Nonprofit · EIN 62-1719414
SOULSVILLE
Tax-exempt · MEMPHIS, TN 38106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,516,971 | $4,606,732 | -$1,089,761 | $7,676,316 | $252,861 | $7,423,455 |
| June 30, 2024 | 990 | $4,048,706 | $4,514,514 | -$465,808 | $8,747,072 | $297,484 | $8,449,588 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,156,339
- of which government grants
- $952,744
- Program service revenue
- $836,191
- Investment income
- $63,628
- Net rental income
- $174,929
- Net income from fundraising events
- $6,325
- Net income from sales of inventory
- $279,559
- Other revenue
- $460,813
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $591,019
- Other salaries and wages
- $1,527,644
- Salaries, compensation and benefits (total)
- $2,505,812
- Professional fundraising fees
- $0
- Accounting fees
- $53,291
- Occupancy
- $322,440
- Travel
- $90,283
- Depreciation
- $572,788
- Program services (functional)
- $3,006,466
- Management and general (functional)
- $1,332,339
- Fundraising (functional)
- $267,927
Balance sheet and other
- Total assets, start of year
- $8,747,072
- Total assets, end of year
- $7,676,316
- Total liabilities, end of year
- $252,861
- Net assets, end of year
- $7,423,455
- Land, buildings and equipment
- $5,056,693
- Publicly traded securities
- $1,006,738
- Net assets without donor restrictions
- $7,063,086
- Net assets with donor restrictions
- $360,369
- Gross receipts
- $3,846,282
- Employees
- 68
- Volunteers
- 100
- Year formed
- 1997
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETISE MITCHELL WORLEY | PRESIDENT/CEO Officer | 40 | $215,805 | $21,364 |
| ELIZABETH MONTGOMERY | CFO Officer | 40 | $136,400 | $14,992 |
| JEFFREY KOLLATH | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $129,400 | $21,364 |
| ISAAC DANIEL | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $109,414 | $316 |
| BEVERLY ROBERTSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MEKA EGWUEKWE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MAY WALKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TOM MARINO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAMES MACLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KIRBY DOCKERY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD GREENWALD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ELIZABETH LANDRIGAN-KEOUGH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN KREMER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SEAN NORRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANDRE PERSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KELLY RAYNE | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHELE SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEXANDRIA SMITH | BOARD MEMBER Trustee or director | 1 | $0 |
| ALEX TURLEY | BOARD MEMBER Trustee or director | 1 | $0 |
| COURTNEY WEINSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BETISE MITCHELL WORLEY | PRESIDENT/CEO Officer | 40 | $215,805 | $21,364 |
| ELIZABETH MONTGOMERY | CFO Highest-paid employee | 40 | $136,400 | $14,992 |
| JEFFREY KOLLATH | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $129,400 | $21,364 |
| ISAAC DANIEL | EXECUTIVE DIRECTOR Highest-paid employee | 40 | $109,414 | $316 |
| BEVERLY ROBERTSON | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MEKA EGWUEKWE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| JAMES MACLIN | CHAIR EMERITUS Trustee or director, Officer | 1 | $0 | $0 |
| RICHARD GREENWALD | EMERITUS Trustee or director, Officer | 1 | $0 | $0 |
| TOM MARINO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| MAY WALKER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KIRBY DOCKERY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELIZABETH LANDRIGAN-KEOUGH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN KREMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| SEAN NORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANDRE PERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXANDRIA SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MICHELE SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEX TURLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| COURTNEY WEINSTEIN | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 926 E MCLEMORE AVE, MEMPHIS, TN 38106-3338
- Principal officer (990 for 2024)
- ELIZABETH MONTGOMERY, 926 E MCLEMORE AVENUE, MEMPHIS, TN 38106
- Signed the 990
- ELIZABETH MONTGOMERY, CFO
- Phone
- (901) 946-2535
- Return prepared by
- THE MARSTON GROUP PLC
Mission
THE SOULSVILLE FOUNDATION, A 501(C)(3) ORGANIZATION OVERSEEING THE STAX MUSEUM AND STAX MUSIC ACADEMY, IS DEDICATED TO PERPETUATING THE SOUL OF STAX RECORDS BY PERSERVING ITS RICH CULTURAL LEGACY, EMPOWERING YOUTH WITH THE TOOLS FOR LIFE SUCCESS, AND INSPIRING FUTURE ARTISTS TO PURSUE AND ACHIEVE THEIR DREAMS.
Program accomplishments
- OPERATION OF STAX MUSEUM TO PERPETUATE THE SOUL OF STAX RECORDS BY PRESERVING ITS RICH CULTURAL LEGACY.Expenses $1,240,916 · revenue $992,781
- OPERATION OF STAX ACADEMY TO EDUCATE YOUTH TO BE PREPARED FOR LIFE SUCCESS AND INSPIRING FUTURE ARTISTS TO ACHIEVE THEIR DREAMS.Expenses $1,765,550 · revenue $297,898
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1719414
- 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
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A540)
- Assets (IRS master file)
- $7,676,316
- Income (IRS master file)
- $3,846,282
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,516,971 | $4,606,732 | $7,676,316 | XML |
| 990 | June 2024 | $4,048,706 | $4,514,514 | $8,747,072 | XML |
| 990 | June 2023 | $4,187,271 | $4,276,983 | $9,084,384 | IRS |
| 990 | June 2022 | $2,799,262 | $3,615,379 | $8,767,759 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 62-1719414).
Questions about SOULSVILLE
- What is the EIN of SOULSVILLE?
- The employer identification number (EIN) of SOULSVILLE is 62-1719414.
- Is SOULSVILLE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to SOULSVILLE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOULSVILLE 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 SOULSVILLE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOULSVILLE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SOULSVILLE?
- The 990 for the year ended June 30, 2025 names ELIZABETH MONTGOMERY.
- Who are the officers and directors of SOULSVILLE?
- The 990 for the year ended June 30, 2025 lists 20 people; 4 received compensation from the organization, the highest $215,805 (BETISE MITCHELL WORLEY, PRESIDENT/CEO).
- How much revenue does SOULSVILLE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,516,971, expenses of $4,606,732 and total assets of $7,676,316 at year end.
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All nonprofits in MEMPHIS · Tennessee · Arts, culture and humanities