Mardi Gras Museum Inc
- Assets
- $45.5k
- Revenue
- $86.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Biloxi, MS
- Founding
- 04/2003
- Data as of
- 09/2022
- EIN
- 64-0869724
Organization Overview
Mardi Gras Museum Inc is located in Biloxi, MS. The organization was established in 2003. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mardi Gras 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 09/2022, Mardi Gras Museum Inc generated $86.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 67.4% each year . All expenses for the organization totaled $103.8k during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RECORD AND PROMOTE THE HISTORY OF MARDI GRAS ON THE MISSISSIPPI GULF COAST
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CHILDRENS' MARDIS GRAS PARADE AND SHOE BOX FLOAT BUILDING CRAFTS AND EDUCATIONAL SPEAKER. ALLOWS CHILDREN TO EXPERIENCE THE RIDING IN A MARDI GRAS PARADE ON THE STREETS OF HISTORIC BILOXI. ALLOWS THEM TO EXPERIENCE THE DESIGN AND CONSTRUCTION OF A MARDI GRAS FLOAT.
SPONSOR EVENTS AND EXHIBIT FEATURES HELD AT MUSEUM.
ADMISSION FEES BY TOURIST VISITING THE MUSEUM TO VIEW MARDI GRAS DISPLAYS AND NET PROFITS FROM GIFT SHOP SALES OF MARDI GRAS SOUVINERS
GULF COAST CARNIVAL ASSOCIATION USE OF THE MUSUEM FOR ADMINISTRTION OF THE MARDI GRAS SEASON INCLUDING CORONATION OF KING, QUEEN, DUKES, MAIDS AND STREET PARADE IN DOWNTOWN BILOXI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Theobald Treasurer | OfficerTrustee | 2 | $0 |
Susan Hunt President | OfficerTrustee | 5 | $0 |
William Briscoe Director | Trustee | 1 | $0 |
Ryland Bertucci Director | Trustee | 1 | $0 |
Richard Schmidt Director | Trustee | 1 | $0 |
Kate D Spear Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $53,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $53,500 |
| Total Program Service Revenue | $16,040 |
| Investment income | $22 |
| 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 | $4,056 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,465 |
| 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 | $45,313 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $575 |
| Advertising and promotion | $7,540 |
| Office expenses | $833 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,635 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,030 |
| All other expenses | $0 |
| Total functional expenses | $103,818 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $45,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $45,480 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $45,480 |
| 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 | $45,480 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mardi Gras Museum Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
The Peoples Heritage Foundation Inc Biloxi, MS PURPOSE: SUPPORT FOR RENOVATION EXPENSES | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Country Music Foundation Inc Nashville, TN | $103,507,163 | $14,152,198 |
Barber Vintage Motorsports Museum Birmingham, AL | $96,854,317 | $20,184,084 |
Tennessee Golf Foundation Franklin, TN | $24,594,928 | $7,116,069 |
Discovery Park Of America Inc Union City, TN | $88,157,973 | $11,219,580 |
Tennessee State Museum Foundation Nashville, TN | $6,574,867 | $116,981 |
Cook Museum Of Natural Science Decatur, AL | $31,863,685 | $9,083,410 |
Adventure Science Center Nashville Nashville, TN | $22,045,170 | $10,457,321 |
Tennessee Valley Railroad Museum Inc Chattanooga, TN | $14,724,108 | $5,452,372 |
Childrens Museum Of Northwestarkansas Bentonville, AR | $23,218,828 | $2,416,188 |
The Ogden Museum Of Southern Art Inc New Orleans, LA | $9,894,768 | $3,382,497 |
Museum Of Discovery Little Rock, AR | $11,251,257 | $7,522,016 |
Mast Inc Pearlington, MS | $21,017,429 | $1,438,366 |