Lorraine Civil Rights Museum Foundation
- Assets
- $35.8m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 56
- Location
- Memphis, TN
- Founding
- 07/1983
- Data as of
- 06/2022
- EIN
- 58-1484027
Organization Overview
Lorraine Civil Rights Museum Foundation, operating under the name National Civil Rights Museum, is located in Memphis, TN. The organization was established in 1983. 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 06/2022, National Civil Rights Museum employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Civil Rights Museum 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 06/2022, National Civil Rights Museum generated $14.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $10.5m during the year ending 06/2022. While expenses have increased by 2.3% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NATIONAL CIVIL RIGHTS MUSEUM (NCRM), LOCATED AT THE HISTORIC LORRAINE MOTEL, HONORS AND PRESERVES THE LEGACY OF DR. MARTIN LUTHER KING. WE CHRONICLE THE AMERICAN CIVIL RIGHTS MOVEMENT AND TELL THE STORY OF THE ONGOING STRUGGLE FOR HUMAN RIGHTS. WE EDUCATE AND SERVE AS A CATALYST TO INSPIRE ACTION TO CREATE POSITIVE SOCIAL CHANGE.
Describe the Organization's Program Activity:
FY2022 WAS A REBUILDING YEAR FOR THE NATIONAL CIVIL RIGHTS MUSEUM (NCRM) AS THE INSTITUTION STARTED TO RECOVER FROM THE EFFECTS AND CLOSURES DUE TO THE COVID-19 PANDEMIC. NCRM ATTENDANCE NUMBERS ROSE FROM 115,212 AT THE HEIGHT OF THE PANDEMIC TO 227,343 BY THE END OF FISCAL YEAR 2022. RELIEF GRANTS RECEIVED DURING THE PANDEMIC, ALONG WITH CONTINUED SUPPORT FROM CORPORATE, FOUNDATION AND INDIVIDUAL DONORS THROUGHOUT FY22, HELPED TO SUSTAIN THE MUSEUM AND AS A RESULT, THE NCRM REMAINED FINANCIALLY STABLE THROUGHOUT THE FISCAL YEAR. THE MUSEUM WAS ALSO ABLE TO CONTINUE ITS PROGRAMMING VIRTUALLY THROUGHOUT MOST OF FY22, INCLUDING ITS TENTPOLE EVENTS: FREEDOM AWARD, KING DAY CELEBRATION, AND APRIL 4 COMMEMORATION (HYBRID EVENT). IN FEBRUARY 2022, THE NCRM LAUNCHED THE CORPORATE EQUITY CENTER. THE CORPORATE EQUITY CENTER'S SIGNATURE PROGRAM, THE C-SUITE INITIATIVE, COMBINES NCRM'S HISTORICAL EXPERTISE IN CIVIL RIGHTS AND DIVERSITY, EQUITY AND INCLUSION, WITH STRATEGIC AND CULTURALLY RELEVANT LEADERSHIP DEVELOPMENT TO ERADICATE RACISM IN CORPORATE AMERICA AND INCREASE THE REPRESENTATION OF BLACK EXECUTIVES IN C-SUITE AND SENIOR LEADERSHIP POSITIONS. LASTLY, THE NATIONAL CIVIL RIGHTS MUSEUM HAS ESTABLISHED A FUNDAMENTAL VISION THAT WILL GUIDE ITS WORK OVER THE NEXT FEW YEARS: TO BECOME A NATIONALLY RECOGNIZED CENTER OF EXCELLENCE FOR THOUGHT LEADERSHIP AND EQUITABLE SOLUTIONS TO ADDRESS TODAY'S CHALLENGES IN CIVIL AND HUMAN RIGHTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aram Goudsouzian Board Member | Trustee | 1 | $0 |
Cathy D Ross Board Member | Trustee | 1.5 | $0 |
Connie L Lensing Executive Committee | Trustee | 1.5 | $0 |
Darrell Cobbins Board Member | Trustee | 1 | $0 |
Elliot Perry Board Member | Trustee | 1 | $0 |
Gail Tyree Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Howard Revis Design Exhibit Design Services | 6/29/22 | $635,490 |
Top Notch Security Inc Security Services | 6/29/22 | $358,157 |
Pro Tech Services Group It Services | 6/29/22 | $188,034 |
The Human Experience Project Inc Exhibit Design Services | 6/29/22 | $250,000 |
Strategic Cleaning Services Custodial | 6/29/22 | $170,259 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,158,708 |
| Investment income | $419,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $114,800 |
| Net Gain/Loss on Asset Sales | $1,165,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,247,879 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,748,460 |
| Statement of Expenses | |
|---|---|
| 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. | $467,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,497,789 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $250,612 |
| Payroll taxes | $191,320 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,844 |
| Fees for services: Accounting | $43,476 |
| Fees for services: Lobbying | $24,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $115,415 |
| Fees for services: Other | $335,222 |
| Advertising and promotion | $171,485 |
| Office expenses | $218,652 |
| Information technology | $348,322 |
| Royalties | $0 |
| Occupancy | $1,434,854 |
| Travel | $34,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,106 |
| Interest | $938 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,050,642 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,522,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,901,735 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $751,408 |
| Accounts receivable, net | $52,806 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $200,144 |
| Prepaid expenses and deferred charges | $32,223 |
| Investments—publicly traded securities | $20,841,418 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,843,207 |
| Accounts payable and accrued expenses | $502,074 |
| Grants payable | $0 |
| Deferred revenue | $423,000 |
| 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 | $579,400 |
| Other liabilities | $0 |
| Total liabilities | $1,504,474 |
| Net assets without donor restrictions | $23,117,445 |
| Net assets with donor restrictions | $11,221,288 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $34,338,733 |