MISSISSIPPI MUSEUM OF ART INC

EIN: 646025771 501(c)(3) Arts, Culture & Humanities

JACKSON, MS

Total Revenue
$5,182,985
Total Expenses
$5,030,317
Total Assets
$2,087,916
Net Assets
$-1,950,964
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
MS
Principal Officer
KAREN THOMAS
Phone
6019601515
Tax Period
2024-07-01 to 2025-06-30

MISSISSIPPI MUSEUM OF ART INC, founded in 1952, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.2M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

DEVELOPMENT OF CULTURAL AND ARTISTIC ENLIGHTENMENT

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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 $4,547,066
Program Service Revenue $90,376
Investment Income $0
Other Revenue $545,543
TOTAL REVENUE $5,182,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,579,211
Fundraising Expenses $486,919
Program Expenses $3,788,329
Other Expenses $2,451,106
TOTAL EXPENSES $5,030,317

Year-over-Year Comparison

2024 2023 Change
Revenue $5,182,985 $6,270,224 -0.2%
Expenses $5,030,317 $6,092,966 -0.2%
Net Income $152,668 $177,258 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
36
Independent Members
35
Employees
51
Volunteers
10

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
8
$333,536
Total Directors
37
$333,536
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANNA BURNETT TRUSTEE 2.00
Director
$0 $0 $0
BETSY BRADLEY DIRECTOR 38.00
Officer Director
$289,811 $43,725 $333,536
LESLIE BASKIN TRUSTEE 2.00
Director
$0 $0 $0
DENISE OWENS CHAIRMAN 5.00
Officer Director
$0 $0 $0
GERALDINE BROOKINS TRUSTEE 2.00
Director
$0 $0 $0
LISA PERCY VICE CHAIRMAN 5.00
Officer Director
$0 $0 $0
LAURIE MCREE AT LARGE 5.00
Officer Director
$0 $0 $0
ALESHIA HALL-CAMPBELL TRUSTEE 2.00
Director
$0 $0 $0
STEVEN CHEVALIER TRUSTEE 2.00
Director
$0 $0 $0
MYRNA COLLEY-LEE TRUSTEE 2.00
Director
$0 $0 $0
JOHN HORHN TRUSTEE 2.00
Director
$0 $0 $0
NAKIMULI DAVIS-PRIMER TRUSTEE 2.00
Director
$0 $0 $0
WILLIAM DUNLAP EMERITUS 2.00
Director
$0 $0 $0
W RALPH EUBANKS TRUSTEE 2.00
Director
$0 $0 $0
BRIAN FENELON TRUSTEE 2.00
Director
$0 $0 $0
ROBERT GIBBS TRUSTEE 2.00
Director
$0 $0 $0
JAMES GRAVES III AT LARGE 5.00
Officer Director
$0 $0 $0
LYNNE GREEN TRUSTEE 2.00
Director
$0 $0 $0
JANE CRATER HIATT EMERITA 2.00
Director
$0 $0 $0
BRIAN JOHNSON TRUSTEE 2.00
Director
$0 $0 $0
BRAD MALEY TRUSTEE 2.00
Director
$0 $0 $0
NAN SANDERS TRUSTEE 2.00
Director
$0 $0 $0
KATIE MCRAE TRUSTEE 2.00
Director
$0 $0 $0
ELEE REEVES TRUSTEE 2.00
Director
$0 $0 $0
RISHI ROY TRUSTEE 5.00
Director
$0 $0 $0
KIRK SIMS TRUSTEE 5.00
Director
$0 $0 $0
BUDDY STALLINGS TRUSTEE 2.00
Director
$0 $0 $0
KIMBERLY SWEET TRUSTEE 2.00
Director
$0 $0 $0
MALINDA WARREN TRUSTEE 2.00
Director
$0 $0 $0
CLARENCE WEBSTER III TRUSTEE 2.00
Director
$0 $0 $0
KATHRYN WIENER EMERITA 2.00
Director
$0 $0 $0
EDMUND LEE SECRETARY 5.00
Officer Director
$0 $0 $0
DEIDRA BELL TREASURER 5.00
Officer Director
$0 $0 $0
DONNA BRUCE TRUSTEE 2.00
Director
$0 $0 $0
CHRIS RAY TRUSTEE 2.00
Director
$0 $0 $0
CHRISTY JONES PAST CHAIR 5.00
Officer Director
$0 $0 $0
KANDY SIMS TRUSTEE 2.00
Director
$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 $5,182,985 $5,030,317 $2,087,916 $152,668
2024 No data No data No data No data
2023 $3,692,306 $4,848,814 $2,230,902 $-1,156,508
2022 $5,472,334 $6,243,351 $2,798,163 $-771,017
2021 $6,268,827 $4,932,531 $3,287,796 $1,336,296
2020 $4,143,081 $5,565,085 $2,627,736 $-1,422,004
2019 $4,309,262 $4,621,615 $2,734,295 $-312,353
2018 $4,132,378 $4,754,794 $3,879,636 $-622,416
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