Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 46-1568302

CONSORTIUM MMT

Tax-exempt · MEMPHIS, TN 38103

Financials

$82K$152K2023$95K$148K2024$140K$153K2025
Revenue Expenses · by fiscal year end
Financials of CONSORTIUM MMT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$139,735$152,924-$13,189$470,767$403$470,364
December 31, 2024990$94,854$148,032-$53,178$468,055$451$467,604
December 31, 2023990$81,978$152,096-$70,118$522,181$431$521,750
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$120,772
Program service revenue
$0
Investment income
$18,963
Net gain from sales of assets
$3,339
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$43,888
Salaries, compensation and benefits (total)
$61,410
Professional fundraising fees
$0
Accounting fees
$8,239
Occupancy
$43,668
Program services (functional)
$111,762
Management and general (functional)
$41,162

Balance sheet and other

Total assets, start of year
$468,055
Total assets, end of year
$470,767
Total liabilities, end of year
$403
Net assets, end of year
$470,364
Net assets without donor restrictions
$425,364
Net assets with donor restrictions
$45,000
Gross receipts
$171,810
Employees
1
Volunteers
0
Year formed
2012
State of legal domicile
TN

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 December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
MORGAN BOHANNONSECRETARY
Trustee or director, Officer
2$0
LANCE FREEDVICE CHAIRMAN
Trustee or director, Officer
2$0
NEAL BECKFORD MDDIRECTOR
Trustee or director
2$0
DAVID KRAUS MDDIRECTOR
Trustee or director
2$0
CAREN CREASONTREASURER
Trustee or director, Officer
2$0
DAVID EDMONDSDIRECTOR
Trustee or director
2$0
PAMELA PITTS CFP JDDIRECTOR
Trustee or director
2$0
ERNEST STRICKLANDDIRECTOR
Trustee or director
2$0
DANESE BANKS JDDIRECTOR
Trustee or director
2$0
DAVID PORTEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$0
990 for the year ended December 31, 2024: 10 people
NameTitleHours / weekCompensation
MORGAN BOHANNONSECRETARY
Trustee or director, Officer
2$0
LANCE FREEDVICE CHAIRMAN
Trustee or director, Officer
2$0
NEAL BECKFORD MDDIRECTOR
Trustee or director
2$0
DAVID KRAUS MDDIRECTOR
Trustee or director
2$0
CAREN CREASONTREASURER
Trustee or director, Officer
2$0
DAVID EDMONDSDIRECTOR
Trustee or director
2$0
PAMELA PITTS CFP JDDIRECTOR
Trustee or director
2$0
ERNEST STRICKLANDDIRECTOR
Trustee or director
2$0
DANESE BANKS JDDIRECTOR
Trustee or director
2$0
DAVID PORTEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
MORGAN BOHANNONSECRETARY
Trustee or director, Officer
2$0
LANCE FREEDVICE CHAIRMAN
Trustee or director, Officer
2$0
NEAL BECKFORD MDDIRECTOR
Trustee or director
2$0
DAVID KRAUS MDDIRECTOR
Trustee or director
2$0
CAREN CREASONTREASURER
Trustee or director, Officer
2$0
DAVID EDMONDSDIRECTOR
Trustee or director
2$0
PAMELA PITTS CFP JDDIRECTOR
Trustee or director
2$0
ERNEST STRICKLANDDIRECTOR
Trustee or director
2$0
DANESE BANKS JDDIRECTOR
Trustee or director
2$0
DAVID PORTEREXECUTIVE DIRECTOR
Trustee or director, Officer
40$0

Address and contacts

Address (IRS master file)
119 S MAIN ST STE 111, MEMPHIS, TN 38103-3673
In care of
% DAVID PORTER
Principal officer (990 for 2025)
DAVID PORTER, 119 SOUTH MAIN STREET SUITE 111, MEMPHIS, TN 38103
Signed the 990
DAVID PORTER, EXECUTIVE DIRECTOR
Phone
(901) 543-3559
Return prepared by
THE MARSTON GROUP PLC

Mission

TO DEVELOP A VIABLE MUSIC INDUSTRY IN MEMPHIS FOR THE FUTURE BY PROVIDING A STRUCTURED LEARNING ENVIRONMENT TO ENRICH AND EQUIP OUR TALENTS WITH PROVEN TOOLS TO BUILD THE NEXT GENERATION OF SUCCESSFUL MUSIC PROFESSIONALS. THE CONSORTIUM MMT WILL PROVIDE REAL WORLD EXPERIENCE AND MENTORSHIP, CREATING A DIRECT PATH TO SUCCESS FOR TALENTED RECORDING ARTISTS/ENTERTAINERS, SONGWRITERS AND PRODUCERS.

990 for the year ended December 31, 2025

Program accomplishments

  • SOULRIGHT MUSIC MENTORSHIP PROGRAM - IS DESIGNED TO MENTOR AND EDUCATE PROMISING MEMBERS OF THE MEMPHIS AREA IN THREE CREATIVE AREAS: SONGWRITING, RECORD PRODUCING, AND RECORDING ARTISTRY.
    Expenses $34,518
  • THE TALENT DEVELOPMENT COMPLEX - HOUSES THE MEMPHIS MUSIC RESOURCE CENTER
    Expenses $77,244

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

File the 2026 990-EZ for CONSORTIUM MMT

Due May 17, 2027 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
46-1568302
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$470,767
Income (IRS master file)
$171,810

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$139,735$152,924$470,767IRS
990December 2024$94,854$148,032$468,055IRS
990December 2023$81,978$152,096$522,181XML
990December 2022$54,544$193,364$588,943IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 46-1568302).

Questions about CONSORTIUM MMT

What is the EIN of CONSORTIUM MMT?
The employer identification number (EIN) of CONSORTIUM MMT is 46-1568302.
Is CONSORTIUM MMT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
Are donations to CONSORTIUM MMT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does CONSORTIUM MMT 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 CONSORTIUM MMT due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did CONSORTIUM MMT last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of CONSORTIUM MMT?
The 990 for the year ended December 31, 2025 names DAVID PORTER.
Who are the officers and directors of CONSORTIUM MMT?
The 990 for the year ended December 31, 2025 lists 10 people; 0 received compensation from the organization.
How much revenue does CONSORTIUM MMT have?
On its 990 for the year ended December 31, 2025 it reported revenue of $139,735, expenses of $152,924 and total assets of $470,767 at year end.

Other nonprofits in MEMPHIS

All nonprofits in MEMPHIS · Tennessee · Arts, culture and humanities