403 · program services $109,306 · management and general $5,097
-
24b · Other expenses: PERFORMANCE/EXHIBITS
total $112,223 · program services $112,223
-
24c · Other expenses: JANITORIAL AND GROUNDS
total $100,592 · program services $78,173 · management and general $22,419
-
24d · Other expenses: REPAIRS AND MAINTENANCE
total $94,599 · program services $85,169 · management and general $9,430
-
24e · All other expenses
total $275,645 · program services $178,502 · management and general $97,143
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,126,711 · end of year $1,572,787
-
3 · Pledges and grants receivable
beginning of year $786,740 · end of year $600,462
-
4 · Accounts receivable
beginning of year $88,187 · end of year $79,616
-
8 · Inventories for sale or use
beginning of year $139,433 · end of year $198,154
-
9 · Prepaid expenses and deferred charges
beginning of year $19,210 · end of year $11,460
-
10a · Land, buildings and equipment: cost or other basis
$15,298,137
-
10b · Land, buildings and equipment: accumulated depreciation
$9,971,453
-
10c · Land, buildings and equipment, net
beginning of year $5,835,170 · end of year $5,326,684
-
11 · Investments: publicly traded securities
beginning of year $961,229 · end of year $789,881
-
15 · Other assets
beginning of year $127,704 · end of year $168,028
-
17 · Accounts payable and accrued expenses
beginning of year $348,467 · end of year $297,484
-
27 · Net assets without donor restrictions
beginning of year $7,985,143 · end of year $7,527,813
-
28 · Net assets with donor restrictions
beginning of year $750,774 · end of year $921,775
Mission and programs · 2023
Mission
THE SOULSVILLE FOUNDATION PERPETUATES THE SOUL OF STAX RECORDS BY PRESERVING ITS RICH CULTURAL LEGACY, EDUCATING YOUTH TO BE PREPARED FOR LIFE SUCCESS, AND INSPIRING FUTURE ARTISTS TO ACHIEVE THEIR DREAMS.
Activities or mission (Part I)
THE SOULSVILLE FOUNDATION, A 501(C)(3) ORGANIZATION OVERSEEING THE STAX MUSEUM AND STAX MUSIC ACADEMY, IS DEDICATED TO PERPETUATING THE SOUL OF STAX RECORDS BY PRESERVING ITS RICH CULTURAL LEGACY, EMPOWERING YOUTH WITH THE TOOLS FOR LIFE SUCCESS, AND INSPIRING FUTURE ARTISTS TO PURSUE AND ACHIEVE THEIR DREAMS.
-
OPERATION OF STAX MUSEUM TO PERPETUATE THE SOUL OF STAX RECORDS BY PRESERVING ITS RICH CULTURAL LEGACY.
Expenses $1,551,064 · Revenue $931,608
-
OPERATION OF STAX MUSIC ACADEMY TO EDUCATE YOUTH TO BE PREPARED FOR LIFE SUCCESS AND INSPIRING FUTURE ARTISTS TO ACHIEVE THEIR DREAMS.
Expenses $1,750,263 · Revenue $482,354
As filed on the 2023 return.
Listed in Part VII
-
Beverly RobertsonBEVERLY ROBERTSON
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Meka EgwuekweMEKA EGWUEKWE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James MaclinJAMES MACLIN
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Richard GreenwaldRICHARD GREENWALD
EMERITUS
- Total calculated
- $0
- Hours/week
- 1
-
Tom MarinoTOM MARINO
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
May WalkerMAY WALKER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Kirby DockeryKIRBY DOCKERY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth Landrigan-KeoughELIZABETH LANDRIGAN-KEOUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John KremerJOHN KREMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sean NorrisSEAN NORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Andre PersonANDRE PERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alexandria SmithALEXANDRIA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michele SmithMICHELE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alex TurleyALEX TURLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Courtney WeinsteinCOURTNEY WEINSTEIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Betise Mitchell WorleyBETISE MITCHELL WORLEY
PRESIDENT/CEO
- Total calculated
- $237,169
- From this org
- $215,805
- From related orgs
- $0
- Other
- $21,364
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,805
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,364
- Filer's total
- $237,169
-
Jeffrey KollathJEFFREY KOLLATH
EXECUTIVE DIRECTOR
- Total calculated
- $150,764
- From this org
- $129,400
- From related orgs
- $0
- Other
- $21,364
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,400
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $21,364
- Filer's total
- $150,764
-
Elizabeth MontgomeryELIZABETH MONTGOMERY
CFO
- Total calculated
- $151,392
- From this org
- $136,400
- From related orgs
- $0
- Other
- $14,992
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,400
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,992
- Filer's total
- $151,392
-
Isaac DanielISAAC DANIEL
EXECUTIVE DIRECTOR
- Total calculated
- $109,730
- From this org
- $109,414
- From related orgs
- $0
- Other
- $316
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · OFFER RIGOROUS ACADEMICS IN A MUSIC AND ARTS RICH LEARNING ENVIRONMENT · TN
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 February 2025
- IRS schema version
- 2023v6.0
- Source object
- 202520489349300617
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