Totals
- Total revenue
- $4,161,053
- Total expenses
- $3,377,480
- Contributions and grants received
- $1,796,728
- Grants paid
- $0
- Program service revenue
- $1,245,616
- Investment income
- $103,504
- Other revenue
- $1,015,205
- Total assets, end of year
- $9,216,220
- Total liabilities, end of year
- $375,186
- Net assets or fund balances, end of year
- $8,841,034
- Program services expenses (Part IX)
- $1,964,693
- Management and general expenses
- $1,265,363
- Fundraising expenses
- $147,424
- Program service expenses (Part III)
- $1,964,693
Program services were 58.2% 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
$86,979
-
1f · All other contributions, gifts and grants
$1,709,749
-
2a · Program service revenue: ADMISSIONS
total $745,061 · related or exempt $745,061
-
2b · Program service revenue: PROGRAM SERVICES
total $492,883 · related or exempt $492,883
-
2c · Program service revenue: MISCELLANEOUS PROGRAM
total $7,672 · related or exempt $7,672
-
3 · Investment income
total $103,504 · excluded $103,504
-
6a · Gross rents
real property $884,362
-
6b · Less rental expenses
real property $5,647
-
6c · Rental income or loss
real property $878,715
-
6d · Net rental income or loss
total $878,715 · excluded $878,715
-
8a · Fundraising events: gross income
$206,606
-
8b · Fundraising events: direct expenses
$204,545
-
8c · Net income from fundraising events
total $2,061 · excluded $2,061
-
10a · Gross sales of inventory
$241,133
-
10b · Cost of goods sold
$106,704
-
10c · Net income from sales of inventory
total $134,429 · related or exempt $134,429
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $200,000 · management and general $200,000
-
7 · Other salaries and wages
total $1,452,865 · program services $863,958 · management and general $493,947 · fundraising $94,960
-
9 · Other employee benefits
total $91,902 · program services $56,072 · management and general $35,830
-
10 · Payroll taxes
total $121,242 · program services $89,145 · management and general $24,832 · fundraising $7,265
-
11f · Fees: investment management
total $29,152 · management and general $29,152
-
11g · Fees: other
total $278,982 · program services $80,306 · management and general $180,706 · fundraising $17,970
-
12 · Advertising and promotion
total $122,145 · program services $120,327 · management and general $1,155 · fundraising $663
-
13 · Office expenses
total $27,338 · management and general $27,338
-
17 · Travel
total $24,398 · program services $9,655 · management and general $13,900 · fundraising $843
-
22 · Depreciation, depletion and amortization
total $92,400 · program services $71,148 · management and general $21,252
-
23 · Insurance
total $107,968 · program services $70,928 · management and general $35,694 · fundraising $1,346
-
24a · Other expenses: PROGRAM EXPENSES
total $466,125 · program services $466,125
-
24b · Other expenses: MAINTENANCE
total $57,068 · management and general $57,068
-
24c · Other expenses: PRINTING
total $54,199 · program services $53,309 · fundraising $890
-
24d · Other expenses: SUPPLIES
total $30,160 · program services $19,753 · management and general $10,208 · fundraising $199
-
24e · All other expenses
total $221,536 · program services $63,967 · management and general $134,281 · fundraising $23,288
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,192,910 · end of year $4,585,938
-
2 · Savings and temporary cash investments
beginning of year $380,698 · end of year $436,291
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $4,859 · end of year $57,655
-
8 · Inventories for sale or use
beginning of year $31,455 · end of year $71,382
-
9 · Prepaid expenses and deferred charges
beginning of year $88,722 · end of year $94,389
-
10a · Land, buildings and equipment: cost or other basis
$1,922,829
-
10b · Land, buildings and equipment: accumulated depreciation
$1,526,322
-
10c · Land, buildings and equipment, net
beginning of year $323,052 · end of year $396,507
-
11 · Investments: publicly traded securities
beginning of year $3,272,078 · end of year $3,545,110
-
15 · Other assets
beginning of year $30,300 · end of year $28,948
-
17 · Accounts payable and accrued expenses
beginning of year $157,458 · end of year $168,414
-
19 · Deferred revenue
beginning of year $382,187 · end of year $206,772
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $4,387,642 · end of year $5,081,778
-
28 · Net assets with donor restrictions
beginning of year $3,396,787 · end of year $3,759,256
Mission and programs · 2022
Mission
THE PINK PALACE FAMILY OF MUSEUMS INSPIRES PEOPLE TO LEARN HOW HISTORY, SCIENCE, TECHNOLOGY, AND NATURE SHAPE THE MID-SOUTH. THROUGH RICH COLLECTIONS, THOUGHT-PROVOKING EXHIBITIONS, AND ENGAGING PROGRAMS, WE ENCOURAGE OUR DIVERSE COMMUNITY TO REFLECT (CONTINUED) (CONTINUED) ON THE PAST, UNDERSTAND THE PRESENT, AND INFLUENCE THE FUTURE.
Activities or mission (Part I)
TO INSPIRE PEOPLE TO LEARN HOW HISTORY, SCIENCE, TECHNOLOGY, AND NATURE SHAPE THE MID-SOUTH.
-
MEMPHIS MUSEUM EDUCATION PROGRAMS -- GIANT SCREEN THEATER FEATURING HISTORY, NATURAL HISTORY, AND SCIENCE FILMS; LICHTERMAN NATURE CENTER FEATURING INDOOR EXHIBITS AND OUTDOOR HABITATS WITH ENVIRONMENTAL EDUCATION PROGRAMS; PINK PALACE EDUCATION SCHOOL AND GENERAL AUDIENCE PROGRAMS; COON CREEK SCIENCE CENTER FOR SCHOOL GROUPS EVACAVATING 73 MILLION Y.O. FOSSILS INCLUDING UNIVERSITY RESEARCH AND TEACHER TRAINING IN PARTERSHIP WITH UNIV TN-MARTIN; SHARPE PLANETARIUM FEATURING EDUCATIONAL ASTROMONY-RELATED SHOW FOR THE PUBLIC AND SCHOOL GROUPS; AND HISTORIC PROPERTIES --EDUCATIONAL PROGRAMS AND GUIDED TOURS OF THE 1836 MAGEVNEY HOUSE AND THE 1852 MALLORY-NEELY HOUSE. PROGRAMS INCLUDE HISTORIC PRESERVATION PROJECTS; GUIDED TOURS INTERPRETING THE HOMES, THE PEOPLE WHO LIVED IN THEM, THE FURNISHINGS, CLOTHING, (CONTINUED) (CONTINUED) FOOD, AND SOCIAL HISTORY AS EXPERIENCED THROUGH THE RESIDENTS OF THE HOUSES.
Expenses $854,059 · Revenue $1,096,159
-
PINK PALACE EXHIBITIONS -- PERMANENT EXHIBITIONS ABOUT THE CULTURAL HISTORY AND NATURAL HISTORY OF THE MID-SOUTH. TEMPORARY/TRAVELING EXHIBITIONS ABOUT SCIENCE, HISTORY, AND NATURAL HISTORY.
Expenses $1,073,314 · Revenue $281,168
-
CURATORIAL SERVICES -- CONSERVATION AND PRESERVATION OF OVER 60,000 ARTIFACTS AND OBJECTS IN SUPPORT OF EDUCATION PROGRAMS AND EXHIBITIONS.
Expenses $37,320 · Revenue $2,718
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bertha GilmoreBERTHA GILMORE
SECRETARY/FRIENDS PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Cleo GriffinCLEO GRIFFIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Deidre MaloneDEIDRE MALONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dr Beverly BondDR BEVERLY BOND
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Duncan GalbreathDUNCAN GALBREATH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Gwyn FisherGWYN FISHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamey MakiJAMEY MAKI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jamila Smith-YoungJAMILA SMITH-YOUNG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jan ColemanJAN COLEMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Janet LyonsJANET LYONS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Joy BowenJOY BOWEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin JamersonJUSTIN JAMERSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Kevin ThompsonKEVIN THOMPSON
EXECUTIVE DIRECTOR
- Total calculated
- $177,778
- From this org
- $177,778
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,778
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $177,778
-
Kyle GowenKYLE GOWEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Linda FosterLINDA FOSTER
PAST FRIENDS VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
McKenzie PodestaMCKENZIE PODESTA
GENERAL COUNSEL
- Total calculated
- $0
- Hours/week
- 2
-
Mike RodriguezMIKE RODRIGUEZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nick WalkerNICK WALKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Richard MarshRICHARD MARSH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Hunter SimansonSARAH HUNTER SIMANSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sherry HawkinsSHERRY HAWKINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tariq HasanTARIQ HASAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Terilyn McChristonTERILYN MCCHRISTON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Stacey RichardsSTACEY RICHARDS
TREASURER
- Total calculated
- $0
- Hours/week
- 2
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.
-
CITY OF MEMPHIS DIVISION OF PARK SERVICES
501A · CITY GOVERNMENT · TN
Directly controlled by DIVISION OF PARK SERVICES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421349349302327
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