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Nonprofiteer
← ROCK AND ROLL HALL OF FAME AND MUSEUM INC

Form 990 for tax year 2023

Filed by ROCK AND ROLL HALL OF FAME AND MUSEUM INC.

Totals

Total revenue
$54,810,546
Total expenses
$27,827,844
Contributions and grants received
$32,642,184
Grants paid
$0
Program service revenue
$13,530,018
Investment income
$2,145,760
Other revenue
$6,492,584
Total assets, end of year
$198,830,930
Total liabilities, end of year
$10,527,197
Net assets or fund balances, end of year
$188,303,733
Program services expenses (Part IX)
$20,700,385
Management and general expenses
$5,046,142
Fundraising expenses
$2,081,317
Program service expenses (Part III)
$20,700,385

Program services were 74.4% 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

    $1,249,776

  • 1d · Related organizations

    $10,000

  • 1e · Government grants (contributions)

    $7,736,391

  • 1f · All other contributions, gifts and grants

    $23,646,017

  • 1g · Noncash contributions included above

    $374,013

  • 2a · Program service revenue: ADMISSIONS

    total $12,838,910 · related or exempt $12,838,910

  • 2b · Program service revenue: CAFE REVENUE

    total $440,051 · excluded $440,051

  • 2c · Program service revenue: PROGRAM ADMISSIONS&FEES

    total $202,958 · related or exempt $202,958

  • 2d · Program service revenue: MEMBER BENEFITS

    total $32,589 · related or exempt $32,589

  • 2e · Program service revenue: EXHIBIT RENTAL

    total $15,510 · related or exempt $15,510

  • 3 · Investment income

    total $2,662,929 · unrelated business $108 · excluded $2,662,821

  • 5 · Royalties

    total $141,657 · excluded $141,657

  • 6a · Gross rents

    personal property $1,930,816

  • 6b · Less rental expenses

    personal property $513,804

  • 6c · Rental income or loss

    personal property $1,417,012

  • 6d · Net rental income or loss

    total $1,417,012 · unrelated business $1,417,012

  • 7a · Gross sales of assets other than inventory

    securities $41,667,320 · other assets $16,367

  • 7b · Less cost or other basis and sales expenses

    securities $42,187,856 · other assets $13,000

  • 7c · Gain or loss

    securities -$520,536 · other assets $3,367

  • 7d · Net gain or loss

    total -$517,169 · excluded -$517,169

  • 10a · Gross sales of inventory

    $9,578,309

  • 10b · Cost of goods sold

    $5,226,875

  • 10c · Net income from sales of inventory

    total $4,351,434 · related or exempt $1,765,323 · unrelated business $2,586,111

  • 11a · Other revenue: CAPITAL INVESTMENT

    total $262,971 · related or exempt $262,971

  • 11b · Other revenue: SATELLITE TOWER

    total $133,506 · excluded $133,506

  • 11c · Other revenue: PROMO.&REBATE REV.

    total $107,326 · unrelated business $54,784 · excluded $52,542

  • 11d · All other revenue

    total $78,678 · related or exempt $78,678

  • 11e · Other revenue, total

    $582,481

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,971,552 · program services $1,172,130 · management and general $945,069 · fundraising $854,353

  • 7 · Other salaries and wages

    total $8,577,477 · program services $6,554,336 · management and general $1,614,132 · fundraising $409,009

  • 8 · Pension plan contributions

    total $207,825 · program services $154,701 · management and general $40,540 · fundraising $12,584

  • 9 · Other employee benefits

    total $1,041,557 · program services $798,583 · management and general $215,306 · fundraising $27,668

  • 10 · Payroll taxes

    total $767,394 · program services $541,049 · management and general $167,532 · fundraising $58,813

  • 11a · Fees: management

    total $81,641 · program services $50,057 · management and general $31,117 · fundraising $467

  • 11b · Fees: legal

    total $106,376 · management and general $106,376

  • 11c · Fees: accounting

    total $73,763 · program services $9,039 · management and general $64,724

  • 11d · Fees: lobbying

    total $199,100 · fundraising $199,100

  • 11f · Fees: investment management

    total $51,542 · program services $7,731 · management and general $43,811

  • 11g · Fees: other

    total $142,228 · program services $56,635 · management and general $85,085 · fundraising $508

  • 12 · Advertising and promotion

    total $409,989 · program services $409,989

  • 13 · Office expenses

    total $1,531,374 · program services $1,040,776 · management and general $441,547 · fundraising $49,051

  • 14 · Information technology

    total $1,415,421 · program services $1,088,201 · management and general $287,355 · fundraising $39,865

  • 16 · Occupancy

    total $2,950,266 · program services $2,511,239 · management and general $367,209 · fundraising $71,818

  • 17 · Travel

    total $1,016,522 · program services $609,611 · management and general $153,762 · fundraising $253,149

  • 19 · Conferences, conventions and meetings

    total $97,000 · program services $57,813 · management and general $25,740 · fundraising $13,447

  • 20 · Interest

    total $3,641 · program services $2,436 · management and general $1,108 · fundraising $97

  • 22 · Depreciation, depletion and amortization

    total $4,568,480 · program services $4,323,550 · management and general $220,437 · fundraising $24,493

  • 23 · Insurance

    total $157,216 · program services $142,966 · management and general $13,197 · fundraising $1,053

  • 24a · Other expenses: CURATORIAL&EXH.EXP.

    total $504,057 · program services $503,681 · management and general $5 · fundraising $371

  • 24b · Other expenses: EVENT PROD.EXP.

    total $372,066 · program services $327,195 · management and general $3,122 · fundraising $41,749

  • 24c · Other expenses: FED.INCOME TAX

    total $285,936 · program services $146,626 · management and general $139,310

  • 24d · Other expenses: MEMBERSHIP FULFILLMENT

    total $109,154 · program services $109,154

  • 24e · All other expenses

    total $186,267 · program services $82,887 · management and general $79,658 · fundraising $23,722

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,770 · end of year $9,279

  • 2 · Savings and temporary cash investments

    beginning of year $12,318,778 · end of year $26,112,294

  • 3 · Pledges and grants receivable

    beginning of year $12,951,800 · end of year $24,830,930

  • 4 · Accounts receivable

    beginning of year $1,744,216 · end of year $1,646,957

  • 8 · Inventories for sale or use

    beginning of year $2,255,888 · end of year $2,577,972

  • 9 · Prepaid expenses and deferred charges

    beginning of year $548,090 · end of year $1,012,363

  • 10a · Land, buildings and equipment: cost or other basis

    $140,863,344

  • 10b · Land, buildings and equipment: accumulated depreciation

    $74,564,719

  • 10c · Land, buildings and equipment, net

    beginning of year $64,649,546 · end of year $66,298,625

  • 11 · Investments: publicly traded securities

    beginning of year $70,215,918 · end of year $76,342,510

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,747,830 · end of year $4,492,234

  • 19 · Deferred revenue

    beginning of year $4,422,472 · end of year $6,034,963

  • 27 · Net assets without donor restrictions

    beginning of year $67,391,504 · end of year $77,037,494

  • 28 · Net assets with donor restrictions

    beginning of year $89,194,200 · end of year $111,266,239

Mission and programs · 2023

Mission

BORN FROM THE COLLISION OF RHYTHM & BLUES, COUNTRY, AND GOSPEL, ROCK & ROLL IS A SPIRIT THAT IS INCLUSIVE AND EVER-CHANGING. THE ROCK & ROLL HALL OF FAME CELEBRATES THE SOUND OF YOUTH CULTURE AND HONORS THE ARTISTS WHOSE MUSIC CONNECTS US ALL.

  • SEE SCHEDULE OMUSEUM OPERATIONS: THE ROCK AND ROLL HALL OF FAME HAS ESTABLISHED ITSELF AS THE PRE-EMINENT HOME FOR THE CELEBRATION AND STUDY OF ROCK AND ROLL. IT IS A WORLD-CLASS MUSEUM AND LIBRARY AND ARCHIVES THAT EDUCATES ITS VISITORS ABOUT THE HISTORY OF ROCK AND ROLL, FROM ITS ROOTS TO THE PRESENT, AND ABOUT ROCK AND ROLL'S IMPACT ON OUR CULTURE AND SOCIETY. IT ACCOMPLISHES ALL OF THIS WITH SEVEN FLOORS OF EXHIBITS FEATURING THOUSANDS OF HISTORIC ARTIFACTS, AS WELL AS NUMEROUS FILMS AND INTERACTIVE EXHIBITS. IN ADDITION TO THE PERMANENT EXHIBITS, THE ROCK HALL CURATES SEVERAL NEW TEMPORARY EXHIBITS EACH YEAR WHICH FOCUS ON INDIVIDUAL ARTISTS, VARIOUS GENRES OF MUSIC OR IMPORTANT ANNIVERSARIES OF HISTORIC EVENTS. IN 2023, THE TEMPORARY EXHIBITS FEATURED ELVIS PRESLEY REFRESHED, ROM SCHOOL DAYS TO BLUEBERRY HILL: CHUCK BERRY IN ST. LOUIS, WANDA JACKSON, SUN RECORDS, SOAK UP THE SUN: THE MUSIC OF SHERYL CROW, 2023 NEW INDUCTEES, THE BEATLES: GET BACK TO LET IT BE, HOTTER THAN JULY, ICONIC: BARON WOLMAN IMAGES OF AN ERA, IT'S BEEN SAID ALL ALONG: VOICES OF RAGE, HOPE AND EMPOWERMENT, 2022 NEW INDUCTEES, AND IN MEMORIAM. THE ROCK HALL ALSO CURATES AN INVENTORY OF TRAVELING EXHIBITS THAT ARE FEATURED AT OTHER MUSEUMS AND VISITOR ATTRACTIONS. FURTHER, THE LIBRARY & ARCHIVES, FOR WHICH THE ROCK HALL HAS BEEN COLLECTING ARTIFACTS SINCE IT OPENED IN 1995, HELPS THE ROCK HALL FULFILL ITS MISSION BY MAKING ONE-OF-A-KIND AUDIO AND VIDEO RECORDINGS, PROMOTIONAL MATERIALS, PERSONAL PAPERS AND BUSINESS RECORDS OF POPULAR MUSIC'S MOST INFLUENTIAL FIGURES ACCESSIBLE TO THE PUBLIC FOR THE FIRST TIME. THE LIBRARY AND ARCHIVES ALSO ENHANCES THE MUSEUM'S EDUCATION PROGRAMS AT THE UNIVERSITY LEVEL.

    Expenses $19,228,233 · Revenue $14,610,349

  • SEE SCHEDULE OEDUCATION & PUBLIC PROGRAMS: THE ROCK AND ROLL HALL OF FAMES'S EDUCATION AND VISITOR ENGAGEMENT DIVISION PRODUCES SCORES OF ACTIVITIES AND EVENTS EACH YEAR THAT REINFORCE THE ROCK HALL'S COMMITMENT TO THE STUDY AND INTERPRETATION OF ROCK AND ROLL MUSIC AND ITS ROOTS. THE CONTENT OF THESE PROGRAMS HIGHLIGHTS NOT ONLY THE WORK OF ROCK AND ROLL HALL OF FAME INDUCTEES, BUT ALSO A BROAD SPECTRUM OF POPULAR MUSIC RANGING FROM THE BLUES, COUNTRY, AND GOSPEL OF THE EARLY 1900S TO THE CLASSIC ROCK OF THE 1960S TO THE HIP HOP AND POP SOUNDS OF TODAY. THESE PROGRAMS ARE PRESENTED IN A VARIETY OF FORMATS INCLUDING STUDENT GROUP PROGRAMS, INTERVIEWS, PUBLIC CONCERTS, LECTURES, FILM SCREENINGS, MASTER CLASSES, AND CONFERENCES AT VENUES BOTH ON- AND OFF-SITE. FURTHER, THE ROCK HALL HOSTED COMMUNITY FESTIVALS CELEBRATING THE INTERSECTION OF MUSIC, CULTURE, AND SOCIETY.

    Expenses $1,218,588 · Revenue $480,194

  • SEE SCHEDULE OHOLLA IF YA HEAR ME: HIP HOP AT 50: HIP HOP IS AN IMMERSIVE, THRIVING CULTURAL FORCE AND THE MOST INFLUENTIAL MUSICAL DEVELOPMENT OF THE LAST 50 YEARS. HIP HOP AT 50: HOLLA IF YA HEAR ME TAKES A JOURNEY THROUGH THE ESSENTIAL BREAKTHROUGH EVENTS AND HISTORICAL MOMENTS; THROUGH THE MUSIC'S SOUND, WORDS, AND POWERFUL MESSAGES; AND ILLUSTRATES MUSIC'S ABILITY TO CONNECT US IN TIMES OF STRIFE AND CELEBRATION. THIS EXHIBIT CELEBRATES THE LIFE, MUSIC, AND CULTURAL IMPACT OF THE ROCK & ROLL HALL OF FAME'S HIP HOP INDUCTEES AND EXPANDS BEYOND THEIR INFLUENCE TO LOOK AT THE KEY ARTISTS, STYLES, AND MOMENTS FROM HIP HOP HISTORY.

    Expenses $165,975 · Revenue $106,396

  • OTHER EDUCATIONAL PROGRAMS, COMMUNITY PARTNERSHIPS, AND EXHIBITIONS, AS DESCRIBED ON SCHEDULE O.

    Expenses $87,589

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MICHELE ANTHONY

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ART ANTON

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICK CHIRICOSTA

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS CONNOR

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • ROB LIGHT

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREGG LOWE

    TRUSTEE/MEMBER, CO-CHAIR

    Total calculated
    $0
    Hours/week
    8

  • JUDY MCGRATH

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOEL PERESMAN

    TRUSTEE/MEMBER

    Total calculated
    $611,985
    From this org
    $0
    From related orgs
    $590,385
    Other
    $21,600
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $590,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $21,600 related
    Filer's total
    $0 + $611,985 related

  • JOHN SYKES

    TRUSTEE/MEMBER, CO-CHAIR

    Total calculated
    $0
    Hours/week
    2

  • ALEC WIGHTMAN

    TRUSTEE/MEMBER

    Total calculated
    $0
    Hours/week
    1

  • GREG HARRIS

    PRESIDENT & CEO

    Total calculated
    $904,823
    From this org
    $801,003
    From related orgs
    $0
    Other
    $103,820
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $520,737
    Bonus
    $250,008
    Other
    $30,258
    Deferred
    $58,819
    Nontaxable benefits
    $45,001
    Filer's total
    $904,823

  • LAURIE KOSANOVICH

    GENERAL COUNSEL

    Total calculated
    $180,015
    From this org
    $162,434
    From related orgs
    $0
    Other
    $17,581
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $148,372
    Bonus
    $13,924
    Other
    $138
    Deferred
    $5,035
    Nontaxable benefits
    $13,224
    Filer's total
    $180,693

  • SEAN O'MALLEY

    VP-FINANCE&FACILITIES

    Total calculated
    $208,128
    From this org
    $178,403
    From related orgs
    $0
    Other
    $29,725
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,518
    Bonus
    $11,831
    Other
    $54
    Deferred
    $5,455
    Nontaxable benefits
    $25,557
    Filer's total
    $209,415

  • DAWN WAYT

    VP-SALES & MARKETING

    Total calculated
    $298,002
    From this org
    $280,037
    From related orgs
    $0
    Other
    $17,965
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,382
    Bonus
    $52,517
    Other
    $138
    Deferred
    $8,468
    Nontaxable benefits
    $13,150
    Filer's total
    $301,655

  • JASON HANLEY

    VP-EDUCATION

    Total calculated
    $301,365
    From this org
    $265,473
    From related orgs
    $0
    Other
    $35,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,143
    Bonus
    $60,192
    Other
    $138
    Deferred
    $8,156
    Nontaxable benefits
    $31,470
    Filer's total
    $305,099

  • LIZ PESCHGES

    VP-CULTURE & STRATEGY

    Total calculated
    $314,082
    From this org
    $304,691
    From related orgs
    $0
    Other
    $9,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $238,166
    Bonus
    $66,465
    Other
    $60
    Deferred
    $8,550
    Nontaxable benefits
    $3,078
    Filer's total
    $316,319

  • KAYE RIDOLFI

    VP-DEVELOPMENT

    Total calculated
    $426,696
    From this org
    $400,004
    From related orgs
    $0
    Other
    $26,692
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $312,958
    Bonus
    $86,650
    Other
    $396
    Deferred
    $6,417
    Nontaxable benefits
    $25,109
    Filer's total
    $431,530

  • SHELBY MORRISON

    VP-CURATORIAL AFFAIRS

    Total calculated
    $183,615
    From this org
    $168,967
    From related orgs
    $0
    Other
    $14,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,877
    Bonus
    $25,000
    Other
    $90
    Deferred
    $5,126
    Nontaxable benefits
    $10,393
    Filer's total
    $184,486

  • TIM OFFTERMATT

    CONSTRUCTION PROJECT EXEC.

    Total calculated
    $179,276
    From this org
    $173,520
    From related orgs
    $0
    Other
    $5,756
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $100,000
    Bonus
    $73,520
    Other
    $0
    Deferred
    $5,206
    Nontaxable benefits
    $2,871
    Filer's total
    $181,597

  • TIM PARNIN

    VP-DIGITAL TECHNOLOGY

    Total calculated
    $312,120
    From this org
    $272,737
    From related orgs
    $0
    Other
    $39,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,325
    Bonus
    $62,274
    Other
    $138
    Deferred
    $8,438
    Nontaxable benefits
    $34,850
    Filer's total
    $316,025

  • NWAKA ONWUSA

    VP-CURATORIAL AFFAIRS

    Total calculated
    $212,823
    From this org
    $210,860
    From related orgs
    $0
    Other
    $1,963
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $24,683
    Bonus
    $0
    Other
    $186,177
    Deferred
    $508
    Nontaxable benefits
    $1,890
    Filer's total
    $213,258

  • BEN NYX

    DIRECTOR OF SOFTWARE DEV.

    Total calculated
    $187,519
    From this org
    $158,727
    From related orgs
    $0
    Other
    $28,792
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,149
    Bonus
    $13,530
    Other
    $6,048
    Deferred
    $4,935
    Nontaxable benefits
    $24,818
    Filer's total
    $188,480

  • ROB WEIL

    SR.DIR.-PRODUCTION&SPEC.PROJECTS

    Total calculated
    $192,107
    From this org
    $169,337
    From related orgs
    $0
    Other
    $22,770
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,836
    Bonus
    $14,243
    Other
    $258
    Deferred
    $5,228
    Nontaxable benefits
    $18,645
    Filer's total
    $193,210

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4c · Equity-based compensation arrangement
  • 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

The filer's explanations (Part III)

PART I, LINES 4A-B
SEVERANCE PAYMENT: NWAKA ONWUSA RECEIVED A SEVERANCE PAYMENT OF $186,172. SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: GREG HARRIS CONTRIBUTED $22,500 TO THE MUSEUM'S SECTION 457(B) PLAN.
PART I, LINE 7
NON-FIXED PAYMENTS: THE MUSEUM CREATES A BONUS POOL FOR ROCK HALL STAFF IF OPERATING CASH FLOW OF THE ORGANIZATION SIGNIFICANTLY EXCEEDS THE PLAN. THE TOTAL AMOUNT IS APPROVED BY THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS. DISTRIBUTIONS ARE REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
3 September 2024
IRS schema version
2023v5.1
Source object
202432489349300643

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