MEMPHIS MUSEUMS OF SCIENCE & HISTORY

EIN: 620801926 501(c)(3) Arts, Culture & Humanities

MEMPHIS, TN

Total Revenue
$5,165,441
Total Expenses
$5,702,066
Total Assets
$9,143,732
Net Assets
$8,555,750
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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
TN
Principal Officer
JEFF KING
Phone
9016362370
Tax Period
2024-07-01 to 2025-06-30

MEMPHIS MUSEUMS OF SCIENCE & HISTORY, founded in 1968, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE PINK PALACE FAMILY OF MUSEUMS INSPIRES PEOPLE TO LEARN HOW HISTORY, SCIENCE, TECHNOLOGY, AND NATURE SHAPE THE MID-SOUTH. THROUGH RICH COLLECTIONS, THOUGHT-PROVOKING EXHIBITIONS, AND ENGAGING PROGRAMS, WE ENCOURAGE OUR DIVERSE COMMUNITY TO REFLECT (CONTINUED) (CONTINUED) ON THE PAST, UNDERSTAND THE PRESENT, AND INFLUENCE THE FUTURE.

Program Service Accomplishments

Program 1
Expenses: $1,270,409 Revenue: $1,107,028

MEMPHIS MUSEUM EDUCATION PROGRAMS -- GIANT SCREEN THEATER FEATURING HISTORY, NATURAL HISTORY, AND SCIENCE FILMS; LICHTERMAN NATURE CENTER FEATURING INDOOR EXHIBITS AND OUTDOOR HABITATS WITH...

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MEMPHIS MUSEUM EDUCATION PROGRAMS -- GIANT SCREEN THEATER FEATURING HISTORY, NATURAL HISTORY, AND SCIENCE FILMS; LICHTERMAN NATURE CENTER FEATURING INDOOR EXHIBITS AND OUTDOOR HABITATS WITH ENVIRONMENTAL EDUCATION PROGRAMS; PINK PALACE EDUCATION SCHOOL AND GENERAL AUDIENCE PROGRAMS; COON CREEK SCIENCE CENTER FOR SCHOOL GROUPS EVACAVATING 73 MILLION Y.O. FOSSILS INCLUDING UNIVERSITY RESEARCH AND TEACHER TRAINING IN PARTERSHIP WITH UNIV TN-MARTIN; SHARPE PLANETARIUM FEATURING EDUCATIONAL ASTROMONY-RELATED SHOW FOR THE PUBLIC AND SCHOOL GROUPS; AND HISTORIC PROPERTIES --EDUCATIONAL PROGRAMS AND GUIDED TOURS OF THE 1836 MAGEVNEY HOUSE AND THE 1852 MALLORY-NEELY HOUSE. PROGRAMS INCLUDE HISTORIC PRESERVATION PROJECTS; GUIDED TOURS INTERPRETING THE HOMES, THE PEOPLE WHO LIVED IN THEM, THE FURNISHINGS, CLOTHING, (CONTINUED) (CONTINUED) FOOD, AND SOCIAL HISTORY AS EXPERIENCED THROUGH THE RESIDENTS OF THE HOUSES. 332,905 PERSONS BENEFITTED.

Program 2
Expenses: $1,225,634 Revenue: $279,241

PINK PALACE EXHIBITIONS -- PERMANENT EXHIBITIONS ABOUT THE CULTURAL HISTORY AND NATURAL HISTORY OF THE MID-SOUTH. TEMPORARY/TRAVELING EXHIBITIONS ABOUT SCIENCE, HISTORY, AND NATURAL HISTORY. 149,191...

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PINK PALACE EXHIBITIONS -- PERMANENT EXHIBITIONS ABOUT THE CULTURAL HISTORY AND NATURAL HISTORY OF THE MID-SOUTH. TEMPORARY/TRAVELING EXHIBITIONS ABOUT SCIENCE, HISTORY, AND NATURAL HISTORY. 149,191 PERSONS BENEFITTED.

Program 3
Expenses: $60,060 Revenue: $13,962

CURATORIAL SERVICES -- CONSERVATION AND PRESERVATION OF OVER 60,000 ARTIFACTS AND OBJECTS IN SUPPORT OF EDUCATION PROGRAMS AND EXHIBITIONS. 482,096 PERSONS BENEFITTED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,058,175
Program Service Revenue $1,317,221
Investment Income $332,811
Other Revenue $457,234
TOTAL REVENUE $5,165,441

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,556,028
Fundraising Expenses $259,754
Program Expenses $2,556,103
Other Expenses $3,146,038
TOTAL EXPENSES $5,702,066

Year-over-Year Comparison

2024 2023 Change
Revenue $5,165,441 $4,043,222 +0.3%
Expenses $5,702,066 $4,324,195 +0.3%
Net Income $-536,625 $-280,973 +0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
95
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$209,635
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MCKENZIE PODESTA GENERAL COUNSEL 2.00
Officer Director
$0 $0 $0
JERRY GOUDY SECRETARY 2.00
Officer Director
$0 $0 $0
JAN COLEMAN TRUSTEE 1.00
Director
$0 $0 $0
GWYN FISHER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
DUNCAN GALBREATH PRESIDENT 2.00
Officer Director
$0 $0 $0
KYLE GOWEN TREASURER 2.00
Officer Director
$0 $0 $0
SHERRY HAWKINS TRUSTEE 1.00
Director
$0 $0 $0
DAVID HUNT TRUSTEE 1.00
Director
$0 $0 $0
JAMILA SMITH-YOUNG TRUSTEE 1.00
Director
$0 $0 $0
SHANNON TUCKER TRUSTEE 1.00
Director
$0 $0 $0
JAMEY MAKI TRUSTEE 1.00
Director
$0 $0 $0
WILLIAM THOMPSON EXECUTIVE DIRECTOR TILL 12/12/25 40.00
Officer
$209,635 $0 $209,635
JEFF KING INTERIM EXEC. DIRECTOR BEG 12/12/25 1.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,165,441 $5,702,066 $9,143,732 $-536,625
2024 $4,043,222 $4,324,195 $9,044,142 $-280,973
2023 $4,161,053 $3,377,480 $9,216,220 $783,573
2022 $4,622,803 $2,356,436 $8,413,401 $2,266,367
2021 $3,293,679 $2,185,334 $7,243,926 $1,108,345
2020 $2,200,958 $2,897,714 $5,245,928 $-696,756
2019 $3,229,533 $3,149,724 $5,714,741 $79,809
2018 $3,152,943 $2,922,721 $5,714,309 $230,222
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