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Nonprofiteer
← MUSIC EXPORT MEMPHIS

Form 990 for tax year 2023

Filed by MUSIC EXPORT MEMPHIS.

Totals

Total revenue
$353,377
Total expenses
$464,900
Contributions and grants received
$353,377
Grants paid
$199,375
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$32,677
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$32,677
Program services expenses (Part IX)
$284,759
Management and general expenses
$180,141
Fundraising expenses
$0
Program service expenses (Part III)
$284,759

Program services were 61.3% 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.

  • 1c · Fundraising events

    $102,476

  • 1e · Government grants (contributions)

    $150,030

  • 1f · All other contributions, gifts and grants

    $100,871

  • 8a · Fundraising events: contributions included on line 1c

    $102,476

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $199,375 · program services $199,375

  • 7 · Other salaries and wages

    total $129,322 · program services $0 · management and general $129,322 · fundraising $0

  • 16 · Occupancy

    total $5,250 · program services $0 · management and general $5,250 · fundraising $0

  • 24a · Other expenses: Bank Charges

    total $430 · program services $0 · management and general $430 · fundraising $0

  • 24b · Other expenses: Dues, Fees & Subscriptions

    total $5,733 · program services $0 · management and general $5,733 · fundraising $0

  • 24c · Other expenses: Development

    total $29,144 · program services $29,144 · management and general $0 · fundraising $0

  • 24d · Other expenses: Outside Services

    total $28,222 · program services $28,222 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $67,424 · program services $28,018 · management and general $39,406 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $145,125 · end of year $27,677

  • 4 · Accounts receivable

    beginning of year $45,000 · end of year $5,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $190,125 · end of year $32,677

Mission and programs · 2023

Mission

Create opportunities for Memphis artists to showcase their music, the City of Memphis, and provide financial relief, when needed, for music professionals.

  • Artist Beneficiary Activities

    Expenses $464,900 · Grants $199,375 · Revenue $353,376

As filed on the 2023 return.

Listed in Part VII

  • Baylee Less

    Chair

    Total calculated
    $0
    Hours/week
    1
  • Chris Duncan

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • Bryce Hendry

    Treasurer

    Total calculated
    $0
    Hours/week
    1
  • Leah Gafni

    Secretary

    Total calculated
    $0
    Hours/week
    1
  • Leslie Townsend

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Cindy Cogbill

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Jayne-Ellen Clark

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Tonya Dyson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • James Dukes

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • James Ramson

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Cameron Mann

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Hemant Gupta

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Anna Traverse Fogle

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Diamond Young

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • George Monger

    Board Member

    Total calculated
    $0
    Hours/week
    1
  • Elizabeth Cawein

    Executive Director

    Total calculated
    $97,000
    From this org
    $0
    From related orgs
    $97,000
    Other
    $0
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
4 February 2024
IRS schema version
2023v4.0
Source object
202410449349300721

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