Form 990 for tax year 2023
Filed by B B KING MUSEUM AND DELTA INTERPRETIVE CENTER.
Totals
- Total revenue
- $2,383,222
- Total expenses
- $1,641,756
- Contributions and grants received
- $2,313,447
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $132
- Other revenue
- $69,643
- Total assets, end of year
- $10,321,883
- Total liabilities, end of year
- $1,411,329
- Net assets or fund balances, end of year
- $8,910,554
- Program services expenses (Part IX)
- $1,038,806
- Management and general expenses
- $558,731
- Fundraising expenses
- $44,219
- Program service expenses (Part III)
- $1,038,806
Program services were 63.3% 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.
-
1b · Membership dues
$216,804
-
1c · Fundraising events
$3,292
-
1e · Government grants (contributions)
$2,015,632
-
1f · All other contributions, gifts and grants
$77,719
-
3 · Investment income
total $132 · related or exempt $132
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$140,047
-
10b · Cost of goods sold
$70,404
-
10c · Net income from sales of inventory
total $69,643 · related or exempt $69,643
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $100,000 · program services $50,000 · management and general $50,000
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $424,865 · program services $340,559 · management and general $58,269 · fundraising $26,037
-
8 · Pension plan contributions
total $7,945 · management and general $7,945
-
9 · Other employee benefits
total $29,398 · program services $17,638 · management and general $11,760
-
10 · Payroll taxes
total $40,555 · program services $30,417 · management and general $8,111 · fundraising $2,027
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $9,618 · management and general $9,618
-
11c · Fees: accounting
total $7,542 · management and general $7,542
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $77,036 · program services $53,671 · management and general $23,365
-
12 · Advertising and promotion
total $37,450 · program services $21,295 · fundraising $16,155
-
13 · Office expenses
total $0
-
14 · Information technology
total $11,308 · management and general $11,308
-
15 · Royalties
total $0
-
16 · Occupancy
total $263,870 · program services $91,426 · management and general $172,444
-
17 · Travel
total $68,430 · program services $43,700 · management and general $24,730
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $5,415 · management and general $5,415
-
20 · Interest
total $6,990 · management and general $6,990
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $388,338 · program services $294,169 · management and general $94,169
-
23 · Insurance
total $44,683 · program services $6,993 · management and general $37,690
-
24a · Other expenses: CONTRACT WORK
total $40,384 · program services $40,384
-
24b · Other expenses: SUPPLIES
total $31,344 · program services $20,200 · management and general $11,144
-
24c · Other expenses: CREDIT CARD FEES
total $13,952 · program services $13,952
-
24d · Other expenses: Dues
total $12,166 · program services $12,166
-
24e · All other expenses
total $20,467 · program services $2,236 · management and general $18,231
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,113,111 · end of year $1,191,544
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $1,000 · end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $323,454 · end of year $409,121
-
8 · Inventories for sale or use
beginning of year $50,328 · end of year $56,877
-
9 · Prepaid expenses and deferred charges
beginning of year $18,781 · end of year $29,787
-
10a · Land, buildings and equipment: cost or other basis
$15,884,649
-
10b · Land, buildings and equipment: accumulated depreciation
$8,051,400
-
10c · Land, buildings and equipment, net
beginning of year $7,386,259 · end of year $7,833,249
-
11 · Investments: publicly traded securities
beginning of year -$114,693 · end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $801,305 · end of year $801,305
-
17 · Accounts payable and accrued expenses
beginning of year $62,202 · end of year $54,797
-
23 · Secured mortgages and notes payable
beginning of year $312,023 · end of year $276,749
-
25 · Other liabilities
beginning of year $2,036,232 · end of year $1,079,783
-
27 · Net assets without donor restrictions
beginning of year $8,106,035 · end of year $8,862,324
-
28 · Net assets with donor restrictions
beginning of year $63,053 · end of year $48,230
Mission and programs · 2023
Mission
TO OPERATE A MUSEUM HONORING BLUESMAN B.B KING, WHICH PRESERVES AND SHARES THE LEGACY AND VALUES OF BB KING, CELEBRATES THE RICH CULTURAL HERITAGE OF THE MISSISSIPPI DELTA, AND PROMOTES PRIDE, HOPE, AND UNDERSTANDING THROUGH EXHIBITIONS AND EDUCATIONAL PROGRAMS.
-
TO ESTABLISH AND ADMINISTER A MUSEUM TO BE KNOWN AS THE B.B KING MUSEUM AND DELTA INTERPRETIVE CENTER. THROUGH ITS AUTHENTIC PRESENTATION AND INTERACTIVE EXHIBITS, PERFORMANCE VENUES AND EDUCATIONAL PROGRAMMING, THE B.B. KING MUSEUM SEEKS TO PRESERVE DELTA BLUES HERITAGE, ENCOURAGE AND INSPIRE YOUNG ARTISTS AND MUSICIANS, AND USE THE ARTS TO ENRICH THE LIVES OF DELTA YOUTH AND ALL THOSE WHO VISIT THE MUSEUM CAMPUS.
Expenses $1,038,806
As filed on the 2023 return.
Listed in Part VII
-
Malika Polk-LeeMALIKA POLK-LEE
Executive Direc
- Total calculated
- $100,000
- From this org
- $100,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
John W McPhersonJOHN W MCPHERSON
President
- Total calculated
- $0
- Hours/week
- 0
-
Johnny McWilliamsJOHNNY MCWILLIAMS
ATTORNEY
- Total calculated
- $0
- Hours/week
- 0
-
Margaret ClarkMARGARET CLARK
Director
- Total calculated
- $0
- Hours/week
- 0
-
Orlando VarleeORLANDO VARLEE
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jody MoorJODY MOOR
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Verna RansomVERNA RANSOM
Director
- Total calculated
- $0
- Hours/week
- 0
-
Jamie MurrellJAMIE MURRELL
Director
- Total calculated
- $0
- Hours/week
- 0
-
Melissa TownsendMELISSA TOWNSEND
Director
- Total calculated
- $0
- Hours/week
- 0
-
Carol PuckettCAROL PUCKETT
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Bryant KimbroughBRYANT KIMBROUGH
Director
- Total calculated
- $0
- Hours/week
- 0
-
Andy DanielsANDY DANIELS
Director
- Total calculated
- $0
- Hours/week
- 0
-
John Rodgers BrashierJOHN RODGERS BRASHIER
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Dr Alphonso SandersDR ALPHONSO SANDERS
Director
- Total calculated
- $0
- Hours/week
- 0
-
Delores Bolden StampsDELORES BOLDEN STAMPS
Director
- Total calculated
- $0
- Hours/week
- 0
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.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CLUB EBONY LLC
S CORP · BLUES CLUB · MS · 100% owned
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 11 March 2025
- IRS schema version
- 2023v6.0
- Source object
- 202530709349301028
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