Bessie Smith Cultural Center African American Museum &
- Assets
- $630.2k
- Revenue
- $883.2k
- Investments
- $0.0
- Employees
- 7
- Location
- Chattanooga, TN
- Founding
- 01/1988
- Data as of
- 06/2021
- EIN
- 62-1247459
Organization Overview
Bessie Smith Cultural Center African American Museum & is located in Chattanooga, TN. The organization was established in 1988. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Bessie Smith Cultural Center African American Museum & employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bessie Smith Cultural Center African American 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 06/2021, Bessie Smith Cultural Center African American Museum & generated $883.2k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $722.3k during the year ending 06/2021. While expenses have increased by 8.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE THE PREMIER INTERDISCIPLINARY CULTURAL CENTER THAT PROMOTES EDUCATION AND ARTISTIC EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HISTORICAL AND TECHNICAL RESOURCE MATERIAL FOR ALL SCHOOLS IN THE CHATTANOOGA/HAMILTON COUNTY, TN AREA. MAINTAINED A COMPREHENSIVE LIBRARY AND DISPLAYED EXHIBIT MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yusuf Hakeem Chairman | OfficerTrustee | 2 | $0 |
Christy Rashed Director | OfficerTrustee | 2 | $0 |
Elizabeth Appling Secretary | OfficerTrustee | 2 | $0 |
Dr Jeff Rector Vice-Chairman | OfficerTrustee | 2 | $0 |
Paula Wilkes Executive Dir. | OfficerTrustee | 40 | $0 |
Ariel Anthony Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,457 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $586,710 |
| All other contributions, gifts, grants, and similar amounts not included above | $247,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $837,688 |
| Total Program Service Revenue | $11,663 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,806 |
| 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 | $883,157 |
| 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 | $157,723 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $18,312 |
| Payroll taxes | $12,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,755 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,347 |
| Advertising and promotion | $107 |
| Office expenses | $11,171 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $706 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $839 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,410 |
| Insurance | $14,295 |
| All other expenses | $1,288 |
| Total functional expenses | $722,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $374,310 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,377 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,204 |
| Prepaid expenses and deferred charges | $482 |
| Net Land, buildings, and equipment | $9,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $242,051 |
| Total assets | $630,202 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $12,982 |
| Total liabilities | $12,982 |
| Net assets without donor restrictions | $617,220 |
| 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 | $630,202 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Bessie Smith Cultural Center African American Museum & has recieved totaling $40,069.
| Awarding Organization | Amount |
|---|---|
Greater Chattanooga Sports & Events Commitee Chattanooga, TN PURPOSE: SUPPORT | $15,000 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $12,500 |
Food City Charitable Foundation Inc Abingdon, VA PURPOSE: SUPPORT THE MISSION OF THE CHARITY | $12,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $69 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crosswater Canyon Inc Petersburg, KY | $131,093,453 | $43,029,126 |
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Johnny Morris Wonders Of Wildlife Foundation Springfield, MO | $84,645,334 | $34,583,902 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
National Corvette Museum Foundation Inc Bowling Green, KY | $80,229,990 | $15,403,313 |
Mariners Museum Newport News, VA | $159,780,245 | $10,021,200 |
National Center For Civil And Humanrights Inc Atlanta, GA | $28,909,465 | $12,210,926 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Atlanta Hall Management Inc Atlanta, GA | $34,614,233 | $3,372,998 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Kentucky Derby Museum Corporation Louisville, KY | $35,033,343 | $10,633,125 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |