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Soulsville Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 621719414 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Soulsville Foundation?

The Soulsville Foundation, located in Memphis, Tennessee, at 926 E McLemore Ave, 38106, is a dedicated nonprofit organization. Its primary mission revolves around preserving and celebrating the cultural legacy of Stax Records, while also empowering youth and nurturing the dreams of future artists. The foundation achieves this by offering educational programs aimed at preparing young individuals for life success and providing a platform for aspiring artists to realize their goals. With a workforce of 64, the Soulsville Foundation is committed to honoring Stax Records' rich history while fostering a new generation of talented musicians.


Official website here: www.soulsvillefoundation.org

Is Soulsville Foundation legitimate?

Soulsville Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Soulsville Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $240,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,652,306

For more financial information, click here


Official website here: www.soulsvillefoundation.org

What is the mission statement of Soulsville Foundation?

The Soulsville Foundation's mission is centered around preserving the soul of Stax Records, its rich cultural legacy, and fostering the success of young individuals. By doing so, it aims to inspire future artists to achieve their dreams. Additionally, the foundation focuses on educating youth, preparing them for future life success. The operation of the Stax Museum is a significant part of its efforts to enhance the preservation and study of music.


Official website here: www.soulsvillefoundation.org

Who is the CEO of Soulsville Foundation?

Elizabeth Montgomery is the Chairman of Soulsville Foundation. The CEO's salary of Soulsville Foundation is $222,762 and their total compensation is $240,950.


Official website here: www.soulsvillefoundation.org

What is the revenue of Soulsville Foundation?

Soulsville Foundation's revenue in 2023 was $4,187,271.


Official website here: www.soulsvillefoundation.org

Who are the executives of Soulsville Foundation and what are their salaries?

The average compensation at Soulsville Foundation during 2023 was $29,582. There are 64 employees and 100 volunteers at Soulsville Foundation.

Here are 18 key members and their salaries (Soulsville Foundation's CEO's salary is $222,762 and their total compensation is $240,950):

    Richard Greenwald (President/Ceo)
  • Compensation: $222,762
  • Related: $0
  • Other: $18,188

    • Betise Mitchell Worley (Stax Museum Executive)
  • Compensation: $154,146
  • Related: $0
  • Other: $20,899

    • Jeffrey Kollath (Stax Museum Executive)
  • Compensation: $124,049
  • Related: $0
  • Other: $20,899

    • Elizabeth Montgomery (Stax Museum Executive)
  • Compensation: $116,198
  • Related: $0
  • Other: $15,594

    • James Maclin (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Meka Egwuekwe (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steve Guinn (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Marino (Executive Committee) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beverly Robertson (Executive Committee) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kirby Dockery (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas Grimes (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Kremer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sean Norris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alexandria Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michele Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alex Turley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • May Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Courtney Weinstein (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.soulsvillefoundation.org

    Where can I find the form 990 for Soulsville Foundation?

    The Soulsville Foundation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.soulsvillefoundation.org

    Learn more at the official website: www.soulsvillefoundation.org

    Mission Statement of Soulsville Foundation

    The Soulsville Foundation, a nonprofit organization, is dedicated to preserving and celebrating the rich cultural legacy of Stax Records. Its mission is threefold: firstly, it aims to educate youth, equipping them with the tools necessary for life success. Secondly, it serves as an inspiration for aspiring artists, helping them achieve their dreams. Lastly, the foundation contributes to the preservation and study of music through the operation of the Stax Museum. By fulfilling these objectives, the Soulsville Foundation ensures that the soul of Stax Records continues to resonate and influence generations to come.

    Impact

    This information is meant to be a general summary of Soulsville Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Soulsville Foundation perpetuates the soul of Stax Records by preserving its rich cultural legacy, educating youth for life success, and inspiring future artists to achieve their dreams. Operating the Stax Museum in Memphis, TN enhances the preservation and study of music, making a significant impact on the community and beyond.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $-82,465
  • Program Service Revenue: $1,441,409
  • Gross Receipts: $4,680,172

    • Assets and Liabilities:
  • Total Assets: $9,084,384
  • Total Liabilities: $348,467
  • Net Assets: $8,735,917
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    ADMISSIONS AND MEMBERS

    Revenue

    $585,883

    SPONSORSHIPS/PARTNERSH

    Revenue

    $570,460

    PROGRAM INCOME

    Revenue

    $211,514

    OTHER REVENUE

    Revenue

    $73,552

    Organization Details

    Founding Year

    1997

    Principal Officer

    Elizabeth Montgomery

    Main Address

    926 E MCLEMORE AVE, MEMPHIS, TN, 38106

    NTEE Category

    Code: A540 - Arts

    If you are a representative of Soulsville Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.