Nonprofit · EIN 04-3725572
MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC
Tax-exempt · MERIDIAN, MS 39301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $129,478 | $139,150 | -$9,672 | $994,589 | $0 | $994,589 |
| December 31, 2023 | 990 (amended) | $151,523 | $153,102 | -$1,579 | $953,606 | -$50,000 | $1,003,606 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $67,110
- of which government grants
- $3,200
- Program service revenue
- $11,841
- Investment income
- $47,500
- Net income from sales of inventory
- $3,027
- Other revenue
- $3,027
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $57,200
- Other salaries and wages
- $30,433
- Salaries, compensation and benefits (total)
- $94,612
- Professional fundraising fees
- $0
- Occupancy
- $7,453
- Travel
- $1,933
- Program services (functional)
- $113,712
- Management and general (functional)
- $22,938
- Fundraising (functional)
- $2,500
Balance sheet and other
- Total assets, start of year
- $953,606
- Total assets, end of year
- $994,589
- Total liabilities, end of year
- $0
- Net assets, end of year
- $994,589
- Land, buildings and equipment
- $350,000
- Publicly traded securities
- $588,030
- Net assets without donor restrictions
- $56,559
- Net assets with donor restrictions
- $938,030
- Gross receipts
- $134,018
- Employees
- 3
- Volunteers
- 50
- Year formed
- 2002
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gregory W Hatcher | Treasurer and Executive Director Officer, Highest-paid employee | 40 | $57,400 |
| James L McRae | President Officer | 10 | $0 |
| Mark A Scarborough | Vice President Officer | 2 | $0 |
| Curt Friday | Secretary Officer | 2 | $0 |
| Walter B Clement | Board Member Trustee or director | 0.5 | $0 |
| Mike McKnight | Board Member Trustee or director | 0.25 | $0 |
| Maurice Hall | Board Member Trustee or director | 0.25 | $0 |
| David Price | Board Member Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Gregory W Hatcher | Sec Treas and Executive Director Officer | 40 | $57,200 |
| James L McRae | President Officer | 10 | $0 |
| Mark A Scarborough | Vice President Officer | 1 | $0 |
| Walter B Clement | Board Member Trustee or director | 2 | $0 |
| Curt Friday | Board Member Trustee or director | 2 | $0 |
| Mike McKnight | Board Member Trustee or director | 0.5 | $0 |
| Dan Holland | Board Member Trustee or director | 0.5 | $0 |
| David Price | Board Member Trustee or director | 0.5 | $0 |
| Maurice Hall | Board Member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1808 4TH ST, MERIDIAN, MS 39301-5213
- In care of
- % JAMES L MCRAE
- Principal officer (990 for 2024)
- Gregory W Hatcher, 1808 4TH ST, MERIDIAN, MS 39301
- Signed the 990
- Gregory W Hatcher, Executive Director
- Phone
- (601) 693-9905
- Website
- www.soulesteammuseum.com
Mission
The Mississippi Industrial Heritage Museum located in the historic Soule Steam Feed Works site promotes the heritage labor and innovation that influenced and shaped our countrys rise as an industrial and manufacturing pioneer.
Program accomplishments
- The Mississippi Industrial Heritage Museum continues to preserve restore and interpret historic Soule Steam Feed Works. During the past year the museum certified safety sprinkler system. In general upkeep the steam engines and other historic machine shop equipment require a great deal of care throughout the year so that they can still be operable during museum events and larger tours. It is the museums desire that equipment be displayed and shown in motion rather than as a static display.Expenses $62,095
- The Mississippi Industrial Heritage Museum is open for self-guided tours Thursday through Saturday. The organization received grant funding from Visit Meridian to help cover advertising expenses outside a 90-mile radius of the museum. The Museum hosted the 22nd Annual Soule Live Steam Show again this year with more than 1,000 visitors. Since the event started in 2003 the museum has offered free admission to students and children on Fridays during this event. Programs during this event are used to educate the public with various demonstrations including blacksmithing weaving molten metal pouring steam engines operating belt-driven machine shop letter-press printing and broom-making. The museum hosted the 9th Annual Maker Faire Meridian in April attracted 186 people to attend this free event.Expenses $49,017 · grants $3,200 · revenue $6,844
- The museum continues its outreach by opening the museum for private events during the year. Larger groups of visitors attending private events provide an opportunity for a different public audience to experience and learn about Soule and industrial heritage. Private events open the museum to the hosts their family friends colleagues employees and business patrons. For a set fee the museum is open during the off-hours for these private events. The museum also participates in state and regional conferences and events for additional outreach with other museums preservationists and other organizations. The Museum hosted the Meridian Symphony Associations presentation of "A Night to Shine Jimmie Rodgers and Where It All Began"Expenses $2,600 · revenue $4,997
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-3725572
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A54)
- Assets (IRS master file)
- $994,589
- Income (IRS master file)
- $134,018
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $129,478 | $139,150 | $994,589 | IRS |
| 990 | December 2023 | $151,523 | $153,102 | $953,606 | XML |
| 990 | December 2022 | $164,693 | $159,520 | $884,439 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3725572).
Questions about MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC
- What is the EIN of MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC?
- The employer identification number (EIN) of MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC is 04-3725572.
- Is MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC?
- The 990 for the year ended December 31, 2024 names Gregory W Hatcher.
- Who are the officers and directors of MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $57,400 (Gregory W Hatcher, Treasurer and Executive Director).
- How much revenue does MISSISSIPPI INDUSTRIAL HERITAGE MUSEUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $129,478, expenses of $139,150 and total assets of $994,589 at year end.
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