Crosstown Arts

Tax-deductible

Memphis, TN501(c)(3)Arts & CultureEIN 27-1876711Revenue $5.1M in FY2025

On file with the IRScrosstownarts.org1350 Concourse Ave Ste 280, 38104-2023 · Memphis, TNTax-exempt since Sep 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Crosstown Arts is a contemporary Arts organization dedicated to further cultivating the creative community in memphis. Managing a variety of exhibition, performance, and production spaces, Crosstown Arts supports artists, musicians, and audiences with a wide range of multidisciplinary and collaborative projects. Crosstown Arts founded and managed the renovation of Crosstown concourse, a one-million-square-foot mixed-use development in the former sears building. Over 40,000 square feet of space in Crosstown concourse is dedicated to the non-profit Arts organization's Arts and music programming.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Run by 144 volunteers and 102 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average surplus $1.4M a year · 20% of revenue · last 6 filings
Worth a look: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$100K
to officers and key staff · 2% of spending
Top officer’s pay lower than 67% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $2.3M
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$65.1M
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.1M
+6% vs prior year
Spent
$4.8M
To programs
87%
Net assets
$35.4M
By yearFY2020–FY2025
Revenue
$5.1M
FY2025▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$3.7M
FY2022$20.0M
FY2023$4.9M
FY2024$4.9M
FY2025$5.1M
Expenses
$4.8M
FY2025▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$6.8M
FY2021$5.5M
FY2022$5.8M
FY2023$6.1M
FY2024$5.5M
FY2025$4.8M
Net assets
$35.4M
FY2025-0.02%
Tap a bar for its year
Net assets by fiscal year
FY2020$13.1M
FY2021$11.6M
FY2022$26.5M
FY2023$25.4M
FY2024$35.4M
FY2025$35.4M

From the FY2025 Form 990 (year ending April 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $4.2M Management & general 12% · $570K Fundraising 1% · $66K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $100K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$100,000Pt VII · Sec A
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Board Director
$0Pt VII · Sec A

Stacy Wright’s $100K as Executive Director is at the 33rd percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stacy Wright$100,000$100,000————
Christopher Miner——$99,455$99,455$99,467$94,455
Todd Richardson—————$39,848

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Crosstown Arts executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Cultivates Memphis' creative community through exhibitions, performances, and artist support.

Questions for Crosstown Arts

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Provided by the organization

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3 programs · $3.0M · in their own filed words · FY2024
01

Crosstown arts creates a wide range of public programming in and around crosstown concourse to help revitalize memphis' crosstown neighborhood. This public programming includes ongoing free, large-scale public events throughout the year in crosstown concourse's outdoor public plaza and indoor public atrium spaces.

$1.9Mprogram expense
02

Crosstown arts manages a variety of exhibition spaces that include over 5,000 square feet of gallery space in multiple locations. The exhibition program hosts a diverse range of memphis-based and NATIONAL/INTERNATIONAL visual artists, and includes a deliberate mix of individual and group shows curated and organized by individuals AND/OR…

$933Kprogram expense
03

Crosstown arts manages a variety of multidisciplinary and collaborative production spaces that are the core elements of the residency program, which hosts over 60 memphis-based and visiting artists and musicians, working in any medium, each year.

$167Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$5.1M
Ln 12
Gifts and grantsLn 1h$2.3M
Investment incomeLn 3$1.5M
Fees for servicesLn 2g$1.3M
Money outPt IX
$4.8M
Ln 25
Programscol B$4.2M
Managementcol C$570K
Fundraisingcol D$66K
Owns and owesPt X
$35.4M
net assets · Ln 32
Cash and savingsLn 1–2$977K
Total assetsLn 16$100.5M
LiabilitiesLn 26$65.1M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.3M
Fees for servicesLn 2g$1.3M
Investment incomeLn 3$1.5M
Other incomeLn 4–11$16K
Total revenueLn 12$5.1M
Assets in detailPt X, end of year
CashLn 1$977K
Cash and savings togetherLn 1–2$977K
Land, buildings, equipmentLn 10c$13.4M
Other assetsLn 15$8.0M
Total assetsLn 16$100.5M
LiabilitiesLn 26$65.1M
Net assetsLn 32$35.4M
OperationsPt I, VI
EmployeesI 5102
VolunteersI 6144
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$874K$977K
Land, buildings, equipmentLn 10c$14.1M$13.4M
Total assetsLn 16$100.3M$100.5M
LiabilitiesLn 26$64.9M$65.1M
Net assetsLn 32$35.4M$35.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$100K$40K$30K$30K
Other salaries and wagesLn 7$617K$409K$203K$4K
Other employee benefitsLn 9$105K$52K$49K$5K
Payroll taxesLn 10$49K$49K
Other fees for servicesLn 11g$56K$335$55K$0
Advertising and promotionLn 12$313K$291K$22K
Office expensesLn 13$14K$5K$9K
OccupancyLn 16$675K$626K$49K
TravelLn 17$5K$5K
InterestLn 20$1.4M$1.4M$5K
Depreciation, depletion and amortizationLn 22$761K$751K$10K
InsuranceLn 23$100K$3K$97K
Other expenses (24a–d)Ln 24$652K$585K$63K$4K
All other expensesLn 24e$188$188$0$0
Total functional expensesLn 25$4.8M$4.2M$570K$66K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $5.1M$4.8M$316K$35.4M 990 PDF
FY2024 $4.9M$5.5M−$625K$35.4M 990 PDF
FY2023 $4.9M$6.1M−$1.2M$25.4M 990 PDF
FY2022 $20.0M$5.8M$14.3M$26.5M 990 PDF
FY2021 $3.7M$5.5M−$1.8M$11.6M 990 PDF
FY2020 $4.2M$6.8M−$2.6M$13.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $5,146,987 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,544,389$2,331,005
I-9 Program service revenuePrior year $1,228,536$1,290,856
I-10 Investment incomePrior year $1,174,786$1,509,315
I-11 Other revenuePrior year −$83,156$15,811
I-12 Total revenuePrior year $4,864,555$5,146,987
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,000,215$871,041
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,489,321$3,959,872
I-18 Total expensesPrior year $5,489,536$4,830,913
I-19 Revenue less expensesPrior year −$624,981$316,074
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,146,987 across 6 lines filed
Lines not itemized here account for $13,883 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$2,331,005
VIII-1h Total contributions, gifts and grants$2,331,005
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,290,856$1,290,856
VIII-3 Investment incomeExcluded from tax $1,509,315$1,509,315
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,928$1,928
VIII-12 Total revenueRelated to mission $1,304,739 · Unrelated business $0 · Excluded from tax $1,511,243$5,146,987
Part IX · Statement of functional expenses $4,830,913 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $40,000 · Management $30,000 · Fundraising $30,000$100,000
IX-7 Other salaries and wagesPrograms $409,358 · Management $203,381 · Fundraising $4,070$616,809
IX-9 Other employee benefitsPrograms $51,695 · Management $48,651 · Fundraising $4,954$105,300
IX-10 Payroll taxesPrograms $48,932$48,932
IX-11g Other fees for servicesPrograms $335 · Management $55,274 · Fundraising $0$55,609
IX-12 Advertising and promotionPrograms $290,871 · Fundraising $22,170$313,041
IX-13 Office expensesPrograms $5,279 · Management $8,685$13,964
IX-16 OccupancyPrograms $625,618 · Management $49,183$674,801
IX-17 TravelPrograms $4,765$4,765
IX-20 InterestPrograms $1,378,648 · Management $5,106$1,383,754
IX-22 Depreciation, depletion and amortizationPrograms $751,130 · Management $10,130$761,260
IX-23 InsurancePrograms $3,177 · Management $96,897$100,074
IX-24 Other expenses (24a–d)Programs $585,309 · Management $62,609 · Fundraising $4,498$652,416
IX-24e All other expensesPrograms $188 · Management $0 · Fundraising $0$188
IX-25 Total functional expensesPrograms $4,195,305 · Management $569,916 · Fundraising $65,692$4,830,913
Part X · Balance sheet $100,520,354 assets, 16 lines filed
Asset lines not itemized here account for $78,063,928; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $874,163$976,991
X-3 Pledges and grants receivableStart of year $56,195$45,176
X-8 Inventories for sale or useStart of year $8,437$8,890
X-9 Prepaid expenses and deferred chargesStart of year $31,398$34,730
X-10c Land, buildings and equipment, netStart of year $14,139,980$13,382,168
X-15 Other assetsStart of year $7,138,681$8,008,471
X-16 Total assetsStart of year $100,312,782$100,520,354
X-17 Accounts payable and accrued expensesStart of year $166,236$134,535
X-19 Deferred revenueStart of year $11,826,891$11,812,378
X-24 Unsecured notes and loans payableStart of year $21,335,503$20,935,577
X-25 Other liabilitiesStart of year $31,562,240$32,223,731
X-26 Total liabilitiesStart of year $64,890,870$65,106,221
X-27 Net assets without donor restrictionsStart of year $35,356,396$35,349,133
X-28 Net assets with donor restrictionsStart of year $65,516$65,000
X-32 Total net assets or fund balancesStart of year $35,421,912$35,414,133
X-33 Total liabilities and net assetsStart of year $100,312,782$100,520,354
Part XI · Reconciliation of net assets $35,414,133 net assets at year end
XI-1 Total revenue$5,146,987
XI-2 Total expenses$4,830,913
XI-3 Revenue less expenses$316,074
XI-4 Net assets at start of year$35,421,912
XI-9 Other changes in net assets−$323,853
XI-10 Net assets at end of year$35,414,133

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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