Playback Memphis Inc
- Assets
- $2.0m
- Revenue
- $364.4k
- Investments
- $1.5m
- Employees
- 5
- Location
- Memphis, TN
- Founding
- 09/2011
- Data as of
- 06/2023
- EIN
- 30-0527070
Organization Overview
Playback Memphis Inc is located in Memphis, TN. The organization was established in 2011. According to its NTEE Classification (A6C) the organization is classified as: Bands & Ensembles, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Playback Memphis Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Playback Memphis Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Playback Memphis Inc generated $364.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $567.4k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PBM IS A PERFORMING ARTS GROUP THAT PRODUCES SHOWS BRINGING STORIES TO LIFE IN A SAFE ENVIRONMENT FOR THE PURPOSE OF UNLOCKING HEALING, TRANSFORMATION, AND JOY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THEATRICAL RENDITION OF EDUCATIONAL AND HUMANITARIAN STORIES
THEATRICAL RENDITION OF EDUCATIONAL AND HUMANITARIAN STORIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Reed-Murphy Executive Director | Officer | 40 | $79,200 |
Meggan Kiel Director | Trustee | 1 | $0 |
Tienne Anderson Director | Trustee | 2 | $0 |
Laura Mcartor Director | Trustee | 2 | $0 |
Kenneth Anderson Director | Trustee | 3 | $0 |
Phuong Nguyen Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,276 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $287,276 |
| Total Program Service Revenue | $45,919 |
| Investment income | $30,959 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,418 |
| Statement of Expenses | |
|---|---|
| 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 Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,300 |
| Compensation of current officers, directors, key employees. | $4,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $232,919 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $32,453 |
| Payroll taxes | $24,732 |
| Fees for services: Management | $116,796 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,539 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,037 |
| Advertising and promotion | $0 |
| Office expenses | $17,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,833 |
| Travel | $832 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,459 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,361 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $567,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,360 |
| Savings and temporary cash investments | $194 |
| Pledges and grants receivable | $169,915 |
| Accounts receivable, net | $3,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,320 |
| Investments—publicly traded securities | $119,637 |
| Investments—other securities | $1,500,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,015,176 |
| Accounts payable and accrued expenses | $3,640 |
| Grants payable | $0 |
| Deferred revenue | $1,900 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,511 |
| Total liabilities | $8,151 |
| Net assets without donor restrictions | $1,979,271 |
| Net assets with donor restrictions | $27,754 |
| 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 |
| Total liabilities and net assets/fund balances | $2,015,176 |