2024-06-17T07:14:51-05:00 2023-07-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2022-08-01 237308001 MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC MEMP 9015254611 56 S FRONT STREET MEMPHIS TN 38103 MACK WEAVER CFO 9015254611 2024-06-10 1 MACK WEAVER 999009999 1 JON PAUL DAVIS CPA P01215363 9016834234 2024-06-10 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JAMES L HOLT 64 SOUTH MENDENHALL MEMPHIS TN 38117 13278342 0 X MEMPHISINMAY.ORG X 1977 TN MEMPHIS IN MAY INTERNATIONAL FESTIVAL, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING AND SUPPORTING RECREATIONAL, EDUCATIONAL, SOCIAL AND CULTURAL EVENTS AND ACTIVITIES, FOR THE CELEBRATION OF THE CITY OF MEMPHIS, PEOPLE OF MEMPHIS, AND THE PEOPLE OF OTHER CULTURES AND COUNTRIES OF THE WORLD BY INTRODUCING MEMPHIS TO THE WORLD AND THE WORLD TO MEMPHIS THROUGH THESE ANNUAL EVENTS AND ACTIVITIES THAT HONOR A SELECTED COUNTRY OF THE WORLD. 20 20 16 569 0 0 8736547 3035890 7561495 5027205 122302 102908 173917 120104 16594261 8286107 0 0 0 0 1481665 1432347 0 0 0 11356648 10281472 12838313 11713819 3755948 -3427712 6347595 5430497 978018 3481530 5369577 1948967 X ORGANIZED FOR THE PURPOSE OF PROVIDING AND SUPPORTING RECREATIONAL, EDUCATIONAL, SOCIAL AND CULTURAL EVENTS AND ACTIVITIES, FOR THE CELEBRATION OF THE CITY OF MEMPHIS, PEOPLE OF MEMPHIS, AND THE PEOPLE OF OTHER CULTURES AND COUNTRIES OF THE WORLD BY INTRODUCING MEMPHIS TO THE WORLD AND THE WORLD TO MEMPHIS THROUGH THESE ANNUAL EVENTS AND ACTIVITIES THAT HONOR A SELECTED COUNTRY OF THE WORLD. 0 0 11039115 5147309 PROVIDING AND SUPPORTING EVENTS AND ACTIVITIES FOR THE BEAL STREET MUSIC FESTIVAL (BSMF); PROVIDING AND SUPPORTING EVENTS AND ACTIVITIES FOR THE WORLD CHAMPIONSHIP BARBEQUE COOKING CONTEST (WCBCC); PROVIDING AND SUPPORTING EVENTS AND ACTIVITIES FOR THE SHELBY COUNTY CELEBRATION (SC) AND THE GREAT AMERICAN RIVER RUN (GARR); PROVIDING AND SUPPORTING INTERNATIONAL AND DIPLOMAT EVENTS AND ACTIVITIES THAT HONOR THE SELECTED COUNTRY (INTL)AND EDUCATION ACTIVITIES (ED), INCLUDING YEAR LONG SUPPORT FOR THE BSMF, WCBCC, GARR, INTL, EDUCATION AND VOLUNTEER EVENTS AND ACTIVITIES. 11039115 1 1 0 0 0 0 0 1 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 89 0 1 16 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X X MACK WEAVER 9015254611 56 S FRONT STREET MEMPHIS TN 38103 LEIGH SHOCKEY CHAIRMAN 2.00 X X 0 0 0 AL GOSSETT CHAIR ELECT 2.00 X 0 0 0 DOUG BROWNE VICE CHAIR 2.00 X X 0 0 0 WAYNE TABOR TREASURER 2.00 X X 0 0 0 VELVET GRAHAM SECRETARY 2.00 X X 0 0 0 REGENA BEARDEN BOARD MEMBER 2.00 X 0 0 0 RON COLEMAN BOARD MEMBER 2.00 X 0 0 0 SHAWN DANKO BOARD MEMBER 2.00 X 0 0 0 KATHY FERGUSON BOARD MEMBER 2.00 X 0 0 0 DR LASONYA HALL BOARD MEMBER 2.00 X 0 0 0 DAVID MCKINNEY BOARD MEMBER 2.00 X 0 0 0 SUSAN HADLEY MAYNOR BOARD MEMBER 2.00 X 0 0 0 KEN MOODY BOARD MEMBER 2.00 X 0 0 0 JENNIFER RICHARDSON BOARD MEMBER 2.00 X 0 0 0 HOWARD ROBERTSON BOARD MEMBER 2.00 X 0 0 0 ANDREW RUSSELL BOARD MEMBER 2.00 X 0 0 0 ERNEST STRICKLAND BOARD MEMBER 2.00 X 0 0 0 KATHLEEN WEATHERFORD BOARD MEMBER 2.00 X 0 0 0 PAT TIGRETT BOARD MEMBER 2.00 X 0 0 0 CHARLES EWING BOARD MEMBER 2.00 X 0 0 0 JAMES L HOLT CEO AND PRESIDENT 40.00 X 202336 0 29607 MACK WEAVER CFO AND EXECUTIVE VICE PRESIDENT 40.00 X 167305 0 18819 369641 0 48426 2 0 1 0 0 3035890 3035890 FESTIVAL EVENTS 900099 5027205 5027205 5027205 143559 143559 24100 25401 -1301 -1301 -1301 4819698 4860349 -40651 -40651 -40651 172011 106485 65526 65526 MISCELLANEOUS REVENUE 900099 55879 55879 55879 8286107 5147309 0 102908 X 370454 370454 835222 835222 81099 81099 67662 67662 77910 77910 26960 26960 34525 34525 1690208 1683815 6393 297831 286789 11042 229447 56057 173390 183850 4110 179740 33300 33300 19449 19449 55848 55848 85719 85719 PROGRAM EVENT EXPENSES 7545449 7545449 HOSPITALITY - SPONSORS, 33025 33025 EDUCATION PROGRAMS 25355 25355 PUBLIC RELATIONS SERVIC 18695 18695 1811 47 1764 11713819 11039115 674704 0 128312 2786213 607466 200849 793060 4500 4500 28432 33668 3886295 2073239 1894132 1813056 3483904 0 6347595 5430497 528125 1108247 34409 52069 415484 2321214 978018 3481530 X 4869577 1948967 500000 0 5369577 1948967 6347595 5430497 -3427712 7102 0 X X 0 1 X 1 0 X 319719 439987 1056285 8736547 3035890 13588428 319719 439987 1056285 8736547 3035890 13588428 13588428 82155 56634 53930 161682 143559 497960 0 4303 42900 42900 24100 114203 21693 55879 77572 14278163 24988818 0.95170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 243240 0 0 500000 500000 500000 500000 500000 500000 500000 500000 110500 110500 1952928 651404 1301524 228037 151929 76108 1351590 1269906 81684 243240 243240 1813056 X 8390570 7102 131886 138988 8251582 34525 34525 8286107 11811180 131886 131886 11679294 34525 34525 11713819 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. MEMPHIS IN MAY'S EVALUATION WAS PERFORMED FOR THE TAX YEARS ENDED JULY 31, 2020, THROUGH JULY 31, 2023, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF THE YEAR ENDED JULY 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE COGS INCLUDED IN REVENUE 106,485. RENTAL EXPENSES 25,401. PART XII, LINE 2D - OTHER ADJUSTMENTS: MECHANDISE COGS INCLUDED IN REVENUE 106,485. RENTAL EXPENSES 25,401. 0 0 0 0 0 0 0 0 0 JAMES L HOLT CEO AND PRESIDENT 202336 0 0 0 0 0 0 0 29607 0 231943 0 0 0 MACK WEAVER CFO AND EXECUTIVE VICE PRESIDENT 167305 0 0 0 0 0 0 0 18819 0 186124 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM IS REVIEWED BY THE PRESIDENT (CEO) AND VICE PRESIDENT (CFO), THEN IT IS PRESENTED TO THE FINANCE COMMITTEE FOR APPROVAL. EITHER THE PRESIDENT OR THE VICE PRESIDENT SIGNS THE FORM. FORM 990, PART VI, SECTION B, LINE 12C MEMPHIS IN MAY INTERNATIONAL FESTIVAL, INC. REQUEST THE CONFLICT OF INTEREST FORM TO BE PREPARED AND SIGNED ANNUALLY BY ALL BOARD MEMBERS AND KEY OFFICERS. FORM 990, PART VI, SECTION B, LINE 15 ACCORDING TO ARTICLE V OF THE MEMPHIS IN MAY INTERNATIONAL FESTIVAL, INC.'S BYLAWS; THE CORPORATION PRESIDENT SHALL HAVE GENERAL CHARGE AND SUPERVISION OF THE STAFF AND OFFICES OF THE CORPORATION. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY FORMS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 975. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 975. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,418. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,418. PROGRAM LABOR EXPENSES : PROGRAM SERVICE EXPENSES 1,683,815. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,683,815. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT PROCESS AND CHOOSES A THIRD PARTY ACCOUNTANT BASED ON QUALIFICATIONS.