The Musicians Hall of Fame and Museum
Fiscal Year
Fiscal Year Start
01/01/2023
Fiscal Year End
12/31/2023
Projected Revenue
$1,072,500.00
Projected Expenses
$962,600.00
Organizational Budgets and Other Documents
| 2023 Estimated Budget | 2023 |
| 2021 Estimated Budget | 2021 |
| 2020 Budget | 2020 |
| 2019 Budget | 2019 |
| 2018 Projected Budget | 2018 |
IRS Letter of Exemption
| IRS Letter of Determination |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $2,092,775.00 | $1,370,985.00 | $840,506.00 |
| Total Expenses | $1,469,763.00 | $794,241.00 | $766,097.00 |
| Revenue Less Expenses | $623,012.00 | $576,744.00 | $74,409.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $90,000.00 | $30,000.00 | $6,658.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $455,501.00 | $687,984.00 | $130,055.00 |
| Contributions, Gifts, and Grants | $62,517.00 | $63,165.00 | $280,890.00 |
| Indirect Public Support | $0.00 | $0.00 | $10,000.00 |
| Earned Revenue | $1,484,757.00 | $615,793.00 | $399,555.00 |
| Investment Income, Net of Losses | $0.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $0.00 | $4,043.00 | $13,348.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $1,084,975.00 | $562,479.00 | $562,060.00 |
| Administration Expense | $384,788.00 | $231,762.00 | $204,037.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 142% | 173% | 110% |
| Program Expense/Total Expenses | 74% | 71% | 73% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Program Revenue $1,484,757.00 | Contributions, Gifts, and Grants $687,984.00 | Program Revenue $399,555.00 |
| Second Highest Funding Source & Dollar Amount | Government Grants $455,501.00 | Program Revenue $615,793.00 | Contributions, Gifts, and Grants $280,890.00 |
| Third Highest Funding Source & Dollar Amount | Foundations and Corporations $90,000.00 | Foundations and Corporations $30,000.00 | Government Grants $130,055.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $2,620,096.00 | $2,497,299.00 | $1,417,898.00 |
| Current Assets | $1,087,167.00 | $1,170,914.00 | $31,924.00 |
| Long-Term Liabilities | $0.00 | $0.00 | $0.00 |
| Current Liabilities | $1,435,916.00 | $1,936,594.00 | $1,433,937.00 |
| Total Net Assets | $1,184,180.00 | $560,705.00 | $-16,039.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
June
Permit Expiration Year
2024
Form 990s
| 2022 Form 990 | 2022 |
| 2021 Form 990 | 2021 |
| 2020 Form 990 | 2020 |
| 2019 990 Form | 2019 |
| 2018 Form 990 | 2018 |
| 2017 Form 990 | 2017 |
| 2016 Form 990 | 2016 |
| 2015 Form 990 | 2015 |
| 2014 Form 990 | 2014 |
Audit Documents
| 2022 Audit | 2022 |
| 2021 Audit | 2021 |
| 2020 Audit Documents | 2020 |
| 2019 Audit Doc | 2019 |
| Audit of Financials 2018 | 2018 |
| Audited Financials | 2017 |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared by AJ CPAs, PLLC. Comments provided by Nicole Rose 11/21/2023. |
