Nonprofit · EIN 84-2654905
FTC QALICB INC
Tax-exempt · JACKSON, MS 39236
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $245,488 | $849,365 | -$603,877 | $14,238,938 | $16,130,142 | -$1,891,204 |
| May 31, 2024 | 990 | $244,935 | $780,562 | -$535,627 | $14,836,164 | $16,123,491 | -$1,287,327 |
| May 31, 2023 | 990 | $161,102 | $780,062 | -$618,960 | $15,121,969 | $16,075,057 | -$953,088 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $12,155
- Program service revenue
- $233,333
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $90,016
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $20,553
- Depreciation
- $523,542
- Program services (functional)
- $827,210
- Management and general (functional)
- $22,155
Balance sheet and other
- Total assets, start of year
- $14,836,164
- Total assets, end of year
- $14,238,938
- Total liabilities, end of year
- $16,130,142
- Net assets, end of year
- -$1,891,204
- Land, buildings and equipment
- $13,800,369
- Net assets without donor restrictions
- -$1,891,204
- Gross receipts
- $245,488
- Employees
- 0
- Year formed
- 2020
- 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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSAN GARRARD | DIRECTOR Trustee or director, Officer | 5 | $0 | $143,622 | $9,842 |
| SARAH SKELTON | DIRECTOR Trustee or director, Officer | 5 | $0 | $122,414 | $9,182 |
| MARY PRESTON DUBBERLY | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JANET SPAIN | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| BARBARA ZELLER | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended May 31, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSAN GARRARD | DIRECTOR Trustee or director, Officer | 5 | $0 | $143,705 | $10,528 |
| SARAH SKELTON | DIRECTOR Trustee or director, Officer | 5 | $0 | $107,935 | $9,455 |
| MARY PRESTON DUBBERLY | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JANET SPAIN | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| BARBARA ZELLER | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
990 for the year ended May 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SUSAN GARRARD | DIRECTOR Trustee or director, Officer | 5 | $0 | $147,000 | $10,230 |
| SARAH SKELTON | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| BARBARA ZELLER | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JANET SPAIN | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARY PRESTON DUBBERLY | DIRECTOR Trustee or director, Officer | 5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 12870, JACKSON, MS 39236-2870
- In care of
- % SARAH SKELTON
- Principal officer (990 for 2024)
- SARAH SKELTON, 2145 MUSEUM BLVD, JACKSON, MS 39202
- Signed the 990
- SARAH SKELTON, DIRECTOR
- Phone
- (601) 709-8963
- Website
- MSCHILDRENSMUSEUM.ORG
- Return prepared by
- TANN BROWN & RUSS CO PLLC
Mission
TO DEVELOP AND CONSTRUCT A MUSEUM TO BENEFIT, SUPPORT, PERFORM THE CHARITABLE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSES, OF THE MISSISSIPPI CHILDREN'S MUSEUM. FTC OBTAINED THE STATUS OF A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS IN ORDER TO CONSTRUCT, DEVELOP AND EQUIP A CHILDREN'S MUSEUM IN MERIDIAN, MISSISSIPPI THROUGH A NEW MARKETS TAX CREDIT (NMTC) TRANSACTION.
Program accomplishments
- TO DEVELOP AND CONSTRUCT A MUSEUM TO BENEFIT, SUPPORT, PERFORM THE CHARITABLE FUNCTIONS OF, OR TO CARRY OUT THE CHARITABLE PURPOSES, OF THE MISSISSIPPI CHILDREN'S MUSEUM.Expenses $827,210 · grants $90,016 · revenue $233,333
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 84-2654905
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2020
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A11)
- Assets (IRS master file)
- $14,238,938
- Income (IRS master file)
- $245,488
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $245,488 | $849,365 | $14,238,938 | XML |
| 990 | May 2024 | $244,935 | $780,562 | $14,836,164 | XML |
| 990 | May 2023 | $161,102 | $780,062 | $15,121,969 | XML |
| 990 | May 2022 | $737,633 | $773,951 | $15,712,511 | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 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 84-2654905).
Questions about FTC QALICB INC
- What is the EIN of FTC QALICB INC?
- The employer identification number (EIN) of FTC QALICB INC is 84-2654905.
- Is FTC QALICB INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to FTC QALICB INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does FTC QALICB 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 FTC QALICB INC due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FTC QALICB INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of FTC QALICB INC?
- The 990 for the year ended May 31, 2025 names SARAH SKELTON.
- Who are the officers and directors of FTC QALICB INC?
- The 990 for the year ended May 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does FTC QALICB INC have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $245,488, expenses of $849,365 and total assets of $14,238,938 at year end.
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All nonprofits in JACKSON · Mississippi · Arts, culture and humanities