Nonprofit · EIN 62-1083757
BLUES FOUNDATION INC
Tax-exempt · MEMPHIS, TN 38103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2024 | 990 | $2,096,669 | $1,808,975 | $287,694 | $2,515,456 | -$87,621 | $2,603,077 |
| September 30, 2023 | 990 | $1,211,621 | $1,473,782 | -$262,161 | $3,697,234 | $37,455 | $3,659,779 |
Financial details: 990 for the year ended September 30, 2024
Revenue
- Contributions, gifts and grants
- $1,860,639
- Membership dues
- $59,145
- Program service revenue
- $234,347
- Investment income
- $1,683
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $596,515
- Salaries, compensation and benefits (total)
- $650,073
- Professional fundraising fees
- $0
- Occupancy
- $133,680
- Depreciation
- $107,432
- Program services (functional)
- $1,808,975
Balance sheet and other
- Total assets, start of year
- $3,697,234
- Total assets, end of year
- $2,515,456
- Total liabilities, end of year
- -$87,621
- Net assets, end of year
- $2,603,077
- Land, buildings and equipment
- $1,813,994
- Net assets without donor restrictions
- $1,828,391
- Net assets with donor restrictions
- $774,686
- Gross receipts
- $2,096,669
- Employees
- 10
- Volunteers
- 0
- Year formed
- 1980
- 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 September 30, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Astrup | Director Trustee or director | 4 | $0 |
| Dr Dina Bennett | Director Trustee or director | 4 | $0 |
| Kathy Bolmer | Director Trustee or director | 4 | $0 |
| Billy Branch | Director Trustee or director | 4 | $0 |
| Terika Dean | Board Chair Trustee or director, Institutional trustee | 4 | $0 |
| Ronald Scott Fitzke | Director Trustee or director, Institutional trustee | 4 | $0 |
| Wayne Goins | Director Trustee or director | 4 | $0 |
| Janice Johnston | Director Trustee or director | 4 | $0 |
| Sherry May | Treasurer Trustee or director | 4 | $0 |
| Bruce Morel | Director Trustee or director | 4 | $0 |
| Cheryl Pawelski | Secretary Trustee or director | 4 | $0 |
| Gwendolyn Quinn | Director Trustee or director | 4 | $0 |
| Kimberly Horton | Executive Director Trustee or director | 4 | $0 |
| Jeff Syracuse | Immediate Past Chair Trustee or director | 4 | $0 |
| Ric Whitney | Director Trustee or director | 4 | $0 |
990 for the year ended September 30, 2023: 15 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Peter Astrup | Director Trustee or director | 4 | $0 |
| Dr Dina Bennett | Director Trustee or director | 4 | $0 |
| Kathy Bolmer | Director Trustee or director | 4 | $0 |
| Billy Branch | Director Trustee or director | 4 | $0 |
| Terika Dean | Vice Chair Trustee or director, Institutional trustee | 4 | $0 |
| Ronald Scott Fitzke | Board Chair Trustee or director, Institutional trustee | 4 | $0 |
| Wayne Goins | Director Trustee or director | 4 | $0 |
| Janice Johnston | Director Trustee or director | 4 | $0 |
| Sherry May | Treasurer Trustee or director | 4 | $0 |
| Bruce Morel | Director Trustee or director | 4 | $0 |
| Cheryl Pawelski | Secretary Trustee or director | 4 | $0 |
| Gwendolyn Quinn | Director Trustee or director | 4 | $0 |
| Kimberly Horton | Executive Director Trustee or director | 4 | $0 |
| Jeff Syracuse | Immediate Past Chair Trustee or director | 4 | $0 |
| Ric Whitney | Director Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 421 S MAIN ST, MEMPHIS, TN 38103-4464
- Principal officer (990 for 2023)
- Terika Dean, 421 S Main St, Memphis, TN 38103
- Signed the 990
- Terika Dean, Board Chair
- Phone
- (901) 527-2583
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
TO PERSERVE BLUES HERITAGE
Program accomplishments
- TO PERSERVE BLUES HERITAGE.Expenses $1,808,975 · grants $508,800 · revenue $2,096,670
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | Not on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 62-1083757
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A68Z)
- Assets (IRS master file)
- $2,515,456
- Income (IRS master file)
- $2,096,669
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2024 | $2,096,669 | $1,808,975 | $2,515,456 | XML |
| 990 | September 2023 | $1,211,621 | $1,473,782 | $3,697,234 | XML |
| 990 | September 2022 | $1,236,532 | $1,481,444 | $4,373,317 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 62-1083757).
Questions about BLUES FOUNDATION INC
- What is the EIN of BLUES FOUNDATION INC?
- The employer identification number (EIN) of BLUES FOUNDATION INC is 62-1083757.
- Is BLUES FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to BLUES FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BLUES FOUNDATION 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 BLUES FOUNDATION INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BLUES FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2024.
- Who is the principal officer of BLUES FOUNDATION INC?
- The 990 for the year ended September 30, 2024 names Terika Dean.
- Who are the officers and directors of BLUES FOUNDATION INC?
- The 990 for the year ended September 30, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does BLUES FOUNDATION INC have?
- On its 990 for the year ended September 30, 2024 it reported revenue of $2,096,669, expenses of $1,808,975 and total assets of $2,515,456 at year end.
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All nonprofits in MEMPHIS · Tennessee · Arts, culture and humanities