Friends Ferriday Delta Music Museum And Foundation
- Assets
- $29.4k
- Revenue
- $28.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Ferriday, LA
- Founding
- 04/2002
- Data as of
- 12/2022
- EIN
- 31-1801403
Organization Overview
Friends Ferriday Delta Music Museum And Foundation is located in Ferriday, LA. The organization was established in 2002. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Ferriday Delta Music Museum And Foundation 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 12/2022, Friends Ferriday Delta Music Museum And Foundation generated $28.9k 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 (11.4%) each year. All expenses for the organization totaled $26.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVE MUSIC EVENTS THAT WERE OPEN TO THE PUBLIC INCLUDED 7 MUSIC EVENTS IN 2022 AT THE ARCADE THEATER. THE FRIENDS PAID FOR THE SOUND MAN AND SECURITY FOR EACH EVENT. THESE EVENTS SHOWCASE LOCAL AND REGIONAL WHO ARE WORKING TO BECOME BETTER KNOWN AND TO BECOME PROFESSIONALS. FRIENDS SELL THE TICKETS AND ARE AVAILABLE DURING THE SHOWS. EVENTS INCLUDED AN ELVIS PERFORMER FROM BRANSON, A JUNETEENTH CELEBRATION AND A MUSICAL EVENT FOR THE CHILDREN OF CONCORDIA PARISH. THE EVENTS ALSO INCLUDED A MEMORIAL FOR MICKEY GILLEY AND A ELECBRATION OF LIFE FOR JERRY LEE LEWIS, BOTH WHO ARE NATIVES OF FERRIDAY. DUE TO RESTRICTIONS OF COVID 19, THE NUMBER OF SHOWS AND ATTENDANCE WAS LIMITED AND TOTAL VISITORS AND GROUP TOURS DROPPED FROM 6,151 IN 2019 TO 1,051 IN 2020 BUT HAD INCREASED TO 5,575 IN 2021 AND 4,562 IN 2022
OPERATION OF THE DELTA MUSIC MUSEUM AND GIFT SHOP - OPEN DAILY AND FREE TO THE PUBLIC. FEATURES VARIOUS EXHIBITS AND MEMORIBILIA OF ARTISTS WHO ARE ASSOCIATED WITH THE DELTA AREA.
CO-SPONSOR OF MUSICAL PROGRAMS WITH THE CONCORDIA PARISH LIBRARY HOWEVER IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rena Pitts President | 0 | $0 | |
Nancy Anders Director | 0 | $0 | |
Debbie Guillory Director | 0 | $0 | |
Savannah Thornton Treasurer | 0 | $0 | |
Guylyn Boles Director | 0 | $0 | |
James Lee Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $12,572 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $2,382 |
| Other Income | $13,910 |
| Total Revenue | $28,864 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $88 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,302 |
| Total operating and administrative expenses | $26,790 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $26,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,393 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $4,000 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $29,393 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |