Motown Historical Museum Inc
- Assets
- $47.3m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 47
- Location
- Detroit, MI
- Founding
- 10/1987
- Data as of
- 09/2023
- EIN
- 38-2614561
Organization Overview
Motown Historical Museum Inc is located in Detroit, MI. The organization was established in 1987. According to its NTEE Classification (A54) the organization is classified as: History Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 09/2023, Motown Historical Museum Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Motown Historical Museum 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 09/2023, Motown Historical Museum Inc generated $10.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $5.0m during the year ending 09/2023. While expenses have increased by 11.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE ORGANIZATION COLLECTS DOCUMENTS, OBJECTS, PICTURES, CLOTHING, AND ARTIFACTS WHICH DEPICT AND DEMONSTRATE THE HISTORY, AND PRESERVE THE LEGACY AND TRADITION, OF A MUSICAL ERA FOR DISPLAY TO THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MOTOWN MUSEUM ENGAGES VISITORS FROM AROUND THE WORLD IN AN EXPERIENTIAL AND EDUCATIONAL CELEBRATION OF THE ICONIC MOTOWN LEGACY AND ITS CULTURAL, SOCIAL AND HISTORICAL IMPACT. WE PROTECT AND PRESERVE HITSVILLE U.S.A. - THE BIRTHPLACE OF MOTOWN RECORDS TO DOCUMENT THE HUMBLE BEGINNINGS OF THE ARTISTS' COLLECTIVE CONTRIBUTION TO MUSIC THAT REVOLUTIONIZED AN INDUSTRY.
THE ORGANIZATION OPERATES A SOUVENIR SHOP TO PROVIDE DOCUMENTS, OBJECTS, PICTURES, CLOTHING, AND ARTIFACTS WHICH DEPICT AND DEMONSTRATE THE HISTORY, AND PRESERVE THE LEGACY AND TRADITION, OF A MUSICAL ERA FOR DISPLAY TO THE PUBLIC.
MOTOWN PROVIDES VARIOUS PROGRAMS TO ENGAGE OUR YOUTH IN THE HISTORY AND STORY THAT IS MOTOWN. THIS INCLUDES TWO SUMMER PROGRAMS, ONE FOR HIGH SCHOOL STUDENTS AND A SECOND FOR MIDDLE STUDENTS IN THE COMMUNITY. IN ADDITION, A MOTOWN MIC SPOKEN WORD COMPETITION AND AMPLIFY, THE SECOND OF DETROIT, WHICH SEEKS TO BUILD ON THE RICH LEGACY OF MOTOWN, CELEBRATE THE UNIQUE VOICES OF DETROIT AND THE CREATIVE SYNERGY OF THE ARTISTS PAST, PRESENT, AND EMERGING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Terry Chair & CEO | OfficerTrustee | 40 | $0 |
Allen Rawls Trustee | Trustee | 1 | $0 |
Karla Hall Vice Preside | Trustee | 1 | $0 |
Derek Hurt Secretary | Trustee | 1 | $0 |
Morton Noveck Treasurer | Trustee | 1 | $0 |
Elesha Bridgers Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ls Brinker Builder - Expansion | 9/29/22 | $1,987,963 |
Perkinswill Inc Architectural Services - Expansion | 9/29/22 | $1,178,490 |
Plante Moran Cresa Architectural Services - Expansion | 9/29/22 | $273,783 |
Centerline Electric Rebuild Building Electrical Services | 9/29/22 | $195,076 |
Signal Restoration Services Water Damage Mitigation | 9/29/22 | $168,118 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,996 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,177,996 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,133,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,315,403 |
| Total Program Service Revenue | $1,282,888 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $53,402 |
| 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 | $535,932 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,021,056 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,930,386 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $87,919 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,997 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $90,880 |
| Office expenses | $219,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $144,094 |
| Travel | $43,207 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,435 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $456,082 |
| Insurance | $76,315 |
| All other expenses | $189,202 |
| Total functional expenses | $4,978,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,524,104 |
| Savings and temporary cash investments | $111,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,192,077 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $285,127 |
| Prepaid expenses and deferred charges | $45,773 |
| Net Land, buildings, and equipment | $20,898,143 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $255,092 |
| Total assets | $47,312,059 |
| Accounts payable and accrued expenses | $1,094,456 |
| Grants payable | $0 |
| Deferred revenue | $13,328 |
| 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 | $240,567 |
| Other liabilities | $0 |
| Total liabilities | $1,348,351 |
| Net assets without donor restrictions | $45,963,708 |
| Net assets with donor restrictions | $0 |
| 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 | $47,312,059 |