Memphis Brooks Museum Of Art Inc in Memphis, Tennessee (TN)

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Memphis Brooks Museum Of Art Inc
Employer Identification Number (EIN)626063304
Name of OrganizationMemphis Brooks Museum Of Art Inc
Address1934 Poplar Ave, Memphis, TN 38104-2756
ActivitiesOther cultural or historical activities, Other school related activities, Gifts, grants, or loans to other organizations
SubsectionEducational Organization
Ruling Date09/1966
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period06/2014
Assets$5,000,000 to $9,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$7,077,199
Amount of Income$5,027,146
Form 990 Revenue Amount$4,261,026
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Single Organization Support


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Amount of income in 2014: $5,027,146
Memphis Brooks Museum Of Art Inc: 

 $5,027,146
Other organizations performing similar types of work: 

 $434,562

Assets in 2014: $7,077,199
This organization: 

 $7,077,199
Other organizations performing similar types of work: 

 $968,371

Expenses in 2013: $4,458,326
Memphis Brooks Museum Of Art Inc: 

 $4,458,326
Other organizations performing similar types of work: 

 $215,697

Income to expenses ratio in 2013: 1.1
Memphis Brooks Museum Of Art Inc: 

 1.1
Other organizations performing similar types of work: 

 1.8

Expenses allocated to program services in 2007: 81.9%
This organization: 

 81.9%
Other organizations performing similar types of work: 

 86.6%

Employees paid over $100,000 in 2013: 0.8%
Memphis Brooks Museum Of Art Inc: 

 0.8%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 72.7%
This organization: 

 72.7%
Other organizations performing similar types of work: 

 19.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?Yes
Is the organization required to complete Schedule B, Schedule of Contributors?Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?Yes
Did the organization report an amount for land, buildings, and equipment?Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?No
Did the organization report an amount for investments-program related that is 5% or more of its total assets?No
Did the organization report an amount for other assets that is 5% or more of its total assets?No
Did the organization report an amount for other liabilities?No
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?No
Did the organization obtain separate, independent audited financial statements for the tax year?Yes
Was the organization included in consolidated, independent audited financial statements for the tax year?No
Is the organization a school described in section 170(b)(1)(A)(ii)?No
Did the organization maintain an office, employees, or agents outside of the United States?No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?Yes
Did the organization report more than $15,000 of gross income from gaming activities?No
Did the organization operate one or more hospital facilities?No
Did the organization attach a copy of its audited financial statements?No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?No
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?Yes
A family member of a current or former officer, director, trustee, or key employee?No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?Yes
Did the organization receive more than $25,000 in non-cash contributions?No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?Yes
Did the organization liquidate, terminate, or dissolve and cease operations?No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?No
Was the organization related to any tax-exempt or taxable entity?No
Did the organization have a controlled entity within the meaning of section 512(b)(13)?No
Did the organization make any transfers to an exempt non-charitable related organization?No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?No
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 109645
The number of Forms W-2G0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?No
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return132
Did the organization file all required federal employment tax returns?Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?YesYesYes
Has it filed a Form 990-T for this year?Yes
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?No
Did the organization file Form 8886-T?No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?Yes
Did the organization notify the donor of the value of the goods or services provided?Yes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?No
Did the sponsoring organization make any taxable distributions under section 4966?No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?No
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?No
The amount of tax-exempt interest received or accrued during the year$0
Is the organization licensed to issue qualified health plans in more than one state?No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0
The amount of reserves on hand$0
Did the organization receive any payments for indoor tanning services during the tax year?No
Has it filed a Form 720 to report these payments?No
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$244,662
Total reportable compensation from related organizations$0
Total estimated amount of other compensation from the organization and related organizations$2,700
Total number of individuals who received more than $100,000 of reportable compensation from the organization1
Total number of independent contractors who received more than $100,000 of compensation from the organization0
Statement of Revenue
201120122013
Total revenue$4,290,547$3,602,121$4,456,850
Contributions, Gifts, Grants and Other Similar Amounts$3,037,457$2,512,625$3,241,480
Program Service Revenue$92,158$100,584$78,396
All Other Amusement and Recreation Industries $78,396
All other program service revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$81,005$86,855$171,903
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental income$0$0$0
Net gain/loss from sales of assets other than inventory$178,871$-84,230$-14,776
Gross amount from sales of assets other than inventory (Securities / Other)$994,779 / $0$854,793 / $0$601,699 / $0
Less: cost or other basis and sales expenses (Securities / Other)$815,908 / $0$939,023 / $0$616,475 / $0
Gain or (loss) (Securities / Other)$178,871 / $0$-84,230 / $0$-14,776 / $0
Net income/loss from fundraising events$243,557$194,208$269,981
Gross income from fundraising events$380,887$339,613$362,177
Less: direct expenses$137,330$145,405$92,196
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$650,400$783,819$703,376
Gross sales of inventory, less returns and allowances$917,910$1,085,434$1,001,590
Less: cost of goods sold$267,510$301,615$298,214
Miscellaneous Revenue$7,099$8,260$6,490
All Other Amusement and Recreation Industries $6,490
All other revenue$0
Statement of Functional Expenses
201120122013
Total functional expenses$3,615,896$3,846,463$4,458,326
Grants and other assistance to domestic organizations and domestic governments$0
Grants and other assistance to domestic individuals$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, trustees, and key employees$249,867$272,922$258,901
Compensation not included above, to disqualified persons$0
Other salaries and wages$1,781,862$1,777,017$1,825,735
Pension plan accruals and contributions$0
Other employee benefits$165,091
Payroll taxes$144,358$146,720$149,916
Fees for services (non-employees)
Management$12,198
Legal$0
Accounting$0
Lobbying$0
Professional fundraising services$0$0$0
Investment management fees$0
Other$108,804
Advertising and promotion$131,832
Office expenses$559,732
Information technology$0
Royalties$0
Occupancy$252,788
Travel$22,622
Payments of travel or entertainment expenses for any federal, state, or local public officials$0
Conferences, conventions, and meetings$947
Interest$4,668
Payments to affiliates$0
Depreciation, depletion, and amortization$96,937
Insurance$86,958
Other expenses$518,414
Other expenses$241,878
Other expenses$67,367
Other expenses$-92,196
Other expenses$45,734
Balance Sheet
201120122013
Total assets$6,372,267$6,103,051$6,792,879
Cash - non-interest-bearing$322,458
Savings and temporary cash investments$1,518,381
Pledges and grants receivable, net$0
Accounts receivable, net$286,874
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0
Notes and loans receivable, net$0
Inventories for sale or use$54,142
Prepaid expenses and deferred charges$191,474
Land, buildings, and equipment: cost or other basis$328,332
Investments - publicly traded securities$4,091,218
Investments - other securities$0
Investments - program-related$0
Intangible assets$0
Other assets$0
Total liabilities$326,205$493,650$906,643
Accounts payable and accrued expenses$506,643
Grants payable$0
Deferred revenue$0
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0
Secured mortgages and notes payable to unrelated third parties$0$200,000$400,000
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$0
Total net assets or fund balances$6,046,062$5,609,401$5,886,236
Unrestricted net assets$-494,314
Temporarily restricted net assets$962,473
Permanently restricted net assets$5,418,077
Capital stock or trust principal, or current funds$0
Paid-in or capital surplus, or land, building, or equipment fund$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2)
Number of organizations supported1
Sum of amounts of support$4,458,326
Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001200220032004200520062007
Total revenue$4,283,106$4,913,978$4,158,355$3,634,191$4,194,140$5,575,281$5,644,603$5,152,996
Contributions, gifts, grants, and similar amounts received$1,592,654$3,083,840$2,735,733$1,967,824$2,085,634$3,459,292$3,439,476$2,771,468
Contributions to donor advised funds$0$0
Direct public support$797,654$2,278,840$1,930,733$1,036,249$1,000,976$2,319,611$2,268,714$1,582,366
Indirect public support$345,000$355,000$355,000$331,575$334,658$389,681$420,762$439,102
Government contributions (grants)$450,000$450,000$450,000$600,000$750,000$750,000$750,000$750,000
Program service revenue including government fees and contracts$126,222$123,670$69,087$63,324$116,235$82,129$189,484$140,602
Membership dues and assessments$497,221$545,760$474,391$458,706$493,100$514,586$617,209$578,718
Interest on savings and temporary cash investments$98,720$96,816$70,231$36,170$5,207$11,029$13,395$31,054
Dividends and interest from securities$48,654$44,137$35,819$46,391$120,674$129,268$143,725$96,518
Net rental income or (loss)$0$0$0$0$0$0$0$0
Gross rents$0$0$0$0$0$0$0$0
Less: rental expenses$0$0$0$0$0$0$0$0
Other investment income$3,325$3,840$1,580$0$11,265$1,430$16,801$77,871
Gain or (loss) from sales of assets other than inventory$932,756$50,777$-30,051$200,708$250,244$369,677$127,224$237,861
Gross amount from sales of assets other than inventory$1,701,047$1,493,240$944,980$2,070,575$1,420,676$1,939,720$1,979,393$3,398,444
Less: cost or other basis and sales expenses$768,291$1,442,463$975,031$1,869,867$1,170,432$1,570,043$1,852,169$3,160,583
Net income or (loss) from special events and activities$254,371$314,540$129,950$341,020$354,167$236,502$245,742$332,364
Gross revenue$254,371$314,540$129,950$341,020$354,167$357,865$361,738$485,613
Less: direct expenses other than fundraising expenses$0$0$0$0$0$121,363$115,996$153,249
Gross profit or (loss) from sales of inventory$703,359$638,118$671,914$520,048$757,614$771,368$836,763$877,872
Gross sales of inventory, less returns and allowances$1,039,255$925,834$964,728$752,404$1,078,577$1,080,858$1,119,417$1,246,930
Less: cost of goods sold$335,896$287,716$292,814$232,356$320,963$309,490$282,654$369,058
Other revenue$25,824$12,480$-299$0$0$0$14,784$8,668
Total expenses$3,799,442$3,632,055$4,102,965$3,691,546$3,999,227$4,841,726$4,641,413$4,790,829
Program services$3,066,751$2,776,037$2,823,294$2,960,609$3,273,984$4,120,245$3,906,125$3,922,430
Management and general$732,691$570,401$891,788$455,855$391,256$571,744$521,882$735,109
Fundraising$0$285,617$387,883$275,082$333,987$149,737$213,406$133,290
Payments to affiliates$0$0$0$0$0$0$0$0
Net assets or fund balances at end of year$8,054,280$8,468,909$8,568,985$4,255,802$4,392,023$5,295,113$6,856,640$6,233,945
Excess or (deficit) for the year$483,664$1,281,923$55,390$-57,355$194,913$733,555$1,003,190$362,167
Net assets or fund balances at beginning of year$8,303,129$8,054,280$8,468,909$8,568,985$4,255,802$4,392,023$5,295,113$6,856,640
Other changes in net assets or fund balances$-732,513$-867,294$44,686$-4,255,828$-58,692$169,535$558,337$-984,862
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,790,829$3,922,430$735,109$133,290
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$230,460$154,752$58,548$17,160
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,844,191$1,533,890$198,552$111,749
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$217,791$149,486$57,709$10,596
Payroll taxes$181,446$129,504$40,166$11,776
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$101,440$57,062$40,546$3,832
Telephone$24,591$23,361$1,230$0
Postage and shipping$296,753$276,208$15,353$5,192
Occupancy$288,679$259,174$29,505$0
Equipment rental and maintenance$273,832$180,729$56,327$36,776
Printing and publications$105,027$73,809$26,902$4,316
Travel$22,997$6,950$13,843$2,204
Conferences, conventions, and meetings$0$0$0$0
Interest$7,091$0$7,091$0
Depreciation, depletion, etc.$109,967$109,967$0$0
Other expenses not covered above$1,086,564$967,538$189,337$-70,311
Balance Sheets
20002001200220032004200520062007
Total assets$9,152,493$9,898,326$10,110,943$5,967,099$6,243,836$6,646,363$7,800,262$7,039,809
Cash - non-interest-bearing$128,048$75,760$76,776$13,090$20,930$123,907$70,097$312,197
Savings and temporary cash investments$0$0$0$0$0$0$0$0
Accounts receivable less allowance for doubtful accounts$44,940$100,138$213,905$37,435$28,063$56,158$58,645$130,910
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$357,500$398,243$497,912
Grants receivable$0$0$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$0$0$0$0$0$0$0$0
Inventories for sale or use$58,049$90,218$79,885$73,904$62,317$62,588$72,332$74,670
Prepaid expenses and deferred charges$172,308$123,427$152,494$167,957$217,377$161,889$209,768$198,122
Investments - publicly-traded securities$3,339,911$2,205,670
Investments - other securities$5,465,230$4,211,322$4,015,207$3,637,508$3,259,777$2,804,614$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0$0$0
Investments - other$171,714$4,817,226$465,940$1,566,552$2,149,324$2,612,294$3,191,916$3,235,074
Land, buildings, and equipment less accumulated depreciation$436,161$456,688$447,475$470,653$506,048$467,413$459,350$385,254
Other assets, including program-related investments$2,676,043$23,547$4,659,261$0$0$0$0$0
Total liabilities$1,098,213$1,429,417$1,541,958$1,711,297$1,851,813$1,351,250$943,622$805,864
Accounts payable and accrued expenses$337,838$390,182$468,909$398,970$278,790$327,400$406,788$439,197
Grants payable$0$0$0$0$0$0$0$0
Deferred revenue$227,375$485,996$330,154$497,915$551,795$200,624$203,167$166,667
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0$0$0
Mortgages and other notes payable$533,000$553,239$742,895$814,412$1,021,228$823,226$333,667$200,000
Other liabilities$0$0$0$0$0$0$0$0
Total liabilities and net assets/fund balances$9,152,493$9,898,326$10,110,943$5,967,099$6,243,836$6,646,363$7,800,262$7,039,809
Total net assets or fund balances$8,054,280$8,468,909$8,568,985$4,255,802$4,392,023$5,295,113$6,856,640$6,233,945
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001200220032004200520062007
Total revenue$4,283,106$4,913,978$4,158,355$3,634,191$4,194,140$5,575,281$5,644,603$5,152,996
Total revenue, gains, and other support per audited financial statements$3,818,559$4,269,401$4,446,414$4,194,373$4,402,712$5,779,752$6,552,689$4,650,536
Other expenses$-732,513$-867,294$44,686$615,888$262,271$258,021$956,987$-462,555
Net unrealized gains on investments$-732,513$-867,294$44,686$383,532$-58,692$-172,832$558,337$-984,862
Donated services and use of facilities$0$0$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0$0$0
Other$0$0$0$232,356$320,963$430,853$398,650$522,307
Other revenue$-267,966$-222,717$-243,373$55,706$53,699$53,550$48,901$39,905
Investment expenses$67,930$64,999$49,441$55,706$53,699$53,550$48,901$39,905
Other$-335,896$-287,716$-292,814$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001200220032004200520062007
Total expenses$3,799,442$3,632,055$4,102,965$3,691,546$3,999,227$4,841,726$4,641,413$4,790,829
Total expenses and losses per audited financial statements$4,067,408$3,854,772$4,346,338$3,868,196$4,266,491$5,219,029$4,991,162$5,273,231
Other revenue$335,896$287,716$292,814$232,356$320,963$430,853$398,650$522,307
Donated services and use of facilities$0$0$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0$0$0
Losses$0$0$0$0$0$0$0$0
Other$335,896$287,716$292,814$232,356$320,963$430,853$398,650$522,307
Other expenses$67,930$64,999$49,441$55,706$53,699$53,550$48,901$39,905
Investment expenses$67,930$64,999$49,441$55,706$53,699$53,550$48,901$39,905
Other$0$0$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
40$90,000$3,600$0
40$96,000$3,840$0
20$30,000$5,820$1,200
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings33
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?Yes
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?No
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200685
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$877,872$775,668$727,988
Program service revenue
Program service revenue 1000000$000$0$140,602
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$578,718
Interest on savings and temporary cash investments000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$31,054$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$96,518$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$77,871$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$237,861$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$332,364$0
Gross profit or (loss) from sales of inventoryFull-service restaurants$877,87200$0$0
Other revenue000000$000$0$8,668
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$68,000$2,720$0
$66,000$2,640$0
$52,500$1,325$0
$51,000$204$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isNot controlled by disqualified persons/supports non private foundation
Type of supporting organizationType III
Support Schedule
19992000200120022003200420052006
Total$0$0$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0$0$0
Other income$0$0$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Unrelated Trade or Business Income (for 2009)
IncomeExpensesNet
Total$7,339,121$0$733,912
Gross receipts or sales less returns and allowances$1,056,362$0$0
Cost of goods sold$322,450$0$0
Gross profit$733,912$0$733,912
Capital gain net income$0$0$0
Net gain$0$0$0
Capital loss deduction for trusts$0$0$0
Income (loss) from partnerships and S corporations$0$0$0
Rent income$0$0$0
Unrelated debt-financed income$0$0$0
Interest, annuities, royalties, and rents from controlled organizations$0$0$0
Investment income of a section 501(c)(7), (9), or (17) organization$0$0$0
Exploited exempt activity income$0$0$0
Advertising income$0$0$0
Other income$0$0$0
Deductions Not Taken Elsewhere (for 2009)
Total deductions$848,954
Compensation of officers, directors, and trustees$45,454
Salaries and wages$497,545
Repairs and maintenance$0
Bad debts$0
Interest$1,530
Taxes and licenses$44,926
Charitable contributions$0
Depreciation$17,940
Depletion$0
Contributions to deferred compensation plans$0
Employee benefit programs$45,608
Excess exempt expenses$0
Excess readership costs$0
Other deductions$195,951
Unrelated business taxable income$115,042
Unrelated business taxable income before net operating loss deduction$115,042
Net operating loss deduction$0
Unrelated business taxable income before specific deduction$115,042
Specific deduction$1,000
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Memphis Brooks Museum Of Art Inc1934 Poplar Ave, Memphis, TN 38104-2756TN1966-09$5,027,146
2Dixon Gallery & Gardens4339 Park Ave, Memphis, TN 38117-4626TN1992-02$3,619,410
3Stan Hywet Hall And Gardens Foundation714 N Portage Path, Akron, OH 44303-1399OH1999-07$9,032,213
4The Friends Of The Israel Antiquities Authoritity IncC/O Wlrk 51 West 52nd Street 31st, New York, NY 10019NY1992-01$2,863,685
5Santa Fe Chamber Music Festival Endowment FoundationPO BOX 2227, Santa Fe, NM 87504-2227NM1993-06$2,762,038
6Winchester Community Music School Trust407 Highland Ave, Winchester, MA 01890-4050MA1984-09$1,768,841
7Wickenburg Foundation For The Performing Arts2001 W Wickenburg Way Ste 3, Wickenburg, AZ 85390-2298AZ1998-06$1,448,777
8Royal Shakespeare Company AmericaPO BOX 1956, New York, NY 10101-1956NY1996-09$970,850
9Wilhelm Reich Infant TrustPO BOX 687, Rangeley, ME 04970-0687ME1994-09$969,028
10Watertown Arts On The Charles Inc321 Arsenal St, Watertown, MA 02472-5710MA1999-08$965,777
11The Barnes-Deinzer Seneca County Museum Foundation IncPO BOX 433, Tiffin, OH 44883-0433OH1982-09$865,003
12Sun Sounds Foundation2323 W 14th Street, Tempe, AZ 85281-6948AZ2000-07$589,548
13West Virginia Public Broadcasting Foundation Inc600 Capitol St, Charleston, WV 25301-1223WV1994-01$489,112
14Sleeper Trust4 E Jackson Ave, Iola, KS 66749-2931KS1975-10$479,630
15The Opera League Of Los AngelesPO BOX 491057, Los Angeles, CA 90049-9057CA1982-06$396,429
16The Anasazi The Ancient Ones Pageant Foundation800 N Auburn Ave, Farmington, NM 87401-2612NM1988-09$223,040
17Sandra Day Oconnor Band Boosters12221 Leslie Rd, Helotes, TX 78023-4404TX1999-09$221,452
18Baltimore Conservatory Association IncPo Box 5668, Baltimore, MD 21210MD1998-06$218,026
19Tom Hughes Foundation IncPO BOX 710336, Dallas, TX 75371-0336TX1984-06$117,724
20Nashville Institute For The Arts505 Deaderick Street 3rd Floor, Nashville, TN 37243TN1980-03$0
Number of organizations performing similar types of work
Alaska2
Alabama2
Arkansas3
Arizona6
California32
Colorado7
Connecticut1
District of Columbia1
Delaware1
Florida8
Georgia6
Hawaii2
Iowa7
Idaho2
Illinois10
Indiana7
Kansas4
Kentucky5
Louisiana4
Massachusetts6
Maryland4
Maine3
Michigan6
Minnesota4
Missouri3
Mississippi1
Montana1
North Carolina7
North Dakota1
Nebraska5
New Jersey2
New Mexico6
New York18
Ohio13
Oklahoma5
Oregon2
Pennsylvania7
Rhode Island1
South Dakota1
Tennessee3
Texas22
Utah3
Virginia2
Vermont1
Washington5
Wisconsin4
West Virginia2
International1
Total249

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