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SOULSVILLE FOUNDATION

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Public IRS 990 nonprofit record

SOULSVILLE FOUNDATION

EIN 62-1719414 · Arts, Culture & Humanities (A540)

What they do

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.

Before you give

Are they doing good?

Easy charity check
Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders20 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$130.99spent for every $100 of revenueSpending was higher than revenue this year.
$28.90of every $100 spent went to management and office costsThis number alone does not tell us how much good they did.
$1.67in assets for every $1 spent this yearSome assets cannot be spent right away.
61.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,089,761 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $237,169 for BETISE MITCHELL WORLEY (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$3,516,971
Expenses$4,606,732
Annual shortfall $1,089,761 Expenses were higher than revenue for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$1,332,339 · 28.9% of expenses
See all reported dollar amounts
Revenue$3,516,971
Expenses$4,606,732
Assets$7,676,316
Income$3,846,282
Contributions$2,156,339
Management and general$1,332,339
Stocks and bonds$1,006,738
Accounting fees$53,291
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BETISE MITCHELL WORLEYPRESIDENT/CEO · 40 hrs/week $237,169Base $215,805 · Other $21,364
ELIZABETH MONTGOMERYCFO · 40 hrs/week $151,392Base $136,400 · Other $14,992
JEFFREY KOLLATHEXECUTIVE DIRECTOR · 40 hrs/week $150,764Base $129,400 · Other $21,364
ISAAC DANIELEXECUTIVE DIRECTOR · 40 hrs/week $109,730Base $109,414 · Other $316

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (20)

BETISE MITCHELL WORLEYPRESIDENT/CEO

ELIZABETH MONTGOMERYCFO

JEFFREY KOLLATHEXECUTIVE DIRECTOR

ISAAC DANIELEXECUTIVE DIRECTOR

TOM MARINOSECRETARY

ALEX TURLEYBOARD MEMBER

SEAN NORRISBOARD MEMBER

RICHARD GREENWALDBOARD MEMBER

MICHELE SMITHBOARD MEMBER

MEKA EGWUEKWEVICE CHAIRMAN

MAY WALKERTREASURER

KIRBY DOCKERYBOARD MEMBER

KELLY RAYNEBOARD MEMBER

JOHN KREMERBOARD MEMBER

JAMES MACLINBOARD MEMBER

ELIZABETH LANDRIGAN-KEOUGHBOARD MEMBER

COURTNEY WEINSTEINBOARD MEMBER

BEVERLY ROBERTSONCHAIRMAN

ANDRE PERSONBOARD MEMBER

ALEXANDRIA SMITHBOARD MEMBER

About this charity

Recognized since
January 1998
Location
926 E MCLEMORE AVENUE, MEMPHIS, TN 38106
County
Shelby
In care of
ELIZABETH MONTGOMERY
Primary officer
ELIZABETH MONTGOMERY, CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
THE MARSTON GROUP PLC
NTEE classification
Arts, Culture & Humanities (A540)

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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