2025-03-17T08:48:20-05:00 2024-07-31 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1755 KIRBY PARKWAY SUITE 200 MEMPHIS TN 38120 990 2023-08-01 237308001 MEMPHIS IN MAY INTERNATIONAL FESTIVAL INC MEMP 9015254611 56 S FRONT STREET MEMPHIS TN 38103 MACK WEAVER CEO 9015254611 2025-03-08 1 1 RICHARD A SWOPE P00590766 9016834234 2025-03-08 2023 2025-03-06 01:10:19Z MACK WEAVER 64 SOUTH MENDENHALL MEMPHIS TN 38117 3782766 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. 19 19 13 384 0 0 3035890 979000 5027205 1169823 102908 328102 120104 -15516 8286107 2461409 0 0 0 0 1432347 914387 0 0 0 10281472 2263266 11713819 3177653 -3427712 -716244 5430497 1648924 3481530 416201 1948967 1232723 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 2504014 1154307 PROVIDING AND SUPPORTING EVENTS AND ACTIVITIES FOR THE BEALE 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. 2504014 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 67 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 19 19 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 664 RIDGE SPRINGS ROAD COLLIERVILLE TN 38017 LEIGH SHOCKEY PAST CHAIRMAN 2.00 X X 0 0 0 AL GOSSETT CHAIRMAN 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 RON COLEMAN BOARD MEMBER 2.00 X 0 0 0 SHAWN DANKO BOARD MEMBER 2.00 X 0 0 0 DR LASANYA HALL BOARD MEMBER 2.00 X 0 0 0 JENNIFER RICHARDSON BOARD MEMBER 2.00 X 0 0 0 HOWARD ROBERTSON CHAIR ELECT 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 VICKI BUCK BOARD MEMBER 2.00 X 0 0 0 MINA BECTON BOARD MEMBER 2.00 X 0 0 0 BRETT MULLIS BOARD MEMBER 2.00 X 0 0 0 TED TOWNSEND BOARD MEMBER 2.00 X 0 0 0 YOLANDA COOPER-SUTTON BOARD MEMBER 2.00 X 0 0 0 MICKELL LOWERY BOARD MEMBER 2.00 X 0 0 0 PAT TIGGRETT BOARD MEMBER 2.00 X 0 0 0 MACK WEAVER CEO AND PRESIDENT 40.00 X 160990 0 13322 JAMES L HOLT PAST PRESIDENT AND CEO 40.00 X 197230 0 14126 KEVIN GROTHE VP OF SPONSORSHIP 40.00 X 142627 0 11966 RANDY M BLEVINS VP OF MARKETING 40.00 X 114693 0 0 615540 0 39414 4 0 1 0 0 979000 979000 FESTIVAL EVENTS 900099 1169823 1169823 1169823 28306 28306 16167 -16167 -16167 -16167 1550000 1250204 299796 299796 299796 51549 54986 -3437 -3437 MISCELLANEOUS REVENUE 900099 4088 4088 4088 2461409 1154307 0 328102 X 157232 157232 610108 610108 28867 28867 54427 54427 63753 63753 32202 32202 35276 35276 745637 583781 161856 51477 38900 12577 175716 31285 144431 142480 142480 14354 14354 18650 18650 81487 81487 PROGRAM EVENT EXPENSES 883075 883075 HOSPITALITY - SPONSORS, 25227 25227 CLEAN UP - GENERAL 23004 23004 MISCELLANEOUS 18662 18662 16019 14560 1459 3177653 2504014 673639 0 2786213 1091925 793060 42740 4500 4500 33668 8452 2102147 1600840 1813056 501307 0 0 5430497 1648924 1108247 264823 52069 12717 2321214 138661 3481530 416201 X 1948967 1232723 0 0 1948967 1232723 5430497 1648924 -716244 0 X X 0 1 X 1 0 X 439987 1056285 8736547 3035890 979000 14247709 439987 1056285 8736547 3035890 979000 14247709 14247709 56634 53930 161682 143559 28306 444111 4303 42900 42900 24100 0 114203 21693 55879 4088 81660 14887683 0.95700 0.95170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 243240 0 0 0 0 500000 500000 500000 500000 500000 500000 368869 218232 150637 138448 92780 45668 1351590 1289828 61762 243240 243240 501307 X 2585062 52500 71153 123653 2461409 0 2461409 3301306 52500 71153 123653 3177653 0 3177653 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, 2021, THROUGH JULY 31, 2024, THE YEARS WHICH REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF THE YEAR ENDED JULY 31, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: MERCHANDISE COGS INCLUDED IN REVENUE 54,986. RENTAL EXPENSES 16,167. PART XII, LINE 2D - OTHER ADJUSTMENTS: MECHANDISE COGS INCLUDED IN REVENUE 54,986. RENTAL EXPENSES 16,167. X 0 0 0 0 0 0 0 0 0 JAMES L HOLT PAST PRESIDENT AND CEO 197230 0 0 0 0 0 0 0 14126 0 211356 0 0 0 MACK WEAVER CEO AND PRESIDENT 160990 0 0 0 0 0 0 0 13322 0 174312 0 0 0 KEVIN GROTHE VP OF SPONSORSHIP 142627 0 0 0 0 0 0 0 11966 0 154593 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 PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,523. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,523. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 157,333. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 157,333. PROGRAM LABOR EXPENSES: PROGRAM SERVICE EXPENSES 583,781. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 583,781. 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.