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← ILLINOIS ROCK & ROLL MUSEUM ON ROUTE 66 NFP

Form 990 for tax year 2022

Filed by ILLINOIS ROCK & ROLL MUSEUM ON ROUTE 66 NFP.

Totals

Total revenue
$179,869
Total expenses
$187,819
Contributions and grants received
$133,712
Grants paid
$290
Program service revenue
$46,157
Investment income
$0
Other revenue
$0
Total assets, end of year
$530,738
Total liabilities, end of year
$250,153
Net assets or fund balances, end of year
$280,585
Program services expenses (Part IX)
$84,094
Management and general expenses
$103,725
Fundraising expenses
$0
Program service expenses (Part III)
$84,094

Program services were 44.8% 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

    $18,129

  • 1f · All other contributions, gifts and grants

    $115,583

  • 2a · Program service revenue: EVENT TICKET SALES

    total $34,828 · related or exempt $34,828

  • 2b · Program service revenue: MERCHANDISE SALES

    total $11,329 · related or exempt $11,329

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $290 · program services $290

  • 5 · Compensation of officers, directors and key employees

    total $100 · management and general $100

  • 11a · Fees: management

    total $30,750 · management and general $30,750

  • 11g · Fees: other

    total $10,250 · management and general $10,250

  • 12 · Advertising and promotion

    total $6,538 · program services $6,538

  • 13 · Office expenses

    total $20,892 · management and general $20,892

  • 16 · Occupancy

    total $25,201 · program services $25,201

  • 17 · Travel

    total $5,270 · management and general $5,270

  • 20 · Interest

    total $17,692 · management and general $17,692

  • 22 · Depreciation, depletion and amortization

    total $26,848 · program services $26,848

  • 23 · Insurance

    total $5,055 · management and general $5,055

  • 24a · Other expenses: EVENT VENUE EXPENSES

    total $15,961 · program services $15,961

  • 24b · Other expenses: UTILITIES

    total $10,743 · management and general $10,743

  • 24c · Other expenses: MERCHANDISE COST OF GOODS

    total $8,290 · program services $8,290

  • 24d · Other expenses: TRAINING

    total $2,076 · management and general $2,076

  • 24e · All other expenses

    total $1,863 · program services $966 · management and general $897

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $34,149 · end of year $50,377

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

    $504,712

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

    $26,848

  • 10c · Land, buildings and equipment, net

    beginning of year $504,712 · end of year $477,864

  • 15 · Other assets

    beginning of year $1,000 · end of year $2,497

  • 17 · Accounts payable and accrued expenses

    beginning of year $999 · end of year $153

  • 24 · Unsecured notes and loans payable

    beginning of year $230,000 · end of year $250,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year $308,862 · end of year $280,585

Mission and programs · 2022

Mission

THE ILLINOIS ROCK & ROLL MUSEUM ON ROUTE 66 IS COMMITTED TO PRESERVING THE RICH HISTORY AND CONTRIBUTIONS OF MUSICIANS, PERFORMERS AND INDUSTRY LEADERS WHO HAVE IMPACTED THE MUSIC WORLD AND EMBODIED THE CREATIVE SPIRIT OF ILLINOIS. WE STRIVE TO INFORM, ENGAGE, AND INSPIRE OUR VISITORS THROUGH EXHIBITS AND PROGRAMS THAT DRAW UPON A DIVERSITY OF CULTURES, HISTORY, AND MUSICAL INFLUENCE.

  • MERCHANDISE SALE FOR BENEFIT OF THE ORGANIZATION. ORGANIZATIONAL HALL OF FAME EVENT TO RAISE FUNDS.

    Expenses $84,094 · Revenue $46,157

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ronald Romero

    PRESIDENT

    Total calculated
    $12,550
    From this org
    $12,550
    From related orgs
    $0
    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
2022
Filed
16 August 2023
IRS schema version
2022v5.0
Source object
202332289349300118

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