Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
12 people listed on the 990.
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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
Equips Memphis musicians with skills and experience to build successful careers.
Questions for The Consortium Mmt
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The Talent Development Complex
Houses the memphis music resource center (formerly of the memphis music foundation).
Emerging Stars Network
Provides and supports the continued development of individuals who have excelled through the first phase of our music mentorship program.
Soulright Music Mentorship Program
Is designed to mentor and educate promising members of the memphis area in three creative areas: songwriting, record producing, and recording artistry.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $210K | $240K |
| InvestmentsLn 11–13 | $354K | $472K |
| Land, buildings, equipmentLn 10c | $131K | $47K |
| Total assetsLn 16 | $751K | $804K |
| LiabilitiesLn 26 | $3K | $0 |
| Net assetsLn 32 | $748K | $804K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $54K | $51K | $3K | |
| Other employee benefitsLn 9 | $13K | $12K | $629 | |
| Payroll taxesLn 10 | $4K | $4K | $217 | |
| Accounting feesLn 11c | $16K | $16K | ||
| Office expensesLn 13 | $289 | $289 | ||
| OccupancyLn 16 | $36K | $36K | ||
| Depreciation, depletion and amortizationLn 22 | $84K | $80K | $4K | |
| InsuranceLn 23 | $20K | $17K | $3K | |
| Other expenses (24a–d)Ln 24 | $19K | $13K | $6K | |
| All other expensesLn 24e | $489 | $489 | ||
| Total functional expensesLn 25 | $246K | $214K | $33K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $140K | $153K | −$13K | $470K | 990 PDF |
| FY2024 | $95K | $148K | −$53K | $468K | 990 PDF |
| FY2023 | $82K | $152K | −$70K | $522K | 990 PDF |
| FY2022 | $55K | $193K | −$139K | $589K | 990 PDF |
| FY2021 Viewing | $239K | $246K | −$7K | $804K | 990 PDF |
| FY2020 | $37K | $403K | −$366K | $748K | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $239,039 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, no flags
Part VIII · Statement of revenue $239,039 across 4 lines filed
Part IX · Statement of functional expenses $246,498 across 10 lines filed
Part X · Balance sheet $803,599 assets, 11 lines filed
Part XI · Reconciliation of net assets $803,599 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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