Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1969.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
45 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
13 people listed on the 990; $210K paid to officers and key staff.
William Thompson’s $210K as Executive Director Till 12/12/25 is at the 86th 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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| William Thompson | $209,635 | $201,640 | — | — | — | — |
| Kevin Thompson | — | — | $177,778 | $199,221 | $192,200 | — |
| Steve Pike | — | — | — | — | — | $56,121 |
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.
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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
Inspires learning how history, science, tech, and nature shape the Mid-South.
Questions for Memphis Museums INC
Your first name shows with your question. Memphis Museums INC answers here, for everyone.
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Memphis museum education programs -- giant screen theater featuring history, natural history, and science films; lichterman nature center featuring indoor exhibits and outdoor habitats with environmental education programs; pink palace education school and general audience programs; coon creek science center for school groups evacavating…
Pink palace exhibitions -- permanent exhibitions about the cultural history and natural history of the mid-south. TEMPORARY/TRAVELING exhibitions about science, history, and natural history. 149,191 persons benefitted.
Curatorial services -- conservation and preservation of over 60,000 artifacts and objects in support of education programs and exhibitions. 482,096 persons benefitted.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
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| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.4M | $868K |
| InvestmentsLn 11–13 | $6.8M | $7.4M |
| Land, buildings, equipmentLn 10c | $763K | $708K |
| Total assetsLn 16 | $9.0M | $9.1M |
| LiabilitiesLn 26 | $292K | $588K |
| Net assetsLn 32 | $8.8M | $8.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $216K | $216K | ||
| Other salaries and wagesLn 7 | $2.1M | $1.0M | $865K | $166K |
| Other employee benefitsLn 9 | $126K | $63K | $53K | $10K |
| Payroll taxesLn 10 | $153K | $69K | $73K | $11K |
| Investment management feesLn 11f | $40K | $40K | ||
| Other fees for servicesLn 11g | $1.0M | $417K | $578K | $24K |
| Advertising and promotionLn 12 | $71K | $71K | ||
| TravelLn 17 | $15K | $6K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $56K | $43K | $13K | |
| InsuranceLn 23 | $196K | $196K | ||
| Other expenses (24a–d)Ln 24 | $1.5M | $812K | $670K | $43K |
| All other expensesLn 24e | $226K | $46K | $174K | $5K |
| Total functional expensesLn 25 | $5.7M | $2.6M | $2.9M | $260K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest Viewing | $5.2M | $5.7M | −$537K | $8.6M | 990 PDF |
| FY2024 | $4.0M | $4.3M | −$281K | $8.8M | 990 PDF |
| FY2023 | $4.2M | $3.4M | $784K | $8.8M | 990 PDF |
| FY2022 | $4.6M | $2.4M | $2.3M | $7.9M | 990 PDF |
| FY2021 | $3.3M | $2.2M | $1.1M | $6.1M | 990 PDF |
| FY2020 | $2.2M | $2.9M | −$697K | $4.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $5,165,441 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $5,165,441 across 9 lines filed
Part IX · Statement of functional expenses $5,702,066 across 12 lines filed
Part X · Balance sheet $9,143,732 assets, 15 lines filed
Part XI · Reconciliation of net assets $8,555,750 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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