Nonprofit · EIN 58-1578111
MYSTIC SOCIETY OF THE MEMPHI INC
Tax-exempt · MEMPHIS, TN 38177
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $355,926 | $338,854 | $17,072 | $343,748 | $550 | $343,198 |
| August 31, 2024 | 990 (amended) | $327,916 | $309,273 | $18,643 | $326,676 | $550 | $326,126 |
| August 31, 2023 | 990 | $351,955 | $348,703 | $3,252 | $308,033 | $550 | $307,483 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $153,957
- Membership dues
- $153,957
- Program service revenue
- $182,349
- Investment income
- $14,627
- Net income from sales of inventory
- $4,993
- Other revenue
- $4,993
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,700
Balance sheet and other
- Total assets, start of year
- $326,676
- Total assets, end of year
- $343,748
- Total liabilities, end of year
- $550
- Net assets, end of year
- $343,198
- Net assets without donor restrictions
- $343,198
- Gross unrelated business income
- $19,620
- Gross receipts
- $363,855
- Employees
- 0
- Volunteers
- 28
- Year formed
- 1934
- State of legal domicile
- TN
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 August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JACK STIMAC | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLIE G MCCAIN JR | TREASURER Trustee or director, Officer | 3 | $0 |
| JOEY DUDEK | BOARD MEMBER Trustee or director | 3 | $0 |
| MIKE HESS | BOARD MEMBER Trustee or director | 1 | $0 |
| RICHARD R ROBERTS | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| DABNEY COLLIER | BOARD MEMBER Trustee or director | 1 | $0 |
| KENNY CHARBONNET | VICE CHAIRMAN/SECRETARY Trustee or director, Officer | 1 | $0 |
| BEN BUFFINGTON | BOARD MEMBER Trustee or director | 1 | $0 |
| GREG SONES | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM TAYLOR | MEMBERSHIP CONTACT Officer | 5 | $0 |
990 for the year ended August 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLIE G MCCAIN JR | TREASURER Trustee or director, Officer | 3 | $0 |
| JOEY DUDEK | SECRETARY Trustee or director, Officer | 3 | $0 |
| ROBERT BLACK | BOARD CHAIR Trustee or director | 1 | $0 |
| RICHARD R ROBERTS | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| DABNEY COLLIER | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM TAYLOR | MEMBERSHIP CONTACT Trustee or director | 5 | $0 |
| KENNY CHARBONNET | VICE CHAIRMAN/SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended August 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOM BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| SHELLIE G MCCAIN JR | TREASURER Trustee or director, Officer | 3 | $0 |
| JOEY DUDEK | SECRETARY Trustee or director, Officer | 3 | $0 |
| ROBERT BLACK | BOARD CHAIR Trustee or director, Officer | 1 | $0 |
| RICHARD R ROBERTS | VICE CHAIRMAN Trustee or director, Officer | 3 | $0 |
| DABNEY COLLIER | BOARD MEMBER Trustee or director | 1 | $0 |
| JIM TAYLOR | MEMBERSHIP CONTACT Trustee or director | 5 | $0 |
| KENNY CHARBONNET | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 771376, MEMPHIS, TN 38177-1376
- In care of
- % CLAUDE CHAFFIN
- Principal officer (990 for 2024)
- SHELLIE G MCCAIN, PO BOX 771376, MEMPHIS, TN 381771376
- Signed the 990
- SHELLIE G MCCAIN, TREASURER
- Phone
- (901) 573-1185
- Return prepared by
- ASCENT ACCOUNTING & ADVISORY PLLC
Mission
THE SOCIETY IS A SOCIAL CLUB THAT SPONSORS PARTIES AND EVENTS FOR ITS MEMBERS AND THEIR GUESTS EACH YEAR LEADING UP TO THE CELEBRATION OF "CARNIVAL" IN EARLY JUNE. CARNIVAL PROMOTES MEMPHIS AS A GREAT CITY AND WORKPLACE, AND ANNUALLY SELECTS AND CELEBRATES AN INDUSTRY THAT HAS A MAJOR IMPACT ON THE ECONOMY OF THE MID-SOUTH. AS ONE OF THE ELEVEN "GRAND KREWES OF CARNIVAL MEMPHIS", MEMPHI SUPPORTS THE CIVIC MISSION AND ELEEMOSYNARY ENDEAVORS OF CARNIVAL MEMPHIS WHICH BENEFITS LOCAL CHILDREN'S CHARITIES.
Program accomplishments
- CARNIVAL WEEK - A WEEKLONG CELEBRATION OF CARNIVAL MEMPHIS INCLUDING INDUCTION OF THE KING AND THE GRAND COSTUME BALL.Expenses $108,359
- MID-WINTER BALL - SOCIAL GATHERING IN JANUARY TO PRESENT THE DUCHESSES FOR THE MEMPHI COURT TO THE MEMBERSHIP.Expenses $53,956
- FALL PARTY - FAREWELL APPEARANCE OF THE COURT FROM THE PREVIOUS YEAR AND KICKOFF OF THE NEW SOCIAL SEASON INCLUDING INTRODUCTION OF THE UPCOMING MEMPHI GENERAL CHAIRMAN AND CARNIVAL MEMPHIS PRESIDENT.Expenses $14,480
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 58-1578111
- Tax-exempt status
- 501(c)(7): Social or recreational club
- Donations deductible
- No
- Exempt since
- 1986
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $343,748
- Income (IRS master file)
- $363,855
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $355,926 | $338,854 | $343,748 | XML |
| 990 | August 2024 | $327,916 | $309,273 | $326,676 | XML |
| 990 | August 2023 | $351,955 | $348,703 | $308,033 | XML |
| 990 | August 2022 | $321,012 | $330,370 | $304,781 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2019 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | 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 58-1578111).
Questions about MYSTIC SOCIETY OF THE MEMPHI INC
- What is the EIN of MYSTIC SOCIETY OF THE MEMPHI INC?
- The employer identification number (EIN) of MYSTIC SOCIETY OF THE MEMPHI INC is 58-1578111.
- Is MYSTIC SOCIETY OF THE MEMPHI INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(7) since 1986.
- Are donations to MYSTIC SOCIETY OF THE MEMPHI INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MYSTIC SOCIETY OF THE MEMPHI 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 MYSTIC SOCIETY OF THE MEMPHI INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MYSTIC SOCIETY OF THE MEMPHI INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of MYSTIC SOCIETY OF THE MEMPHI INC?
- The 990 for the year ended August 31, 2025 names SHELLIE G MCCAIN.
- Who are the officers and directors of MYSTIC SOCIETY OF THE MEMPHI INC?
- The 990 for the year ended August 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does MYSTIC SOCIETY OF THE MEMPHI INC have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $355,926, expenses of $338,854 and total assets of $343,748 at year end.
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